Can I retire at age 59 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,367,895
2 years$711,325$698,077$685,238$672,789$660,714$641,001
3 years$469,506$456,201$443,394$431,063$419,184$399,975
4 years$348,620$335,356$322,677$310,556$298,966$280,408
5 years$276,108$262,923$250,411$238,537$227,269$209,417
6 years$227,782$214,697$202,369$190,760$179,830$162,705
7 years$193,277$180,302$168,170$156,834$146,250$129,858
8 years$167,410$154,552$142,621$131,564$121,329$105,668
9 years$147,302$134,565$122,840$112,064$102,176$87,239
10 years$131,225$118,613$107,094$96,600$87,059$72,834
11 years$118,079$105,594$94,284$84,071$74,874$61,347
12 years$107,133$94,775$83,675$73,741$64,884$52,040
13 years$97,878$85,649$74,758$65,103$56,580$44,401
14 years$89,951$77,853$67,170$57,791$49,598$38,065
15 years$83,088$71,120$60,646$51,539$43,670$32,763
16 years$77,089$65,251$54,984$46,148$38,596$28,294
17 years$71,800$60,094$50,034$41,463$34,221$24,503
18 years$67,105$55,529$45,674$37,367$30,428$21,272
19 years$62,909$51,464$41,813$33,764$27,121$18,505
20 years$59,137$47,823$38,373$30,580$24,225$16,126
21 years$55,729$44,545$35,296$27,753$21,679$14,074
22 years$52,635$41,581$32,531$25,234$19,432$12,299
23 years$49,814$38,890$30,036$22,981$17,443$10,760
24 years$47,232$36,438$27,779$20,960$15,678$9,424
25 years$44,860$34,195$25,729$19,142$14,108$8,260
26 years$42,674$32,138$23,862$17,502$12,708$7,245
27 years$40,654$30,245$22,158$16,020$11,457$6,359
28 years$38,781$28,500$20,599$14,678$10,338$5,585
29 years$37,040$26,886$19,169$13,460$9,335$4,907
30 years$35,419$25,391$17,855$12,353$8,435$4,314
31 years$33,905$24,003$16,646$11,345$7,626$3,794
32 years$32,489$22,712$15,531$10,427$6,898$3,337
33 years$31,161$21,509$14,501$9,588$6,243$2,936
34 years$29,914$20,385$13,549$8,822$5,652$2,585
35 years$28,741$19,335$12,667$8,121$5,119$2,275
36 years$27,635$18,352$11,850$7,479$4,639$2,004
37 years$26,592$17,430$11,091$6,891$4,204$1,765
38 years$25,606$16,565$10,387$6,352$3,811$1,554
39 years$24,673$15,751$9,731$5,857$3,456$1,369
40 years$23,789$14,986$9,121$5,402$3,135$1,206
41 years$22,950$14,266$8,553$4,984$2,844$1,063
42 years$22,153$13,586$8,023$4,600$2,581$937
43 years$21,395$12,945$7,528$4,246$2,342$826
44 years$20,674$12,339$7,066$3,920$2,126$728
45 years$19,986$11,766$6,635$3,621$1,930$641
46 years$19,331$11,225$6,232$3,344$1,752$565
47 years$18,705$10,712$5,855$3,090$1,591$498
48 years$18,107$10,226$5,502$2,855$1,445$439
49 years$17,536$9,765$5,171$2,639$1,312$387
50 years$16,988$9,328$4,862$2,439$1,192$341

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,400,000, adding $2,664 every year, while hoping to spend $32,510 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: 54/36/10 Blend
58$17,400,000$17,400,000$17,400,000$17,400,000
59$19,177,548$18,255,348$17,985,648$20,164,732
60$21,099,067$19,115,270$18,553,577$21,694,467
61$23,215,492$20,016,238$19,139,442$23,354,783
62$25,546,669$20,960,230$19,743,809$25,161,055
63$28,114,466$21,949,318$20,367,263$27,127,141
64$30,942,982$22,985,675$21,010,408$29,268,265
65$34,058,774$24,071,581$21,673,864$31,601,153
66$37,491,104$25,209,423$22,358,273$34,144,189
67$41,272,219$26,401,707$23,064,298$36,917,577
68$45,437,654$27,651,060$23,792,621$39,943,525
69$50,026,567$28,960,234$24,543,946$43,246,448
70$55,082,109$30,332,118$25,319,000$46,853,189
71$60,651,830$31,769,738$26,118,533$50,793,266
72$66,788,130$33,276,268$26,943,317$55,099,140
73$73,548,752$34,855,038$27,794,151$59,806,512
74$80,997,327$36,509,537$28,671,857$64,954,649
75$89,203,974$38,243,424$29,577,284$70,586,750
76$98,245,965$40,060,537$30,511,308$76,750,336
77$108,208,448$41,964,899$31,474,832$83,497,690
78$119,185,259$43,960,728$32,468,789$90,886,341
79$131,279,801$46,052,449$33,494,138$98,979,593
80$144,606,022$48,244,700$34,551,873$107,847,108
81$159,289,491$50,542,345$35,643,015$117,565,554
82$175,468,584$52,950,485$36,768,621$128,219,309
83$193,295,788$55,474,468$37,929,779$139,901,248
84$212,939,144$58,119,902$39,127,612$152,713,604
85$234,583,829$60,892,669$40,363,279$166,768,911
86$258,433,906$63,798,936$41,637,975$182,191,057
87$284,714,250$66,845,170$42,952,933$199,116,430
88$313,672,672$70,038,152$44,309,425$217,695,191
89$345,582,256$73,384,993$45,708,762$238,092,666
90$380,743,939$76,893,151$47,152,299$260,490,895
91$419,489,352$80,570,446$48,641,432$285,090,321
92$462,183,946$84,425,078$50,177,601$312,111,663
93$509,230,450$88,465,649$51,762,292$341,797,979
94$561,072,665$92,701,174$53,397,037$374,416,930
95$618,199,659$97,141,113$55,083,420$410,263,285
96$681,150,379$101,795,383$56,823,069$449,661,677
97$750,518,745$106,674,385$58,617,670$492,969,635
98$826,959,252$111,789,024$60,468,957$540,580,936
99$911,193,150$117,150,741$62,378,721$592,929,286
100$1,004,015,253$122,771,529$64,348,810$650,492,384