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%18.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,240,260
2 years$658,180$645,922$634,042$622,523$611,351$567,884
3 years$434,428$422,117$410,267$398,857$387,866$345,875
4 years$322,574$310,301$298,569$287,354$276,629$236,436
5 years$255,479$243,280$231,702$220,715$210,289$171,999
6 years$210,764$198,656$187,250$176,508$166,395$130,038
7 years$178,837$166,831$155,605$145,117$135,323$100,895
8 years$154,902$143,005$131,966$121,735$112,264$79,737
9 years$136,297$124,512$113,662$103,691$94,542$63,877
10 years$121,421$109,751$99,093$89,383$80,555$51,701
11 years$109,257$97,705$87,240$77,790$69,280$42,181
12 years$99,129$87,694$77,423$68,232$60,036$34,631
13 years$90,565$79,250$69,173$60,239$52,353$28,576
14 years$83,231$72,036$62,152$53,473$45,892$23,674
15 years$76,880$65,806$56,115$47,689$40,407$19,678
16 years$71,329$60,376$50,876$42,700$35,712$16,400
17 years$66,436$55,604$46,295$38,366$31,665$13,698
18 years$62,092$51,381$42,262$34,575$28,155$11,463
19 years$58,209$47,619$38,689$31,242$25,095$9,606
20 years$54,719$44,250$35,506$28,295$22,415$8,061
21 years$51,565$41,217$32,659$25,680$20,059$6,771
22 years$48,702$38,475$30,100$23,349$17,980$5,692
23 years$46,092$35,985$27,792$21,264$16,140$4,789
24 years$43,703$33,715$25,703$19,394$14,507$4,032
25 years$41,508$31,640$23,806$17,712$13,054$3,396
26 years$39,486$29,737$22,079$16,195$11,759$2,862
27 years$37,616$27,986$20,502$14,824$10,601$2,412
28 years$35,883$26,371$19,060$13,582$9,566$2,034
29 years$34,273$24,878$17,737$12,455$8,638$1,715
30 years$32,773$23,494$16,521$11,430$7,805$1,447
31 years$31,372$22,210$15,402$10,498$7,056$1,221
32 years$30,061$21,015$14,370$9,648$6,383$1,030
33 years$28,833$19,902$13,418$8,872$5,777$870
34 years$27,679$18,862$12,537$8,163$5,230$734
35 years$26,593$17,891$11,721$7,514$4,737$620
36 years$25,571$16,981$10,965$6,921$4,292$523
37 years$24,605$16,128$10,263$6,376$3,890$442
38 years$23,693$15,327$9,611$5,877$3,527$373
39 years$22,829$14,575$9,004$5,419$3,198$315
40 years$22,011$13,867$8,440$4,998$2,901$266
41 years$21,235$13,200$7,914$4,612$2,632$225
42 years$20,498$12,571$7,423$4,256$2,388$190
43 years$19,797$11,978$6,966$3,929$2,167$160
44 years$19,129$11,417$6,539$3,628$1,967$135
45 years$18,493$10,887$6,139$3,350$1,786$114
46 years$17,887$10,386$5,766$3,095$1,621$96
47 years$17,308$9,911$5,417$2,859$1,472$81
48 years$16,754$9,462$5,091$2,642$1,337$69
49 years$16,225$9,035$4,785$2,442$1,214$58
50 years$15,719$8,631$4,499$2,257$1,103$49

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 $5,103 every year, while hoping to spend $35,482 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: 66/26/8 Blend
58$16,100,000$16,100,000$16,100,000$16,100,000
59$17,747,464$16,894,164$16,644,614$18,891,541
60$19,519,952$17,684,225$17,164,456$20,442,728
61$21,472,046$18,511,810$17,700,523$22,132,661
62$23,622,026$19,378,721$18,253,322$23,978,633
63$25,990,039$20,286,844$18,823,375$25,995,854
64$28,598,284$21,238,161$19,411,219$28,201,056
65$31,471,224$22,234,745$20,017,410$30,612,642
66$34,635,815$23,278,774$20,642,519$33,250,860
67$38,121,762$24,372,528$21,287,137$36,137,984
68$41,961,797$25,518,398$21,951,872$39,298,526
69$46,191,993$26,718,891$22,637,352$42,759,456
70$50,852,096$27,976,637$23,344,223$46,550,454
71$55,985,908$29,294,390$24,073,153$50,704,185
72$61,641,696$30,675,041$24,824,829$55,256,598
73$67,872,650$32,121,618$25,599,961$60,247,265
74$74,737,381$33,637,298$26,399,281$65,719,743
75$82,300,478$35,225,411$27,223,541$71,721,978
76$90,633,118$36,889,447$28,073,521$78,306,756
77$99,813,734$38,633,067$28,950,022$85,532,188
78$109,928,757$40,460,111$29,853,870$93,462,251
79$121,073,435$42,374,601$30,785,920$102,167,390
80$133,352,727$44,380,757$31,747,049$111,725,167
81$146,882,295$46,483,004$32,738,165$122,220,988
82$161,789,597$48,685,980$33,760,202$133,748,898
83$178,215,092$50,994,549$34,814,125$146,412,461
84$196,313,561$53,413,811$35,900,927$160,325,726
85$216,255,570$55,949,114$37,021,634$175,614,294
86$238,229,082$58,606,064$38,177,302$192,416,489
87$262,441,228$61,390,541$39,369,022$210,884,657
88$289,120,266$64,308,710$40,597,917$231,186,589
89$318,517,732$67,367,035$41,865,146$253,507,090
90$350,910,816$70,572,296$43,171,904$278,049,715
91$386,604,979$73,931,598$44,519,422$305,038,673
92$425,936,836$77,452,396$45,908,973$334,720,927
93$469,277,335$81,142,505$47,341,865$367,368,516
94$517,035,256$85,010,120$48,819,450$403,281,101
95$569,661,070$89,063,834$50,343,120$442,788,778
96$627,651,197$93,312,660$51,914,312$486,255,179
97$691,552,684$97,766,045$53,534,506$534,080,883
98$761,968,377$102,433,901$55,205,231$586,707,181
99$839,562,606$107,326,616$56,928,061$644,620,219
100$925,067,460$112,455,089$58,704,620$708,355,564