Can I retire at age 59 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,225,831
2 years$650,004$637,898$626,165$614,790$603,756$561,792
3 years$429,031$416,873$405,171$393,902$383,048$342,495
4 years$318,567$306,446$294,860$283,784$273,193$234,361
5 years$252,305$240,257$228,824$217,973$207,677$170,670
6 years$208,146$196,188$184,924$174,315$164,328$129,175
7 years$176,615$164,759$153,672$143,314$133,642$100,340
8 years$152,978$141,229$130,326$120,223$110,869$79,392
9 years$134,604$122,965$112,250$102,403$93,368$63,678
10 years$119,912$108,387$97,862$88,272$79,554$51,605
11 years$107,900$96,491$86,156$76,823$68,419$42,158
12 years$97,897$86,605$76,461$67,384$59,291$34,658
13 years$89,440$78,266$68,313$59,490$51,703$28,637
14 years$82,197$71,141$61,380$52,809$45,322$23,758
15 years$75,925$64,989$55,418$47,096$39,905$19,775
16 years$70,443$59,626$50,244$42,170$35,268$16,505
17 years$65,611$54,913$45,720$37,889$31,271$13,806
18 years$61,320$50,742$41,737$34,146$27,805$11,570
19 years$57,486$47,028$38,208$30,854$24,783$9,711
20 years$54,039$43,700$35,065$27,944$22,137$8,161
21 years$50,925$40,705$32,253$25,361$19,810$6,866
22 years$48,097$37,997$29,726$23,059$17,757$5,781
23 years$45,519$35,538$27,447$21,000$15,940$4,872
24 years$43,160$33,296$25,384$19,153$14,327$4,108
25 years$40,993$31,247$23,511$17,492$12,892$3,465
26 years$38,995$29,367$21,805$15,994$11,613$2,925
27 years$37,149$27,638$20,248$14,639$10,470$2,470
28 years$35,438$26,043$18,823$13,413$9,447$2,086
29 years$33,847$24,569$17,516$12,300$8,530$1,762
30 years$32,366$23,203$16,316$11,288$7,708$1,489
31 years$30,982$21,934$15,211$10,367$6,969$1,258
32 years$29,688$20,754$14,192$9,528$6,304$1,064
33 years$28,475$19,654$13,251$8,762$5,705$899
34 years$27,335$18,628$12,381$8,061$5,165$760
35 years$26,263$17,668$11,575$7,421$4,678$643
36 years$25,253$16,770$10,829$6,835$4,239$544
37 years$24,300$15,927$10,135$6,297$3,842$460
38 years$23,399$15,137$9,491$5,804$3,483$389
39 years$22,546$14,394$8,892$5,352$3,158$329
40 years$21,738$13,694$8,335$4,936$2,865$278
41 years$20,971$13,036$7,815$4,554$2,599$235
42 years$20,243$12,415$7,331$4,203$2,358$199
43 years$19,551$11,829$6,879$3,880$2,140$168
44 years$18,891$11,275$6,457$3,582$1,943$142
45 years$18,263$10,752$6,063$3,309$1,764$120
46 years$17,664$10,257$5,695$3,056$1,601$102
47 years$17,093$9,788$5,350$2,823$1,454$86
48 years$16,546$9,344$5,028$2,609$1,320$73
49 years$16,024$8,923$4,726$2,411$1,199$62
50 years$15,524$8,524$4,443$2,229$1,089$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $15,900,000, adding $5,822 every year, while hoping to spend $22,636 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: 75/16/9 Blend
58$15,900,000$15,900,000$15,900,000$15,900,000
59$17,527,805$16,685,105$16,438,655$18,815,676
60$19,291,557$17,478,591$16,965,266$20,458,207
61$21,234,453$18,310,199$17,508,759$22,254,206
62$23,374,741$19,181,773$18,069,677$24,221,682
63$25,732,532$20,095,247$18,648,578$26,377,630
64$28,329,984$21,052,648$19,246,040$28,740,761
65$31,191,518$22,056,103$19,862,658$31,331,668
66$34,344,043$23,107,842$20,499,046$34,173,025
67$37,817,211$24,210,202$21,155,840$37,289,790
68$41,643,700$25,365,635$21,833,694$40,709,443
69$45,859,518$26,576,712$22,533,283$44,462,241
70$50,504,346$27,846,129$23,255,306$48,581,498
71$55,621,913$29,176,713$24,000,483$53,103,895
72$61,260,405$30,571,428$24,769,555$58,069,826
73$67,472,922$32,033,384$25,563,291$63,523,771
74$74,317,980$33,565,840$26,382,481$69,514,715
75$81,860,063$35,172,215$27,227,943$76,096,604
76$90,170,230$36,856,094$28,100,520$83,328,848
77$99,326,788$38,621,238$29,001,082$91,276,879
78$109,416,030$40,471,588$29,930,528$100,012,765
79$120,533,049$42,411,279$30,889,785$109,615,880
80$132,782,636$44,444,648$31,879,808$120,173,651
81$146,280,270$46,576,241$32,901,587$131,782,376
82$161,153,208$48,810,827$33,956,141$144,548,128
83$177,541,684$51,153,407$35,044,521$158,587,749
84$195,600,237$53,609,225$36,167,813$174,029,946
85$215,499,165$56,183,781$37,327,139$191,016,498
86$237,426,136$58,882,842$38,523,654$209,703,588
87$261,587,960$61,712,459$39,758,554$230,263,270
88$288,212,536$64,678,974$41,033,070$252,885,085
89$317,551,012$67,789,041$42,348,475$277,777,839
90$349,880,147$71,049,635$43,706,081$305,171,568
91$385,504,930$74,468,076$45,107,243$335,319,699
92$424,761,457$78,052,035$46,553,359$368,501,434
93$468,020,102$81,809,562$48,045,874$405,024,373
94$515,689,019$85,749,097$49,586,276$445,227,409
95$568,217,987$89,879,491$51,176,105$489,483,915
96$626,102,663$94,210,028$52,816,946$538,205,256
97$689,889,260$98,750,444$54,510,439$591,844,664
98$760,179,699$103,510,950$56,258,273$650,901,499
99$837,637,298$108,502,256$58,062,195$715,925,953
100$922,993,029$113,735,593$59,924,005$787,524,226