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%18.5%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,278,267
2 years$678,620$665,981$653,733$641,856$630,337$585,019
3 years$447,919$435,226$423,008$411,244$399,912$356,140
4 years$332,592$319,937$307,842$296,278$285,220$243,330
5 years$263,413$250,835$238,898$227,570$216,820$176,921
6 years$217,309$204,825$193,065$181,989$171,562$133,686
7 years$184,391$172,012$160,438$149,624$139,526$103,666
8 years$159,713$147,446$136,064$125,515$115,750$81,878
9 years$140,529$128,378$117,192$106,911$97,479$65,552
10 years$125,192$113,159$102,171$92,159$83,057$53,024
11 years$112,651$100,739$89,949$80,206$71,431$43,232
12 years$102,207$90,418$79,828$70,351$61,901$35,471
13 years$93,377$81,711$71,321$62,109$53,979$29,248
14 years$85,816$74,273$64,082$55,134$47,318$24,214
15 years$79,268$67,850$57,857$49,170$41,662$20,113
16 years$73,544$62,251$52,456$44,026$36,821$16,750
17 years$68,499$57,331$47,733$39,557$32,648$13,981
18 years$64,020$52,976$43,574$35,649$29,029$11,690
19 years$60,017$49,098$39,890$32,212$25,874$9,790
20 years$56,418$45,624$36,609$29,174$23,111$8,208
21 years$53,167$42,497$33,673$26,477$20,682$6,889
22 years$50,215$39,670$31,035$24,074$18,539$5,787
23 years$47,523$37,102$28,656$21,925$16,641$4,865
24 years$45,060$34,762$26,501$19,996$14,958$4,093
25 years$42,797$32,623$24,546$18,262$13,460$3,444
26 years$40,712$30,660$22,765$16,698$12,124$2,900
27 years$38,785$28,855$21,139$15,284$10,931$2,443
28 years$36,998$27,190$19,652$14,003$9,863$2,058
29 years$35,337$25,650$18,288$12,841$8,906$1,734
30 years$33,790$24,224$17,034$11,785$8,047$1,462
31 years$32,346$22,900$15,880$10,824$7,275$1,232
32 years$30,995$21,668$14,817$9,947$6,581$1,039
33 years$29,728$20,520$13,834$9,147$5,956$876
34 years$28,538$19,448$12,926$8,416$5,392$739
35 years$27,419$18,446$12,085$7,748$4,884$623
36 years$26,365$17,508$11,305$7,135$4,425$526
37 years$25,369$16,629$10,582$6,574$4,011$444
38 years$24,429$15,803$9,909$6,060$3,636$374
39 years$23,538$15,027$9,284$5,587$3,297$316
40 years$22,695$14,297$8,702$5,154$2,991$266
41 years$21,894$13,610$8,159$4,755$2,713$225
42 years$21,134$12,961$7,654$4,388$2,462$190
43 years$20,411$12,350$7,182$4,051$2,234$160
44 years$19,723$11,772$6,742$3,740$2,028$135
45 years$19,067$11,225$6,330$3,454$1,841$114
46 years$18,442$10,709$5,945$3,191$1,672$96
47 years$17,845$10,219$5,586$2,948$1,518$81
48 years$17,275$9,756$5,249$2,724$1,379$68
49 years$16,729$9,316$4,934$2,517$1,252$58
50 years$16,207$8,899$4,638$2,327$1,137$49

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 $4,712 every year, while hoping to spend $49,068 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: 68/6/26 Blend
55$16,600,000$16,600,000$16,600,000$16,600,000
56$18,298,060$17,418,260$17,160,960$19,419,068
57$20,112,255$18,219,547$17,683,645$20,974,059
58$22,109,852$19,058,453$18,222,194$22,668,626
59$24,309,508$19,936,768$18,777,089$24,521,485
60$26,731,779$20,856,371$19,348,823$26,548,290
61$29,399,317$21,819,229$19,937,905$28,766,277
62$32,337,082$22,827,406$20,544,859$31,194,421
63$35,572,579$23,883,063$21,170,226$33,853,614
64$39,136,115$24,988,467$21,814,562$36,766,859
65$43,061,089$26,145,992$22,478,440$39,959,488
66$47,384,302$27,358,128$23,162,450$43,459,395
67$52,146,310$28,627,484$23,867,200$47,297,295
68$57,391,799$29,956,797$24,593,317$51,507,019
69$63,170,015$31,348,933$25,341,446$56,125,821
70$69,535,223$32,806,897$26,112,251$61,194,734
71$76,547,221$34,333,840$26,906,417$66,758,950
72$84,271,905$35,933,065$27,724,649$72,868,247
73$92,781,887$37,608,033$28,567,672$79,577,450
74$102,157,186$39,362,374$29,436,236$86,946,953
75$112,485,980$41,199,890$30,331,111$95,043,279
76$123,865,436$43,124,571$31,253,089$103,939,705
77$136,402,632$45,140,597$32,202,990$113,716,955
78$150,215,565$47,252,350$33,181,654$124,463,953
79$165,434,262$49,464,425$34,189,949$136,278,658
80$182,202,013$51,781,638$35,228,768$149,268,990
81$200,676,718$54,209,038$36,299,031$163,553,838
82$221,032,381$56,751,919$37,401,687$179,264,181
83$243,460,751$59,415,830$38,537,710$196,544,321
84$268,173,131$62,206,589$39,708,107$215,553,237
85$295,402,375$65,130,296$40,913,913$236,466,081
86$325,405,082$68,193,346$42,156,195$259,475,829
87$358,464,023$71,402,443$43,436,050$284,795,095
88$394,890,806$74,764,615$44,754,610$312,658,132
89$435,028,820$78,287,233$46,113,041$343,323,040
90$479,256,474$81,978,022$47,512,543$377,074,193
91$527,990,773$85,845,083$48,954,351$414,224,919
92$581,691,249$89,896,910$50,439,739$455,120,451
93$640,864,305$94,142,407$51,970,019$500,141,180
94$706,067,990$98,590,910$53,546,540$549,706,236
95$777,917,269$103,252,210$55,170,694$604,277,440
96$857,089,831$108,136,568$56,843,913$664,363,656
97$944,332,482$113,254,748$58,567,672$730,525,585
98$1,040,468,197$118,618,033$60,343,491$803,381,050
99$1,146,403,890$124,238,253$62,172,934$883,610,823
100$1,263,138,973$130,127,814$64,057,614$971,965,036