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

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,231,574
2 years$654,092$641,910$630,104$618,657$607,554$563,392
3 years$431,730$419,495$407,719$396,379$385,457$342,809
4 years$320,570$308,373$296,715$285,569$274,911$234,103
5 years$253,892$241,768$230,263$219,344$208,983$170,123
6 years$209,455$197,422$186,087$175,411$165,361$128,478
7 years$177,726$165,795$154,639$144,215$134,483$99,571
8 years$153,940$142,117$131,146$120,979$111,567$78,597
9 years$135,450$123,738$112,956$103,047$93,955$62,887
10 years$120,667$109,069$98,478$88,828$80,054$50,836
11 years$108,579$97,098$86,698$77,307$68,850$41,422
12 years$98,513$87,150$76,942$67,808$59,664$33,962
13 years$90,002$78,758$68,743$59,865$52,028$27,985
14 years$82,714$71,589$61,766$53,141$45,607$23,153
15 years$76,403$65,398$55,766$47,392$40,156$19,217
16 years$70,886$60,001$50,560$42,435$35,490$15,993
17 years$66,023$55,259$46,008$38,127$31,468$13,339
18 years$61,706$51,062$41,999$34,360$27,980$11,145
19 years$57,847$47,323$38,448$31,048$24,939$9,326
20 years$54,379$43,975$35,286$28,120$22,276$7,814
21 years$51,245$40,961$32,456$25,520$19,935$6,553
22 years$48,400$38,236$29,913$23,204$17,869$5,501
23 years$45,806$35,761$27,620$21,132$16,040$4,621
24 years$43,431$33,506$25,544$19,274$14,417$3,884
25 years$41,250$31,444$23,659$17,602$12,973$3,266
26 years$39,241$29,552$21,942$16,094$11,686$2,748
27 years$37,383$27,812$20,375$14,731$10,536$2,312
28 years$35,661$26,207$18,941$13,497$9,506$1,947
29 years$34,060$24,723$17,627$12,377$8,584$1,639
30 years$32,569$23,348$16,418$11,359$7,756$1,381
31 years$31,177$22,072$15,306$10,433$7,012$1,163
32 years$29,875$20,885$14,281$9,588$6,343$980
33 years$28,654$19,778$13,334$8,817$5,741$826
34 years$27,507$18,745$12,459$8,112$5,197$696
35 years$26,428$17,779$11,648$7,468$4,708$586
36 years$25,412$16,875$10,897$6,878$4,265$494
37 years$24,452$16,028$10,199$6,337$3,866$417
38 years$23,546$15,232$9,551$5,841$3,505$351
39 years$22,688$14,484$8,948$5,385$3,178$296
40 years$21,875$13,780$8,387$4,967$2,883$249
41 years$21,103$13,118$7,864$4,583$2,615$210
42 years$20,370$12,493$7,377$4,230$2,373$177
43 years$19,674$11,903$6,922$3,904$2,154$149
44 years$19,010$11,346$6,498$3,605$1,955$126
45 years$18,378$10,820$6,101$3,329$1,775$106
46 years$17,776$10,322$5,731$3,075$1,611$90
47 years$17,200$9,850$5,384$2,841$1,463$76
48 years$16,650$9,403$5,059$2,625$1,329$64
49 years$16,125$8,979$4,755$2,426$1,207$54
50 years$15,622$8,577$4,471$2,243$1,096$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,000,000, adding $5,207 every year, while hoping to spend $57,822 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: 45/49/6 Blend
58$16,000,000$16,000,000$16,000,000$16,000,000
59$17,637,371$16,789,371$16,541,371$18,401,621
60$19,374,861$17,550,528$17,033,985$19,689,842
61$21,287,636$18,347,044$17,541,163$21,079,394
62$23,393,516$19,180,590$18,063,333$22,584,675
63$25,712,134$20,052,918$18,600,934$24,216,347
64$28,265,123$20,965,863$19,154,417$25,986,112
65$31,076,324$21,921,348$19,724,248$27,906,809
66$34,172,004$22,921,389$20,310,905$29,992,529
67$37,581,110$23,968,098$20,914,882$32,258,744
68$41,335,536$25,063,688$21,536,683$34,722,439
69$45,470,430$26,210,478$22,176,831$37,402,268
70$50,024,521$27,410,899$22,835,862$40,318,721
71$55,040,487$28,667,497$23,514,328$43,494,305
72$60,565,355$29,982,944$24,212,797$46,953,748
73$66,650,948$31,360,035$24,931,853$50,724,223
74$73,354,372$32,801,704$25,672,097$54,835,594
75$80,738,553$34,311,022$26,434,148$59,320,684
76$88,872,835$35,891,212$27,218,641$64,215,576
77$97,833,630$37,545,647$28,026,232$69,559,939
78$107,705,144$39,277,867$28,857,593$75,397,389
79$118,580,164$41,091,578$29,713,419$81,775,891
80$130,560,944$42,990,668$30,594,421$88,748,193
81$143,760,159$44,979,210$31,501,333$96,372,311
82$158,301,977$47,061,473$32,434,910$104,712,061
83$174,323,227$49,241,933$33,395,927$113,837,645
84$191,974,689$51,525,281$34,385,183$123,826,297
85$211,422,521$53,916,434$35,403,501$134,762,993
86$232,849,823$56,420,544$36,451,724$146,741,233
87$256,458,370$59,043,016$37,530,721$159,863,909
88$282,470,512$61,789,512$38,641,388$174,244,251
89$311,131,274$64,665,967$39,784,644$190,006,875
90$342,710,669$67,678,605$40,961,436$207,288,939
91$377,506,250$70,833,949$42,172,736$226,241,411
92$415,845,910$74,138,836$43,419,546$247,030,473
93$458,090,988$77,600,434$44,702,896$269,839,060
94$504,639,671$81,226,257$46,023,845$294,868,561
95$555,930,757$85,024,183$47,383,483$322,340,694
96$612,447,795$89,002,469$48,782,931$352,499,564
97$674,723,653$93,169,773$50,223,341$385,613,943
98$743,345,543$97,535,169$51,705,900$421,979,768
99$818,960,568$102,108,172$53,231,828$461,922,904
100$902,281,829$106,898,756$54,802,378$505,802,183