Can I retire at age 56 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,302,314
2 years$678,620$665,981$653,733$641,856$630,337$608,843
3 years$447,919$435,226$423,008$411,244$399,912$378,985
4 years$332,592$319,937$307,842$296,278$285,220$265,023
5 years$263,413$250,835$238,898$227,570$216,820$197,410
6 years$217,309$204,825$193,065$181,989$171,562$152,962
7 years$184,391$172,012$160,438$149,624$139,526$121,741
8 years$159,713$147,446$136,064$125,515$115,750$98,777
9 years$140,529$128,378$117,192$106,911$97,479$81,308
10 years$125,192$113,159$102,171$92,159$83,057$67,676
11 years$112,651$100,739$89,949$80,206$71,431$56,824
12 years$102,207$90,418$79,828$70,351$61,901$48,049
13 years$93,377$81,711$71,321$62,109$53,979$40,862
14 years$85,816$74,273$64,082$55,134$47,318$34,913
15 years$79,268$67,850$57,857$49,170$41,662$29,948
16 years$73,544$62,251$52,456$44,026$36,821$25,773
17 years$68,499$57,331$47,733$39,557$32,648$22,241
18 years$64,020$52,976$43,574$35,649$29,029$19,238
19 years$60,017$49,098$39,890$32,212$25,874$16,674
20 years$56,418$45,624$36,609$29,174$23,111$14,477
21 years$53,167$42,497$33,673$26,477$20,682$12,587
22 years$50,215$39,670$31,035$24,074$18,539$10,958
23 years$47,523$37,102$28,656$21,925$16,641$9,550
24 years$45,060$34,762$26,501$19,996$14,958$8,331
25 years$42,797$32,623$24,546$18,262$13,460$7,274
26 years$40,712$30,660$22,765$16,698$12,124$6,355
27 years$38,785$28,855$21,139$15,284$10,931$5,555
28 years$36,998$27,190$19,652$14,003$9,863$4,859
29 years$35,337$25,650$18,288$12,841$8,906$4,252
30 years$33,790$24,224$17,034$11,785$8,047$3,723
31 years$32,346$22,900$15,880$10,824$7,275$3,260
32 years$30,995$21,668$14,817$9,947$6,581$2,856
33 years$29,728$20,520$13,834$9,147$5,956$2,503
34 years$28,538$19,448$12,926$8,416$5,392$2,194
35 years$27,419$18,446$12,085$7,748$4,884$1,923
36 years$26,365$17,508$11,305$7,135$4,425$1,686
37 years$25,369$16,629$10,582$6,574$4,011$1,479
38 years$24,429$15,803$9,909$6,060$3,636$1,297
39 years$23,538$15,027$9,284$5,587$3,297$1,138
40 years$22,695$14,297$8,702$5,154$2,991$998
41 years$21,894$13,610$8,159$4,755$2,713$876
42 years$21,134$12,961$7,654$4,388$2,462$768
43 years$20,411$12,350$7,182$4,051$2,234$674
44 years$19,723$11,772$6,742$3,740$2,028$592
45 years$19,067$11,225$6,330$3,454$1,841$519
46 years$18,442$10,709$5,945$3,191$1,672$456
47 years$17,845$10,219$5,586$2,948$1,518$400
48 years$17,275$9,756$5,249$2,724$1,379$351
49 years$16,729$9,316$4,934$2,517$1,252$308
50 years$16,207$8,899$4,638$2,327$1,137$271

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,600,000, adding $6,143 every year, while hoping to spend $43,804 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: 66/5/29 Blend
55$16,600,000$16,600,000$16,600,000$16,600,000
56$18,299,537$17,419,737$17,162,437$19,366,620
57$20,119,482$18,226,696$17,690,771$20,895,186
58$22,123,594$19,071,729$18,235,337$22,560,470
59$24,330,611$19,956,654$18,796,631$24,380,440
60$26,761,182$20,883,379$19,375,166$26,370,370
61$29,438,059$21,853,901$19,971,471$28,547,070
62$32,386,316$22,870,318$20,586,091$30,929,050
63$35,633,581$23,934,824$21,219,585$33,536,688
64$39,210,299$25,049,722$21,872,534$36,392,422
65$43,150,017$26,217,427$22,545,532$39,520,956
66$47,489,706$27,440,467$23,239,193$42,949,497
67$52,270,101$28,721,496$23,954,152$46,708,003
68$57,536,095$30,063,293$24,691,060$50,829,465
69$63,337,156$31,468,773$25,450,589$55,350,216
70$69,727,795$32,940,992$26,233,433$60,310,272
71$76,768,081$34,483,152$27,040,304$65,753,706
72$84,524,211$36,098,612$27,871,940$71,729,058
73$93,069,128$37,790,891$28,729,097$78,289,796
74$102,483,215$39,563,681$29,612,558$85,494,811
75$112,855,051$41,420,850$30,523,127$93,408,973
76$124,282,249$43,366,454$31,461,635$102,103,738
77$136,872,375$45,404,747$32,428,936$111,657,822
78$150,743,964$47,540,186$33,425,912$122,157,935
79$166,027,638$49,777,446$34,453,470$133,699,600
80$182,867,344$52,121,427$35,512,548$146,388,049
81$201,421,703$54,577,266$36,604,108$160,339,209
82$221,865,516$57,150,352$37,729,145$175,680,797
83$244,391,410$59,846,331$38,888,683$192,553,519
84$269,211,657$62,671,124$40,083,777$211,112,391
85$296,560,177$65,630,941$41,315,515$231,528,199
86$326,694,748$68,732,290$42,585,018$253,989,108
87$359,899,437$71,981,996$43,893,440$278,702,430
88$396,487,281$75,387,215$45,241,972$305,896,575
89$436,803,245$78,955,450$46,631,839$335,823,206
90$481,227,477$82,694,568$48,064,307$368,759,602
91$530,178,895$86,612,818$49,540,677$405,011,274
92$584,119,144$90,718,847$51,062,290$444,914,842
93$643,556,951$95,021,725$52,630,531$488,841,205
94$709,052,930$99,530,960$54,246,825$537,199,034
95$781,224,874$104,256,522$55,912,638$590,438,625
96$860,753,585$109,208,866$57,629,486$649,056,142
97$948,389,304$114,398,953$59,398,927$713,598,292
98$1,044,958,790$119,838,279$61,222,568$784,667,480
99$1,151,373,128$125,538,896$63,102,066$862,927,483
100$1,268,636,327$131,513,442$65,039,125$949,109,713