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%11.9%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,313,165
2 years$678,620$665,981$653,733$641,856$630,337$619,710
3 years$447,919$435,226$423,008$411,244$399,912$389,529
4 years$332,592$319,937$307,842$296,278$285,220$275,162
5 years$263,413$250,835$238,898$227,570$216,820$207,116
6 years$217,309$204,825$193,065$181,989$171,562$162,225
7 years$184,391$172,012$160,438$149,624$139,526$130,559
8 years$159,713$147,446$136,064$125,515$115,750$107,154
9 years$140,529$128,378$117,192$106,911$97,479$89,251
10 years$125,192$113,159$102,171$92,159$83,057$75,192
11 years$112,651$100,739$89,949$80,206$71,431$63,925
12 years$102,207$90,418$79,828$70,351$61,901$54,745
13 years$93,377$81,711$71,321$62,109$53,979$47,166
14 years$85,816$74,273$64,082$55,134$47,318$40,839
15 years$79,268$67,850$57,857$49,170$41,662$35,509
16 years$73,544$62,251$52,456$44,026$36,821$30,984
17 years$68,499$57,331$47,733$39,557$32,648$27,118
18 years$64,020$52,976$43,574$35,649$29,029$23,795
19 years$60,017$49,098$39,890$32,212$25,874$20,925
20 years$56,418$45,624$36,609$29,174$23,111$18,437
21 years$53,167$42,497$33,673$26,477$20,682$16,273
22 years$50,215$39,670$31,035$24,074$18,539$14,383
23 years$47,523$37,102$28,656$21,925$16,641$12,729
24 years$45,060$34,762$26,501$19,996$14,958$11,277
25 years$42,797$32,623$24,546$18,262$13,460$10,001
26 years$40,712$30,660$22,765$16,698$12,124$8,877
27 years$38,785$28,855$21,139$15,284$10,931$7,886
28 years$36,998$27,190$19,652$14,003$9,863$7,009
29 years$35,337$25,650$18,288$12,841$8,906$6,234
30 years$33,790$24,224$17,034$11,785$8,047$5,548
31 years$32,346$22,900$15,880$10,824$7,275$4,939
32 years$30,995$21,668$14,817$9,947$6,581$4,399
33 years$29,728$20,520$13,834$9,147$5,956$3,920
34 years$28,538$19,448$12,926$8,416$5,392$3,493
35 years$27,419$18,446$12,085$7,748$4,884$3,114
36 years$26,365$17,508$11,305$7,135$4,425$2,777
37 years$25,369$16,629$10,582$6,574$4,011$2,477
38 years$24,429$15,803$9,909$6,060$3,636$2,210
39 years$23,538$15,027$9,284$5,587$3,297$1,972
40 years$22,695$14,297$8,702$5,154$2,991$1,760
41 years$21,894$13,610$8,159$4,755$2,713$1,571
42 years$21,134$12,961$7,654$4,388$2,462$1,402
43 years$20,411$12,350$7,182$4,051$2,234$1,252
44 years$19,723$11,772$6,742$3,740$2,028$1,118
45 years$19,067$11,225$6,330$3,454$1,841$998
46 years$18,442$10,709$5,945$3,191$1,672$892
47 years$17,845$10,219$5,586$2,948$1,518$796
48 years$17,275$9,756$5,249$2,724$1,379$711
49 years$16,729$9,316$4,934$2,517$1,252$635
50 years$16,207$8,899$4,638$2,327$1,137$567

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 $3,507 every year, while hoping to spend $45,289 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: 65/18/17 Blend
55$16,600,000$16,600,000$16,600,000$16,600,000
56$18,296,817$17,417,017$17,159,717$19,409,276
57$20,114,906$18,222,264$17,686,381$20,960,338
58$22,116,921$19,065,450$18,229,170$22,649,080
59$24,321,576$19,948,386$18,788,576$24,493,402
60$26,749,491$20,872,972$19,365,108$26,508,522
61$29,423,388$21,841,195$19,959,287$28,711,183
62$32,368,303$22,855,144$20,571,653$31,119,808
63$35,611,828$23,917,003$21,202,761$33,754,670
64$39,184,363$25,029,066$21,853,182$36,638,081
65$43,119,411$26,193,733$22,523,507$39,794,593
66$47,453,889$27,413,524$23,214,342$43,251,234
67$52,228,477$28,691,078$23,926,314$47,037,751
68$57,488,003$30,029,162$24,660,067$51,186,891
69$63,281,866$31,430,677$25,416,266$55,734,702
70$69,664,500$32,898,664$26,195,595$60,720,870
71$76,695,891$34,436,311$26,998,759$66,189,090
72$84,442,141$36,046,960$27,826,487$72,187,468
73$92,976,092$37,734,113$28,679,527$78,768,976
74$102,378,012$39,501,444$29,558,650$85,991,938
75$112,736,357$41,352,802$30,464,652$93,920,581
76$124,148,600$43,292,224$31,398,352$102,625,633
77$136,722,156$45,323,941$32,360,596$112,184,983
78$150,575,391$47,452,390$33,352,251$122,684,406
79$165,838,746$49,682,222$34,374,216$134,218,373
80$182,655,960$52,018,312$35,427,414$146,890,928
81$201,185,431$54,465,773$36,512,796$160,816,665
82$221,601,714$57,029,965$37,631,344$176,121,800
83$244,097,161$59,716,506$38,784,066$192,945,356
84$268,883,745$62,531,288$39,972,006$211,440,463
85$296,195,053$65,480,487$41,196,234$231,775,795
86$326,288,497$68,570,580$42,457,857$254,137,153
87$359,447,742$71,808,356$43,758,013$278,729,210
88$395,985,381$75,200,934$45,097,875$305,777,425
89$436,245,888$78,755,779$46,478,653$335,530,169
90$480,608,873$82,480,716$47,901,592$368,261,052
91$529,492,658$86,383,951$49,367,975$404,271,493
92$583,358,232$90,474,088$50,879,125$443,893,557
93$642,713,600$94,760,147$52,436,405$487,493,071
94$708,118,580$99,251,587$54,041,217$535,473,063
95$780,190,086$103,958,325$55,695,008$588,277,559
96$859,607,953$108,890,761$57,399,269$646,395,748
97$947,121,354$114,059,799$59,155,535$710,366,594
98$1,043,555,875$119,476,871$60,965,387$780,783,898
99$1,149,821,302$125,153,966$62,830,456$858,301,894
100$1,266,920,220$131,103,655$64,752,421$943,641,399