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%19.5%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,234,850
2 years$658,180$645,922$634,042$622,523$611,351$562,574
3 years$434,428$422,117$410,267$398,857$387,866$340,834
4 years$322,574$310,301$298,569$287,354$276,629$231,700
5 years$255,479$243,280$231,702$220,715$210,289$167,579
6 years$210,764$198,656$187,250$176,508$166,395$125,932
7 years$178,837$166,831$155,605$145,117$135,323$97,096
8 years$154,902$143,005$131,966$121,735$112,264$76,236
9 years$136,297$124,512$113,662$103,691$94,542$60,662
10 years$121,421$109,751$99,093$89,383$80,555$48,759
11 years$109,257$97,705$87,240$77,790$69,280$39,497
12 years$99,129$87,694$77,423$68,232$60,036$32,190
13 years$90,565$79,250$69,173$60,239$52,353$26,362
14 years$83,231$72,036$62,152$53,473$45,892$21,673
15 years$76,880$65,806$56,115$47,689$40,407$17,874
16 years$71,329$60,376$50,876$42,700$35,712$14,779
17 years$66,436$55,604$46,295$38,366$31,665$12,244
18 years$62,092$51,381$42,262$34,575$28,155$10,162
19 years$58,209$47,619$38,689$31,242$25,095$8,446
20 years$54,719$44,250$35,506$28,295$22,415$7,027
21 years$51,565$41,217$32,659$25,680$20,059$5,853
22 years$48,702$38,475$30,100$23,349$17,980$4,878
23 years$46,092$35,985$27,792$21,264$16,140$4,069
24 years$43,703$33,715$25,703$19,394$14,507$3,395
25 years$41,508$31,640$23,806$17,712$13,054$2,835
26 years$39,486$29,737$22,079$16,195$11,759$2,368
27 years$37,616$27,986$20,502$14,824$10,601$1,978
28 years$35,883$26,371$19,060$13,582$9,566$1,653
29 years$34,273$24,878$17,737$12,455$8,638$1,382
30 years$32,773$23,494$16,521$11,430$7,805$1,155
31 years$31,372$22,210$15,402$10,498$7,056$966
32 years$30,061$21,015$14,370$9,648$6,383$808
33 years$28,833$19,902$13,418$8,872$5,777$676
34 years$27,679$18,862$12,537$8,163$5,230$565
35 years$26,593$17,891$11,721$7,514$4,737$473
36 years$25,571$16,981$10,965$6,921$4,292$395
37 years$24,605$16,128$10,263$6,376$3,890$331
38 years$23,693$15,327$9,611$5,877$3,527$277
39 years$22,829$14,575$9,004$5,419$3,198$232
40 years$22,011$13,867$8,440$4,998$2,901$194
41 years$21,235$13,200$7,914$4,612$2,632$162
42 years$20,498$12,571$7,423$4,256$2,388$136
43 years$19,797$11,978$6,966$3,929$2,167$114
44 years$19,129$11,417$6,539$3,628$1,967$95
45 years$18,493$10,887$6,139$3,350$1,786$79
46 years$17,887$10,386$5,766$3,095$1,621$67
47 years$17,308$9,911$5,417$2,859$1,472$56
48 years$16,754$9,462$5,091$2,642$1,337$47
49 years$16,225$9,035$4,785$2,442$1,214$39
50 years$15,719$8,631$4,499$2,257$1,103$33

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 $4,182 every year, while hoping to spend $51,918 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: 71/5/24 Blend
58$16,100,000$16,100,000$16,100,000$16,100,000
59$17,746,514$16,893,214$16,643,664$18,899,213
60$19,501,418$17,665,741$17,145,986$20,442,338
61$21,433,582$18,474,382$17,663,396$22,124,998
62$23,561,032$19,320,851$18,196,345$23,966,296
63$25,903,631$20,206,946$18,745,296$25,981,983
64$28,483,264$21,134,550$19,310,726$28,189,400
65$31,324,051$22,105,637$19,893,129$30,607,645
66$34,452,566$23,122,274$20,493,011$33,257,743
67$37,898,093$24,186,632$21,110,893$36,162,851
68$41,692,903$25,300,980$21,747,311$39,348,470
69$45,872,552$26,467,702$22,402,820$42,842,683
70$50,476,226$27,689,293$23,077,988$46,676,422
71$55,547,102$28,968,369$23,773,401$50,883,751
72$61,132,759$30,307,672$24,489,663$55,502,192
73$67,285,629$31,710,076$25,227,395$60,573,072
74$74,063,487$33,178,594$25,987,237$66,141,915
75$81,530,001$34,716,383$26,769,847$72,258,863
76$89,755,328$36,326,753$27,575,904$78,979,152
77$98,816,781$38,013,173$28,406,106$86,363,627
78$108,799,554$39,779,280$29,261,172$94,479,315
79$119,797,528$41,628,885$30,141,841$103,400,055
80$131,914,159$43,565,983$31,048,876$113,207,192
81$145,263,451$45,594,764$31,983,061$123,990,338
82$159,971,034$47,719,618$32,945,204$135,848,220
83$176,175,347$49,945,147$33,936,136$148,889,603
84$194,028,948$52,276,175$34,956,713$163,234,319
85$213,699,955$54,717,761$36,007,816$179,014,389
86$235,373,625$57,275,207$37,090,354$196,375,266
87$259,254,113$59,954,070$38,205,258$215,477,208
88$285,566,391$62,760,177$39,353,492$236,496,781
89$314,558,374$65,699,637$40,536,046$259,628,528
90$346,503,261$68,778,853$41,753,937$285,086,792
91$381,702,116$72,004,539$43,008,215$313,107,744
92$420,486,702$75,383,732$44,299,961$343,951,601
93$463,222,622$78,923,811$45,630,286$377,905,079
94$510,312,764$82,632,512$47,000,335$415,284,097
95$562,201,104$86,517,944$48,411,285$456,436,750
96$619,376,904$90,588,610$49,864,350$501,746,591
97$682,379,321$94,853,424$51,360,778$551,636,246
98$751,802,502$99,321,733$52,901,855$606,571,398
99$828,301,193$104,003,334$54,488,903$667,065,174
100$912,596,918$108,908,500$56,123,285$733,682,987