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%11.1%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,301,701
2 years$670,444$657,958$645,856$634,123$622,742$616,628
3 years$442,523$429,982$417,912$406,289$395,093$389,111
4 years$328,585$316,083$304,133$292,708$281,784$275,980
5 years$260,239$247,813$236,019$224,828$214,208$208,599
6 years$214,691$202,358$190,739$179,797$169,495$164,090
7 years$182,169$169,940$158,505$147,821$137,845$132,645
8 years$157,789$145,670$134,425$124,003$114,356$109,362
9 years$138,836$126,832$115,780$105,623$96,304$91,515
10 years$123,683$111,796$100,940$91,048$82,056$77,470
11 years$111,293$99,525$88,866$79,239$70,571$66,184
12 years$100,976$89,329$78,866$69,503$61,155$56,965
13 years$92,252$80,727$70,462$61,361$53,328$49,330
14 years$84,782$73,379$63,310$54,470$46,747$42,937
15 years$78,313$67,033$57,160$48,577$41,160$37,533
16 years$72,658$61,501$51,824$43,496$36,377$32,928
17 years$67,674$56,640$47,158$39,081$32,255$28,979
18 years$63,249$52,338$43,049$35,219$28,679$25,571
19 years$59,294$48,506$39,409$31,824$25,563$22,616
20 years$55,738$45,075$36,168$28,823$22,833$20,043
21 years$52,526$41,985$33,268$26,158$20,433$17,794
22 years$49,610$39,192$30,661$23,784$18,315$15,822
23 years$46,951$36,655$28,310$21,660$16,441$14,087
24 years$44,517$34,343$26,182$19,756$14,777$12,557
25 years$42,282$32,230$24,250$18,042$13,297$11,205
26 years$40,222$30,291$22,491$16,497$11,978$10,008
27 years$38,317$28,507$20,885$15,100$10,799$8,946
28 years$36,552$26,862$19,415$13,835$9,744$8,003
29 years$34,912$25,341$18,067$12,687$8,799$7,164
30 years$33,383$23,932$16,829$11,643$7,950$6,416
31 years$31,956$22,624$15,689$10,693$7,188$5,750
32 years$30,621$21,407$14,638$9,827$6,502$5,155
33 years$29,370$20,273$13,668$9,037$5,884$4,623
34 years$28,195$19,214$12,770$8,315$5,327$4,148
35 years$27,089$18,224$11,939$7,654$4,825$3,723
36 years$26,047$17,297$11,169$7,049$4,372$3,342
37 years$25,064$16,428$10,454$6,495$3,962$3,002
38 years$24,134$15,613$9,790$5,987$3,592$2,696
39 years$23,255$14,846$9,172$5,520$3,258$2,422
40 years$22,421$14,125$8,597$5,091$2,955$2,177
41 years$21,631$13,446$8,061$4,698$2,681$1,956
42 years$20,880$12,805$7,562$4,335$2,432$1,758
43 years$20,165$12,201$7,096$4,002$2,208$1,581
44 years$19,486$11,630$6,660$3,695$2,004$1,421
45 years$18,838$11,090$6,254$3,413$1,819$1,278
46 years$18,220$10,580$5,874$3,152$1,652$1,149
47 years$17,630$10,096$5,518$2,912$1,500$1,034
48 years$17,067$9,638$5,186$2,691$1,362$930
49 years$16,528$9,204$4,874$2,487$1,237$836
50 years$16,012$8,792$4,582$2,299$1,124$752

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 $2,313 every year, while hoping to spend $46,493 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: 72/11/17 Blend
58$16,400,000$16,400,000$16,400,000$16,400,000
59$18,075,186$17,205,986$16,951,786$19,305,117
60$19,869,387$17,999,611$17,470,202$20,915,750
61$21,845,038$18,830,565$18,004,428$22,673,187
62$24,020,598$19,700,629$18,554,942$24,596,618
63$26,416,407$20,611,669$19,122,241$26,702,486
64$29,054,878$21,565,638$19,706,834$29,008,888
65$31,960,710$22,564,589$20,309,247$31,535,750
66$35,161,117$23,610,668$20,930,022$34,305,008
67$38,686,088$24,706,128$21,569,715$37,340,816
68$42,568,671$25,853,330$22,228,901$40,669,767
69$46,845,279$27,054,747$22,908,174$44,321,145
70$51,556,042$28,312,974$23,608,142$48,327,194
71$56,745,178$29,630,729$24,329,434$52,723,425
72$62,461,414$31,010,863$25,072,698$57,548,942
73$68,758,445$32,456,362$25,838,600$62,846,811
74$75,695,441$33,970,358$26,627,828$68,664,462
75$83,337,606$35,556,135$27,441,090$75,054,133
76$91,756,789$37,217,134$28,279,115$82,073,359
77$101,032,171$38,956,962$29,142,654$89,785,512
78$111,251,000$40,779,402$30,032,481$98,260,393
79$122,509,428$42,688,418$30,949,394$107,574,888
80$134,913,406$44,688,167$31,894,215$117,813,689
81$148,579,692$46,783,006$32,867,791$129,070,088
82$163,636,951$48,977,503$33,870,992$141,446,853
83$180,226,967$51,276,448$34,904,717$155,057,191
84$198,505,985$53,684,861$35,969,892$170,025,817
85$218,646,182$56,208,006$37,067,471$186,490,117
86$240,837,296$58,851,402$38,198,434$204,601,447
87$265,288,414$61,620,834$39,363,795$224,526,549
88$292,229,946$64,522,369$40,564,596$246,449,125
89$321,915,800$67,562,365$41,801,910$270,571,558
90$354,625,781$70,747,490$43,076,843$297,116,821
91$390,668,229$74,084,736$44,390,536$326,330,569
92$430,382,932$77,581,431$45,744,162$358,483,455
93$474,144,330$81,245,260$47,138,930$393,873,678
94$522,365,054$85,084,280$48,576,087$432,829,782
95$575,499,819$89,106,940$50,056,916$475,713,757
96$634,049,717$93,322,096$51,582,739$522,924,444
97$698,566,945$97,739,035$53,154,918$574,901,290
98$769,660,021$102,367,496$54,774,855$632,128,488
99$847,999,527$107,217,687$56,443,997$695,139,538
100$934,324,440$112,300,315$58,163,832$764,522,269