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%11.5%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,283,669
2 years$662,268$649,934$637,980$626,390$615,148$606,936
3 years$437,126$424,739$412,815$401,334$390,275$382,246
4 years$324,577$312,228$300,424$289,139$278,348$270,564
5 years$257,066$244,791$233,141$222,086$211,595$204,080
6 years$212,073$199,890$188,413$177,604$167,428$160,191
7 years$179,948$167,867$156,572$146,018$136,164$129,208
8 years$155,865$143,893$132,785$122,491$112,961$106,287
9 years$137,143$125,285$114,368$104,335$95,130$88,735
10 years$122,175$110,433$99,709$89,938$81,055$74,937
11 years$109,936$98,312$87,782$78,273$69,710$63,864
12 years$99,744$88,239$77,904$68,656$60,409$54,831
13 years$91,127$79,742$69,602$60,613$52,678$47,361
14 years$83,748$72,484$62,538$53,805$46,177$41,116
15 years$77,358$66,215$56,463$47,985$40,658$35,846
16 years$71,772$60,751$51,192$42,965$35,934$31,363
17 years$66,849$55,950$46,583$38,604$31,861$27,525
18 years$62,477$51,700$42,524$34,790$28,330$24,220
19 years$58,570$47,915$38,929$31,436$25,251$21,361
20 years$55,059$44,525$35,727$28,471$22,555$18,876
21 years$51,886$41,473$32,862$25,839$20,184$16,709
22 years$49,005$38,714$30,287$23,494$18,092$14,813
23 years$46,378$36,208$27,965$21,396$16,240$13,149
24 years$43,974$33,925$25,863$19,515$14,597$11,685
25 years$41,766$31,837$23,954$17,822$13,135$10,395
26 years$39,731$29,921$22,216$16,295$11,832$9,256
27 years$37,850$28,159$20,630$14,916$10,667$8,248
28 years$36,106$26,534$19,178$13,666$9,625$7,355
29 years$34,486$25,032$17,847$12,532$8,691$6,563
30 years$32,976$23,640$16,624$11,501$7,853$5,859
31 years$31,567$22,348$15,498$10,563$7,100$5,233
32 years$30,248$21,146$14,460$9,708$6,423$4,676
33 years$29,012$20,025$13,501$8,927$5,812$4,180
34 years$27,851$18,979$12,615$8,214$5,262$3,738
35 years$26,759$18,002$11,794$7,561$4,766$3,344
36 years$25,729$17,086$11,033$6,964$4,319$2,992
37 years$24,758$16,228$10,327$6,416$3,914$2,678
38 years$23,840$15,422$9,670$5,914$3,549$2,397
39 years$22,971$14,665$9,060$5,453$3,218$2,146
40 years$22,148$13,953$8,492$5,029$2,919$1,922
41 years$21,367$13,282$7,963$4,640$2,648$1,722
42 years$20,625$12,649$7,469$4,282$2,403$1,542
43 years$19,919$12,052$7,009$3,953$2,181$1,382
44 years$19,248$11,488$6,579$3,650$1,979$1,238
45 years$18,608$10,955$6,178$3,371$1,797$1,109
46 years$17,998$10,451$5,802$3,114$1,631$994
47 years$17,415$9,973$5,451$2,877$1,481$891
48 years$16,858$9,521$5,122$2,658$1,345$799
49 years$16,326$9,092$4,815$2,457$1,222$716
50 years$15,817$8,685$4,527$2,271$1,110$642

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 $5,941 every year, while hoping to spend $49,806 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: 71/13/16 Blend
55$16,200,000$16,200,000$16,200,000$16,200,000
56$17,858,528$16,999,928$16,748,828$19,060,220
57$19,627,105$17,779,931$17,256,921$20,639,352
58$21,574,407$18,596,486$17,780,365$22,361,011
59$23,718,612$19,451,329$18,319,623$24,244,572
60$26,079,750$20,346,284$18,875,170$26,306,033
61$28,679,892$21,283,259$19,447,496$28,563,006
62$31,543,359$22,264,256$20,037,104$31,034,874
63$34,696,950$23,291,373$20,644,516$33,742,981
64$38,170,197$24,366,809$21,270,265$36,710,818
65$41,995,640$25,492,866$21,914,902$39,964,254
66$46,209,140$26,671,961$22,578,996$43,531,769
67$50,850,210$27,906,624$23,263,130$47,444,720
68$55,962,393$29,199,510$23,967,906$51,737,638
69$61,593,670$30,553,400$24,693,944$56,448,547
70$67,796,916$31,971,208$25,441,883$61,619,320
71$74,630,394$33,455,990$26,212,379$67,296,070
72$82,158,311$35,010,950$27,006,110$73,529,580
73$90,451,417$36,639,444$27,823,773$80,375,782
74$99,587,678$38,344,994$28,666,086$87,896,277
75$109,653,009$40,131,286$29,533,788$96,158,911
76$120,742,087$42,002,190$30,427,641$105,238,416
77$132,959,241$43,961,760$31,348,428$115,217,103
78$146,419,442$46,014,244$32,296,959$126,185,640
79$161,249,381$48,164,098$33,274,063$138,243,900
80$177,588,671$50,415,992$34,280,597$151,501,897
81$195,591,163$52,774,822$35,317,444$166,080,820
82$215,426,394$55,245,722$36,385,512$182,114,170
83$237,281,195$57,834,070$37,485,735$199,749,014
84$261,361,446$60,545,509$38,619,076$219,147,367
85$287,894,027$63,385,952$39,786,528$240,487,714
86$317,128,953$66,361,599$40,989,112$263,966,688
87$349,341,737$69,478,949$42,227,879$289,800,916
88$384,835,994$72,744,816$43,503,912$318,229,059
89$423,946,298$76,166,346$44,818,326$349,514,056
90$467,041,350$79,751,026$46,172,269$383,945,597
91$514,527,452$83,506,711$47,566,925$421,842,846
92$566,852,345$87,441,632$49,003,509$463,557,451
93$624,509,434$91,564,422$50,483,277$509,476,846
94$688,042,448$95,884,131$52,007,519$560,027,903
95$758,050,571$100,410,246$53,577,563$615,680,950
96$835,194,097$105,152,716$55,194,780$676,954,198
97$920,200,668$110,121,973$56,860,578$744,418,624
98$1,013,872,138$115,328,951$58,576,409$818,703,346
99$1,117,092,144$120,785,117$60,343,767$900,501,552
100$1,230,834,449$126,502,495$62,164,190$990,577,028