Can I retire at age 59 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,302,927
2 years$690,884$678,017$665,547$653,456$641,728$597,125
3 years$456,014$443,092$430,653$418,676$407,139$364,035
4 years$338,602$325,719$313,405$301,632$290,375$249,101
5 years$268,174$255,368$243,215$231,683$220,738$181,404
6 years$221,236$208,527$196,554$185,278$174,663$137,299
7 years$187,723$175,121$163,337$152,328$142,048$106,650
8 years$162,599$150,111$138,523$127,784$117,842$84,385
9 years$143,069$130,698$119,310$108,843$99,240$67,683
10 years$127,454$115,204$104,017$93,824$84,558$54,851
11 years$114,686$102,560$91,575$81,655$72,722$44,809
12 years$104,054$92,052$81,270$71,622$63,020$36,838
13 years$95,065$83,188$72,610$63,232$54,954$30,438
14 years$87,366$75,616$65,240$56,130$48,173$25,252
15 years$80,700$69,076$58,903$50,058$42,415$21,019
16 years$74,873$63,376$53,404$44,822$37,487$17,543
17 years$69,737$58,367$48,596$40,272$33,238$14,675
18 years$65,177$53,934$44,362$36,293$29,554$12,298
19 years$61,101$49,985$40,611$32,794$26,342$10,322
20 years$57,438$46,449$37,271$29,701$23,529$8,675
21 years$54,127$43,265$34,282$26,956$21,056$7,298
22 years$51,122$40,386$31,596$24,509$18,874$6,145
23 years$48,382$37,773$29,173$22,321$16,942$5,178
24 years$45,874$35,391$26,980$20,358$15,228$4,366
25 years$43,571$33,212$24,989$18,592$13,703$3,683
26 years$41,448$31,214$23,176$17,000$12,343$3,109
27 years$39,485$29,376$21,521$15,560$11,128$2,625
28 years$37,666$27,681$20,007$14,256$10,041$2,217
29 years$35,976$26,114$18,618$13,073$9,067$1,873
30 years$34,401$24,662$17,342$11,998$8,193$1,583
31 years$32,931$23,314$16,167$11,019$7,407$1,337
32 years$31,555$22,059$15,084$10,127$6,700$1,131
33 years$30,265$20,891$14,084$9,313$6,064$956
34 years$29,054$19,800$13,160$8,568$5,490$808
35 years$27,915$18,780$12,303$7,888$4,972$683
36 years$26,841$17,825$11,510$7,264$4,505$578
37 years$25,828$16,929$10,773$6,693$4,083$489
38 years$24,870$16,089$10,088$6,169$3,702$413
39 years$23,964$15,299$9,452$5,688$3,357$350
40 years$23,105$14,556$8,859$5,247$3,045$296
41 years$22,290$13,856$8,307$4,841$2,762$250
42 years$21,516$13,196$7,792$4,467$2,507$212
43 years$20,780$12,573$7,312$4,124$2,275$179
44 years$20,080$11,984$6,863$3,808$2,065$151
45 years$19,412$11,428$6,445$3,517$1,875$128
46 years$18,775$10,902$6,053$3,248$1,702$108
47 years$18,168$10,404$5,687$3,001$1,545$92
48 years$17,587$9,932$5,344$2,773$1,404$78
49 years$17,032$9,484$5,023$2,563$1,275$66
50 years$16,500$9,060$4,722$2,369$1,158$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $16,900,000, adding $4,468 every year, while hoping to spend $36,691 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: 74/21/5 Blend
58$16,900,000$16,900,000$16,900,000$16,900,000
59$18,628,409$17,732,709$17,470,759$19,999,832
60$20,489,467$18,562,573$18,016,990$21,732,342
61$22,539,125$19,431,870$18,580,291$23,624,510
62$24,796,578$20,342,494$19,161,193$25,696,148
63$27,282,983$21,296,431$19,760,248$27,964,976
64$30,021,653$22,295,761$20,378,021$30,450,489
65$33,038,274$23,342,666$21,015,097$33,174,149
66$36,361,154$24,439,433$21,672,080$36,159,574
67$40,021,488$25,588,461$22,349,590$39,432,761
68$44,053,647$26,792,263$23,048,269$43,022,330
69$48,495,510$28,053,475$23,768,777$46,959,783
70$53,388,818$29,374,862$24,511,797$51,279,804
71$58,779,567$30,759,319$25,278,031$56,020,575
72$64,718,442$32,209,885$26,068,204$61,224,138
73$71,261,298$33,729,744$26,883,064$66,936,780
74$78,469,685$35,322,236$27,723,382$73,209,470
75$86,411,429$36,990,862$28,589,951$80,098,331
76$95,161,273$38,739,293$29,483,593$87,665,166
77$104,801,582$40,571,376$30,405,152$95,978,032
78$115,423,118$42,491,149$31,355,499$105,111,881
79$127,125,902$44,502,841$32,335,534$115,149,254
80$140,020,153$46,610,889$33,346,184$126,181,059
81$154,227,331$48,819,945$34,388,403$138,307,418
82$169,881,282$51,134,886$35,463,178$151,638,606
83$187,129,504$53,560,826$36,571,526$166,296,082
84$206,134,534$56,103,128$37,714,493$182,413,631
85$227,075,489$58,767,414$38,893,161$200,138,610
86$250,149,752$61,559,580$40,108,645$219,633,340
87$275,574,835$64,485,807$41,362,092$241,076,618
88$303,590,435$67,552,579$42,654,689$264,665,402
89$334,460,696$70,766,692$43,987,658$290,616,657
90$368,476,701$74,135,273$45,362,258$319,169,390
91$405,959,220$77,665,798$46,779,790$350,586,897
92$447,261,739$81,366,101$48,241,592$385,159,236
93$492,773,799$85,244,402$49,749,047$423,205,948
94$542,924,666$89,309,317$51,303,580$465,079,068
95$598,187,391$93,569,883$52,906,660$511,166,423
96$659,083,274$98,035,576$54,559,801$561,895,289
97$726,186,781$102,716,332$56,264,568$617,736,403
98$800,130,971$107,622,572$58,022,569$679,208,390
99$881,613,473$112,765,220$59,835,468$746,882,646
100$971,403,068$118,155,737$61,704,977$821,388,709