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%17.7%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,243,736
2 years$658,180$645,922$634,042$622,523$611,351$571,307
3 years$434,428$422,117$410,267$398,857$387,866$349,136
4 years$322,574$310,301$298,569$287,354$276,629$239,509
5 years$255,479$243,280$231,702$220,715$210,289$174,879
6 years$210,764$198,656$187,250$176,508$166,395$132,724
7 years$178,837$166,831$155,605$145,117$135,323$103,391
8 years$154,902$143,005$131,966$121,735$112,264$82,048
9 years$136,297$124,512$113,662$103,691$94,542$66,010
10 years$121,421$109,751$99,093$89,383$80,555$53,663
11 years$109,257$97,705$87,240$77,790$69,280$43,981
12 years$99,129$87,694$77,423$68,232$60,036$36,277
13 years$90,565$79,250$69,173$60,239$52,353$30,076
14 years$83,231$72,036$62,152$53,473$45,892$25,039
15 years$76,880$65,806$56,115$47,689$40,407$20,916
16 years$71,329$60,376$50,876$42,700$35,712$17,520
17 years$66,436$55,604$46,295$38,366$31,665$14,709
18 years$62,092$51,381$42,262$34,575$28,155$12,373
19 years$58,209$47,619$38,689$31,242$25,095$10,424
20 years$54,719$44,250$35,506$28,295$22,415$8,794
21 years$51,565$41,217$32,659$25,680$20,059$7,427
22 years$48,702$38,475$30,100$23,349$17,980$6,278
23 years$46,092$35,985$27,792$21,264$16,140$5,311
24 years$43,703$33,715$25,703$19,394$14,507$4,496
25 years$41,508$31,640$23,806$17,712$13,054$3,808
26 years$39,486$29,737$22,079$16,195$11,759$3,227
27 years$37,616$27,986$20,502$14,824$10,601$2,736
28 years$35,883$26,371$19,060$13,582$9,566$2,320
29 years$34,273$24,878$17,737$12,455$8,638$1,968
30 years$32,773$23,494$16,521$11,430$7,805$1,670
31 years$31,372$22,210$15,402$10,498$7,056$1,417
32 years$30,061$21,015$14,370$9,648$6,383$1,203
33 years$28,833$19,902$13,418$8,872$5,777$1,021
34 years$27,679$18,862$12,537$8,163$5,230$867
35 years$26,593$17,891$11,721$7,514$4,737$736
36 years$25,571$16,981$10,965$6,921$4,292$625
37 years$24,605$16,128$10,263$6,376$3,890$531
38 years$23,693$15,327$9,611$5,877$3,527$451
39 years$22,829$14,575$9,004$5,419$3,198$383
40 years$22,011$13,867$8,440$4,998$2,901$325
41 years$21,235$13,200$7,914$4,612$2,632$276
42 years$20,498$12,571$7,423$4,256$2,388$235
43 years$19,797$11,978$6,966$3,929$2,167$199
44 years$19,129$11,417$6,539$3,628$1,967$169
45 years$18,493$10,887$6,139$3,350$1,786$144
46 years$17,887$10,386$5,766$3,095$1,621$122
47 years$17,308$9,911$5,417$2,859$1,472$104
48 years$16,754$9,462$5,091$2,642$1,337$88
49 years$16,225$9,035$4,785$2,442$1,214$75
50 years$15,719$8,631$4,499$2,257$1,103$64

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 $2,587 every year, while hoping to spend $53,605 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: 64/20/16 Blend
54$16,100,000$16,100,000$16,100,000$16,100,000
55$17,744,868$16,891,568$16,642,018$18,810,661
56$19,497,810$17,662,220$17,142,491$20,296,219
57$21,427,754$18,468,837$17,657,932$21,911,977
58$23,552,700$19,313,125$18,188,788$23,675,722
59$25,892,479$20,196,871$18,735,516$25,601,891
60$28,468,943$21,121,949$19,298,587$27,706,370
61$31,306,173$22,090,323$19,878,487$30,006,632
62$34,430,702$23,104,048$20,475,716$32,521,906
63$37,871,770$24,165,282$21,090,788$35,273,351
64$41,661,594$25,276,284$21,724,233$38,284,252
65$45,835,677$26,439,423$22,376,595$41,580,236
66$50,433,142$27,657,180$23,048,437$45,189,508
67$55,497,098$28,932,158$23,740,336$49,143,115
68$61,075,051$30,267,082$24,452,886$53,475,231
69$67,219,348$31,664,811$25,186,699$58,223,478
70$73,987,675$33,128,340$25,942,407$63,429,272
71$81,443,597$34,660,809$26,720,658$69,138,211
72$89,657,163$36,265,508$27,522,119$75,400,501
73$98,705,562$37,945,885$28,347,478$82,271,417
74$108,673,853$39,705,558$29,197,442$89,811,828
75$119,655,771$41,548,315$30,072,741$98,088,757
76$131,754,605$43,478,128$30,974,123$107,176,011
77$145,084,180$45,499,161$31,902,361$117,154,868
78$159,769,925$47,615,779$32,858,250$128,114,840
79$175,950,062$49,832,557$33,842,606$140,154,506
80$193,776,906$52,154,290$34,856,271$153,382,437
81$213,418,307$54,586,006$35,900,112$167,918,212
82$235,059,229$57,132,976$36,975,021$183,893,537
83$258,903,502$59,800,722$38,081,915$201,453,478
84$285,175,739$62,595,038$39,221,740$220,757,824
85$314,123,463$65,521,994$40,395,467$241,982,583
86$346,019,439$68,587,954$41,604,097$265,321,629
87$381,164,249$71,799,591$42,848,662$290,988,530
88$419,889,131$75,163,899$44,130,220$319,218,543
89$462,559,103$78,688,211$45,449,864$350,270,828
90$509,576,413$82,380,215$46,808,716$384,430,880
91$561,384,332$86,247,970$48,207,932$422,013,214
92$618,471,338$90,299,926$49,648,703$463,364,312
93$681,375,732$94,544,940$51,132,252$508,865,888
94$750,690,715$98,992,299$52,659,840$558,938,472
95$827,069,987$103,651,741$54,232,764$614,045,364
96$911,233,923$108,533,474$55,852,359$674,696,993
97$1,003,976,368$113,648,199$57,519,998$741,455,715
98$1,106,172,136$119,007,139$59,237,096$814,941,106
99$1,218,785,262$124,622,057$61,005,107$895,835,791
100$1,342,878,109$130,505,289$62,825,529$984,891,870