Can I retire at age 59 with 14,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,140,084
2 years$588,682$577,719$567,093$556,791$546,798$538,538
3 years$388,557$377,546$366,947$356,741$346,911$338,838
4 years$288,513$277,536$267,043$257,012$247,420$239,596
5 years$228,503$217,592$207,237$197,410$188,085$180,533
6 years$188,509$177,680$167,478$157,870$148,825$141,556
7 years$159,953$149,215$139,175$129,794$121,035$114,051
8 years$138,546$127,905$118,031$108,881$100,410$93,712
9 years$121,905$111,364$101,660$92,742$84,560$78,146
10 years$108,600$98,162$88,630$79,945$72,049$65,915
11 years$97,721$87,388$78,028$69,576$61,965$56,107
12 years$88,662$78,435$69,248$61,027$53,697$48,110
13 years$81,002$70,882$61,869$53,878$46,825$41,503
14 years$74,442$64,430$55,589$47,827$41,047$35,983
15 years$68,762$58,858$50,190$42,653$36,141$31,329
16 years$63,797$54,001$45,504$38,191$31,941$27,374
17 years$59,421$49,733$41,407$34,315$28,321$23,991
18 years$55,535$45,955$37,799$30,924$25,182$21,081
19 years$52,063$42,591$34,603$27,943$22,445$18,565
20 years$48,941$39,578$31,757$25,308$20,048$16,382
21 years$46,120$36,865$29,211$22,968$17,941$14,480
22 years$43,560$34,412$26,922$20,883$16,082$12,817
23 years$41,225$32,185$24,858$19,019$14,436$11,360
24 years$39,088$30,155$22,989$17,346$12,975$10,081
25 years$37,125$28,299$21,293$15,842$11,676$8,954
26 years$35,316$26,597$19,748$14,485$10,517$7,960
27 years$33,644$25,031$18,338$13,258$9,482$7,082
28 years$32,094$23,586$17,047$12,147$8,556$6,305
29 years$30,654$22,251$15,864$11,139$7,726$5,617
30 years$29,312$21,014$14,777$10,223$6,981$5,006
31 years$28,059$19,865$13,776$9,389$6,311$4,464
32 years$26,887$18,796$12,853$8,629$5,709$3,983
33 years$25,788$17,800$12,001$7,935$5,167$3,555
34 years$24,756$16,871$11,213$7,301$4,678$3,173
35 years$23,785$16,002$10,483$6,721$4,237$2,834
36 years$22,871$15,188$9,807$6,190$3,839$2,531
37 years$22,007$14,425$9,179$5,703$3,479$2,262
38 years$21,191$13,709$8,596$5,257$3,154$2,021
39 years$20,419$13,036$8,053$4,847$2,860$1,807
40 years$19,687$12,402$7,548$4,471$2,594$1,615
41 years$18,993$11,806$7,078$4,125$2,354$1,444
42 years$18,333$11,244$6,639$3,807$2,136$1,291
43 years$17,706$10,713$6,230$3,514$1,938$1,155
44 years$17,109$10,212$5,848$3,245$1,759$1,033
45 years$16,540$9,738$5,491$2,996$1,597$924
46 years$15,998$9,289$5,157$2,768$1,450$827
47 years$15,480$8,865$4,845$2,557$1,317$740
48 years$14,985$8,463$4,553$2,363$1,196$662
49 years$14,512$8,081$4,280$2,184$1,086$592
50 years$14,059$7,720$4,024$2,018$987$530

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,400,000, adding $3,623 every year, while hoping to spend $52,586 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/41/12 Blend
58$14,400,000$14,400,000$14,400,000$14,400,000
59$15,872,537$15,109,337$14,886,137$16,565,306
60$17,435,585$15,793,744$15,328,872$17,728,436
61$19,156,301$16,509,923$15,784,675$18,984,341
62$21,050,712$17,259,378$16,253,930$20,346,193
63$23,136,478$18,043,681$16,737,030$21,823,865
64$25,433,058$18,864,480$17,234,380$23,428,194
65$27,961,893$19,723,503$17,746,395$25,171,080
66$30,746,612$20,622,561$18,273,505$27,065,593
67$33,813,249$21,563,549$18,816,150$29,126,088
68$37,190,493$22,548,455$19,374,784$31,368,336
69$40,909,957$23,579,364$19,949,873$33,809,664
70$45,006,477$24,658,457$20,541,898$36,469,114
71$49,518,439$25,788,022$21,151,352$39,367,612
72$54,488,141$26,970,457$21,778,745$42,528,161
73$59,962,196$28,208,274$22,424,597$45,976,048
74$65,991,967$29,504,106$23,089,448$49,739,077
75$72,634,054$30,860,714$23,773,851$53,847,819
76$79,950,828$32,280,989$24,478,375$58,335,892
77$88,011,017$33,767,962$25,203,605$63,240,270
78$96,890,360$35,324,811$25,950,145$68,601,623
79$106,672,315$36,954,866$26,718,614$74,464,687
80$117,448,853$38,661,616$27,509,649$80,878,676
81$129,321,321$40,448,720$28,323,907$87,897,738
82$142,401,400$42,320,011$29,162,062$95,581,449
83$156,812,160$44,279,509$30,024,808$103,995,367
84$172,689,220$46,331,425$30,912,859$113,211,636
85$190,182,031$48,480,175$31,826,950$123,309,651
86$209,455,282$50,730,387$32,767,837$134,376,797
87$230,690,456$53,086,912$33,736,295$146,509,254
88$254,087,547$55,554,835$34,733,125$159,812,892
89$279,866,941$58,139,486$35,759,149$174,404,254
90$308,271,500$60,846,452$36,815,212$190,411,636
91$339,568,856$63,681,591$37,902,184$207,976,281
92$374,053,932$66,651,042$39,020,961$227,253,696
93$412,051,732$69,761,241$40,172,461$248,415,093
94$453,920,402$73,018,936$41,357,632$271,648,993
95$500,054,618$76,431,199$42,577,448$297,162,974
96$550,889,305$80,005,443$43,832,908$325,185,617
97$606,903,748$83,749,443$45,125,044$355,968,633
98$668,626,111$87,671,347$46,454,914$389,789,216
99$736,638,428$91,779,697$47,823,607$426,952,634
100$811,582,093$96,083,448$49,232,244$467,795,081