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%19.5%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,234,850
2 years$658,180$645,922$634,042$622,523$611,351$562,574
3 years$434,428$422,117$410,267$398,857$387,866$340,834
4 years$322,574$310,301$298,569$287,354$276,629$231,700
5 years$255,479$243,280$231,702$220,715$210,289$167,579
6 years$210,764$198,656$187,250$176,508$166,395$125,932
7 years$178,837$166,831$155,605$145,117$135,323$97,096
8 years$154,902$143,005$131,966$121,735$112,264$76,236
9 years$136,297$124,512$113,662$103,691$94,542$60,662
10 years$121,421$109,751$99,093$89,383$80,555$48,759
11 years$109,257$97,705$87,240$77,790$69,280$39,497
12 years$99,129$87,694$77,423$68,232$60,036$32,190
13 years$90,565$79,250$69,173$60,239$52,353$26,362
14 years$83,231$72,036$62,152$53,473$45,892$21,673
15 years$76,880$65,806$56,115$47,689$40,407$17,874
16 years$71,329$60,376$50,876$42,700$35,712$14,779
17 years$66,436$55,604$46,295$38,366$31,665$12,244
18 years$62,092$51,381$42,262$34,575$28,155$10,162
19 years$58,209$47,619$38,689$31,242$25,095$8,446
20 years$54,719$44,250$35,506$28,295$22,415$7,027
21 years$51,565$41,217$32,659$25,680$20,059$5,853
22 years$48,702$38,475$30,100$23,349$17,980$4,878
23 years$46,092$35,985$27,792$21,264$16,140$4,069
24 years$43,703$33,715$25,703$19,394$14,507$3,395
25 years$41,508$31,640$23,806$17,712$13,054$2,835
26 years$39,486$29,737$22,079$16,195$11,759$2,368
27 years$37,616$27,986$20,502$14,824$10,601$1,978
28 years$35,883$26,371$19,060$13,582$9,566$1,653
29 years$34,273$24,878$17,737$12,455$8,638$1,382
30 years$32,773$23,494$16,521$11,430$7,805$1,155
31 years$31,372$22,210$15,402$10,498$7,056$966
32 years$30,061$21,015$14,370$9,648$6,383$808
33 years$28,833$19,902$13,418$8,872$5,777$676
34 years$27,679$18,862$12,537$8,163$5,230$565
35 years$26,593$17,891$11,721$7,514$4,737$473
36 years$25,571$16,981$10,965$6,921$4,292$395
37 years$24,605$16,128$10,263$6,376$3,890$331
38 years$23,693$15,327$9,611$5,877$3,527$277
39 years$22,829$14,575$9,004$5,419$3,198$232
40 years$22,011$13,867$8,440$4,998$2,901$194
41 years$21,235$13,200$7,914$4,612$2,632$162
42 years$20,498$12,571$7,423$4,256$2,388$136
43 years$19,797$11,978$6,966$3,929$2,167$114
44 years$19,129$11,417$6,539$3,628$1,967$95
45 years$18,493$10,887$6,139$3,350$1,786$79
46 years$17,887$10,386$5,766$3,095$1,621$67
47 years$17,308$9,911$5,417$2,859$1,472$56
48 years$16,754$9,462$5,091$2,642$1,337$47
49 years$16,225$9,035$4,785$2,442$1,214$39
50 years$15,719$8,631$4,499$2,257$1,103$33

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 $3,507 every year, while hoping to spend $54,280 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: 59/27/14 Blend
55$16,100,000$16,100,000$16,100,000$16,100,000
56$17,745,817$16,892,517$16,642,967$18,730,232
57$19,498,137$17,662,497$17,142,753$20,164,744
58$21,427,375$18,468,387$17,657,463$21,721,963
59$23,551,518$19,311,889$18,187,539$23,418,786
60$25,890,387$20,194,786$18,733,436$25,268,673
61$28,465,825$21,118,949$19,295,625$27,286,421
62$31,301,899$22,086,337$19,874,587$29,488,303
63$34,425,127$23,099,002$20,470,820$31,892,215
64$37,864,733$24,159,096$21,084,836$34,517,842
65$41,652,918$25,268,875$21,717,161$37,386,835
66$45,825,168$26,430,701$22,368,337$40,523,012
67$50,420,581$27,647,052$23,038,923$43,952,580
68$55,482,246$28,920,523$23,729,492$47,704,371
69$61,057,642$30,253,835$24,440,637$51,810,111
70$67,199,088$31,649,840$25,172,966$56,304,714
71$73,964,240$33,111,527$25,927,105$61,226,603
72$81,416,629$34,642,028$26,703,699$66,618,066
73$89,626,264$36,244,627$27,503,412$72,525,647
74$98,670,294$37,922,765$28,326,928$79,000,582
75$108,633,733$39,680,049$29,174,949$86,099,267
76$119,610,264$41,520,261$30,048,199$93,883,790
77$131,703,121$43,447,364$30,947,424$102,422,502
78$145,026,067$45,465,513$31,873,390$111,790,657
79$159,704,464$47,579,061$32,826,887$122,071,112
80$175,876,458$49,792,574$33,808,727$133,355,096
81$193,694,283$52,110,836$34,819,745$145,743,065
82$213,325,696$54,538,864$35,860,803$159,345,637
83$234,955,564$57,081,914$36,932,787$174,284,627
84$258,787,603$59,745,500$38,036,607$190,694,179
85$285,046,308$62,535,398$39,173,202$208,722,029
86$313,979,064$65,457,666$40,343,538$228,530,877
87$345,858,490$68,518,653$41,548,608$250,299,916
88$380,985,005$71,725,016$42,789,435$274,226,507
89$419,689,666$75,083,733$44,067,071$300,528,026
90$462,337,295$78,602,118$45,382,601$329,443,901
91$509,329,919$82,287,842$46,737,138$361,237,856
92$561,110,568$86,148,944$48,131,830$396,200,385
93$618,167,458$90,193,854$49,567,858$434,651,472
94$681,038,594$94,431,407$51,046,436$476,943,599
95$750,316,854$98,870,870$52,568,815$523,465,048
96$826,655,585$103,521,955$54,136,283$574,643,550
97$910,774,769$108,394,845$55,750,162$630,950,297
98$1,003,467,819$113,500,216$57,411,817$692,904,375
99$1,105,609,072$118,849,262$59,122,648$761,077,633
100$1,218,162,041$124,453,719$60,884,100$836,100,059