Can I retire at age 56 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,284,969
2 years$674,532$661,969$649,794$637,990$626,540$595,721
3 years$445,221$432,604$420,460$408,766$397,502$367,591
4 years$330,588$318,010$305,987$294,493$283,502$254,729
5 years$261,826$249,324$237,459$226,199$215,514$187,959
6 years$216,000$203,592$191,902$180,893$170,529$144,220
7 years$183,280$170,976$159,471$148,722$138,686$113,628
8 years$158,751$146,558$135,244$124,759$115,053$91,236
9 years$139,683$127,605$116,486$106,267$96,891$74,296
10 years$124,437$112,478$101,555$91,603$82,556$61,158
11 years$111,972$100,132$89,407$79,722$71,001$50,771
12 years$101,592$89,873$79,347$69,927$61,528$42,432
13 years$92,815$81,219$70,891$61,735$53,654$35,657
14 years$85,299$73,826$63,696$54,802$47,032$30,096
15 years$78,790$67,441$57,509$48,873$41,411$25,496
16 years$73,101$61,876$52,140$43,761$36,599$21,665
17 years$68,087$56,986$47,446$39,319$32,451$18,456
18 years$63,634$52,657$43,312$35,434$28,854$15,756
19 years$59,655$48,802$39,650$32,018$25,718$13,475
20 years$56,078$45,349$36,389$28,998$22,972$11,542
21 years$52,846$42,241$33,470$26,318$20,558$9,899
22 years$49,912$39,431$30,848$23,929$18,427$8,499
23 years$47,237$36,879$28,483$21,793$16,541$7,304
24 years$44,789$34,553$26,342$19,876$14,867$6,282
25 years$42,540$32,426$24,398$18,152$13,378$5,407
26 years$40,467$30,475$22,628$16,597$12,051$4,656
27 years$38,551$28,681$21,012$15,192$10,865$4,012
28 years$36,775$27,026$19,533$13,919$9,804$3,458
29 years$35,124$25,496$18,177$12,764$8,852$2,982
30 years$33,587$24,078$16,932$11,714$7,999$2,572
31 years$32,151$22,762$15,785$10,759$7,232$2,219
32 years$30,808$21,537$14,727$9,887$6,541$1,915
33 years$29,549$20,396$13,751$9,092$5,920$1,653
34 years$28,367$19,331$12,848$8,366$5,360$1,427
35 years$27,254$18,335$12,012$7,701$4,855$1,232
36 years$26,206$17,403$11,237$7,092$4,399$1,064
37 years$25,216$16,529$10,518$6,535$3,987$919
38 years$24,281$15,708$9,849$6,023$3,614$794
39 years$23,397$14,937$9,228$5,554$3,277$686
40 years$22,558$14,211$8,649$5,123$2,973$593
41 years$21,763$13,528$8,110$4,726$2,697$512
42 years$21,007$12,883$7,608$4,362$2,447$442
43 years$20,288$12,275$7,139$4,026$2,221$382
44 years$19,604$11,701$6,701$3,718$2,016$330
45 years$18,953$11,158$6,292$3,433$1,830$285
46 years$18,331$10,644$5,910$3,171$1,662$247
47 years$17,738$10,158$5,552$2,930$1,509$213
48 years$17,171$9,697$5,217$2,707$1,370$184
49 years$16,629$9,260$4,904$2,502$1,245$159
50 years$16,110$8,846$4,610$2,313$1,130$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,500,000, adding $5,741 every year, while hoping to spend $46,393 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: 35/41/24 Blend
55$16,500,000$16,500,000$16,500,000$16,500,000
56$18,188,922$17,314,422$17,058,672$18,693,082
57$19,994,830$18,113,467$17,580,776$19,866,313
58$21,983,386$18,950,110$18,118,815$21,126,686
59$24,173,171$19,826,145$18,673,275$22,485,690
60$26,584,659$20,743,451$19,244,654$23,952,156
61$29,240,413$21,703,998$19,833,469$25,535,761
62$32,165,294$22,709,853$20,440,248$27,247,113
63$35,386,696$23,763,178$21,065,539$29,097,845
64$38,934,809$24,866,243$21,709,904$31,100,718
65$42,842,897$26,021,427$22,373,924$33,269,727
66$47,147,617$27,231,222$23,058,195$35,620,232
67$51,889,364$28,498,241$23,763,334$38,169,090
68$57,112,648$29,825,224$24,489,975$40,934,804
69$62,866,520$31,215,042$25,238,771$43,937,690
70$69,205,031$32,670,705$26,010,396$47,200,058
71$76,187,744$34,195,369$26,805,544$50,746,410
72$83,880,292$35,792,341$27,624,928$54,603,661
73$92,355,005$37,465,088$28,469,286$58,801,382
74$101,691,584$39,217,247$29,339,376$63,372,067
75$111,977,860$41,052,626$30,235,980$68,351,423
76$123,310,619$42,975,222$31,159,902$73,778,701
77$135,796,516$44,989,222$32,111,973$79,697,043
78$149,553,084$47,099,017$33,093,047$86,153,883
79$164,709,839$49,309,209$34,104,005$93,201,374
80$181,409,507$51,624,625$35,145,753$100,896,864
81$199,809,368$54,050,323$36,219,227$109,303,426
82$220,082,742$56,591,607$37,325,389$118,490,428
83$242,420,623$59,254,037$38,465,231$128,534,176
84$267,033,486$62,043,444$39,639,776$139,518,610
85$294,153,268$64,965,940$40,850,075$151,536,078
86$324,035,563$68,027,932$42,097,214$164,688,188
87$356,962,030$71,236,140$43,382,310$179,086,744
88$393,243,054$74,597,608$44,706,515$194,854,776
89$433,220,675$78,119,721$46,071,013$212,127,679
90$477,271,819$81,810,222$47,477,027$231,054,469
91$525,811,853$85,677,231$48,925,815$251,799,156
92$579,298,507$89,729,261$50,418,675$274,542,269
93$638,236,195$93,975,235$51,956,942$299,482,532
94$703,180,779$98,424,514$53,541,991$326,838,707
95$774,744,813$103,086,909$55,175,242$356,851,628
96$853,603,324$107,972,708$56,858,153$389,786,442
97$940,500,192$113,092,700$58,592,230$425,935,074
98$1,036,255,164$118,458,194$60,379,022$465,618,952
99$1,141,771,598$124,081,053$62,220,127$509,191,997
100$1,258,044,988$129,973,712$64,117,188$557,043,929