Can I retire at age 59 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,373,452
2 years$731,765$718,137$704,928$692,122$679,701$626,003
3 years$482,997$469,310$456,135$443,449$431,230$379,445
4 years$358,638$344,993$331,950$319,480$307,557$258,078
5 years$284,042$270,478$257,607$245,392$233,800$186,755
6 years$234,327$220,866$208,184$196,242$184,998$140,420
7 years$198,831$185,483$173,002$161,341$150,453$108,329
8 years$172,221$158,993$146,720$135,345$124,815$85,106
9 years$151,535$138,432$126,370$115,284$105,112$67,761
10 years$134,996$122,021$110,172$99,376$89,561$54,500
11 years$121,473$108,628$96,994$86,487$77,025$44,176
12 years$110,211$97,499$86,079$75,860$66,749$36,028
13 years$100,690$88,110$76,906$66,973$58,206$29,526
14 years$92,536$80,090$69,101$59,452$51,023$24,291
15 years$85,476$73,164$62,388$53,020$44,925$20,047
16 years$79,304$67,126$56,564$47,474$39,705$16,587
17 years$73,864$61,821$51,471$42,655$35,205$13,753
18 years$69,033$57,125$46,987$38,441$31,303$11,423
19 years$64,717$52,943$43,014$34,734$27,901$9,501
20 years$60,836$49,197$39,476$31,459$24,921$7,911
21 years$57,330$45,825$36,310$28,551$22,302$6,594
22 years$54,147$42,776$33,466$25,959$19,990$5,500
23 years$51,245$40,008$30,900$23,642$17,945$4,591
24 years$48,589$37,485$28,577$21,562$16,129$3,835
25 years$46,149$35,177$26,468$19,692$14,514$3,204
26 years$43,900$33,061$24,548$18,005$13,073$2,678
27 years$41,822$31,114$22,795$16,481$11,787$2,239
28 years$39,895$29,319$21,191$15,100$10,635$1,873
29 years$38,105$27,659$19,720$13,847$9,603$1,567
30 years$36,437$26,121$18,368$12,708$8,677$1,311
31 years$34,879$24,693$17,124$11,671$7,845$1,097
32 years$33,422$23,365$15,977$10,726$7,096$918
33 years$32,056$22,127$14,918$9,864$6,422$769
34 years$30,773$20,971$13,938$9,075$5,815$643
35 years$29,567$19,891$13,031$8,354$5,267$539
36 years$28,429$18,879$12,191$7,694$4,772$451
37 years$27,356$17,931$11,410$7,089$4,325$378
38 years$26,342$17,041$10,685$6,534$3,921$316
39 years$25,382$16,204$10,011$6,025$3,556$265
40 years$24,472$15,417$9,383$5,557$3,225$222
41 years$23,609$14,675$8,798$5,127$2,926$186
42 years$22,789$13,976$8,253$4,732$2,655$155
43 years$22,010$13,317$7,745$4,368$2,409$130
44 years$21,268$12,694$7,270$4,033$2,187$109
45 years$20,561$12,104$6,826$3,725$1,985$91
46 years$19,886$11,547$6,411$3,441$1,803$76
47 years$19,243$11,020$6,023$3,179$1,637$64
48 years$18,628$10,520$5,660$2,937$1,487$54
49 years$18,039$10,046$5,320$2,714$1,350$45
50 years$17,477$9,596$5,002$2,509$1,226$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,900,000, adding $3,421 every year, while hoping to spend $29,628 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: 84/9/7 Blend
58$17,900,000$17,900,000$17,900,000$17,900,000
59$19,729,329$18,780,629$18,503,179$21,374,410
60$21,710,196$19,669,356$19,091,511$23,337,768
61$23,892,119$20,600,637$19,698,560$25,489,461
62$26,295,574$21,576,527$20,324,920$27,851,834
63$28,943,125$22,599,179$20,971,207$30,446,021
64$31,859,636$23,670,851$21,638,055$33,295,297
65$35,072,507$24,793,911$22,326,118$36,425,297
66$38,611,932$25,970,841$23,036,072$39,864,255
67$42,511,181$27,204,245$23,768,613$43,643,264
68$46,806,921$28,496,852$24,524,460$47,796,575
69$51,539,553$29,851,524$25,304,356$52,361,911
70$56,753,600$31,271,262$26,109,065$57,380,826
71$62,498,127$32,759,213$26,939,378$62,899,091
72$68,827,198$34,318,677$27,796,110$68,967,125
73$75,800,394$35,953,114$28,680,101$75,640,466
74$83,483,370$37,666,152$29,592,221$82,980,295
75$91,948,477$39,461,597$30,533,363$91,054,012
76$101,275,443$41,343,437$31,504,452$99,935,862
77$111,552,129$43,315,856$32,506,442$109,707,640
78$122,875,355$45,383,241$33,540,316$120,459,457
79$135,351,814$47,550,192$34,607,089$132,290,583
80$149,099,081$49,821,534$35,707,809$145,310,388
81$164,246,724$52,202,326$36,843,557$159,639,365
82$180,937,521$54,697,872$38,015,448$175,410,263
83$199,328,816$57,313,734$39,224,633$192,769,340
84$219,593,995$60,055,748$40,472,299$211,877,735
85$241,924,133$62,930,030$41,759,671$232,912,986
86$266,529,789$65,942,996$43,088,014$256,070,702
87$293,642,998$69,101,372$44,458,632$281,566,402
88$323,519,459$72,412,215$45,872,873$309,637,547
89$356,440,954$75,882,924$47,332,123$340,545,774
90$392,717,999$79,521,255$48,837,818$374,579,360
91$432,692,786$83,335,348$50,391,435$412,055,938
92$476,742,404$87,333,733$51,994,502$453,325,489
93$525,282,403$91,525,361$53,648,593$498,773,641
94$578,770,720$95,919,615$55,355,332$548,825,296
95$637,711,994$100,526,336$57,116,396$603,948,644
96$702,662,338$105,355,848$58,933,516$664,659,563
97$774,234,584$110,418,972$60,808,477$731,526,494
98$853,104,071$115,727,061$62,743,120$805,175,789
99$940,015,019$121,292,020$64,739,347$886,297,618
100$1,035,787,556$127,126,333$66,799,119$975,652,479