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

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,306,625
2 years$678,620$665,981$653,733$641,856$630,337$613,151
3 years$447,919$435,226$423,008$411,244$399,912$383,156
4 years$332,592$319,937$307,842$296,278$285,220$269,025
5 years$263,413$250,835$238,898$227,570$216,820$201,231
6 years$217,309$204,825$193,065$181,989$171,562$156,599
7 years$184,391$172,012$160,438$149,624$139,526$125,194
8 years$159,713$147,446$136,064$125,515$115,750$102,048
9 years$140,529$128,378$117,192$106,911$97,479$84,400
10 years$125,192$113,159$102,171$92,159$83,057$70,593
11 years$112,651$100,739$89,949$80,206$71,431$59,570
12 years$102,207$90,418$79,828$70,351$61,901$50,630
13 years$93,377$81,711$71,321$62,109$53,979$43,283
14 years$85,816$74,273$64,082$55,134$47,318$37,180
15 years$79,268$67,850$57,857$49,170$41,662$32,067
16 years$73,544$62,251$52,456$44,026$36,821$27,751
17 years$68,499$57,331$47,733$39,557$32,648$24,084
18 years$64,020$52,976$43,574$35,649$29,029$20,953
19 years$60,017$49,098$39,890$32,212$25,874$18,267
20 years$56,418$45,624$36,609$29,174$23,111$15,954
21 years$53,167$42,497$33,673$26,477$20,682$13,956
22 years$50,215$39,670$31,035$24,074$18,539$12,224
23 years$47,523$37,102$28,656$21,925$16,641$10,719
24 years$45,060$34,762$26,501$19,996$14,958$9,409
25 years$42,797$32,623$24,546$18,262$13,460$8,267
26 years$40,712$30,660$22,765$16,698$12,124$7,269
27 years$38,785$28,855$21,139$15,284$10,931$6,395
28 years$36,998$27,190$19,652$14,003$9,863$5,630
29 years$35,337$25,650$18,288$12,841$8,906$4,959
30 years$33,790$24,224$17,034$11,785$8,047$4,370
31 years$32,346$22,900$15,880$10,824$7,275$3,853
32 years$30,995$21,668$14,817$9,947$6,581$3,397
33 years$29,728$20,520$13,834$9,147$5,956$2,997
34 years$28,538$19,448$12,926$8,416$5,392$2,645
35 years$27,419$18,446$12,085$7,748$4,884$2,334
36 years$26,365$17,508$11,305$7,135$4,425$2,060
37 years$25,369$16,629$10,582$6,574$4,011$1,819
38 years$24,429$15,803$9,909$6,060$3,636$1,607
39 years$23,538$15,027$9,284$5,587$3,297$1,419
40 years$22,695$14,297$8,702$5,154$2,991$1,253
41 years$21,894$13,610$8,159$4,755$2,713$1,107
42 years$21,134$12,961$7,654$4,388$2,462$978
43 years$20,411$12,350$7,182$4,051$2,234$864
44 years$19,723$11,772$6,742$3,740$2,028$764
45 years$19,067$11,225$6,330$3,454$1,841$675
46 years$18,442$10,709$5,945$3,191$1,672$597
47 years$17,845$10,219$5,586$2,948$1,518$527
48 years$17,275$9,756$5,249$2,724$1,379$466
49 years$16,729$9,316$4,934$2,517$1,252$412
50 years$16,207$8,899$4,638$2,327$1,137$364

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 $2,801 every year, while hoping to spend $59,146 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: 50/32/18 Blend
54$16,600,000$16,600,000$16,600,000$16,600,000
55$18,296,089$17,416,289$17,158,989$19,119,322
56$20,099,359$18,206,757$17,670,884$20,478,281
57$22,084,581$19,033,974$18,197,946$21,948,012
58$24,270,250$19,899,681$18,740,619$23,544,019
59$26,676,749$20,805,698$19,299,363$25,278,228
60$29,326,534$21,753,935$19,874,649$27,163,742
61$32,244,354$22,746,391$20,466,962$29,214,960
62$35,457,476$23,785,162$21,076,804$31,447,702
63$38,995,949$24,872,446$21,704,687$33,879,359
64$42,892,883$26,010,543$22,351,142$36,529,045
65$47,184,764$27,201,866$23,016,712$39,417,776
66$51,911,797$28,448,944$23,701,958$42,568,657
67$57,118,283$29,754,426$24,407,457$46,007,095
68$62,853,043$31,121,088$25,133,802$49,761,034
69$69,169,873$32,551,840$25,881,603$53,861,204
70$76,128,052$34,049,732$26,651,489$58,341,411
71$83,792,905$35,617,961$27,444,106$63,238,841
72$92,236,417$37,259,877$28,260,119$68,594,407
73$101,537,911$38,978,990$29,100,213$74,453,121
74$111,784,799$40,778,982$29,965,091$80,864,515
75$123,073,405$42,663,708$30,855,478$87,883,093
76$135,509,875$44,637,213$31,772,119$95,568,837
77$149,211,179$46,703,734$32,715,782$103,987,763
78$164,306,215$48,867,712$33,687,256$113,212,531
79$180,937,022$51,133,802$34,687,352$123,323,120
80$199,260,126$53,506,886$35,716,906$134,407,569
81$219,448,013$55,992,078$36,776,777$146,562,795
82$241,690,761$58,594,741$37,867,850$159,895,496
83$266,197,829$61,320,494$38,991,033$174,523,140
84$293,200,038$64,175,228$40,147,263$190,575,061
85$322,951,749$67,165,121$41,337,503$208,193,665
86$355,733,261$70,296,646$42,562,744$227,535,754
87$391,853,461$73,576,589$43,824,003$248,773,993
88$431,652,737$77,012,065$45,122,330$272,098,519
89$475,506,191$80,610,531$46,458,803$297,718,719
90$523,827,181$84,379,805$47,834,531$325,865,182
91$577,071,221$88,328,084$49,250,656$356,791,862
92$635,740,285$92,463,959$50,708,352$390,778,448
93$700,387,538$96,796,437$52,208,826$428,132,985
94$771,622,566$101,334,962$53,753,321$469,194,754
95$850,117,126$106,089,433$55,343,115$514,337,454
96$936,611,485$111,070,228$56,979,522$563,972,704
97$1,031,921,416$116,288,228$58,663,895$618,553,896
98$1,136,945,889$121,754,840$60,397,625$678,580,453
99$1,252,675,566$127,482,024$62,182,141$744,602,510
100$1,380,202,148$133,482,317$64,018,917$817,226,077