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%15.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,309,398
2 years$686,796$674,005$661,609$649,590$637,931$607,609
3 years$453,316$440,470$428,105$416,198$404,730$375,290
4 years$336,599$323,792$311,551$299,847$288,657$260,327
5 years$266,587$253,857$241,776$230,312$219,432$192,291
6 years$219,927$207,293$195,391$184,182$173,629$147,706
7 years$186,612$174,085$162,371$151,426$141,207$116,505
8 years$161,637$149,223$137,703$127,028$117,145$93,655
9 years$142,223$129,925$118,604$108,199$98,653$76,358
10 years$126,700$114,523$103,402$93,269$84,057$62,934
11 years$114,008$101,953$91,033$81,172$72,292$52,311
12 years$103,439$91,507$80,790$71,199$62,647$43,777
13 years$94,503$82,696$72,180$62,858$54,629$36,836
14 years$86,849$75,168$64,854$55,798$47,888$31,134
15 years$80,223$68,668$58,555$49,762$42,164$26,412
16 years$74,430$63,001$53,088$44,557$37,265$22,475
17 years$69,325$58,022$48,308$40,034$33,041$19,174
18 years$64,791$53,615$44,099$36,078$29,379$16,393
19 years$60,740$49,690$40,371$32,600$26,186$14,041
20 years$57,098$46,174$37,050$29,526$23,390$12,045
21 years$53,807$43,009$34,079$26,796$20,931$10,346
22 years$50,820$40,148$31,409$24,364$18,762$8,897
23 years$48,096$37,549$29,001$22,189$16,842$7,658
24 years$45,603$35,181$26,821$20,237$15,138$6,597
25 years$43,313$33,016$24,841$18,482$13,622$5,687
26 years$41,203$31,029$23,039$16,899$12,270$4,905
27 years$39,252$29,202$21,394$15,468$11,062$4,233
28 years$37,444$27,517$19,888$14,172$9,982$3,655
29 years$35,763$25,959$18,508$12,996$9,013$3,157
30 years$34,198$24,516$17,239$11,927$8,144$2,727
31 years$32,736$23,176$16,072$10,954$7,363$2,357
32 years$31,368$21,929$14,995$10,067$6,660$2,038
33 years$30,086$20,767$14,001$9,258$6,028$1,762
34 years$28,882$19,682$13,082$8,518$5,457$1,524
35 years$27,750$18,668$12,231$7,841$4,943$1,318
36 years$26,682$17,719$11,441$7,221$4,479$1,140
37 years$25,675$16,829$10,709$6,654$4,059$986
38 years$24,723$15,994$10,028$6,133$3,680$853
39 years$23,822$15,208$9,396$5,655$3,337$738
40 years$22,968$14,469$8,807$5,216$3,027$639
41 years$22,158$13,774$8,258$4,812$2,746$553
42 years$21,389$13,117$7,746$4,441$2,492$479
43 years$20,657$12,498$7,269$4,100$2,261$414
44 years$19,961$11,913$6,823$3,785$2,053$359
45 years$19,297$11,361$6,406$3,496$1,863$310
46 years$18,664$10,838$6,017$3,229$1,692$269
47 years$18,060$10,342$5,653$2,983$1,536$233
48 years$17,483$9,873$5,312$2,757$1,395$201
49 years$16,931$9,428$4,993$2,548$1,267$174
50 years$16,403$9,006$4,694$2,355$1,151$151

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 $5,704 every year, while hoping to spend $53,997 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: 60/18/22 Blend
58$16,800,000$16,800,000$16,800,000$16,800,000
59$18,519,484$17,629,084$17,368,684$19,522,468
60$20,351,019$18,435,456$17,893,082$21,009,873
61$22,367,560$19,279,532$18,433,238$22,625,544
62$24,587,923$20,163,100$18,989,623$24,387,132
63$27,032,836$21,088,037$19,562,721$26,308,810
64$29,725,145$22,056,310$20,153,031$28,406,167
65$32,690,020$23,069,980$20,761,068$30,696,351
66$35,955,200$24,131,206$21,387,361$33,198,232
67$39,551,247$25,242,253$22,032,455$35,932,571
68$43,511,843$26,405,492$22,696,911$38,922,211
69$47,874,101$27,623,410$23,381,307$42,192,293
70$52,678,916$28,898,615$24,086,238$45,770,487
71$57,971,354$30,233,836$24,812,316$49,687,243
72$63,801,076$31,631,937$25,560,172$53,976,081
73$70,222,804$33,095,920$26,330,456$58,673,900
74$77,296,839$34,628,930$27,123,836$63,821,315
75$85,089,633$36,234,263$27,941,000$69,463,044
76$93,674,409$37,915,376$28,782,657$75,648,316
77$103,131,860$39,675,891$29,649,538$82,431,336
78$113,550,905$41,519,605$30,542,393$89,871,784
79$125,029,530$43,450,498$31,461,995$98,035,377
80$137,675,712$45,472,742$32,409,142$106,994,478
81$151,608,440$47,590,712$33,384,653$116,828,775
82$166,958,835$49,808,990$34,389,373$127,626,023
83$183,871,389$52,132,384$35,424,171$139,482,867
84$202,505,331$54,565,931$36,489,940$152,505,741
85$223,036,125$57,114,912$37,587,604$166,811,871
86$245,657,131$59,784,864$38,718,109$182,530,368
87$270,581,426$62,581,589$39,882,434$199,803,435
88$298,043,817$65,511,174$41,081,581$218,787,707
89$328,303,060$68,579,995$42,316,588$239,655,710
90$361,644,297$71,794,740$43,588,519$262,597,487
91$398,381,752$75,162,418$44,898,470$287,822,376
92$438,861,694$78,690,379$46,247,572$315,560,975
93$483,465,707$82,386,329$47,636,986$346,067,307
94$532,614,293$86,258,343$49,067,910$379,621,204
95$586,770,841$90,314,891$50,541,574$416,530,940
96$646,445,997$94,564,852$52,059,248$457,136,119
97$712,202,493$99,017,533$53,622,236$501,810,874
98$784,660,449$103,682,695$55,231,883$550,967,377
99$864,503,237$108,570,568$56,889,573$605,059,721
100$952,483,922$113,691,881$58,596,729$664,588,181