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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,322,735
2 years$682,708$669,993$657,671$645,723$634,134$625,111
3 years$450,618$437,848$425,556$413,721$402,321$393,500
4 years$334,595$321,865$309,696$298,063$286,938$278,389
5 years$265,000$252,346$240,337$228,941$218,126$209,873
6 years$218,618$206,059$194,228$183,086$172,596$164,649
7 years$185,501$173,048$161,404$150,525$140,367$132,731
8 years$160,675$148,334$136,884$126,272$116,448$109,123
9 years$141,376$129,152$117,898$107,555$98,066$91,049
10 years$125,946$113,841$102,786$92,714$83,557$76,846
11 years$113,329$101,346$90,491$80,689$71,862$65,451
12 years$102,823$90,963$80,309$70,775$62,274$56,158
13 years$93,940$82,204$71,750$62,484$54,304$48,477
14 years$86,333$74,721$64,468$55,466$47,603$42,057
15 years$79,745$68,259$58,206$49,466$41,913$36,641
16 years$73,987$62,626$52,772$44,291$37,043$32,037
17 years$68,912$57,676$48,021$39,795$32,845$28,098
18 years$64,405$53,296$43,837$35,864$29,204$24,707
19 years$60,378$49,394$40,130$32,406$26,030$21,774
20 years$56,758$45,899$36,830$29,350$23,251$19,227
21 years$53,487$42,753$33,876$26,637$20,807$17,007
22 years$50,517$39,909$31,222$24,219$18,650$15,066
23 years$47,810$37,326$28,828$22,057$16,742$13,364
24 years$45,332$34,972$26,661$20,117$15,048$11,867
25 years$43,055$32,819$24,694$18,372$13,541$10,549
26 years$40,957$30,845$22,902$16,798$12,197$9,385
27 years$39,018$29,029$21,267$15,376$10,997$8,357
28 years$37,221$27,353$19,770$14,088$9,922$7,446
29 years$35,550$25,805$18,398$12,919$8,960$6,638
30 years$33,994$24,370$17,137$11,856$8,096$5,922
31 years$32,541$23,038$15,976$10,889$7,319$5,285
32 years$31,182$21,798$14,906$10,007$6,621$4,719
33 years$29,907$20,643$13,918$9,202$5,992$4,215
34 years$28,710$19,565$13,004$8,467$5,425$3,766
35 years$27,584$18,557$12,158$7,794$4,914$3,366
36 years$26,523$17,614$11,373$7,178$4,452$3,009
37 years$25,522$16,729$10,645$6,614$4,035$2,691
38 years$24,576$15,898$9,969$6,096$3,658$2,407
39 years$23,680$15,118$9,340$5,621$3,317$2,153
40 years$22,832$14,383$8,754$5,185$3,009$1,927
41 years$22,026$13,692$8,209$4,783$2,730$1,724
42 years$21,262$13,039$7,700$4,415$2,477$1,543
43 years$20,534$12,424$7,225$4,075$2,248$1,381
44 years$19,842$11,843$6,782$3,763$2,040$1,236
45 years$19,182$11,293$6,368$3,475$1,852$1,107
46 years$18,553$10,773$5,981$3,210$1,682$991
47 years$17,953$10,281$5,619$2,966$1,527$888
48 years$17,379$9,814$5,281$2,740$1,387$795
49 years$16,830$9,372$4,963$2,533$1,260$712
50 years$16,305$8,953$4,666$2,341$1,144$638

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 $3,383 every year, while hoping to spend $54,581 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: 47/40/13 Blend
58$16,700,000$16,700,000$16,700,000$16,700,000
59$18,406,890$17,521,790$17,262,940$19,204,919
60$20,226,319$18,322,283$17,783,174$20,557,483
61$22,229,500$19,160,172$18,319,008$22,018,712
62$24,435,119$20,037,231$18,870,904$23,603,390
63$26,863,765$20,955,319$19,439,343$25,323,025
64$29,538,124$21,916,385$20,024,817$27,190,252
65$32,483,198$22,922,473$20,627,833$29,218,945
66$35,726,533$23,975,723$21,248,915$31,424,341
67$39,298,485$25,078,379$21,888,598$33,823,175
68$43,232,503$26,232,792$22,547,439$36,433,834
69$47,565,446$27,441,426$23,226,006$39,276,519
70$52,337,931$28,706,866$23,924,887$42,373,431
71$57,594,715$30,031,817$24,644,686$45,748,967
72$63,385,118$31,419,119$25,386,025$49,429,947
73$69,763,488$32,871,743$26,149,545$53,445,855
74$76,789,714$34,392,809$26,935,905$57,829,106
75$84,529,791$35,985,583$27,745,784$62,615,344
76$93,056,443$37,653,490$28,579,881$67,843,766
77$102,449,809$39,400,119$29,438,915$73,557,484
78$112,798,199$41,229,235$30,323,628$79,803,914
79$124,198,928$43,144,779$31,234,782$86,635,218
80$136,759,233$45,150,888$32,173,162$94,108,779
81$150,597,288$47,251,895$33,139,576$102,287,731
82$165,843,316$49,452,342$34,134,857$111,241,539
83$182,640,820$51,756,992$35,159,860$121,046,644
84$201,147,935$54,170,837$36,215,467$131,787,163
85$221,538,926$56,699,109$37,302,586$143,555,672
86$244,005,825$59,347,295$38,422,152$156,454,062
87$268,760,252$62,121,144$39,575,126$170,594,479
88$296,035,403$65,026,686$40,762,499$186,100,369
89$326,088,260$68,070,240$41,985,288$203,107,623
90$359,202,012$71,258,431$43,244,545$221,765,835
91$395,688,728$74,598,205$44,541,348$242,239,700
92$435,892,305$78,096,844$45,876,810$264,710,539
93$480,191,712$81,761,981$47,252,075$289,377,994
94$529,004,567$85,601,618$48,668,320$316,461,881
95$582,791,083$89,624,147$50,126,758$346,204,248
96$642,058,406$93,838,364$51,628,638$378,871,626
97$707,365,410$98,253,490$53,175,243$414,757,518
98$779,327,965$102,879,194$54,767,897$454,185,144
99$858,624,756$107,725,613$56,407,960$497,510,460
100$946,003,687$112,803,374$58,096,833$545,125,482