Can I retire at age 59 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,160,450
2 years$617,299$605,802$594,660$583,857$573,379$529,886
3 years$407,445$395,899$384,785$374,083$363,775$321,802
4 years$302,538$291,027$280,025$269,506$259,447$219,315
5 years$239,611$228,169$217,311$207,006$197,228$159,040
6 years$197,673$186,317$175,619$165,545$156,060$119,845
7 years$167,729$156,469$145,940$136,103$126,918$92,668
8 years$145,281$134,123$123,769$114,174$105,291$72,975
9 years$127,831$116,778$106,602$97,251$88,670$58,246
10 years$113,879$102,934$92,938$83,831$75,551$46,965
11 years$102,471$91,636$81,821$72,958$64,977$38,168
12 years$92,972$82,248$72,614$63,994$56,307$31,211
13 years$84,940$74,328$64,876$56,497$49,101$25,648
14 years$78,061$67,562$58,292$50,152$43,042$21,160
15 years$72,105$61,719$52,629$44,727$37,897$17,513
16 years$66,899$56,626$47,716$40,048$33,494$14,533
17 years$62,310$52,150$43,420$35,983$29,698$12,085
18 years$58,235$48,189$39,637$32,428$26,406$10,068
19 years$54,593$44,661$36,286$29,301$23,536$8,399
20 years$51,320$41,502$33,301$26,538$21,023$7,015
21 years$48,362$38,657$30,631$24,085$18,813$5,865
22 years$45,677$36,085$28,231$21,899$16,863$4,908
23 years$43,229$33,750$26,066$19,943$15,138$4,110
24 years$40,988$31,621$24,107$18,190$13,606$3,443
25 years$38,930$29,675$22,328$16,612$12,243$2,886
26 years$37,033$27,890$20,708$15,189$11,028$2,420
27 years$35,280$26,247$19,229$13,903$9,943$2,030
28 years$33,655$24,733$17,876$12,738$8,972$1,704
29 years$32,144$23,333$16,635$11,681$8,101$1,430
30 years$30,737$22,035$15,495$10,720$7,320$1,200
31 years$29,423$20,830$14,445$9,846$6,618$1,008
32 years$28,194$19,710$13,478$9,048$5,986$846
33 years$27,042$18,666$12,584$8,321$5,418$711
34 years$25,960$17,691$11,758$7,656$4,905$597
35 years$24,942$16,779$10,993$7,048$4,443$501
36 years$23,982$15,926$10,284$6,491$4,025$421
37 years$23,077$15,126$9,625$5,980$3,648$354
38 years$22,221$14,375$9,014$5,512$3,308$297
39 years$21,411$13,669$8,445$5,083$2,999$250
40 years$20,644$13,005$7,915$4,688$2,721$210
41 years$19,916$12,380$7,422$4,325$2,468$176
42 years$19,225$11,790$6,962$3,992$2,240$148
43 years$18,567$11,234$6,533$3,685$2,033$124
44 years$17,941$10,708$6,132$3,402$1,845$105
45 years$17,345$10,211$5,758$3,142$1,675$88
46 years$16,776$9,741$5,408$2,902$1,521$74
47 years$16,233$9,296$5,081$2,681$1,381$62
48 years$15,714$8,874$4,775$2,478$1,254$52
49 years$15,218$8,474$4,488$2,290$1,139$44
50 years$14,743$8,095$4,219$2,117$1,035$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,100,000, adding $6,122 every year, while hoping to spend $20,813 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: 72/13/15 Blend
58$15,100,000$15,100,000$15,100,000$15,100,000
59$16,646,515$15,846,215$15,612,165$17,788,699
60$18,322,314$16,600,534$16,113,027$19,301,273
61$20,168,348$17,391,118$16,629,971$20,954,000
62$22,201,958$18,219,721$17,163,514$22,763,317
63$24,442,253$19,088,183$17,714,187$24,744,721
64$26,910,293$19,998,434$18,282,543$26,915,268
65$29,629,284$20,952,498$18,869,148$29,293,735
66$32,624,797$21,952,497$19,474,591$31,900,792
67$35,925,012$23,000,655$20,099,475$34,759,196
68$39,560,982$24,099,306$20,744,427$37,894,000
69$43,566,927$25,250,897$21,410,090$41,332,790
70$47,980,556$26,457,994$22,097,131$45,105,939
71$52,843,425$27,723,287$22,806,237$49,246,891
72$58,201,325$29,049,599$23,538,116$53,792,475
73$64,104,718$30,439,887$24,293,501$58,783,247
74$70,609,214$31,897,256$25,073,148$64,263,869
75$77,776,091$33,424,960$25,877,836$70,283,527
76$85,672,880$35,026,409$26,708,371$76,896,392
77$94,373,995$36,705,185$27,565,582$84,162,126
78$103,961,441$38,465,038$28,450,328$92,146,438
79$114,525,588$40,309,905$29,363,494$100,921,707
80$126,166,021$42,243,913$30,305,994$110,567,650
81$138,992,481$44,271,390$31,278,771$121,172,078
82$153,125,902$46,396,876$32,282,797$132,831,715
83$168,699,551$48,625,131$33,319,078$145,653,105
84$185,860,289$50,961,146$34,388,652$159,753,615
85$204,769,955$53,410,158$35,492,587$175,262,534
86$225,606,891$55,977,657$36,631,990$192,322,287
87$248,567,632$58,669,400$37,808,000$211,089,774
88$273,868,758$61,491,428$39,021,795$231,737,844
89$301,748,936$64,450,073$40,274,590$254,456,918
90$332,471,177$67,551,976$41,567,638$279,456,781
91$366,325,319$70,804,104$42,902,236$306,968,549
92$403,630,758$74,213,762$44,279,717$337,246,851
93$444,739,470$77,788,611$45,701,463$370,572,215
94$490,039,330$81,536,687$47,168,895$407,253,714
95$539,957,773$85,466,416$48,683,485$447,631,870
96$594,965,831$89,586,636$50,246,747$492,081,859
97$655,582,582$93,906,617$51,860,249$541,017,043
98$722,380,043$98,436,079$53,525,605$594,892,861
99$795,988,578$103,185,218$55,244,484$654,211,119
100$877,102,846$108,164,727$57,018,607$719,524,711