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%14.6%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,282,929
2 years$670,444$657,958$645,856$634,123$622,742$597,823
3 years$442,523$429,982$417,912$406,289$395,093$370,862
4 years$328,585$316,083$304,133$292,708$281,784$258,427
5 years$260,239$247,813$236,019$224,828$214,208$191,792
6 years$214,691$202,358$190,739$179,797$169,495$148,045
7 years$182,169$169,940$158,505$147,821$137,845$117,366
8 years$157,789$145,670$134,425$124,003$114,356$94,843
9 years$138,836$126,832$115,780$105,623$96,304$77,745
10 years$123,683$111,796$100,940$91,048$82,056$64,433
11 years$111,293$99,525$88,866$79,239$70,571$53,863
12 years$100,976$89,329$78,866$69,503$61,155$45,340
13 years$92,252$80,727$70,462$61,361$53,328$38,380
14 years$84,782$73,379$63,310$54,470$46,747$32,639
15 years$78,313$67,033$57,160$48,577$41,160$27,862
16 years$72,658$61,501$51,824$43,496$36,377$23,860
17 years$67,674$56,640$47,158$39,081$32,255$20,488
18 years$63,249$52,338$43,049$35,219$28,679$17,632
19 years$59,294$48,506$39,409$31,824$25,563$15,203
20 years$55,738$45,075$36,168$28,823$22,833$13,131
21 years$52,526$41,985$33,268$26,158$20,433$11,356
22 years$49,610$39,192$30,661$23,784$18,315$9,834
23 years$46,951$36,655$28,310$21,660$16,441$8,524
24 years$44,517$34,343$26,182$19,756$14,777$7,395
25 years$42,282$32,230$24,250$18,042$13,297$6,421
26 years$40,222$30,291$22,491$16,497$11,978$5,578
27 years$38,317$28,507$20,885$15,100$10,799$4,849
28 years$36,552$26,862$19,415$13,835$9,744$4,218
29 years$34,912$25,341$18,067$12,687$8,799$3,670
30 years$33,383$23,932$16,829$11,643$7,950$3,194
31 years$31,956$22,624$15,689$10,693$7,188$2,781
32 years$30,621$21,407$14,638$9,827$6,502$2,422
33 years$29,370$20,273$13,668$9,037$5,884$2,110
34 years$28,195$19,214$12,770$8,315$5,327$1,839
35 years$27,089$18,224$11,939$7,654$4,825$1,602
36 years$26,047$17,297$11,169$7,049$4,372$1,397
37 years$25,064$16,428$10,454$6,495$3,962$1,218
38 years$24,134$15,613$9,790$5,987$3,592$1,062
39 years$23,255$14,846$9,172$5,520$3,258$926
40 years$22,421$14,125$8,597$5,091$2,955$807
41 years$21,631$13,446$8,061$4,698$2,681$704
42 years$20,880$12,805$7,562$4,335$2,432$614
43 years$20,165$12,201$7,096$4,002$2,208$536
44 years$19,486$11,630$6,660$3,695$2,004$467
45 years$18,838$11,090$6,254$3,413$1,819$408
46 years$18,220$10,580$5,874$3,152$1,652$356
47 years$17,630$10,096$5,518$2,912$1,500$310
48 years$17,067$9,638$5,186$2,691$1,362$271
49 years$16,528$9,204$4,874$2,487$1,237$236
50 years$16,012$8,792$4,582$2,299$1,124$206

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 $2,397 every year, while hoping to spend $58,159 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: 52/41/7 Blend
54$16,400,000$16,400,000$16,400,000$16,400,000
55$18,075,273$17,206,073$16,951,873$18,984,210
56$19,857,070$17,987,289$17,457,880$20,382,709
57$21,818,661$18,804,837$17,978,889$21,896,238
58$23,978,323$19,660,433$18,515,341$23,540,756
59$26,356,198$20,555,880$19,067,690$25,328,612
60$28,974,476$21,493,064$19,636,404$27,273,369
61$31,857,612$22,473,963$20,221,963$29,389,925
62$35,032,552$23,500,651$20,824,862$31,694,649
63$38,528,987$24,575,298$21,445,610$34,205,526
64$42,379,637$25,700,181$22,084,731$36,942,324
65$46,620,556$26,877,685$22,742,765$39,926,766
66$51,291,471$28,110,310$23,420,266$43,182,735
67$56,436,161$29,400,675$24,117,805$46,736,486
68$62,102,868$30,751,527$24,835,970$50,616,887
69$68,344,751$32,165,743$25,575,366$54,855,680
70$75,220,389$33,646,337$26,336,614$59,487,777
71$82,794,333$35,196,472$27,120,355$64,551,574
72$91,137,716$36,819,460$27,927,247$70,089,306
73$100,328,921$38,518,772$28,757,968$76,147,432
74$110,454,328$40,298,048$29,613,217$82,777,066
75$121,609,119$42,161,102$30,493,709$90,034,444
76$133,898,185$44,111,932$31,400,184$97,981,447
77$147,437,111$46,154,728$32,333,402$106,686,167
78$162,353,269$48,293,882$33,294,143$116,223,538
79$178,787,018$50,533,998$34,283,213$126,676,031
80$196,893,032$52,879,902$35,301,439$138,134,415
81$216,841,757$55,336,653$36,349,672$150,698,600
82$238,821,018$57,909,551$37,428,789$164,478,562
83$263,037,799$60,604,156$38,539,690$179,595,366
84$289,720,188$63,426,293$39,683,303$196,182,289
85$319,119,535$66,382,069$40,860,581$214,386,062
86$351,512,824$69,477,887$42,072,507$234,368,231
87$387,205,287$72,720,458$43,320,091$256,306,666
88$426,533,282$76,116,816$44,604,370$280,397,217
89$469,867,474$79,674,338$45,926,413$306,855,536
90$517,616,329$83,400,753$47,287,321$335,919,099
91$570,229,972$87,304,167$48,688,224$367,849,411
92$628,204,435$91,393,078$50,130,286$402,934,458
93$692,086,341$95,676,391$51,614,703$441,491,395
94$762,478,059$100,163,447$53,142,707$483,869,510
95$840,043,399$104,864,033$54,715,566$530,453,494
96$925,513,870$109,788,415$56,334,581$581,667,041
97$1,019,695,589$114,947,351$58,001,094$637,976,813
98$1,123,476,891$120,352,124$59,716,483$699,896,813
99$1,237,836,715$126,014,559$61,482,167$767,993,203
100$1,363,853,845$131,947,057$63,299,604$842,889,608