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%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,296,802
2 years$670,444$657,958$645,856$634,123$622,742$611,699
3 years$442,523$429,982$417,912$406,289$395,093$384,306
4 years$328,585$316,083$304,133$292,708$281,784$271,336
5 years$260,239$247,813$236,019$224,828$214,208$204,129
6 years$214,691$202,358$190,739$179,797$169,495$159,799
7 years$182,169$169,940$158,505$147,821$137,845$128,536
8 years$157,789$145,670$134,425$124,003$114,356$105,434
9 years$138,836$126,832$115,780$105,623$96,304$87,766
10 years$123,683$111,796$100,940$91,048$82,056$73,897
11 years$111,293$99,525$88,866$79,239$70,571$62,785
12 years$100,976$89,329$78,866$69,503$61,155$53,735
13 years$92,252$80,727$70,462$61,361$53,328$46,266
14 years$84,782$73,379$63,310$54,470$46,747$40,034
15 years$78,313$67,033$57,160$48,577$41,160$34,786
16 years$72,658$61,501$51,824$43,496$36,377$30,332
17 years$67,674$56,640$47,158$39,081$32,255$26,528
18 years$63,249$52,338$43,049$35,219$28,679$23,261
19 years$59,294$48,506$39,409$31,824$25,563$20,441
20 years$55,738$45,075$36,168$28,823$22,833$17,998
21 years$52,526$41,985$33,268$26,158$20,433$15,873
22 years$49,610$39,192$30,661$23,784$18,315$14,019
23 years$46,951$36,655$28,310$21,660$16,441$12,397
24 years$44,517$34,343$26,182$19,756$14,777$10,975
25 years$42,282$32,230$24,250$18,042$13,297$9,726
26 years$40,222$30,291$22,491$16,497$11,978$8,626
27 years$38,317$28,507$20,885$15,100$10,799$7,656
28 years$36,552$26,862$19,415$13,835$9,744$6,800
29 years$34,912$25,341$18,067$12,687$8,799$6,043
30 years$33,383$23,932$16,829$11,643$7,950$5,374
31 years$31,956$22,624$15,689$10,693$7,188$4,780
32 years$30,621$21,407$14,638$9,827$6,502$4,254
33 years$29,370$20,273$13,668$9,037$5,884$3,787
34 years$28,195$19,214$12,770$8,315$5,327$3,373
35 years$27,089$18,224$11,939$7,654$4,825$3,004
36 years$26,047$17,297$11,169$7,049$4,372$2,677
37 years$25,064$16,428$10,454$6,495$3,962$2,386
38 years$24,134$15,613$9,790$5,987$3,592$2,126
39 years$23,255$14,846$9,172$5,520$3,258$1,896
40 years$22,421$14,125$8,597$5,091$2,955$1,691
41 years$21,631$13,446$8,061$4,698$2,681$1,508
42 years$20,880$12,805$7,562$4,335$2,432$1,345
43 years$20,165$12,201$7,096$4,002$2,208$1,200
44 years$19,486$11,630$6,660$3,695$2,004$1,070
45 years$18,838$11,090$6,254$3,413$1,819$955
46 years$18,220$10,580$5,874$3,152$1,652$852
47 years$17,630$10,096$5,518$2,912$1,500$760
48 years$17,067$9,638$5,186$2,691$1,362$678
49 years$16,528$9,204$4,874$2,487$1,237$605
50 years$16,012$8,792$4,582$2,299$1,124$540

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 $2,009 every year, while hoping to spend $48,335 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: 34/50/16 Blend
55$16,400,000$16,400,000$16,400,000$16,400,000
56$18,074,872$17,205,672$16,951,472$18,599,630
57$19,867,081$17,997,322$17,467,919$19,775,208
58$21,840,475$18,826,143$18,000,046$21,037,413
59$24,013,485$19,693,905$18,548,328$22,397,509
60$26,406,418$20,602,463$19,113,255$23,864,159
61$29,041,652$21,553,764$19,695,328$25,446,852
62$31,943,845$22,549,843$20,295,067$27,155,981
63$35,140,171$23,592,839$20,913,005$29,002,936
64$38,660,571$24,684,991$21,549,693$31,000,202
65$42,538,039$25,828,645$22,205,698$33,161,465
66$46,808,932$27,026,262$22,881,602$35,501,735
67$51,513,315$28,280,421$23,578,007$38,037,475
68$56,695,336$29,593,824$24,295,533$40,786,747
69$62,403,645$30,969,306$25,034,818$43,769,372
70$68,691,850$32,409,835$25,796,518$47,007,101
71$75,619,028$33,918,527$26,581,311$50,523,814
72$83,250,278$35,498,643$27,389,893$54,345,730
73$91,657,335$37,153,605$28,222,983$58,501,641
74$100,919,251$38,887,000$29,081,322$63,023,167
75$111,123,138$40,702,587$29,965,669$67,945,048
76$122,364,991$42,604,306$30,876,812$73,305,446
77$134,750,592$44,596,289$31,815,557$79,146,297
78$148,396,512$46,682,867$32,782,738$85,513,688
79$163,431,209$48,868,580$33,779,212$92,458,273
80$179,996,240$51,158,188$34,805,863$100,035,732
81$198,247,598$53,556,680$35,863,601$108,307,281
82$218,357,184$56,069,289$36,953,363$117,340,227
83$240,514,431$58,701,498$38,076,115$127,208,583
84$264,928,088$61,459,057$39,232,850$137,993,744
85$291,828,196$64,347,994$40,424,593$149,785,232
86$321,468,254$67,374,628$41,652,400$162,681,517
87$354,127,616$70,545,585$42,917,355$176,790,924
88$390,114,126$73,867,811$44,220,579$192,232,623
89$429,767,022$77,348,589$45,563,224$209,137,732
90$473,460,143$80,995,555$46,946,477$227,650,521
91$521,605,455$84,816,714$48,371,561$247,929,747
92$574,656,938$88,820,460$49,839,735$270,150,119
93$633,114,876$93,015,593$51,352,297$294,503,913
94$697,530,576$97,411,339$52,910,581$321,202,754
95$768,511,574$102,017,374$54,515,965$350,479,575
96$846,727,369$106,843,840$56,169,864$382,590,779
97$932,915,745$111,901,373$57,873,739$417,818,619
98$1,027,889,735$117,201,123$59,629,093$456,473,819
99$1,132,545,293$122,754,784$61,437,473$498,898,466
100$1,247,869,759$128,574,615$63,300,474$545,469,189