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

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,270,410
2 years$662,268$649,934$637,980$626,390$615,148$593,650
3 years$437,126$424,739$412,815$401,334$390,275$369,348
4 years$324,577$312,228$300,424$289,139$278,348$258,153
5 years$257,066$244,791$233,141$222,086$211,595$192,192
6 years$212,073$199,890$188,413$177,604$167,428$148,838
7 years$179,948$167,867$156,572$146,018$136,164$118,393
8 years$155,865$143,893$132,785$122,491$112,961$96,005
9 years$137,143$125,285$114,368$104,335$95,130$78,979
10 years$122,175$110,433$99,709$89,938$81,055$65,697
11 years$109,936$98,312$87,782$78,273$69,710$55,129
12 years$99,744$88,239$77,904$68,656$60,409$46,585
13 years$91,127$79,742$69,602$60,613$52,678$39,591
14 years$83,748$72,484$62,538$53,805$46,177$33,805
15 years$77,358$66,215$56,463$47,985$40,658$28,977
16 years$71,772$60,751$51,192$42,965$35,934$24,920
17 years$66,849$55,950$46,583$38,604$31,861$21,490
18 years$62,477$51,700$42,524$34,790$28,330$18,575
19 years$58,570$47,915$38,929$31,436$25,251$16,087
20 years$55,059$44,525$35,727$28,471$22,555$13,957
21 years$51,886$41,473$32,862$25,839$20,184$12,126
22 years$49,005$38,714$30,287$23,494$18,092$10,548
23 years$46,378$36,208$27,965$21,396$16,240$9,186
24 years$43,974$33,925$25,863$19,515$14,597$8,007
25 years$41,766$31,837$23,954$17,822$13,135$6,985
26 years$39,731$29,921$22,216$16,295$11,832$6,098
27 years$37,850$28,159$20,630$14,916$10,667$5,327
28 years$36,106$26,534$19,178$13,666$9,625$4,655
29 years$34,486$25,032$17,847$12,532$8,691$4,071
30 years$32,976$23,640$16,624$11,501$7,853$3,561
31 years$31,567$22,348$15,498$10,563$7,100$3,116
32 years$30,248$21,146$14,460$9,708$6,423$2,727
33 years$29,012$20,025$13,501$8,927$5,812$2,388
34 years$27,851$18,979$12,615$8,214$5,262$2,091
35 years$26,759$18,002$11,794$7,561$4,766$1,832
36 years$25,729$17,086$11,033$6,964$4,319$1,605
37 years$24,758$16,228$10,327$6,416$3,914$1,406
38 years$23,840$15,422$9,670$5,914$3,549$1,232
39 years$22,971$14,665$9,060$5,453$3,218$1,080
40 years$22,148$13,953$8,492$5,029$2,919$947
41 years$21,367$13,282$7,963$4,640$2,648$830
42 years$20,625$12,649$7,469$4,282$2,403$728
43 years$19,919$12,052$7,009$3,953$2,181$638
44 years$19,248$11,488$6,579$3,650$1,979$559
45 years$18,608$10,955$6,178$3,371$1,797$490
46 years$17,998$10,451$5,802$3,114$1,631$430
47 years$17,415$9,973$5,451$2,877$1,481$377
48 years$16,858$9,521$5,122$2,658$1,345$331
49 years$16,326$9,092$4,815$2,457$1,222$290
50 years$15,817$8,685$4,527$2,271$1,110$254

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 $4,799 every year, while hoping to spend $40,139 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: 35/46/19 Blend
54$16,200,000$16,200,000$16,200,000$16,200,000
55$17,857,350$16,998,750$16,747,650$18,378,489
56$19,636,092$17,788,981$17,265,989$19,550,731
57$21,594,921$18,616,589$17,800,347$20,810,621
58$23,752,162$19,483,361$18,351,218$22,169,182
59$26,128,011$20,391,174$18,919,112$23,635,210
60$28,744,720$21,341,993$19,504,553$25,218,339
61$31,626,810$22,337,879$20,108,085$26,929,127
62$34,801,302$23,380,993$20,730,263$28,779,148
63$38,297,972$24,473,599$21,371,664$30,781,093
64$42,149,631$25,618,071$22,032,881$32,948,879
65$46,392,435$26,816,898$22,714,524$35,297,773
66$51,066,226$28,072,689$23,417,224$37,844,525
67$56,214,910$29,388,180$24,141,629$40,607,515
68$61,886,868$30,766,237$24,888,411$43,606,921
69$68,135,413$32,209,867$25,658,257$46,864,891
70$75,019,296$33,722,222$26,451,880$50,405,746
71$82,603,259$35,306,606$27,270,012$54,256,196
72$90,958,644$36,966,482$28,113,410$58,445,577
73$100,164,068$38,705,482$28,982,852$63,006,117
74$110,306,167$40,527,414$29,879,141$67,973,227
75$121,480,408$42,436,270$30,803,105$73,385,817
76$133,791,997$44,436,235$31,755,596$79,286,652
77$147,356,867$46,531,696$32,737,495$85,722,738
78$162,302,773$48,727,255$33,749,706$92,745,749
79$178,770,500$51,027,734$34,793,166$100,412,495
80$196,915,189$53,438,192$35,868,835$108,785,445
81$216,907,806$55,963,930$36,977,708$117,933,294
82$238,936,747$58,610,508$38,120,807$127,931,590
83$263,209,628$61,383,755$39,299,186$138,863,430
84$289,955,234$64,289,784$40,513,933$150,820,220
85$319,425,687$67,335,001$41,766,169$163,902,515
86$351,898,818$70,526,128$43,057,047$178,220,945
87$387,680,798$73,870,209$44,387,758$193,897,233
88$427,109,022$77,374,631$45,759,530$211,065,318
89$470,555,295$81,047,141$47,173,627$229,872,592
90$518,429,344$84,895,859$48,631,353$250,481,261
91$571,182,684$88,929,304$50,134,050$273,069,850
92$629,312,882$93,156,404$51,683,105$297,834,849
93$693,368,251$97,586,523$53,279,944$324,992,544
94$763,953,030$102,229,480$54,926,039$354,781,015
95$841,733,084$107,095,570$56,622,907$387,462,352
96$927,442,195$112,195,589$58,372,111$423,325,093
97$1,021,888,984$117,540,857$60,175,261$462,686,902
98$1,125,964,547$123,143,246$62,034,019$505,897,528
99$1,240,650,868$129,015,203$63,950,097$553,342,067
100$1,367,030,089$135,169,780$65,925,257$605,444,544