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%19%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,298,782
2 years$690,884$678,017$665,547$653,456$641,728$593,051
3 years$456,014$443,092$430,653$418,676$407,139$360,162
4 years$338,602$325,719$313,405$301,632$290,375$245,458
5 years$268,174$255,368$243,215$231,683$220,738$177,998
6 years$221,236$208,527$196,554$185,278$174,663$134,131
7 years$187,723$175,121$163,337$152,328$142,048$103,714
8 years$162,599$150,111$138,523$127,784$117,842$81,674
9 years$143,069$130,698$119,310$108,843$99,240$65,189
10 years$127,454$115,204$104,017$93,824$84,558$52,563
11 years$114,686$102,560$91,575$81,655$72,722$42,718
12 years$104,054$92,052$81,270$71,622$63,020$34,932
13 years$95,065$83,188$72,610$63,232$54,954$28,706
14 years$87,366$75,616$65,240$56,130$48,173$23,683
15 years$80,700$69,076$58,903$50,058$42,415$19,601
16 years$74,873$63,376$53,404$44,822$37,487$16,265
17 years$69,737$58,367$48,596$40,272$33,238$13,526
18 years$65,177$53,934$44,362$36,293$29,554$11,268
19 years$61,101$49,985$40,611$32,794$26,342$9,400
20 years$57,438$46,449$37,271$29,701$23,529$7,852
21 years$54,127$43,265$34,282$26,956$21,056$6,565
22 years$51,122$40,386$31,596$24,509$18,874$5,493
23 years$48,382$37,773$29,173$22,321$16,942$4,600
24 years$45,874$35,391$26,980$20,358$15,228$3,854
25 years$43,571$33,212$24,989$18,592$13,703$3,230
26 years$41,448$31,214$23,176$17,000$12,343$2,709
27 years$39,485$29,376$21,521$15,560$11,128$2,272
28 years$37,666$27,681$20,007$14,256$10,041$1,907
29 years$35,976$26,114$18,618$13,073$9,067$1,600
30 years$34,401$24,662$17,342$11,998$8,193$1,344
31 years$32,931$23,314$16,167$11,019$7,407$1,128
32 years$31,555$22,059$15,084$10,127$6,700$947
33 years$30,265$20,891$14,084$9,313$6,064$795
34 years$29,054$19,800$13,160$8,568$5,490$668
35 years$27,915$18,780$12,303$7,888$4,972$561
36 years$26,841$17,825$11,510$7,264$4,505$471
37 years$25,828$16,929$10,773$6,693$4,083$396
38 years$24,870$16,089$10,088$6,169$3,702$333
39 years$23,964$15,299$9,452$5,688$3,357$280
40 years$23,105$14,556$8,859$5,247$3,045$235
41 years$22,290$13,856$8,307$4,841$2,762$197
42 years$21,516$13,196$7,792$4,467$2,507$166
43 years$20,780$12,573$7,312$4,124$2,275$139
44 years$20,080$11,984$6,863$3,808$2,065$117
45 years$19,412$11,428$6,445$3,517$1,875$98
46 years$18,775$10,902$6,053$3,248$1,702$83
47 years$18,168$10,404$5,687$3,001$1,545$69
48 years$17,587$9,932$5,344$2,773$1,404$58
49 years$17,032$9,484$5,023$2,563$1,275$49
50 years$16,500$9,060$4,722$2,369$1,158$41

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 $6,455 every year, while hoping to spend $22,653 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: 69/16/15 Blend
58$16,900,000$16,900,000$16,900,000$16,900,000
59$18,630,458$17,734,758$17,472,808$19,850,998
60$20,506,662$18,579,659$18,034,045$21,509,000
61$22,573,480$19,465,200$18,613,323$23,319,062
62$24,850,330$20,393,350$19,211,225$25,298,869
63$27,358,611$21,366,171$19,828,348$27,465,131
64$30,121,903$22,385,828$20,465,312$29,836,237
65$33,166,192$23,454,588$21,122,754$32,432,425
66$36,520,111$24,574,830$21,801,334$35,275,970
67$40,215,216$25,749,050$22,501,732$38,391,390
68$44,286,278$26,979,864$23,224,650$41,805,673
69$48,771,615$28,270,014$23,970,813$45,548,528
70$53,713,453$29,622,378$24,740,968$49,652,660
71$59,158,323$31,039,973$25,535,889$54,154,078
72$65,157,502$32,525,961$26,356,371$59,092,427
73$71,767,496$34,083,662$27,203,238$64,511,355
74$79,050,573$35,716,554$28,077,339$70,458,928
75$87,075,352$37,428,285$28,979,550$76,988,069
76$95,917,449$39,222,682$29,910,776$84,157,058
77$105,660,193$41,103,758$30,871,951$92,030,076
78$116,395,410$43,075,720$31,864,039$100,677,800
79$128,224,293$45,142,981$32,888,036$110,178,071
80$141,258,353$47,310,169$33,944,967$120,616,615
81$155,620,476$49,582,138$35,035,894$132,087,852
82$171,446,079$51,963,978$36,161,911$144,695,773
83$188,884,391$54,461,025$37,324,147$158,554,923
84$208,099,862$57,078,878$38,523,769$173,791,463
85$229,273,713$59,823,408$39,761,980$190,544,364
86$252,605,648$62,700,771$41,040,022$208,966,703
87$278,315,739$65,717,424$42,359,179$229,227,101
88$306,646,506$68,880,139$43,720,773$251,511,307
89$337,865,202$72,196,018$45,126,171$276,023,939
90$372,266,339$75,672,509$46,576,784$302,990,406
91$410,174,466$79,317,423$48,074,067$332,659,027
92$451,947,237$83,138,952$49,619,523$365,303,361
93$497,978,782$87,145,687$51,214,704$401,224,781
94$548,703,432$91,346,640$52,861,211$440,755,304
95$604,599,816$95,751,260$54,560,696$484,260,712
96$666,195,384$100,369,458$56,314,866$532,143,996
97$734,071,381$105,211,630$58,125,482$584,849,140
98$808,868,338$110,288,676$59,994,361$642,865,304
99$891,292,117$115,612,029$61,923,381$706,731,421
100$982,120,577$121,193,683$63,914,478$777,041,271