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%15.7%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,316,120
2 years$690,884$678,017$665,547$653,456$641,728$610,162
3 years$456,014$443,092$430,653$418,676$407,139$376,502
4 years$338,602$325,719$313,405$301,632$290,375$260,904
5 years$268,174$255,368$243,215$231,683$220,738$192,515
6 years$221,236$208,527$196,554$185,278$174,663$147,717
7 years$187,723$175,121$163,337$152,328$142,048$116,382
8 years$162,599$150,111$138,523$127,784$117,842$93,448
9 years$143,069$130,698$119,310$108,843$99,240$76,097
10 years$127,454$115,204$104,017$93,824$84,558$62,641
11 years$114,686$102,560$91,575$81,655$72,722$52,002
12 years$104,054$92,052$81,270$71,622$63,020$43,461
13 years$95,065$83,188$72,610$63,232$54,954$36,521
14 years$87,366$75,616$65,240$56,130$48,173$30,826
15 years$80,700$69,076$58,903$50,058$42,415$26,114
16 years$74,873$63,376$53,404$44,822$37,487$22,190
17 years$69,737$58,367$48,596$40,272$33,238$18,904
18 years$65,177$53,934$44,362$36,293$29,554$16,138
19 years$61,101$49,985$40,611$32,794$26,342$13,802
20 years$57,438$46,449$37,271$29,701$23,529$11,822
21 years$54,127$43,265$34,282$26,956$21,056$10,139
22 years$51,122$40,386$31,596$24,509$18,874$8,705
23 years$48,382$37,773$29,173$22,321$16,942$7,481
24 years$45,874$35,391$26,980$20,358$15,228$6,434
25 years$43,571$33,212$24,989$18,592$13,703$5,538
26 years$41,448$31,214$23,176$17,000$12,343$4,769
27 years$39,485$29,376$21,521$15,560$11,128$4,109
28 years$37,666$27,681$20,007$14,256$10,041$3,542
29 years$35,976$26,114$18,618$13,073$9,067$3,054
30 years$34,401$24,662$17,342$11,998$8,193$2,634
31 years$32,931$23,314$16,167$11,019$7,407$2,273
32 years$31,555$22,059$15,084$10,127$6,700$1,962
33 years$30,265$20,891$14,084$9,313$6,064$1,693
34 years$29,054$19,800$13,160$8,568$5,490$1,462
35 years$27,915$18,780$12,303$7,888$4,972$1,262
36 years$26,841$17,825$11,510$7,264$4,505$1,090
37 years$25,828$16,929$10,773$6,693$4,083$942
38 years$24,870$16,089$10,088$6,169$3,702$813
39 years$23,964$15,299$9,452$5,688$3,357$703
40 years$23,105$14,556$8,859$5,247$3,045$607
41 years$22,290$13,856$8,307$4,841$2,762$524
42 years$21,516$13,196$7,792$4,467$2,507$453
43 years$20,780$12,573$7,312$4,124$2,275$391
44 years$20,080$11,984$6,863$3,808$2,065$338
45 years$19,412$11,428$6,445$3,517$1,875$292
46 years$18,775$10,902$6,053$3,248$1,702$253
47 years$18,168$10,404$5,687$3,001$1,545$218
48 years$17,587$9,932$5,344$2,773$1,404$189
49 years$17,032$9,484$5,023$2,563$1,275$163
50 years$16,500$9,060$4,722$2,369$1,158$141

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 $3,598 every year, while hoping to spend $23,223 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: 44/29/27 Blend
54$16,900,000$16,900,000$16,900,000$16,900,000
55$18,627,511$17,731,811$17,469,861$19,300,927
56$20,502,808$18,575,961$18,030,393$20,625,369
57$22,568,607$19,460,696$18,608,923$22,057,668
58$24,844,315$20,387,979$19,206,032$23,609,877
59$27,351,317$21,359,872$19,822,316$25,293,159
60$30,113,178$22,378,533$20,458,391$27,119,769
61$33,155,869$23,446,227$21,114,893$29,103,166
62$36,508,005$24,565,330$21,792,479$31,258,131
63$40,201,121$25,738,331$22,491,827$33,600,901
64$44,269,968$26,967,842$23,213,636$36,149,316
65$48,752,840$28,256,601$23,958,628$38,922,979
66$53,691,936$29,607,481$24,727,548$41,943,432
67$59,133,759$31,023,492$25,521,166$45,234,355
68$65,129,552$32,507,794$26,340,275$48,821,778
69$71,735,787$34,063,696$27,185,695$52,734,317
70$79,014,693$35,694,674$28,058,272$57,003,441
71$87,034,847$37,404,367$28,958,879$61,663,750
72$95,871,816$39,196,596$29,888,416$66,753,301
73$105,608,878$41,075,366$30,847,815$72,313,951
74$116,337,802$43,044,877$31,838,034$78,391,742
75$128,159,715$45,109,534$32,860,066$85,037,326
76$141,186,061$47,273,956$33,914,933$92,306,430
77$155,539,646$49,542,987$35,003,691$100,260,370
78$171,355,805$51,921,708$36,127,429$108,966,615
79$188,783,671$54,415,446$37,287,273$118,499,412
80$207,987,592$57,029,789$38,484,382$128,940,474
81$229,148,674$59,770,596$39,719,957$140,379,733
82$252,466,497$62,644,013$40,995,233$152,916,176
83$278,160,994$65,656,484$42,311,488$166,658,761
84$306,474,532$68,814,769$43,670,039$181,727,430
85$337,674,195$72,125,954$45,072,247$198,254,224
86$372,054,312$75,597,474$46,519,515$216,384,509
87$409,939,226$79,237,124$48,013,294$236,278,330
88$451,686,366$83,053,082$49,555,078$258,111,902
89$497,689,614$87,053,923$51,146,412$282,079,250
90$548,383,028$91,248,638$52,788,890$308,394,019
91$604,244,936$95,646,660$54,484,157$337,291,471
92$665,802,454$100,257,881$56,233,911$369,030,677
93$733,636,461$105,092,674$58,039,904$403,896,939
94$808,387,086$110,161,920$59,903,946$442,204,455
95$890,759,744$115,477,030$61,827,904$484,299,263
96$981,531,805$121,049,972$63,813,706$530,562,470
97$1,081,559,925$126,893,296$65,863,341$581,413,826
98$1,191,788,137$133,020,168$67,978,862$637,315,652
99$1,313,256,764$139,444,392$70,162,391$698,777,171
100$1,447,112,236$146,180,450$72,416,114$766,359,280