Can I retire at age 55 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,287,011
2 years$678,620$665,981$653,733$641,856$630,337$593,640
3 years$447,919$435,226$423,008$411,244$399,912$364,363
4 years$332,592$319,937$307,842$296,278$285,220$251,093
5 years$263,413$250,835$238,898$227,570$216,820$184,208
6 years$217,309$204,825$193,065$181,989$171,562$140,495
7 years$184,391$172,012$160,438$149,624$139,526$110,006
8 years$159,713$147,446$136,064$125,515$115,750$87,761
9 years$140,529$128,378$117,192$106,911$97,479$70,993
10 years$125,192$113,159$102,171$92,159$83,057$58,041
11 years$112,651$100,739$89,949$80,206$71,431$47,845
12 years$102,207$90,418$79,828$70,351$61,901$39,700
13 years$93,377$81,711$71,321$62,109$53,979$33,115
14 years$85,816$74,273$64,082$55,134$47,318$27,741
15 years$79,268$67,850$57,857$49,170$41,662$23,320
16 years$73,544$62,251$52,456$44,026$36,821$19,661
17 years$68,499$57,331$47,733$39,557$32,648$16,616
18 years$64,020$52,976$43,574$35,649$29,029$14,070
19 years$60,017$49,098$39,890$32,212$25,874$11,935
20 years$56,418$45,624$36,609$29,174$23,111$10,138
21 years$53,167$42,497$33,673$26,477$20,682$8,621
22 years$50,215$39,670$31,035$24,074$18,539$7,339
23 years$47,523$37,102$28,656$21,925$16,641$6,253
24 years$45,060$34,762$26,501$19,996$14,958$5,331
25 years$42,797$32,623$24,546$18,262$13,460$4,548
26 years$40,712$30,660$22,765$16,698$12,124$3,882
27 years$38,785$28,855$21,139$15,284$10,931$3,315
28 years$36,998$27,190$19,652$14,003$9,863$2,832
29 years$35,337$25,650$18,288$12,841$8,906$2,420
30 years$33,790$24,224$17,034$11,785$8,047$2,069
31 years$32,346$22,900$15,880$10,824$7,275$1,769
32 years$30,995$21,668$14,817$9,947$6,581$1,513
33 years$29,728$20,520$13,834$9,147$5,956$1,294
34 years$28,538$19,448$12,926$8,416$5,392$1,107
35 years$27,419$18,446$12,085$7,748$4,884$947
36 years$26,365$17,508$11,305$7,135$4,425$810
37 years$25,369$16,629$10,582$6,574$4,011$693
38 years$24,429$15,803$9,909$6,060$3,636$593
39 years$23,538$15,027$9,284$5,587$3,297$508
40 years$22,695$14,297$8,702$5,154$2,991$435
41 years$21,894$13,610$8,159$4,755$2,713$372
42 years$21,134$12,961$7,654$4,388$2,462$318
43 years$20,411$12,350$7,182$4,051$2,234$273
44 years$19,723$11,772$6,742$3,740$2,028$233
45 years$19,067$11,225$6,330$3,454$1,841$200
46 years$18,442$10,709$5,945$3,191$1,672$171
47 years$17,845$10,219$5,586$2,948$1,518$146
48 years$17,275$9,756$5,249$2,724$1,379$125
49 years$16,729$9,316$4,934$2,517$1,252$107
50 years$16,207$8,899$4,638$2,327$1,137$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,600,000, adding $2,342 every year, while hoping to spend $56,094 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: 67/26/7 Blend
54$16,600,000$16,600,000$16,600,000$16,600,000
55$18,295,616$17,415,816$17,158,516$19,499,506
56$20,102,085$18,209,507$17,673,642$21,092,213
57$22,090,934$19,040,209$18,204,146$22,825,762
58$24,280,706$19,909,677$18,750,482$24,719,383
59$26,691,835$20,819,748$19,313,120$26,788,700
60$29,346,836$21,772,349$19,892,543$29,050,896
61$32,270,518$22,769,499$20,489,248$31,524,877
62$35,490,221$23,813,314$21,103,748$34,231,441
63$39,036,069$24,906,012$21,736,568$37,193,475
64$42,941,257$26,049,916$22,388,253$40,436,161
65$47,242,365$27,247,461$23,059,359$43,987,212
66$51,979,701$28,501,201$23,750,462$47,877,127
67$57,197,681$29,813,811$24,462,153$52,139,472
68$62,945,251$31,188,094$25,195,042$56,811,197
69$69,276,345$32,626,990$25,949,754$61,932,968
70$76,250,397$34,133,577$26,726,936$67,549,557
71$83,932,901$35,711,085$27,527,251$73,710,247
72$92,396,026$37,362,898$28,351,384$80,469,297
73$101,719,302$39,092,561$29,200,036$87,886,447
74$111,990,366$40,903,792$30,073,933$96,027,468
75$123,305,794$42,800,489$30,973,821$104,964,782
76$135,772,006$44,786,734$31,900,465$114,778,135
77$149,506,277$46,866,809$32,854,656$125,555,338
78$164,637,836$49,045,202$33,837,206$137,393,092
79$181,309,096$51,326,617$34,848,953$150,397,888
80$199,676,987$53,715,985$35,890,756$164,687,002
81$219,914,445$56,218,474$36,963,502$180,389,594
82$242,212,042$58,839,503$38,068,103$197,647,914
83$266,779,783$61,584,751$39,205,497$216,618,635
84$293,849,090$64,460,173$40,376,651$237,474,319
85$323,674,987$67,472,011$41,582,558$260,405,035
86$356,538,503$70,626,807$42,824,241$285,620,138
87$392,749,331$73,931,421$44,102,754$313,350,233
88$432,648,746$77,393,044$45,419,179$343,849,338
89$476,612,830$81,019,215$46,774,633$377,397,264
90$525,056,018$84,817,836$48,170,263$414,302,247
91$578,435,015$88,797,193$49,607,250$454,903,835
92$637,253,103$92,965,972$51,086,810$499,576,078
93$702,064,894$97,333,280$52,610,192$548,731,043
94$773,481,566$101,908,662$54,178,686$602,822,685
95$852,176,628$106,702,129$55,793,614$662,351,109
96$938,892,284$111,724,174$57,456,341$727,867,275
97$1,034,446,438$116,985,799$59,168,269$799,978,176
98$1,139,740,410$122,498,538$60,930,841$879,352,544
99$1,255,767,450$128,274,486$62,745,543$966,727,143
100$1,383,622,115$134,326,320$64,613,903$1,062,913,695