Can I retire at age 59 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,278,320
2 years$662,268$649,934$637,980$626,390$615,148$601,562
3 years$437,126$424,739$412,815$401,334$390,275$377,016
4 years$324,577$312,228$300,424$289,139$278,348$265,517
5 years$257,066$244,791$233,141$222,086$211,595$199,231
6 years$212,073$199,890$188,413$177,604$167,428$155,546
7 years$179,948$167,867$156,572$146,018$136,164$124,768
8 years$155,865$143,893$132,785$122,491$112,961$102,051
9 years$137,143$125,285$114,368$104,335$95,130$84,701
10 years$122,175$110,433$99,709$89,938$81,055$71,102
11 years$109,936$98,312$87,782$78,273$69,710$60,225
12 years$99,744$88,239$77,904$68,656$60,409$51,381
13 years$91,127$79,742$69,602$60,613$52,678$44,097
14 years$83,748$72,484$62,538$53,805$46,177$38,031
15 years$77,358$66,215$56,463$47,985$40,658$32,934
16 years$71,772$60,751$51,192$42,965$35,934$28,620
17 years$66,849$55,950$46,583$38,604$31,861$24,943
18 years$62,477$51,700$42,524$34,790$28,330$21,794
19 years$58,570$47,915$38,929$31,436$25,251$19,083
20 years$55,059$44,525$35,727$28,471$22,555$16,741
21 years$51,886$41,473$32,862$25,839$20,184$14,709
22 years$49,005$38,714$30,287$23,494$18,092$12,943
23 years$46,378$36,208$27,965$21,396$16,240$11,402
24 years$43,974$33,925$25,863$19,515$14,597$10,055
25 years$41,766$31,837$23,954$17,822$13,135$8,876
26 years$39,731$29,921$22,216$16,295$11,832$7,841
27 years$37,850$28,159$20,630$14,916$10,667$6,932
28 years$36,106$26,534$19,178$13,666$9,625$6,132
29 years$34,486$25,032$17,847$12,532$8,691$5,428
30 years$32,976$23,640$16,624$11,501$7,853$4,807
31 years$31,567$22,348$15,498$10,563$7,100$4,258
32 years$30,248$21,146$14,460$9,708$6,423$3,774
33 years$29,012$20,025$13,501$8,927$5,812$3,346
34 years$27,851$18,979$12,615$8,214$5,262$2,967
35 years$26,759$18,002$11,794$7,561$4,766$2,632
36 years$25,729$17,086$11,033$6,964$4,319$2,335
37 years$24,758$16,228$10,327$6,416$3,914$2,073
38 years$23,840$15,422$9,670$5,914$3,549$1,840
39 years$22,971$14,665$9,060$5,453$3,218$1,633
40 years$22,148$13,953$8,492$5,029$2,919$1,450
41 years$21,367$13,282$7,963$4,640$2,648$1,288
42 years$20,625$12,649$7,469$4,282$2,403$1,144
43 years$19,919$12,052$7,009$3,953$2,181$1,016
44 years$19,248$11,488$6,579$3,650$1,979$902
45 years$18,608$10,955$6,178$3,371$1,797$801
46 years$17,998$10,451$5,802$3,114$1,631$712
47 years$17,415$9,973$5,451$2,877$1,481$633
48 years$16,858$9,521$5,122$2,658$1,345$562
49 years$16,326$9,092$4,815$2,457$1,222$499
50 years$15,817$8,685$4,527$2,271$1,110$444

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,200,000, adding $5,734 every year, while hoping to spend $41,019 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: 68/16/16 Blend
58$16,200,000$16,200,000$16,200,000$16,200,000
59$17,858,315$16,999,715$16,748,615$19,004,601
60$19,636,219$17,789,057$17,266,049$20,559,029
61$21,594,094$18,615,702$17,799,443$22,253,243
62$23,750,255$19,481,434$18,349,288$24,105,327
63$26,124,882$20,388,125$18,916,089$26,130,804
64$28,740,211$21,337,735$19,500,370$28,346,751
65$31,620,748$22,332,319$20,102,668$30,771,965
66$34,793,494$23,374,033$20,723,537$33,427,135
67$38,288,205$24,465,134$21,363,549$36,335,031
68$42,137,668$25,607,992$22,023,294$39,520,718
69$46,378,013$26,805,087$22,703,378$43,011,788
70$51,049,057$28,059,023$23,404,428$46,838,618
71$56,194,673$29,372,527$24,127,088$51,034,649
72$61,863,208$30,748,459$24,872,024$55,636,700
73$68,107,938$32,189,817$25,639,920$60,685,313
74$74,987,574$33,699,744$26,431,483$66,225,126
75$82,566,810$35,281,535$27,247,441$72,305,292
76$90,916,939$36,938,644$28,088,545$78,979,940
77$100,116,523$38,674,694$28,955,568$86,308,676
78$110,252,136$40,493,481$29,849,307$94,357,145
79$121,419,178$42,398,987$30,770,583$103,197,640
80$133,722,781$44,395,383$31,720,244$112,909,784
81$147,278,795$46,487,047$32,699,162$123,581,268
82$162,214,885$48,678,566$33,708,237$135,308,679
83$178,671,736$50,974,748$34,748,396$148,198,402
84$196,804,381$53,380,639$35,820,595$162,367,616
85$216,783,661$55,901,524$36,925,819$177,945,393
86$238,797,843$58,542,947$38,065,082$195,073,912
87$263,054,392$61,310,720$39,239,432$213,909,788
88$289,781,934$64,210,939$40,449,946$234,625,544
89$319,232,408$67,249,992$41,697,736$257,411,231
90$351,683,451$70,434,579$42,983,947$282,476,212
91$387,441,014$73,771,725$44,309,761$310,051,131
92$426,842,254$77,268,795$45,676,394$340,390,075
93$470,258,711$80,933,513$47,085,100$373,772,968
94$518,099,821$84,773,977$48,537,172$410,508,196
95$570,816,777$88,798,677$50,033,943$450,935,512
96$628,906,793$93,016,516$51,576,784$495,429,228
97$692,917,791$97,436,831$53,167,112$544,401,739
98$763,453,580$102,069,410$54,806,385$598,307,398
99$841,179,553$106,924,518$56,496,106$657,646,795
100$926,828,966$112,012,918$58,237,824$722,971,467