Can I retire at age 59 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,274,077
2 years$670,444$657,958$645,856$634,123$622,742$589,032
3 years$442,523$429,982$417,912$406,289$395,093$362,410
4 years$328,585$316,083$304,133$292,708$281,784$250,378
5 years$260,239$247,813$236,019$224,828$214,208$184,167
6 years$214,691$202,358$190,739$179,797$169,495$140,849
7 years$182,169$169,940$158,505$147,821$137,845$110,596
8 years$157,789$145,670$134,425$124,003$114,356$88,490
9 years$138,836$126,832$115,780$105,623$96,304$71,800
10 years$123,683$111,796$100,940$91,048$82,056$58,884
11 years$111,293$99,525$88,866$79,239$70,571$48,696
12 years$100,976$89,329$78,866$69,503$61,155$40,539
13 years$92,252$80,727$70,462$61,361$53,328$33,929
14 years$84,782$73,379$63,310$54,470$46,747$28,520
15 years$78,313$67,033$57,160$48,577$41,160$24,060
16 years$72,658$61,501$51,824$43,496$36,377$20,357
17 years$67,674$56,640$47,158$39,081$32,255$17,267
18 years$63,249$52,338$43,049$35,219$28,679$14,676
19 years$59,294$48,506$39,409$31,824$25,563$12,495
20 years$55,738$45,075$36,168$28,823$22,833$10,654
21 years$52,526$41,985$33,268$26,158$20,433$9,095
22 years$49,610$39,192$30,661$23,784$18,315$7,773
23 years$46,951$36,655$28,310$21,660$16,441$6,649
24 years$44,517$34,343$26,182$19,756$14,777$5,691
25 years$42,282$32,230$24,250$18,042$13,297$4,875
26 years$40,222$30,291$22,491$16,497$11,978$4,178
27 years$38,317$28,507$20,885$15,100$10,799$3,582
28 years$36,552$26,862$19,415$13,835$9,744$3,073
29 years$34,912$25,341$18,067$12,687$8,799$2,637
30 years$33,383$23,932$16,829$11,643$7,950$2,263
31 years$31,956$22,624$15,689$10,693$7,188$1,943
32 years$30,621$21,407$14,638$9,827$6,502$1,668
33 years$29,370$20,273$13,668$9,037$5,884$1,433
34 years$28,195$19,214$12,770$8,315$5,327$1,231
35 years$27,089$18,224$11,939$7,654$4,825$1,058
36 years$26,047$17,297$11,169$7,049$4,372$909
37 years$25,064$16,428$10,454$6,495$3,962$781
38 years$24,134$15,613$9,790$5,987$3,592$671
39 years$23,255$14,846$9,172$5,520$3,258$577
40 years$22,421$14,125$8,597$5,091$2,955$496
41 years$21,631$13,446$8,061$4,698$2,681$426
42 years$20,880$12,805$7,562$4,335$2,432$366
43 years$20,165$12,201$7,096$4,002$2,208$315
44 years$19,486$11,630$6,660$3,695$2,004$271
45 years$18,838$11,090$6,254$3,413$1,819$233
46 years$18,220$10,580$5,874$3,152$1,652$200
47 years$17,630$10,096$5,518$2,912$1,500$172
48 years$17,067$9,638$5,186$2,691$1,362$148
49 years$16,528$9,204$4,874$2,487$1,237$127
50 years$16,012$8,792$4,582$2,299$1,124$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,400,000, adding $4,233 every year, while hoping to spend $25,499 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: 52/25/23 Blend
58$16,400,000$16,400,000$16,400,000$16,400,000
59$18,077,166$17,207,966$16,953,766$18,901,405
60$19,893,907$18,024,026$17,494,587$20,287,336
61$21,895,100$18,879,218$18,052,670$21,791,096
62$24,099,533$19,775,433$18,628,568$23,426,314
63$26,527,909$20,714,653$19,222,848$25,205,511
64$29,203,042$21,698,956$19,836,100$27,142,444
65$32,150,070$22,730,524$20,468,927$29,252,235
66$35,396,698$23,811,640$21,121,957$31,551,506
67$38,973,452$24,944,701$21,795,833$34,058,534
68$42,913,973$26,132,221$22,491,223$36,793,412
69$47,255,332$27,376,833$23,208,813$39,778,239
70$52,038,380$28,681,302$23,949,312$43,037,317
71$57,308,134$30,048,525$24,713,453$46,597,375
72$63,114,200$31,481,539$25,501,990$50,487,819
73$69,511,245$32,983,531$26,315,703$54,740,993
74$76,559,510$34,557,842$27,155,397$59,392,486
75$84,325,378$36,207,974$28,021,901$64,481,456
76$92,882,004$37,937,603$28,916,072$70,050,988
77$102,310,003$39,750,579$29,838,795$76,148,499
78$112,698,209$41,650,943$30,790,980$82,826,172
79$124,144,518$43,642,932$31,773,570$90,141,440
80$136,756,811$45,730,987$32,787,537$98,157,518
81$150,653,968$47,919,768$33,833,882$106,943,990
82$165,966,996$50,214,160$34,913,640$116,577,456
83$182,840,263$52,619,287$36,027,880$127,142,241
84$201,432,858$55,140,520$37,177,702$138,731,181
85$221,920,099$57,783,495$38,364,245$151,446,488
86$244,495,183$60,554,120$39,588,681$165,400,701
87$269,371,011$63,458,592$40,852,221$180,717,733
88$296,782,200$66,503,408$42,156,116$197,534,030
89$326,987,293$69,695,384$43,501,655$215,999,842
90$360,271,205$73,041,666$44,890,168$236,280,627
91$396,947,909$76,549,748$46,323,030$258,558,596
92$437,363,401$80,227,492$47,801,657$283,034,419
93$481,898,968$84,083,139$49,327,513$309,929,095
94$530,974,785$88,125,334$50,902,106$339,486,029
95$585,053,881$92,363,145$52,526,995$371,973,304
96$644,646,516$96,806,077$54,203,788$407,686,193
97$710,314,988$101,464,103$55,934,143$446,949,926
98$782,678,953$106,347,680$57,719,773$490,122,740
99$862,421,265$111,467,774$59,562,443$537,599,234
100$950,294,428$116,835,889$61,463,979$589,814,073