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%13.6%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,280,361
2 years$666,356$653,946$641,918$630,257$618,945$599,420
3 years$439,824$427,361$415,363$403,811$392,684$373,665
4 years$326,581$314,155$302,278$290,923$280,066$261,699
5 years$258,653$246,302$234,580$223,457$212,901$195,240
6 years$213,382$201,124$189,576$178,700$168,462$151,526
7 years$181,058$168,903$157,538$146,919$137,004$120,801
8 years$156,827$144,781$133,605$123,247$113,658$98,184
9 years$137,990$126,058$115,074$104,979$95,717$80,964
10 years$122,929$111,114$100,324$90,493$81,556$67,513
11 years$110,615$98,918$88,324$78,756$70,140$56,795
12 years$100,360$88,784$78,385$69,080$60,782$48,116
13 years$91,690$80,235$70,032$60,987$53,003$41,000
14 years$84,265$72,931$62,924$54,137$46,462$35,102
15 years$77,835$66,624$56,812$48,281$40,909$30,171
16 years$72,215$61,126$51,508$43,230$36,156$26,020
17 years$67,261$56,295$46,870$38,842$32,058$22,502
18 years$62,863$52,019$42,787$35,005$28,505$19,506
19 years$58,932$48,211$39,169$31,630$25,407$16,944
20 years$55,399$44,800$35,948$28,647$22,694$14,744
21 years$52,206$41,729$33,065$25,999$20,308$12,848
22 years$49,307$38,953$30,474$23,639$18,204$11,211
23 years$46,665$36,432$28,138$21,528$16,341$9,793
24 years$44,246$34,134$26,023$19,635$14,687$8,563
25 years$42,024$32,033$24,102$17,932$13,216$7,494
26 years$39,976$30,106$22,353$16,396$11,905$6,563
27 years$38,084$28,333$20,757$15,008$10,733$5,751
28 years$36,329$26,698$19,296$13,750$9,685$5,043
29 years$34,699$25,187$17,957$12,609$8,745$4,424
30 years$33,180$23,786$16,726$11,572$7,902$3,882
31 years$31,762$22,486$15,593$10,628$7,144$3,408
32 years$30,435$21,276$14,549$9,768$6,462$2,993
33 years$29,191$20,149$13,584$8,982$5,848$2,630
34 years$28,023$19,097$12,692$8,264$5,295$2,311
35 years$26,924$18,113$11,867$7,608$4,796$2,031
36 years$25,888$17,192$11,101$7,007$4,345$1,785
37 years$24,911$16,328$10,390$6,456$3,938$1,570
38 years$23,987$15,518$9,730$5,950$3,570$1,380
39 years$23,113$14,756$9,116$5,486$3,238$1,214
40 years$22,285$14,039$8,544$5,060$2,937$1,068
41 years$21,499$13,364$8,012$4,669$2,664$939
42 years$20,752$12,727$7,515$4,309$2,418$826
43 years$20,042$12,126$7,052$3,978$2,194$727
44 years$19,367$11,559$6,620$3,673$1,992$639
45 years$18,723$11,023$6,216$3,392$1,808$563
46 years$18,109$10,515$5,838$3,133$1,642$495
47 years$17,523$10,035$5,485$2,895$1,491$436
48 years$16,963$9,579$5,154$2,675$1,354$383
49 years$16,427$9,148$4,845$2,472$1,229$337
50 years$15,914$8,738$4,555$2,285$1,117$297

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 $3,613 every year, while hoping to spend $25,911 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: 44/48/8 Blend
54$16,300,000$16,300,000$16,300,000$16,300,000
55$17,966,327$17,102,427$16,849,777$18,715,801
56$19,771,323$17,912,877$17,386,675$20,045,701
57$21,759,560$18,762,170$17,940,691$21,483,261
58$23,949,702$19,652,183$18,512,371$23,040,687
59$26,362,315$20,584,883$19,102,278$24,728,986
60$29,020,060$21,562,332$19,710,994$26,560,235
61$31,947,913$22,586,692$20,339,119$28,547,682
62$35,173,392$23,660,233$20,987,272$30,705,863
63$38,726,825$24,785,330$21,656,092$33,050,733
64$42,641,628$25,964,479$22,346,238$35,599,805
65$46,954,629$27,200,293$23,058,391$38,372,310
66$51,706,407$28,495,513$23,793,254$41,389,362
67$56,941,683$29,853,015$24,551,550$44,674,152
68$62,709,735$31,275,814$25,334,028$48,252,155
69$69,064,868$32,767,069$26,141,458$52,151,357
70$76,066,926$34,330,097$26,974,638$56,402,510
71$83,781,853$35,968,372$27,834,389$61,039,407
72$92,282,319$37,685,539$28,721,558$66,099,191
73$101,648,407$39,485,422$29,637,021$71,622,688
74$111,968,364$41,372,027$30,581,681$77,654,782
75$123,339,440$43,349,559$31,556,470$84,244,819
76$135,868,799$45,422,424$32,562,348$91,447,061
77$149,674,538$47,595,245$33,600,309$99,321,180
78$164,886,797$49,872,868$34,671,375$107,932,803
79$181,648,989$52,260,376$35,776,604$117,354,115
80$200,119,151$54,763,100$36,917,086$127,664,520
81$220,471,442$57,386,630$38,093,946$138,951,371
82$242,897,782$60,136,827$39,308,346$151,310,775
83$267,609,662$63,019,838$40,561,482$164,848,473
84$294,840,149$66,042,111$41,854,592$179,680,823
85$324,846,075$69,210,406$43,188,952$195,935,868
86$357,910,471$72,531,812$44,565,879$213,754,523
87$394,345,233$76,013,765$45,986,730$233,291,876
88$434,494,070$79,664,063$47,452,909$254,718,627
89$478,735,746$83,490,882$48,965,861$278,222,668
90$527,487,655$87,502,799$50,527,081$304,010,828
91$581,209,767$91,708,807$52,138,109$332,310,791
92$640,408,962$96,118,338$53,800,535$363,373,216
93$705,643,824$100,741,283$55,516,000$397,474,065
94$777,529,905$105,588,017$57,286,197$434,917,170
95$856,745,544$110,669,420$59,112,874$476,037,067
96$944,038,268$115,996,899$60,997,834$521,202,111
97$1,040,231,847$121,582,423$62,942,937$570,817,911
98$1,146,234,074$127,438,540$64,950,104$625,331,115
99$1,263,045,333$133,578,412$67,021,316$685,233,582
100$1,391,768,045$140,015,843$69,158,618$751,066,972