Can I retire at age 59 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,316,614
2 years$703,148$690,053$677,361$665,056$653,120$598,461
3 years$464,109$450,957$438,298$426,108$414,366$361,707
4 years$344,613$331,501$318,968$306,987$295,529$245,271
5 years$272,934$259,901$247,533$235,795$224,657$176,926
6 years$225,164$212,229$200,043$188,567$177,763$132,591
7 years$191,055$178,229$166,237$155,032$144,569$101,937
8 years$165,486$152,776$140,982$130,052$119,934$79,799
9 years$145,609$133,019$121,428$110,776$101,002$63,302
10 years$129,717$117,249$105,863$95,490$86,059$50,720
11 years$116,722$104,380$93,200$83,105$74,013$40,952
12 years$105,901$93,686$82,713$72,894$64,138$33,264
13 years$96,753$84,665$73,899$64,354$55,930$27,149
14 years$88,917$76,958$66,398$57,127$49,028$22,242
15 years$82,133$70,302$59,949$50,947$43,168$18,277
16 years$76,202$64,501$54,352$45,617$38,152$15,057
17 years$70,975$59,403$49,458$40,987$33,828$12,429
18 years$66,334$54,891$45,149$36,937$30,078$10,277
19 years$62,186$50,873$41,332$33,376$26,810$8,509
20 years$58,457$47,273$37,932$30,229$23,947$7,052
21 years$55,088$44,033$34,890$27,434$21,430$5,851
22 years$52,030$41,103$32,157$24,944$19,209$4,858
23 years$49,241$38,443$29,691$22,717$17,243$4,036
24 years$46,689$36,019$27,459$20,719$15,498$3,355
25 years$44,344$33,802$25,433$18,922$13,946$2,790
26 years$42,184$31,768$23,588$17,301$12,562$2,321
27 years$40,186$29,898$21,903$15,836$11,326$1,931
28 years$38,335$28,172$20,362$14,509$10,219$1,607
29 years$36,615$26,577$18,949$13,305$9,228$1,338
30 years$35,012$25,100$17,650$12,211$8,338$1,114
31 years$33,515$23,727$16,454$11,215$7,538$928
32 years$32,115$22,451$15,352$10,307$6,819$773
33 years$30,803$21,261$14,334$9,478$6,171$644
34 years$29,570$20,151$13,393$8,721$5,587$536
35 years$28,410$19,113$12,522$8,028$5,061$447
36 years$27,318$18,141$11,714$7,393$4,585$372
37 years$26,286$17,230$10,964$6,812$4,156$310
38 years$25,312$16,374$10,267$6,279$3,768$258
39 years$24,389$15,570$9,619$5,789$3,417$215
40 years$23,515$14,814$9,016$5,340$3,099$179
41 years$22,686$14,102$8,454$4,927$2,811$149
42 years$21,898$13,430$7,930$4,547$2,551$124
43 years$21,149$12,796$7,442$4,197$2,315$104
44 years$20,436$12,197$6,985$3,875$2,102$86
45 years$19,757$11,631$6,559$3,579$1,908$72
46 years$19,109$11,096$6,160$3,306$1,732$60
47 years$18,490$10,589$5,788$3,054$1,573$50
48 years$17,899$10,108$5,439$2,822$1,428$42
49 years$17,334$9,653$5,112$2,608$1,297$35
50 years$16,793$9,221$4,806$2,411$1,178$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,200,000, adding $5,244 every year, while hoping to spend $55,239 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: 51/37/12 Blend
58$17,200,000$17,200,000$17,200,000$17,200,000
59$18,959,809$18,048,209$17,781,609$19,865,717
60$20,834,936$18,873,798$18,318,519$21,311,360
61$22,899,474$19,737,988$18,871,564$22,875,816
62$25,172,685$20,642,615$19,441,227$24,575,310
63$27,675,795$21,589,598$20,028,003$26,422,578
64$30,432,189$22,580,952$20,632,405$28,431,610
65$33,467,640$23,618,786$21,254,958$30,617,773
66$36,810,544$24,705,312$21,896,204$32,997,953
67$40,492,195$25,842,848$22,556,702$35,590,707
68$44,547,074$27,033,822$23,237,027$38,416,427
69$49,013,178$28,280,782$23,937,770$41,497,532
70$53,932,378$29,586,395$24,659,540$44,858,663
71$59,350,811$30,953,459$25,402,965$48,526,916
72$65,319,320$32,384,905$26,168,691$52,532,083
73$71,893,930$33,883,805$26,957,382$56,906,927
74$79,136,381$35,453,381$27,769,724$61,687,480
75$87,114,703$37,097,009$28,606,421$66,913,377
76$95,903,866$38,818,225$29,468,200$72,628,215
77$105,586,483$40,620,741$30,355,807$78,879,956
78$116,253,590$42,508,443$31,270,012$85,721,370
79$128,005,506$44,485,407$32,211,608$93,210,518
80$140,952,781$46,555,905$33,181,410$101,411,290
81$155,217,235$48,724,415$34,180,257$110,393,994
82$170,933,112$50,995,630$35,209,015$120,236,008
83$188,248,346$53,374,473$36,268,574$131,022,494
84$207,325,956$55,866,100$37,359,849$142,847,188
85$228,345,585$58,475,920$38,483,785$155,813,269
86$251,505,195$61,209,601$39,641,353$170,034,317
87$277,022,940$64,073,086$40,833,553$185,635,368
88$305,139,217$67,072,605$42,061,414$202,754,078
89$336,118,942$70,214,687$43,325,997$221,542,000
90$370,254,048$73,506,181$44,628,392$242,166,001
91$407,866,241$76,954,264$45,969,723$264,809,810
92$449,310,036$80,566,461$47,351,147$289,675,737
93$494,976,102$84,350,661$48,773,853$316,986,555
94$545,294,956$88,315,134$50,239,068$346,987,586
95$600,741,018$92,468,552$51,748,054$379,948,987
96$661,837,097$96,820,006$53,302,108$416,168,276
97$729,159,321$101,379,027$54,902,570$455,973,114
98$803,342,580$106,155,608$56,550,814$499,724,371
99$885,086,515$111,160,224$58,248,258$547,819,502
100$975,162,126$116,403,861$59,996,360$600,696,270