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%16.2%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,266,821
2 years$666,356$653,946$641,918$630,257$618,945$585,949
3 years$439,824$427,361$415,363$403,811$392,684$360,687
4 years$326,581$314,155$302,278$290,923$280,066$249,314
5 years$258,653$246,302$234,580$223,457$212,901$183,481
6 years$213,382$201,124$189,576$178,700$168,462$140,401
7 years$181,058$168,903$157,538$146,919$137,004$110,306
8 years$156,827$144,781$133,605$123,247$113,658$88,310
9 years$137,990$126,058$115,074$104,979$95,717$71,697
10 years$122,929$111,114$100,324$90,493$81,556$58,836
11 years$110,615$98,918$88,324$78,756$70,140$48,687
12 years$100,360$88,784$78,385$69,080$60,782$40,558
13 years$91,690$80,235$70,032$60,987$53,003$33,968
14 years$84,265$72,931$62,924$54,137$46,462$28,573
15 years$77,835$66,624$56,812$48,281$40,909$24,121
16 years$72,215$61,126$51,508$43,230$36,156$20,424
17 years$67,261$56,295$46,870$38,842$32,058$17,336
18 years$62,863$52,019$42,787$35,005$28,505$14,745
19 years$58,932$48,211$39,169$31,630$25,407$12,564
20 years$55,399$44,800$35,948$28,647$22,694$10,721
21 years$52,206$41,729$33,065$25,999$20,308$9,159
22 years$49,307$38,953$30,474$23,639$18,204$7,834
23 years$46,665$36,432$28,138$21,528$16,341$6,706
24 years$44,246$34,134$26,023$19,635$14,687$5,745
25 years$42,024$32,033$24,102$17,932$13,216$4,925
26 years$39,976$30,106$22,353$16,396$11,905$4,224
27 years$38,084$28,333$20,757$15,008$10,733$3,625
28 years$36,329$26,698$19,296$13,750$9,685$3,112
29 years$34,699$25,187$17,957$12,609$8,745$2,672
30 years$33,180$23,786$16,726$11,572$7,902$2,295
31 years$31,762$22,486$15,593$10,628$7,144$1,972
32 years$30,435$21,276$14,549$9,768$6,462$1,695
33 years$29,191$20,149$13,584$8,982$5,848$1,457
34 years$28,023$19,097$12,692$8,264$5,295$1,253
35 years$26,924$18,113$11,867$7,608$4,796$1,077
36 years$25,888$17,192$11,101$7,007$4,345$926
37 years$24,911$16,328$10,390$6,456$3,938$797
38 years$23,987$15,518$9,730$5,950$3,570$685
39 years$23,113$14,756$9,116$5,486$3,238$589
40 years$22,285$14,039$8,544$5,060$2,937$507
41 years$21,499$13,364$8,012$4,669$2,664$436
42 years$20,752$12,727$7,515$4,309$2,418$375
43 years$20,042$12,126$7,052$3,978$2,194$323
44 years$19,367$11,559$6,620$3,673$1,992$278
45 years$18,723$11,023$6,216$3,392$1,808$239
46 years$18,109$10,515$5,838$3,133$1,642$206
47 years$17,523$10,035$5,485$2,895$1,491$177
48 years$16,963$9,579$5,154$2,675$1,354$152
49 years$16,427$9,148$4,845$2,472$1,229$131
50 years$15,914$8,738$4,555$2,285$1,117$113

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 $4,454 every year, while hoping to spend $21,771 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: 48/28/24 Blend
55$16,300,000$16,300,000$16,300,000$16,300,000
56$17,967,194$17,103,294$16,850,644$18,706,816
57$19,776,684$17,918,192$17,391,977$20,039,550
58$21,770,012$18,772,289$17,950,714$21,483,447
59$23,965,907$19,667,485$18,527,417$23,051,023
60$26,385,006$20,605,769$19,122,662$24,753,922
61$29,050,053$21,589,228$19,737,048$26,604,936
62$31,986,109$22,620,050$20,371,189$28,618,116
63$35,220,790$23,700,531$21,025,722$30,808,902
64$38,784,530$24,833,076$21,701,303$33,194,263
65$42,710,865$26,020,209$22,398,609$35,792,845
66$47,036,750$27,264,577$23,118,340$38,625,150
67$51,802,912$28,568,954$23,861,218$41,713,712
68$57,054,227$29,936,251$24,627,986$45,083,310
69$62,840,150$31,369,519$25,419,415$48,761,189
70$69,215,178$32,871,958$26,236,299$52,777,315
71$76,239,367$34,446,925$27,079,456$57,164,644
72$83,978,897$36,097,939$27,949,732$61,959,424
73$92,506,697$37,828,691$28,848,001$67,201,534
74$101,903,134$39,643,051$29,775,163$72,934,846
75$112,256,772$41,545,078$30,732,149$79,207,628
76$123,665,205$43,539,030$31,719,919$86,072,993
77$136,235,984$45,629,370$32,739,463$93,589,387
78$150,087,625$47,820,779$33,791,806$101,821,131
79$165,350,733$50,118,169$34,878,002$110,839,013
80$182,169,236$52,526,686$35,999,143$120,720,948
81$200,701,736$55,051,732$37,156,352$131,552,695
82$221,123,015$57,698,969$38,350,793$143,428,659
83$243,625,681$60,474,337$39,583,662$156,452,763
84$268,421,984$63,384,063$40,856,198$170,739,416
85$295,745,825$66,434,680$42,169,679$186,414,577
86$325,854,958$69,633,039$43,525,422$203,616,927
87$359,033,429$72,986,323$44,924,789$222,499,164
88$395,594,254$76,502,068$46,369,185$243,229,421
89$435,882,375$80,188,176$47,860,060$265,992,841
90$480,277,915$84,052,935$49,398,910$290,993,298
91$529,199,770$88,105,037$50,987,281$318,455,309
92$583,109,560$92,353,597$52,626,769$348,626,126
93$642,515,988$96,808,176$54,319,018$381,778,047
94$707,979,643$101,478,801$56,065,730$418,210,970
95$780,118,292$106,375,988$57,868,657$458,255,192
96$859,612,712$111,510,765$59,729,611$502,274,506
97$947,213,118$116,894,701$61,650,462$550,669,607
98$1,043,746,241$122,539,928$63,633,138$603,881,845
99$1,150,123,141$128,459,167$65,679,632$662,397,366
100$1,267,347,801$134,665,766$67,791,998$726,751,665