Can I retire at age 59 with 17,800,000?

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 $17,800,000?

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$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,372,314
2 years$727,677$714,125$700,990$688,256$675,903$628,925
3 years$480,299$466,688$453,587$440,972$428,821$383,422
4 years$356,634$343,065$330,095$317,696$305,839$262,366
5 years$282,455$268,967$256,167$244,021$232,494$191,064
6 years$233,018$219,632$207,021$195,145$183,964$144,611
7 years$197,720$184,447$172,036$160,440$149,612$112,330
8 years$171,259$158,105$145,900$134,589$124,118$88,879
9 years$150,688$137,659$125,664$114,640$104,525$71,288
10 years$134,242$121,339$109,556$98,821$89,061$57,772
11 years$120,794$108,021$96,452$86,004$76,595$47,196
12 years$109,596$96,954$85,598$75,437$66,376$38,800
13 years$100,128$87,618$76,477$66,599$57,881$32,059
14 years$92,019$79,643$68,715$59,119$50,738$26,597
15 years$84,998$72,755$62,040$52,724$44,674$22,138
16 years$78,861$66,751$56,248$47,209$39,483$18,477
17 years$73,451$61,475$51,184$42,417$35,008$15,456
18 years$68,648$56,806$46,724$38,226$31,128$12,953
19 years$64,355$52,647$42,774$34,540$27,745$10,872
20 years$60,497$48,922$39,256$31,283$24,782$9,136
21 years$57,010$45,569$36,108$28,391$22,177$7,686
22 years$53,845$42,537$33,279$25,814$19,879$6,472
23 years$50,959$39,784$30,727$23,510$17,844$5,454
24 years$48,317$37,275$28,417$21,442$16,039$4,599
25 years$45,891$34,981$26,320$19,582$14,433$3,880
26 years$43,655$32,876$24,411$17,905$13,000$3,274
27 years$41,588$30,941$22,667$16,389$11,721$2,765
28 years$39,672$29,155$21,072$15,016$10,576$2,335
29 years$37,892$27,505$19,610$13,770$9,550$1,973
30 years$36,233$25,975$18,266$12,637$8,629$1,667
31 years$34,684$24,555$17,028$11,606$7,801$1,409
32 years$33,235$23,234$15,888$10,666$7,057$1,191
33 years$31,877$22,003$14,835$9,809$6,386$1,007
34 years$30,602$20,854$13,861$9,025$5,782$851
35 years$29,401$19,780$12,959$8,308$5,237$720
36 years$28,271$18,774$12,122$7,651$4,745$609
37 years$27,203$17,831$11,346$7,050$4,301$515
38 years$26,195$16,946$10,625$6,498$3,899$435
39 years$25,240$16,114$9,955$5,991$3,536$368
40 years$24,335$15,331$9,331$5,526$3,207$311
41 years$23,477$14,593$8,749$5,099$2,909$263
42 years$22,662$13,898$8,207$4,705$2,640$223
43 years$21,887$13,242$7,701$4,344$2,396$188
44 years$21,149$12,623$7,229$4,011$2,175$159
45 years$20,446$12,037$6,788$3,704$1,974$135
46 years$19,775$11,483$6,375$3,421$1,793$114
47 years$19,135$10,958$5,989$3,161$1,628$97
48 years$18,524$10,461$5,628$2,921$1,478$82
49 years$17,939$9,990$5,290$2,699$1,343$69
50 years$17,379$9,542$4,974$2,495$1,220$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,800,000, adding $5,782 every year, while hoping to spend $22,935 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: 59/32/9 Blend
58$17,800,000$17,800,000$17,800,000$17,800,000
59$19,621,564$18,678,164$18,402,264$20,738,651
60$21,598,561$19,568,992$18,994,337$22,380,555
61$23,776,443$20,502,701$19,605,476$24,166,903
62$26,175,676$21,481,369$20,236,295$26,114,094
63$28,818,813$22,507,174$20,887,429$28,237,580
64$31,730,706$23,582,400$21,559,532$30,554,349
65$34,938,742$24,709,441$22,253,281$33,083,073
66$38,473,100$25,890,810$22,969,372$35,844,282
67$42,367,037$27,129,140$23,708,527$38,860,550
68$46,657,200$28,427,194$24,471,488$42,156,701
69$51,383,974$29,787,867$25,259,023$45,760,036
70$56,591,864$31,214,196$26,071,924$49,700,584
71$62,329,910$32,709,368$26,911,010$54,011,376
72$68,652,156$34,276,721$27,777,123$58,728,750
73$75,618,155$35,919,760$28,671,136$63,892,683
74$83,293,536$37,642,158$29,593,948$69,547,163
75$91,750,619$39,447,766$30,546,488$75,740,590
76$101,069,100$41,340,625$31,529,714$82,526,226
77$111,336,804$43,324,971$32,544,615$89,962,688
78$122,650,512$45,405,248$33,592,213$98,114,487
79$135,116,874$47,586,115$34,673,562$107,052,628
80$148,853,420$49,872,460$35,789,751$116,855,266
81$163,989,664$52,269,405$36,941,903$127,608,436
82$180,668,330$54,782,327$38,131,177$139,406,846
83$199,046,700$57,416,861$39,358,772$152,354,759
84$219,298,095$60,178,918$40,625,922$166,566,966
85$241,613,514$63,074,698$41,933,904$182,169,850
86$266,203,436$66,110,703$43,284,033$199,302,566
87$293,299,809$69,293,750$44,677,671$218,118,336
88$323,158,236$72,630,990$46,116,219$238,785,879
89$356,060,391$76,129,923$47,601,128$261,490,988
90$392,316,676$79,798,414$49,133,890$286,438,257
91$432,269,153$83,644,713$50,716,052$313,853,003
92$476,294,772$87,677,469$52,349,205$343,983,362
93$524,808,930$91,905,757$54,034,995$377,102,616
94$578,269,394$96,339,092$55,775,121$413,511,749
95$637,180,619$100,987,454$57,571,333$453,542,260
96$702,098,512$105,861,309$59,425,443$497,559,271
97$773,635,683$110,971,636$61,339,318$545,964,947
98$852,467,223$116,329,947$63,314,886$599,202,265
99$939,337,083$121,948,318$65,354,138$657,759,163
100$1,035,065,092$127,839,411$67,459,128$722,173,121