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%14.5%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,322,585
2 years$690,884$678,017$665,547$653,456$641,728$616,590
3 years$456,014$443,092$430,653$418,676$407,139$382,690
4 years$338,602$325,719$313,405$301,632$290,375$266,804
5 years$268,174$255,368$243,215$231,683$220,738$198,112
6 years$221,236$208,527$196,554$185,278$174,663$153,007
7 years$187,723$175,121$163,337$152,328$142,048$121,368
8 years$162,599$150,111$138,523$127,784$117,842$98,133
9 years$143,069$130,698$119,310$108,843$99,240$80,490
10 years$127,454$115,204$104,017$93,824$84,558$66,749
11 years$114,686$102,560$91,575$81,655$72,722$55,835
12 years$104,054$92,052$81,270$71,622$63,020$47,030
13 years$95,065$83,188$72,610$63,232$54,954$39,837
14 years$87,366$75,616$65,240$56,130$48,173$33,901
15 years$80,700$69,076$58,903$50,058$42,415$28,959
16 years$74,873$63,376$53,404$44,822$37,487$24,817
17 years$69,737$58,367$48,596$40,272$33,238$21,325
18 years$65,177$53,934$44,362$36,293$29,554$18,366
19 years$61,101$49,985$40,611$32,794$26,342$15,848
20 years$57,438$46,449$37,271$29,701$23,529$13,698
21 years$54,127$43,265$34,282$26,956$21,056$11,856
22 years$51,122$40,386$31,596$24,509$18,874$10,274
23 years$48,382$37,773$29,173$22,321$16,942$8,912
24 years$45,874$35,391$26,980$20,358$15,228$7,738
25 years$43,571$33,212$24,989$18,592$13,703$6,724
26 years$41,448$31,214$23,176$17,000$12,343$5,846
27 years$39,485$29,376$21,521$15,560$11,128$5,086
28 years$37,666$27,681$20,007$14,256$10,041$4,427
29 years$35,976$26,114$18,618$13,073$9,067$3,855
30 years$34,401$24,662$17,342$11,998$8,193$3,359
31 years$32,931$23,314$16,167$11,019$7,407$2,927
32 years$31,555$22,059$15,084$10,127$6,700$2,551
33 years$30,265$20,891$14,084$9,313$6,064$2,224
34 years$29,054$19,800$13,160$8,568$5,490$1,940
35 years$27,915$18,780$12,303$7,888$4,972$1,692
36 years$26,841$17,825$11,510$7,264$4,505$1,476
37 years$25,828$16,929$10,773$6,693$4,083$1,288
38 years$24,870$16,089$10,088$6,169$3,702$1,124
39 years$23,964$15,299$9,452$5,688$3,357$981
40 years$23,105$14,556$8,859$5,247$3,045$856
41 years$22,290$13,856$8,307$4,841$2,762$747
42 years$21,516$13,196$7,792$4,467$2,507$652
43 years$20,780$12,573$7,312$4,124$2,275$569
44 years$20,080$11,984$6,863$3,808$2,065$497
45 years$19,412$11,428$6,445$3,517$1,875$434
46 years$18,775$10,902$6,053$3,248$1,702$379
47 years$18,168$10,404$5,687$3,001$1,545$331
48 years$17,587$9,932$5,344$2,773$1,404$289
49 years$17,032$9,484$5,023$2,563$1,275$252
50 years$16,500$9,060$4,722$2,369$1,158$220

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 $6,848 every year, while hoping to spend $26,520 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: 49/26/25 Blend
54$16,900,000$16,900,000$16,900,000$16,900,000
55$18,630,864$17,735,164$17,473,214$19,411,522
56$20,502,995$18,575,970$18,030,349$20,798,215
57$22,565,194$19,457,086$18,605,260$22,300,683
58$24,836,821$20,380,461$19,198,514$23,932,504
59$27,339,209$21,348,135$19,810,695$25,705,906
60$30,095,864$22,362,249$20,442,410$27,634,323
61$33,132,692$23,425,050$21,094,280$29,732,516
62$36,478,238$24,538,889$21,766,950$32,016,708
63$40,163,960$25,706,236$22,461,084$34,504,729
64$44,224,521$26,929,678$23,177,368$37,216,180
65$48,698,120$28,211,930$23,916,507$40,172,612
66$53,626,850$29,555,837$24,679,233$43,397,718
67$59,057,100$30,964,384$25,466,298$46,917,555
68$65,039,985$32,440,699$26,278,479$50,760,780
69$71,631,834$33,988,064$27,116,579$54,958,911
70$78,894,722$35,609,920$27,981,425$59,546,619
71$86,897,052$37,309,875$28,873,872$64,562,046
72$95,714,204$39,091,712$29,794,800$70,047,156
73$105,429,246$40,959,399$30,745,119$76,048,120
74$116,133,717$42,917,097$31,725,768$82,615,745
75$127,928,490$44,969,169$32,737,715$89,805,940
76$140,924,728$47,120,190$33,781,960$97,680,239
77$155,244,929$49,374,958$34,859,535$106,306,363
78$171,024,086$51,738,505$35,971,503$115,758,852
79$188,410,958$54,216,108$37,118,964$126,119,757
80$207,569,478$56,813,299$38,303,051$137,479,399
81$228,680,295$59,535,881$39,524,934$149,937,213
82$251,942,486$62,389,940$40,785,820$163,602,665
83$277,575,430$65,381,857$42,086,955$178,596,280
84$305,820,880$68,518,324$43,429,625$195,050,756
85$336,945,248$71,806,361$44,815,155$213,112,209
86$371,242,117$75,253,326$46,244,916$232,941,527
87$409,035,012$78,866,938$47,720,321$254,715,879
88$450,680,458$82,655,293$49,242,827$278,630,366
89$496,571,342$86,626,880$50,813,938$304,899,842
90$547,140,623$90,790,600$52,435,209$333,760,927
91$602,865,418$95,155,792$54,108,241$365,474,216
92$664,271,511$99,732,246$55,834,687$400,326,718
93$731,938,311$104,530,232$57,616,255$438,634,545
94$806,504,325$109,560,519$59,454,705$480,745,870
95$888,673,183$114,834,402$61,351,855$527,044,190
96$979,220,286$120,363,725$63,309,580$577,951,921
97$1,079,000,119$126,160,913$65,329,815$633,934,357
98$1,188,954,326$132,238,992$67,414,559$695,504,036
99$1,310,120,592$138,611,627$69,565,871$763,225,547
100$1,443,642,445$145,293,149$71,785,880$837,720,830