Can I retire at age 59 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,197,420
2 years$621,387$609,814$598,598$587,724$577,176$562,433
3 years$410,143$398,520$387,333$376,560$366,184$351,806
4 years$304,542$292,955$281,879$271,291$261,166$247,262
5 years$241,198$229,680$218,750$208,377$198,534$185,146
6 years$198,982$187,551$176,782$166,641$157,093$144,238
7 years$168,840$157,505$146,907$137,005$127,759$115,440
8 years$146,243$135,011$124,589$114,930$105,988$94,206
9 years$128,678$117,551$107,308$97,895$89,257$78,006
10 years$114,633$103,616$93,554$84,386$76,052$65,324
11 years$103,150$92,243$82,363$73,441$65,407$55,193
12 years$93,587$82,792$73,095$64,418$56,680$46,969
13 years$85,502$74,820$65,306$56,871$49,426$40,205
14 years$78,578$68,009$58,678$50,484$43,327$34,583
15 years$72,583$62,128$52,978$45,023$38,148$29,867
16 years$67,342$57,001$48,032$40,313$33,716$25,883
17 years$62,722$52,496$43,707$36,221$29,895$22,495
18 years$58,621$48,509$39,899$32,642$26,581$19,598
19 years$54,955$44,957$36,526$29,495$23,692$17,111
20 years$51,660$41,776$33,522$26,714$21,162$14,967
21 years$48,683$38,913$30,833$24,244$18,938$13,111
22 years$45,980$36,324$28,418$22,044$16,975$11,502
23 years$43,515$33,973$26,239$20,076$15,238$10,102
24 years$41,260$31,831$24,266$18,310$13,696$8,881
25 years$39,188$29,871$22,476$16,722$12,324$7,815
26 years$37,279$28,074$20,845$15,290$11,101$6,882
27 years$35,514$26,421$19,356$13,995$10,009$6,065
28 years$33,877$24,897$17,994$12,822$9,031$5,348
29 years$32,357$23,487$16,745$11,758$8,155$4,718
30 years$30,941$22,181$15,598$10,791$7,368$4,165
31 years$29,618$20,968$14,541$9,911$6,662$3,677
32 years$28,381$19,840$13,567$9,108$6,026$3,248
33 years$27,221$18,789$12,668$8,376$5,454$2,870
34 years$26,132$17,808$11,836$7,707$4,938$2,537
35 years$25,107$16,890$11,066$7,094$4,472$2,243
36 years$24,141$16,032$10,352$6,534$4,052$1,983
37 years$23,230$15,226$9,689$6,020$3,672$1,754
38 years$22,368$14,470$9,073$5,549$3,329$1,552
39 years$21,553$13,760$8,501$5,116$3,019$1,373
40 years$20,781$13,091$7,968$4,719$2,739$1,215
41 years$20,048$12,462$7,471$4,354$2,485$1,075
42 years$19,352$11,868$7,008$4,018$2,254$951
43 years$18,690$11,308$6,576$3,709$2,046$842
44 years$18,060$10,779$6,173$3,425$1,857$745
45 years$17,459$10,279$5,796$3,163$1,686$660
46 years$16,887$9,805$5,444$2,922$1,531$584
47 years$16,340$9,357$5,115$2,699$1,390$517
48 years$15,818$8,933$4,806$2,494$1,262$458
49 years$15,318$8,530$4,518$2,305$1,147$405
50 years$14,841$8,149$4,247$2,131$1,041$359

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,200,000, adding $3,032 every year, while hoping to spend $27,499 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: 41/46/13 Blend
58$15,200,000$15,200,000$15,200,000$15,200,000
59$16,753,528$15,947,928$15,712,328$17,375,907
60$18,433,129$16,700,117$16,209,432$18,566,759
61$20,283,127$17,488,243$16,722,267$19,851,893
62$22,320,875$18,314,035$17,251,332$21,242,214
63$24,565,493$19,179,311$17,797,140$22,747,307
64$27,038,050$20,085,975$18,360,221$24,377,681
65$29,761,764$21,036,021$18,941,122$26,144,864
66$32,762,222$22,031,543$19,540,407$28,061,501
67$36,067,615$23,074,736$20,158,657$30,141,467
68$39,709,014$24,167,899$20,796,474$32,399,992
69$43,720,654$25,313,447$21,454,477$34,853,791
70$48,140,263$26,513,909$22,133,304$37,521,217
71$53,009,415$27,771,936$22,833,615$40,422,422
72$58,373,925$29,090,310$23,556,091$43,579,540
73$64,284,277$30,471,947$24,301,432$47,016,883
74$70,796,106$31,919,905$25,070,362$50,761,160
75$77,970,719$33,437,390$25,863,629$54,841,718
76$85,875,674$35,027,764$26,682,003$59,290,808
77$94,585,422$36,694,553$27,526,279$64,143,875
78$104,182,002$38,441,453$28,397,276$69,439,881
79$114,755,822$40,272,341$29,295,841$75,221,658
80$126,406,511$42,191,280$30,222,847$81,536,299
81$139,243,856$44,202,534$31,179,193$88,435,587
82$153,388,843$46,310,572$32,165,810$95,976,465
83$168,974,795$48,520,080$33,183,654$104,221,564
84$186,148,633$50,835,973$34,233,716$113,239,769
85$205,072,262$53,263,404$35,317,014$123,106,856
86$225,924,101$55,807,779$36,434,602$133,906,187
87$248,900,762$58,474,763$37,587,564$145,729,477
88$274,218,914$61,270,301$38,777,022$158,677,639
89$302,117,321$64,200,623$40,004,130$172,861,714
90$332,859,100$67,272,266$41,270,080$188,403,897
91$366,734,204$70,492,083$42,576,103$205,438,668
92$404,062,157$73,867,259$43,923,468$224,114,033
93$445,195,076$77,405,333$45,313,482$244,592,897
94$490,520,987$81,114,208$46,747,497$267,054,574
95$540,467,496$85,002,172$48,226,906$291,696,451
96$595,505,819$89,077,918$49,753,147$318,735,822
97$656,155,237$93,350,560$51,327,701$348,411,906
98$722,987,992$97,829,658$52,952,100$380,988,071
99$796,634,693$102,525,237$54,627,921$416,754,288
100$877,790,268$107,447,810$56,356,793$456,029,833