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%18.5%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,247,466
2 years$662,268$649,934$637,980$626,390$615,148$570,922
3 years$437,126$424,739$412,815$401,334$390,275$347,558
4 years$324,577$312,228$300,424$289,139$278,348$237,466
5 years$257,066$244,791$233,141$222,086$211,595$172,658
6 years$212,073$199,890$188,413$177,604$167,428$130,465
7 years$179,948$167,867$156,572$146,018$136,164$101,168
8 years$155,865$143,893$132,785$122,491$112,961$79,905
9 years$137,143$125,285$114,368$104,335$95,130$63,973
10 years$122,175$110,433$99,709$89,938$81,055$51,746
11 years$109,936$98,312$87,782$78,273$69,710$42,191
12 years$99,744$88,239$77,904$68,656$60,409$34,616
13 years$91,127$79,742$69,602$60,613$52,678$28,543
14 years$83,748$72,484$62,538$53,805$46,177$23,631
15 years$77,358$66,215$56,463$47,985$40,658$19,628
16 years$71,772$60,751$51,192$42,965$35,934$16,347
17 years$66,849$55,950$46,583$38,604$31,861$13,644
18 years$62,477$51,700$42,524$34,790$28,330$11,408
19 years$58,570$47,915$38,929$31,436$25,251$9,554
20 years$55,059$44,525$35,727$28,471$22,555$8,010
21 years$51,886$41,473$32,862$25,839$20,184$6,723
22 years$49,005$38,714$30,287$23,494$18,092$5,648
23 years$46,378$36,208$27,965$21,396$16,240$4,748
24 years$43,974$33,925$25,863$19,515$14,597$3,994
25 years$41,766$31,837$23,954$17,822$13,135$3,361
26 years$39,731$29,921$22,216$16,295$11,832$2,830
27 years$37,850$28,159$20,630$14,916$10,667$2,384
28 years$36,106$26,534$19,178$13,666$9,625$2,008
29 years$34,486$25,032$17,847$12,532$8,691$1,693
30 years$32,976$23,640$16,624$11,501$7,853$1,427
31 years$31,567$22,348$15,498$10,563$7,100$1,203
32 years$30,248$21,146$14,460$9,708$6,423$1,014
33 years$29,012$20,025$13,501$8,927$5,812$855
34 years$27,851$18,979$12,615$8,214$5,262$721
35 years$26,759$18,002$11,794$7,561$4,766$608
36 years$25,729$17,086$11,033$6,964$4,319$513
37 years$24,758$16,228$10,327$6,416$3,914$433
38 years$23,840$15,422$9,670$5,914$3,549$365
39 years$22,971$14,665$9,060$5,453$3,218$308
40 years$22,148$13,953$8,492$5,029$2,919$260
41 years$21,367$13,282$7,963$4,640$2,648$219
42 years$20,625$12,649$7,469$4,282$2,403$185
43 years$19,919$12,052$7,009$3,953$2,181$156
44 years$19,248$11,488$6,579$3,650$1,979$132
45 years$18,608$10,955$6,178$3,371$1,797$111
46 years$17,998$10,451$5,802$3,114$1,631$94
47 years$17,415$9,973$5,451$2,877$1,481$79
48 years$16,858$9,521$5,122$2,658$1,345$67
49 years$16,326$9,092$4,815$2,457$1,222$56
50 years$15,817$8,685$4,527$2,271$1,110$48

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 $6,670 every year, while hoping to spend $46,242 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: 47/41/12 Blend
54$16,200,000$16,200,000$16,200,000$16,200,000
55$17,859,280$17,000,680$16,749,580$18,638,645
56$19,631,726$17,784,512$17,261,490$19,961,312
57$21,583,411$18,605,202$17,788,999$21,390,671
58$23,732,569$19,464,508$18,332,581$22,940,915
59$26,099,292$20,364,270$18,892,724$24,623,302
60$28,705,720$21,306,420$19,469,930$26,450,193
61$31,576,250$22,292,980$20,064,719$28,435,157
62$34,737,763$23,326,072$20,677,623$30,593,096
63$38,219,884$24,407,919$21,309,192$32,940,379
64$42,055,256$25,540,851$21,959,994$35,494,986
65$46,279,850$26,727,310$22,630,611$38,276,669
66$50,933,303$27,969,856$23,321,645$41,307,135
67$56,059,295$29,271,174$24,033,715$44,610,238
68$61,705,958$30,634,077$24,767,460$48,212,198
69$67,926,333$32,061,513$25,523,537$52,141,835
70$74,778,866$33,556,575$26,302,622$56,430,837
71$82,327,965$35,122,502$27,105,415$61,114,041
72$90,644,604$36,762,691$27,932,633$66,229,759
73$99,806,994$38,480,704$28,785,017$71,820,124
74$109,901,323$40,280,273$29,663,330$77,931,476
75$121,022,565$42,165,314$30,568,359$84,614,785
76$133,275,379$44,139,927$31,500,912$91,926,126
77$146,775,099$46,208,414$32,461,823$99,927,186
78$161,648,818$48,375,285$33,451,953$108,685,840
79$178,036,589$50,645,266$34,472,185$118,276,769
80$196,092,751$53,023,314$35,523,433$128,782,155
81$215,987,378$55,514,623$36,606,635$140,292,439
82$237,907,892$58,124,641$37,722,759$152,907,157
83$262,060,828$60,859,079$38,872,802$166,735,861
84$288,673,782$63,723,924$40,057,790$181,899,136
85$317,997,564$66,725,452$41,278,783$198,529,717
86$350,308,563$69,870,246$42,536,869$216,773,722
87$385,911,353$73,165,205$43,833,171$236,792,011
88$425,141,574$76,617,564$45,168,845$258,761,679
89$468,369,097$80,234,907$46,545,084$282,877,707
90$516,001,514$84,025,187$47,963,114$309,354,778
91$568,487,990$87,996,741$49,424,198$338,429,273
92$626,323,496$92,158,313$50,929,641$370,361,481
93$690,053,491$96,519,069$52,480,782$405,438,026
94$760,279,063$101,088,619$54,079,004$443,974,540
95$837,662,606$105,877,041$55,725,730$486,318,614
96$922,934,077$110,894,900$57,422,426$532,853,049
97$1,016,897,878$116,153,276$59,170,603$583,999,430
98$1,120,440,460$121,663,784$60,971,816$640,222,075
99$1,234,538,683$127,438,606$62,827,669$702,032,375
100$1,360,269,045$133,490,514$64,739,811$769,993,591