Can I retire at age 55 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,300,016
2 years$682,708$669,993$657,671$645,723$634,134$602,417
3 years$450,618$437,848$425,556$413,721$402,321$371,543
4 years$334,595$321,865$309,696$298,063$286,938$257,337
5 years$265,000$252,346$240,337$228,941$218,126$189,784
6 years$218,618$206,059$194,228$183,086$172,596$145,541
7 years$185,501$173,048$161,404$150,525$140,367$114,604
8 years$160,675$148,334$136,884$126,272$116,448$91,966
9 years$141,376$129,152$117,898$107,555$98,066$74,845
10 years$125,946$113,841$102,786$92,714$83,557$61,572
11 years$113,329$101,346$90,491$80,689$71,862$51,082
12 years$102,823$90,963$80,309$70,775$62,274$42,664
13 years$93,940$82,204$71,750$62,484$54,304$35,828
14 years$86,333$74,721$64,468$55,466$47,603$30,220
15 years$79,745$68,259$58,206$49,466$41,913$25,583
16 years$73,987$62,626$52,772$44,291$37,043$21,724
17 years$68,912$57,676$48,021$39,795$32,845$18,493
18 years$64,405$53,296$43,837$35,864$29,204$15,776
19 years$60,378$49,394$40,130$32,406$26,030$13,482
20 years$56,758$45,899$36,830$29,350$23,251$11,539
21 years$53,487$42,753$33,876$26,637$20,807$9,889
22 years$50,517$39,909$31,222$24,219$18,650$8,484
23 years$47,810$37,326$28,828$22,057$16,742$7,285
24 years$45,332$34,972$26,661$20,117$15,048$6,261
25 years$43,055$32,819$24,694$18,372$13,541$5,384
26 years$40,957$30,845$22,902$16,798$12,197$4,633
27 years$39,018$29,029$21,267$15,376$10,997$3,989
28 years$37,221$27,353$19,770$14,088$9,922$3,435
29 years$35,550$25,805$18,398$12,919$8,960$2,960
30 years$33,994$24,370$17,137$11,856$8,096$2,551
31 years$32,541$23,038$15,976$10,889$7,319$2,199
32 years$31,182$21,798$14,906$10,007$6,621$1,896
33 years$29,907$20,643$13,918$9,202$5,992$1,636
34 years$28,710$19,565$13,004$8,467$5,425$1,411
35 years$27,584$18,557$12,158$7,794$4,914$1,217
36 years$26,523$17,614$11,373$7,178$4,452$1,050
37 years$25,522$16,729$10,645$6,614$4,035$906
38 years$24,576$15,898$9,969$6,096$3,658$782
39 years$23,680$15,118$9,340$5,621$3,317$675
40 years$22,832$14,383$8,754$5,185$3,009$583
41 years$22,026$13,692$8,209$4,783$2,730$503
42 years$21,262$13,039$7,700$4,415$2,477$434
43 years$20,534$12,424$7,225$4,075$2,248$375
44 years$19,842$11,843$6,782$3,763$2,040$324
45 years$19,182$11,293$6,368$3,475$1,852$279
46 years$18,553$10,773$5,981$3,210$1,682$241
47 years$17,953$10,281$5,619$2,966$1,527$208
48 years$17,379$9,814$5,281$2,740$1,387$180
49 years$16,830$9,372$4,963$2,533$1,260$155
50 years$16,305$8,953$4,666$2,341$1,144$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,700,000, adding $3,517 every year, while hoping to spend $44,779 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: 50/45/5 Blend
54$16,700,000$16,700,000$16,700,000$16,700,000
55$18,407,028$17,521,928$17,263,078$19,305,297
56$20,236,900$18,332,858$17,793,746$20,727,610
57$22,251,919$19,182,022$18,340,692$22,267,108
58$24,470,921$20,071,248$18,904,411$23,938,784
59$26,914,665$21,002,449$19,485,419$25,755,003
60$29,606,023$21,977,632$20,084,243$27,729,343
61$32,570,201$22,998,899$20,701,429$29,876,715
62$35,834,973$24,068,456$21,337,538$32,213,490
63$39,430,943$25,188,614$21,993,149$34,757,654
64$43,391,838$26,361,795$22,668,858$37,528,964
65$47,754,820$27,590,538$23,365,280$40,549,127
66$52,560,843$28,877,505$24,083,048$43,841,997
67$57,855,034$30,225,488$24,822,814$47,433,792
68$63,687,121$31,637,410$25,585,252$51,353,327
69$70,111,904$33,116,340$26,371,054$55,632,279
70$77,189,768$34,665,490$27,180,935$60,305,478
71$84,987,257$36,288,233$28,015,629$65,411,216
72$93,577,701$37,988,100$28,875,896$70,991,605
73$103,041,905$39,768,795$29,762,517$77,092,959
74$113,468,915$41,634,201$30,676,297$83,766,217
75$124,956,857$43,588,390$31,618,066$91,067,409
76$137,613,864$45,635,629$32,588,679$99,058,178
77$151,559,095$47,780,391$33,589,016$107,806,336
78$166,923,861$50,027,368$34,619,986$117,386,498
79$183,852,863$52,381,478$35,682,525$127,880,765
80$202,505,562$54,847,877$36,777,595$139,379,482
81$223,057,676$57,431,970$37,906,192$151,982,074
82$245,702,847$60,139,424$39,069,337$165,797,966
83$270,654,464$62,976,183$40,268,087$180,947,595
84$298,147,679$65,948,475$41,503,527$197,563,528
85$328,441,625$69,062,833$42,776,778$215,791,687
86$361,821,864$72,326,106$44,088,994$235,792,711
87$398,603,082$75,745,473$45,441,363$257,743,443
88$439,132,060$79,328,464$46,835,112$281,838,576
89$483,790,944$83,082,973$48,271,502$308,292,465
90$533,000,858$87,017,276$49,751,835$337,341,124
91$587,225,875$91,140,052$51,277,451$369,244,423
92$646,977,400$95,460,401$52,849,732$404,288,513
93$712,818,997$99,987,863$54,470,100$442,788,496
94$785,371,709$104,732,442$56,140,022$485,091,366
95$865,319,920$109,704,629$57,861,010$531,579,247
96$953,417,818$114,915,422$59,634,620$582,672,971
97$1,050,496,513$120,376,355$61,462,457$638,836,007
98$1,157,471,882$126,099,521$63,346,174$700,578,797
99$1,275,353,217$132,097,601$65,287,475$768,463,536
100$1,405,252,754$138,383,892$67,288,114$843,109,433