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%15.9%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,283,926
2 years$674,532$661,969$649,794$637,990$626,540$594,685
3 years$445,221$432,604$420,460$408,766$397,502$366,597
4 years$330,588$318,010$305,987$294,493$283,502$253,783
5 years$261,826$249,324$237,459$226,199$215,514$187,064
6 years$216,000$203,592$191,902$180,893$170,529$143,378
7 years$183,280$170,976$159,471$148,722$138,686$112,836
8 years$158,751$146,558$135,244$124,759$115,053$90,495
9 years$139,683$127,605$116,486$106,267$96,891$73,604
10 years$124,437$112,478$101,555$91,603$82,556$60,513
11 years$111,972$100,132$89,407$79,722$71,001$50,171
12 years$101,592$89,873$79,347$69,927$61,528$41,877
13 years$92,815$81,219$70,891$61,735$53,654$35,143
14 years$85,299$73,826$63,696$54,802$47,032$29,622
15 years$78,790$67,441$57,509$48,873$41,411$25,059
16 years$73,101$61,876$52,140$43,761$36,599$21,263
17 years$68,087$56,986$47,446$39,319$32,451$18,088
18 years$63,634$52,657$43,312$35,434$28,854$15,419
19 years$59,655$48,802$39,650$32,018$25,718$13,167
20 years$56,078$45,349$36,389$28,998$22,972$11,261
21 years$52,846$42,241$33,470$26,318$20,558$9,643
22 years$49,912$39,431$30,848$23,929$18,427$8,267
23 years$47,237$36,879$28,483$21,793$16,541$7,093
24 years$44,789$34,553$26,342$19,876$14,867$6,091
25 years$42,540$32,426$24,398$18,152$13,378$5,234
26 years$40,467$30,475$22,628$16,597$12,051$4,500
27 years$38,551$28,681$21,012$15,192$10,865$3,871
28 years$36,775$27,026$19,533$13,919$9,804$3,331
29 years$35,124$25,496$18,177$12,764$8,852$2,868
30 years$33,587$24,078$16,932$11,714$7,999$2,470
31 years$32,151$22,762$15,785$10,759$7,232$2,127
32 years$30,808$21,537$14,727$9,887$6,541$1,833
33 years$29,549$20,396$13,751$9,092$5,920$1,580
34 years$28,367$19,331$12,848$8,366$5,360$1,361
35 years$27,254$18,335$12,012$7,701$4,855$1,174
36 years$26,206$17,403$11,237$7,092$4,399$1,012
37 years$25,216$16,529$10,518$6,535$3,987$872
38 years$24,281$15,708$9,849$6,023$3,614$752
39 years$23,397$14,937$9,228$5,554$3,277$649
40 years$22,558$14,211$8,649$5,123$2,973$559
41 years$21,763$13,528$8,110$4,726$2,697$483
42 years$21,007$12,883$7,608$4,362$2,447$416
43 years$20,288$12,275$7,139$4,026$2,221$359
44 years$19,604$11,701$6,701$3,718$2,016$310
45 years$18,953$11,158$6,292$3,433$1,830$267
46 years$18,331$10,644$5,910$3,171$1,662$230
47 years$17,738$10,158$5,552$2,930$1,509$199
48 years$17,171$9,697$5,217$2,707$1,370$172
49 years$16,629$9,260$4,904$2,502$1,245$148
50 years$16,110$8,846$4,610$2,313$1,130$128

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 $4,498 every year, while hoping to spend $40,586 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: 53/24/23 Blend
58$16,500,000$16,500,000$16,500,000$16,500,000
59$18,187,640$17,313,140$17,057,390$19,035,715
60$19,999,596$18,118,300$17,585,629$20,425,794
61$21,995,011$18,961,554$18,130,204$21,933,082
62$24,192,556$19,844,723$18,691,619$23,572,481
63$26,612,802$20,769,721$19,270,395$25,356,612
64$29,278,421$21,738,550$19,867,066$27,299,348
65$32,214,394$22,753,312$20,482,186$29,415,938
66$35,448,247$23,816,210$21,116,324$31,723,152
67$39,010,314$24,929,550$21,770,067$34,239,426
68$42,934,022$26,095,754$22,444,021$36,985,037
69$47,256,206$27,317,359$23,138,809$39,982,286
70$52,017,453$28,597,025$23,855,073$43,255,700
71$57,262,493$29,937,539$24,593,478$46,832,265
72$63,040,614$31,341,824$25,354,706$50,741,666
73$69,406,130$32,812,947$26,139,462$55,016,564
74$76,418,892$34,354,118$26,948,471$59,692,898
75$84,144,856$35,968,707$27,782,482$64,810,217
76$92,656,703$37,660,245$28,642,266$70,412,042
77$102,034,523$39,432,434$29,528,619$76,546,273
78$112,366,577$41,289,156$30,442,360$83,265,631
79$123,750,123$43,234,479$31,384,334$90,628,146
80$136,292,339$45,272,672$32,355,412$98,697,698
81$150,111,331$47,408,207$33,356,492$107,544,609
82$165,337,251$49,645,773$34,388,500$117,246,295
83$182,113,524$51,990,290$35,452,388$127,887,990
84$200,598,201$54,446,911$36,549,140$139,563,537
85$220,965,452$57,021,044$37,679,770$152,376,264
86$243,407,208$59,718,355$38,845,323$166,439,946
87$268,134,977$62,544,788$40,046,875$181,879,868
88$295,381,836$65,506,574$41,285,536$198,833,995
89$325,404,632$68,610,245$42,562,451$217,454,257
90$358,486,410$71,862,653$43,878,799$237,907,975
91$394,939,081$75,270,980$45,235,795$260,379,420
92$435,106,366$78,842,757$46,634,693$285,071,542
93$479,367,044$82,585,881$48,076,784$312,207,865
94$528,138,527$86,508,633$49,563,400$342,034,583
95$581,880,795$90,619,695$51,095,913$374,822,867
96$641,100,748$94,928,171$52,675,738$410,871,403
97$706,356,981$99,443,609$54,304,332$450,509,195
98$778,265,065$104,176,017$55,983,199$494,098,652
99$857,503,353$109,135,893$57,713,887$542,038,983
100$944,819,387$114,334,243$59,497,994$594,769,949