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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,237,500
2 years$654,092$641,910$630,104$618,657$607,554$569,227
3 years$431,730$419,495$407,719$396,379$385,457$348,368
4 years$320,570$308,373$296,715$285,569$274,911$239,344
5 years$253,892$241,768$230,263$219,344$208,983$175,035
6 years$209,455$197,422$186,087$175,411$165,361$133,062
7 years$177,726$165,795$154,639$144,215$134,483$103,831
8 years$153,940$142,117$131,146$120,979$111,567$82,543
9 years$135,450$123,738$112,956$103,047$93,955$66,529
10 years$120,667$109,069$98,478$88,828$80,054$54,187
11 years$108,579$97,098$86,698$77,307$68,850$44,497
12 years$98,513$87,150$76,942$67,808$59,664$36,775
13 years$90,002$78,758$68,743$59,865$52,028$30,551
14 years$82,714$71,589$61,766$53,141$45,607$25,487
15 years$76,403$65,398$55,766$47,392$40,156$21,336
16 years$70,886$60,001$50,560$42,435$35,490$17,910
17 years$66,023$55,259$46,008$38,127$31,468$15,070
18 years$61,706$51,062$41,999$34,360$27,980$12,705
19 years$57,847$47,323$38,448$31,048$24,939$10,728
20 years$54,379$43,975$35,286$28,120$22,276$9,071
21 years$51,245$40,961$32,456$25,520$19,935$7,679
22 years$48,400$38,236$29,913$23,204$17,869$6,506
23 years$45,806$35,761$27,620$21,132$16,040$5,517
24 years$43,431$33,506$25,544$19,274$14,417$4,682
25 years$41,250$31,444$23,659$17,602$12,973$3,975
26 years$39,241$29,552$21,942$16,094$11,686$3,377
27 years$37,383$27,812$20,375$14,731$10,536$2,869
28 years$35,661$26,207$18,941$13,497$9,506$2,439
29 years$34,060$24,723$17,627$12,377$8,584$2,074
30 years$32,569$23,348$16,418$11,359$7,756$1,764
31 years$31,177$22,072$15,306$10,433$7,012$1,501
32 years$29,875$20,885$14,281$9,588$6,343$1,277
33 years$28,654$19,778$13,334$8,817$5,741$1,087
34 years$27,507$18,745$12,459$8,112$5,197$925
35 years$26,428$17,779$11,648$7,468$4,708$788
36 years$25,412$16,875$10,897$6,878$4,265$670
37 years$24,452$16,028$10,199$6,337$3,866$571
38 years$23,546$15,232$9,551$5,841$3,505$486
39 years$22,688$14,484$8,948$5,385$3,178$414
40 years$21,875$13,780$8,387$4,967$2,883$352
41 years$21,103$13,118$7,864$4,583$2,615$300
42 years$20,370$12,493$7,377$4,230$2,373$256
43 years$19,674$11,903$6,922$3,904$2,154$218
44 years$19,010$11,346$6,498$3,605$1,955$185
45 years$18,378$10,820$6,101$3,329$1,775$158
46 years$17,776$10,322$5,731$3,075$1,611$134
47 years$17,200$9,850$5,384$2,841$1,463$115
48 years$16,650$9,403$5,059$2,625$1,329$98
49 years$16,125$8,979$4,755$2,426$1,207$83
50 years$15,622$8,577$4,471$2,243$1,096$71

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 $6,468 every year, while hoping to spend $31,513 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: 72/17/11 Blend
58$16,000,000$16,000,000$16,000,000$16,000,000
59$17,638,672$16,790,672$16,542,672$18,869,592
60$19,404,287$17,579,885$17,063,322$20,473,867
61$21,348,938$18,406,714$17,600,357$22,225,423
62$23,490,855$19,272,967$18,154,294$24,142,451
63$25,850,123$20,180,544$18,725,664$26,241,290
64$28,448,877$21,131,432$19,315,015$28,539,917
65$31,311,509$22,127,719$19,922,915$31,058,122
66$34,464,895$23,171,590$20,549,945$33,817,688
67$37,938,655$24,265,338$21,196,709$36,842,592
68$41,765,427$25,411,368$21,863,827$40,159,231
69$45,981,175$26,612,200$22,551,940$43,796,662
70$50,625,533$27,870,476$23,261,708$47,786,880
71$55,742,176$29,188,968$23,993,814$52,165,108
72$61,379,231$30,570,580$24,748,959$56,970,131
73$67,589,732$32,018,359$25,527,870$62,244,655
74$74,432,125$33,535,498$26,331,293$68,035,706
75$81,970,810$35,125,346$27,160,000$74,395,070
76$90,276,761$36,791,416$28,014,788$81,379,773
77$99,428,183$38,537,388$28,896,476$89,052,620
78$109,511,260$40,367,123$29,805,911$97,482,776
79$120,620,966$42,284,669$30,743,966$106,746,417
80$132,861,958$44,294,271$31,711,542$116,927,444
81$146,349,567$46,400,380$32,709,568$128,118,264
82$161,210,887$48,607,662$33,739,003$140,420,658
83$177,585,972$50,921,012$34,800,833$153,946,737
84$195,629,159$53,345,560$35,896,080$168,819,991
85$215,510,529$55,886,688$37,025,794$185,176,446
86$237,417,505$58,550,038$38,191,060$203,165,942
87$261,556,627$61,341,526$39,392,997$222,953,537
88$288,155,499$64,267,357$40,632,759$244,721,060
89$317,464,940$67,334,037$41,911,536$268,668,817
90$349,761,346$70,548,388$43,230,555$295,017,468
91$385,349,309$73,917,564$44,591,084$324,010,106
92$424,564,481$77,449,067$45,994,428$355,914,541
93$467,776,751$81,150,765$47,441,934$391,025,811
94$515,393,734$85,030,906$48,934,993$429,668,965
95$567,864,618$89,098,143$50,475,038$472,202,112
96$625,684,404$93,361,547$52,063,547$519,019,793
97$689,398,582$97,830,632$53,702,045$570,556,691
98$759,608,280$102,515,376$55,392,106$627,291,723
99$836,975,934$107,426,239$57,135,351$689,752,543
100$922,231,549$112,574,194$58,933,455$758,520,513