Can I retire at age 59 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,143,526
2 years$596,859$585,743$574,970$564,524$554,393$533,610
3 years$393,953$382,789$372,043$361,696$351,729$331,510
4 years$292,520$281,391$270,752$260,582$250,856$231,356
5 years$231,677$220,614$210,115$200,152$190,697$171,971
6 years$191,127$180,148$169,804$160,063$150,892$132,962
7 years$162,175$151,288$141,108$131,597$122,716$105,586
8 years$140,471$129,682$119,671$110,393$101,804$85,472
9 years$123,598$112,911$103,072$94,030$85,734$70,189
10 years$110,108$99,526$89,861$81,055$73,050$58,278
11 years$99,078$88,602$79,112$70,542$62,825$48,810
12 years$89,893$79,524$70,210$61,875$54,443$41,166
13 years$82,127$71,867$62,728$54,626$47,475$34,916
14 years$75,476$65,325$56,361$48,491$41,617$29,753
15 years$69,718$59,675$50,887$43,246$36,643$25,451
16 years$64,684$54,751$46,136$38,722$32,385$21,842
17 years$60,246$50,424$41,982$34,791$28,715$18,795
18 years$56,307$46,594$38,324$31,354$25,532$16,211
19 years$52,786$43,183$35,084$28,331$22,757$14,009
20 years$49,621$40,127$32,198$25,659$20,327$12,126
21 years$46,761$37,377$29,616$23,287$18,190$10,512
22 years$44,165$34,890$27,296$21,173$16,305$9,123
23 years$41,798$32,632$25,203$19,283$14,636$7,926
24 years$39,631$30,574$23,309$17,587$13,155$6,893
25 years$37,641$28,692$21,588$16,062$11,838$5,999
26 years$35,807$26,966$20,022$14,686$10,663$5,224
27 years$34,112$25,378$18,592$13,442$9,614$4,553
28 years$32,540$23,914$17,284$12,316$8,675$3,969
29 years$31,080$22,560$16,084$11,294$7,833$3,462
30 years$29,719$21,305$14,982$10,365$7,078$3,021
31 years$28,449$20,141$13,967$9,520$6,399$2,637
32 years$27,261$19,057$13,032$8,749$5,788$2,302
33 years$26,146$18,047$12,168$8,045$5,238$2,011
34 years$25,100$17,105$11,369$7,402$4,743$1,757
35 years$24,116$16,224$10,629$6,814$4,296$1,535
36 years$23,188$15,399$9,943$6,276$3,892$1,341
37 years$22,313$14,625$9,307$5,782$3,528$1,172
38 years$21,485$13,899$8,715$5,330$3,198$1,025
39 years$20,702$13,217$8,165$4,914$2,900$896
40 years$19,961$12,575$7,653$4,533$2,630$783
41 years$19,257$11,970$7,176$4,182$2,386$685
42 years$18,588$11,400$6,732$3,859$2,165$599
43 years$17,952$10,862$6,317$3,563$1,965$524
44 years$17,347$10,353$5,929$3,290$1,784$458
45 years$16,770$9,873$5,567$3,038$1,619$400
46 years$16,220$9,418$5,229$2,806$1,470$350
47 years$15,695$8,988$4,913$2,593$1,335$306
48 years$15,193$8,580$4,617$2,396$1,213$268
49 years$14,714$8,194$4,339$2,214$1,101$234
50 years$14,255$7,827$4,080$2,046$1,000$205

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $14,600,000, adding $6,561 every year, while hoping to spend $56,212 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: 84/10/6 Blend
58$14,600,000$14,600,000$14,600,000$14,600,000
59$16,095,968$15,322,168$15,095,868$17,442,479
60$17,677,947$16,013,145$15,541,770$19,013,184
61$19,419,405$16,736,096$16,000,726$20,729,688
62$21,336,548$17,492,528$16,473,114$22,613,171
63$23,447,234$18,284,021$16,959,322$24,680,355
64$25,771,144$19,112,229$17,459,751$26,949,653
65$28,329,959$19,978,887$17,974,811$29,441,346
66$31,147,573$20,885,811$18,504,926$32,177,768
67$34,250,315$21,834,905$19,050,530$35,183,517
68$37,667,195$22,828,163$19,612,071$38,485,685
69$41,430,183$23,867,677$20,190,009$42,114,114
70$45,574,505$24,955,637$20,784,818$46,101,672
71$50,138,979$26,094,337$21,396,984$50,484,562
72$55,166,379$27,286,184$22,027,007$55,302,663
73$60,703,840$28,533,698$22,675,402$60,599,905
74$66,803,303$29,839,520$23,342,700$66,424,677
75$73,522,003$31,206,420$24,029,443$72,830,285
76$80,923,010$32,637,297$24,736,192$79,875,452
77$89,075,826$34,135,193$25,463,523$87,624,867
78$98,057,036$35,703,294$26,212,028$96,149,799
79$107,951,038$37,344,940$26,982,315$105,528,757
80$118,850,832$39,063,630$27,775,010$115,848,238
81$130,858,902$40,863,032$28,590,758$127,203,534
82$144,088,181$42,746,992$29,430,219$139,699,631
83$158,663,119$44,719,538$30,294,076$153,452,192
84$174,720,856$46,784,895$31,183,026$168,588,654
85$192,412,517$48,947,488$32,097,791$185,249,418
86$211,904,636$51,211,957$33,039,109$203,589,176
87$233,380,731$53,583,166$34,007,742$223,778,363
88$257,043,036$56,066,211$35,004,471$246,004,767
89$283,114,406$58,666,436$36,030,102$270,475,291
90$311,840,425$61,389,440$37,085,459$297,417,907
91$343,491,720$64,241,095$38,171,394$327,083,798
92$378,366,520$67,227,554$39,288,781$359,749,728
93$416,793,468$70,355,266$40,438,517$395,720,647
94$459,134,721$73,630,993$41,621,527$435,332,566
95$505,789,373$77,061,823$42,838,759$478,955,721
96$557,197,223$80,655,186$44,091,191$526,998,062
97$613,842,918$84,418,869$45,379,825$579,909,101
98$676,260,540$88,361,037$46,705,693$638,184,145
99$745,038,637$92,490,250$48,069,855$702,368,966
100$820,825,784$96,815,478$49,473,402$773,064,948