Can I retire at age 59 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,241,746
2 years$658,180$645,922$634,042$622,523$611,351$569,347
3 years$434,428$422,117$410,267$398,857$387,866$347,268
4 years$322,574$310,301$298,569$287,354$276,629$237,747
5 years$255,479$243,280$231,702$220,715$210,289$173,227
6 years$210,764$198,656$187,250$176,508$166,395$131,182
7 years$178,837$166,831$155,605$145,117$135,323$101,957
8 years$154,902$143,005$131,966$121,735$112,264$80,719
9 years$136,297$124,512$113,662$103,691$94,542$64,782
10 years$121,421$109,751$99,093$89,383$80,555$52,533
11 years$109,257$97,705$87,240$77,790$69,280$42,944
12 years$99,129$87,694$77,423$68,232$60,036$35,328
13 years$90,565$79,250$69,173$60,239$52,353$29,210
14 years$83,231$72,036$62,152$53,473$45,892$24,250
15 years$76,880$65,806$56,115$47,689$40,407$20,199
16 years$71,329$60,376$50,876$42,700$35,712$16,871
17 years$66,436$55,604$46,295$38,366$31,665$14,123
18 years$62,092$51,381$42,262$34,575$28,155$11,845
19 years$58,209$47,619$38,689$31,242$25,095$9,949
20 years$54,719$44,250$35,506$28,295$22,415$8,367
21 years$51,565$41,217$32,659$25,680$20,059$7,045
22 years$48,702$38,475$30,100$23,349$17,980$5,937
23 years$46,092$35,985$27,792$21,264$16,140$5,006
24 years$43,703$33,715$25,703$19,394$14,507$4,225
25 years$41,508$31,640$23,806$17,712$13,054$3,567
26 years$39,486$29,737$22,079$16,195$11,759$3,013
27 years$37,616$27,986$20,502$14,824$10,601$2,546
28 years$35,883$26,371$19,060$13,582$9,566$2,152
29 years$34,273$24,878$17,737$12,455$8,638$1,820
30 years$32,773$23,494$16,521$11,430$7,805$1,539
31 years$31,372$22,210$15,402$10,498$7,056$1,302
32 years$30,061$21,015$14,370$9,648$6,383$1,101
33 years$28,833$19,902$13,418$8,872$5,777$932
34 years$27,679$18,862$12,537$8,163$5,230$788
35 years$26,593$17,891$11,721$7,514$4,737$667
36 years$25,571$16,981$10,965$6,921$4,292$565
37 years$24,605$16,128$10,263$6,376$3,890$478
38 years$23,693$15,327$9,611$5,877$3,527$405
39 years$22,829$14,575$9,004$5,419$3,198$342
40 years$22,011$13,867$8,440$4,998$2,901$290
41 years$21,235$13,200$7,914$4,612$2,632$245
42 years$20,498$12,571$7,423$4,256$2,388$208
43 years$19,797$11,978$6,966$3,929$2,167$176
44 years$19,129$11,417$6,539$3,628$1,967$149
45 years$18,493$10,887$6,139$3,350$1,786$126
46 years$17,887$10,386$5,766$3,095$1,621$107
47 years$17,308$9,911$5,417$2,859$1,472$90
48 years$16,754$9,462$5,091$2,642$1,337$77
49 years$16,225$9,035$4,785$2,442$1,214$65
50 years$15,719$8,631$4,499$2,257$1,103$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,100,000, adding $3,085 every year, while hoping to spend $29,770 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: 29/47/24 Blend
58$16,100,000$16,100,000$16,100,000$16,100,000
59$17,745,382$16,892,082$16,642,532$18,127,193
60$19,523,736$17,688,119$17,168,382$19,220,536
61$21,482,484$18,522,164$17,710,850$20,392,336
62$23,639,996$19,396,048$18,270,461$21,651,553
63$26,016,512$20,311,691$18,847,758$23,005,736
64$28,634,337$21,271,105$19,443,299$24,463,145
65$31,518,051$22,276,401$20,057,662$26,032,819
66$34,694,739$23,329,791$20,691,440$27,724,651
67$38,194,248$24,433,596$21,345,248$29,549,476
68$42,049,466$25,590,247$22,019,719$31,519,161
69$46,296,638$26,802,296$22,715,506$33,646,709
70$50,975,702$28,072,416$23,433,283$35,946,369
71$56,130,671$29,403,411$24,173,745$38,433,761
72$61,810,043$30,798,221$24,937,609$41,126,012
73$68,067,263$32,259,930$25,725,614$44,041,905
74$74,961,226$33,791,769$26,538,525$47,202,046
75$82,556,833$35,397,128$27,377,128$50,629,041
76$90,925,604$37,079,561$28,242,235$54,347,700
77$100,146,350$38,842,794$29,134,684$58,385,255
78$110,305,922$40,690,735$30,055,340$62,771,603
79$121,500,026$42,627,481$31,005,095$67,539,572
80$133,834,131$44,657,330$31,984,867$72,725,213
81$147,424,458$46,784,785$32,995,607$78,368,126
82$162,399,086$49,014,573$34,038,292$84,511,813
83$178,899,151$51,351,645$35,113,934$91,204,073
84$197,080,187$53,801,199$36,223,573$98,497,430
85$217,113,589$56,368,680$37,368,285$106,449,612
86$239,188,231$59,059,801$38,549,178$115,124,069
87$263,512,251$61,880,552$39,767,397$124,590,557
88$290,315,017$64,837,215$41,024,121$134,925,766
89$319,849,286$67,936,376$42,320,567$146,214,022
90$352,393,599$71,184,944$43,657,991$158,548,059
91$388,254,902$74,590,162$45,037,689$172,029,862
92$427,771,448$78,159,626$46,460,998$186,771,608
93$471,315,989$81,901,302$47,929,295$202,896,691
94$519,299,298$85,823,543$49,444,004$220,540,856
95$572,174,040$89,935,110$51,006,592$239,853,450
96$630,439,051$94,245,190$52,618,572$260,998,796
97$694,644,046$98,763,416$54,281,506$284,157,708
98$765,394,807$103,499,892$55,997,005$309,529,164
99$843,358,904$108,465,213$57,766,731$337,332,142
100$929,271,994$113,670,490$59,592,398$367,807,646