Can I retire at age 59 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,280,831
2 years$670,444$657,958$645,856$634,123$622,742$595,735
3 years$442,523$429,982$417,912$406,289$395,093$368,850
4 years$328,585$316,083$304,133$292,708$281,784$256,506
5 years$260,239$247,813$236,019$224,828$214,208$189,967
6 years$214,691$202,358$190,739$179,797$169,495$146,318
7 years$182,169$169,940$158,505$147,821$137,845$115,736
8 years$157,789$145,670$134,425$124,003$114,356$93,309
9 years$138,836$126,832$115,780$105,623$96,304$76,304
10 years$123,683$111,796$100,940$91,048$82,056$63,084
11 years$111,293$99,525$88,866$79,239$70,571$52,602
12 years$100,976$89,329$78,866$69,503$61,155$44,164
13 years$92,252$80,727$70,462$61,361$53,328$37,286
14 years$84,782$73,379$63,310$54,470$46,747$31,622
15 years$78,313$67,033$57,160$48,577$41,160$26,919
16 years$72,658$61,501$51,824$43,496$36,377$22,988
17 years$67,674$56,640$47,158$39,081$32,255$19,682
18 years$63,249$52,338$43,049$35,219$28,679$16,889
19 years$59,294$48,506$39,409$31,824$25,563$14,520
20 years$55,738$45,075$36,168$28,823$22,833$12,503
21 years$52,526$41,985$33,268$26,158$20,433$10,780
22 years$49,610$39,192$30,661$23,784$18,315$9,306
23 years$46,951$36,655$28,310$21,660$16,441$8,042
24 years$44,517$34,343$26,182$19,756$14,777$6,955
25 years$42,282$32,230$24,250$18,042$13,297$6,019
26 years$40,222$30,291$22,491$16,497$11,978$5,213
27 years$38,317$28,507$20,885$15,100$10,799$4,517
28 years$36,552$26,862$19,415$13,835$9,744$3,916
29 years$34,912$25,341$18,067$12,687$8,799$3,396
30 years$33,383$23,932$16,829$11,643$7,950$2,946
31 years$31,956$22,624$15,689$10,693$7,188$2,557
32 years$30,621$21,407$14,638$9,827$6,502$2,219
33 years$29,370$20,273$13,668$9,037$5,884$1,927
34 years$28,195$19,214$12,770$8,315$5,327$1,673
35 years$27,089$18,224$11,939$7,654$4,825$1,454
36 years$26,047$17,297$11,169$7,049$4,372$1,263
37 years$25,064$16,428$10,454$6,495$3,962$1,097
38 years$24,134$15,613$9,790$5,987$3,592$953
39 years$23,255$14,846$9,172$5,520$3,258$828
40 years$22,421$14,125$8,597$5,091$2,955$720
41 years$21,631$13,446$8,061$4,698$2,681$626
42 years$20,880$12,805$7,562$4,335$2,432$544
43 years$20,165$12,201$7,096$4,002$2,208$473
44 years$19,486$11,630$6,660$3,695$2,004$411
45 years$18,838$11,090$6,254$3,413$1,819$357
46 years$18,220$10,580$5,874$3,152$1,652$311
47 years$17,630$10,096$5,518$2,912$1,500$270
48 years$17,067$9,638$5,186$2,691$1,362$235
49 years$16,528$9,204$4,874$2,487$1,237$204
50 years$16,012$8,792$4,582$2,299$1,124$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,400,000, adding $6,969 every year, while hoping to spend $46,902 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: 56/17/27 Blend
58$16,400,000$16,400,000$16,400,000$16,400,000
59$18,079,989$17,210,789$16,956,589$18,957,838
60$19,874,244$18,004,214$17,474,731$20,355,439
61$21,849,942$18,834,945$18,008,659$21,871,933
62$24,025,539$19,704,760$18,558,852$23,523,301
63$26,421,374$20,615,524$19,125,805$25,322,565
64$29,059,860$21,569,191$19,710,024$27,284,047
65$31,965,692$22,567,807$20,312,036$29,423,498
66$35,166,082$23,613,519$20,932,379$31,758,245
67$38,691,019$24,708,579$21,571,611$34,307,352
68$42,573,547$25,855,343$22,230,304$37,091,790
69$46,850,078$27,056,283$22,909,048$40,134,637
70$51,560,737$28,313,992$23,608,452$43,461,286
71$56,749,739$29,631,185$24,329,142$47,099,683
72$62,465,809$31,010,710$25,071,765$51,080,584
73$68,762,637$32,455,550$25,836,985$55,437,842
74$75,699,389$33,968,835$26,625,487$60,208,717
75$83,341,263$35,553,844$27,437,977$65,434,227
76$91,760,106$37,214,016$28,275,182$71,159,526
77$101,035,088$38,952,954$29,137,852$77,434,324
78$111,253,455$40,774,437$30,026,758$84,313,351
79$122,511,348$42,682,425$30,942,696$91,856,866
80$134,914,713$44,681,071$31,886,483$100,131,219
81$148,580,297$46,774,728$32,858,965$109,209,470
82$163,636,757$48,967,959$33,861,009$119,172,072
83$180,225,865$51,265,548$34,893,512$130,107,618
84$198,503,855$53,672,511$35,957,396$142,113,675
85$218,642,890$56,194,106$37,053,611$155,297,692
86$240,832,693$58,835,846$38,183,135$169,778,008
87$265,282,336$61,603,510$39,346,978$185,684,956
88$292,222,211$64,503,159$40,546,178$203,162,087
89$321,906,207$67,541,144$41,781,806$222,367,513
90$354,614,106$70,724,126$43,054,962$243,475,388
91$390,654,225$74,059,088$44,366,784$266,677,545
92$430,366,325$77,553,353$45,718,440$292,185,287
93$474,124,818$81,214,595$47,111,136$320,231,379
94$522,342,303$85,050,864$48,546,112$351,072,224
95$575,473,459$89,070,597$50,024,649$384,990,276
96$634,019,339$93,282,643$51,548,061$422,296,691
97$698,532,098$97,696,279$53,117,707$463,334,248
98$769,620,205$102,321,230$54,734,984$508,480,570
99$847,954,192$107,167,696$56,401,331$558,151,677
100$934,272,975$112,246,369$58,118,232$612,805,889