Can I retire at age 59 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,289,972
2 years$666,356$653,946$641,918$630,257$618,945$609,052
3 years$439,824$427,361$415,363$403,811$392,684$383,017
4 years$326,581$314,155$302,278$290,923$280,066$270,699
5 years$258,653$246,302$234,580$223,457$212,901$203,863
6 years$213,382$201,124$189,576$178,700$168,462$159,762
7 years$181,058$168,903$157,538$146,919$137,004$128,649
8 years$156,827$144,781$133,605$123,247$113,658$105,646
9 years$137,990$126,058$115,074$104,979$95,717$88,046
10 years$122,929$111,114$100,324$90,493$81,556$74,222
11 years$110,615$98,918$88,324$78,756$70,140$63,139
12 years$100,360$88,784$78,385$69,080$60,782$54,106
13 years$91,690$80,235$70,032$60,987$53,003$46,645
14 years$84,265$72,931$62,924$54,137$46,462$40,415
15 years$77,835$66,624$56,812$48,281$40,909$35,164
16 years$72,215$61,126$51,508$43,230$36,156$30,704
17 years$67,261$56,295$46,870$38,842$32,058$26,891
18 years$62,863$52,019$42,787$35,005$28,505$23,612
19 years$58,932$48,211$39,169$31,630$25,407$20,780
20 years$55,399$44,800$35,948$28,647$22,694$18,323
21 years$52,206$41,729$33,065$25,999$20,308$16,183
22 years$49,307$38,953$30,474$23,639$18,204$14,314
23 years$46,665$36,432$28,138$21,528$16,341$12,678
24 years$44,246$34,134$26,023$19,635$14,687$11,241
25 years$42,024$32,033$24,102$17,932$13,216$9,977
26 years$39,976$30,106$22,353$16,396$11,905$8,862
27 years$38,084$28,333$20,757$15,008$10,733$7,879
28 years$36,329$26,698$19,296$13,750$9,685$7,009
29 years$34,699$25,187$17,957$12,609$8,745$6,239
30 years$33,180$23,786$16,726$11,572$7,902$5,556
31 years$31,762$22,486$15,593$10,628$7,144$4,951
32 years$30,435$21,276$14,549$9,768$6,462$4,413
33 years$29,191$20,149$13,584$8,982$5,848$3,935
34 years$28,023$19,097$12,692$8,264$5,295$3,510
35 years$26,924$18,113$11,867$7,608$4,796$3,132
36 years$25,888$17,192$11,101$7,007$4,345$2,796
37 years$24,911$16,328$10,390$6,456$3,938$2,496
38 years$23,987$15,518$9,730$5,950$3,570$2,228
39 years$23,113$14,756$9,116$5,486$3,238$1,990
40 years$22,285$14,039$8,544$5,060$2,937$1,778
41 years$21,499$13,364$8,012$4,669$2,664$1,588
42 years$20,752$12,727$7,515$4,309$2,418$1,419
43 years$20,042$12,126$7,052$3,978$2,194$1,268
44 years$19,367$11,559$6,620$3,673$1,992$1,133
45 years$18,723$11,023$6,216$3,392$1,808$1,013
46 years$18,109$10,515$5,838$3,133$1,642$905
47 years$17,523$10,035$5,485$2,895$1,491$809
48 years$16,963$9,579$5,154$2,675$1,354$723
49 years$16,427$9,148$4,845$2,472$1,229$647
50 years$15,914$8,738$4,555$2,285$1,117$578

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,300,000, adding $4,143 every year, while hoping to spend $54,440 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: 55/25/20 Blend
58$16,300,000$16,300,000$16,300,000$16,300,000
59$17,966,874$17,102,974$16,850,324$18,857,618
60$19,741,571$17,883,095$17,356,886$20,247,223
61$21,695,463$18,699,619$17,878,593$21,753,584
62$23,846,770$19,554,270$18,415,895$23,392,825
63$26,215,568$20,448,857$18,969,256$25,177,685
64$28,823,982$21,385,277$19,539,152$27,122,168
65$31,696,388$22,365,516$20,126,074$29,241,673
66$34,859,649$23,391,655$20,730,527$31,553,131
67$38,343,365$24,465,878$21,353,031$34,075,163
68$42,180,153$25,590,471$21,994,122$36,828,248
69$46,405,955$26,767,830$22,654,352$39,834,914
70$51,060,377$28,000,468$23,334,287$43,119,942
71$56,187,061$29,291,017$24,034,511$46,710,595
72$61,834,101$30,642,237$24,755,627$50,636,871
73$68,054,492$32,057,019$25,498,253$54,931,776
74$74,906,632$33,538,395$26,263,026$59,631,632
75$82,454,874$35,089,541$27,050,603$64,776,413
76$90,770,131$36,713,788$27,861,658$70,410,112
77$99,930,547$38,414,627$28,696,886$76,581,152
78$110,022,234$40,195,715$29,557,004$83,342,832
79$121,140,085$42,060,888$30,442,746$90,753,825
80$133,388,667$44,014,165$31,354,872$98,878,721
81$146,883,212$46,059,760$32,294,161$107,788,628
82$161,750,701$48,202,090$33,261,416$117,561,833
83$178,131,064$50,445,784$34,257,465$128,284,534
84$196,178,501$52,795,695$35,283,158$140,051,640
85$216,062,935$55,256,911$36,339,371$152,967,657
86$237,971,619$57,834,765$37,427,005$167,147,664
87$262,110,903$60,534,847$38,546,988$182,718,388
88$288,708,178$63,363,017$39,700,276$199,819,385
89$318,014,027$66,325,420$40,887,850$218,604,348
90$350,304,588$69,428,496$42,110,723$239,242,543
91$385,884,159$72,678,995$43,369,935$261,920,391
92$425,088,075$76,083,997$44,666,559$286,843,216
93$468,285,867$79,650,922$46,001,698$314,237,167
94$515,884,757$83,387,549$47,376,486$344,351,334
95$568,333,496$87,302,032$48,792,092$377,460,087
96$626,126,604$91,402,923$50,249,719$413,865,645
97$689,809,037$95,699,185$51,750,603$453,900,913
98$759,981,329$100,200,216$53,296,019$497,932,604
99$837,305,266$104,915,868$54,887,277$546,364,680
100$922,510,128$109,856,471$56,525,726$599,642,146