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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.1%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,285,565
2 years$670,444$657,958$645,856$634,123$622,742$600,451
3 years$442,523$429,982$417,912$406,289$395,093$373,398
4 years$328,585$316,083$304,133$292,708$281,784$260,852
5 years$260,239$247,813$236,019$224,828$214,208$194,100
6 years$214,691$202,358$190,739$179,797$169,495$150,234
7 years$182,169$169,940$158,505$147,821$137,845$119,436
8 years$157,789$145,670$134,425$124,003$114,356$96,795
9 years$138,836$126,832$115,780$105,623$96,304$79,582
10 years$123,683$111,796$100,940$91,048$82,056$66,158
11 years$111,293$99,525$88,866$79,239$70,571$55,480
12 years$100,976$89,329$78,866$69,503$61,155$46,852
13 years$92,252$80,727$70,462$61,361$53,328$39,791
14 years$84,782$73,379$63,310$54,470$46,747$33,953
15 years$78,313$67,033$57,160$48,577$41,160$29,084
16 years$72,658$61,501$51,824$43,496$36,377$24,994
17 years$67,674$56,640$47,158$39,081$32,255$21,539
18 years$63,249$52,338$43,049$35,219$28,679$18,604
19 years$59,294$48,506$39,409$31,824$25,563$16,101
20 years$55,738$45,075$36,168$28,823$22,833$13,958
21 years$52,526$41,985$33,268$26,158$20,433$12,118
22 years$49,610$39,192$30,661$23,784$18,315$10,533
23 years$46,951$36,655$28,310$21,660$16,441$9,166
24 years$44,517$34,343$26,182$19,756$14,777$7,983
25 years$42,282$32,230$24,250$18,042$13,297$6,959
26 years$40,222$30,291$22,491$16,497$11,978$6,070
27 years$38,317$28,507$20,885$15,100$10,799$5,298
28 years$36,552$26,862$19,415$13,835$9,744$4,627
29 years$34,912$25,341$18,067$12,687$8,799$4,042
30 years$33,383$23,932$16,829$11,643$7,950$3,533
31 years$31,956$22,624$15,689$10,693$7,188$3,089
32 years$30,621$21,407$14,638$9,827$6,502$2,701
33 years$29,370$20,273$13,668$9,037$5,884$2,363
34 years$28,195$19,214$12,770$8,315$5,327$2,068
35 years$27,089$18,224$11,939$7,654$4,825$1,810
36 years$26,047$17,297$11,169$7,049$4,372$1,584
37 years$25,064$16,428$10,454$6,495$3,962$1,387
38 years$24,134$15,613$9,790$5,987$3,592$1,214
39 years$23,255$14,846$9,172$5,520$3,258$1,063
40 years$22,421$14,125$8,597$5,091$2,955$931
41 years$21,631$13,446$8,061$4,698$2,681$816
42 years$20,880$12,805$7,562$4,335$2,432$715
43 years$20,165$12,201$7,096$4,002$2,208$626
44 years$19,486$11,630$6,660$3,695$2,004$548
45 years$18,838$11,090$6,254$3,413$1,819$480
46 years$18,220$10,580$5,874$3,152$1,652$421
47 years$17,630$10,096$5,518$2,912$1,500$369
48 years$17,067$9,638$5,186$2,691$1,362$323
49 years$16,528$9,204$4,874$2,487$1,237$283
50 years$16,012$8,792$4,582$2,299$1,124$248

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 $2,574 every year, while hoping to spend $47,497 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: 88/5/7 Blend
54$16,400,000$16,400,000$16,400,000$16,400,000
55$18,075,455$17,206,255$16,952,055$19,657,467
56$19,868,615$17,998,825$17,469,412$21,480,430
57$21,843,085$18,828,639$18,002,509$23,477,433
58$24,017,310$19,697,472$18,551,823$25,671,375
59$26,411,611$20,607,184$19,117,845$28,082,096
60$29,048,384$21,559,725$19,701,082$30,731,453
61$31,952,306$22,557,138$20,302,054$33,643,522
62$35,150,569$23,601,565$20,921,301$36,844,825
63$38,673,137$24,695,252$21,559,375$40,364,578
64$42,553,029$25,840,552$22,216,846$44,234,965
65$46,826,631$27,039,931$22,894,302$48,491,443
66$51,534,035$28,295,975$23,592,349$53,173,074
67$56,719,423$29,611,395$24,311,610$58,322,890
68$62,431,482$30,989,031$25,052,727$63,988,301
69$68,723,861$32,431,862$25,816,361$70,221,539
70$75,655,681$33,943,009$26,603,195$77,080,149
71$83,292,089$35,525,745$27,413,930$84,627,531
72$91,704,875$37,183,500$28,249,290$92,933,538
73$100,973,151$38,919,870$29,110,020$102,075,131
74$111,184,094$40,738,625$29,996,888$112,137,104
75$122,433,772$42,643,718$30,910,683$123,212,885
76$134,828,046$44,639,290$31,852,221$135,405,411
77$148,483,577$46,729,685$32,822,340$148,828,103
78$163,528,918$48,919,456$33,821,905$163,605,929
79$180,105,735$51,213,376$34,851,806$179,876,585
80$198,370,139$53,616,450$35,912,960$197,791,791
81$218,494,160$56,133,924$37,006,312$217,518,719
82$240,667,376$58,771,297$38,132,834$239,241,571
83$265,098,693$61,534,336$39,293,530$263,163,315
84$292,018,328$64,429,086$40,489,431$289,507,594
85$321,679,971$67,461,885$41,721,601$318,520,840
86$354,363,189$70,639,379$42,991,135$350,474,591
87$390,376,059$73,968,533$44,299,163$385,668,057
88$430,058,078$77,456,652$45,646,846$424,430,936
89$473,783,368$81,111,394$47,035,381$467,126,524
90$521,964,208$84,940,789$48,466,003$514,155,144
91$575,054,924$88,953,254$49,939,981$565,957,918
92$633,556,180$93,157,617$51,458,624$623,020,926
93$698,019,702$97,563,132$53,023,279$685,879,795
94$769,053,488$102,179,502$54,635,335$755,124,747
95$847,327,547$107,016,901$56,296,223$831,406,166
96$933,580,224$112,085,997$58,007,413$915,440,737
97$1,028,625,170$117,397,974$59,770,425$1,008,018,202
98$1,133,359,023$122,964,560$61,586,820$1,110,008,815
99$1,248,769,873$128,798,053$63,458,208$1,222,371,547
100$1,375,946,589$134,911,347$65,386,247$1,346,163,137