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

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,261,012
2 years$658,180$645,922$634,042$622,523$611,351$588,433
3 years$434,428$422,117$410,267$398,857$387,866$365,569
4 years$322,574$310,301$298,569$287,354$276,629$255,125
5 years$255,479$243,280$231,702$220,715$210,289$189,639
6 years$210,764$198,656$187,250$176,508$166,395$146,622
7 years$178,837$166,831$155,605$145,117$135,323$116,434
8 years$154,902$143,005$131,966$121,735$112,264$94,253
9 years$136,297$124,512$113,662$103,691$94,542$77,400
10 years$121,421$109,751$99,093$89,383$80,555$64,265
11 years$109,257$97,705$87,240$77,790$69,280$53,825
12 years$99,129$87,694$77,423$68,232$60,036$45,396
13 years$90,565$79,250$69,173$60,239$52,353$38,504
14 years$83,231$72,036$62,152$53,473$45,892$32,810
15 years$76,880$65,806$56,115$47,689$40,407$28,066
16 years$71,329$60,376$50,876$42,700$35,712$24,086
17 years$66,436$55,604$46,295$38,366$31,665$20,726
18 years$62,092$51,381$42,262$34,575$28,155$17,876
19 years$58,209$47,619$38,689$31,242$25,095$15,448
20 years$54,719$44,250$35,506$28,295$22,415$13,372
21 years$51,565$41,217$32,659$25,680$20,059$11,592
22 years$48,702$38,475$30,100$23,349$17,980$10,060
23 years$46,092$35,985$27,792$21,264$16,140$8,741
24 years$43,703$33,715$25,703$19,394$14,507$7,601
25 years$41,508$31,640$23,806$17,712$13,054$6,615
26 years$39,486$29,737$22,079$16,195$11,759$5,761
27 years$37,616$27,986$20,502$14,824$10,601$5,020
28 years$35,883$26,371$19,060$13,582$9,566$4,377
29 years$34,273$24,878$17,737$12,455$8,638$3,818
30 years$32,773$23,494$16,521$11,430$7,805$3,331
31 years$31,372$22,210$15,402$10,498$7,056$2,908
32 years$30,061$21,015$14,370$9,648$6,383$2,539
33 years$28,833$19,902$13,418$8,872$5,777$2,217
34 years$27,679$18,862$12,537$8,163$5,230$1,937
35 years$26,593$17,891$11,721$7,514$4,737$1,692
36 years$25,571$16,981$10,965$6,921$4,292$1,479
37 years$24,605$16,128$10,263$6,376$3,890$1,293
38 years$23,693$15,327$9,611$5,877$3,527$1,130
39 years$22,829$14,575$9,004$5,419$3,198$988
40 years$22,011$13,867$8,440$4,998$2,901$864
41 years$21,235$13,200$7,914$4,612$2,632$755
42 years$20,498$12,571$7,423$4,256$2,388$660
43 years$19,797$11,978$6,966$3,929$2,167$577
44 years$19,129$11,417$6,539$3,628$1,967$505
45 years$18,493$10,887$6,139$3,350$1,786$442
46 years$17,887$10,386$5,766$3,095$1,621$386
47 years$17,308$9,911$5,417$2,859$1,472$338
48 years$16,754$9,462$5,091$2,642$1,337$295
49 years$16,225$9,035$4,785$2,442$1,214$258
50 years$15,719$8,631$4,499$2,257$1,103$226

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 $3,277 every year, while hoping to spend $44,852 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: 72/8/20 Blend
58$16,100,000$16,100,000$16,100,000$16,100,000
59$17,745,580$16,892,280$16,642,730$18,937,422
60$19,507,907$17,672,280$17,152,540$20,510,853
61$21,448,488$18,488,996$17,677,924$22,227,850
62$23,585,458$19,344,181$18,219,359$24,107,219
63$25,938,799$20,239,670$18,777,332$26,165,071
64$28,530,532$21,177,389$19,352,347$28,419,143
65$31,384,919$22,159,354$19,944,923$30,888,963
66$34,528,698$23,187,680$20,555,596$33,596,034
67$37,991,332$24,264,583$21,184,915$36,564,032
68$41,805,287$25,392,386$21,833,449$39,819,031
69$46,006,339$26,573,526$22,501,782$43,389,741
70$50,633,910$27,810,554$23,190,517$47,307,782
71$55,731,445$29,106,146$23,900,275$51,607,974
72$61,346,813$30,463,108$24,631,695$56,328,671
73$67,532,768$31,884,381$25,385,436$61,512,110
74$74,347,440$33,373,045$26,162,179$67,204,814
75$81,854,889$34,932,334$26,962,621$73,458,026
76$90,125,703$36,565,634$27,787,485$80,328,188
77$99,237,672$38,276,497$28,637,513$87,877,472
78$109,276,514$40,068,646$29,513,469$96,174,363
79$120,336,692$41,945,982$30,416,143$105,294,300
80$132,522,297$43,912,598$31,346,347$115,320,386
81$145,948,039$45,972,783$32,304,917$126,344,169
82$160,740,324$48,131,034$33,292,716$138,466,500
83$177,038,447$50,392,065$34,310,633$151,798,482
84$194,995,911$52,760,819$35,359,582$166,462,514
85$214,781,872$55,242,477$36,440,506$182,593,440
86$236,582,737$57,842,473$37,554,377$200,339,822
87$260,603,924$60,566,501$38,702,196$219,865,330
88$287,071,798$63,420,534$39,884,994$241,350,287
89$316,235,814$66,410,832$41,103,833$264,993,364
90$348,370,863$69,543,960$42,359,808$291,013,451
91$383,779,877$72,826,799$43,654,047$319,651,714
92$422,796,677$76,266,565$44,987,711$351,173,868
93$465,789,136$79,870,825$46,361,997$385,872,680
94$513,162,643$83,647,510$47,778,138$424,070,723
95$565,363,932$87,604,937$49,237,405$466,123,414
96$622,885,302$91,751,828$50,741,107$512,422,366
97$686,269,260$96,097,325$52,290,592$563,399,072
98$756,113,646$100,651,016$53,887,248$619,528,975
99$833,077,275$105,422,952$55,532,508$681,335,943
100$917,886,155$110,423,675$57,227,845$749,397,211