Can I retire at age 59 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,541,963
2 years$809,438$794,363$779,753$765,588$751,848$714,865
3 years$534,265$519,125$504,552$490,519$477,003$441,109
4 years$396,706$381,612$367,185$353,392$340,203$305,674
5 years$314,192$299,188$284,950$271,439$258,617$225,550
6 years$259,200$244,310$230,282$217,072$204,634$173,064
7 years$219,936$205,171$191,366$178,467$166,423$136,353
8 years$190,501$175,869$162,293$149,711$138,064$109,483
9 years$167,619$153,126$139,783$127,521$116,270$89,155
10 years$149,325$134,973$121,866$109,924$99,067$73,390
11 years$134,366$120,159$107,289$95,667$85,201$60,925
12 years$121,910$107,848$95,216$83,913$73,834$50,919
13 years$111,378$97,463$85,069$74,082$64,384$42,788
14 years$102,358$88,591$76,435$65,762$56,439$36,116
15 years$94,548$80,930$69,011$58,648$49,693$30,596
16 years$87,721$74,251$62,569$52,513$43,919$25,998
17 years$81,704$68,383$56,935$47,183$38,942$22,147
18 years$76,361$63,189$51,974$42,521$34,625$18,907
19 years$71,586$58,563$47,580$38,421$30,862$16,170
20 years$67,294$54,419$43,666$34,798$27,567$13,851
21 years$63,416$50,689$40,165$31,581$24,669$11,879
22 years$59,895$47,317$37,018$28,715$22,112$10,199
23 years$56,685$44,254$34,179$26,151$19,849$8,765
24 years$53,746$41,463$31,610$23,851$17,841$7,539
25 years$51,047$38,911$29,277$21,782$16,054$6,488
26 years$48,560$36,570$27,153$19,917$14,461$5,587
27 years$46,261$34,417$25,214$18,230$13,038$4,814
28 years$44,130$32,431$23,440$16,703$11,764$4,150
29 years$42,149$30,595$21,813$15,317$10,623$3,578
30 years$40,304$28,894$20,318$14,057$9,598$3,087
31 years$38,582$27,314$18,942$12,910$8,678$2,663
32 years$36,970$25,845$17,673$11,865$7,850$2,298
33 years$35,459$24,475$16,501$10,911$7,104$1,984
34 years$34,040$23,197$15,418$10,039$6,432$1,713
35 years$32,705$22,002$14,415$9,241$5,826$1,479
36 years$31,447$20,883$13,485$8,511$5,278$1,277
37 years$30,260$19,834$12,621$7,842$4,784$1,103
38 years$29,138$18,850$11,819$7,228$4,337$953
39 years$28,076$17,924$11,073$6,664$3,933$823
40 years$27,070$17,053$10,379$6,147$3,567$711
41 years$26,115$16,233$9,732$5,671$3,236$614
42 years$25,208$15,460$9,129$5,234$2,937$531
43 years$24,346$14,730$8,567$4,832$2,665$459
44 years$23,525$14,041$8,041$4,461$2,419$396
45 years$22,743$13,389$7,550$4,120$2,196$342
46 years$21,997$12,773$7,092$3,806$1,994$296
47 years$21,285$12,189$6,662$3,516$1,811$256
48 years$20,605$11,636$6,261$3,249$1,644$221
49 years$19,954$11,112$5,885$3,003$1,493$191
50 years$19,332$10,615$5,533$2,775$1,357$165

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $19,800,000, adding $5,394 every year, while hoping to spend $44,000 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: 42/28/30 Blend
58$19,800,000$19,800,000$19,800,000$19,800,000
59$21,825,164$20,775,764$20,468,864$22,549,817
60$24,004,515$21,746,961$21,107,755$24,045,345
61$26,404,685$22,764,271$21,766,575$25,659,409
62$29,048,152$23,829,909$22,445,943$27,406,650
63$31,959,682$24,946,194$23,146,502$29,299,411
64$35,166,571$26,115,559$23,868,911$31,351,244
65$38,698,893$27,340,553$24,613,851$33,577,028
66$42,589,789$28,623,849$25,382,024$35,993,108
67$46,875,781$29,968,251$26,174,155$38,617,432
68$51,597,111$31,376,696$26,990,990$41,469,723
69$56,798,128$32,852,265$27,833,299$44,571,649
70$62,527,698$34,398,187$28,701,876$47,947,024
71$68,839,674$36,017,849$29,597,539$51,622,020
72$75,793,397$37,714,800$30,521,133$55,625,408
73$83,454,260$39,492,761$31,473,528$59,988,818
74$91,894,324$41,355,636$32,455,621$64,747,025
75$101,192,998$43,307,516$33,468,337$69,938,274
76$111,437,788$45,352,689$34,512,631$75,604,621
77$122,725,126$47,495,653$35,589,487$81,792,324
78$135,161,272$49,741,124$36,699,919$88,552,266
79$148,863,329$52,094,046$37,844,973$95,940,422
80$163,960,337$54,559,603$39,025,728$104,018,375
81$180,594,498$57,143,230$40,243,297$112,853,883
82$198,922,515$59,850,627$41,498,825$122,521,503
83$219,117,072$62,687,768$42,793,496$133,103,284
84$241,368,464$65,660,919$44,128,529$144,689,520
85$265,886,394$68,776,651$45,505,181$157,379,589
86$292,901,951$72,041,851$46,924,750$171,282,875
87$322,669,792$75,463,744$48,388,570$186,519,778
88$355,470,545$79,049,902$49,898,022$203,222,837
89$391,613,461$82,808,267$51,454,526$221,537,960
90$431,439,329$86,747,167$53,059,548$241,625,777
91$475,323,696$90,875,335$54,714,599$263,663,140
92$523,680,413$95,201,925$56,421,237$287,844,769
93$576,965,535$99,736,540$58,181,069$314,385,063
94$635,681,637$104,489,247$59,995,751$343,520,104
95$700,382,547$109,470,604$61,866,993$375,509,858
96$771,678,584$114,691,681$63,796,554$410,640,602
97$850,242,313$120,164,087$65,786,252$449,227,599
98$936,814,897$125,899,994$67,837,959$491,618,046
99$1,032,213,092$131,912,169$69,953,606$538,194,318
100$1,137,336,959$138,213,998$72,135,184$589,377,550