Can I retire at age 59 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,313,144
2 years$686,796$674,005$661,609$649,590$637,931$611,333
3 years$453,316$440,470$428,105$416,198$404,730$378,875
4 years$336,599$323,792$311,551$299,847$288,657$263,744
5 years$266,587$253,857$241,776$230,312$219,432$195,533
6 years$219,927$207,293$195,391$184,182$173,629$150,769
7 years$186,612$174,085$162,371$151,426$141,207$119,391
8 years$161,637$149,223$137,703$127,028$117,145$96,367
9 years$142,223$129,925$118,604$108,199$98,653$78,900
10 years$126,700$114,523$103,402$93,269$84,057$65,310
11 years$114,008$101,953$91,033$81,172$72,292$54,528
12 years$103,439$91,507$80,790$71,199$62,647$45,840
13 years$94,503$82,696$72,180$62,858$54,629$38,752
14 years$86,849$75,168$64,854$55,798$47,888$32,910
15 years$80,223$68,668$58,555$49,762$42,164$28,055
16 years$74,430$63,001$53,088$44,557$37,265$23,991
17 years$69,325$58,022$48,308$40,034$33,041$20,571
18 years$64,791$53,615$44,099$36,078$29,379$17,678
19 years$60,740$49,690$40,371$32,600$26,186$15,220
20 years$57,098$46,174$37,050$29,526$23,390$13,126
21 years$53,807$43,009$34,079$26,796$20,931$11,335
22 years$50,820$40,148$31,409$24,364$18,762$9,800
23 years$48,096$37,549$29,001$22,189$16,842$8,481
24 years$45,603$35,181$26,821$20,237$15,138$7,347
25 years$43,313$33,016$24,841$18,482$13,622$6,368
26 years$41,203$31,029$23,039$16,899$12,270$5,524
27 years$39,252$29,202$21,394$15,468$11,062$4,794
28 years$37,444$27,517$19,888$14,172$9,982$4,163
29 years$35,763$25,959$18,508$12,996$9,013$3,616
30 years$34,198$24,516$17,239$11,927$8,144$3,143
31 years$32,736$23,176$16,072$10,954$7,363$2,732
32 years$31,368$21,929$14,995$10,067$6,660$2,375
33 years$30,086$20,767$14,001$9,258$6,028$2,066
34 years$28,882$19,682$13,082$8,518$5,457$1,797
35 years$27,750$18,668$12,231$7,841$4,943$1,563
36 years$26,682$17,719$11,441$7,221$4,479$1,360
37 years$25,675$16,829$10,709$6,654$4,059$1,184
38 years$24,723$15,994$10,028$6,133$3,680$1,031
39 years$23,822$15,208$9,396$5,655$3,337$897
40 years$22,968$14,469$8,807$5,216$3,027$781
41 years$22,158$13,774$8,258$4,812$2,746$680
42 years$21,389$13,117$7,746$4,441$2,492$592
43 years$20,657$12,498$7,269$4,100$2,261$515
44 years$19,961$11,913$6,823$3,785$2,053$449
45 years$19,297$11,361$6,406$3,496$1,863$391
46 years$18,664$10,838$6,017$3,229$1,692$340
47 years$18,060$10,342$5,653$2,983$1,536$296
48 years$17,483$9,873$5,312$2,757$1,395$258
49 years$16,931$9,428$4,993$2,548$1,267$225
50 years$16,403$9,006$4,694$2,355$1,151$196

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,800,000, adding $3,041 every year, while hoping to spend $57,316 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: 42/50/8 Blend
58$16,800,000$16,800,000$16,800,000$16,800,000
59$18,516,737$17,626,337$17,365,937$19,250,896
60$20,344,460$18,429,044$17,886,712$20,565,407
61$22,356,690$19,269,162$18,423,012$21,981,865
62$24,572,186$20,148,465$18,975,297$23,514,281
63$27,011,619$21,068,809$19,544,039$25,173,236
64$29,697,766$22,032,142$20,129,726$26,970,332
65$32,655,725$23,040,504$20,732,858$28,918,299
66$35,913,152$24,096,032$21,353,953$31,031,101
67$39,500,524$25,200,968$21,993,540$33,324,061
68$43,451,420$26,357,658$22,652,166$35,814,001
69$47,802,846$27,568,564$23,330,395$38,519,383
70$52,595,578$28,836,265$24,028,805$41,460,483
71$57,874,549$30,163,464$24,747,992$44,659,563
72$63,689,273$31,552,994$25,488,569$48,141,079
73$70,094,311$33,007,824$26,251,169$51,931,892
74$77,149,789$34,531,065$27,036,441$56,061,517
75$84,921,960$36,125,980$27,845,055$60,562,385
76$93,483,833$37,795,986$28,677,697$65,470,138
77$102,915,863$39,544,668$29,535,079$70,823,951
78$113,306,705$41,375,780$30,417,928$76,666,889
79$124,754,055$43,293,260$31,326,995$83,046,295
80$137,365,572$45,301,234$32,263,053$90,014,228
81$151,259,892$47,404,026$33,226,897$97,627,930
82$166,567,749$49,606,170$34,219,345$105,950,357
83$183,433,206$51,912,419$35,241,240$115,050,749
84$202,015,019$54,327,754$36,293,447$125,005,269
85$222,488,133$56,857,397$37,376,861$135,897,703
86$245,045,334$59,506,821$38,492,397$147,820,225
87$269,899,067$62,281,764$39,641,001$160,874,253
88$297,283,443$65,188,241$40,823,645$175,171,376
89$327,456,447$68,232,558$42,041,330$190,834,392
90$360,702,376$71,421,324$43,295,086$207,998,437
91$397,334,518$74,761,469$44,585,971$226,812,235
92$437,698,115$78,260,257$45,915,077$247,439,478
93$482,173,616$81,925,302$47,283,525$270,060,342
94$531,180,272$85,764,590$48,692,471$294,873,155
95$585,180,093$89,786,488$50,143,102$322,096,242
96$644,682,208$93,999,771$51,636,642$351,969,952
97$710,247,672$98,413,639$53,174,348$384,758,893
98$782,494,761$103,037,734$54,757,515$420,754,394
99$862,104,811$107,882,167$56,387,476$460,277,217
100$949,828,647$112,957,538$58,065,602$503,680,548