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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,311,781
2 years$682,708$669,993$657,671$645,723$634,134$614,130
3 years$450,618$437,848$425,556$413,721$402,321$382,835
4 years$334,595$321,865$309,696$298,063$286,938$268,121
5 years$265,000$252,346$240,337$228,941$218,126$200,031
6 years$218,618$206,059$194,228$183,086$172,596$155,245
7 years$185,501$173,048$161,404$150,525$140,367$123,766
8 years$160,675$148,334$136,884$126,272$116,448$100,594
9 years$141,376$129,152$117,898$107,555$98,066$82,951
10 years$125,946$113,841$102,786$92,714$83,557$69,170
11 years$113,329$101,346$90,491$80,689$71,862$58,188
12 years$102,823$90,963$80,309$70,775$62,274$49,297
13 years$93,940$82,204$71,750$62,484$54,304$42,006
14 years$86,333$74,721$64,468$55,466$47,603$35,963
15 years$79,745$68,259$58,206$49,466$41,913$30,912
16 years$73,987$62,626$52,772$44,291$37,043$26,658
17 years$68,912$57,676$48,021$39,795$32,845$23,054
18 years$64,405$53,296$43,837$35,864$29,204$19,985
19 years$60,378$49,394$40,130$32,406$26,030$17,360
20 years$56,758$45,899$36,830$29,350$23,251$15,105
21 years$53,487$42,753$33,876$26,637$20,807$13,164
22 years$50,517$39,909$31,222$24,219$18,650$11,486
23 years$47,810$37,326$28,828$22,057$16,742$10,034
24 years$45,332$34,972$26,661$20,117$15,048$8,773
25 years$43,055$32,819$24,694$18,372$13,541$7,678
26 years$40,957$30,845$22,902$16,798$12,197$6,724
27 years$39,018$29,029$21,267$15,376$10,997$5,892
28 years$37,221$27,353$19,770$14,088$9,922$5,167
29 years$35,550$25,805$18,398$12,919$8,960$4,532
30 years$33,994$24,370$17,137$11,856$8,096$3,978
31 years$32,541$23,038$15,976$10,889$7,319$3,492
32 years$31,182$21,798$14,906$10,007$6,621$3,067
33 years$29,907$20,643$13,918$9,202$5,992$2,694
34 years$28,710$19,565$13,004$8,467$5,425$2,367
35 years$27,584$18,557$12,158$7,794$4,914$2,081
36 years$26,523$17,614$11,373$7,178$4,452$1,829
37 years$25,522$16,729$10,645$6,614$4,035$1,608
38 years$24,576$15,898$9,969$6,096$3,658$1,414
39 years$23,680$15,118$9,340$5,621$3,317$1,244
40 years$22,832$14,383$8,754$5,185$3,009$1,094
41 years$22,026$13,692$8,209$4,783$2,730$962
42 years$21,262$13,039$7,700$4,415$2,477$846
43 years$20,534$12,424$7,225$4,075$2,248$745
44 years$19,842$11,843$6,782$3,763$2,040$655
45 years$19,182$11,293$6,368$3,475$1,852$576
46 years$18,553$10,773$5,981$3,210$1,682$507
47 years$17,953$10,281$5,619$2,966$1,527$446
48 years$17,379$9,814$5,281$2,740$1,387$393
49 years$16,830$9,372$4,963$2,533$1,260$346
50 years$16,305$8,953$4,666$2,341$1,144$304

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 $5,472 every year, while hoping to spend $37,838 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: 52/35/13 Blend
54$16,700,000$16,700,000$16,700,000$16,700,000
55$18,409,044$17,523,944$17,265,094$19,302,266
56$20,246,508$18,342,358$17,803,216$20,731,408
57$22,270,124$19,199,606$18,358,096$22,280,405
58$24,498,841$20,097,551$18,930,256$23,964,200
59$26,953,538$21,038,147$19,520,235$25,795,546
60$29,657,222$22,023,439$20,128,586$27,788,454
61$32,635,246$23,055,575$20,755,881$29,958,317
62$35,915,548$24,136,805$21,402,710$32,322,049
63$39,528,913$25,269,487$22,069,680$34,898,241
64$43,509,265$26,456,096$22,757,418$37,707,324
65$47,893,988$27,699,223$23,466,569$40,771,759
66$52,724,277$29,001,586$24,197,801$44,116,240
67$58,045,526$30,366,036$24,951,800$47,767,919
68$63,907,758$31,795,561$25,729,274$51,756,653
69$70,366,098$33,293,292$26,530,953$56,115,278
70$77,481,290$34,862,514$27,357,591$60,879,913
71$85,320,275$36,506,670$28,209,963$66,090,283
72$93,956,817$38,229,371$29,088,871$71,790,092
73$103,472,203$40,034,401$29,995,139$78,027,423
74$113,956,010$41,925,728$30,929,618$84,855,177
75$125,506,949$43,907,515$31,893,186$92,331,565
76$138,233,797$45,984,123$32,886,747$100,520,645
77$152,256,426$48,160,126$33,911,235$109,492,913
78$167,706,931$50,440,322$34,967,611$119,325,955
79$184,730,878$52,829,738$36,056,866$130,105,165
80$203,488,680$55,333,647$37,180,023$141,924,541
81$224,157,108$57,957,579$38,338,137$154,887,551
82$246,930,962$60,707,329$39,532,293$169,108,097
83$272,024,908$63,588,977$40,763,614$184,711,575
84$299,675,508$66,608,896$42,033,254$201,836,039
85$330,143,446$69,773,768$43,342,404$220,633,485
86$363,715,997$73,090,602$44,692,294$241,271,272
87$400,709,733$76,566,745$46,084,190$263,933,676
88$441,473,512$80,209,903$47,519,397$288,823,613
89$486,391,776$84,028,154$48,999,262$316,164,528
90$535,888,174$88,029,970$50,525,174$346,202,487
91$590,429,564$92,224,235$52,098,564$379,208,474
92$650,530,421$96,620,263$53,720,907$415,480,921
93$716,757,692$101,227,825$55,393,726$455,348,502
94$789,736,150$106,057,161$57,118,589$499,173,210
95$870,154,289$111,119,014$58,897,113$547,353,741
96$958,770,827$116,424,646$60,730,968$600,329,230
97$1,056,421,868$121,985,870$62,621,871$658,583,365
98$1,164,028,792$127,815,072$64,571,597$722,648,920
99$1,282,606,957$133,925,238$66,581,974$793,112,751
100$1,413,275,282$140,329,990$68,654,886$870,621,298