Can I retire at age 56 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,277,353
2 years$658,180$645,922$634,042$622,523$611,351$604,807
3 years$434,428$422,117$410,267$398,857$387,866$381,465
4 years$322,574$310,301$298,569$287,354$276,629$270,420
5 years$255,479$243,280$231,702$220,715$210,289$204,291
6 years$210,764$198,656$187,250$176,508$166,395$160,614
7 years$178,837$166,831$155,605$145,117$135,323$129,764
8 years$154,902$143,005$131,966$121,735$112,264$106,926
9 years$136,297$124,512$113,662$103,691$94,542$89,425
10 years$121,421$109,751$99,093$89,383$80,555$75,655
11 years$109,257$97,705$87,240$77,790$69,280$64,595
12 years$99,129$87,694$77,423$68,232$60,036$55,562
13 years$90,565$79,250$69,173$60,239$52,353$48,085
14 years$83,231$72,036$62,152$53,473$45,892$41,826
15 years$76,880$65,806$56,115$47,689$40,407$36,537
16 years$71,329$60,376$50,876$42,700$35,712$32,033
17 years$66,436$55,604$46,295$38,366$31,665$28,172
18 years$62,092$51,381$42,262$34,575$28,155$24,841
19 years$58,209$47,619$38,689$31,242$25,095$21,955
20 years$54,719$44,250$35,506$28,295$22,415$19,444
21 years$51,565$41,217$32,659$25,680$20,059$17,249
22 years$48,702$38,475$30,100$23,349$17,980$15,326
23 years$46,092$35,985$27,792$21,264$16,140$13,635
24 years$43,703$33,715$25,703$19,394$14,507$12,145
25 years$41,508$31,640$23,806$17,712$13,054$10,829
26 years$39,486$29,737$22,079$16,195$11,759$9,665
27 years$37,616$27,986$20,502$14,824$10,601$8,633
28 years$35,883$26,371$19,060$13,582$9,566$7,716
29 years$34,273$24,878$17,737$12,455$8,638$6,902
30 years$32,773$23,494$16,521$11,430$7,805$6,176
31 years$31,372$22,210$15,402$10,498$7,056$5,530
32 years$30,061$21,015$14,370$9,648$6,383$4,954
33 years$28,833$19,902$13,418$8,872$5,777$4,440
34 years$27,679$18,862$12,537$8,163$5,230$3,980
35 years$26,593$17,891$11,721$7,514$4,737$3,569
36 years$25,571$16,981$10,965$6,921$4,292$3,202
37 years$24,605$16,128$10,263$6,376$3,890$2,873
38 years$23,693$15,327$9,611$5,877$3,527$2,578
39 years$22,829$14,575$9,004$5,419$3,198$2,314
40 years$22,011$13,867$8,440$4,998$2,901$2,078
41 years$21,235$13,200$7,914$4,612$2,632$1,866
42 years$20,498$12,571$7,423$4,256$2,388$1,676
43 years$19,797$11,978$6,966$3,929$2,167$1,505
44 years$19,129$11,417$6,539$3,628$1,967$1,352
45 years$18,493$10,887$6,139$3,350$1,786$1,215
46 years$17,887$10,386$5,766$3,095$1,621$1,091
47 years$17,308$9,911$5,417$2,859$1,472$981
48 years$16,754$9,462$5,091$2,642$1,337$881
49 years$16,225$9,035$4,785$2,442$1,214$792
50 years$15,719$8,631$4,499$2,257$1,103$712

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,100,000, adding $6,304 every year, while hoping to spend $33,184 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: 67/12/21 Blend
55$16,100,000$16,100,000$16,100,000$16,100,000
56$17,748,703$16,895,403$16,645,853$18,843,575
57$19,523,763$17,687,970$17,168,181$20,370,702
58$21,478,767$18,518,261$17,706,895$22,035,687
59$23,632,034$19,388,088$18,262,510$23,855,705
60$26,003,751$20,299,354$18,835,553$25,846,015
61$28,616,163$21,254,052$19,426,573$28,023,412
62$31,493,782$22,254,270$20,036,134$30,406,379
63$34,663,619$23,302,201$20,664,815$33,015,261
64$38,155,439$24,400,140$21,313,218$35,872,456
65$42,002,044$25,550,497$21,981,961$39,002,617
66$46,239,577$26,755,796$22,671,681$42,432,890
67$50,907,868$28,018,684$23,383,036$46,193,156
68$56,050,808$29,341,937$24,116,705$50,316,321
69$61,716,763$30,728,465$24,873,388$54,838,612
70$67,959,032$32,181,319$25,653,806$59,799,924
71$74,836,349$33,703,699$26,458,704$65,244,185
72$82,413,434$35,298,958$27,288,848$71,219,771
73$90,761,612$36,970,614$28,145,032$77,779,958
74$99,959,476$38,722,354$29,028,071$84,983,418
75$110,093,639$40,558,046$29,938,807$92,894,767
76$121,259,542$42,481,742$30,878,109$101,585,174
77$133,562,363$44,497,695$31,846,874$111,133,026
78$147,118,004$46,610,362$32,846,023$121,624,658
79$162,054,186$48,824,415$33,876,511$133,155,170
80$178,511,659$51,144,758$34,939,320$145,829,310
81$196,645,524$53,576,527$36,035,463$159,762,465
82$216,626,702$56,125,111$37,165,986$175,081,738
83$238,643,546$58,796,162$38,331,967$191,927,141
84$262,903,616$61,595,603$39,534,516$210,452,912
85$289,635,645$64,529,646$40,774,782$230,828,965
86$319,091,689$67,604,808$42,053,946$253,242,482
87$351,549,517$70,827,919$43,373,228$277,899,672
88$387,315,222$74,206,142$44,733,886$305,027,713
89$426,726,121$77,746,989$46,137,218$334,876,886
90$470,153,931$81,458,337$47,584,560$367,722,928
91$518,008,283$85,348,446$49,077,294$403,869,624
92$570,740,586$89,425,978$50,616,841$443,651,667
93$628,848,291$93,700,016$52,204,670$487,437,808
94$692,879,585$98,180,085$53,842,295$535,634,322
95$763,438,567$102,876,174$55,531,276$588,688,837
96$841,190,951$107,798,756$57,273,224$647,094,545
97$926,870,350$112,958,818$59,069,800$711,394,843
98$1,021,285,202$118,367,877$60,922,715$782,188,458
99$1,125,326,403$124,038,013$62,833,736$860,135,076
100$1,239,975,715$129,981,894$64,804,685$945,961,562