Can I retire at age 55 with 16,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,264,651
2 years$658,180$645,922$634,042$622,523$611,351$592,065
3 years$434,428$422,117$410,267$398,857$387,866$369,080
4 years$322,574$310,301$298,569$287,354$276,629$258,488
5 years$255,479$243,280$231,702$220,715$210,289$192,845
6 years$210,764$198,656$187,250$176,508$166,395$149,667
7 years$178,837$166,831$155,605$145,117$135,323$119,319
8 years$154,902$143,005$131,966$121,735$112,264$96,980
9 years$136,297$124,512$113,662$103,691$94,542$79,971
10 years$121,421$109,751$99,093$89,383$80,555$66,685
11 years$109,257$97,705$87,240$77,790$69,280$56,098
12 years$99,129$87,694$77,423$68,232$60,036$47,526
13 years$90,565$79,250$69,173$60,239$52,353$40,497
14 years$83,231$72,036$62,152$53,473$45,892$34,671
15 years$76,880$65,806$56,115$47,689$40,407$29,801
16 years$71,329$60,376$50,876$42,700$35,712$25,700
17 years$66,436$55,604$46,295$38,366$31,665$22,226
18 years$62,092$51,381$42,262$34,575$28,155$19,267
19 years$58,209$47,619$38,689$31,242$25,095$16,736
20 years$54,719$44,250$35,506$28,295$22,415$14,563
21 years$51,565$41,217$32,659$25,680$20,059$12,691
22 years$48,702$38,475$30,100$23,349$17,980$11,073
23 years$46,092$35,985$27,792$21,264$16,140$9,673
24 years$43,703$33,715$25,703$19,394$14,507$8,458
25 years$41,508$31,640$23,806$17,712$13,054$7,402
26 years$39,486$29,737$22,079$16,195$11,759$6,482
27 years$37,616$27,986$20,502$14,824$10,601$5,681
28 years$35,883$26,371$19,060$13,582$9,566$4,981
29 years$34,273$24,878$17,737$12,455$8,638$4,370
30 years$32,773$23,494$16,521$11,430$7,805$3,835
31 years$31,372$22,210$15,402$10,498$7,056$3,367
32 years$30,061$21,015$14,370$9,648$6,383$2,957
33 years$28,833$19,902$13,418$8,872$5,777$2,597
34 years$27,679$18,862$12,537$8,163$5,230$2,282
35 years$26,593$17,891$11,721$7,514$4,737$2,006
36 years$25,571$16,981$10,965$6,921$4,292$1,763
37 years$24,605$16,128$10,263$6,376$3,890$1,550
38 years$23,693$15,327$9,611$5,877$3,527$1,363
39 years$22,829$14,575$9,004$5,419$3,198$1,199
40 years$22,011$13,867$8,440$4,998$2,901$1,054
41 years$21,235$13,200$7,914$4,612$2,632$928
42 years$20,498$12,571$7,423$4,256$2,388$816
43 years$19,797$11,978$6,966$3,929$2,167$718
44 years$19,129$11,417$6,539$3,628$1,967$632
45 years$18,493$10,887$6,139$3,350$1,786$556
46 years$17,887$10,386$5,766$3,095$1,621$489
47 years$17,308$9,911$5,417$2,859$1,472$430
48 years$16,754$9,462$5,091$2,642$1,337$379
49 years$16,225$9,035$4,785$2,442$1,214$333
50 years$15,719$8,631$4,499$2,257$1,103$293

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,100,000, adding $2,878 every year, while hoping to spend $29,971 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: 60/33/7 Blend
54$16,100,000$16,100,000$16,100,000$16,100,000
55$17,745,169$16,891,869$16,642,319$18,784,316
56$19,523,287$17,687,681$17,167,947$20,276,299
57$21,481,769$18,521,484$17,710,180$21,899,193
58$23,638,980$19,395,107$18,269,542$23,668,512
59$26,015,157$20,310,469$18,846,573$25,598,342
60$28,632,603$21,269,582$19,441,832$27,704,165
61$31,515,890$22,274,553$20,055,896$30,003,001
62$34,692,100$23,327,595$20,689,357$32,513,564
63$38,191,073$24,431,027$21,342,830$35,256,431
64$42,045,694$25,587,278$22,016,946$38,254,234
65$46,292,198$26,798,898$22,712,357$41,531,862
66$50,970,518$28,068,560$23,429,737$45,116,691
67$56,124,657$29,399,065$24,169,779$49,038,836
68$61,803,105$30,793,353$24,933,200$53,331,428
69$68,059,297$32,254,503$25,720,738$58,030,920
70$74,952,118$33,785,746$26,533,155$63,177,417
71$82,546,456$35,390,469$27,371,237$68,815,055
72$90,913,816$37,072,224$28,235,796$74,992,401
73$100,132,998$38,834,735$29,127,667$81,762,906
74$110,290,834$40,681,908$30,047,714$89,185,400
75$121,483,014$42,617,836$30,996,828$97,324,633
76$133,814,986$44,646,814$31,975,926$106,251,881
77$147,402,951$46,773,344$32,985,956$116,045,604
78$162,374,961$49,002,148$34,027,895$126,792,175
79$178,872,130$51,338,176$35,102,752$138,586,685
80$197,049,959$53,786,619$36,211,566$151,533,824
81$217,079,813$56,352,921$37,355,411$165,748,860
82$239,150,530$59,042,791$38,535,394$181,358,710
83$263,470,212$61,862,214$39,752,657$198,503,125
84$290,268,179$64,817,469$41,008,377$217,335,992
85$319,797,146$67,915,137$42,303,770$238,026,771
86$352,335,598$71,162,122$43,640,090$260,762,077
87$388,190,425$74,565,662$45,018,629$285,747,426
88$427,699,818$78,133,349$46,440,722$313,209,153
89$471,236,458$81,873,142$47,907,745$343,396,531
90$519,211,040$85,793,389$49,421,118$376,584,105
91$572,076,147$89,902,846$50,982,306$413,074,258
92$630,330,520$94,210,691$52,592,819$453,200,046
93$694,523,771$98,726,553$54,254,217$497,328,318
94$765,261,569$103,460,528$55,968,107$545,863,154
95$843,211,358$108,423,203$57,736,148$599,249,653
96$929,108,659$113,625,682$59,560,051$657,978,109
97$1,023,764,012$119,079,610$61,441,582$722,588,610
98$1,128,070,627$124,797,197$63,382,561$793,676,108
99$1,243,012,823$130,791,251$65,384,868$871,896,000
100$1,369,675,310$137,075,202$67,450,441$957,970,290