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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,286,503
2 years$686,796$674,005$661,609$649,590$637,931$585,040
3 years$453,316$440,470$428,105$416,198$404,730$353,765
4 years$336,599$323,792$311,551$299,847$288,657$240,006
5 years$266,587$253,857$241,776$230,312$219,432$173,220
6 years$219,927$207,293$195,391$184,182$173,629$129,885
7 years$186,612$174,085$162,371$151,426$141,207$99,915
8 years$161,637$149,223$137,703$127,028$117,145$78,262
9 years$142,223$129,925$118,604$108,199$98,653$62,121
10 years$126,700$114,523$103,402$93,269$84,057$49,805
11 years$114,008$101,953$91,033$81,172$72,292$40,240
12 years$103,439$91,507$80,790$71,199$62,647$32,708
13 years$94,503$82,696$72,180$62,858$54,629$26,713
14 years$86,849$75,168$64,854$55,798$47,888$21,900
15 years$80,223$68,668$58,555$49,762$42,164$18,009
16 years$74,430$63,001$53,088$44,557$37,265$14,847
17 years$69,325$58,022$48,308$40,034$33,041$12,265
18 years$64,791$53,615$44,099$36,078$29,379$10,148
19 years$60,740$49,690$40,371$32,600$26,186$8,409
20 years$57,098$46,174$37,050$29,526$23,390$6,975
21 years$53,807$43,009$34,079$26,796$20,931$5,791
22 years$50,820$40,148$31,409$24,364$18,762$4,812
23 years$48,096$37,549$29,001$22,189$16,842$4,001
24 years$45,603$35,181$26,821$20,237$15,138$3,328
25 years$43,313$33,016$24,841$18,482$13,622$2,770
26 years$41,203$31,029$23,039$16,899$12,270$2,306
27 years$39,252$29,202$21,394$15,468$11,062$1,920
28 years$37,444$27,517$19,888$14,172$9,982$1,600
29 years$35,763$25,959$18,508$12,996$9,013$1,333
30 years$34,198$24,516$17,239$11,927$8,144$1,111
31 years$32,736$23,176$16,072$10,954$7,363$926
32 years$31,368$21,929$14,995$10,067$6,660$772
33 years$30,086$20,767$14,001$9,258$6,028$643
34 years$28,882$19,682$13,082$8,518$5,457$536
35 years$27,750$18,668$12,231$7,841$4,943$447
36 years$26,682$17,719$11,441$7,221$4,479$373
37 years$25,675$16,829$10,709$6,654$4,059$311
38 years$24,723$15,994$10,028$6,133$3,680$259
39 years$23,822$15,208$9,396$5,655$3,337$216
40 years$22,968$14,469$8,807$5,216$3,027$180
41 years$22,158$13,774$8,258$4,812$2,746$150
42 years$21,389$13,117$7,746$4,441$2,492$125
43 years$20,657$12,498$7,269$4,100$2,261$105
44 years$19,961$11,913$6,823$3,785$2,053$87
45 years$19,297$11,361$6,406$3,496$1,863$73
46 years$18,664$10,838$6,017$3,229$1,692$61
47 years$18,060$10,342$5,653$2,983$1,536$51
48 years$17,483$9,873$5,312$2,757$1,395$42
49 years$16,931$9,428$4,993$2,548$1,267$35
50 years$16,403$9,006$4,694$2,355$1,151$29

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 $4,926 every year, while hoping to spend $52,994 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: 71/6/23 Blend
58$16,800,000$16,800,000$16,800,000$16,800,000
59$18,518,681$17,628,281$17,367,881$19,726,921
60$20,351,201$18,435,682$17,893,320$21,341,544
61$22,368,863$19,280,869$18,434,585$23,102,208
62$24,590,493$20,165,638$18,992,150$25,028,831
63$27,036,840$21,091,871$19,566,504$27,137,883
64$29,730,765$22,061,540$20,158,149$29,447,494
65$32,697,460$23,076,712$20,767,604$31,977,628
66$35,964,684$24,139,554$21,395,401$34,750,267
67$39,563,025$25,252,335$22,042,091$37,789,618
68$43,526,190$26,417,436$22,708,237$41,122,339
69$47,891,322$27,637,351$23,394,423$44,777,786
70$52,699,349$28,914,693$24,101,249$48,788,289
71$57,995,372$30,252,203$24,829,331$53,189,457
72$63,829,092$31,652,753$25,579,305$58,020,507
73$70,255,275$33,119,353$26,351,827$63,324,635
74$77,334,270$34,655,158$27,147,570$69,149,418
75$85,132,580$36,263,476$27,967,229$75,547,265
76$93,723,490$37,947,773$28,811,518$82,575,901
77$103,187,756$39,711,684$29,681,173$90,298,916
78$113,614,367$41,559,017$30,576,952$98,786,357
79$125,101,389$43,493,765$31,499,637$108,115,390
80$137,756,885$45,520,114$32,450,029$118,371,021
81$151,699,939$47,642,451$33,428,957$129,646,896
82$167,061,778$49,865,376$34,437,272$142,046,181
83$183,987,011$52,193,711$35,475,852$155,682,535
84$202,634,992$54,632,509$36,545,600$170,681,172
85$223,181,329$57,187,070$37,647,445$187,180,045
86$245,819,536$59,862,948$38,782,345$205,331,143
87$270,762,861$62,665,965$39,951,287$225,301,915
88$298,246,303$65,602,227$41,155,285$247,276,855
89$328,528,823$68,678,133$42,395,383$271,459,231
90$361,895,793$71,900,392$43,672,660$298,073,003
91$398,661,692$75,276,039$44,988,221$327,364,930
92$439,173,066$78,812,447$46,343,209$359,606,894
93$483,811,809$82,517,347$47,738,796$395,098,462
94$532,998,762$86,398,845$49,176,194$434,169,706
95$587,197,685$90,465,437$50,656,646$477,184,313
96$646,919,639$94,726,034$52,181,433$524,543,013
97$712,727,808$99,189,976$53,751,877$576,687,353
98$785,242,814$103,867,055$55,369,335$634,103,863
99$865,148,580$108,767,539$57,035,207$697,328,634
100$953,198,780$113,902,193$58,750,931$766,952,377