Can I retire at age 59 with 16,600,000?

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 $16,600,000?

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$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,292,232
2 years$678,620$665,981$653,733$641,856$630,337$598,810
3 years$447,919$435,226$423,008$411,244$399,912$369,318
4 years$332,592$319,937$307,842$296,278$285,220$255,796
5 years$263,413$250,835$238,898$227,570$216,820$188,647
6 years$217,309$204,825$193,065$181,989$171,562$144,670
7 years$184,391$172,012$160,438$149,624$139,526$113,917
8 years$159,713$147,446$136,064$125,515$115,750$91,415
9 years$140,529$128,378$117,192$106,911$97,479$74,397
10 years$125,192$113,159$102,171$92,159$83,057$61,204
11 years$112,651$100,739$89,949$80,206$71,431$50,776
12 years$102,207$90,418$79,828$70,351$61,901$42,409
13 years$93,377$81,711$71,321$62,109$53,979$35,613
14 years$85,816$74,273$64,082$55,134$47,318$30,039
15 years$79,268$67,850$57,857$49,170$41,662$25,430
16 years$73,544$62,251$52,456$44,026$36,821$21,593
17 years$68,499$57,331$47,733$39,557$32,648$18,382
18 years$64,020$52,976$43,574$35,649$29,029$15,681
19 years$60,017$49,098$39,890$32,212$25,874$13,401
20 years$56,418$45,624$36,609$29,174$23,111$11,470
21 years$53,167$42,497$33,673$26,477$20,682$9,830
22 years$50,215$39,670$31,035$24,074$18,539$8,433
23 years$47,523$37,102$28,656$21,925$16,641$7,242
24 years$45,060$34,762$26,501$19,996$14,958$6,223
25 years$42,797$32,623$24,546$18,262$13,460$5,352
26 years$40,712$30,660$22,765$16,698$12,124$4,605
27 years$38,785$28,855$21,139$15,284$10,931$3,965
28 years$36,998$27,190$19,652$14,003$9,863$3,415
29 years$35,337$25,650$18,288$12,841$8,906$2,942
30 years$33,790$24,224$17,034$11,785$8,047$2,536
31 years$32,346$22,900$15,880$10,824$7,275$2,186
32 years$30,995$21,668$14,817$9,947$6,581$1,885
33 years$29,728$20,520$13,834$9,147$5,956$1,626
34 years$28,538$19,448$12,926$8,416$5,392$1,402
35 years$27,419$18,446$12,085$7,748$4,884$1,210
36 years$26,365$17,508$11,305$7,135$4,425$1,044
37 years$25,369$16,629$10,582$6,574$4,011$901
38 years$24,429$15,803$9,909$6,060$3,636$778
39 years$23,538$15,027$9,284$5,587$3,297$671
40 years$22,695$14,297$8,702$5,154$2,991$579
41 years$21,894$13,610$8,159$4,755$2,713$500
42 years$21,134$12,961$7,654$4,388$2,462$432
43 years$20,411$12,350$7,182$4,051$2,234$373
44 years$19,723$11,772$6,742$3,740$2,028$322
45 years$19,067$11,225$6,330$3,454$1,841$278
46 years$18,442$10,709$5,945$3,191$1,672$240
47 years$17,845$10,219$5,586$2,948$1,518$207
48 years$17,275$9,756$5,249$2,724$1,379$179
49 years$16,729$9,316$4,934$2,517$1,252$154
50 years$16,207$8,899$4,638$2,327$1,137$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,600,000, adding $3,352 every year, while hoping to spend $25,610 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: 44/47/9 Blend
58$16,600,000$16,600,000$16,600,000$16,600,000
59$18,296,658$17,416,858$17,159,558$19,054,568
60$20,135,668$18,243,035$17,707,154$20,406,710
61$22,161,399$19,108,836$18,272,236$21,868,434
62$24,392,869$20,016,177$18,855,364$23,452,078
63$26,851,036$20,967,064$19,457,113$25,168,846
64$29,558,993$21,963,602$20,078,078$27,031,030
65$32,542,191$23,007,999$20,718,874$29,052,114
66$35,828,673$24,102,569$21,380,135$31,246,897
67$39,449,342$25,249,739$22,062,513$33,631,621
68$43,438,252$26,452,054$22,766,685$36,224,116
69$47,832,932$27,712,182$23,493,347$39,043,958
70$52,674,734$29,032,922$24,243,217$42,112,645
71$58,009,229$30,417,208$25,017,037$45,453,789
72$63,886,636$31,868,116$25,815,573$49,093,329
73$70,362,293$33,388,874$26,639,615$53,059,761
74$77,497,182$34,982,864$27,489,977$57,384,399
75$85,358,505$36,653,635$28,367,502$62,101,654
76$94,020,316$38,404,907$29,273,057$67,249,350
77$103,564,222$40,240,581$30,207,538$72,869,062
78$114,080,152$42,164,749$31,171,870$79,006,499
79$125,667,207$44,181,701$32,167,007$85,711,917
80$138,434,594$46,295,936$33,193,934$93,040,579
81$152,502,659$48,512,173$34,253,667$101,053,258
82$168,004,020$50,835,359$35,347,254$109,816,795
83$185,084,821$53,270,684$36,475,779$119,404,712
84$203,906,113$55,823,587$37,640,358$129,897,885
85$224,645,370$58,499,776$38,842,143$141,385,290
86$247,498,167$61,305,234$40,082,324$153,964,817
87$272,680,027$64,246,238$41,362,128$167,744,177
88$300,428,453$67,329,367$42,682,824$182,841,895
89$331,005,174$70,561,524$44,045,717$199,388,400
90$364,698,610$73,949,948$45,452,157$217,527,237
91$401,826,600$77,502,227$46,903,536$237,416,392
92$442,739,400$81,226,323$48,401,291$259,229,755
93$487,822,991$85,130,585$49,946,906$283,158,733
94$537,502,719$89,223,766$51,541,910$309,414,030
95$592,247,315$93,515,050$53,187,883$338,227,596
96$652,573,319$98,014,065$54,886,455$369,854,791
97$719,049,953$102,730,910$56,639,307$404,576,755
98$792,304,500$107,676,176$58,448,176$442,703,029
99$873,028,222$112,860,972$60,314,853$484,574,433
100$961,982,886$118,296,945$62,241,186$530,566,251