Can I retire at age 59 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,281,848
2 years$678,620$665,981$653,733$641,856$630,337$588,544
3 years$447,919$435,226$423,008$411,244$399,912$359,496
4 years$332,592$319,937$307,842$296,278$285,220$246,491
5 years$263,413$250,835$238,898$227,570$216,820$179,882
6 years$217,309$204,825$193,065$181,989$171,562$136,447
7 years$184,391$172,012$160,438$149,624$139,526$106,230
8 years$159,713$147,446$136,064$125,515$115,750$84,251
9 years$140,529$128,378$117,192$106,911$97,479$67,741
10 years$125,192$113,159$102,171$92,159$83,057$55,036
11 years$112,651$100,739$89,949$80,206$71,431$45,077
12 years$102,207$90,418$79,828$70,351$61,901$37,157
13 years$93,377$81,711$71,321$62,109$53,979$30,785
14 years$85,816$74,273$64,082$55,134$47,318$25,611
15 years$79,268$67,850$57,857$49,170$41,662$21,378
16 years$73,544$62,251$52,456$44,026$36,821$17,895
17 years$68,499$57,331$47,733$39,557$32,648$15,013
18 years$64,020$52,976$43,574$35,649$29,029$12,619
19 years$60,017$49,098$39,890$32,212$25,874$10,623
20 years$56,418$45,624$36,609$29,174$23,111$8,955
21 years$53,167$42,497$33,673$26,477$20,682$7,557
22 years$50,215$39,670$31,035$24,074$18,539$6,383
23 years$47,523$37,102$28,656$21,925$16,641$5,396
24 years$45,060$34,762$26,501$19,996$14,958$4,564
25 years$42,797$32,623$24,546$18,262$13,460$3,863
26 years$40,712$30,660$22,765$16,698$12,124$3,271
27 years$38,785$28,855$21,139$15,284$10,931$2,771
28 years$36,998$27,190$19,652$14,003$9,863$2,348
29 years$35,337$25,650$18,288$12,841$8,906$1,990
30 years$33,790$24,224$17,034$11,785$8,047$1,687
31 years$32,346$22,900$15,880$10,824$7,275$1,430
32 years$30,995$21,668$14,817$9,947$6,581$1,213
33 years$29,728$20,520$13,834$9,147$5,956$1,029
34 years$28,538$19,448$12,926$8,416$5,392$873
35 years$27,419$18,446$12,085$7,748$4,884$741
36 years$26,365$17,508$11,305$7,135$4,425$628
37 years$25,369$16,629$10,582$6,574$4,011$533
38 years$24,429$15,803$9,909$6,060$3,636$452
39 years$23,538$15,027$9,284$5,587$3,297$384
40 years$22,695$14,297$8,702$5,154$2,991$326
41 years$21,894$13,610$8,159$4,755$2,713$277
42 years$21,134$12,961$7,654$4,388$2,462$235
43 years$20,411$12,350$7,182$4,051$2,234$199
44 years$19,723$11,772$6,742$3,740$2,028$169
45 years$19,067$11,225$6,330$3,454$1,841$144
46 years$18,442$10,709$5,945$3,191$1,672$122
47 years$17,845$10,219$5,586$2,948$1,518$103
48 years$17,275$9,756$5,249$2,724$1,379$88
49 years$16,729$9,316$4,934$2,517$1,252$75
50 years$16,207$8,899$4,638$2,327$1,137$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,600,000, adding $4,101 every year, while hoping to spend $58,119 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: 54/40/6 Blend
58$16,600,000$16,600,000$16,600,000$16,600,000
59$18,297,430$17,417,630$17,160,330$19,260,660
60$20,101,930$18,209,256$17,673,363$20,703,528
61$22,088,541$19,037,723$18,201,635$22,266,253
62$24,275,776$19,904,776$18,745,594$23,965,533
63$26,684,038$20,812,243$19,305,704$25,814,306
64$29,335,804$21,762,037$19,882,439$27,826,780
65$32,255,845$22,756,166$20,476,290$30,018,568
66$35,471,456$23,796,732$21,087,760$32,406,827
67$39,012,712$24,885,940$21,717,368$35,010,412
68$42,912,757$26,026,099$22,365,648$37,850,046
69$47,208,110$27,219,630$23,033,149$40,948,513
70$51,939,013$28,469,068$23,720,435$44,330,860
71$57,149,813$29,777,073$24,428,090$48,024,627
72$62,889,374$31,146,430$25,156,712$52,060,099
73$69,211,545$32,580,059$25,906,916$56,470,584
74$76,175,661$34,081,021$26,679,337$61,292,715
75$83,847,111$35,652,523$27,474,626$66,566,790
76$92,297,946$37,297,927$28,293,457$72,337,139
77$101,607,568$39,020,756$29,136,518$78,652,531
78$111,863,470$40,824,704$30,004,522$85,566,628
79$123,162,070$42,713,640$30,898,200$93,138,475
80$135,609,617$44,691,624$31,818,305$101,433,047
81$149,323,190$46,762,906$32,765,611$110,521,851
82$164,431,813$48,931,946$33,740,916$120,483,584
83$181,077,661$51,203,414$34,745,039$131,404,865
84$199,417,410$53,582,209$35,778,826$143,381,035
85$219,623,713$56,073,465$36,843,144$156,517,046
86$241,886,830$58,682,562$37,938,887$170,928,430
87$266,416,421$61,415,143$39,066,975$186,742,377
88$293,443,531$64,277,120$40,228,353$204,098,917
89$323,222,764$67,274,691$41,423,996$223,152,222
90$356,034,690$70,414,356$42,654,904$244,072,042
91$392,188,494$73,702,924$43,922,109$267,045,289
92$432,024,891$77,147,538$45,226,670$292,277,779
93$475,919,346$80,755,684$46,569,680$319,996,152
94$524,285,614$84,535,207$47,952,259$350,449,989
95$577,579,650$88,494,336$49,375,563$383,914,142
96$636,303,911$92,641,694$50,840,781$420,691,307
97$701,012,097$96,986,324$52,349,134$461,114,850
98$772,314,381$101,537,705$53,901,880$505,551,929
99$850,883,168$106,305,772$55,500,313$554,406,928
100$937,459,442$111,300,946$57,145,765$608,125,248