Can I retire at age 59 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,253,309
2 years$658,180$645,922$634,042$622,523$611,351$580,774
3 years$434,428$422,117$410,267$398,857$387,866$358,194
4 years$322,574$310,301$298,569$287,354$276,629$248,092
5 years$255,479$243,280$231,702$220,715$210,289$182,965
6 years$210,764$198,656$187,250$176,508$166,395$140,312
7 years$178,837$166,831$155,605$145,117$135,323$110,486
8 years$154,902$143,005$131,966$121,735$112,264$88,662
9 years$136,297$124,512$113,662$103,691$94,542$72,156
10 years$121,421$109,751$99,093$89,383$80,555$59,360
11 years$109,257$97,705$87,240$77,790$69,280$49,247
12 years$99,129$87,694$77,423$68,232$60,036$41,132
13 years$90,565$79,250$69,173$60,239$52,353$34,541
14 years$83,231$72,036$62,152$53,473$45,892$29,134
15 years$76,880$65,806$56,115$47,689$40,407$24,664
16 years$71,329$60,376$50,876$42,700$35,712$20,943
17 years$66,436$55,604$46,295$38,366$31,665$17,828
18 years$62,092$51,381$42,262$34,575$28,155$15,209
19 years$58,209$47,619$38,689$31,242$25,095$12,998
20 years$54,719$44,250$35,506$28,295$22,415$11,125
21 years$51,565$41,217$32,659$25,680$20,059$9,534
22 years$48,702$38,475$30,100$23,349$17,980$8,179
23 years$46,092$35,985$27,792$21,264$16,140$7,024
24 years$43,703$33,715$25,703$19,394$14,507$6,036
25 years$41,508$31,640$23,806$17,712$13,054$5,191
26 years$39,486$29,737$22,079$16,195$11,759$4,467
27 years$37,616$27,986$20,502$14,824$10,601$3,845
28 years$35,883$26,371$19,060$13,582$9,566$3,312
29 years$34,273$24,878$17,737$12,455$8,638$2,854
30 years$32,773$23,494$16,521$11,430$7,805$2,459
31 years$31,372$22,210$15,402$10,498$7,056$2,120
32 years$30,061$21,015$14,370$9,648$6,383$1,828
33 years$28,833$19,902$13,418$8,872$5,777$1,577
34 years$27,679$18,862$12,537$8,163$5,230$1,360
35 years$26,593$17,891$11,721$7,514$4,737$1,173
36 years$25,571$16,981$10,965$6,921$4,292$1,013
37 years$24,605$16,128$10,263$6,376$3,890$874
38 years$23,693$15,327$9,611$5,877$3,527$754
39 years$22,829$14,575$9,004$5,419$3,198$651
40 years$22,011$13,867$8,440$4,998$2,901$562
41 years$21,235$13,200$7,914$4,612$2,632$485
42 years$20,498$12,571$7,423$4,256$2,388$419
43 years$19,797$11,978$6,966$3,929$2,167$361
44 years$19,129$11,417$6,539$3,628$1,967$312
45 years$18,493$10,887$6,139$3,350$1,786$269
46 years$17,887$10,386$5,766$3,095$1,621$233
47 years$17,308$9,911$5,417$2,859$1,472$201
48 years$16,754$9,462$5,091$2,642$1,337$173
49 years$16,225$9,035$4,785$2,442$1,214$150
50 years$15,719$8,631$4,499$2,257$1,103$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,100,000, adding $4,877 every year, while hoping to spend $55,874 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: 57/36/7 Blend
58$16,100,000$16,100,000$16,100,000$16,100,000
59$17,747,231$16,893,931$16,644,381$18,731,314
60$19,497,999$17,662,284$17,142,518$20,162,278
61$21,425,472$18,466,413$17,655,470$21,713,928
62$23,547,617$19,308,014$18,183,674$23,403,118
63$25,884,227$20,188,860$18,727,581$25,242,984
64$28,457,117$21,110,813$19,287,654$27,247,964
65$31,290,321$22,075,821$19,864,369$29,433,927
66$34,410,326$23,085,928$20,458,217$31,818,316
67$37,846,315$24,143,275$21,069,703$34,420,309
68$41,630,448$25,250,104$21,699,347$37,260,991
69$45,798,163$26,408,769$22,347,685$40,363,549
70$50,388,510$27,621,732$23,015,266$43,753,482
71$55,444,518$28,891,577$23,702,657$47,458,836
72$61,013,605$30,221,010$24,410,442$51,510,460
73$67,148,021$31,612,869$25,139,221$55,942,290
74$73,905,346$33,070,126$25,889,611$60,791,660
75$81,349,027$34,595,898$26,662,249$66,099,649
76$89,548,981$36,193,450$27,457,788$71,911,454
77$98,582,255$37,866,207$28,276,902$78,276,814
78$108,533,750$39,617,756$29,120,283$85,250,463
79$119,497,025$41,451,859$29,988,645$92,892,642
80$131,575,178$43,372,456$30,882,721$101,269,654
81$144,881,821$45,383,681$31,803,267$110,454,476
82$159,542,149$47,489,864$32,751,059$120,527,442
83$175,694,126$49,695,545$33,726,897$131,576,985
84$193,489,783$52,005,483$34,731,604$143,700,458
85$213,096,655$54,424,666$35,766,027$157,005,042
86$234,699,362$56,958,322$36,831,036$171,608,742
87$258,501,350$59,611,933$37,927,530$187,641,486
88$284,726,815$62,391,245$39,056,429$205,246,337
89$313,622,815$65,302,281$40,218,684$224,580,826
90$345,461,603$68,351,354$41,415,271$245,818,421
91$380,543,199$71,545,083$42,647,195$269,150,149
92$419,198,220$74,890,407$43,915,491$294,786,380
93$461,791,002$78,394,600$45,221,223$322,958,791
94$508,723,036$82,065,287$46,565,486$353,922,535
95$560,436,761$85,910,462$47,949,406$387,958,626
96$617,419,743$89,938,506$49,374,142$425,376,572
97$680,209,268$94,158,205$50,840,888$466,517,270
98$749,397,426$98,578,770$52,350,870$511,756,202
99$825,636,691$103,209,856$53,905,352$561,506,952
100$909,646,083$108,061,589$55,505,631$616,225,083