Can I retire at age 56 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,291,641
2 years$682,708$669,993$657,671$645,723$634,134$594,131
3 years$450,618$437,848$425,556$413,721$402,321$363,609
4 years$334,595$321,865$309,696$298,063$286,938$249,816
5 years$265,000$252,346$240,337$228,941$218,126$182,693
6 years$218,618$206,059$194,228$183,086$172,596$138,883
7 years$185,501$173,048$161,404$150,525$140,367$108,373
8 years$160,675$148,334$136,884$126,272$116,448$86,154
9 years$141,376$129,152$117,898$107,555$98,066$69,440
10 years$125,946$113,841$102,786$92,714$83,557$56,558
11 years$113,329$101,346$90,491$80,689$71,862$46,443
12 years$102,823$90,963$80,309$70,775$62,274$38,384
13 years$93,940$82,204$71,750$62,484$54,304$31,888
14 years$86,333$74,721$64,468$55,466$47,603$26,602
15 years$79,745$68,259$58,206$49,466$41,913$22,269
16 years$73,987$62,626$52,772$44,291$37,043$18,694
17 years$68,912$57,676$48,021$39,795$32,845$15,729
18 years$64,405$53,296$43,837$35,864$29,204$13,261
19 years$60,378$49,394$40,130$32,406$26,030$11,197
20 years$56,758$45,899$36,830$29,350$23,251$9,468
21 years$53,487$42,753$33,876$26,637$20,807$8,015
22 years$50,517$39,909$31,222$24,219$18,650$6,791
23 years$47,810$37,326$28,828$22,057$16,742$5,759
24 years$45,332$34,972$26,661$20,117$15,048$4,887
25 years$43,055$32,819$24,694$18,372$13,541$4,149
26 years$40,957$30,845$22,902$16,798$12,197$3,524
27 years$39,018$29,029$21,267$15,376$10,997$2,995
28 years$37,221$27,353$19,770$14,088$9,922$2,546
29 years$35,550$25,805$18,398$12,919$8,960$2,165
30 years$33,994$24,370$17,137$11,856$8,096$1,842
31 years$32,541$23,038$15,976$10,889$7,319$1,567
32 years$31,182$21,798$14,906$10,007$6,621$1,333
33 years$29,907$20,643$13,918$9,202$5,992$1,135
34 years$28,710$19,565$13,004$8,467$5,425$966
35 years$27,584$18,557$12,158$7,794$4,914$822
36 years$26,523$17,614$11,373$7,178$4,452$700
37 years$25,522$16,729$10,645$6,614$4,035$596
38 years$24,576$15,898$9,969$6,096$3,658$507
39 years$23,680$15,118$9,340$5,621$3,317$432
40 years$22,832$14,383$8,754$5,185$3,009$368
41 years$22,026$13,692$8,209$4,783$2,730$313
42 years$21,262$13,039$7,700$4,415$2,477$267
43 years$20,534$12,424$7,225$4,075$2,248$227
44 years$19,842$11,843$6,782$3,763$2,040$193
45 years$19,182$11,293$6,368$3,475$1,852$165
46 years$18,553$10,773$5,981$3,210$1,682$140
47 years$17,953$10,281$5,619$2,966$1,527$120
48 years$17,379$9,814$5,281$2,740$1,387$102
49 years$16,830$9,372$4,963$2,533$1,260$87
50 years$16,305$8,953$4,666$2,341$1,144$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,700,000, adding $3,676 every year, while hoping to spend $25,028 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: 61/26/13 Blend
55$16,700,000$16,700,000$16,700,000$16,700,000
56$18,407,192$17,522,092$17,263,242$19,471,760
57$20,258,096$18,354,045$17,814,931$21,019,416
58$22,296,953$19,225,924$18,384,263$22,704,333
59$24,542,909$20,139,661$18,971,802$24,542,329
60$27,017,059$21,097,278$19,578,131$26,548,217
61$29,742,652$22,100,898$20,203,851$28,738,284
62$32,745,306$23,152,746$20,849,584$31,130,442
63$36,053,252$24,255,154$21,515,969$33,744,390
64$39,697,597$25,410,570$22,203,668$36,601,796
65$43,712,623$26,621,560$22,913,362$39,726,495
66$48,136,107$27,890,812$23,645,756$43,144,712
67$53,009,678$29,221,150$24,401,576$46,885,296
68$58,379,208$30,615,530$25,181,572$50,979,992
69$64,295,251$32,077,054$25,986,519$55,463,733
70$70,813,513$33,608,977$26,817,214$60,374,960
71$77,995,383$35,214,708$27,674,482$65,755,981
72$85,908,509$36,897,825$28,559,173$71,653,361
73$94,627,437$38,662,079$29,472,166$78,118,353
74$104,234,319$40,511,404$30,414,367$85,207,375
75$114,819,681$42,449,924$31,386,710$92,982,531
76$126,483,284$44,481,966$32,390,160$101,512,192
77$139,335,062$46,612,066$33,425,714$110,871,630
78$153,496,163$48,844,981$34,494,399$121,143,717
79$169,100,086$51,185,700$35,597,277$132,419,699
80$186,293,950$53,639,455$36,735,441$144,800,045
81$205,239,877$56,211,731$37,910,022$158,395,385
82$226,116,522$58,908,284$39,122,185$173,327,541
83$249,120,763$61,735,146$40,373,134$189,730,666
84$274,469,559$64,698,646$41,664,112$207,752,497
85$302,401,993$67,805,419$42,996,399$227,555,732
86$333,181,537$71,062,425$44,371,319$249,319,559
87$367,098,532$74,476,962$45,790,237$273,241,325
88$404,472,934$78,056,685$47,254,562$299,538,387
89$445,657,331$81,809,621$48,765,747$328,450,147
90$491,040,274$85,744,187$50,325,294$360,240,295
91$541,049,942$89,869,212$51,934,752$395,199,277
92$596,158,189$94,193,956$53,595,719$433,647,024
93$656,884,993$98,728,129$55,309,844$475,935,945
94$723,803,369$103,481,914$57,078,831$522,454,238
95$797,544,777$108,465,992$58,904,436$573,629,534
96$878,805,082$113,691,564$60,788,473$629,932,905
97$968,351,127$119,170,377$62,732,814$691,883,294
98$1,067,027,969$124,914,752$64,739,389$760,052,384
99$1,175,766,856$130,937,610$66,810,193$835,069,974
100$1,295,594,024$137,252,502$68,947,284$917,629,890