Can I retire at age 55 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,281,419
2 years$666,356$653,946$641,918$630,257$618,945$600,478
3 years$439,824$427,361$415,363$403,811$392,684$374,689
4 years$326,581$314,155$302,278$290,923$280,066$262,681
5 years$258,653$246,302$234,580$223,457$212,901$196,178
6 years$213,382$201,124$189,576$178,700$168,462$152,419
7 years$181,058$168,903$157,538$146,919$137,004$121,649
8 years$156,827$144,781$133,605$123,247$113,658$98,987
9 years$137,990$126,058$115,074$104,979$95,717$81,723
10 years$122,929$111,114$100,324$90,493$81,556$68,229
11 years$110,615$98,918$88,324$78,756$70,140$57,469
12 years$100,360$88,784$78,385$69,080$60,782$48,750
13 years$91,690$80,235$70,032$60,987$53,003$41,594
14 years$84,265$72,931$62,924$54,137$46,462$35,658
15 years$77,835$66,624$56,812$48,281$40,909$30,692
16 years$72,215$61,126$51,508$43,230$36,156$26,505
17 years$67,261$56,295$46,870$38,842$32,058$22,954
18 years$62,863$52,019$42,787$35,005$28,505$19,927
19 years$58,932$48,211$39,169$31,630$25,407$17,335
20 years$55,399$44,800$35,948$28,647$22,694$15,106
21 years$52,206$41,729$33,065$25,999$20,308$13,184
22 years$49,307$38,953$30,474$23,639$18,204$11,522
23 years$46,665$36,432$28,138$21,528$16,341$10,080
24 years$44,246$34,134$26,023$19,635$14,687$8,828
25 years$42,024$32,033$24,102$17,932$13,216$7,738
26 years$39,976$30,106$22,353$16,396$11,905$6,787
27 years$38,084$28,333$20,757$15,008$10,733$5,957
28 years$36,329$26,698$19,296$13,750$9,685$5,232
29 years$34,699$25,187$17,957$12,609$8,745$4,597
30 years$33,180$23,786$16,726$11,572$7,902$4,041
31 years$31,762$22,486$15,593$10,628$7,144$3,554
32 years$30,435$21,276$14,549$9,768$6,462$3,126
33 years$29,191$20,149$13,584$8,982$5,848$2,751
34 years$28,023$19,097$12,692$8,264$5,295$2,421
35 years$26,924$18,113$11,867$7,608$4,796$2,132
36 years$25,888$17,192$11,101$7,007$4,345$1,877
37 years$24,911$16,328$10,390$6,456$3,938$1,653
38 years$23,987$15,518$9,730$5,950$3,570$1,456
39 years$23,113$14,756$9,116$5,486$3,238$1,283
40 years$22,285$14,039$8,544$5,060$2,937$1,130
41 years$21,499$13,364$8,012$4,669$2,664$996
42 years$20,752$12,727$7,515$4,309$2,418$878
43 years$20,042$12,126$7,052$3,978$2,194$773
44 years$19,367$11,559$6,620$3,673$1,992$682
45 years$18,723$11,023$6,216$3,392$1,808$601
46 years$18,109$10,515$5,838$3,133$1,642$530
47 years$17,523$10,035$5,485$2,895$1,491$467
48 years$16,963$9,579$5,154$2,675$1,354$412
49 years$16,427$9,148$4,845$2,472$1,229$363
50 years$15,914$8,738$4,555$2,285$1,117$320

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,300,000, adding $5,830 every year, while hoping to spend $26,805 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: 70/17/13 Blend
54$16,300,000$16,300,000$16,300,000$16,300,000
55$17,968,614$17,104,714$16,852,064$19,174,926
56$19,772,892$17,914,324$17,388,087$20,786,045
57$21,760,308$18,762,707$17,941,170$22,544,815
58$23,949,514$19,651,735$18,511,853$24,468,861
59$26,361,063$20,583,368$19,100,699$26,574,463
60$29,017,605$21,559,666$19,708,285$28,879,537
61$31,944,096$22,582,786$20,335,209$31,403,801
62$35,168,040$23,654,989$20,982,085$34,168,957
63$38,719,745$24,778,648$21,649,549$37,198,892
64$42,632,607$25,956,250$22,338,257$40,519,901
65$46,943,430$27,190,403$23,048,886$44,160,930
66$51,692,769$28,483,842$23,782,133$48,153,844
67$56,925,316$29,839,434$24,538,718$52,533,727
68$62,690,318$31,260,187$25,319,386$57,339,206
69$69,042,048$32,749,253$26,124,902$62,612,810
70$76,040,309$34,309,939$26,956,059$68,401,370
71$83,751,007$35,945,712$27,813,673$74,756,450
72$92,246,765$37,660,207$28,698,586$81,734,836
73$101,607,614$39,457,236$29,611,668$89,399,061
74$111,921,748$41,340,798$30,553,816$97,817,990
75$123,286,354$43,315,085$31,525,957$107,067,465
76$135,808,530$45,384,492$32,529,044$117,231,015
77$149,606,297$47,553,630$33,564,064$128,400,636
78$164,809,714$49,827,332$34,632,035$140,677,653
79$181,562,101$52,210,668$35,734,005$154,173,670
80$200,021,399$54,708,954$36,871,057$169,011,614
81$220,361,654$57,327,765$38,044,310$185,326,891
82$242,774,664$60,072,947$39,254,916$203,268,650
83$267,471,790$62,950,631$40,504,065$223,001,189
84$294,685,946$65,967,245$41,792,985$244,705,489
85$324,673,805$69,129,533$43,122,943$268,580,921
86$357,718,218$72,444,565$44,495,246$294,847,112
87$394,130,883$75,919,755$45,911,244$323,746,010
88$434,255,290$79,562,880$47,372,327$355,544,158
89$478,469,962$83,382,094$48,879,933$390,535,195
90$527,192,032$87,385,950$50,435,544$429,042,621
91$580,881,173$91,583,416$52,040,689$471,422,835
92$640,043,947$95,983,898$53,696,947$518,068,487
93$705,238,580$100,597,259$55,405,945$569,412,171
94$777,080,236$105,433,845$57,169,364$625,930,494
95$856,246,821$110,504,504$58,988,939$688,148,563
96$943,485,386$115,820,614$60,866,457$756,644,921
97$1,039,619,178$121,394,108$62,803,767$832,056,998
98$1,145,555,414$127,237,498$64,802,772$915,087,108
99$1,262,293,840$133,363,910$66,865,439$1,006,509,060
100$1,390,936,176$139,787,106$68,993,796$1,107,175,449