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%18.9%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,245,481
2 years$662,268$649,934$637,980$626,390$615,148$568,972
3 years$437,126$424,739$412,815$401,334$390,275$345,706
4 years$324,577$312,228$300,424$289,139$278,348$235,724
5 years$257,066$244,791$233,141$222,086$211,595$171,030
6 years$212,073$199,890$188,413$177,604$167,428$128,951
7 years$179,948$167,867$156,572$146,018$136,164$99,766
8 years$155,865$143,893$132,785$122,491$112,961$78,611
9 years$137,143$125,285$114,368$104,335$95,130$62,783
10 years$122,175$110,433$99,709$89,938$81,055$50,655
11 years$109,936$98,312$87,782$78,273$69,710$41,194
12 years$99,744$88,239$77,904$68,656$60,409$33,708
13 years$91,127$79,742$69,602$60,613$52,678$27,719
14 years$83,748$72,484$62,538$53,805$46,177$22,885
15 years$77,358$66,215$56,463$47,985$40,658$18,954
16 years$71,772$60,751$51,192$42,965$35,934$15,740
17 years$66,849$55,950$46,583$38,604$31,861$13,099
18 years$62,477$51,700$42,524$34,790$28,330$10,920
19 years$58,570$47,915$38,929$31,436$25,251$9,117
20 years$55,059$44,525$35,727$28,471$22,555$7,621
21 years$51,886$41,473$32,862$25,839$20,184$6,377
22 years$49,005$38,714$30,287$23,494$18,092$5,340
23 years$46,378$36,208$27,965$21,396$16,240$4,475
24 years$43,974$33,925$25,863$19,515$14,597$3,752
25 years$41,766$31,837$23,954$17,822$13,135$3,148
26 years$39,731$29,921$22,216$16,295$11,832$2,642
27 years$37,850$28,159$20,630$14,916$10,667$2,218
28 years$36,106$26,534$19,178$13,666$9,625$1,863
29 years$34,486$25,032$17,847$12,532$8,691$1,565
30 years$32,976$23,640$16,624$11,501$7,853$1,315
31 years$31,567$22,348$15,498$10,563$7,100$1,105
32 years$30,248$21,146$14,460$9,708$6,423$928
33 years$29,012$20,025$13,501$8,927$5,812$780
34 years$27,851$18,979$12,615$8,214$5,262$656
35 years$26,759$18,002$11,794$7,561$4,766$551
36 years$25,729$17,086$11,033$6,964$4,319$464
37 years$24,758$16,228$10,327$6,416$3,914$390
38 years$23,840$15,422$9,670$5,914$3,549$328
39 years$22,971$14,665$9,060$5,453$3,218$276
40 years$22,148$13,953$8,492$5,029$2,919$232
41 years$21,367$13,282$7,963$4,640$2,648$195
42 years$20,625$12,649$7,469$4,282$2,403$164
43 years$19,919$12,052$7,009$3,953$2,181$138
44 years$19,248$11,488$6,579$3,650$1,979$116
45 years$18,608$10,955$6,178$3,371$1,797$97
46 years$17,998$10,451$5,802$3,114$1,631$82
47 years$17,415$9,973$5,451$2,877$1,481$69
48 years$16,858$9,521$5,122$2,658$1,345$58
49 years$16,326$9,092$4,815$2,457$1,222$49
50 years$15,817$8,685$4,527$2,271$1,110$41

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 $5,332 every year, while hoping to spend $22,658 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: 34/41/25 Blend
55$16,200,000$16,200,000$16,200,000$16,200,000
56$17,857,900$16,999,300$16,748,200$18,329,196
57$19,655,298$17,808,158$17,285,157$19,491,132
58$21,635,271$18,655,890$17,839,342$20,740,825
59$23,816,418$19,544,378$18,411,309$22,088,019
60$26,219,234$20,475,594$19,001,630$23,541,388
61$28,866,304$21,451,606$19,610,892$25,110,435
62$31,782,515$22,474,583$20,239,705$26,805,577
63$34,995,293$23,546,799$20,888,697$28,638,230
64$38,534,859$24,670,639$21,558,515$30,620,909
65$42,434,518$25,848,603$22,249,828$32,767,341
66$46,730,969$27,083,315$22,963,327$35,092,584
67$51,464,654$28,377,523$23,699,725$37,613,158
68$56,680,139$29,734,112$24,459,756$40,347,189
69$62,426,535$31,156,106$25,244,180$43,314,578
70$68,757,962$32,646,676$26,053,781$46,537,166
71$75,734,058$34,209,147$26,889,367$50,038,939
72$83,420,544$35,847,007$27,751,772$53,846,237
73$91,889,842$37,563,913$28,641,859$57,987,990
74$101,221,761$39,363,699$29,560,516$62,495,981
75$111,504,249$41,250,389$30,508,662$67,405,128
76$122,834,224$43,228,200$31,487,244$72,753,804
77$135,318,488$45,301,554$32,497,239$78,584,181
78$149,074,734$47,475,091$33,539,657$84,942,612
79$164,232,661$49,753,674$34,615,539$91,880,053
80$180,935,193$52,142,405$35,725,961$99,452,527
81$199,339,835$54,646,635$36,872,033$107,721,637
82$219,620,151$57,271,973$38,054,899$116,755,121
83$241,967,411$60,024,304$39,275,742$126,627,482
84$266,592,390$62,909,798$40,535,783$137,420,662
85$293,727,363$65,934,927$41,836,281$149,224,798
86$323,628,293$69,106,478$43,178,535$162,139,050
87$356,577,251$72,431,568$44,563,889$176,272,512
88$392,885,078$75,917,662$45,993,726$191,745,218
89$432,894,316$79,572,588$47,469,476$208,689,250
90$476,982,449$83,404,557$48,992,616$227,249,953
91$525,565,457$87,422,179$50,564,667$247,587,286
92$579,101,753$91,634,484$52,187,202$269,877,296
93$638,096,502$96,050,944$53,861,844$294,313,751
94$703,106,396$100,681,492$55,590,267$321,109,938
95$774,744,907$105,536,544$57,374,200$350,500,639
96$853,688,079$110,627,025$59,215,426$382,744,315
97$940,680,908$115,964,395$61,115,788$418,125,504
98$1,036,544,380$121,560,670$63,077,187$456,957,474
99$1,142,183,219$127,428,454$65,101,584$499,585,134
100$1,258,594,425$133,580,966$67,191,005$546,388,249