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%14.3%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,268,844
2 years$662,268$649,934$637,980$626,390$615,148$592,088
3 years$437,126$424,739$412,815$401,334$390,275$367,840
4 years$324,577$312,228$300,424$289,139$278,348$256,710
5 years$257,066$244,791$233,141$222,086$211,595$190,817
6 years$212,073$199,890$188,413$177,604$167,428$147,533
7 years$179,948$167,867$156,572$146,018$136,164$117,157
8 years$155,865$143,893$132,785$122,491$112,961$94,838
9 years$137,143$125,285$114,368$104,335$95,130$77,880
10 years$122,175$110,433$99,709$89,938$81,055$64,664
11 years$109,936$98,312$87,782$78,273$69,710$54,159
12 years$99,744$88,239$77,904$68,656$60,409$45,678
13 years$91,127$79,742$69,602$60,613$52,678$38,743
14 years$83,748$72,484$62,538$53,805$46,177$33,014
15 years$77,358$66,215$56,463$47,985$40,658$28,241
16 years$71,772$60,751$51,192$42,965$35,934$24,236
17 years$66,849$55,950$46,583$38,604$31,861$20,855
18 years$62,477$51,700$42,524$34,790$28,330$17,987
19 years$58,570$47,915$38,929$31,436$25,251$15,544
20 years$55,059$44,525$35,727$28,471$22,555$13,455
21 years$51,886$41,473$32,862$25,839$20,184$11,664
22 years$49,005$38,714$30,287$23,494$18,092$10,123
23 years$46,378$36,208$27,965$21,396$16,240$8,795
24 years$43,974$33,925$25,863$19,515$14,597$7,648
25 years$41,766$31,837$23,954$17,822$13,135$6,656
26 years$39,731$29,921$22,216$16,295$11,832$5,797
27 years$37,850$28,159$20,630$14,916$10,667$5,052
28 years$36,106$26,534$19,178$13,666$9,625$4,404
29 years$34,486$25,032$17,847$12,532$8,691$3,842
30 years$32,976$23,640$16,624$11,501$7,853$3,352
31 years$31,567$22,348$15,498$10,563$7,100$2,926
32 years$30,248$21,146$14,460$9,708$6,423$2,555
33 years$29,012$20,025$13,501$8,927$5,812$2,231
34 years$27,851$18,979$12,615$8,214$5,262$1,949
35 years$26,759$18,002$11,794$7,561$4,766$1,703
36 years$25,729$17,086$11,033$6,964$4,319$1,488
37 years$24,758$16,228$10,327$6,416$3,914$1,301
38 years$23,840$15,422$9,670$5,914$3,549$1,137
39 years$22,971$14,665$9,060$5,453$3,218$994
40 years$22,148$13,953$8,492$5,029$2,919$869
41 years$21,367$13,282$7,963$4,640$2,648$760
42 years$20,625$12,649$7,469$4,282$2,403$664
43 years$19,919$12,052$7,009$3,953$2,181$581
44 years$19,248$11,488$6,579$3,650$1,979$508
45 years$18,608$10,955$6,178$3,371$1,797$444
46 years$17,998$10,451$5,802$3,114$1,631$389
47 years$17,415$9,973$5,451$2,877$1,481$340
48 years$16,858$9,521$5,122$2,658$1,345$297
49 years$16,326$9,092$4,815$2,457$1,222$260
50 years$15,817$8,685$4,527$2,271$1,110$227

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 $4,907 every year, while hoping to spend $59,448 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: 32/44/24 Blend
58$16,200,000$16,200,000$16,200,000$16,200,000
59$17,857,462$16,998,862$16,747,762$18,297,050
60$19,615,670$17,768,554$17,245,559$19,400,049
61$21,551,224$18,573,968$17,758,041$20,581,590
62$23,682,149$19,416,793$18,285,635$21,853,046
63$26,028,309$20,298,796$18,828,784$23,222,347
64$28,611,590$21,221,830$19,387,942$24,698,181
65$31,456,110$22,187,838$19,963,576$26,290,063
66$34,588,444$23,198,853$20,556,167$28,008,425
67$38,037,876$24,257,008$21,166,210$29,864,699
68$41,836,676$25,364,537$21,794,214$31,871,423
69$46,020,399$26,523,782$22,440,702$34,042,346
70$50,628,228$27,737,195$23,106,214$36,392,551
71$55,703,338$29,007,349$23,791,303$38,938,589
72$61,293,307$30,336,938$24,496,541$41,698,623
73$67,450,563$31,728,786$25,222,513$44,692,589
74$74,232,876$33,185,852$25,969,823$47,942,376
75$81,703,910$34,711,239$26,739,093$51,472,020
76$89,933,816$36,308,198$27,530,960$55,307,918
77$98,999,901$37,980,135$28,346,082$59,479,068
78$108,987,350$39,730,621$29,185,135$64,017,325
79$119,990,037$41,563,398$30,048,815$68,957,694
80$132,111,406$43,482,391$30,937,836$74,338,640
81$145,465,451$45,491,709$31,852,934$80,202,442
82$160,177,786$47,595,661$32,794,866$86,595,575
83$176,386,837$49,798,766$33,764,412$93,569,132
84$194,245,146$52,105,757$34,762,371$101,179,287
85$213,920,808$54,521,596$35,789,567$109,487,814
86$235,599,061$57,051,485$36,846,848$118,562,646
87$259,484,033$59,700,876$37,935,086$128,478,500
88$285,800,669$62,475,484$39,055,176$139,317,560
89$314,796,854$65,381,299$40,208,041$151,170,235
90$346,745,753$68,424,602$41,394,630$164,135,988
91$381,948,387$71,611,974$42,615,917$178,324,251
92$420,736,478$74,950,317$43,872,906$193,855,436
93$463,475,579$78,446,863$45,166,629$210,862,049
94$510,568,525$82,109,196$46,498,147$229,489,906
95$562,459,231$85,945,263$47,868,552$249,899,491
96$619,636,890$89,963,398$49,278,966$272,267,437
97$682,640,585$94,172,337$50,730,543$296,788,166
98$752,064,379$98,581,237$52,224,472$323,675,689
99$828,562,927$103,199,698$53,761,972$353,165,599
100$912,857,647$108,037,785$55,344,300$385,517,253