Can I retire at age 56 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,252,466
2 years$662,268$649,934$637,980$626,390$615,148$575,846
3 years$437,126$424,739$412,815$401,334$390,275$352,249
4 years$324,577$312,228$300,424$289,139$278,348$241,889
5 years$257,066$244,791$233,141$222,086$211,595$176,802
6 years$212,073$199,890$188,413$177,604$167,428$134,332
7 years$179,948$167,867$156,572$146,018$136,164$104,762
8 years$155,865$143,893$132,785$122,491$112,961$83,234
9 years$137,143$125,285$114,368$104,335$95,130$67,046
10 years$122,175$110,433$99,709$89,938$81,055$54,574
11 years$109,936$98,312$87,782$78,273$69,710$44,785
12 years$99,744$88,239$77,904$68,656$60,409$36,989
13 years$91,127$79,742$69,602$60,613$52,678$30,708
14 years$83,748$72,484$62,538$53,805$46,177$25,601
15 years$77,358$66,215$56,463$47,985$40,658$21,415
16 years$71,772$60,751$51,192$42,965$35,934$17,964
17 years$66,849$55,950$46,583$38,604$31,861$15,104
18 years$62,477$51,700$42,524$34,790$28,330$12,724
19 years$58,570$47,915$38,929$31,436$25,251$10,736
20 years$55,059$44,525$35,727$28,471$22,555$9,071
21 years$51,886$41,473$32,862$25,839$20,184$7,673
22 years$49,005$38,714$30,287$23,494$18,092$6,496
23 years$46,378$36,208$27,965$21,396$16,240$5,504
24 years$43,974$33,925$25,863$19,515$14,597$4,667
25 years$41,766$31,837$23,954$17,822$13,135$3,959
26 years$39,731$29,921$22,216$16,295$11,832$3,361
27 years$37,850$28,159$20,630$14,916$10,667$2,854
28 years$36,106$26,534$19,178$13,666$9,625$2,424
29 years$34,486$25,032$17,847$12,532$8,691$2,060
30 years$32,976$23,640$16,624$11,501$7,853$1,750
31 years$31,567$22,348$15,498$10,563$7,100$1,488
32 years$30,248$21,146$14,460$9,708$6,423$1,265
33 years$29,012$20,025$13,501$8,927$5,812$1,076
34 years$27,851$18,979$12,615$8,214$5,262$915
35 years$26,759$18,002$11,794$7,561$4,766$778
36 years$25,729$17,086$11,033$6,964$4,319$662
37 years$24,758$16,228$10,327$6,416$3,914$563
38 years$23,840$15,422$9,670$5,914$3,549$479
39 years$22,971$14,665$9,060$5,453$3,218$408
40 years$22,148$13,953$8,492$5,029$2,919$347
41 years$21,367$13,282$7,963$4,640$2,648$295
42 years$20,625$12,649$7,469$4,282$2,403$251
43 years$19,919$12,052$7,009$3,953$2,181$214
44 years$19,248$11,488$6,579$3,650$1,979$182
45 years$18,608$10,955$6,178$3,371$1,797$155
46 years$17,998$10,451$5,802$3,114$1,631$132
47 years$17,415$9,973$5,451$2,877$1,481$112
48 years$16,858$9,521$5,122$2,658$1,345$95
49 years$16,326$9,092$4,815$2,457$1,222$81
50 years$15,817$8,685$4,527$2,271$1,110$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,200,000, adding $2,309 every year, while hoping to spend $39,858 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: 63/28/9 Blend
55$16,200,000$16,200,000$16,200,000$16,200,000
56$17,854,782$16,996,182$16,745,082$18,945,330
57$19,633,561$17,786,586$17,263,633$20,464,284
58$21,592,440$18,614,384$17,798,221$22,117,229
59$23,749,746$19,481,367$18,349,339$23,920,984
60$26,125,676$20,389,410$18,917,498$25,890,170
61$28,742,485$21,340,481$19,503,224$28,040,865
62$31,624,697$22,336,642$20,107,060$30,390,750
63$34,799,334$23,380,056$20,729,564$32,959,273
64$38,296,174$24,472,987$21,371,313$35,767,828
65$42,148,033$25,617,812$22,032,901$38,839,950
66$46,391,069$26,817,022$22,714,940$42,201,531
67$51,065,129$28,073,227$23,418,062$45,881,060
68$56,214,122$29,389,165$24,142,916$49,909,886
69$61,886,433$30,767,704$24,890,174$54,322,508
70$68,135,381$32,211,854$25,660,527$59,156,890
71$75,019,723$33,724,767$26,454,687$64,454,817
72$82,604,205$35,309,752$27,273,390$70,262,280
73$90,960,177$36,970,273$28,117,392$76,629,902
74$100,166,265$38,709,966$28,987,474$83,613,412
75$110,309,110$40,532,640$29,884,441$91,274,154
76$121,484,190$42,442,291$30,809,121$99,679,666
77$133,796,721$44,443,106$31,762,370$108,904,305
78$147,362,646$46,539,478$32,745,068$119,029,937
79$162,309,733$48,736,009$33,758,125$130,146,704
80$178,778,780$51,037,528$34,802,476$142,353,861
81$196,924,943$53,449,095$35,879,087$155,760,703
82$216,919,203$55,976,016$36,988,953$170,487,587
83$238,949,977$58,623,856$38,133,098$186,667,054
84$263,224,898$61,398,448$39,312,580$204,445,065
85$289,972,775$64,305,909$40,528,488$223,982,373
86$319,445,751$67,352,652$41,781,946$245,456,020
87$351,921,688$70,545,402$43,074,111$269,060,994
88$387,706,782$73,891,209$44,406,176$295,012,061
89$427,138,463$77,397,467$45,779,371$323,545,768
90$470,588,570$81,071,927$47,194,965$354,922,666
91$518,466,872$84,922,719$48,654,263$389,429,748
92$571,224,925$88,958,365$50,158,614$427,383,141
93$629,360,345$93,187,802$51,709,405$469,131,075
94$693,421,497$97,620,401$53,308,067$515,057,144
95$764,012,679$102,265,990$54,956,076$565,583,910
96$841,799,819$107,134,871$56,654,952$621,176,871
97$927,516,771$112,237,849$58,406,263$682,348,829
98$1,021,972,233$117,586,255$60,211,624$749,664,712
99$1,126,057,387$123,191,968$62,072,700$823,746,875
100$1,240,754,313$129,067,447$63,991,207$905,280,956