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

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,258,430
2 years$658,180$645,922$634,042$622,523$611,351$585,861
3 years$434,428$422,117$410,267$398,857$387,866$363,088
4 years$322,574$310,301$298,569$287,354$276,629$252,755
5 years$255,479$243,280$231,702$220,715$210,289$187,385
6 years$210,764$198,656$187,250$176,508$166,395$144,487
7 years$178,837$166,831$155,605$145,117$135,323$114,416
8 years$154,902$143,005$131,966$121,735$112,264$92,352
9 years$136,297$124,512$113,662$103,691$94,542$75,612
10 years$121,421$109,751$99,093$89,383$80,555$62,588
11 years$109,257$97,705$87,240$77,790$69,280$52,256
12 years$99,129$87,694$77,423$68,232$60,036$43,930
13 years$90,565$79,250$69,173$60,239$52,353$37,137
14 years$83,231$72,036$62,152$53,473$45,892$31,539
15 years$76,880$65,806$56,115$47,689$40,407$26,886
16 years$71,329$60,376$50,876$42,700$35,712$22,992
17 years$66,436$55,604$46,295$38,366$31,665$19,714
18 years$62,092$51,381$42,262$34,575$28,155$16,941
19 years$58,209$47,619$38,689$31,242$25,095$14,586
20 years$54,719$44,250$35,506$28,295$22,415$12,579
21 years$51,565$41,217$32,659$25,680$20,059$10,862
22 years$48,702$38,475$30,100$23,349$17,980$9,391
23 years$46,092$35,985$27,792$21,264$16,140$8,128
24 years$43,703$33,715$25,703$19,394$14,507$7,040
25 years$41,508$31,640$23,806$17,712$13,054$6,103
26 years$39,486$29,737$22,079$16,195$11,759$5,294
27 years$37,616$27,986$20,502$14,824$10,601$4,595
28 years$35,883$26,371$19,060$13,582$9,566$3,990
29 years$34,273$24,878$17,737$12,455$8,638$3,466
30 years$32,773$23,494$16,521$11,430$7,805$3,012
31 years$31,372$22,210$15,402$10,498$7,056$2,618
32 years$30,061$21,015$14,370$9,648$6,383$2,276
33 years$28,833$19,902$13,418$8,872$5,777$1,980
34 years$27,679$18,862$12,537$8,163$5,230$1,722
35 years$26,593$17,891$11,721$7,514$4,737$1,498
36 years$25,571$16,981$10,965$6,921$4,292$1,304
37 years$24,605$16,128$10,263$6,376$3,890$1,135
38 years$23,693$15,327$9,611$5,877$3,527$988
39 years$22,829$14,575$9,004$5,419$3,198$860
40 years$22,011$13,867$8,440$4,998$2,901$748
41 years$21,235$13,200$7,914$4,612$2,632$652
42 years$20,498$12,571$7,423$4,256$2,388$567
43 years$19,797$11,978$6,966$3,929$2,167$494
44 years$19,129$11,417$6,539$3,628$1,967$430
45 years$18,493$10,887$6,139$3,350$1,786$375
46 years$17,887$10,386$5,766$3,095$1,621$326
47 years$17,308$9,911$5,417$2,859$1,472$284
48 years$16,754$9,462$5,091$2,642$1,337$247
49 years$16,225$9,035$4,785$2,442$1,214$215
50 years$15,719$8,631$4,499$2,257$1,103$188

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 $5,440 every year, while hoping to spend $24,452 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: 72/21/7 Blend
54$16,100,000$16,100,000$16,100,000$16,100,000
55$17,747,811$16,894,511$16,644,961$19,007,212
56$19,532,071$17,696,326$17,176,551$20,640,727
57$21,497,506$18,536,609$17,725,129$22,425,046
58$23,662,570$19,417,222$18,291,239$24,377,912
59$26,047,599$20,340,112$18,875,442$26,515,932
60$28,675,001$21,307,324$19,478,316$28,857,377
61$31,569,470$22,321,002$20,100,459$31,422,357
62$34,758,219$23,383,394$20,742,487$34,233,001
63$38,271,232$24,496,855$21,405,035$37,313,668
64$42,141,555$25,663,858$22,088,761$40,691,168
65$46,405,600$26,886,994$22,794,341$44,395,012
66$51,103,494$28,168,979$23,522,474$48,457,688
67$56,279,456$29,512,665$24,273,883$52,914,960
68$61,982,213$30,921,038$25,049,311$57,806,204
69$68,265,463$32,397,233$25,849,527$63,174,771
70$75,188,378$33,944,535$26,675,323$69,068,391
71$82,816,164$35,566,389$27,527,519$75,539,622
72$91,220,680$37,266,410$28,406,958$82,646,334
73$100,481,111$39,048,385$29,314,512$90,452,254
74$110,684,717$40,916,289$30,251,081$99,027,559
75$121,927,659$42,874,287$31,217,593$108,449,532
76$134,315,903$44,926,751$32,215,005$118,803,283
77$147,966,224$47,078,261$33,244,307$130,182,546
78$163,007,307$49,333,623$34,306,519$142,690,557
79$179,580,958$51,697,876$35,402,693$156,441,018
80$197,843,449$54,176,306$36,533,917$171,559,165
81$217,966,990$56,774,453$37,701,312$188,182,936
82$240,141,351$59,498,130$38,906,035$206,464,270
83$264,575,663$62,353,432$40,149,280$226,570,525
84$291,500,380$65,346,750$41,432,281$248,686,052
85$321,169,466$68,484,788$42,756,310$273,013,925
86$353,862,784$71,774,575$44,122,679$299,777,842
87$389,888,743$75,223,484$45,532,743$329,224,229
88$429,587,206$78,839,246$46,987,901$361,624,551
89$473,332,701$82,629,969$48,489,596$397,277,866
90$521,537,956$86,604,157$50,039,317$436,513,628
91$574,657,795$90,770,728$51,638,601$479,694,789
92$633,193,430$95,139,034$53,289,035$527,221,208
93$697,697,198$99,718,885$54,992,255$579,533,407
94$768,777,768$104,520,566$56,749,951$637,116,720
95$847,105,893$109,554,866$58,563,867$700,505,851
96$933,420,740$114,833,100$60,435,803$770,289,906
97$1,028,536,867$120,367,134$62,367,614$847,117,940
98$1,133,351,917$126,169,413$64,361,219$931,705,056
99$1,248,855,087$132,252,989$66,418,594$1,024,839,142
100$1,376,136,470$138,631,550$68,541,781$1,127,388,286