Can I retire at age 59 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,508,077
2 years$801,262$786,339$771,877$757,855$744,253$689,564
3 years$528,869$513,882$499,455$485,565$472,185$419,380
4 years$392,699$377,757$363,476$349,822$336,766$286,249
5 years$311,018$296,166$282,072$268,697$256,004$207,907
6 years$256,582$241,842$227,956$214,879$202,567$156,927
7 years$217,714$203,099$189,433$176,664$164,742$121,549
8 years$188,577$174,093$160,654$148,199$136,669$95,890
9 years$165,926$151,579$138,371$126,233$115,095$76,676
10 years$147,817$133,610$120,635$108,814$98,067$61,943
11 years$133,009$118,945$106,205$94,701$84,341$50,439
12 years$120,678$106,759$94,254$83,065$73,088$41,328
13 years$110,253$96,479$84,210$73,334$63,734$34,032
14 years$101,324$87,696$75,663$65,098$55,869$28,136
15 years$93,593$80,112$68,314$58,056$49,191$23,336
16 years$86,835$73,501$61,936$51,983$43,475$19,407
17 years$80,879$67,692$56,360$46,706$38,548$16,174
18 years$75,590$62,550$51,449$42,092$34,275$13,504
19 years$70,863$57,971$47,099$38,033$30,550$11,291
20 years$66,614$53,870$43,225$34,446$27,288$9,453
21 years$62,775$50,177$39,759$31,262$24,420$7,922
22 years$59,290$46,839$36,644$28,425$21,889$6,645
23 years$56,112$43,807$33,834$25,887$19,649$5,577
24 years$53,204$41,045$31,291$23,610$17,661$4,684
25 years$50,532$38,518$28,982$21,562$15,892$3,936
26 years$48,070$36,201$26,879$19,715$14,315$3,308
27 years$45,794$34,069$24,960$18,046$12,906$2,782
28 years$43,684$32,103$23,203$16,534$11,645$2,340
29 years$41,724$30,286$21,592$15,162$10,516$1,969
30 years$39,897$28,602$20,113$13,915$9,501$1,657
31 years$38,192$27,038$18,750$12,780$8,590$1,395
32 years$36,596$25,584$17,494$11,745$7,770$1,174
33 years$35,101$24,228$16,335$10,800$7,032$988
34 years$33,696$22,963$15,262$9,937$6,367$832
35 years$32,375$21,780$14,269$9,148$5,767$701
36 years$31,129$20,672$13,348$8,425$5,225$590
37 years$29,954$19,634$12,494$7,763$4,736$497
38 years$28,843$18,659$11,700$7,155$4,293$419
39 years$27,792$17,743$10,962$6,597$3,893$353
40 years$26,796$16,881$10,274$6,085$3,531$297
41 years$25,851$16,069$9,634$5,614$3,204$250
42 years$24,954$15,304$9,037$5,181$2,907$211
43 years$24,100$14,581$8,480$4,783$2,638$177
44 years$23,288$13,899$7,960$4,416$2,395$150
45 years$22,513$13,254$7,474$4,078$2,174$126
46 years$21,775$12,644$7,020$3,767$1,974$106
47 years$21,070$12,066$6,595$3,481$1,792$89
48 years$20,397$11,519$6,198$3,216$1,628$75
49 years$19,753$11,000$5,825$2,972$1,478$63
50 years$19,136$10,507$5,477$2,747$1,343$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,600,000, adding $4,742 every year, while hoping to spend $39,115 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: 64/12/24 Blend
58$19,600,000$19,600,000$19,600,000$19,600,000
59$21,604,091$20,565,291$20,261,491$22,850,965
60$23,766,091$21,531,373$20,898,633$24,659,111
61$26,147,303$22,543,481$21,555,808$26,629,046
62$28,770,046$23,603,830$22,233,647$28,780,529
63$31,658,915$24,714,742$22,932,798$31,131,360
64$34,841,009$25,878,649$23,653,932$33,701,124
65$38,346,193$27,098,104$24,397,739$36,511,377
66$42,207,375$28,375,781$25,164,934$39,585,841
67$46,460,818$29,714,485$25,956,250$42,950,629
68$51,146,484$31,117,157$26,772,446$46,634,482
69$56,308,407$32,586,880$27,614,305$50,669,040
70$61,995,114$34,126,886$28,482,633$55,089,133
71$68,260,077$35,740,564$29,378,263$59,933,110
72$75,162,222$37,431,469$30,302,052$65,243,188
73$82,766,484$39,203,327$31,254,886$71,065,855
74$91,144,418$41,060,043$32,237,678$77,452,295
75$100,374,878$43,005,714$33,251,370$84,458,872
76$110,544,758$45,044,636$34,296,932$92,147,651
77$121,749,812$47,181,312$35,375,368$100,586,982
78$134,095,560$49,420,464$36,487,711$109,852,137
79$147,698,284$51,767,043$37,635,026$120,026,015
80$162,686,122$54,226,242$38,818,412$131,199,916
81$179,200,282$56,803,503$40,039,005$143,474,397
82$197,396,372$59,504,536$41,297,972$156,960,215
83$217,445,870$62,335,326$42,596,522$171,779,362
84$239,537,740$65,302,149$43,935,897$188,066,211
85$263,880,222$68,411,587$45,317,382$205,968,774
86$290,702,791$71,670,540$46,742,301$225,650,095
87$320,258,325$75,086,246$48,212,017$247,289,772
88$352,825,495$78,666,293$49,727,941$271,085,652
89$388,711,392$82,418,638$51,291,524$297,255,681
90$428,254,428$86,351,626$52,904,264$326,039,957
91$471,827,530$90,474,005$54,567,707$357,702,983
92$519,841,660$94,794,953$56,283,446$392,536,153
93$572,749,694$99,324,090$58,053,126$430,860,490
94$631,050,699$104,071,507$59,878,442$473,029,668
95$695,294,643$109,047,784$61,761,143$519,433,335
96$766,087,588$114,264,017$63,703,033$570,500,776
97$844,097,410$119,731,842$65,705,973$626,704,959
98$930,060,104$125,463,460$67,771,880$688,566,979
99$1,024,786,732$131,471,667$69,902,736$756,660,963
100$1,129,171,082$137,769,882$72,100,581$831,619,478