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%15.5%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,293,810
2 years$678,620$665,981$653,733$641,856$630,337$600,376
3 years$447,919$435,226$423,008$411,244$399,912$370,823
4 years$332,592$319,937$307,842$296,278$285,220$257,228
5 years$263,413$250,835$238,898$227,570$216,820$190,002
6 years$217,309$204,825$193,065$181,989$171,562$145,947
7 years$184,391$172,012$160,438$149,624$139,526$115,118
8 years$159,713$147,446$136,064$125,515$115,750$92,540
9 years$140,529$128,378$117,192$106,911$97,479$75,449
10 years$125,192$113,159$102,171$92,159$83,057$62,184
11 years$112,651$100,739$89,949$80,206$71,431$51,688
12 years$102,207$90,418$79,828$70,351$61,901$43,256
13 years$93,377$81,711$71,321$62,109$53,979$36,397
14 years$85,816$74,273$64,082$55,134$47,318$30,763
15 years$79,268$67,850$57,857$49,170$41,662$26,098
16 years$73,544$62,251$52,456$44,026$36,821$22,208
17 years$68,499$57,331$47,733$39,557$32,648$18,946
18 years$64,020$52,976$43,574$35,649$29,029$16,198
19 years$60,017$49,098$39,890$32,212$25,874$13,874
20 years$56,418$45,624$36,609$29,174$23,111$11,901
21 years$53,167$42,497$33,673$26,477$20,682$10,223
22 years$50,215$39,670$31,035$24,074$18,539$8,791
23 years$47,523$37,102$28,656$21,925$16,641$7,567
24 years$45,060$34,762$26,501$19,996$14,958$6,518
25 years$42,797$32,623$24,546$18,262$13,460$5,619
26 years$40,712$30,660$22,765$16,698$12,124$4,847
27 years$38,785$28,855$21,139$15,284$10,931$4,183
28 years$36,998$27,190$19,652$14,003$9,863$3,611
29 years$35,337$25,650$18,288$12,841$8,906$3,119
30 years$33,790$24,224$17,034$11,785$8,047$2,695
31 years$32,346$22,900$15,880$10,824$7,275$2,329
32 years$30,995$21,668$14,817$9,947$6,581$2,013
33 years$29,728$20,520$13,834$9,147$5,956$1,741
34 years$28,538$19,448$12,926$8,416$5,392$1,505
35 years$27,419$18,446$12,085$7,748$4,884$1,302
36 years$26,365$17,508$11,305$7,135$4,425$1,126
37 years$25,369$16,629$10,582$6,574$4,011$974
38 years$24,429$15,803$9,909$6,060$3,636$843
39 years$23,538$15,027$9,284$5,587$3,297$730
40 years$22,695$14,297$8,702$5,154$2,991$631
41 years$21,894$13,610$8,159$4,755$2,713$546
42 years$21,134$12,961$7,654$4,388$2,462$473
43 years$20,411$12,350$7,182$4,051$2,234$409
44 years$19,723$11,772$6,742$3,740$2,028$354
45 years$19,067$11,225$6,330$3,454$1,841$307
46 years$18,442$10,709$5,945$3,191$1,672$265
47 years$17,845$10,219$5,586$2,948$1,518$230
48 years$17,275$9,756$5,249$2,724$1,379$199
49 years$16,729$9,316$4,934$2,517$1,252$172
50 years$16,207$8,899$4,638$2,327$1,137$149

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 $5,622 every year, while hoping to spend $43,822 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: 43/34/23 Blend
58$16,600,000$16,600,000$16,600,000$16,600,000
59$18,298,999$17,419,199$17,161,899$18,962,969
60$20,118,871$18,226,114$17,690,196$20,242,283
61$22,122,901$19,071,098$18,234,723$21,622,822
62$24,329,826$19,955,972$18,795,976$23,117,711
63$26,760,296$20,882,642$19,374,469$24,737,536
64$29,437,062$21,853,107$19,970,729$26,493,918
65$32,385,194$22,869,462$20,585,301$28,399,614
66$35,632,322$23,933,903$21,218,746$30,468,631
67$39,208,887$25,048,732$21,871,642$32,716,355
68$43,148,437$26,216,364$22,544,586$35,159,685
69$47,487,939$27,439,327$23,238,191$37,817,185
70$52,268,128$28,720,274$23,953,090$40,709,255
71$57,533,894$30,061,984$24,689,935$43,858,314
72$63,334,703$31,467,372$25,449,399$47,289,000
73$69,725,062$32,939,493$26,232,174$51,028,397
74$76,765,041$34,481,551$27,038,974$55,106,282
75$84,520,830$36,096,901$27,870,534$59,555,392
76$93,065,370$37,789,065$28,727,613$64,411,727
77$102,479,041$39,561,733$29,610,992$69,714,877
78$112,850,419$41,418,773$30,521,475$75,508,386
79$124,277,110$43,364,241$31,459,893$81,840,150
80$136,866,676$45,402,390$32,427,100$88,762,858
81$150,737,647$47,537,677$33,423,978$96,334,477
82$166,020,639$49,774,776$34,451,433$104,618,783
83$182,859,591$52,118,587$35,510,403$113,685,953
84$201,413,119$54,574,247$36,601,851$123,613,211
85$221,856,015$57,147,143$37,726,771$134,485,541
86$244,380,897$59,842,921$38,886,187$146,396,474
87$269,200,028$62,667,504$40,081,153$159,448,957
88$296,547,317$65,627,097$41,312,758$173,756,302
89$326,680,529$68,728,211$42,582,121$189,443,242
90$359,883,718$71,977,669$43,890,397$206,647,087
91$396,469,909$75,382,626$45,238,777$225,519,002
92$436,784,050$78,950,584$46,628,486$246,225,411
93$481,206,270$82,689,411$48,060,788$268,949,550
94$530,155,470$86,607,352$49,536,985$293,893,170
95$584,093,273$90,713,057$51,058,418$321,278,417
96$643,528,382$95,015,593$52,626,471$351,349,911
97$709,021,387$99,524,467$54,242,568$384,377,022
98$781,190,052$104,249,648$55,908,177$420,656,388
99$860,715,147$109,201,591$57,624,811$460,514,688
100$948,346,879$114,391,256$59,394,029$504,311,694