Can I retire at age 59 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,444,009
2 years$764,470$750,232$736,434$723,055$710,078$662,998
3 years$504,584$490,285$476,521$463,268$450,503$404,974
4 years$374,667$360,411$346,785$333,759$321,302$277,674
5 years$296,736$282,567$269,120$256,359$244,249$202,638
6 years$244,800$230,737$217,489$205,012$193,266$153,708
7 years$207,717$193,773$180,734$168,552$157,177$119,669
8 years$179,918$166,099$153,277$141,394$130,393$94,910
9 years$158,307$144,619$132,017$120,436$109,810$76,311
10 years$141,029$127,475$115,096$103,817$93,564$61,999
11 years$126,902$113,483$101,328$90,352$80,468$50,780
12 years$115,137$101,856$89,926$79,251$69,732$41,857
13 years$105,190$92,048$80,343$69,967$60,807$34,679
14 years$96,672$83,669$72,189$62,109$53,303$28,851
15 years$89,296$76,434$65,177$55,390$46,933$24,083
16 years$82,848$70,126$59,092$49,596$41,479$20,158
17 years$77,165$64,584$53,772$44,561$36,778$16,912
18 years$72,119$59,678$49,087$40,159$32,702$14,215
19 years$67,609$55,309$44,936$36,287$29,148$11,967
20 years$63,555$51,396$41,240$32,865$26,035$10,088
21 years$59,893$47,873$37,933$29,827$23,299$8,513
22 years$56,567$44,688$34,961$27,119$20,884$7,191
23 years$53,535$41,796$32,281$24,698$18,747$6,079
24 years$50,760$39,160$29,854$22,526$16,850$5,142
25 years$48,211$36,750$27,651$20,572$15,162$4,352
26 years$45,862$34,539$25,645$18,810$13,658$3,685
27 years$43,691$32,505$23,813$17,217$12,314$3,121
28 years$41,678$30,629$22,138$15,775$11,111$2,645
29 years$39,808$28,895$20,601$14,466$10,033$2,242
30 years$38,065$27,288$19,189$13,276$9,065$1,900
31 years$36,438$25,797$17,889$12,193$8,196$1,611
32 years$34,916$24,409$16,691$11,206$7,414$1,367
33 years$33,489$23,116$15,585$10,305$6,709$1,159
34 years$32,149$21,908$14,561$9,481$6,075$983
35 years$30,888$20,780$13,614$8,728$5,502$834
36 years$29,700$19,723$12,735$8,038$4,985$708
37 years$28,579$18,732$11,920$7,406$4,518$601
38 years$27,519$17,802$11,163$6,826$4,096$510
39 years$26,516$16,928$10,458$6,294$3,714$433
40 years$25,566$16,106$9,802$5,806$3,369$367
41 years$24,664$15,331$9,192$5,356$3,057$312
42 years$23,808$14,601$8,622$4,943$2,774$264
43 years$22,993$13,912$8,091$4,563$2,517$224
44 years$22,218$13,261$7,594$4,213$2,285$191
45 years$21,480$12,645$7,131$3,891$2,074$162
46 years$20,775$12,063$6,698$3,594$1,883$137
47 years$20,103$11,512$6,292$3,321$1,710$117
48 years$19,460$10,990$5,913$3,068$1,553$99
49 years$18,846$10,495$5,558$2,836$1,410$84
50 years$18,258$10,025$5,225$2,621$1,281$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $18,700,000, adding $3,154 every year, while hoping to spend $23,826 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: 66/20/14 Blend
58$18,700,000$18,700,000$18,700,000$18,700,000
59$20,610,653$19,619,553$19,329,703$21,903,271
60$22,687,589$20,555,561$19,951,898$23,702,608
61$24,975,574$21,536,634$20,594,137$25,665,525
62$27,496,110$22,564,956$21,257,068$27,810,490
63$30,272,890$23,642,816$21,941,357$30,155,313
64$33,332,026$24,772,615$22,647,693$32,719,587
65$36,702,290$25,956,871$23,376,788$35,524,870
66$40,415,388$27,198,222$24,129,375$38,594,884
67$44,506,260$28,499,437$24,906,212$41,955,732
68$49,013,409$29,863,420$25,708,080$45,636,139
69$53,979,264$31,293,215$26,535,788$49,667,720
70$59,450,580$32,792,014$27,390,168$54,085,272
71$65,478,882$34,363,165$28,272,081$58,927,097
72$72,120,947$36,010,179$29,182,415$64,235,356
73$79,439,345$37,736,739$30,122,087$70,056,461
74$87,503,023$39,546,704$31,092,043$76,441,507
75$96,387,965$41,444,126$32,093,259$83,446,748
76$106,177,898$43,433,249$33,126,744$91,134,120
77$116,965,094$45,518,528$34,193,540$99,571,816
78$128,851,230$47,704,633$35,294,720$108,834,926
79$141,948,357$49,996,461$36,431,394$119,006,133
80$156,379,951$52,399,149$37,604,708$130,176,489
81$172,282,082$54,918,084$38,815,842$142,446,260
82$189,804,700$57,558,916$40,066,018$155,925,870
83$209,113,045$60,327,568$41,356,495$170,736,927
84$230,389,211$63,230,254$42,688,573$187,013,364
85$253,833,865$66,273,491$44,063,595$204,902,690
86$279,668,140$69,464,113$45,482,947$224,567,375
87$308,135,722$72,809,287$46,948,057$246,186,368
88$339,505,153$76,316,529$48,460,405$269,956,774
89$374,072,363$79,993,724$50,021,513$296,095,705
90$412,163,466$83,849,138$51,632,955$324,842,312
91$454,137,836$87,891,442$53,296,355$356,460,029
92$500,391,503$92,129,731$55,013,391$391,239,048
93$551,360,890$96,573,541$56,785,793$429,499,039
94$607,526,933$101,232,876$58,615,349$471,592,154
95$669,419,619$106,118,226$60,503,902$517,906,332
96$737,622,995$111,240,594$62,453,358$568,868,944
97$812,780,676$116,611,519$64,465,682$624,950,811
98$895,601,926$122,243,104$66,542,902$686,670,628
99$986,868,347$128,148,041$68,687,115$754,599,836
100$1,087,441,267$134,339,644$70,900,482$829,368,001