Can I retire at age 59 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,475,539
2 years$784,910$770,292$756,124$742,388$729,064$673,762
3 years$518,075$503,394$489,263$475,655$462,548$409,179
4 years$384,684$370,048$356,058$342,683$329,893$278,863
5 years$304,671$290,122$276,316$263,213$250,780$202,223
6 years$251,346$236,907$223,304$210,494$198,433$152,385
7 years$213,271$198,954$185,567$173,059$161,380$117,829
8 years$184,728$170,540$157,375$145,175$133,880$92,789
9 years$162,540$148,486$135,547$123,656$112,746$74,061
10 years$144,800$130,883$118,173$106,593$96,065$59,717
11 years$130,295$116,517$104,038$92,768$82,619$48,532
12 years$118,216$104,580$92,331$81,370$71,596$39,686
13 years$108,003$94,510$82,492$71,837$62,433$32,613
14 years$99,257$85,907$74,119$63,769$54,729$26,906
15 years$91,683$78,477$66,919$56,871$48,187$22,269
16 years$85,063$72,001$60,672$50,922$42,588$18,479
17 years$79,228$66,311$55,209$45,753$37,762$15,367
18 years$74,047$61,274$50,399$41,233$33,576$12,801
19 years$69,417$56,788$46,138$37,257$29,927$10,679
20 years$65,255$52,770$42,343$33,743$26,731$8,920
21 years$61,494$49,153$38,947$30,624$23,921$7,458
22 years$58,080$45,883$35,896$27,845$21,442$6,241
23 years$54,967$42,913$33,144$25,359$19,248$5,226
24 years$52,118$40,207$30,652$23,128$17,300$4,378
25 years$49,501$37,732$28,390$21,122$15,568$3,670
26 years$47,089$35,462$26,330$19,313$14,023$3,078
27 years$44,859$33,374$24,450$17,678$12,643$2,582
28 years$42,793$31,448$22,730$16,197$11,408$2,166
29 years$40,872$29,668$21,152$14,853$10,301$1,818
30 years$39,083$28,018$19,702$13,631$9,308$1,526
31 years$37,412$26,486$18,368$12,519$8,415$1,282
32 years$35,850$25,062$17,137$11,505$7,612$1,076
33 years$34,384$23,734$16,001$10,580$6,889$904
34 years$33,008$22,494$14,951$9,735$6,237$759
35 years$31,714$21,335$13,978$8,961$5,649$638
36 years$30,494$20,250$13,076$8,253$5,118$536
37 years$29,343$19,233$12,239$7,604$4,639$450
38 years$28,255$18,278$11,461$7,009$4,206$378
39 years$27,225$17,381$10,738$6,463$3,814$318
40 years$26,249$16,537$10,065$5,961$3,459$267
41 years$25,324$15,741$9,437$5,500$3,138$224
42 years$24,444$14,991$8,853$5,075$2,848$188
43 years$23,608$14,284$8,307$4,685$2,584$158
44 years$22,812$13,615$7,798$4,326$2,346$133
45 years$22,054$12,984$7,322$3,995$2,130$112
46 years$21,331$12,386$6,877$3,690$1,934$94
47 years$20,640$11,820$6,460$3,410$1,756$79
48 years$19,980$11,284$6,071$3,151$1,595$66
49 years$19,350$10,775$5,706$2,912$1,448$56
50 years$18,746$10,293$5,365$2,691$1,315$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,200,000, adding $2,391 every year, while hoping to spend $54,969 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: 29/45/26 Blend
58$19,200,000$19,200,000$19,200,000$19,200,000
59$21,160,866$20,143,266$19,845,666$21,603,799
60$23,260,788$21,071,800$20,452,010$22,879,814
61$25,573,060$22,043,989$21,076,823$24,245,697
62$28,119,282$23,061,915$21,720,667$25,713,053
63$30,923,260$24,127,760$22,384,120$27,290,674
64$34,011,221$25,243,808$23,067,777$28,988,183
65$37,412,068$26,412,458$23,772,250$30,816,112
66$41,157,650$27,636,220$24,498,172$32,785,994
67$45,283,063$28,917,727$25,246,193$34,910,464
68$49,826,979$30,259,739$26,016,984$37,203,362
69$54,832,013$31,665,148$26,811,235$39,679,860
70$60,345,125$33,136,987$27,629,658$42,356,588
71$66,418,062$34,678,434$28,472,986$45,251,779
72$73,107,848$36,292,820$29,341,974$48,385,434
73$80,477,318$37,983,639$30,237,401$51,779,492
74$88,595,718$39,754,550$31,160,066$55,458,024
75$97,539,350$41,609,392$32,110,798$59,447,451
76$107,392,299$43,552,187$33,090,445$63,776,771
77$118,247,223$45,587,154$34,099,884$68,477,822
78$130,206,227$47,718,712$35,140,018$73,585,566
79$143,381,831$49,951,497$36,211,776$79,138,398
80$157,898,024$52,290,368$37,316,118$85,178,495
81$173,891,444$54,740,417$38,454,029$91,752,193
82$191,512,659$57,306,985$39,626,527$98,910,404
83$210,927,593$59,995,670$40,834,658$106,709,080
84$232,319,091$62,812,341$42,079,502$115,209,713
85$255,888,643$65,763,151$43,362,171$124,479,900
86$281,858,289$68,854,550$44,683,808$134,593,952
87$310,472,713$72,093,301$46,045,594$145,633,577
88$342,001,551$75,486,494$47,448,743$157,688,617
89$376,741,941$79,041,564$48,894,507$170,857,878
90$415,021,322$82,766,303$50,384,176$185,250,028
91$457,200,528$86,668,883$51,919,077$200,984,596
92$503,677,194$90,757,871$53,500,579$218,193,072
93$554,889,511$95,042,250$55,130,091$237,020,111
94$611,320,356$99,531,436$56,809,065$257,624,868
95$673,501,860$104,235,303$58,538,995$280,182,462
96$742,020,422$109,164,205$60,321,424$304,885,598
97$817,522,251$114,328,997$62,157,937$331,946,341
98$900,719,462$119,741,060$64,050,170$361,598,082
99$992,396,802$125,412,326$65,999,805$394,097,696
100$1,093,419,055$131,355,309$68,008,578$429,727,922