Can I retire at age 59 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,317,774
2 years$682,708$669,993$657,671$645,723$634,134$620,129
3 years$450,618$437,848$425,556$413,721$402,321$388,652
4 years$334,595$321,865$309,696$298,063$286,938$273,712
5 years$265,000$252,346$240,337$228,941$218,126$205,380
6 years$218,618$206,059$194,228$183,086$172,596$160,346
7 years$185,501$173,048$161,404$150,525$140,367$128,619
8 years$160,675$148,334$136,884$126,272$116,448$105,201
9 years$141,376$129,152$117,898$107,555$98,066$87,316
10 years$125,946$113,841$102,786$92,714$83,557$73,297
11 years$113,329$101,346$90,491$80,689$71,862$62,083
12 years$102,823$90,963$80,309$70,775$62,274$52,967
13 years$93,940$82,204$71,750$62,484$54,304$45,458
14 years$86,333$74,721$64,468$55,466$47,603$39,205
15 years$79,745$68,259$58,206$49,466$41,913$33,951
16 years$73,987$62,626$52,772$44,291$37,043$29,503
17 years$68,912$57,676$48,021$39,795$32,845$25,713
18 years$64,405$53,296$43,837$35,864$29,204$22,466
19 years$60,378$49,394$40,130$32,406$26,030$19,672
20 years$56,758$45,899$36,830$29,350$23,251$17,257
21 years$53,487$42,753$33,876$26,637$20,807$15,163
22 years$50,517$39,909$31,222$24,219$18,650$13,342
23 years$47,810$37,326$28,828$22,057$16,742$11,754
24 years$45,332$34,972$26,661$20,117$15,048$10,366
25 years$43,055$32,819$24,694$18,372$13,541$9,150
26 years$40,957$30,845$22,902$16,798$12,197$8,083
27 years$39,018$29,029$21,267$15,376$10,997$7,146
28 years$37,221$27,353$19,770$14,088$9,922$6,322
29 years$35,550$25,805$18,398$12,919$8,960$5,595
30 years$33,994$24,370$17,137$11,856$8,096$4,955
31 years$32,541$23,038$15,976$10,889$7,319$4,390
32 years$31,182$21,798$14,906$10,007$6,621$3,891
33 years$29,907$20,643$13,918$9,202$5,992$3,449
34 years$28,710$19,565$13,004$8,467$5,425$3,059
35 years$27,584$18,557$12,158$7,794$4,914$2,713
36 years$26,523$17,614$11,373$7,178$4,452$2,407
37 years$25,522$16,729$10,645$6,614$4,035$2,137
38 years$24,576$15,898$9,969$6,096$3,658$1,896
39 years$23,680$15,118$9,340$5,621$3,317$1,684
40 years$22,832$14,383$8,754$5,185$3,009$1,495
41 years$22,026$13,692$8,209$4,783$2,730$1,327
42 years$21,262$13,039$7,700$4,415$2,477$1,179
43 years$20,534$12,424$7,225$4,075$2,248$1,047
44 years$19,842$11,843$6,782$3,763$2,040$930
45 years$19,182$11,293$6,368$3,475$1,852$826
46 years$18,553$10,773$5,981$3,210$1,682$734
47 years$17,953$10,281$5,619$2,966$1,527$652
48 years$17,379$9,814$5,281$2,740$1,387$579
49 years$16,830$9,372$4,963$2,533$1,260$515
50 years$16,305$8,953$4,666$2,341$1,144$457

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,700,000, adding $3,576 every year, while hoping to spend $35,688 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: 41/45/14 Blend
58$16,700,000$16,700,000$16,700,000$16,700,000
59$18,407,089$17,521,989$17,263,139$19,085,496
60$20,246,640$18,342,594$17,803,482$20,385,048
61$22,272,629$19,202,214$18,360,731$21,786,924
62$24,504,036$20,102,720$18,935,414$23,303,438
63$26,961,773$21,046,079$19,528,076$24,945,045
64$29,668,887$22,034,350$20,139,279$26,723,211
65$32,650,772$23,069,692$20,769,604$28,650,514
66$35,935,413$24,154,369$21,419,648$30,740,753
67$39,553,647$25,290,755$22,090,027$33,009,070
68$43,539,454$26,481,337$22,781,378$35,472,085
69$47,930,281$27,728,725$23,494,357$38,148,044
70$52,767,390$29,035,653$24,229,639$41,056,979
71$58,096,254$30,404,990$24,987,922$44,220,890
72$63,966,980$31,839,743$25,769,925$47,663,939
73$70,434,784$33,343,062$26,576,390$51,412,671
74$77,560,514$34,918,254$27,408,081$55,496,248
75$85,411,222$36,568,785$28,265,787$59,946,715
76$94,060,798$38,298,286$29,150,322$64,799,292
77$103,590,666$40,110,569$30,062,524$70,092,686
78$114,090,554$42,009,626$31,003,259$75,869,449
79$125,659,340$43,999,648$31,973,418$82,176,363
80$138,405,986$46,085,024$32,973,921$89,064,865
81$152,450,565$48,270,359$34,005,716$96,591,518
82$167,925,398$50,560,482$35,069,783$104,818,526
83$184,976,298$52,960,454$36,167,129$113,814,308
84$203,763,948$55,475,584$37,298,796$123,654,119
85$224,465,420$58,111,438$38,465,855$134,420,748
86$247,275,846$60,873,851$39,669,414$146,205,272
87$272,410,256$63,768,943$40,910,613$159,107,902
88$300,105,612$66,803,132$42,190,629$173,238,902
89$330,623,044$69,983,145$43,510,675$188,719,606
90$364,250,314$73,316,039$44,872,002$205,683,544
91$401,304,533$76,809,211$46,275,901$224,277,671
92$442,135,154$80,470,421$47,723,702$244,663,734
93$487,127,271$84,307,803$49,216,778$267,019,763
94$536,705,256$88,329,889$50,756,543$291,541,730
95$591,336,762$92,545,623$52,344,457$318,445,365
96$651,537,139$96,964,386$53,982,024$347,968,159
97$717,874,303$101,596,016$55,670,797$380,371,576
98$790,974,088$106,450,828$57,412,375$415,943,482
99$871,526,165$111,539,638$59,208,409$455,000,829
100$960,290,544$116,873,791$61,060,602$497,892,606