Can I retire at age 59 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,476,080
2 years$780,822$766,280$752,186$738,521$725,267$678,346
3 years$515,377$500,772$486,714$473,178$460,139$414,749
4 years$382,681$368,121$354,203$340,898$328,175$284,663
5 years$303,084$288,611$274,876$261,842$249,474$207,958
6 years$250,036$235,673$222,141$209,397$197,400$157,916
7 years$212,160$197,918$184,600$172,157$160,539$123,085
8 years$183,766$169,652$156,556$144,418$133,183$97,734
9 years$161,694$147,712$134,841$123,012$112,159$78,678
10 years$144,046$130,201$117,558$106,038$95,565$64,002
11 years$129,616$115,911$103,496$92,285$82,189$52,488
12 years$117,600$104,035$91,850$80,946$71,223$43,323
13 years$107,440$94,017$82,062$71,463$62,108$35,942
14 years$98,740$85,459$73,733$63,437$54,444$29,943
15 years$91,206$78,068$66,571$56,575$47,936$25,030
16 years$84,620$71,626$60,356$50,657$42,366$20,981
17 years$78,815$65,965$54,922$45,515$37,565$17,628
18 years$73,661$60,955$50,137$41,018$33,401$14,839
19 years$69,055$56,492$45,898$37,063$29,771$12,512
20 years$64,915$52,495$42,123$33,568$26,592$10,563
21 years$61,174$48,897$38,745$30,465$23,797$8,928
22 years$57,777$45,644$35,709$27,700$21,331$7,553
23 years$54,681$42,690$32,971$25,226$19,148$6,395
24 years$51,846$39,998$30,493$23,008$17,210$5,418
25 years$49,243$37,536$28,242$21,012$15,487$4,593
26 years$46,843$35,278$26,193$19,213$13,950$3,895
27 years$44,626$33,200$24,323$17,586$12,577$3,305
28 years$42,570$31,284$22,611$16,112$11,348$2,805
29 years$40,659$29,513$21,042$14,775$10,247$2,381
30 years$38,879$27,872$19,600$13,560$9,259$2,022
31 years$37,218$26,348$18,272$12,454$8,371$1,717
32 years$35,663$24,931$17,048$11,445$7,572$1,459
33 years$34,205$23,610$15,918$10,525$6,853$1,240
34 years$32,836$22,377$14,873$9,684$6,205$1,053
35 years$31,549$21,224$13,905$8,915$5,620$895
36 years$30,335$20,145$13,008$8,210$5,092$761
37 years$29,190$19,133$12,175$7,564$4,615$647
38 years$28,108$18,183$11,401$6,972$4,184$550
39 years$27,083$17,290$10,682$6,429$3,794$467
40 years$26,113$16,450$10,012$5,930$3,441$397
41 years$25,192$15,659$9,388$5,471$3,122$338
42 years$24,317$14,913$8,806$5,049$2,833$287
43 years$23,485$14,209$8,264$4,661$2,571$244
44 years$22,694$13,545$7,757$4,303$2,334$208
45 years$21,939$12,916$7,283$3,974$2,119$176
46 years$21,220$12,321$6,841$3,671$1,924$150
47 years$20,533$11,758$6,427$3,392$1,747$128
48 years$19,876$11,225$6,039$3,134$1,586$108
49 years$19,249$10,719$5,677$2,896$1,441$92
50 years$18,648$10,239$5,337$2,677$1,309$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,100,000, adding $3,575 every year, while hoping to spend $28,375 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: 60/34/6 Blend
58$19,100,000$19,100,000$19,100,000$19,100,000
59$21,051,888$20,039,588$19,743,538$22,290,830
60$23,168,989$20,991,337$20,374,755$24,071,956
61$25,501,084$21,988,770$21,026,168$26,010,152
62$28,070,072$23,034,097$21,698,422$28,123,358
63$30,900,085$24,129,633$22,392,184$30,428,397
64$34,017,715$25,277,807$23,108,144$32,943,762
65$37,452,267$26,481,165$23,847,012$35,689,780
66$41,236,033$27,742,376$24,609,521$38,688,802
67$45,404,598$29,064,242$25,396,429$41,965,401
68$49,997,174$30,449,697$26,208,517$45,546,601
69$55,056,974$31,901,821$27,046,591$49,462,121
70$60,631,617$33,423,841$27,911,483$53,744,651
71$66,773,576$35,019,144$28,804,052$58,430,148
72$73,540,678$36,691,279$29,725,185$63,558,165
73$80,996,644$38,443,969$30,675,796$69,172,222
74$89,211,696$40,281,117$31,656,829$75,320,199
75$98,263,214$42,206,817$32,669,258$82,054,781
76$108,236,474$44,225,363$33,714,090$89,433,946
77$119,225,443$46,341,255$34,792,361$97,521,495
78$131,333,677$48,559,214$35,905,143$106,387,648
79$144,675,288$50,884,192$37,053,541$116,109,693
80$159,376,029$53,321,379$38,238,697$126,772,699
81$175,574,477$55,876,220$39,461,787$138,470,307
82$193,423,343$58,554,424$40,724,026$151,305,603
83$213,090,912$61,361,979$42,026,668$165,392,069
84$234,762,632$64,305,163$43,371,009$180,854,644
85$258,642,866$67,390,561$44,758,383$197,830,883
86$284,956,818$70,625,078$46,190,169$216,472,242
87$313,952,663$74,015,957$47,667,789$236,945,483
88$345,903,888$77,570,792$49,192,713$259,434,236
89$381,111,871$81,297,548$50,766,456$284,140,708
90$419,908,731$85,204,576$52,390,581$311,287,571
91$462,660,459$89,300,638$54,066,703$341,120,044
92$509,770,376$93,594,920$55,796,488$373,908,183
93$561,682,939$98,097,055$57,581,655$409,949,404
94$618,887,937$102,817,149$59,423,978$449,571,271
95$681,925,115$107,765,798$61,325,290$493,134,557
96$751,389,269$112,954,114$63,287,479$541,036,620
97$827,935,863$118,393,754$65,312,498$593,715,133
98$912,287,212$124,096,940$67,402,358$651,652,175
99$1,005,239,309$130,076,491$69,559,139$715,378,758
100$1,107,669,333$136,345,853$71,784,984$785,479,799