Can I retire at age 59 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,271,581
2 years$674,532$661,969$649,794$637,990$626,540$582,492
3 years$445,221$432,604$420,460$408,766$397,502$354,943
4 years$330,588$318,010$305,987$294,493$283,502$242,757
5 years$261,826$249,324$237,459$226,199$215,514$176,691
6 years$216,000$203,592$191,902$180,893$170,529$133,659
7 years$183,280$170,976$159,471$148,722$138,686$103,763
8 years$158,751$146,558$135,244$124,759$115,053$82,052
9 years$139,683$127,605$116,486$106,267$96,891$65,772
10 years$124,437$112,478$101,555$91,603$82,556$53,268
11 years$111,972$100,132$89,407$79,722$71,001$43,488
12 years$101,592$89,873$79,347$69,927$61,528$35,728
13 years$92,815$81,219$70,891$61,735$53,654$29,501
14 years$85,299$73,826$63,696$54,802$47,032$24,457
15 years$78,790$67,441$57,509$48,873$41,411$20,343
16 years$73,101$61,876$52,140$43,761$36,599$16,967
17 years$68,087$56,986$47,446$39,319$32,451$14,182
18 years$63,634$52,657$43,312$35,434$28,854$11,876
19 years$59,655$48,802$39,650$32,018$25,718$9,961
20 years$56,078$45,349$36,389$28,998$22,972$8,364
21 years$52,846$42,241$33,470$26,318$20,558$7,031
22 years$49,912$39,431$30,848$23,929$18,427$5,916
23 years$47,237$36,879$28,483$21,793$16,541$4,981
24 years$44,789$34,553$26,342$19,876$14,867$4,197
25 years$42,540$32,426$24,398$18,152$13,378$3,538
26 years$40,467$30,475$22,628$16,597$12,051$2,983
27 years$38,551$28,681$21,012$15,192$10,865$2,517
28 years$36,775$27,026$19,533$13,919$9,804$2,124
29 years$35,124$25,496$18,177$12,764$8,852$1,793
30 years$33,587$24,078$16,932$11,714$7,999$1,514
31 years$32,151$22,762$15,785$10,759$7,232$1,278
32 years$30,808$21,537$14,727$9,887$6,541$1,080
33 years$29,549$20,396$13,751$9,092$5,920$912
34 years$28,367$19,331$12,848$8,366$5,360$770
35 years$27,254$18,335$12,012$7,701$4,855$651
36 years$26,206$17,403$11,237$7,092$4,399$550
37 years$25,216$16,529$10,518$6,535$3,987$465
38 years$24,281$15,708$9,849$6,023$3,614$393
39 years$23,397$14,937$9,228$5,554$3,277$332
40 years$22,558$14,211$8,649$5,123$2,973$280
41 years$21,763$13,528$8,110$4,726$2,697$237
42 years$21,007$12,883$7,608$4,362$2,447$200
43 years$20,288$12,275$7,139$4,026$2,221$169
44 years$19,604$11,701$6,701$3,718$2,016$143
45 years$18,953$11,158$6,292$3,433$1,830$121
46 years$18,331$10,644$5,910$3,171$1,662$102
47 years$17,738$10,158$5,552$2,930$1,509$86
48 years$17,171$9,697$5,217$2,707$1,370$73
49 years$16,629$9,260$4,904$2,502$1,245$62
50 years$16,110$8,846$4,610$2,313$1,130$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,500,000, adding $3,921 every year, while hoping to spend $38,001 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: 79/16/5 Blend
58$16,500,000$16,500,000$16,500,000$16,500,000
59$18,187,045$17,312,545$17,056,795$19,620,060
60$20,001,690$18,120,426$17,587,764$21,366,894
61$22,000,156$18,966,621$18,135,248$23,277,150
62$24,201,152$19,852,965$18,699,759$25,371,347
63$26,625,294$20,781,385$19,281,825$27,667,783
64$29,295,301$21,753,900$19,881,993$30,186,604
65$32,236,207$22,772,626$20,500,825$32,949,989
66$35,475,598$23,839,783$21,138,901$35,982,356
67$39,043,872$24,957,696$21,796,817$39,310,591
68$42,974,529$26,128,804$22,475,192$42,964,298
69$47,304,479$27,355,664$23,174,660$46,976,075
70$52,074,402$28,640,957$23,895,876$51,381,818
71$57,329,119$29,987,492$24,639,516$56,221,056
72$63,118,026$31,398,216$25,406,277$61,537,322
73$69,495,554$32,876,218$26,196,877$67,378,559
74$76,521,683$34,424,736$27,012,055$73,797,566
75$84,262,512$36,047,165$27,852,576$80,852,496
76$92,790,877$37,747,065$28,719,226$88,607,398
77$102,187,043$39,528,168$29,612,817$97,132,818
78$112,539,461$41,394,387$30,534,185$106,506,458
79$123,945,599$43,349,825$31,484,194$116,813,907
80$136,512,867$45,398,784$32,463,731$128,149,441
81$150,359,629$47,545,773$33,473,715$140,616,910
82$165,616,317$49,795,522$34,515,091$154,330,708
83$182,426,668$52,152,989$35,588,833$169,416,853
84$200,949,075$54,623,373$36,695,946$186,014,164
85$221,358,087$57,212,124$37,837,466$204,275,567
86$243,846,053$59,924,959$39,014,462$224,369,533
87$268,624,938$62,767,870$40,228,034$246,481,657
88$295,928,327$65,747,141$41,479,319$270,816,408
89$326,013,627$68,869,361$42,769,487$297,599,044
90$359,164,496$72,141,439$44,099,744$327,077,737
91$395,693,525$75,570,620$45,471,336$359,525,901
92$435,945,184$79,164,499$46,885,544$395,244,766
93$480,299,075$82,931,043$48,343,693$434,566,213
94$529,173,520$86,878,603$49,847,145$477,855,895
95$583,029,502$91,015,937$51,397,308$525,516,680
96$642,375,022$95,352,229$52,995,629$577,992,440
97$707,769,896$99,897,111$54,643,605$635,772,232
98$779,831,035$104,660,678$56,342,775$699,394,901
99$859,238,271$109,653,522$58,094,728$769,454,157
100$946,740,777$114,886,746$59,901,103$846,604,161