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%18.8%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,269,050
2 years$674,532$661,969$649,794$637,990$626,540$580,004
3 years$445,221$432,604$420,460$408,766$397,502$352,578
4 years$330,588$318,010$305,987$294,493$283,502$240,532
5 years$261,826$249,324$237,459$226,199$215,514$174,610
6 years$216,000$203,592$191,902$180,893$170,529$131,722
7 years$183,280$170,976$159,471$148,722$138,686$101,968
8 years$158,751$146,558$135,244$124,759$115,053$80,394
9 years$139,683$127,605$116,486$106,267$96,891$64,246
10 years$124,437$112,478$101,555$91,603$82,556$51,869
11 years$111,972$100,132$89,407$79,722$71,001$42,209
12 years$101,592$89,873$79,347$69,927$61,528$34,561
13 years$92,815$81,219$70,891$61,735$53,654$28,440
14 years$85,299$73,826$63,696$54,802$47,032$23,496
15 years$78,790$67,441$57,509$48,873$41,411$19,475
16 years$73,101$61,876$52,140$43,761$36,599$16,184
17 years$68,087$56,986$47,446$39,319$32,451$13,478
18 years$63,634$52,657$43,312$35,434$28,854$11,245
19 years$59,655$48,802$39,650$32,018$25,718$9,395
20 years$56,078$45,349$36,389$28,998$22,972$7,859
21 years$52,846$42,241$33,470$26,318$20,558$6,581
22 years$49,912$39,431$30,848$23,929$18,427$5,516
23 years$47,237$36,879$28,483$21,793$16,541$4,626
24 years$44,789$34,553$26,342$19,876$14,867$3,882
25 years$42,540$32,426$24,398$18,152$13,378$3,259
26 years$40,467$30,475$22,628$16,597$12,051$2,738
27 years$38,551$28,681$21,012$15,192$10,865$2,300
28 years$36,775$27,026$19,533$13,919$9,804$1,933
29 years$35,124$25,496$18,177$12,764$8,852$1,625
30 years$33,587$24,078$16,932$11,714$7,999$1,367
31 years$32,151$22,762$15,785$10,759$7,232$1,149
32 years$30,808$21,537$14,727$9,887$6,541$967
33 years$29,549$20,396$13,751$9,092$5,920$813
34 years$28,367$19,331$12,848$8,366$5,360$684
35 years$27,254$18,335$12,012$7,701$4,855$576
36 years$26,206$17,403$11,237$7,092$4,399$484
37 years$25,216$16,529$10,518$6,535$3,987$408
38 years$24,281$15,708$9,849$6,023$3,614$343
39 years$23,397$14,937$9,228$5,554$3,277$289
40 years$22,558$14,211$8,649$5,123$2,973$243
41 years$21,763$13,528$8,110$4,726$2,697$204
42 years$21,007$12,883$7,608$4,362$2,447$172
43 years$20,288$12,275$7,139$4,026$2,221$145
44 years$19,604$11,701$6,701$3,718$2,016$122
45 years$18,953$11,158$6,292$3,433$1,830$103
46 years$18,331$10,644$5,910$3,171$1,662$86
47 years$17,738$10,158$5,552$2,930$1,509$73
48 years$17,171$9,697$5,217$2,707$1,370$61
49 years$16,629$9,260$4,904$2,502$1,245$51
50 years$16,110$8,846$4,610$2,313$1,130$43

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 $5,484 every year, while hoping to spend $41,322 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: 43/37/20 Blend
54$16,500,000$16,500,000$16,500,000$16,500,000
55$18,188,657$17,314,157$17,058,407$18,864,605
56$19,999,933$18,118,584$17,585,897$20,147,559
57$21,994,575$18,961,044$18,129,673$21,532,218
58$24,191,242$19,843,355$18,690,238$23,031,549
59$26,610,496$20,767,426$19,268,107$24,656,143
60$29,274,993$21,735,256$19,863,816$26,417,623
61$32,209,701$22,748,943$20,477,912$28,328,747
62$35,442,132$23,810,683$21,110,964$30,403,523
63$39,002,603$24,922,779$21,763,554$32,657,331
64$42,924,521$26,087,648$22,436,286$35,107,063
65$47,244,700$27,307,821$23,129,779$37,771,276
66$52,003,706$28,585,951$23,844,674$40,670,353
67$57,246,242$29,924,821$24,581,629$43,826,696
68$63,021,569$31,327,347$25,341,324$47,264,917
69$69,383,970$32,796,588$26,124,459$51,012,073
70$76,393,264$34,335,749$26,931,756$55,097,902
71$84,115,367$35,948,191$27,763,961$59,555,099
72$92,622,919$37,637,437$28,621,838$64,419,610
73$101,995,967$39,407,182$29,506,180$69,730,963
74$112,322,720$41,261,298$30,417,801$75,532,629
75$123,700,381$43,203,845$31,357,541$81,872,418
76$136,236,066$45,239,080$32,326,265$88,802,921
77$150,047,817$47,371,467$33,324,867$96,381,988
78$165,265,709$49,605,684$34,354,265$104,673,265
79$182,033,087$51,946,638$35,415,408$113,746,775
80$200,507,911$54,399,472$36,509,273$123,679,570
81$220,864,251$56,969,579$37,636,868$134,556,435
82$243,293,931$59,662,615$38,799,229$146,470,678
83$268,008,337$62,484,508$39,997,428$159,524,988
84$295,240,412$65,441,474$41,232,566$173,832,389
85$325,246,858$68,540,030$42,505,782$189,517,287
86$358,310,558$71,787,012$43,818,245$206,716,623
87$394,743,243$75,189,584$45,171,165$225,581,145
88$434,888,440$78,755,260$46,565,785$246,276,811
89$479,124,711$82,491,917$48,003,389$268,986,328
90$527,869,227$86,407,817$49,485,298$293,910,858
91$581,581,709$90,511,620$51,012,876$321,271,887
92$640,768,763$94,812,410$52,587,527$351,313,292
93$705,988,666$99,319,708$54,210,699$384,303,613
94$777,856,637$104,043,500$55,883,885$420,538,563
95$857,050,641$108,994,258$57,608,621$460,343,783
96$944,317,790$114,182,961$59,386,494$504,077,891
97$1,040,481,400$119,621,121$61,219,137$552,135,829
98$1,146,448,759$125,320,812$63,108,234$604,952,558
99$1,263,219,694$131,294,694$65,055,522$663,007,130
100$1,391,896,009$137,556,039$67,062,788$726,827,168