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%16.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,251,277
2 years$658,180$645,922$634,042$622,523$611,351$578,759
3 years$434,428$422,117$410,267$398,857$387,866$356,261
4 years$322,574$310,301$298,569$287,354$276,629$246,255
5 years$255,479$243,280$231,702$220,715$210,289$181,229
6 years$210,764$198,656$187,250$176,508$166,395$138,678
7 years$178,837$166,831$155,605$145,117$135,323$108,953
8 years$154,902$143,005$131,966$121,735$112,264$87,227
9 years$136,297$124,512$113,662$103,691$94,542$70,818
10 years$121,421$109,751$99,093$89,383$80,555$58,114
11 years$109,257$97,705$87,240$77,790$69,280$48,090
12 years$99,129$87,694$77,423$68,232$60,036$40,061
13 years$90,565$79,250$69,173$60,239$52,353$33,551
14 years$83,231$72,036$62,152$53,473$45,892$28,222
15 years$76,880$65,806$56,115$47,689$40,407$23,825
16 years$71,329$60,376$50,876$42,700$35,712$20,173
17 years$66,436$55,604$46,295$38,366$31,665$17,123
18 years$62,092$51,381$42,262$34,575$28,155$14,564
19 years$58,209$47,619$38,689$31,242$25,095$12,410
20 years$54,719$44,250$35,506$28,295$22,415$10,589
21 years$51,565$41,217$32,659$25,680$20,059$9,047
22 years$48,702$38,475$30,100$23,349$17,980$7,738
23 years$46,092$35,985$27,792$21,264$16,140$6,624
24 years$43,703$33,715$25,703$19,394$14,507$5,674
25 years$41,508$31,640$23,806$17,712$13,054$4,864
26 years$39,486$29,737$22,079$16,195$11,759$4,172
27 years$37,616$27,986$20,502$14,824$10,601$3,580
28 years$35,883$26,371$19,060$13,582$9,566$3,073
29 years$34,273$24,878$17,737$12,455$8,638$2,639
30 years$32,773$23,494$16,521$11,430$7,805$2,267
31 years$31,372$22,210$15,402$10,498$7,056$1,948
32 years$30,061$21,015$14,370$9,648$6,383$1,674
33 years$28,833$19,902$13,418$8,872$5,777$1,439
34 years$27,679$18,862$12,537$8,163$5,230$1,237
35 years$26,593$17,891$11,721$7,514$4,737$1,064
36 years$25,571$16,981$10,965$6,921$4,292$915
37 years$24,605$16,128$10,263$6,376$3,890$787
38 years$23,693$15,327$9,611$5,877$3,527$677
39 years$22,829$14,575$9,004$5,419$3,198$582
40 years$22,011$13,867$8,440$4,998$2,901$501
41 years$21,235$13,200$7,914$4,612$2,632$431
42 years$20,498$12,571$7,423$4,256$2,388$371
43 years$19,797$11,978$6,966$3,929$2,167$319
44 years$19,129$11,417$6,539$3,628$1,967$274
45 years$18,493$10,887$6,139$3,350$1,786$236
46 years$17,887$10,386$5,766$3,095$1,621$203
47 years$17,308$9,911$5,417$2,859$1,472$175
48 years$16,754$9,462$5,091$2,642$1,337$150
49 years$16,225$9,035$4,785$2,442$1,214$129
50 years$15,719$8,631$4,499$2,257$1,103$111

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 $2,116 every year, while hoping to spend $24,294 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: 36/36/28 Blend
54$16,100,000$16,100,000$16,100,000$16,100,000
55$17,744,383$16,891,083$16,641,533$18,233,888
56$19,528,461$17,692,897$17,173,175$19,400,098
57$21,493,701$18,533,186$17,721,814$20,655,892
58$23,658,556$19,413,810$18,287,992$22,011,186
59$26,043,360$20,336,717$18,872,271$23,474,945
60$28,670,520$21,303,954$19,475,229$25,057,001
61$31,564,728$22,317,663$20,097,465$26,768,129
62$34,753,195$23,380,093$20,739,594$28,620,154
63$38,265,905$24,493,602$21,402,255$30,626,045
64$42,135,900$25,660,660$22,086,103$32,800,034
65$46,399,590$26,883,861$22,791,816$35,157,741
66$51,097,101$28,165,923$23,520,094$37,716,312
67$56,272,647$29,509,695$24,271,659$40,494,576
68$61,974,954$30,918,167$25,047,257$43,513,206
69$68,257,715$32,394,473$25,847,655$46,794,909
70$75,180,098$33,941,899$26,673,649$50,364,631
71$82,807,308$35,563,892$27,526,056$54,249,777
72$91,211,197$37,264,066$28,405,722$58,480,462
73$100,470,945$39,046,211$29,313,520$63,089,782
74$110,673,808$40,914,302$30,250,349$68,114,116
75$121,915,940$42,872,506$31,217,139$73,593,451
76$134,303,302$44,925,195$32,214,849$79,571,753
77$147,952,660$47,076,951$33,244,468$86,097,364
78$162,992,692$49,332,582$34,307,018$93,223,442
79$179,565,196$51,697,128$35,403,552$101,008,450
80$197,826,433$54,175,874$36,535,159$109,516,692
81$217,948,603$56,774,366$37,702,960$118,818,901
82$240,121,465$59,498,415$38,908,115$128,992,890
83$264,554,137$62,354,119$40,151,818$140,124,266
84$291,477,059$65,347,872$41,435,305$152,307,224
85$321,144,180$68,486,378$42,759,848$165,645,409
86$353,835,345$71,776,669$44,126,762$180,252,879
87$389,858,944$75,226,120$45,537,402$196,255,155
88$429,554,821$78,842,464$46,993,170$213,790,385
89$473,297,481$82,633,813$48,495,509$233,010,625
90$521,499,626$86,608,672$50,045,911$254,083,246
91$574,616,053$90,775,962$51,645,914$277,192,488
92$633,147,944$95,145,038$53,297,106$302,541,173
93$697,647,602$99,725,712$55,001,126$330,352,591
94$768,723,659$104,528,274$56,759,666$360,872,574
95$847,046,829$109,563,516$58,574,471$394,371,787
96$933,356,232$114,842,755$60,447,343$431,148,251
97$1,028,466,380$120,377,862$62,380,140$471,530,119
98$1,133,274,858$126,181,285$64,374,783$515,878,738
99$1,248,770,806$132,266,080$66,433,250$564,592,023
100$1,376,044,251$138,645,940$68,557,587$618,108,172