Can I retire at age 55 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,280,831
2 years$670,444$657,958$645,856$634,123$622,742$595,735
3 years$442,523$429,982$417,912$406,289$395,093$368,850
4 years$328,585$316,083$304,133$292,708$281,784$256,506
5 years$260,239$247,813$236,019$224,828$214,208$189,967
6 years$214,691$202,358$190,739$179,797$169,495$146,318
7 years$182,169$169,940$158,505$147,821$137,845$115,736
8 years$157,789$145,670$134,425$124,003$114,356$93,309
9 years$138,836$126,832$115,780$105,623$96,304$76,304
10 years$123,683$111,796$100,940$91,048$82,056$63,084
11 years$111,293$99,525$88,866$79,239$70,571$52,602
12 years$100,976$89,329$78,866$69,503$61,155$44,164
13 years$92,252$80,727$70,462$61,361$53,328$37,286
14 years$84,782$73,379$63,310$54,470$46,747$31,622
15 years$78,313$67,033$57,160$48,577$41,160$26,919
16 years$72,658$61,501$51,824$43,496$36,377$22,988
17 years$67,674$56,640$47,158$39,081$32,255$19,682
18 years$63,249$52,338$43,049$35,219$28,679$16,889
19 years$59,294$48,506$39,409$31,824$25,563$14,520
20 years$55,738$45,075$36,168$28,823$22,833$12,503
21 years$52,526$41,985$33,268$26,158$20,433$10,780
22 years$49,610$39,192$30,661$23,784$18,315$9,306
23 years$46,951$36,655$28,310$21,660$16,441$8,042
24 years$44,517$34,343$26,182$19,756$14,777$6,955
25 years$42,282$32,230$24,250$18,042$13,297$6,019
26 years$40,222$30,291$22,491$16,497$11,978$5,213
27 years$38,317$28,507$20,885$15,100$10,799$4,517
28 years$36,552$26,862$19,415$13,835$9,744$3,916
29 years$34,912$25,341$18,067$12,687$8,799$3,396
30 years$33,383$23,932$16,829$11,643$7,950$2,946
31 years$31,956$22,624$15,689$10,693$7,188$2,557
32 years$30,621$21,407$14,638$9,827$6,502$2,219
33 years$29,370$20,273$13,668$9,037$5,884$1,927
34 years$28,195$19,214$12,770$8,315$5,327$1,673
35 years$27,089$18,224$11,939$7,654$4,825$1,454
36 years$26,047$17,297$11,169$7,049$4,372$1,263
37 years$25,064$16,428$10,454$6,495$3,962$1,097
38 years$24,134$15,613$9,790$5,987$3,592$953
39 years$23,255$14,846$9,172$5,520$3,258$828
40 years$22,421$14,125$8,597$5,091$2,955$720
41 years$21,631$13,446$8,061$4,698$2,681$626
42 years$20,880$12,805$7,562$4,335$2,432$544
43 years$20,165$12,201$7,096$4,002$2,208$473
44 years$19,486$11,630$6,660$3,695$2,004$411
45 years$18,838$11,090$6,254$3,413$1,819$357
46 years$18,220$10,580$5,874$3,152$1,652$311
47 years$17,630$10,096$5,518$2,912$1,500$270
48 years$17,067$9,638$5,186$2,691$1,362$235
49 years$16,528$9,204$4,874$2,487$1,237$204
50 years$16,012$8,792$4,582$2,299$1,124$177

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,400,000, adding $2,740 every year, while hoping to spend $29,012 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: 82/10/8 Blend
54$16,400,000$16,400,000$16,400,000$16,400,000
55$18,075,626$17,206,426$16,952,226$19,540,165
56$19,888,472$18,018,673$17,489,257$21,311,005
57$21,885,255$18,869,747$18,043,307$23,250,553
58$24,084,707$19,761,520$18,614,913$25,378,965
59$26,507,469$20,695,956$19,204,635$27,715,144
60$29,176,285$21,675,113$19,813,044$30,279,908
61$32,116,219$22,701,147$20,440,735$33,096,179
62$35,354,892$23,776,321$21,088,317$36,189,204
63$38,922,738$24,903,008$21,756,423$39,586,788
64$42,853,296$26,083,694$22,445,702$43,319,551
65$47,183,524$27,320,987$23,156,825$47,421,220
66$51,954,151$28,617,623$23,890,486$51,928,943
67$57,210,056$29,976,468$24,647,399$56,883,634
68$63,000,695$31,400,528$25,428,300$62,330,361
69$69,380,568$32,892,957$26,233,951$68,318,765
70$76,409,734$34,457,059$27,065,136$74,903,530
71$84,154,373$36,096,301$27,922,664$82,144,890
72$92,687,418$37,814,318$28,807,372$90,109,199
73$102,089,235$39,614,921$29,720,120$98,869,552
74$112,448,391$41,502,106$30,661,797$108,506,473
75$123,862,481$43,480,063$31,633,322$119,108,670
76$136,439,056$45,553,188$32,635,640$130,773,868
77$150,296,633$47,726,087$33,669,727$143,609,729
78$165,565,818$50,003,594$34,736,591$157,734,865
79$182,390,536$52,390,775$35,837,272$173,279,948
80$200,929,390$54,892,943$36,972,841$190,388,946
81$221,357,162$57,515,671$38,144,404$209,220,473
82$243,866,454$60,264,801$39,353,104$229,949,282
83$268,669,517$63,146,460$40,600,117$252,767,909
84$296,000,245$66,167,075$41,886,659$277,888,487
85$326,116,391$69,333,382$43,213,983$305,544,741
86$359,301,993$72,652,448$44,583,381$335,994,189
87$395,870,062$76,131,683$45,996,190$369,520,566
88$436,165,530$79,778,857$47,453,784$406,436,497
89$480,568,512$83,602,120$48,957,584$447,086,442
90$529,497,893$87,610,016$50,509,056$491,849,938
91$583,415,280$91,811,508$52,109,710$541,145,179
92$642,829,361$96,215,995$53,761,108$595,432,950
93$708,300,708$100,833,331$55,464,858$655,220,973
94$780,447,070$105,673,853$57,222,620$721,068,694
95$859,949,200$110,748,402$59,036,107$793,592,547
96$947,557,289$116,068,344$60,907,087$873,471,772
97$1,044,098,041$121,645,601$62,837,383$961,454,814
98$1,150,482,481$127,492,676$64,828,876$1,058,366,381
99$1,267,714,558$133,622,680$66,883,506$1,165,115,215
100$1,396,900,616$140,049,365$69,003,277$1,282,702,664