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

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,270,480
2 years$670,444$657,958$645,856$634,123$622,742$585,475
3 years$442,523$429,982$417,912$406,289$395,093$359,004
4 years$328,585$316,083$304,133$292,708$281,784$247,150
5 years$260,239$247,813$236,019$224,828$214,208$181,125
6 years$214,691$202,358$190,739$179,797$169,495$137,993
7 years$182,169$169,940$158,505$147,821$137,845$107,924
8 years$157,789$145,670$134,425$124,003$114,356$85,999
9 years$138,836$126,832$115,780$105,623$96,304$69,483
10 years$123,683$111,796$100,940$91,048$82,056$56,735
11 years$111,293$99,525$88,866$79,239$70,571$46,709
12 years$100,976$89,329$78,866$69,503$61,155$38,706
13 years$92,252$80,727$70,462$61,361$53,328$32,242
14 years$84,782$73,379$63,310$54,470$46,747$26,973
15 years$78,313$67,033$57,160$48,577$41,160$22,643
16 years$72,658$61,501$51,824$43,496$36,377$19,062
17 years$67,674$56,640$47,158$39,081$32,255$16,086
18 years$63,249$52,338$43,049$35,219$28,679$13,602
19 years$59,294$48,506$39,409$31,824$25,563$11,520
20 years$55,738$45,075$36,168$28,823$22,833$9,770
21 years$52,526$41,985$33,268$26,158$20,433$8,296
22 years$49,610$39,192$30,661$23,784$18,315$7,051
23 years$46,951$36,655$28,310$21,660$16,441$5,998
24 years$44,517$34,343$26,182$19,756$14,777$5,106
25 years$42,282$32,230$24,250$18,042$13,297$4,349
26 years$40,222$30,291$22,491$16,497$11,978$3,707
27 years$38,317$28,507$20,885$15,100$10,799$3,160
28 years$36,552$26,862$19,415$13,835$9,744$2,695
29 years$34,912$25,341$18,067$12,687$8,799$2,299
30 years$33,383$23,932$16,829$11,643$7,950$1,962
31 years$31,956$22,624$15,689$10,693$7,188$1,675
32 years$30,621$21,407$14,638$9,827$6,502$1,430
33 years$29,370$20,273$13,668$9,037$5,884$1,221
34 years$28,195$19,214$12,770$8,315$5,327$1,043
35 years$27,089$18,224$11,939$7,654$4,825$891
36 years$26,047$17,297$11,169$7,049$4,372$761
37 years$25,064$16,428$10,454$6,495$3,962$650
38 years$24,134$15,613$9,790$5,987$3,592$555
39 years$23,255$14,846$9,172$5,520$3,258$474
40 years$22,421$14,125$8,597$5,091$2,955$405
41 years$21,631$13,446$8,061$4,698$2,681$346
42 years$20,880$12,805$7,562$4,335$2,432$296
43 years$20,165$12,201$7,096$4,002$2,208$253
44 years$19,486$11,630$6,660$3,695$2,004$216
45 years$18,838$11,090$6,254$3,413$1,819$185
46 years$18,220$10,580$5,874$3,152$1,652$158
47 years$17,630$10,096$5,518$2,912$1,500$135
48 years$17,067$9,638$5,186$2,691$1,362$115
49 years$16,528$9,204$4,874$2,487$1,237$99
50 years$16,012$8,792$4,582$2,299$1,124$84

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 $4,615 every year, while hoping to spend $27,780 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: 47/27/26 Blend
58$16,400,000$16,400,000$16,400,000$16,400,000
59$18,077,560$17,208,360$16,954,160$18,792,435
60$19,891,914$18,022,012$17,492,567$20,109,686
61$21,890,400$18,874,602$18,048,079$21,535,597
62$24,091,772$19,768,008$18,621,241$23,082,897
63$26,516,693$20,704,201$19,212,612$24,762,995
64$29,187,934$21,685,245$19,822,773$26,588,426
65$32,130,587$22,713,307$20,452,321$28,572,961
66$35,372,304$23,790,656$21,101,870$30,731,730
67$38,943,555$24,919,673$21,772,059$33,081,360
68$42,877,916$26,102,856$22,463,541$35,640,125
69$47,212,389$27,342,821$23,176,995$38,428,113
70$51,987,747$28,642,314$23,913,119$41,467,407
71$57,248,923$30,004,213$24,672,634$44,782,289
72$63,045,428$31,431,535$25,456,282$48,399,457
73$69,431,826$32,927,444$26,264,832$52,348,274
74$76,468,244$34,495,260$27,099,075$56,661,036
75$84,220,938$36,138,462$27,959,828$61,373,264
76$92,762,925$37,860,697$28,847,934$66,524,036
77$102,174,666$39,665,794$29,764,261$72,156,343
78$112,544,826$41,557,762$30,709,709$78,317,488
79$123,971,116$43,540,810$31,685,201$85,059,517
80$136,561,208$45,619,348$32,691,694$92,439,706
81$150,433,759$47,798,004$33,730,174$100,521,087
82$165,719,525$50,081,628$34,801,656$109,373,030
83$182,562,596$52,475,307$35,907,192$119,071,889
84$201,121,760$54,984,377$37,047,862$129,701,709
85$221,572,000$57,614,431$38,224,785$141,355,004
86$244,106,142$60,371,337$39,439,114$154,133,619
87$268,936,681$63,261,245$40,692,037$168,149,676
88$296,297,784$66,290,607$41,984,781$183,526,616
89$326,447,501$69,466,190$43,318,614$200,400,350
90$359,670,200$72,795,087$44,694,842$218,920,524
91$396,279,253$76,284,740$46,114,813$239,251,917
92$436,619,996$79,942,950$47,579,917$261,575,974
93$481,072,981$83,777,901$49,091,591$286,092,504
94$530,057,581$87,798,174$50,651,314$313,021,544
95$584,035,937$92,012,767$52,260,616$342,605,415
96$643,517,328$96,431,119$53,921,073$375,110,990
97$709,062,978$101,063,126$55,634,311$410,832,191
98$781,291,351$105,919,168$57,402,009$450,092,734
99$860,883,992$111,010,131$59,225,900$493,249,169
100$948,591,962$116,347,430$61,107,770$540,694,214