Can I retire at age 59 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,334,299
2 years$707,237$694,065$681,300$668,923$656,917$611,783
3 years$466,808$453,579$440,846$428,585$416,775$373,151
4 years$346,617$333,429$320,823$308,772$297,248$255,467
5 years$274,521$261,412$248,972$237,166$225,963$186,138
6 years$226,473$213,463$201,206$189,664$178,797$140,960
7 years$192,166$179,266$167,203$155,933$145,410$109,556
8 years$166,448$153,664$141,802$130,808$120,631$86,736
9 years$146,455$133,792$122,134$111,420$101,589$69,611
10 years$130,471$117,931$106,479$96,045$86,559$56,449
11 years$117,401$104,987$93,742$83,588$74,444$46,144
12 years$106,517$94,231$83,194$73,318$64,511$37,961
13 years$97,315$85,157$74,328$64,729$56,255$31,387
14 years$89,434$77,405$66,784$57,459$49,313$26,057
15 years$82,611$70,711$60,297$51,243$43,419$21,705
16 years$76,646$64,876$54,668$45,883$38,374$18,129
17 years$71,388$59,749$49,746$41,225$34,025$15,176
18 years$66,719$55,210$45,412$37,152$30,253$12,727
19 years$62,547$51,168$41,572$33,570$26,965$10,690
20 years$58,797$47,548$38,153$30,404$24,086$8,991
21 years$55,409$44,289$35,093$27,594$21,554$7,570
22 years$52,332$41,342$32,344$25,089$19,320$6,379
23 years$49,527$38,667$29,864$22,849$17,343$5,380
24 years$46,960$36,228$27,619$20,840$15,588$4,540
25 years$44,602$33,998$25,581$19,032$14,027$3,833
26 years$42,429$31,953$23,725$17,402$12,635$3,238
27 years$40,420$30,071$22,031$15,928$11,392$2,736
28 years$38,558$28,336$20,480$14,594$10,279$2,312
29 years$36,827$26,732$19,059$13,383$9,282$1,955
30 years$35,215$25,246$17,752$12,282$8,386$1,653
31 years$33,710$23,865$16,550$11,280$7,582$1,399
32 years$32,302$22,581$15,442$10,367$6,859$1,183
33 years$30,982$21,385$14,418$9,533$6,207$1,001
34 years$29,742$20,268$13,471$8,771$5,620$847
35 years$28,576$19,224$12,595$8,074$5,090$717
36 years$27,476$18,246$11,782$7,436$4,612$607
37 years$26,439$17,330$11,028$6,852$4,180$514
38 years$25,459$16,470$10,327$6,315$3,789$435
39 years$24,531$15,661$9,675$5,823$3,436$368
40 years$23,652$14,900$9,069$5,371$3,117$312
41 years$22,818$14,184$8,503$4,955$2,828$264
42 years$22,025$13,508$7,977$4,573$2,566$223
43 years$21,272$12,870$7,485$4,222$2,329$189
44 years$20,555$12,268$7,026$3,898$2,114$160
45 years$19,872$11,699$6,597$3,600$1,919$135
46 years$19,220$11,160$6,196$3,325$1,742$115
47 years$18,598$10,650$5,821$3,072$1,582$97
48 years$18,003$10,167$5,470$2,839$1,437$82
49 years$17,435$9,709$5,142$2,624$1,305$70
50 years$16,891$9,274$4,834$2,425$1,185$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,300,000, adding $4,728 every year, while hoping to spend $55,307 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: 57/22/21 Blend
58$17,300,000$17,300,000$17,300,000$17,300,000
59$19,069,477$18,152,577$17,884,427$20,048,729
60$20,955,717$18,983,207$18,424,709$21,547,345
61$23,032,501$19,852,684$18,981,237$23,173,441
62$25,319,204$20,762,854$19,554,496$24,944,422
63$27,837,178$21,715,649$20,144,988$26,874,256
64$30,609,952$22,713,098$20,753,226$28,978,300
65$33,663,450$23,757,322$21,379,742$31,273,446
66$37,026,240$24,850,550$22,025,082$33,778,270
67$40,729,802$25,995,112$22,689,808$36,513,206
68$44,808,825$27,193,455$23,374,499$39,500,733
69$49,301,531$28,448,141$24,079,751$42,765,584
70$54,250,044$29,761,856$24,806,179$46,334,968
71$59,700,777$31,137,416$25,554,415$50,238,828
72$65,704,878$32,577,771$26,325,109$54,510,115
73$72,318,707$34,086,013$27,118,932$59,185,090
74$79,604,373$35,665,386$27,936,574$64,303,663
75$87,630,315$37,319,286$28,778,746$69,909,763
76$96,471,952$39,051,275$29,646,178$76,051,745
77$106,212,391$40,865,088$30,539,625$82,782,837
78$116,943,214$42,764,636$31,459,862$90,161,636
79$128,765,342$44,754,024$32,407,687$98,252,655
80$141,789,985$46,837,549$33,383,923$107,126,922
81$156,139,695$49,019,721$34,389,416$116,862,639
82$171,949,521$51,305,263$35,425,038$127,545,917
83$189,368,281$53,699,130$36,491,685$139,271,571
84$208,559,971$56,206,513$37,590,283$152,144,015
85$229,705,312$58,832,856$38,721,781$166,278,228
86$253,003,453$61,583,865$39,887,160$181,800,834
87$278,673,853$64,465,522$41,087,427$198,851,283
88$306,958,350$67,484,097$42,323,621$217,583,157
89$338,123,450$70,646,166$43,596,810$238,165,606
90$372,462,832$73,958,618$44,908,093$260,784,935
91$410,300,132$77,428,681$46,258,605$285,646,342
92$451,991,988$81,063,929$47,649,511$312,975,851
93$497,931,412$84,872,304$49,082,012$343,022,420
94$548,551,500$88,862,130$50,557,342$376,060,284
95$604,329,515$93,042,137$52,076,776$412,391,523
96$665,791,400$97,421,476$53,641,622$452,348,898
97$733,516,735$102,009,740$55,253,229$496,298,975
98$808,144,215$106,816,991$56,912,985$544,645,567
99$890,377,674$111,853,772$58,622,319$597,833,523
100$980,992,733$117,131,143$60,382,703$656,352,914