Can I retire at age 59 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,416,685
2 years$756,293$742,208$728,557$715,322$702,484$644,241
3 years$499,187$485,041$471,425$458,314$445,685$389,563
4 years$370,659$356,557$343,077$330,189$317,866$264,293
5 years$293,563$279,545$266,242$253,617$241,637$190,748
6 years$242,182$228,269$215,163$202,820$191,199$143,028
7 years$205,496$191,700$178,801$166,749$155,496$110,025
8 years$177,994$164,322$151,638$139,882$128,999$86,182
9 years$156,614$143,072$130,605$119,148$108,636$68,407
10 years$139,521$126,111$113,865$102,707$92,563$54,845
11 years$125,544$112,269$100,245$89,386$79,607$44,311
12 years$113,906$100,767$88,965$78,403$68,986$36,017
13 years$104,065$91,064$79,484$69,218$60,157$29,416
14 years$95,638$82,775$71,417$61,444$52,733$24,116
15 years$88,341$75,616$64,480$54,798$46,431$19,832
16 years$81,962$69,376$58,460$49,065$41,036$16,349
17 years$76,340$63,893$53,197$44,085$36,385$13,506
18 years$71,347$59,040$48,562$39,729$32,352$11,175
19 years$66,886$54,718$44,456$35,899$28,836$9,260
20 years$62,876$50,846$40,799$32,513$25,757$7,681
21 years$59,252$47,361$37,528$29,508$23,049$6,377
22 years$55,962$44,210$34,587$26,829$20,660$5,299
23 years$52,963$41,349$31,935$24,434$18,546$4,406
24 years$50,218$38,741$29,535$22,285$16,670$3,665
25 years$47,696$36,357$27,355$20,352$15,000$3,050
26 years$45,372$34,169$25,371$18,609$13,512$2,539
27 years$43,224$32,157$23,559$17,033$12,182$2,115
28 years$41,232$30,302$21,901$15,606$10,992$1,762
29 years$39,382$28,586$20,381$14,311$9,925$1,468
30 years$37,658$26,997$18,984$13,134$8,968$1,223
31 years$36,048$25,521$17,698$12,063$8,108$1,019
32 years$34,543$24,148$16,513$11,086$7,334$850
33 years$33,131$22,868$15,418$10,194$6,638$708
34 years$31,805$21,674$14,406$9,380$6,010$590
35 years$30,558$20,557$13,468$8,635$5,443$492
36 years$29,382$19,512$12,599$7,952$4,932$410
37 years$28,273$18,532$11,793$7,327$4,470$342
38 years$27,225$17,612$11,043$6,753$4,052$285
39 years$26,233$16,747$10,346$6,227$3,675$238
40 years$25,292$15,934$9,698$5,743$3,333$198
41 years$24,400$15,167$9,093$5,299$3,024$165
42 years$23,553$14,445$8,530$4,890$2,744$138
43 years$22,748$13,763$8,004$4,514$2,490$115
44 years$21,981$13,119$7,513$4,168$2,260$96
45 years$21,250$12,510$7,055$3,850$2,052$80
46 years$20,553$11,934$6,626$3,556$1,863$67
47 years$19,888$11,389$6,225$3,285$1,692$56
48 years$19,252$10,872$5,850$3,036$1,536$46
49 years$18,644$10,382$5,498$2,805$1,395$39
50 years$18,062$9,918$5,169$2,593$1,267$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,500,000, adding $4,221 every year, while hoping to spend $50,355 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: 80/11/9 Blend
58$18,500,000$18,500,000$18,500,000$18,500,000
59$20,391,354$19,410,854$19,124,104$21,995,273
60$22,417,695$20,308,408$19,711,184$23,945,085
61$24,649,035$21,248,255$20,316,244$26,077,115
62$27,106,230$22,232,414$20,939,832$28,415,100
63$29,812,264$23,263,001$21,582,515$30,979,600
64$32,792,461$24,342,234$22,244,875$33,793,251
65$36,074,728$25,472,439$22,927,514$36,880,979
66$39,689,815$26,656,054$23,631,051$40,270,234
67$43,671,608$27,895,632$24,356,123$43,991,243
68$48,057,447$29,193,853$25,103,388$48,077,296
69$52,888,479$30,553,524$25,873,524$52,565,055
70$58,210,045$31,977,588$26,667,228$57,494,897
71$64,072,109$33,469,129$27,485,220$62,911,295
72$70,529,730$35,031,383$28,328,241$68,863,229
73$77,643,580$36,667,738$29,197,054$75,404,651
74$85,480,517$38,381,748$30,092,447$82,594,986
75$94,114,215$40,177,140$31,015,230$90,499,693
76$103,625,864$42,057,819$31,966,239$99,190,874
77$114,104,929$44,027,878$32,946,334$108,747,956
78$125,649,999$46,091,612$33,956,404$119,258,433
79$138,369,717$48,253,519$34,997,361$130,818,689
80$152,383,804$50,518,317$36,070,149$143,534,902
81$167,824,189$52,890,952$37,175,736$157,524,042
82$184,836,257$55,376,609$38,315,124$172,914,973
83$203,580,217$57,980,724$39,489,342$189,849,657
84$224,232,616$60,708,997$40,699,452$208,484,496
85$246,988,007$63,567,402$41,946,548$228,991,799
86$272,060,784$66,562,205$43,231,757$251,561,403
87$299,687,204$69,699,973$44,556,241$276,402,459
88$330,127,620$72,987,593$45,921,196$303,745,400
89$363,668,936$76,432,284$47,327,856$333,844,110
90$400,627,318$80,041,616$48,777,489$366,978,311
91$441,351,176$83,823,527$50,271,406$403,456,201
92$486,224,453$87,786,337$51,810,956$443,617,349
93$535,670,251$91,938,771$53,397,527$487,835,899
94$590,154,825$96,289,979$55,032,552$536,524,089
95$650,191,980$100,849,551$56,717,505$590,136,136
96$716,347,928$105,627,545$58,453,908$649,172,514
97$789,246,628$110,634,506$60,243,325$714,184,668
98$869,575,679$115,881,491$62,087,371$785,780,211
99$958,092,808$121,380,095$63,987,709$864,628,650
100$1,055,633,028$127,142,473$65,946,050$951,467,693