Can I retire at age 56 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,262,733
2 years$666,356$653,946$641,918$630,257$618,945$581,905
3 years$439,824$427,361$415,363$403,811$392,684$356,815
4 years$326,581$314,155$302,278$290,923$280,066$245,643
5 years$258,653$246,302$234,580$223,457$212,901$180,020
6 years$213,382$201,124$189,576$178,700$168,462$137,152
7 years$181,058$168,903$157,538$146,919$137,004$107,266
8 years$156,827$144,781$133,605$123,247$113,658$85,474
9 years$137,990$126,058$115,074$104,979$95,717$69,060
10 years$122,929$111,114$100,324$90,493$81,556$56,389
11 years$110,615$98,918$88,324$78,756$70,140$46,424
12 years$100,360$88,784$78,385$69,080$60,782$38,470
13 years$91,690$80,235$70,032$60,987$53,003$32,046
14 years$84,265$72,931$62,924$54,137$46,462$26,808
15 years$77,835$66,624$56,812$48,281$40,909$22,505
16 years$72,215$61,126$51,508$43,230$36,156$18,946
17 years$67,261$56,295$46,870$38,842$32,058$15,988
18 years$62,863$52,019$42,787$35,005$28,505$13,519
19 years$58,932$48,211$39,169$31,630$25,407$11,450
20 years$55,399$44,800$35,948$28,647$22,694$9,711
21 years$52,206$41,729$33,065$25,999$20,308$8,246
22 years$49,307$38,953$30,474$23,639$18,204$7,008
23 years$46,665$36,432$28,138$21,528$16,341$5,962
24 years$44,246$34,134$26,023$19,635$14,687$5,075
25 years$42,024$32,033$24,102$17,932$13,216$4,323
26 years$39,976$30,106$22,353$16,396$11,905$3,684
27 years$38,084$28,333$20,757$15,008$10,733$3,141
28 years$36,329$26,698$19,296$13,750$9,685$2,679
29 years$34,699$25,187$17,957$12,609$8,745$2,285
30 years$33,180$23,786$16,726$11,572$7,902$1,950
31 years$31,762$22,486$15,593$10,628$7,144$1,665
32 years$30,435$21,276$14,549$9,768$6,462$1,421
33 years$29,191$20,149$13,584$8,982$5,848$1,214
34 years$28,023$19,097$12,692$8,264$5,295$1,036
35 years$26,924$18,113$11,867$7,608$4,796$885
36 years$25,888$17,192$11,101$7,007$4,345$756
37 years$24,911$16,328$10,390$6,456$3,938$646
38 years$23,987$15,518$9,730$5,950$3,570$552
39 years$23,113$14,756$9,116$5,486$3,238$471
40 years$22,285$14,039$8,544$5,060$2,937$403
41 years$21,499$13,364$8,012$4,669$2,664$344
42 years$20,752$12,727$7,515$4,309$2,418$294
43 years$20,042$12,126$7,052$3,978$2,194$251
44 years$19,367$11,559$6,620$3,673$1,992$215
45 years$18,723$11,023$6,216$3,392$1,808$184
46 years$18,109$10,515$5,838$3,133$1,642$157
47 years$17,523$10,035$5,485$2,895$1,491$134
48 years$16,963$9,579$5,154$2,675$1,354$115
49 years$16,427$9,148$4,845$2,472$1,229$98
50 years$15,914$8,738$4,555$2,285$1,117$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,300,000, adding $4,146 every year, while hoping to spend $51,287 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: 46/48/6 Blend
55$16,300,000$16,300,000$16,300,000$16,300,000
56$17,966,877$17,102,977$16,850,327$18,764,039
57$19,744,929$17,886,453$17,360,244$20,095,749
58$21,702,624$18,706,602$17,885,524$21,533,802
59$23,858,231$19,565,164$18,426,628$23,092,508
60$26,231,880$20,463,968$18,984,030$24,783,020
61$28,845,756$21,404,926$19,558,219$26,617,579
62$31,724,300$22,390,044$20,149,697$28,609,617
63$34,894,449$23,421,427$20,758,982$30,773,878
64$38,385,883$24,501,277$21,386,608$33,126,550
65$42,231,307$25,631,904$22,033,123$35,685,411
66$46,466,762$26,815,728$22,699,094$38,469,984
67$51,131,960$28,055,288$23,385,102$41,501,713
68$56,270,665$29,353,242$24,091,748$44,804,160
69$61,931,100$30,712,378$24,819,649$48,403,212
70$68,166,406$32,135,617$25,569,440$52,327,318
71$75,035,140$33,626,023$26,341,777$56,607,745
72$82,601,831$35,186,805$27,137,334$61,278,862
73$90,937,588$36,821,329$27,956,805$66,378,453
74$100,120,768$38,533,120$28,800,904$71,948,059
75$110,237,721$40,325,878$29,670,369$78,033,360
76$121,383,599$42,203,476$30,565,957$84,684,590
77$133,663,258$44,169,978$31,488,448$91,956,996
78$147,192,245$46,229,643$32,438,646$99,911,346
79$162,097,893$48,386,933$33,417,379$108,614,486
80$178,520,516$50,646,531$34,425,499$118,139,954
81$196,614,738$53,013,341$35,463,883$128,568,658
82$216,550,953$55,492,506$36,533,435$139,989,618
83$238,516,929$58,089,418$37,635,084$152,500,792
84$262,719,585$60,809,728$38,769,788$166,209,975
85$289,386,940$63,659,363$39,938,534$181,235,800
86$318,770,270$66,644,533$41,142,336$197,708,835
87$351,146,473$69,771,751$42,382,241$215,772,790
88$386,820,691$73,047,845$43,659,323$235,585,850
89$426,129,183$76,479,971$44,974,693$257,322,147
90$469,442,505$80,075,634$46,329,489$281,173,371
91$517,169,001$83,842,701$47,724,888$307,350,556
92$569,758,666$87,789,421$49,162,099$336,086,040
93$627,707,388$91,924,440$50,642,367$367,635,631
94$691,561,629$96,256,825$52,166,974$402,280,986
95$761,923,587$100,796,081$53,737,240$440,332,241
96$839,456,880$105,552,176$55,354,524$482,130,899
97$924,892,806$110,535,557$57,020,225$528,053,019
98$1,019,037,254$115,757,181$58,735,784$578,512,726
99$1,122,778,304$121,228,534$60,502,684$633,966,085
100$1,237,094,619$126,961,659$62,322,451$694,915,356