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%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,293,721
2 years$682,708$669,993$657,671$645,723$634,134$596,185
3 years$450,618$437,848$425,556$413,721$402,321$365,571
4 years$334,595$321,865$309,696$298,063$286,938$251,672
5 years$265,000$252,346$240,337$228,941$218,126$184,438
6 years$218,618$206,059$194,228$183,086$172,596$140,517
7 years$185,501$173,048$161,404$150,525$140,367$109,898
8 years$160,675$148,334$136,884$126,272$116,448$87,572
9 years$141,376$129,152$117,898$107,555$98,066$70,754
10 years$125,946$113,841$102,786$92,714$83,557$57,773
11 years$113,329$101,346$90,491$80,689$71,862$47,563
12 years$102,823$90,963$80,309$70,775$62,274$39,414
13 years$93,940$82,204$71,750$62,484$54,304$32,832
14 years$86,333$74,721$64,468$55,466$47,603$27,466
15 years$79,745$68,259$58,206$49,466$41,913$23,057
16 years$73,987$62,626$52,772$44,291$37,043$19,411
17 years$68,912$57,676$48,021$39,795$32,845$16,381
18 years$64,405$53,296$43,837$35,864$29,204$13,851
19 years$60,378$49,394$40,130$32,406$26,030$11,731
20 years$56,758$45,899$36,830$29,350$23,251$9,949
21 years$53,487$42,753$33,876$26,637$20,807$8,448
22 years$50,517$39,909$31,222$24,219$18,650$7,180
23 years$47,810$37,326$28,828$22,057$16,742$6,108
24 years$45,332$34,972$26,661$20,117$15,048$5,200
25 years$43,055$32,819$24,694$18,372$13,541$4,429
26 years$40,957$30,845$22,902$16,798$12,197$3,774
27 years$39,018$29,029$21,267$15,376$10,997$3,218
28 years$37,221$27,353$19,770$14,088$9,922$2,745
29 years$35,550$25,805$18,398$12,919$8,960$2,342
30 years$33,994$24,370$17,137$11,856$8,096$1,998
31 years$32,541$23,038$15,976$10,889$7,319$1,706
32 years$31,182$21,798$14,906$10,007$6,621$1,456
33 years$29,907$20,643$13,918$9,202$5,992$1,243
34 years$28,710$19,565$13,004$8,467$5,425$1,062
35 years$27,584$18,557$12,158$7,794$4,914$907
36 years$26,523$17,614$11,373$7,178$4,452$775
37 years$25,522$16,729$10,645$6,614$4,035$662
38 years$24,576$15,898$9,969$6,096$3,658$565
39 years$23,680$15,118$9,340$5,621$3,317$483
40 years$22,832$14,383$8,754$5,185$3,009$413
41 years$22,026$13,692$8,209$4,783$2,730$353
42 years$21,262$13,039$7,700$4,415$2,477$301
43 years$20,534$12,424$7,225$4,075$2,248$258
44 years$19,842$11,843$6,782$3,763$2,040$220
45 years$19,182$11,293$6,368$3,475$1,852$188
46 years$18,553$10,773$5,981$3,210$1,682$161
47 years$17,953$10,281$5,619$2,966$1,527$137
48 years$17,379$9,814$5,281$2,740$1,387$117
49 years$16,830$9,372$4,963$2,533$1,260$100
50 years$16,305$8,953$4,666$2,341$1,144$86

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 $5,429 every year, while hoping to spend $20,155 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: 31/49/20 Blend
55$16,700,000$16,700,000$16,700,000$16,700,000
56$18,409,000$17,523,900$17,265,050$18,864,679
57$20,265,273$18,361,126$17,821,984$20,045,966
58$22,310,211$19,238,701$18,396,901$21,314,517
59$24,563,035$20,158,581$18,990,380$22,679,670
60$27,044,929$21,122,815$19,603,022$24,149,838
61$29,779,235$22,133,556$20,235,446$25,734,231
62$32,791,675$23,193,058$20,888,291$27,442,926
63$36,110,595$24,303,687$21,562,218$29,286,960
64$39,767,231$25,467,924$22,257,908$31,278,419
65$43,796,005$26,688,368$22,976,064$33,430,545
66$48,234,848$27,967,749$23,717,413$35,757,848
67$53,125,560$29,308,926$24,482,704$38,276,233
68$58,514,204$30,714,900$25,272,711$41,003,137
69$64,451,539$32,188,816$26,088,233$43,957,685
70$70,993,502$33,733,975$26,930,095$47,160,851
71$78,201,734$35,353,835$27,799,149$50,635,648
72$86,144,164$37,052,025$28,696,272$54,407,328
73$94,895,645$38,832,351$29,622,374$58,503,607
74$104,538,668$40,698,803$30,578,391$62,954,910
75$115,164,135$42,655,567$31,565,290$67,794,641
76$126,872,219$44,707,032$32,584,070$73,059,486
77$139,773,310$46,857,802$33,635,760$78,789,734
78$153,989,056$49,112,702$34,721,427$85,029,644
79$169,653,512$51,476,798$35,842,167$91,827,842
80$186,914,407$53,955,397$36,999,116$99,237,758
81$205,934,534$56,554,069$38,193,444$107,318,111
82$226,893,293$59,278,654$39,426,361$116,133,439
83$249,988,378$62,135,277$40,699,113$125,754,684
84$275,437,648$65,130,362$42,012,989$136,259,840
85$303,481,184$68,270,645$43,369,320$147,734,660
86$334,383,550$71,563,193$44,769,478$160,273,442
87$368,436,297$75,015,414$46,214,880$173,979,886
88$405,960,712$78,635,082$47,706,991$188,968,048
89$447,310,850$82,430,346$49,247,321$205,363,382
90$492,876,880$86,409,756$50,837,429$223,303,895
91$543,088,765$90,582,278$52,478,926$242,941,411
92$598,420,323$94,957,314$54,173,475$264,442,975
93$659,393,700$99,544,726$55,922,790$287,992,384
94$726,584,299$104,354,859$57,728,645$313,791,891
95$800,626,210$109,398,560$59,592,867$342,064,069
96$882,218,202$114,687,207$61,517,346$373,053,869
97$972,130,312$120,232,734$63,504,031$407,030,889
98$1,071,211,121$126,047,656$65,554,934$444,291,871
99$1,180,395,764$132,145,100$67,672,133$485,163,451
100$1,300,714,756$138,538,833$69,857,773$530,005,194