Can I retire at age 59 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,306,893
2 years$674,532$661,969$649,794$637,990$626,540$617,624
3 years$445,221$432,604$420,460$408,766$397,502$388,788
4 years$330,588$318,010$305,987$294,493$283,502$275,055
5 years$261,826$249,324$237,459$226,199$215,514$207,360
6 years$216,000$203,592$191,902$180,893$170,529$162,678
7 years$183,280$170,976$159,471$148,722$138,686$131,141
8 years$158,751$146,558$135,244$124,759$115,053$107,816
9 years$139,683$127,605$116,486$106,267$96,891$89,959
10 years$124,437$112,478$101,555$91,603$82,556$75,925
11 years$111,972$100,132$89,407$79,722$71,001$64,667
12 years$101,592$89,873$79,347$69,927$61,528$55,485
13 years$92,815$81,219$70,891$61,735$53,654$47,896
14 years$85,299$73,826$63,696$54,802$47,032$41,553
15 years$78,790$67,441$57,509$48,873$41,411$36,202
16 years$73,101$61,876$52,140$43,761$36,599$31,654
17 years$68,087$56,986$47,446$39,319$32,451$27,761
18 years$63,634$52,657$43,312$35,434$28,854$24,411
19 years$59,655$48,802$39,650$32,018$25,718$21,513
20 years$56,078$45,349$36,389$28,998$22,972$18,997
21 years$52,846$42,241$33,470$26,318$20,558$16,804
22 years$49,912$39,431$30,848$23,929$18,427$14,885
23 years$47,237$36,879$28,483$21,793$16,541$13,203
24 years$44,789$34,553$26,342$19,876$14,867$11,725
25 years$42,540$32,426$24,398$18,152$13,378$10,422
26 years$40,467$30,475$22,628$16,597$12,051$9,273
27 years$38,551$28,681$21,012$15,192$10,865$8,257
28 years$36,775$27,026$19,533$13,919$9,804$7,357
29 years$35,124$25,496$18,177$12,764$8,852$6,559
30 years$33,587$24,078$16,932$11,714$7,999$5,851
31 years$32,151$22,762$15,785$10,759$7,232$5,222
32 years$30,808$21,537$14,727$9,887$6,541$4,662
33 years$29,549$20,396$13,751$9,092$5,920$4,164
34 years$28,367$19,331$12,848$8,366$5,360$3,721
35 years$27,254$18,335$12,012$7,701$4,855$3,326
36 years$26,206$17,403$11,237$7,092$4,399$2,973
37 years$25,216$16,529$10,518$6,535$3,987$2,659
38 years$24,281$15,708$9,849$6,023$3,614$2,378
39 years$23,397$14,937$9,228$5,554$3,277$2,127
40 years$22,558$14,211$8,649$5,123$2,973$1,903
41 years$21,763$13,528$8,110$4,726$2,697$1,703
42 years$21,007$12,883$7,608$4,362$2,447$1,525
43 years$20,288$12,275$7,139$4,026$2,221$1,365
44 years$19,604$11,701$6,701$3,718$2,016$1,222
45 years$18,953$11,158$6,292$3,433$1,830$1,094
46 years$18,331$10,644$5,910$3,171$1,662$979
47 years$17,738$10,158$5,552$2,930$1,509$877
48 years$17,171$9,697$5,217$2,707$1,370$785
49 years$16,629$9,260$4,904$2,502$1,245$703
50 years$16,110$8,846$4,610$2,313$1,130$630

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,500,000, adding $6,828 every year, while hoping to spend $33,909 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: 64/19/17 Blend
58$16,500,000$16,500,000$16,500,000$16,500,000
59$18,190,043$17,315,543$17,059,793$19,276,989
60$20,009,349$18,127,926$17,595,217$20,819,559
61$22,013,087$18,978,979$18,147,442$22,499,493
62$24,220,034$19,870,561$18,716,993$24,333,871
63$26,650,880$20,804,622$19,304,416$26,337,770
64$29,328,426$21,783,204$19,910,269$28,527,777
65$32,277,795$22,808,450$20,535,133$30,922,138
66$35,526,672$23,882,606$21,179,602$33,540,932
67$39,105,566$25,008,027$21,844,291$36,406,255
68$43,048,094$26,187,182$22,529,836$39,542,419
69$47,391,305$27,422,658$23,236,890$42,976,184
70$52,176,020$28,717,170$23,966,128$46,737,001
71$57,447,226$30,073,564$24,718,246$50,857,288
72$63,254,497$31,494,823$25,493,961$55,372,729
73$69,652,461$32,984,074$26,294,014$60,322,605
74$76,701,316$34,544,598$27,119,168$65,750,162
75$84,467,400$36,179,833$27,970,210$71,703,009
76$93,023,815$37,893,385$28,847,952$78,233,565
77$102,451,118$39,689,034$29,753,231$85,399,547
78$112,838,080$41,570,745$30,686,913$93,264,505
79$124,282,525$43,542,673$31,649,886$101,898,418
80$136,892,256$45,609,177$32,643,070$111,378,346
81$150,786,066$47,774,826$33,667,413$121,789,149
82$166,094,865$50,044,413$34,723,891$133,224,283
83$182,962,912$52,422,961$35,813,513$145,786,670
84$201,549,182$54,915,738$36,937,318$159,589,662
85$222,028,858$57,528,269$38,096,378$174,758,105
86$244,594,994$60,266,346$39,291,799$191,429,503
87$269,460,330$63,136,044$40,524,721$209,755,309
88$296,859,305$66,143,731$41,796,320$229,902,345
89$327,050,267$69,296,087$43,107,809$252,054,362
90$360,317,913$72,600,114$44,460,440$276,413,768
91$396,975,977$76,063,157$45,855,502$303,203,524
92$437,370,192$79,692,917$47,294,327$332,669,236
93$481,881,551$83,497,469$48,778,286$365,081,462
94$530,929,905$87,485,281$50,308,794$400,738,253
95$584,977,930$91,665,234$51,887,313$439,967,950
96$644,535,488$96,046,640$53,515,347$483,132,270
97$710,164,445$100,639,263$55,194,449$530,629,706
98$782,483,976$105,453,345$56,926,221$582,899,270
99$862,176,407$110,499,623$58,712,314$640,424,625
100$949,993,655$115,789,360$60,554,432$703,738,628