Can I retire at age 59 with 16,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,326,070
2 years$682,708$669,993$657,671$645,723$634,134$628,469
3 years$450,618$437,848$425,556$413,721$402,321$396,778
4 years$334,595$321,865$309,696$298,063$286,938$281,560
5 years$265,000$252,346$240,337$228,941$218,126$212,927
6 years$218,618$206,059$194,228$183,086$172,596$167,584
7 years$185,501$173,048$161,404$150,525$140,367$135,545
8 years$160,675$148,334$136,884$126,272$116,448$111,816
9 years$141,376$129,152$117,898$107,555$98,066$93,623
10 years$125,946$113,841$102,786$92,714$83,557$79,301
11 years$113,329$101,346$90,491$80,689$71,862$67,790
12 years$102,823$90,963$80,309$70,775$62,274$58,383
13 years$93,940$82,204$71,750$62,484$54,304$50,591
14 years$86,333$74,721$64,468$55,466$47,603$44,063
15 years$79,745$68,259$58,206$49,466$41,913$38,543
16 years$73,987$62,626$52,772$44,291$37,043$33,837
17 years$68,912$57,676$48,021$39,795$32,845$29,799
18 years$64,405$53,296$43,837$35,864$29,204$26,313
19 years$60,378$49,394$40,130$32,406$26,030$23,289
20 years$56,758$45,899$36,830$29,350$23,251$20,654
21 years$53,487$42,753$33,876$26,637$20,807$18,350
22 years$50,517$39,909$31,222$24,219$18,650$16,328
23 years$47,810$37,326$28,828$22,057$16,742$14,549
24 years$45,332$34,972$26,661$20,117$15,048$12,979
25 years$43,055$32,819$24,694$18,372$13,541$11,590
26 years$40,957$30,845$22,902$16,798$12,197$10,360
27 years$39,018$29,029$21,267$15,376$10,997$9,268
28 years$37,221$27,353$19,770$14,088$9,922$8,297
29 years$35,550$25,805$18,398$12,919$8,960$7,433
30 years$33,994$24,370$17,137$11,856$8,096$6,663
31 years$32,541$23,038$15,976$10,889$7,319$5,976
32 years$31,182$21,798$14,906$10,007$6,621$5,362
33 years$29,907$20,643$13,918$9,202$5,992$4,813
34 years$28,710$19,565$13,004$8,467$5,425$4,322
35 years$27,584$18,557$12,158$7,794$4,914$3,882
36 years$26,523$17,614$11,373$7,178$4,452$3,488
37 years$25,522$16,729$10,645$6,614$4,035$3,135
38 years$24,576$15,898$9,969$6,096$3,658$2,818
39 years$23,680$15,118$9,340$5,621$3,317$2,534
40 years$22,832$14,383$8,754$5,185$3,009$2,279
41 years$22,026$13,692$8,209$4,783$2,730$2,050
42 years$21,262$13,039$7,700$4,415$2,477$1,844
43 years$20,534$12,424$7,225$4,075$2,248$1,660
44 years$19,842$11,843$6,782$3,763$2,040$1,493
45 years$19,182$11,293$6,368$3,475$1,852$1,344
46 years$18,553$10,773$5,981$3,210$1,682$1,210
47 years$17,953$10,281$5,619$2,966$1,527$1,089
48 years$17,379$9,814$5,281$2,740$1,387$980
49 years$16,830$9,372$4,963$2,533$1,260$883
50 years$16,305$8,953$4,666$2,341$1,144$795

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,700,000, adding $6,482 every year, while hoping to spend $29,203 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: 40/32/28 Blend
58$16,700,000$16,700,000$16,700,000$16,700,000
59$18,410,086$17,524,986$17,266,136$18,993,987
60$20,256,843$18,352,639$17,813,480$20,246,741
61$22,290,991$19,219,868$18,378,181$21,597,983
62$24,531,612$20,128,581$18,960,790$23,059,347
63$26,999,734$21,080,780$19,561,875$24,640,940
64$29,718,532$22,078,562$20,182,022$26,353,851
65$32,713,538$23,124,128$20,821,836$28,210,248
66$36,012,892$24,219,784$21,481,941$30,223,489
67$39,647,602$25,367,948$22,162,980$32,408,241
68$43,651,835$26,571,155$22,865,618$34,780,610
69$48,063,247$27,832,066$23,590,541$37,358,283
70$52,923,328$29,153,467$24,338,454$40,160,691
71$58,277,803$30,538,282$25,110,087$43,209,181
72$64,177,057$31,989,577$25,906,194$46,527,211
73$70,676,616$33,510,565$26,727,550$50,140,559
74$77,837,664$35,104,616$27,574,957$54,077,560
75$85,727,629$36,775,265$28,449,241$58,369,360
76$94,420,811$38,526,218$29,351,254$63,050,202
77$103,999,091$40,361,359$30,281,878$68,157,737
78$114,552,697$42,284,764$31,242,020$73,733,370
79$126,181,060$44,300,705$32,232,615$79,822,635
80$138,993,751$46,413,664$33,254,631$86,475,615
81$153,111,517$48,628,337$34,309,065$93,747,399
82$168,667,419$50,949,652$35,396,945$101,698,594
83$185,808,085$53,382,774$36,519,333$110,395,874
84$204,695,102$55,933,123$37,677,323$119,912,603
85$225,506,535$58,606,378$38,872,045$130,329,506
86$248,438,608$61,408,498$40,104,666$141,735,415
87$273,707,561$64,345,729$41,376,387$154,228,094
88$301,551,686$67,424,623$42,688,449$167,915,141
89$332,233,579$70,652,050$44,042,134$182,914,985
90$366,042,619$74,035,216$45,438,760$199,357,985
91$403,297,700$77,581,675$46,879,692$217,387,640
92$444,350,239$81,299,351$48,366,335$237,161,922
93$489,587,496$85,196,552$49,900,140$258,854,744
94$539,436,230$89,281,992$51,482,604$282,657,579
95$594,366,725$93,564,809$53,115,271$308,781,244
96$654,897,233$98,054,587$54,799,735$337,457,861
97$721,598,863$102,761,374$56,537,638$368,943,025
98$795,100,976$107,695,710$58,330,678$403,518,188
99$876,097,124$112,868,648$60,180,604$441,493,283
100$965,351,598$118,291,780$62,089,222$483,209,624