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%12.3%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,334,667
2 years$690,884$678,017$665,547$653,456$641,728$628,670
3 years$456,014$443,092$430,653$418,676$407,139$394,390
4 years$338,602$325,719$313,405$301,632$290,375$278,034
5 years$268,174$255,368$243,215$231,683$220,738$208,841
6 years$221,236$208,527$196,554$185,278$174,663$163,224
7 years$187,723$175,121$163,337$152,328$142,048$131,073
8 years$162,599$150,111$138,523$127,784$117,842$107,330
9 years$143,069$130,698$119,310$108,843$99,240$89,188
10 years$127,454$115,204$104,017$93,824$84,558$74,959
11 years$114,686$102,560$91,575$81,655$72,722$63,570
12 years$104,054$92,052$81,270$71,622$63,020$54,304
13 years$95,065$83,188$72,610$63,232$54,954$46,665
14 years$87,366$75,616$65,240$56,130$48,173$40,299
15 years$80,700$69,076$58,903$50,058$42,415$34,946
16 years$74,873$63,376$53,404$44,822$37,487$30,409
17 years$69,737$58,367$48,596$40,272$33,238$26,540
18 years$65,177$53,934$44,362$36,293$29,554$23,222
19 years$61,101$49,985$40,611$32,794$26,342$20,363
20 years$57,438$46,449$37,271$29,701$23,529$17,890
21 years$54,127$43,265$34,282$26,956$21,056$15,742
22 years$51,122$40,386$31,596$24,509$18,874$13,872
23 years$48,382$37,773$29,173$22,321$16,942$12,240
24 years$45,874$35,391$26,980$20,358$15,228$10,811
25 years$43,571$33,212$24,989$18,592$13,703$9,558
26 years$41,448$31,214$23,176$17,000$12,343$8,457
27 years$39,485$29,376$21,521$15,560$11,128$7,489
28 years$37,666$27,681$20,007$14,256$10,041$6,635
29 years$35,976$26,114$18,618$13,073$9,067$5,882
30 years$34,401$24,662$17,342$11,998$8,193$5,218
31 years$32,931$23,314$16,167$11,019$7,407$4,630
32 years$31,555$22,059$15,084$10,127$6,700$4,110
33 years$30,265$20,891$14,084$9,313$6,064$3,650
34 years$29,054$19,800$13,160$8,568$5,490$3,242
35 years$27,915$18,780$12,303$7,888$4,972$2,881
36 years$26,841$17,825$11,510$7,264$4,505$2,561
37 years$25,828$16,929$10,773$6,693$4,083$2,276
38 years$24,870$16,089$10,088$6,169$3,702$2,024
39 years$23,964$15,299$9,452$5,688$3,357$1,800
40 years$23,105$14,556$8,859$5,247$3,045$1,601
41 years$22,290$13,856$8,307$4,841$2,762$1,424
42 years$21,516$13,196$7,792$4,467$2,507$1,267
43 years$20,780$12,573$7,312$4,124$2,275$1,127
44 years$20,080$11,984$6,863$3,808$2,065$1,003
45 years$19,412$11,428$6,445$3,517$1,875$892
46 years$18,775$10,902$6,053$3,248$1,702$794
47 years$18,168$10,404$5,687$3,001$1,545$707
48 years$17,587$9,932$5,344$2,773$1,404$629
49 years$17,032$9,484$5,023$2,563$1,275$560
50 years$16,500$9,060$4,722$2,369$1,158$498

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 $3,992 every year, while hoping to spend $55,110 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: 29/43/28 Blend
58$16,900,000$16,900,000$16,900,000$16,900,000
59$18,627,918$17,732,218$17,470,268$19,006,880
60$20,469,329$18,542,460$17,996,885$20,116,994
61$22,496,717$19,390,557$18,539,297$21,304,532
62$24,728,993$20,278,305$19,097,975$22,580,144
63$27,186,996$21,207,588$19,673,403$23,951,479
64$29,893,688$22,180,378$20,266,080$25,426,911
65$32,874,372$23,198,745$20,876,522$27,015,608
66$36,156,929$24,264,854$21,505,256$28,727,610
67$39,772,082$25,380,978$22,152,828$30,573,918
68$43,753,685$26,549,497$22,819,799$32,566,589
69$48,139,045$27,772,906$23,506,746$34,718,836
70$52,969,269$29,053,820$24,214,264$37,045,150
71$58,289,658$30,394,981$24,942,965$39,561,420
72$64,150,129$31,799,261$25,693,480$42,285,077
73$70,605,688$33,269,670$26,466,457$45,235,247
74$77,716,949$34,809,365$27,262,565$48,432,918
75$85,550,708$36,421,654$28,082,491$51,901,127
76$94,180,569$38,110,004$28,926,943$55,665,166
77$103,687,642$39,878,049$29,796,651$59,752,807
78$114,161,307$41,729,599$30,692,364$64,194,549
79$125,700,058$43,668,647$31,614,856$69,023,894
80$138,412,432$45,699,379$32,564,922$74,277,646
81$152,418,034$47,826,182$33,543,381$79,996,246
82$167,848,665$50,053,656$34,551,075$86,224,133
83$184,849,565$52,386,622$35,588,872$93,010,149
84$203,580,788$54,830,134$36,657,667$100,407,982
85$224,218,707$57,389,489$37,758,378$108,476,654
86$246,957,684$60,070,243$38,891,952$117,281,058
87$272,011,899$62,878,216$40,059,364$126,892,551
88$299,617,377$65,819,513$41,261,617$137,389,604
89$330,034,212$68,900,532$42,499,744$148,858,525
90$363,549,024$72,127,980$43,774,808$161,394,244
91$400,477,664$75,508,890$45,087,903$175,101,190
92$441,168,194$79,050,634$46,440,155$190,094,249
93$486,004,174$82,760,940$47,832,726$206,499,821
94$535,408,285$86,647,911$49,266,807$224,456,986
95$589,846,313$90,720,042$50,743,628$244,118,787
96$649,831,552$94,986,238$52,264,454$265,653,648
97$715,929,643$99,455,837$53,830,586$289,246,924
98$788,763,920$104,138,627$55,443,365$315,102,623
99$869,021,292$109,044,871$57,104,169$343,445,298
100$957,458,724$114,185,331$58,814,419$374,522,123