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%16%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,260,070
2 years$662,268$649,934$637,980$626,390$615,148$583,366
3 years$437,126$424,739$412,815$401,334$390,275$359,445
4 years$324,577$312,228$300,424$289,139$278,348$248,706
5 years$257,066$244,791$233,141$222,086$211,595$183,226
6 years$212,073$199,890$188,413$177,604$167,428$140,359
7 years$179,948$167,867$156,572$146,018$136,164$110,398
8 years$155,865$143,893$132,785$122,491$112,961$88,487
9 years$137,143$125,285$114,368$104,335$95,130$71,928
10 years$122,175$110,433$99,709$89,938$81,055$59,099
11 years$109,936$98,312$87,782$78,273$69,710$48,967
12 years$99,744$88,239$77,904$68,656$60,409$40,845
13 years$91,127$79,742$69,602$60,613$52,678$34,254
14 years$83,748$72,484$62,538$53,805$46,177$28,853
15 years$77,358$66,215$56,463$47,985$40,658$24,392
16 years$71,772$60,751$51,192$42,965$35,934$20,682
17 years$66,849$55,950$46,583$38,604$31,861$17,581
18 years$62,477$51,700$42,524$34,790$28,330$14,976
19 years$58,570$47,915$38,929$31,436$25,251$12,779
20 years$55,059$44,525$35,727$28,471$22,555$10,921
21 years$51,886$41,473$32,862$25,839$20,184$9,345
22 years$49,005$38,714$30,287$23,494$18,092$8,005
23 years$46,378$36,208$27,965$21,396$16,240$6,863
24 years$43,974$33,925$25,863$19,515$14,597$5,889
25 years$41,766$31,837$23,954$17,822$13,135$5,056
26 years$39,731$29,921$22,216$16,295$11,832$4,344
27 years$37,850$28,159$20,630$14,916$10,667$3,734
28 years$36,106$26,534$19,178$13,666$9,625$3,210
29 years$34,486$25,032$17,847$12,532$8,691$2,761
30 years$32,976$23,640$16,624$11,501$7,853$2,376
31 years$31,567$22,348$15,498$10,563$7,100$2,045
32 years$30,248$21,146$14,460$9,708$6,423$1,760
33 years$29,012$20,025$13,501$8,927$5,812$1,516
34 years$27,851$18,979$12,615$8,214$5,262$1,305
35 years$26,759$18,002$11,794$7,561$4,766$1,124
36 years$25,729$17,086$11,033$6,964$4,319$969
37 years$24,758$16,228$10,327$6,416$3,914$834
38 years$23,840$15,422$9,670$5,914$3,549$719
39 years$22,971$14,665$9,060$5,453$3,218$619
40 years$22,148$13,953$8,492$5,029$2,919$534
41 years$21,367$13,282$7,963$4,640$2,648$460
42 years$20,625$12,649$7,469$4,282$2,403$396
43 years$19,919$12,052$7,009$3,953$2,181$342
44 years$19,248$11,488$6,579$3,650$1,979$294
45 years$18,608$10,955$6,178$3,371$1,797$254
46 years$17,998$10,451$5,802$3,114$1,631$219
47 years$17,415$9,973$5,451$2,877$1,481$189
48 years$16,858$9,521$5,122$2,658$1,345$163
49 years$16,326$9,092$4,815$2,457$1,222$140
50 years$15,817$8,685$4,527$2,271$1,110$121

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 $6,124 every year, while hoping to spend $51,253 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: 65/26/9 Blend
55$16,200,000$16,200,000$16,200,000$16,200,000
56$17,858,717$17,000,117$16,749,017$18,986,202
57$19,625,773$17,778,590$17,255,576$20,516,376
58$21,571,352$18,593,490$17,777,387$22,180,927
59$23,713,607$19,446,549$18,314,907$23,998,230
60$26,072,545$20,339,579$18,868,607$25,983,155
61$28,670,209$21,274,483$19,438,969$28,152,055
62$31,530,890$22,253,253$20,026,495$30,522,918
63$34,681,355$23,277,976$20,631,696$33,115,537
64$38,151,098$24,350,842$21,255,103$35,951,683
65$41,972,620$25,474,144$21,897,260$39,055,314
66$46,181,736$26,650,286$22,558,727$42,452,792
67$50,817,912$27,881,788$23,240,082$46,173,127
68$55,924,634$29,171,291$23,941,921$50,248,245
69$61,549,827$30,521,564$24,664,855$54,713,286
70$67,746,296$31,935,508$25,409,515$59,606,925
71$74,572,235$33,416,165$26,176,550$64,971,736
72$82,091,768$34,966,721$26,966,629$70,854,583
73$90,375,558$36,590,520$27,780,441$77,307,058
74$99,501,472$38,291,064$28,618,693$84,385,958
75$109,555,320$40,072,023$29,482,117$92,153,819
76$120,631,658$41,937,248$30,371,463$100,679,490
77$132,834,686$43,890,772$31,287,506$110,038,783
78$146,279,229$45,936,825$32,231,043$120,315,174
79$161,091,821$48,079,839$33,202,893$131,600,586
80$177,411,898$50,324,463$34,203,901$143,996,244
81$195,393,118$52,675,567$35,234,938$157,613,622
82$215,204,805$55,138,260$36,296,898$172,575,483
83$237,033,556$57,717,895$37,390,704$189,017,033
84$261,084,991$60,420,084$38,517,306$207,087,178
85$287,585,704$63,250,713$39,677,679$226,949,922
86$316,785,396$66,215,948$40,872,832$248,785,903
87$348,959,235$69,322,257$42,103,800$272,794,083
88$384,410,449$72,576,420$43,371,649$299,193,615
89$423,473,194$75,985,544$44,677,479$328,225,894
90$466,515,705$79,557,081$46,022,420$360,156,825
91$513,943,772$83,298,843$47,407,636$395,279,316
92$566,204,571$87,219,020$48,834,326$433,916,023
93$623,790,885$91,326,200$50,303,723$476,422,386
94$687,245,757$95,629,386$51,817,100$523,189,958
95$757,167,614$100,138,015$53,375,762$574,650,091
96$834,215,918$104,861,986$54,981,058$631,277,982
97$919,117,391$109,811,673$56,634,373$693,597,141
98$1,012,672,876$114,997,955$58,337,135$762,184,311
99$1,115,764,893$120,432,239$60,090,813$837,674,890
100$1,229,365,977$126,126,483$61,896,920$920,768,908