Can I retire at age 55 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,304,709
2 years$674,532$661,969$649,794$637,990$626,540$615,429
3 years$445,221$432,604$420,460$408,766$397,502$386,649
4 years$330,588$318,010$305,987$294,493$283,502$272,990
5 years$261,826$249,324$237,459$226,199$215,514$205,374
6 years$216,000$203,592$191,902$180,893$170,529$160,774
7 years$183,280$170,976$159,471$148,722$138,686$129,320
8 years$158,751$146,558$135,244$124,759$115,053$106,077
9 years$139,683$127,605$116,486$106,267$96,891$88,301
10 years$124,437$112,478$101,555$91,603$82,556$74,348
11 years$111,972$100,132$89,407$79,722$71,001$63,168
12 years$101,592$89,873$79,347$69,927$61,528$54,063
13 years$92,815$81,219$70,891$61,735$53,654$46,548
14 years$85,299$73,826$63,696$54,802$47,032$40,278
15 years$78,790$67,441$57,509$48,873$41,411$34,998
16 years$73,101$61,876$52,140$43,761$36,599$30,517
17 years$68,087$56,986$47,446$39,319$32,451$26,690
18 years$63,634$52,657$43,312$35,434$28,854$23,403
19 years$59,655$48,802$39,650$32,018$25,718$20,566
20 years$56,078$45,349$36,389$28,998$22,972$18,108
21 years$52,846$42,241$33,470$26,318$20,558$15,970
22 years$49,912$39,431$30,848$23,929$18,427$14,105
23 years$47,237$36,879$28,483$21,793$16,541$12,473
24 years$44,789$34,553$26,342$19,876$14,867$11,042
25 years$42,540$32,426$24,398$18,152$13,378$9,785
26 years$40,467$30,475$22,628$16,597$12,051$8,679
27 years$38,551$28,681$21,012$15,192$10,865$7,703
28 years$36,775$27,026$19,533$13,919$9,804$6,842
29 years$35,124$25,496$18,177$12,764$8,852$6,080
30 years$33,587$24,078$16,932$11,714$7,999$5,406
31 years$32,151$22,762$15,785$10,759$7,232$4,809
32 years$30,808$21,537$14,727$9,887$6,541$4,280
33 years$29,549$20,396$13,751$9,092$5,920$3,810
34 years$28,367$19,331$12,848$8,366$5,360$3,393
35 years$27,254$18,335$12,012$7,701$4,855$3,023
36 years$26,206$17,403$11,237$7,092$4,399$2,693
37 years$25,216$16,529$10,518$6,535$3,987$2,400
38 years$24,281$15,708$9,849$6,023$3,614$2,139
39 years$23,397$14,937$9,228$5,554$3,277$1,907
40 years$22,558$14,211$8,649$5,123$2,973$1,701
41 years$21,763$13,528$8,110$4,726$2,697$1,517
42 years$21,007$12,883$7,608$4,362$2,447$1,353
43 years$20,288$12,275$7,139$4,026$2,221$1,207
44 years$19,604$11,701$6,701$3,718$2,016$1,077
45 years$18,953$11,158$6,292$3,433$1,830$961
46 years$18,331$10,644$5,910$3,171$1,662$857
47 years$17,738$10,158$5,552$2,930$1,509$765
48 years$17,171$9,697$5,217$2,707$1,370$683
49 years$16,629$9,260$4,904$2,502$1,245$609
50 years$16,110$8,846$4,610$2,313$1,130$544

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,500,000, adding $4,545 every year, while hoping to spend $31,050 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: 41/32/27 Blend
54$16,500,000$16,500,000$16,500,000$16,500,000
55$18,187,688$17,313,188$17,057,438$18,788,733
56$20,009,795$18,128,497$17,595,825$20,038,425
57$22,016,717$18,982,716$18,151,208$21,386,983
58$24,227,271$19,877,718$18,724,122$22,846,130
59$26,662,194$20,815,468$19,315,122$24,426,050
60$29,344,338$21,798,026$19,924,778$26,137,918
61$32,298,881$22,827,550$20,553,680$27,994,001
62$35,553,574$23,906,306$21,202,434$30,007,766
63$39,138,991$25,036,668$21,871,668$32,193,999
64$43,088,828$26,221,125$22,562,029$34,568,940
65$47,440,214$27,462,286$23,274,183$37,150,428
66$52,234,066$28,762,888$24,008,818$39,958,060
67$57,515,472$30,125,801$24,766,645$43,013,370
68$63,334,117$31,554,032$25,548,395$46,340,020
69$69,744,755$33,050,737$26,354,824$49,964,019
70$76,807,720$34,619,223$27,186,710$53,913,954
71$84,589,501$36,262,959$28,044,859$58,221,257
72$93,163,367$37,985,581$28,930,098$62,920,482
73$102,610,057$39,790,901$29,843,284$68,049,630
74$113,018,547$41,682,919$30,785,298$73,650,488
75$124,486,885$43,665,828$31,757,050$79,769,018
76$137,123,116$45,744,023$32,759,481$86,455,777
77$151,046,308$47,922,114$33,793,558$93,766,378
78$166,387,670$50,204,936$34,860,281$101,762,007
79$183,291,792$52,597,557$35,960,679$110,509,980
80$201,918,010$55,105,293$37,095,818$120,084,371
81$222,441,912$57,733,718$38,266,793$130,566,690
82$245,056,993$60,488,675$39,474,736$142,046,641
83$269,976,481$63,376,295$40,720,814$154,622,947
84$297,435,352$66,403,004$42,006,231$168,404,269
85$327,692,548$69,575,541$43,332,231$183,510,211
86$361,033,420$72,900,975$44,700,092$200,072,431
87$397,772,423$76,386,716$46,111,139$218,235,862
88$438,256,082$80,040,537$47,566,734$238,160,061
89$482,866,266$83,870,588$49,068,284$260,020,692
90$532,023,794$87,885,415$50,617,239$284,011,165
91$586,192,402$92,093,981$52,215,098$310,344,430
92$645,883,126$96,505,686$53,863,403$339,254,971
93$711,659,126$101,130,386$55,563,749$371,000,987
94$784,141,000$105,978,418$57,317,777$405,866,805
95$864,012,643$111,060,621$59,127,184$444,165,536
96$952,027,706$116,388,365$60,993,717$486,241,997
97$1,049,016,706$121,973,569$62,919,182$532,475,940
98$1,155,894,874$127,828,737$64,905,437$583,285,598
99$1,273,670,786$133,966,980$66,954,404$639,131,604
100$1,403,455,891$140,402,048$69,068,063$700,521,303