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%16.5%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,273,046
2 years$670,444$657,958$645,856$634,123$622,742$588,012
3 years$442,523$429,982$417,912$406,289$395,093$361,432
4 years$328,585$316,083$304,133$292,708$281,784$249,451
5 years$260,239$247,813$236,019$224,828$214,208$183,292
6 years$214,691$202,358$190,739$179,797$169,495$140,027
7 years$182,169$169,940$158,505$147,821$137,845$109,825
8 years$157,789$145,670$134,425$124,003$114,356$87,771
9 years$138,836$126,832$115,780$105,623$96,304$71,131
10 years$123,683$111,796$100,940$91,048$82,056$58,262
11 years$111,293$99,525$88,866$79,239$70,571$48,120
12 years$100,976$89,329$78,866$69,503$61,155$40,007
13 years$92,252$80,727$70,462$61,361$53,328$33,438
14 years$84,782$73,379$63,310$54,470$46,747$28,070
15 years$78,313$67,033$57,160$48,577$41,160$23,647
16 years$72,658$61,501$51,824$43,496$36,377$19,979
17 years$67,674$56,640$47,158$39,081$32,255$16,921
18 years$63,249$52,338$43,049$35,219$28,679$14,361
19 years$59,294$48,506$39,409$31,824$25,563$12,209
20 years$55,738$45,075$36,168$28,823$22,833$10,394
21 years$52,526$41,985$33,268$26,158$20,433$8,860
22 years$49,610$39,192$30,661$23,784$18,315$7,560
23 years$46,951$36,655$28,310$21,660$16,441$6,456
24 years$44,517$34,343$26,182$19,756$14,777$5,518
25 years$42,282$32,230$24,250$18,042$13,297$4,719
26 years$40,222$30,291$22,491$16,497$11,978$4,038
27 years$38,317$28,507$20,885$15,100$10,799$3,456
28 years$36,552$26,862$19,415$13,835$9,744$2,960
29 years$34,912$25,341$18,067$12,687$8,799$2,536
30 years$33,383$23,932$16,829$11,643$7,950$2,173
31 years$31,956$22,624$15,689$10,693$7,188$1,862
32 years$30,621$21,407$14,638$9,827$6,502$1,597
33 years$29,370$20,273$13,668$9,037$5,884$1,369
34 years$28,195$19,214$12,770$8,315$5,327$1,174
35 years$27,089$18,224$11,939$7,654$4,825$1,007
36 years$26,047$17,297$11,169$7,049$4,372$864
37 years$25,064$16,428$10,454$6,495$3,962$741
38 years$24,134$15,613$9,790$5,987$3,592$636
39 years$23,255$14,846$9,172$5,520$3,258$545
40 years$22,421$14,125$8,597$5,091$2,955$468
41 years$21,631$13,446$8,061$4,698$2,681$402
42 years$20,880$12,805$7,562$4,335$2,432$345
43 years$20,165$12,201$7,096$4,002$2,208$296
44 years$19,486$11,630$6,660$3,695$2,004$254
45 years$18,838$11,090$6,254$3,413$1,819$218
46 years$18,220$10,580$5,874$3,152$1,652$187
47 years$17,630$10,096$5,518$2,912$1,500$160
48 years$17,067$9,638$5,186$2,691$1,362$138
49 years$16,528$9,204$4,874$2,487$1,237$118
50 years$16,012$8,792$4,582$2,299$1,124$101

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 $3,116 every year, while hoping to spend $38,813 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: 41/46/13 Blend
54$16,400,000$16,400,000$16,400,000$16,400,000
55$18,076,014$17,206,814$16,952,614$18,747,528
56$19,878,471$18,008,651$17,479,230$20,022,645
57$21,863,477$18,848,478$18,022,187$21,397,799
58$24,049,613$19,728,114$18,581,990$22,885,303
59$26,457,350$20,649,468$19,159,164$24,495,398
60$29,109,248$21,614,540$19,754,244$26,239,315
61$32,030,168$22,625,429$20,367,788$28,129,373
62$35,247,502$23,684,332$21,000,366$30,179,086
63$38,791,437$24,793,555$21,652,568$32,403,286
64$42,695,238$25,955,513$22,325,003$34,818,248
65$46,995,559$27,172,740$23,018,298$37,441,842
66$51,732,793$28,447,891$23,733,098$40,293,686
67$56,951,451$29,783,751$24,470,070$43,395,323
68$62,700,582$31,183,238$25,229,901$46,770,417
69$69,034,238$32,649,413$26,013,298$50,444,961
70$76,011,979$34,185,484$26,820,993$54,447,511
71$83,699,442$35,794,813$27,653,738$58,809,448
72$92,168,955$37,480,929$28,512,307$63,565,257
73$101,500,222$39,247,528$29,397,503$68,752,842
74$111,781,074$41,098,486$30,310,148$74,413,867
75$123,108,299$43,037,867$31,251,094$80,594,140
76$135,588,556$45,069,934$32,221,217$87,344,025
77$149,339,381$47,199,152$33,221,419$94,718,904
78$164,490,294$49,430,207$34,252,634$102,779,684
79$181,184,028$51,768,011$35,315,820$111,593,351
80$199,577,867$54,217,712$36,411,968$121,233,590
81$219,845,139$56,784,710$37,542,100$131,781,455
82$242,176,849$59,474,666$38,707,265$143,326,120
83$266,783,480$62,293,517$39,908,551$155,965,695
84$293,896,981$65,247,486$41,147,074$169,808,134
85$323,772,960$68,343,099$42,423,987$184,972,228
86$356,693,091$71,587,200$43,740,480$201,588,707
87$392,967,777$74,986,963$45,097,777$219,801,444
88$432,939,078$78,549,913$46,497,140$239,768,788
89$476,983,943$82,283,937$47,939,873$261,665,035
90$525,517,764$86,197,309$49,427,318$285,682,038
91$578,998,300$90,298,702$50,960,857$312,030,996
92$637,930,000$94,597,211$52,541,919$340,944,407
93$702,868,760$99,102,374$54,171,974$372,678,238
94$774,427,175$103,824,193$55,852,536$407,514,301
95$853,280,322$108,773,153$57,585,171$445,762,880
96$940,172,129$113,960,251$59,371,489$487,765,619
97$1,035,922,403$119,397,020$61,213,150$533,898,711
98$1,141,434,565$125,095,551$63,111,867$584,576,407
99$1,257,704,182$131,068,525$65,069,406$640,254,878
100$1,385,828,364$137,329,237$67,087,587$701,436,482