Can I retire at age 55 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,245,481
2 years$662,268$649,934$637,980$626,390$615,148$568,972
3 years$437,126$424,739$412,815$401,334$390,275$345,706
4 years$324,577$312,228$300,424$289,139$278,348$235,724
5 years$257,066$244,791$233,141$222,086$211,595$171,030
6 years$212,073$199,890$188,413$177,604$167,428$128,951
7 years$179,948$167,867$156,572$146,018$136,164$99,766
8 years$155,865$143,893$132,785$122,491$112,961$78,611
9 years$137,143$125,285$114,368$104,335$95,130$62,783
10 years$122,175$110,433$99,709$89,938$81,055$50,655
11 years$109,936$98,312$87,782$78,273$69,710$41,194
12 years$99,744$88,239$77,904$68,656$60,409$33,708
13 years$91,127$79,742$69,602$60,613$52,678$27,719
14 years$83,748$72,484$62,538$53,805$46,177$22,885
15 years$77,358$66,215$56,463$47,985$40,658$18,954
16 years$71,772$60,751$51,192$42,965$35,934$15,740
17 years$66,849$55,950$46,583$38,604$31,861$13,099
18 years$62,477$51,700$42,524$34,790$28,330$10,920
19 years$58,570$47,915$38,929$31,436$25,251$9,117
20 years$55,059$44,525$35,727$28,471$22,555$7,621
21 years$51,886$41,473$32,862$25,839$20,184$6,377
22 years$49,005$38,714$30,287$23,494$18,092$5,340
23 years$46,378$36,208$27,965$21,396$16,240$4,475
24 years$43,974$33,925$25,863$19,515$14,597$3,752
25 years$41,766$31,837$23,954$17,822$13,135$3,148
26 years$39,731$29,921$22,216$16,295$11,832$2,642
27 years$37,850$28,159$20,630$14,916$10,667$2,218
28 years$36,106$26,534$19,178$13,666$9,625$1,863
29 years$34,486$25,032$17,847$12,532$8,691$1,565
30 years$32,976$23,640$16,624$11,501$7,853$1,315
31 years$31,567$22,348$15,498$10,563$7,100$1,105
32 years$30,248$21,146$14,460$9,708$6,423$928
33 years$29,012$20,025$13,501$8,927$5,812$780
34 years$27,851$18,979$12,615$8,214$5,262$656
35 years$26,759$18,002$11,794$7,561$4,766$551
36 years$25,729$17,086$11,033$6,964$4,319$464
37 years$24,758$16,228$10,327$6,416$3,914$390
38 years$23,840$15,422$9,670$5,914$3,549$328
39 years$22,971$14,665$9,060$5,453$3,218$276
40 years$22,148$13,953$8,492$5,029$2,919$232
41 years$21,367$13,282$7,963$4,640$2,648$195
42 years$20,625$12,649$7,469$4,282$2,403$164
43 years$19,919$12,052$7,009$3,953$2,181$138
44 years$19,248$11,488$6,579$3,650$1,979$116
45 years$18,608$10,955$6,178$3,371$1,797$97
46 years$17,998$10,451$5,802$3,114$1,631$82
47 years$17,415$9,973$5,451$2,877$1,481$69
48 years$16,858$9,521$5,122$2,658$1,345$58
49 years$16,326$9,092$4,815$2,457$1,222$49
50 years$15,817$8,685$4,527$2,271$1,110$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,200,000, adding $6,221 every year, while hoping to spend $32,709 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: 40/34/26 Blend
54$16,200,000$16,200,000$16,200,000$16,200,000
55$17,858,817$17,000,217$16,749,117$18,435,695
56$19,645,614$17,798,425$17,275,410$19,652,152
57$21,613,568$18,634,650$17,818,238$20,963,809
58$23,781,123$19,510,719$18,378,120$22,382,247
59$26,168,602$20,428,548$18,955,591$23,917,250
60$28,798,401$21,390,148$19,551,205$25,579,557
61$31,695,198$22,397,626$20,165,530$27,380,949
62$34,886,188$23,453,189$20,799,156$29,334,361
63$38,401,339$24,559,155$21,452,687$31,453,991
64$42,273,673$25,717,951$22,126,749$33,755,430
65$46,539,580$26,932,123$22,821,988$36,255,799
66$51,239,160$28,204,341$23,539,068$38,973,905
67$56,416,603$29,537,402$24,278,675$41,930,410
68$62,120,603$30,934,241$25,041,517$45,148,015
69$68,404,820$32,397,934$25,828,324$48,651,667
70$75,328,387$33,931,708$26,639,848$52,468,785
71$82,956,465$35,538,945$27,476,865$56,629,505
72$91,360,862$37,223,190$28,340,178$61,166,963
73$100,620,707$38,988,163$29,230,610$66,117,585
74$110,823,198$40,837,763$30,149,015$71,521,428
75$122,064,427$42,776,076$31,096,270$77,422,545
76$134,450,286$44,807,391$32,073,282$83,869,384
77$148,097,464$46,936,202$33,080,986$90,915,237
78$163,134,552$49,167,222$34,120,345$98,618,726
79$179,703,253$51,505,393$35,192,354$107,044,344
80$197,959,725$53,955,897$36,298,038$116,263,050
81$218,076,049$56,524,168$37,438,454$126,352,920
82$240,241,858$59,215,905$38,614,694$137,399,868
83$264,666,124$62,037,080$39,827,883$149,498,443
84$291,579,132$64,993,961$41,079,181$162,752,702
85$321,234,655$68,093,117$42,369,785$177,277,172
86$353,912,346$71,341,436$43,700,929$193,197,914
87$389,920,382$74,746,143$45,073,887$210,653,691
88$429,598,371$78,314,814$46,489,972$229,797,256
89$473,320,557$82,055,391$47,950,538$250,796,775
90$521,499,355$85,976,207$49,456,982$273,837,386
91$574,589,244$90,085,996$51,010,746$299,122,926
92$633,091,055$94,393,918$52,613,314$326,877,829
93$697,556,703$98,909,580$54,266,221$357,349,217
94$768,594,394$103,643,057$55,971,046$390,809,204
95$846,874,366$108,604,911$57,729,420$427,557,440
96$933,135,221$113,806,221$59,543,025$467,923,901
97$1,028,190,893$119,258,605$61,413,596$512,271,980
98$1,132,938,334$124,974,246$63,342,921$561,001,880
99$1,248,365,980$130,965,921$65,332,845$614,554,357
100$1,375,563,087$137,247,028$67,385,272$673,414,844