Can I retire at age 59 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,337,456
2 years$690,884$678,017$665,547$653,456$641,728$631,471
3 years$456,014$443,092$430,653$418,676$407,139$397,116
4 years$338,602$325,719$313,405$301,632$290,375$280,663
5 years$268,174$255,368$243,215$231,683$220,738$211,367
6 years$221,236$208,527$196,554$185,278$174,663$165,643
7 years$187,723$175,121$163,337$152,328$142,048$133,384
8 years$162,599$150,111$138,523$127,784$117,842$109,535
9 years$143,069$130,698$119,310$108,843$99,240$91,287
10 years$127,454$115,204$104,017$93,824$84,558$76,954
11 years$114,686$102,560$91,575$81,655$72,722$65,463
12 years$104,054$92,052$81,270$71,622$63,020$56,098
13 years$95,065$83,188$72,610$63,232$54,954$48,362
14 years$87,366$75,616$65,240$56,130$48,173$41,903
15 years$80,700$69,076$58,903$50,058$42,415$36,458
16 years$74,873$63,376$53,404$44,822$37,487$31,834
17 years$69,737$58,367$48,596$40,272$33,238$27,881
18 years$65,177$53,934$44,362$36,293$29,554$24,481
19 years$61,101$49,985$40,611$32,794$26,342$21,545
20 years$57,438$46,449$37,271$29,701$23,529$18,997
21 years$54,127$43,265$34,282$26,956$21,056$16,779
22 years$51,122$40,386$31,596$24,509$18,874$14,841
23 years$48,382$37,773$29,173$22,321$16,942$13,144
24 years$45,874$35,391$26,980$20,358$15,228$11,655
25 years$43,571$33,212$24,989$18,592$13,703$10,344
26 years$41,448$31,214$23,176$17,000$12,343$9,189
27 years$39,485$29,376$21,521$15,560$11,128$8,169
28 years$37,666$27,681$20,007$14,256$10,041$7,267
29 years$35,976$26,114$18,618$13,073$9,067$6,468
30 years$34,401$24,662$17,342$11,998$8,193$5,761
31 years$32,931$23,314$16,167$11,019$7,407$5,133
32 years$31,555$22,059$15,084$10,127$6,700$4,575
33 years$30,265$20,891$14,084$9,313$6,064$4,080
34 years$29,054$19,800$13,160$8,568$5,490$3,639
35 years$27,915$18,780$12,303$7,888$4,972$3,247
36 years$26,841$17,825$11,510$7,264$4,505$2,898
37 years$25,828$16,929$10,773$6,693$4,083$2,587
38 years$24,870$16,089$10,088$6,169$3,702$2,310
39 years$23,964$15,299$9,452$5,688$3,357$2,063
40 years$23,105$14,556$8,859$5,247$3,045$1,843
41 years$22,290$13,856$8,307$4,841$2,762$1,646
42 years$21,516$13,196$7,792$4,467$2,507$1,471
43 years$20,780$12,573$7,312$4,124$2,275$1,315
44 years$20,080$11,984$6,863$3,808$2,065$1,175
45 years$19,412$11,428$6,445$3,517$1,875$1,050
46 years$18,775$10,902$6,053$3,248$1,702$938
47 years$18,168$10,404$5,687$3,001$1,545$839
48 years$17,587$9,932$5,344$2,773$1,404$750
49 years$17,032$9,484$5,023$2,563$1,275$670
50 years$16,500$9,060$4,722$2,369$1,158$599

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,900,000, adding $6,051 every year, while hoping to spend $32,653 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: 62/16/22 Blend
58$16,900,000$16,900,000$16,900,000$16,900,000
59$18,630,042$17,734,342$17,472,392$19,677,530
60$20,495,563$18,568,582$18,022,974$21,220,549
61$22,550,274$19,442,605$18,590,907$22,900,322
62$24,813,436$20,358,327$19,176,736$24,733,588
63$27,306,276$21,317,755$19,781,027$26,735,316
64$30,052,185$22,322,994$20,404,360$28,921,971
65$33,076,938$23,376,250$21,047,336$31,311,672
66$36,408,937$24,479,838$21,710,573$33,924,354
67$40,079,482$25,636,184$22,394,711$36,781,954
68$44,123,063$26,847,831$23,100,408$39,908,614
69$48,577,687$28,117,446$23,828,343$43,330,904
70$53,485,236$29,447,825$24,579,217$47,078,068
71$58,891,862$30,841,901$25,353,753$51,182,297
72$64,848,425$32,302,747$26,152,696$55,679,024
73$71,410,969$33,833,586$26,976,816$60,607,257
74$78,641,255$35,437,799$27,826,907$66,009,942
75$86,607,341$37,118,929$28,703,786$71,934,360
76$95,384,224$38,880,691$29,608,298$78,432,568
77$105,054,553$40,726,983$30,541,313$85,561,886
78$115,709,400$42,661,888$31,503,731$93,385,429
79$127,449,130$44,689,692$32,496,477$101,972,699
80$140,384,339$46,814,885$33,520,507$111,400,232
81$154,636,905$49,042,177$34,576,807$121,752,314
82$170,341,133$51,376,508$35,666,393$133,121,769
83$187,645,028$53,823,055$36,790,316$145,610,827
84$206,711,686$56,387,250$37,949,657$159,332,079
85$227,720,839$59,074,787$39,145,532$174,409,536
86$250,870,550$61,891,637$40,379,093$190,979,786
87$276,379,080$64,844,061$41,651,527$209,193,275
88$304,486,952$67,938,626$42,964,059$229,215,718
89$335,459,219$71,182,217$44,317,953$251,229,653
90$369,587,967$74,582,053$45,714,512$275,436,154
91$407,195,073$78,145,706$47,155,080$302,056,716
92$448,635,240$81,881,116$48,641,046$331,335,336
93$494,299,353$85,796,608$50,173,839$363,540,803
94$544,618,159$89,900,915$51,754,935$398,969,224
95$600,066,342$94,203,190$53,385,856$437,946,803
96$661,167,000$98,713,037$55,068,173$480,832,912
97$728,496,582$103,440,524$56,803,505$528,023,462
98$802,690,334$108,396,210$58,593,523$579,954,630
99$884,448,292$113,591,169$60,439,950$637,106,960
100$974,541,893$119,037,012$62,344,564$700,009,882