Can I retire at age 59 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,438,205
2 years$752,205$738,196$724,619$711,455$698,687$669,556
3 years$496,489$482,419$468,877$455,836$443,275$414,958
4 years$368,656$354,629$341,222$328,404$316,148$288,863
5 years$291,976$278,034$264,802$252,246$240,331$214,155
6 years$240,873$227,035$214,000$201,723$190,165$165,128
7 years$204,385$190,664$177,835$165,848$154,655$130,762
8 years$177,031$163,434$150,818$139,126$128,302$105,545
9 years$155,768$142,299$129,899$118,504$108,048$86,414
10 years$138,767$125,430$113,249$102,152$92,063$71,530
11 years$124,866$111,663$99,703$88,903$79,177$59,721
12 years$113,290$100,222$88,484$77,980$68,613$50,206
13 years$103,503$90,572$79,054$68,844$59,832$42,443
14 years$95,121$82,327$71,031$61,112$52,448$36,044
15 years$87,863$75,207$64,131$54,501$46,180$30,727
16 years$81,519$69,001$58,144$48,800$40,814$26,276
17 years$75,927$63,548$52,909$43,846$36,188$22,530
18 years$70,962$58,721$48,299$39,514$32,177$19,361
19 years$66,524$54,422$44,216$35,705$28,680$16,670
20 years$62,536$50,571$40,579$32,337$25,617$14,376
21 years$58,932$47,105$37,325$29,348$22,925$12,414
22 years$55,660$43,971$34,400$26,684$20,549$10,733
23 years$52,677$41,125$31,763$24,302$18,446$9,289
24 years$49,946$38,532$29,375$22,165$16,580$8,046
25 years$47,438$36,160$27,207$20,242$14,919$6,975
26 years$45,127$33,985$25,233$18,508$13,439$6,050
27 years$42,990$31,984$23,431$16,941$12,116$5,251
28 years$41,010$30,138$21,783$15,522$10,932$4,559
29 years$39,169$28,432$20,270$14,234$9,872$3,961
30 years$37,454$26,851$18,881$13,063$8,920$3,442
31 years$35,854$25,383$17,602$11,997$8,064$2,992
32 years$34,356$24,017$16,423$11,026$7,295$2,601
33 years$32,952$22,745$15,335$10,139$6,602$2,263
34 years$31,633$21,557$14,328$9,329$5,977$1,968
35 years$30,392$20,446$13,395$8,588$5,414$1,712
36 years$29,223$19,407$12,531$7,909$4,905$1,490
37 years$28,120$18,432$11,729$7,287$4,446$1,297
38 years$27,078$17,517$10,984$6,717$4,030$1,129
39 years$26,091$16,657$10,290$6,193$3,655$983
40 years$25,156$15,848$9,645$5,712$3,315$855
41 years$24,269$15,085$9,044$5,270$3,008$745
42 years$23,426$14,367$8,484$4,864$2,729$648
43 years$22,625$13,689$7,961$4,490$2,477$565
44 years$21,862$13,048$7,473$4,146$2,248$492
45 years$21,135$12,443$7,017$3,829$2,041$428
46 years$20,442$11,870$6,590$3,537$1,853$373
47 years$19,780$11,327$6,191$3,267$1,683$325
48 years$19,148$10,813$5,818$3,019$1,528$283
49 years$18,543$10,326$5,469$2,790$1,388$246
50 years$17,965$9,864$5,141$2,579$1,261$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,400,000, adding $5,664 every year, while hoping to spend $41,910 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: 78/12/10 Blend
58$18,400,000$18,400,000$18,400,000$18,400,000
59$20,282,642$19,307,442$19,022,242$21,829,999
60$22,306,880$20,208,915$19,614,896$23,749,159
61$24,536,185$21,153,155$20,225,998$25,847,524
62$26,991,431$22,142,215$20,856,124$28,147,709
63$29,695,617$23,178,243$21,505,864$30,669,818
64$32,674,088$24,263,495$22,175,829$33,435,982
65$35,954,773$25,400,335$22,866,647$36,470,570
66$39,568,448$26,591,239$23,578,968$39,800,416
67$43,549,026$27,838,806$24,313,459$43,455,065
68$47,933,877$29,145,758$25,070,811$47,467,054
69$52,764,183$30,514,951$25,851,734$51,872,214
70$58,085,324$31,949,378$26,656,960$56,710,004
71$63,947,305$33,452,175$27,487,247$62,023,881
72$70,405,233$35,026,635$28,343,372$67,861,707
73$77,519,831$36,676,204$29,226,140$74,276,194
74$85,358,016$38,404,501$30,136,378$81,325,402
75$93,993,528$40,215,315$31,074,941$89,073,281
76$103,507,625$42,112,623$32,042,709$97,590,268
77$113,989,853$44,100,592$33,040,590$106,953,954
78$125,538,889$46,183,591$34,069,520$117,249,802
79$138,263,471$48,366,203$35,130,464$128,571,958
80$152,283,429$50,653,231$36,224,418$141,024,128
81$167,730,810$53,049,711$37,352,408$154,720,558
82$184,751,130$55,560,924$38,515,491$169,787,100
83$203,504,744$58,192,408$39,714,759$186,362,398
84$224,168,360$60,949,968$40,951,335$204,599,192
85$246,936,707$63,839,691$42,226,380$224,665,750
86$272,024,377$66,867,961$43,541,089$246,747,452
87$299,667,842$70,041,470$44,896,695$271,048,531
88$330,127,696$73,367,236$46,294,468$297,793,999
89$363,691,108$76,852,617$47,735,719$327,231,755
90$400,674,534$80,505,329$49,221,799$359,634,926
91$441,426,709$84,333,463$50,754,102$395,304,430
92$486,331,932$88,345,501$52,334,062$434,571,814
93$535,813,698$92,550,339$53,963,162$477,802,369
94$590,338,695$96,957,306$55,642,928$525,398,576
95$650,421,210$101,576,182$57,374,934$577,803,887
96$716,627,982$106,417,224$59,160,804$635,506,910
97$789,583,555$111,491,186$61,002,210$699,046,003
98$869,976,171$116,809,348$62,900,877$769,014,351
99$958,564,270$122,383,536$64,858,586$846,065,550
100$1,056,183,647$128,226,150$66,877,170$930,919,768