Can I retire at age 59 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,393,868
2 years$735,853$722,148$708,867$695,989$683,498$642,040
3 years$485,696$471,932$458,684$445,927$433,639$393,499
4 years$360,642$346,920$333,804$321,265$309,275$270,761
5 years$285,629$271,990$259,046$246,762$235,106$198,323
6 years$235,636$222,100$209,347$197,338$186,031$151,013
7 years$199,942$186,519$173,969$162,242$151,293$118,040
8 years$173,183$159,881$147,539$136,101$125,512$94,004
9 years$152,381$139,205$127,076$115,928$105,700$75,905
10 years$135,750$122,703$110,787$99,931$90,061$61,940
11 years$122,151$109,235$97,535$86,970$77,456$50,961
12 years$110,827$98,044$86,560$76,284$67,122$42,202
13 years$101,253$88,603$77,336$67,348$58,531$35,131
14 years$93,053$80,537$69,487$59,784$51,308$29,369
15 years$85,953$73,572$62,737$53,317$45,176$24,637
16 years$79,747$67,501$56,880$47,739$39,926$20,726
17 years$74,276$62,166$51,759$42,893$35,402$17,478
18 years$69,419$57,444$47,249$38,655$31,477$14,767
19 years$65,078$53,239$43,254$34,929$28,057$12,498
20 years$61,176$49,472$39,697$31,634$25,061$10,592
21 years$57,651$46,081$36,513$28,710$22,426$8,987
22 years$54,450$43,015$33,653$26,104$20,102$7,632
23 years$51,531$40,231$31,072$23,774$18,045$6,487
24 years$48,860$37,694$28,737$21,683$16,219$5,518
25 years$46,407$35,374$26,616$19,802$14,595$4,696
26 years$44,146$33,246$24,685$18,106$13,146$3,999
27 years$42,055$31,288$22,922$16,573$11,853$3,407
28 years$40,118$29,483$21,309$15,184$10,695$2,903
29 years$38,318$27,814$19,830$13,924$9,657$2,475
30 years$36,640$26,267$18,471$12,779$8,726$2,110
31 years$35,074$24,831$17,220$11,737$7,889$1,800
32 years$33,609$23,495$16,066$10,786$7,136$1,535
33 years$32,235$22,250$15,001$9,919$6,458$1,310
34 years$30,945$21,088$14,016$9,126$5,847$1,118
35 years$29,732$20,002$13,104$8,401$5,296$954
36 years$28,588$18,985$12,259$7,737$4,798$814
37 years$27,509$18,031$11,474$7,129$4,349$695
38 years$26,489$17,136$10,745$6,571$3,943$593
39 years$25,524$16,295$10,067$6,059$3,575$506
40 years$24,609$15,503$9,436$5,588$3,243$432
41 years$23,741$14,757$8,848$5,156$2,942$369
42 years$22,917$14,054$8,299$4,758$2,670$315
43 years$22,133$13,391$7,788$4,392$2,423$269
44 years$21,387$12,764$7,310$4,056$2,199$230
45 years$20,676$12,172$6,864$3,745$1,997$196
46 years$19,997$11,612$6,447$3,460$1,813$167
47 years$19,350$11,081$6,057$3,196$1,646$143
48 years$18,732$10,578$5,692$2,954$1,495$122
49 years$18,140$10,102$5,350$2,730$1,358$104
50 years$17,574$9,650$5,030$2,523$1,233$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,000,000, adding $2,334 every year, while hoping to spend $44,259 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: 46/28/26 Blend
58$18,000,000$18,000,000$18,000,000$18,000,000
59$19,838,408$18,884,408$18,605,408$20,602,506
60$21,814,834$19,762,652$19,181,597$22,020,615
61$23,991,372$20,682,448$19,775,606$23,553,827
62$26,388,388$21,645,783$20,387,984$25,216,531
63$29,028,320$22,654,743$21,019,299$27,020,867
64$31,935,898$23,711,515$21,670,134$28,980,170
65$35,138,369$24,818,388$22,341,094$31,109,088
66$38,665,760$25,977,767$23,032,798$33,423,714
67$42,551,158$27,192,168$23,745,887$35,941,732
68$46,831,024$28,464,232$24,481,022$38,682,578
69$51,545,535$29,796,726$25,238,883$41,667,615
70$56,738,965$31,192,551$26,020,171$44,920,326
71$62,460,103$32,654,749$26,825,610$48,466,531
72$68,762,710$34,186,508$27,655,944$52,334,621
73$75,706,030$35,791,171$28,511,942$56,555,815
74$83,355,350$37,472,243$29,394,397$61,164,451
75$91,782,609$39,233,397$30,304,123$66,198,295
76$101,067,088$41,078,486$31,241,964$71,698,893
77$111,296,147$43,011,548$32,208,785$77,711,950
78$122,566,056$45,036,816$33,205,482$84,287,751
79$134,982,904$47,158,730$34,232,976$91,481,626
80$148,663,596$49,381,944$35,292,217$99,354,459
81$163,736,961$51,711,337$36,384,184$107,973,252
82$180,344,964$54,152,026$37,509,887$117,411,745
83$198,644,048$56,709,373$38,670,366$127,751,097
84$218,806,612$59,389,003$39,866,694$139,080,640
85$241,022,635$62,196,812$41,099,976$151,498,708
86$265,501,471$65,138,983$42,371,353$165,113,549
87$292,473,826$68,221,998$43,681,998$180,044,332
88$322,193,934$71,452,654$45,033,123$196,422,256
89$354,941,958$74,838,077$46,425,976$214,391,769
90$391,026,634$78,385,739$47,861,842$234,111,917
91$430,788,186$82,103,476$49,342,049$255,757,824
92$474,601,537$85,999,502$50,867,963$279,522,326
93$522,879,847$90,082,431$52,440,994$305,617,771
94$576,078,417$94,361,296$54,062,593$334,278,005
95$634,698,983$98,845,567$55,734,258$365,760,551
96$699,294,455$103,545,176$57,457,531$400,349,022
97$770,474,135$108,470,535$59,234,003$438,355,771
98$848,909,469$113,632,563$61,065,314$480,124,817
99$935,340,386$119,042,710$62,953,154$526,035,062
100$1,030,582,285$124,712,982$64,899,264$576,503,842