Can I retire at age 59 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,242,499
2 years$654,092$641,910$630,104$618,657$607,554$574,168
3 years$431,730$419,495$407,719$396,379$385,457$353,093
4 years$320,570$308,373$296,715$285,569$274,911$243,819
5 years$253,892$241,768$230,263$219,344$208,983$179,248
6 years$209,455$197,422$186,087$175,411$165,361$137,012
7 years$177,726$165,795$154,639$144,215$134,483$107,522
8 years$153,940$142,117$131,146$120,979$111,567$85,981
9 years$135,450$123,738$112,956$103,047$93,955$69,721
10 years$120,667$109,069$98,478$88,828$80,054$57,143
11 years$108,579$97,098$86,698$77,307$68,850$47,226
12 years$98,513$87,150$76,942$67,808$59,664$39,289
13 years$90,002$78,758$68,743$59,865$52,028$32,861
14 years$82,714$71,589$61,766$53,141$45,607$27,604
15 years$76,403$65,398$55,766$47,392$40,156$23,271
16 years$70,886$60,001$50,560$42,435$35,490$19,675
17 years$66,023$55,259$46,008$38,127$31,468$16,676
18 years$61,706$51,062$41,999$34,360$27,980$14,163
19 years$57,847$47,323$38,448$31,048$24,939$12,050
20 years$54,379$43,975$35,286$28,120$22,276$10,267
21 years$51,245$40,961$32,456$25,520$19,935$8,758
22 years$48,400$38,236$29,913$23,204$17,869$7,479
23 years$45,806$35,761$27,620$21,132$16,040$6,392
24 years$43,431$33,506$25,544$19,274$14,417$5,467
25 years$41,250$31,444$23,659$17,602$12,973$4,679
26 years$39,241$29,552$21,942$16,094$11,686$4,007
27 years$37,383$27,812$20,375$14,731$10,536$3,433
28 years$35,661$26,207$18,941$13,497$9,506$2,942
29 years$34,060$24,723$17,627$12,377$8,584$2,523
30 years$32,569$23,348$16,418$11,359$7,756$2,163
31 years$31,177$22,072$15,306$10,433$7,012$1,856
32 years$29,875$20,885$14,281$9,588$6,343$1,592
33 years$28,654$19,778$13,334$8,817$5,741$1,366
34 years$27,507$18,745$12,459$8,112$5,197$1,173
35 years$26,428$17,779$11,648$7,468$4,708$1,007
36 years$25,412$16,875$10,897$6,878$4,265$864
37 years$24,452$16,028$10,199$6,337$3,866$742
38 years$23,546$15,232$9,551$5,841$3,505$637
39 years$22,688$14,484$8,948$5,385$3,178$547
40 years$21,875$13,780$8,387$4,967$2,883$470
41 years$21,103$13,118$7,864$4,583$2,615$404
42 years$20,370$12,493$7,377$4,230$2,373$347
43 years$19,674$11,903$6,922$3,904$2,154$298
44 years$19,010$11,346$6,498$3,605$1,955$256
45 years$18,378$10,820$6,101$3,329$1,775$220
46 years$17,776$10,322$5,731$3,075$1,611$189
47 years$17,200$9,850$5,384$2,841$1,463$162
48 years$16,650$9,403$5,059$2,625$1,329$139
49 years$16,125$8,979$4,755$2,426$1,207$120
50 years$15,622$8,577$4,471$2,243$1,096$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,000,000, adding $5,857 every year, while hoping to spend $42,462 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: 49/35/16 Blend
58$16,000,000$16,000,000$16,000,000$16,000,000
59$17,638,041$16,790,041$16,542,041$18,423,607
60$19,391,942$17,567,574$17,051,021$19,744,028
61$21,323,318$18,381,783$17,575,627$21,172,721
62$23,450,226$19,234,420$18,116,341$22,723,773
63$25,792,565$20,127,322$18,673,653$24,408,685
64$28,372,260$21,062,414$19,248,074$26,240,088
65$31,213,473$22,041,715$19,840,127$28,231,855
66$34,342,828$23,067,340$20,450,352$30,399,229
67$37,789,662$24,141,506$21,079,305$32,758,959
68$41,586,306$25,266,537$21,727,560$35,329,449
69$45,768,383$26,444,872$22,395,707$38,130,930
70$50,375,151$27,679,064$23,084,356$41,185,638
71$55,449,869$28,971,790$23,794,135$44,518,018
72$61,040,206$30,325,858$24,525,689$48,154,949
73$67,198,693$31,744,211$25,279,685$52,125,987
74$73,983,215$33,229,933$26,056,810$56,463,636
75$81,457,562$34,786,258$26,857,772$61,203,645
76$89,692,026$36,416,578$27,683,300$66,385,337
77$98,764,068$38,124,445$28,534,146$72,051,967
78$108,759,047$39,913,587$29,411,084$78,251,124
79$119,771,027$41,787,910$30,314,912$85,035,168
80$131,903,663$43,751,509$31,246,453$92,461,709
81$145,271,182$45,808,678$32,206,554$100,594,146
82$159,999,458$47,963,919$33,196,089$109,502,245
83$176,227,202$50,221,951$34,215,958$119,262,788
84$194,107,272$52,587,722$35,267,088$129,960,287
85$213,808,114$55,066,420$36,350,436$141,687,761
86$235,515,351$57,663,484$37,466,985$154,547,604
87$259,433,539$60,384,617$38,617,751$168,652,532
88$285,788,095$63,235,798$39,803,780$184,126,636
89$314,827,423$66,223,295$41,026,150$201,106,529
90$346,825,265$69,353,680$42,285,970$219,742,622
91$382,083,278$72,633,847$43,584,386$240,200,525
92$420,933,886$76,071,019$44,922,577$262,662,587
93$463,743,417$79,672,774$46,301,758$287,329,602
94$510,915,560$83,447,054$47,723,181$314,422,676
95$562,895,176$87,402,188$49,188,136$344,185,298
96$620,172,499$91,546,911$50,697,954$376,885,610
97$683,287,762$95,890,378$52,254,004$412,818,918
98$752,836,299$100,442,192$53,857,698$452,310,447
99$829,474,162$105,212,420$55,510,492$495,718,391
100$913,924,317$110,211,618$57,213,884$543,437,260