Can I retire at age 59 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,193,493
2 years$629,563$617,838$606,475$595,457$584,770$550,250
3 years$415,540$403,764$392,429$381,515$371,002$337,568
4 years$308,549$296,809$285,588$274,860$264,602$232,510
5 years$244,371$232,702$221,628$211,119$201,146$170,485
6 years$201,600$190,019$179,108$168,834$159,160$129,958
7 years$171,061$159,577$148,840$138,807$129,440$101,698
8 years$148,168$136,787$126,228$116,442$107,383$81,085
9 years$130,371$119,098$108,720$99,183$90,432$65,553
10 years$116,142$104,979$94,785$85,497$77,052$53,560
11 years$104,507$93,457$83,447$74,408$66,268$44,123
12 years$94,819$83,882$74,057$65,265$57,426$36,587
13 years$86,627$75,805$66,165$57,620$50,077$30,498
14 years$79,612$68,904$59,450$51,148$43,897$25,531
15 years$73,538$62,945$53,675$45,615$38,650$21,447
16 years$68,228$57,751$48,664$40,844$34,159$18,069
17 years$63,548$53,187$44,283$36,698$30,288$15,259
18 years$59,392$49,147$40,424$33,072$26,931$12,912
19 years$55,678$45,549$37,006$29,883$24,004$10,944
20 years$52,340$42,326$33,963$27,065$21,441$9,289
21 years$49,323$39,425$31,239$24,563$19,187$7,894
22 years$46,585$36,802$28,792$22,334$17,198$6,714
23 years$44,088$34,420$26,584$20,340$15,438$5,716
24 years$41,803$32,249$24,586$18,551$13,876$4,870
25 years$39,704$30,264$22,771$16,942$12,487$4,151
26 years$37,769$28,444$21,119$15,491$11,247$3,541
27 years$35,981$26,769$19,611$14,179$10,141$3,021
28 years$34,323$25,224$18,231$12,991$9,150$2,579
29 years$32,783$23,796$16,966$11,913$8,262$2,202
30 years$31,348$22,473$15,803$10,933$7,465$1,881
31 years$30,008$21,244$14,732$10,041$6,749$1,607
32 years$28,754$20,101$13,746$9,228$6,105$1,373
33 years$27,579$19,036$12,834$8,486$5,525$1,173
34 years$26,475$18,042$11,992$7,808$5,003$1,003
35 years$25,437$17,113$11,211$7,188$4,531$857
36 years$24,459$16,242$10,488$6,620$4,105$733
37 years$23,535$15,427$9,817$6,099$3,721$626
38 years$22,663$14,661$9,193$5,622$3,373$536
39 years$21,837$13,941$8,613$5,183$3,059$458
40 years$21,054$13,264$8,073$4,781$2,775$392
41 years$20,312$12,626$7,570$4,411$2,517$335
42 years$19,606$12,024$7,101$4,071$2,284$286
43 years$18,936$11,457$6,663$3,758$2,073$245
44 years$18,297$10,921$6,254$3,470$1,882$210
45 years$17,689$10,414$5,873$3,204$1,708$179
46 years$17,109$9,934$5,516$2,960$1,551$153
47 years$16,555$9,481$5,182$2,735$1,408$131
48 years$16,026$9,050$4,869$2,527$1,279$112
49 years$15,520$8,643$4,577$2,335$1,162$96
50 years$15,036$8,256$4,303$2,159$1,055$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,400,000, adding $5,125 every year, while hoping to spend $40,576 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: 64/16/20 Blend
58$15,400,000$15,400,000$15,400,000$15,400,000
59$16,976,086$16,159,886$15,921,186$17,975,657
60$18,664,475$16,908,548$16,411,374$19,397,288
61$20,523,719$17,692,535$16,916,622$20,944,704
62$22,571,203$18,513,534$17,437,394$22,634,305
63$24,826,083$19,373,315$17,974,164$24,479,999
64$27,309,469$20,273,732$18,527,424$26,497,085
65$30,044,620$21,216,731$19,097,678$28,702,400
66$33,057,169$22,204,348$19,685,448$31,114,471
67$36,375,360$23,238,721$20,291,270$33,753,688
68$40,030,317$24,322,088$20,915,698$36,642,492
69$44,056,336$25,456,797$21,559,301$39,805,585
70$48,491,211$26,645,310$22,222,666$43,270,155
71$53,376,590$27,890,205$22,906,400$47,066,133
72$58,758,364$29,194,187$23,611,127$51,226,471
73$64,687,106$30,560,090$24,337,488$55,787,444
74$71,218,544$31,990,888$25,086,148$60,788,992
75$78,414,090$33,489,696$25,857,788$66,275,092
76$86,341,416$35,059,780$26,653,112$72,294,166
77$95,075,095$36,704,564$27,472,847$78,899,533
78$104,697,306$38,427,639$28,317,738$86,149,910
79$115,298,605$40,232,767$29,188,557$94,109,955
80$126,978,786$42,123,896$30,086,096$102,850,876
81$139,847,816$44,105,161$31,011,174$112,451,097
82$154,026,879$46,180,899$31,964,634$122,996,987
83$169,649,516$48,355,658$32,947,345$134,583,673
84$186,862,886$50,634,205$33,960,200$147,315,929
85$205,829,157$53,021,539$35,004,124$161,309,158
86$226,727,036$55,522,898$36,080,067$176,690,475
87$249,753,452$58,143,778$37,189,007$193,599,895
88$275,125,420$60,889,940$38,331,955$212,191,651
89$303,082,088$63,767,423$39,509,951$232,635,637
90$333,886,994$66,782,559$40,724,067$255,119,006
91$367,830,552$69,941,989$41,975,408$279,847,925
92$405,232,796$73,252,674$43,265,112$307,049,510
93$446,446,400$76,721,913$44,594,352$336,973,965
94$491,860,007$80,357,361$45,964,337$369,896,925
95$541,901,898$84,167,043$47,376,312$406,122,054
96$597,044,035$88,159,372$48,831,563$445,983,895
97$657,806,518$92,343,172$50,331,411$489,851,017
98$724,762,489$96,727,693$51,877,219$538,129,483
99$798,543,549$101,322,637$53,470,393$591,266,667
100$879,845,720$106,138,175$55,112,380$649,755,464