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%17.1%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,277,712
2 years$674,532$661,969$649,794$637,990$626,540$588,536
3 years$445,221$432,604$420,460$408,766$397,502$360,707
4 years$330,588$318,010$305,987$294,493$283,502$248,198
5 years$261,826$249,324$237,459$226,199$215,514$181,796
6 years$216,000$203,592$191,902$180,893$170,529$138,429
7 years$183,280$170,976$159,471$148,722$138,686$108,203
8 years$158,751$146,558$135,244$124,759$115,053$86,171
9 years$139,683$127,605$116,486$106,267$96,891$69,580
10 years$124,437$112,478$101,555$91,603$82,556$56,779
11 years$111,972$100,132$89,407$79,722$71,001$46,715
12 years$101,592$89,873$79,347$69,927$61,528$38,685
13 years$92,815$81,219$70,891$61,735$53,654$32,203
14 years$85,299$73,826$63,696$54,802$47,032$26,921
15 years$78,790$67,441$57,509$48,873$41,411$22,584
16 years$73,101$61,876$52,140$43,761$36,599$18,999
17 years$68,087$56,986$47,446$39,319$32,451$16,021
18 years$63,634$52,657$43,312$35,434$28,854$13,537
19 years$59,655$48,802$39,650$32,018$25,718$11,456
20 years$56,078$45,349$36,389$28,998$22,972$9,709
21 years$52,846$42,241$33,470$26,318$20,558$8,238
22 years$49,912$39,431$30,848$23,929$18,427$6,996
23 years$47,237$36,879$28,483$21,793$16,541$5,947
24 years$44,789$34,553$26,342$19,876$14,867$5,058
25 years$42,540$32,426$24,398$18,152$13,378$4,305
26 years$40,467$30,475$22,628$16,597$12,051$3,666
27 years$38,551$28,681$21,012$15,192$10,865$3,123
28 years$36,775$27,026$19,533$13,919$9,804$2,661
29 years$35,124$25,496$18,177$12,764$8,852$2,269
30 years$33,587$24,078$16,932$11,714$7,999$1,934
31 years$32,151$22,762$15,785$10,759$7,232$1,650
32 years$30,808$21,537$14,727$9,887$6,541$1,407
33 years$29,549$20,396$13,751$9,092$5,920$1,201
34 years$28,367$19,331$12,848$8,366$5,360$1,025
35 years$27,254$18,335$12,012$7,701$4,855$874
36 years$26,206$17,403$11,237$7,092$4,399$746
37 years$25,216$16,529$10,518$6,535$3,987$637
38 years$24,281$15,708$9,849$6,023$3,614$544
39 years$23,397$14,937$9,228$5,554$3,277$464
40 years$22,558$14,211$8,649$5,123$2,973$396
41 years$21,763$13,528$8,110$4,726$2,697$338
42 years$21,007$12,883$7,608$4,362$2,447$289
43 years$20,288$12,275$7,139$4,026$2,221$247
44 years$19,604$11,701$6,701$3,718$2,016$211
45 years$18,953$11,158$6,292$3,433$1,830$180
46 years$18,331$10,644$5,910$3,171$1,662$154
47 years$17,738$10,158$5,552$2,930$1,509$131
48 years$17,171$9,697$5,217$2,707$1,370$112
49 years$16,629$9,260$4,904$2,502$1,245$96
50 years$16,110$8,846$4,610$2,313$1,130$82

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 $2,586 every year, while hoping to spend $45,735 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: 61/34/5 Blend
58$16,500,000$16,500,000$16,500,000$16,500,000
59$18,185,667$17,311,167$17,055,417$19,280,094
60$19,991,944$18,110,753$17,578,112$20,810,635
61$21,980,928$18,947,985$18,116,784$22,474,236
62$24,171,207$19,824,661$18,671,921$24,288,074
63$26,583,263$20,742,663$19,244,024$26,266,616
64$29,239,667$21,703,964$19,833,610$28,425,764
65$32,165,289$22,710,634$20,441,212$30,783,002
66$35,387,534$23,764,841$21,067,378$33,357,555
67$38,936,602$24,868,858$21,712,675$36,170,562
68$42,845,770$26,025,067$22,377,684$39,245,275
69$47,151,710$27,235,966$23,063,007$42,607,265
70$51,894,828$28,504,172$23,769,262$46,284,661
71$57,119,654$29,832,431$24,497,086$50,308,409
72$62,875,257$31,223,618$25,247,136$54,712,554
73$69,215,707$32,680,749$26,020,089$59,534,553
74$76,200,589$34,206,985$26,816,642$64,815,625
75$83,895,563$35,805,641$27,637,513$70,601,126
76$92,372,983$37,480,190$28,483,443$76,940,972
77$101,712,582$39,234,275$29,355,193$83,890,099
78$112,002,224$41,071,712$30,253,550$91,508,974
79$123,338,730$42,996,505$31,179,323$99,864,152
80$135,828,796$45,012,850$32,133,347$109,028,896
81$149,589,999$47,125,145$33,116,479$119,083,856
82$164,751,905$49,338,003$34,129,607$130,117,820
83$181,457,292$51,656,259$35,173,642$142,228,540
84$199,863,501$54,084,980$36,249,524$155,523,637
85$220,143,916$56,629,482$37,358,221$170,121,612
86$242,489,605$59,295,337$38,500,732$186,152,942
87$267,111,122$62,088,385$39,678,083$203,761,303
88$294,240,491$65,014,751$40,891,334$223,104,905
89$324,133,404$68,080,856$42,141,576$244,357,977
90$357,071,626$71,293,433$43,429,933$267,712,385
91$393,365,659$74,659,539$44,757,564$293,379,434
92$433,357,675$78,186,575$46,125,661$321,591,839
93$477,424,742$81,882,301$47,535,454$352,605,904
94$525,982,383$85,754,851$48,988,210$386,703,921
95$579,488,504$89,812,757$50,485,233$424,196,811
96$638,447,711$94,064,961$52,027,867$465,427,041
97$703,416,075$98,520,842$53,617,498$510,771,831
98$775,006,383$103,190,232$55,255,553$560,646,688
99$853,893,922$108,083,441$56,943,502$615,509,307
100$940,822,851$113,211,279$58,682,858$675,863,862