Can I retire at age 56 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,293,026
2 years$670,444$657,958$645,856$634,123$622,742$607,911
3 years$442,523$429,982$417,912$406,289$395,093$380,623
4 years$328,585$316,083$304,133$292,708$281,784$267,787
5 years$260,239$247,813$236,019$224,828$214,208$200,725
6 years$214,691$202,358$190,739$179,797$169,495$156,543
7 years$182,169$169,940$158,505$147,821$137,845$125,428
8 years$157,789$145,670$134,425$124,003$114,356$102,474
9 years$138,836$126,832$115,780$105,623$96,304$84,952
10 years$123,683$111,796$100,940$91,048$82,056$71,227
11 years$111,293$99,525$88,866$79,239$70,571$60,255
12 years$100,976$89,329$78,866$69,503$61,155$51,342
13 years$92,252$80,727$70,462$61,361$53,328$44,006
14 years$84,782$73,379$63,310$54,470$46,747$37,902
15 years$78,313$67,033$57,160$48,577$41,160$32,779
16 years$72,658$61,501$51,824$43,496$36,377$28,445
17 years$67,674$56,640$47,158$39,081$32,255$24,756
18 years$63,249$52,338$43,049$35,219$28,679$21,600
19 years$59,294$48,506$39,409$31,824$25,563$18,886
20 years$55,738$45,075$36,168$28,823$22,833$16,543
21 years$52,526$41,985$33,268$26,158$20,433$14,514
22 years$49,610$39,192$30,661$23,784$18,315$12,752
23 years$46,951$36,655$28,310$21,660$16,441$11,216
24 years$44,517$34,343$26,182$19,756$14,777$9,876
25 years$42,282$32,230$24,250$18,042$13,297$8,705
26 years$40,222$30,291$22,491$16,497$11,978$7,678
27 years$38,317$28,507$20,885$15,100$10,799$6,777
28 years$36,552$26,862$19,415$13,835$9,744$5,985
29 years$34,912$25,341$18,067$12,687$8,799$5,289
30 years$33,383$23,932$16,829$11,643$7,950$4,676
31 years$31,956$22,624$15,689$10,693$7,188$4,136
32 years$30,621$21,407$14,638$9,827$6,502$3,659
33 years$29,370$20,273$13,668$9,037$5,884$3,239
34 years$28,195$19,214$12,770$8,315$5,327$2,868
35 years$27,089$18,224$11,939$7,654$4,825$2,539
36 years$26,047$17,297$11,169$7,049$4,372$2,249
37 years$25,064$16,428$10,454$6,495$3,962$1,993
38 years$24,134$15,613$9,790$5,987$3,592$1,766
39 years$23,255$14,846$9,172$5,520$3,258$1,565
40 years$22,421$14,125$8,597$5,091$2,955$1,387
41 years$21,631$13,446$8,061$4,698$2,681$1,230
42 years$20,880$12,805$7,562$4,335$2,432$1,090
43 years$20,165$12,201$7,096$4,002$2,208$967
44 years$19,486$11,630$6,660$3,695$2,004$857
45 years$18,838$11,090$6,254$3,413$1,819$760
46 years$18,220$10,580$5,874$3,152$1,652$674
47 years$17,630$10,096$5,518$2,912$1,500$598
48 years$17,067$9,638$5,186$2,691$1,362$530
49 years$16,528$9,204$4,874$2,487$1,237$470
50 years$16,012$8,792$4,582$2,299$1,124$417

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,400,000, adding $2,241 every year, while hoping to spend $52,675 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: 54/29/17 Blend
55$16,400,000$16,400,000$16,400,000$16,400,000
56$18,075,112$17,205,912$16,951,712$18,968,505
57$19,862,727$17,992,955$17,463,548$20,366,009
58$21,830,914$18,816,799$17,990,766$21,880,621
59$23,998,035$19,679,190$18,533,824$23,528,129
60$26,384,324$20,581,960$19,093,197$25,321,213
61$29,012,077$21,527,027$19,669,370$27,273,811
62$31,905,862$22,516,405$20,262,847$29,401,244
63$35,092,751$23,552,200$20,874,144$31,720,354
64$38,602,577$24,636,623$21,503,793$34,249,659
65$42,468,211$25,771,989$22,152,342$37,009,521
66$46,725,877$26,960,725$22,820,354$40,022,335
67$51,415,492$28,205,376$23,508,411$43,312,729
68$56,581,040$29,508,607$24,217,110$46,907,795
69$62,270,990$30,873,213$24,947,068$50,837,333
70$68,538,754$32,302,123$25,698,918$55,134,131
71$75,443,188$33,798,408$26,473,312$59,834,262
72$83,049,148$35,365,286$27,270,924$64,977,418
73$91,428,106$37,006,129$28,092,444$70,607,276
74$100,658,817$38,724,474$28,938,585$76,771,906
75$110,828,070$40,524,026$29,810,081$83,524,209
76$122,031,501$42,408,672$30,707,687$90,922,411
77$134,374,500$44,382,482$31,632,180$99,030,603
78$147,973,202$46,449,727$32,584,361$107,919,334
79$162,955,585$48,614,880$33,565,054$117,666,269
80$179,462,679$50,882,633$34,575,107$128,356,907
81$197,649,893$53,257,903$35,615,394$140,085,378
82$217,688,487$55,745,845$36,686,815$152,955,323
83$239,767,184$58,351,863$37,790,294$167,080,854
84$264,093,953$61,081,621$38,926,786$182,587,621
85$290,897,975$63,941,059$40,097,272$199,613,982
86$320,431,800$66,936,402$41,302,762$218,312,298
87$352,973,735$70,074,178$42,544,296$238,850,352
88$388,830,471$73,361,228$43,822,945$261,412,920
89$428,339,977$76,804,725$45,139,811$286,203,496
90$471,874,689$80,412,192$46,496,030$313,446,198
91$519,845,029$84,191,511$47,892,769$343,387,863
92$572,703,277$88,150,949$49,331,231$376,300,360
93$630,947,838$92,299,173$50,812,654$412,483,135
94$695,127,952$96,645,267$52,338,313$452,266,018
95$765,848,877$101,198,759$53,909,519$496,012,314
96$843,777,598$105,969,634$55,527,625$544,122,209
97$929,649,132$110,968,364$57,194,019$597,036,525
98$1,024,273,458$116,205,929$58,910,133$655,240,859
99$1,128,543,168$121,693,837$60,677,440$719,270,134
100$1,243,441,895$127,444,159$62,497,457$789,713,629