Can I retire at age 59 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,528,920
2 years$793,086$778,316$764,001$750,121$736,659$718,478
3 years$523,472$508,638$494,359$480,610$467,367$449,632
4 years$388,691$373,903$359,767$346,252$333,330$316,178
5 years$307,844$293,144$279,194$265,955$253,392$236,873
6 years$253,964$239,374$225,630$212,686$200,500$184,635
7 years$215,493$201,026$187,500$174,861$163,061$147,854
8 years$186,653$172,317$159,015$146,687$135,274$120,726
9 years$164,233$150,033$136,959$124,945$113,921$100,025
10 years$146,308$132,246$119,404$107,703$97,066$83,814
11 years$131,652$117,731$105,121$93,734$83,480$70,859
12 years$119,447$105,669$93,293$82,218$72,342$60,339
13 years$109,128$95,494$83,351$72,586$63,084$51,684
14 years$100,290$86,801$74,891$64,434$55,299$44,486
15 years$92,638$79,295$67,617$57,463$48,689$38,446
16 years$85,949$72,751$61,304$51,452$43,032$33,340
17 years$80,053$67,001$55,784$46,229$38,155$28,996
18 years$74,818$61,912$50,924$41,662$33,926$25,281
19 years$70,140$57,380$46,619$37,645$30,239$22,088
20 years$65,934$53,320$42,784$34,095$27,010$19,334
21 years$62,135$49,665$39,353$30,943$24,171$16,950
22 years$58,685$46,361$36,270$28,135$21,666$14,881
23 years$55,539$43,360$33,489$25,623$19,448$13,079
24 years$52,661$40,626$30,972$23,369$17,481$11,508
25 years$50,016$38,125$28,686$21,342$15,730$10,134
26 years$47,579$35,832$26,605$19,514$14,169$8,932
27 years$45,326$33,722$24,705$17,862$12,774$7,877
28 years$43,238$31,776$22,966$16,365$11,527$6,952
29 years$41,298$29,977$21,372$15,007$10,408$6,138
30 years$39,490$28,310$19,907$13,773$9,404$5,422
31 years$37,802$26,762$18,559$12,649$8,503$4,792
32 years$36,223$25,323$17,316$11,625$7,691$4,236
33 years$34,743$23,981$16,168$10,690$6,961$3,747
34 years$33,352$22,728$15,106$9,836$6,302$3,314
35 years$32,044$21,558$14,123$9,055$5,708$2,932
36 years$30,812$20,461$13,212$8,339$5,172$2,595
37 years$29,648$19,434$12,366$7,683$4,687$2,297
38 years$28,549$18,469$11,581$7,082$4,249$2,034
39 years$27,509$17,562$10,850$6,530$3,854$1,801
40 years$26,523$16,709$10,169$6,023$3,495$1,595
41 years$25,587$15,905$9,536$5,557$3,171$1,413
42 years$24,699$15,148$8,945$5,128$2,877$1,251
43 years$23,854$14,433$8,393$4,734$2,611$1,109
44 years$23,050$13,757$7,879$4,371$2,370$982
45 years$22,284$13,119$7,398$4,037$2,152$870
46 years$21,553$12,515$6,948$3,729$1,954$771
47 years$20,855$11,943$6,528$3,445$1,774$683
48 years$20,189$11,401$6,134$3,183$1,611$605
49 years$19,551$10,887$5,766$2,942$1,463$537
50 years$18,941$10,400$5,421$2,719$1,329$476

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,400,000, adding $3,394 every year, while hoping to spend $42,916 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: 63/18/19 Blend
58$19,400,000$19,400,000$19,400,000$19,400,000
59$21,382,301$20,354,101$20,053,401$22,625,646
60$23,517,633$21,305,790$20,679,528$24,414,674
61$25,869,331$22,302,673$21,325,191$26,362,496
62$28,459,419$23,346,919$21,991,001$28,488,724
63$31,312,165$24,440,804$22,677,584$30,810,761
64$34,454,312$25,586,710$23,385,590$33,347,751
65$37,915,330$26,787,137$24,115,686$36,120,757
66$41,727,693$28,044,705$24,868,560$39,152,953
67$45,927,183$29,362,162$25,644,923$42,469,842
68$50,553,235$30,742,387$26,445,507$46,099,488
69$55,649,301$32,188,399$27,271,067$50,072,776
70$61,263,264$33,703,365$28,122,382$54,423,701
71$67,447,889$35,290,603$29,000,254$59,189,681
72$74,261,324$36,953,592$29,905,512$64,411,903
73$81,767,641$38,695,980$30,839,010$70,135,709
74$90,037,451$40,521,594$31,801,627$76,411,014
75$99,148,560$42,434,441$32,794,271$83,292,774
76$109,186,713$44,438,728$33,817,878$90,841,494
77$120,246,394$46,538,863$34,873,414$99,123,794
78$132,431,726$48,739,467$35,961,873$108,213,029
79$145,857,449$51,045,387$37,084,282$118,189,977
80$160,650,002$53,461,704$38,241,699$129,143,586
81$176,948,720$55,993,746$39,435,214$141,171,812
82$194,907,150$58,647,099$40,665,954$154,382,530
83$214,694,493$61,427,621$41,935,077$168,894,547
84$236,497,210$64,341,454$43,243,781$184,838,708
85$260,520,777$67,395,036$44,593,299$202,359,125
86$286,991,624$70,595,120$45,984,902$221,614,526
87$316,159,276$73,948,787$47,419,902$242,779,739
88$348,298,705$77,463,461$48,899,652$266,047,335
89$383,712,928$81,146,926$50,425,546$291,629,430
90$422,735,866$85,007,345$51,999,022$319,759,676
91$465,735,497$89,053,278$53,621,561$350,695,452
92$513,117,329$93,293,699$55,294,694$384,720,282
93$565,328,227$97,738,021$57,019,997$422,146,494
94$622,860,633$102,396,111$58,799,094$463,318,154
95$686,257,216$107,278,319$60,633,663$508,614,298
96$756,115,992$112,395,497$62,525,430$558,452,492
97$833,095,971$117,759,023$64,476,179$613,292,760
98$917,923,375$123,380,831$66,487,746$673,641,905
99$1,011,398,501$129,273,433$68,562,027$740,058,275
100$1,114,403,268$135,449,951$70,700,975$813,157,012