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%19%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,268,041
2 years$674,532$661,969$649,794$637,990$626,540$579,014
3 years$445,221$432,604$420,460$408,766$397,502$351,638
4 years$330,588$318,010$305,987$294,493$283,502$239,648
5 years$261,826$249,324$237,459$226,199$215,514$173,785
6 years$216,000$203,592$191,902$180,893$170,529$130,956
7 years$183,280$170,976$159,471$148,722$138,686$101,259
8 years$158,751$146,558$135,244$124,759$115,053$79,741
9 years$139,683$127,605$116,486$106,267$96,891$63,646
10 years$124,437$112,478$101,555$91,603$82,556$51,319
11 years$111,972$100,132$89,407$79,722$71,001$41,707
12 years$101,592$89,873$79,347$69,927$61,528$34,105
13 years$92,815$81,219$70,891$61,735$53,654$28,026
14 years$85,299$73,826$63,696$54,802$47,032$23,122
15 years$78,790$67,441$57,509$48,873$41,411$19,137
16 years$73,101$61,876$52,140$43,761$36,599$15,880
17 years$68,087$56,986$47,446$39,319$32,451$13,206
18 years$63,634$52,657$43,312$35,434$28,854$11,001
19 years$59,655$48,802$39,650$32,018$25,718$9,178
20 years$56,078$45,349$36,389$28,998$22,972$7,666
21 years$52,846$42,241$33,470$26,318$20,558$6,409
22 years$49,912$39,431$30,848$23,929$18,427$5,363
23 years$47,237$36,879$28,483$21,793$16,541$4,491
24 years$44,789$34,553$26,342$19,876$14,867$3,763
25 years$42,540$32,426$24,398$18,152$13,378$3,154
26 years$40,467$30,475$22,628$16,597$12,051$2,645
27 years$38,551$28,681$21,012$15,192$10,865$2,219
28 years$36,775$27,026$19,533$13,919$9,804$1,862
29 years$35,124$25,496$18,177$12,764$8,852$1,563
30 years$33,587$24,078$16,932$11,714$7,999$1,312
31 years$32,151$22,762$15,785$10,759$7,232$1,101
32 years$30,808$21,537$14,727$9,887$6,541$925
33 years$29,549$20,396$13,751$9,092$5,920$777
34 years$28,367$19,331$12,848$8,366$5,360$652
35 years$27,254$18,335$12,012$7,701$4,855$548
36 years$26,206$17,403$11,237$7,092$4,399$460
37 years$25,216$16,529$10,518$6,535$3,987$387
38 years$24,281$15,708$9,849$6,023$3,614$325
39 years$23,397$14,937$9,228$5,554$3,277$273
40 years$22,558$14,211$8,649$5,123$2,973$229
41 years$21,763$13,528$8,110$4,726$2,697$193
42 years$21,007$12,883$7,608$4,362$2,447$162
43 years$20,288$12,275$7,139$4,026$2,221$136
44 years$19,604$11,701$6,701$3,718$2,016$114
45 years$18,953$11,158$6,292$3,433$1,830$96
46 years$18,331$10,644$5,910$3,171$1,662$81
47 years$17,738$10,158$5,552$2,930$1,509$68
48 years$17,171$9,697$5,217$2,707$1,370$57
49 years$16,629$9,260$4,904$2,502$1,245$48
50 years$16,110$8,846$4,610$2,313$1,130$40

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 $2,576 every year, while hoping to spend $43,742 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: 68/18/14 Blend
55$16,500,000$16,500,000$16,500,000$16,500,000
56$18,185,657$17,311,157$17,055,407$19,363,823
57$19,994,053$18,112,863$17,580,222$20,950,354
58$21,985,439$18,952,386$18,121,152$22,679,526
59$24,178,435$19,831,533$18,678,692$24,569,665
60$26,593,556$20,752,199$19,253,348$26,636,577
61$29,253,410$21,716,369$19,845,647$28,897,653
62$32,182,910$22,726,123$20,456,129$31,372,033
63$35,409,507$23,783,643$21,085,349$34,080,780
64$38,963,451$24,891,215$21,733,882$37,047,078
65$42,878,075$26,051,238$22,402,320$40,296,444
66$47,190,113$27,266,222$23,091,272$43,856,966
67$51,940,040$28,538,803$23,801,365$47,759,564
68$57,172,461$29,871,741$24,533,247$52,038,278
69$62,936,526$31,267,930$25,287,585$56,730,582
70$69,286,399$32,730,406$26,065,067$61,877,738
71$76,281,765$34,262,350$26,866,400$67,525,174
72$83,988,396$35,867,095$27,692,315$73,722,912
73$92,478,768$37,548,138$28,543,563$80,526,032
74$101,832,750$39,309,145$29,420,920$87,995,190
75$112,138,354$41,153,957$30,325,185$96,197,179
76$123,492,568$43,086,603$31,257,180$105,205,557
77$136,002,269$45,111,305$32,217,755$115,101,336
78$149,785,234$47,232,492$33,207,783$125,973,734
79$164,971,249$49,454,805$34,228,165$137,921,015
80$181,703,337$51,783,112$35,279,829$151,051,409
81$200,139,106$54,222,513$36,363,732$165,484,122
82$220,452,237$56,778,359$37,480,859$181,350,458
83$242,834,125$59,456,257$38,632,227$198,795,045
84$267,495,681$62,262,090$39,818,883$217,977,196
85$294,669,329$65,202,021$41,041,904$239,072,398
86$324,611,196$68,282,515$42,302,403$262,273,966
87$357,603,529$71,510,350$43,601,525$287,794,849
88$393,957,363$74,892,631$44,940,450$315,869,637
89$434,015,454$78,436,809$46,320,395$346,756,762
90$478,155,515$82,150,697$47,742,612$380,740,923
91$526,793,782$86,042,486$49,208,395$418,135,764
92$580,388,944$90,120,765$50,719,072$459,286,824
93$639,446,472$94,394,538$52,276,017$504,574,781
94$704,523,390$98,873,248$53,880,642$554,419,035
95$776,233,536$103,566,797$55,534,403$609,281,651
96$855,253,352$108,485,566$57,238,801$669,671,706
97$942,328,275$113,640,440$58,995,382$736,150,081
98$1,038,279,771$119,042,834$60,805,740$809,334,735
99$1,144,013,092$124,704,716$62,671,516$889,906,525
100$1,260,525,818$130,638,638$64,594,402$978,615,614