Can I retire at age 59 with 16,800,000?

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 $16,800,000?

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$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,334,011
2 years$686,796$674,005$661,609$649,590$637,931$632,233
3 years$453,316$440,470$428,105$416,198$404,730$399,153
4 years$336,599$323,792$311,551$299,847$288,657$283,246
5 years$266,587$253,857$241,776$230,312$219,432$214,203
6 years$219,927$207,293$195,391$184,182$173,629$168,588
7 years$186,612$174,085$162,371$151,426$141,207$136,356
8 years$161,637$149,223$137,703$127,028$117,145$112,485
9 years$142,223$129,925$118,604$108,199$98,653$94,183
10 years$126,700$114,523$103,402$93,269$84,057$79,776
11 years$114,008$101,953$91,033$81,172$72,292$68,196
12 years$103,439$91,507$80,790$71,199$62,647$58,733
13 years$94,503$82,696$72,180$62,858$54,629$50,894
14 years$86,849$75,168$64,854$55,798$47,888$44,327
15 years$80,223$68,668$58,555$49,762$42,164$38,773
16 years$74,430$63,001$53,088$44,557$37,265$34,040
17 years$69,325$58,022$48,308$40,034$33,041$29,977
18 years$64,791$53,615$44,099$36,078$29,379$26,471
19 years$60,740$49,690$40,371$32,600$26,186$23,429
20 years$57,098$46,174$37,050$29,526$23,390$20,778
21 years$53,807$43,009$34,079$26,796$20,931$18,460
22 years$50,820$40,148$31,409$24,364$18,762$16,426
23 years$48,096$37,549$29,001$22,189$16,842$14,636
24 years$45,603$35,181$26,821$20,237$15,138$13,056
25 years$43,313$33,016$24,841$18,482$13,622$11,660
26 years$41,203$31,029$23,039$16,899$12,270$10,422
27 years$39,252$29,202$21,394$15,468$11,062$9,324
28 years$37,444$27,517$19,888$14,172$9,982$8,347
29 years$35,763$25,959$18,508$12,996$9,013$7,478
30 years$34,198$24,516$17,239$11,927$8,144$6,703
31 years$32,736$23,176$16,072$10,954$7,363$6,011
32 years$31,368$21,929$14,995$10,067$6,660$5,394
33 years$30,086$20,767$14,001$9,258$6,028$4,842
34 years$28,882$19,682$13,082$8,518$5,457$4,348
35 years$27,750$18,668$12,231$7,841$4,943$3,905
36 years$26,682$17,719$11,441$7,221$4,479$3,509
37 years$25,675$16,829$10,709$6,654$4,059$3,154
38 years$24,723$15,994$10,028$6,133$3,680$2,835
39 years$23,822$15,208$9,396$5,655$3,337$2,549
40 years$22,968$14,469$8,807$5,216$3,027$2,293
41 years$22,158$13,774$8,258$4,812$2,746$2,062
42 years$21,389$13,117$7,746$4,441$2,492$1,855
43 years$20,657$12,498$7,269$4,100$2,261$1,669
44 years$19,961$11,913$6,823$3,785$2,053$1,502
45 years$19,297$11,361$6,406$3,496$1,863$1,352
46 years$18,664$10,838$6,017$3,229$1,692$1,217
47 years$18,060$10,342$5,653$2,983$1,536$1,095
48 years$17,483$9,873$5,312$2,757$1,395$986
49 years$16,931$9,428$4,993$2,548$1,267$888
50 years$16,403$9,006$4,694$2,355$1,151$799

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,800,000, adding $2,076 every year, while hoping to spend $31,195 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: 48/41/11 Blend
58$16,800,000$16,800,000$16,800,000$16,800,000
59$18,515,741$17,625,341$17,364,941$19,348,547
60$20,371,156$18,455,792$17,913,476$20,752,086
61$22,414,777$19,325,889$18,479,340$22,271,706
62$24,665,769$20,237,542$19,063,083$23,920,925
63$27,145,250$21,192,754$19,665,269$25,711,839
64$29,876,490$22,193,624$20,286,480$27,657,725
65$32,885,133$23,242,353$20,927,318$29,773,165
66$36,199,437$24,341,249$21,588,404$32,074,168
67$39,850,541$25,492,731$22,270,376$34,578,318
68$43,872,758$26,699,336$22,973,896$37,304,933
69$48,303,901$27,963,726$23,699,644$40,275,236
70$53,185,639$29,288,688$24,448,322$43,512,547
71$58,563,889$30,677,148$25,220,654$47,042,495
72$64,489,249$32,132,172$26,017,390$50,893,249
73$71,017,479$33,656,975$26,839,299$55,095,773
74$78,210,024$35,254,929$27,687,178$59,684,110
75$86,134,594$36,929,568$28,561,846$64,695,691
76$94,865,806$38,684,600$29,464,151$70,171,674
77$104,485,884$40,523,912$30,394,966$76,157,324
78$115,085,438$42,451,578$31,355,192$82,702,426
79$126,764,320$44,471,872$32,345,758$89,861,742
80$139,632,563$46,589,277$33,367,623$97,695,510
81$153,811,423$48,808,490$34,421,777$106,270,004
82$169,434,521$51,134,439$35,509,240$115,658,139
83$186,649,107$53,572,291$36,631,064$125,940,147
84$205,617,447$56,127,464$37,788,335$137,204,315
85$226,518,357$58,805,640$38,982,175$149,547,798
86$249,548,889$61,612,776$40,213,737$163,077,525
87$274,926,194$64,555,120$41,484,216$177,911,181
88$302,889,568$67,639,224$42,794,840$194,178,304
89$333,702,715$70,871,957$44,146,878$212,021,480
90$367,656,233$74,260,523$45,541,639$231,597,672
91$405,070,359$77,812,479$46,980,474$253,079,675
92$446,297,991$81,535,746$48,464,775$276,657,725
93$491,728,021$85,438,633$49,995,980$302,541,267
94$541,789,004$89,529,851$51,575,571$330,960,904
95$596,953,207$93,818,538$53,205,077$362,170,550
96$657,741,063$98,314,275$54,886,075$396,449,796
97$724,726,086$103,027,109$56,620,194$434,106,512
98$798,540,289$107,967,579$58,409,112$475,479,732
99$879,880,142$113,146,735$60,254,562$520,942,811
100$969,513,156$118,576,164$62,158,329$570,906,918