Can I retire at age 55 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,329,542
2 years$686,796$674,005$661,609$649,590$637,931$627,735
3 years$453,316$440,470$428,105$416,198$404,730$394,766
4 years$336,599$323,792$311,551$299,847$288,657$279,003
5 years$266,587$253,857$241,776$230,312$219,432$210,116
6 years$219,927$207,293$195,391$184,182$173,629$164,663
7 years$186,612$174,085$162,371$151,426$141,207$132,595
8 years$161,637$149,223$137,703$127,028$117,145$108,887
9 years$142,223$129,925$118,604$108,199$98,653$90,747
10 years$126,700$114,523$103,402$93,269$84,057$76,499
11 years$114,008$101,953$91,033$81,172$72,292$65,076
12 years$103,439$91,507$80,790$71,199$62,647$55,766
13 years$94,503$82,696$72,180$62,858$54,629$48,076
14 years$86,849$75,168$64,854$55,798$47,888$41,655
15 years$80,223$68,668$58,555$49,762$42,164$36,243
16 years$74,430$63,001$53,088$44,557$37,265$31,646
17 years$69,325$58,022$48,308$40,034$33,041$27,716
18 years$64,791$53,615$44,099$36,078$29,379$24,337
19 years$60,740$49,690$40,371$32,600$26,186$21,417
20 years$57,098$46,174$37,050$29,526$23,390$18,885
21 years$53,807$43,009$34,079$26,796$20,931$16,680
22 years$50,820$40,148$31,409$24,364$18,762$14,754
23 years$48,096$37,549$29,001$22,189$16,842$13,067
24 years$45,603$35,181$26,821$20,237$15,138$11,586
25 years$43,313$33,016$24,841$18,482$13,622$10,283
26 years$41,203$31,029$23,039$16,899$12,270$9,134
27 years$39,252$29,202$21,394$15,468$11,062$8,120
28 years$37,444$27,517$19,888$14,172$9,982$7,224
29 years$35,763$25,959$18,508$12,996$9,013$6,430
30 years$34,198$24,516$17,239$11,927$8,144$5,727
31 years$32,736$23,176$16,072$10,954$7,363$5,103
32 years$31,368$21,929$14,995$10,067$6,660$4,548
33 years$30,086$20,767$14,001$9,258$6,028$4,056
34 years$28,882$19,682$13,082$8,518$5,457$3,618
35 years$27,750$18,668$12,231$7,841$4,943$3,228
36 years$26,682$17,719$11,441$7,221$4,479$2,881
37 years$25,675$16,829$10,709$6,654$4,059$2,572
38 years$24,723$15,994$10,028$6,133$3,680$2,297
39 years$23,822$15,208$9,396$5,655$3,337$2,051
40 years$22,968$14,469$8,807$5,216$3,027$1,832
41 years$22,158$13,774$8,258$4,812$2,746$1,637
42 years$21,389$13,117$7,746$4,441$2,492$1,462
43 years$20,657$12,498$7,269$4,100$2,261$1,307
44 years$19,961$11,913$6,823$3,785$2,053$1,168
45 years$19,297$11,361$6,406$3,496$1,863$1,044
46 years$18,664$10,838$6,017$3,229$1,692$933
47 years$18,060$10,342$5,653$2,983$1,536$834
48 years$17,483$9,873$5,312$2,757$1,395$745
49 years$16,931$9,428$4,993$2,548$1,267$666
50 years$16,403$9,006$4,694$2,355$1,151$596

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,800,000, adding $6,571 every year, while hoping to spend $38,480 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: 62/21/17 Blend
54$16,800,000$16,800,000$16,800,000$16,800,000
55$18,520,378$17,629,978$17,369,578$19,588,782
56$20,368,514$18,452,904$17,910,516$21,131,606
57$22,403,870$19,314,865$18,468,287$22,810,223
58$24,645,503$20,217,731$19,043,412$24,641,841
59$27,114,409$21,163,465$19,636,431$26,641,332
60$29,833,729$22,154,125$20,247,902$28,825,056
61$32,828,959$23,191,867$20,878,396$31,211,012
62$36,128,197$24,278,952$21,528,507$33,818,998
63$39,762,404$25,417,751$22,198,842$36,670,797
64$43,765,697$26,610,749$22,890,031$39,790,378
65$48,175,673$27,860,551$23,602,722$43,204,116
66$53,033,762$29,169,888$24,337,584$46,941,037
67$58,385,617$30,541,624$25,095,305$51,033,085
68$64,281,548$31,978,761$25,876,595$55,515,421
69$70,776,992$33,484,447$26,682,187$60,426,742
70$77,933,042$35,061,981$27,512,837$65,809,650
71$85,817,017$36,714,823$28,369,322$71,711,040
72$94,503,105$38,446,601$29,252,446$78,182,539
73$104,073,055$40,261,118$30,163,036$85,280,986
74$114,616,955$42,162,361$31,101,946$93,068,960
75$126,234,078$44,154,511$32,070,056$101,615,365
76$139,033,824$46,241,952$33,068,272$110,996,071
77$153,136,746$48,429,279$34,097,531$121,294,623
78$168,675,691$50,721,312$35,158,796$132,603,019
79$185,797,058$53,123,102$36,253,062$145,022,572
80$204,662,173$55,639,949$37,381,354$158,664,852
81$225,448,814$58,277,406$38,544,729$173,652,736
82$248,352,892$61,041,298$39,744,276$190,121,553
83$273,590,297$63,937,732$40,981,120$208,220,349
84$301,398,938$66,973,111$42,256,419$228,113,289
85$332,040,988$70,154,151$43,571,366$249,981,187
86$365,805,356$73,487,892$44,927,194$274,023,207
87$403,010,419$76,981,716$46,325,173$300,458,726
88$444,007,026$80,643,364$47,766,610$329,529,393
89$489,181,808$84,480,954$49,252,856$361,501,395
90$538,960,828$88,502,996$50,785,303$396,667,956
91$593,813,606$92,718,417$52,365,384$435,352,088
92$654,257,549$97,136,574$53,994,579$477,909,628
93$720,862,835$101,767,283$55,674,414$524,732,573
94$794,257,797$106,620,833$57,406,460$576,252,769
95$875,134,855$111,708,016$59,192,339$632,945,968
96$964,257,049$117,040,148$61,033,721$695,336,295
97$1,062,465,249$122,629,095$62,932,331$764,001,184
98$1,170,686,084$128,487,301$64,889,945$839,576,800
99$1,289,940,701$134,627,815$66,908,394$922,764,025
100$1,421,354,394$141,064,320$68,989,567$1,014,335,054