Can I retire at age 55 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,318,265
2 years$690,884$678,017$665,547$653,456$641,728$612,292
3 years$456,014$443,092$430,653$418,676$407,139$378,550
4 years$338,602$325,719$313,405$301,632$290,375$262,853
5 years$268,174$255,368$243,215$231,683$220,738$194,361
6 years$221,236$208,527$196,554$185,278$174,663$149,459
7 years$187,723$175,121$163,337$152,328$142,048$118,021
8 years$162,599$150,111$138,523$127,784$117,842$94,984
9 years$143,069$130,698$119,310$108,843$99,240$77,535
10 years$127,454$115,204$104,017$93,824$84,558$63,982
11 years$114,686$102,560$91,575$81,655$72,722$53,251
12 years$104,054$92,052$81,270$71,622$63,020$44,621
13 years$95,065$83,188$72,610$63,232$54,954$37,596
14 years$87,366$75,616$65,240$56,130$48,173$31,820
15 years$80,700$69,076$58,903$50,058$42,415$27,032
16 years$74,873$63,376$53,404$44,822$37,487$23,035
17 years$69,737$58,367$48,596$40,272$33,238$19,680
18 years$65,177$53,934$44,362$36,293$29,554$16,851
19 years$61,101$49,985$40,611$32,794$26,342$14,454
20 years$57,438$46,449$37,271$29,701$23,529$12,418
21 years$54,127$43,265$34,282$26,956$21,056$10,683
22 years$51,122$40,386$31,596$24,509$18,874$9,201
23 years$48,382$37,773$29,173$22,321$16,942$7,932
24 years$45,874$35,391$26,980$20,358$15,228$6,844
25 years$43,571$33,212$24,989$18,592$13,703$5,909
26 years$41,448$31,214$23,176$17,000$12,343$5,105
27 years$39,485$29,376$21,521$15,560$11,128$4,413
28 years$37,666$27,681$20,007$14,256$10,041$3,816
29 years$35,976$26,114$18,618$13,073$9,067$3,301
30 years$34,401$24,662$17,342$11,998$8,193$2,857
31 years$32,931$23,314$16,167$11,019$7,407$2,473
32 years$31,555$22,059$15,084$10,127$6,700$2,142
33 years$30,265$20,891$14,084$9,313$6,064$1,855
34 years$29,054$19,800$13,160$8,568$5,490$1,607
35 years$27,915$18,780$12,303$7,888$4,972$1,392
36 years$26,841$17,825$11,510$7,264$4,505$1,206
37 years$25,828$16,929$10,773$6,693$4,083$1,045
38 years$24,870$16,089$10,088$6,169$3,702$906
39 years$23,964$15,299$9,452$5,688$3,357$785
40 years$23,105$14,556$8,859$5,247$3,045$681
41 years$22,290$13,856$8,307$4,841$2,762$590
42 years$21,516$13,196$7,792$4,467$2,507$512
43 years$20,780$12,573$7,312$4,124$2,275$444
44 years$20,080$11,984$6,863$3,808$2,065$385
45 years$19,412$11,428$6,445$3,517$1,875$333
46 years$18,775$10,902$6,053$3,248$1,702$289
47 years$18,168$10,404$5,687$3,001$1,545$251
48 years$17,587$9,932$5,344$2,773$1,404$217
49 years$17,032$9,484$5,023$2,563$1,275$189
50 years$16,500$9,060$4,722$2,369$1,158$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,900,000, adding $5,154 every year, while hoping to spend $35,237 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: 72/18/10 Blend
54$16,900,000$16,900,000$16,900,000$16,900,000
55$18,629,116$17,733,416$17,471,466$19,934,731
56$20,491,794$18,564,862$18,019,269$21,629,928
57$22,543,284$19,435,867$18,584,241$23,480,616
58$24,802,808$20,348,334$19,166,922$25,506,029
59$27,291,547$21,304,254$19,767,866$27,723,406
60$30,032,841$22,305,719$20,387,646$30,151,720
61$33,052,410$23,354,918$21,026,851$32,811,853
62$36,378,596$24,454,150$21,686,091$35,726,790
63$40,042,631$25,605,820$22,365,993$38,921,829
64$44,078,929$26,812,456$23,067,204$42,424,822
65$48,525,417$28,076,703$23,790,392$46,266,430
66$53,423,884$29,401,337$24,536,245$50,480,405
67$58,820,386$30,789,267$25,305,475$55,103,912
68$64,765,669$32,243,545$26,098,812$60,177,868
69$71,315,657$33,767,369$26,917,012$65,747,327
70$78,531,977$35,364,093$27,760,855$71,861,900
71$86,482,539$37,037,234$28,631,144$78,576,216
72$95,242,177$38,790,477$29,528,706$85,950,435
73$104,893,359$40,627,690$30,454,397$94,050,807
74$115,526,960$42,552,925$31,409,098$102,950,294
75$127,243,124$44,570,433$32,393,717$112,729,250
76$140,152,209$46,684,670$33,409,193$123,476,176
77$154,375,824$48,900,309$34,456,490$135,288,544
78$170,047,982$51,222,249$35,536,607$148,273,714
79$187,316,364$53,655,627$36,650,572$162,549,938
80$206,343,711$56,205,830$37,799,444$178,247,468
81$227,309,362$58,878,508$38,984,317$195,509,778
82$250,410,944$61,679,582$40,206,319$214,494,910
83$275,866,242$64,615,264$41,466,613$235,376,955
84$303,915,253$67,692,066$42,766,398$258,347,690
85$334,822,448$70,916,816$44,106,912$283,618,376
86$368,879,274$74,296,677$45,489,430$311,421,741
87$406,406,902$77,839,156$46,915,268$342,014,169
88$447,759,259$81,552,127$48,385,782$375,678,109
89$493,326,371$85,443,848$49,902,373$412,724,725
90$543,538,041$89,522,977$51,466,483$453,496,826
91$598,867,911$93,798,594$53,079,600$498,372,086
92$659,837,932$98,280,218$54,743,260$547,766,598
93$727,023,288$102,977,836$56,459,046$602,138,786
94$801,057,829$107,901,916$58,228,590$661,993,719
95$882,640,056$113,063,438$60,053,576$727,887,860
96$972,539,711$118,473,916$61,935,741$800,434,310
97$1,071,605,048$124,145,424$63,876,875$880,308,571
98$1,180,770,837$130,090,624$65,878,824$968,254,909
99$1,301,067,192$136,322,795$67,943,494$1,065,093,363
100$1,433,629,294$142,855,860$70,072,850$1,171,727,463