Can I retire at age 56 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,328,431
2 years$686,796$674,005$661,609$649,590$637,931$626,618
3 years$453,316$440,470$428,105$416,198$404,730$393,679
4 years$336,599$323,792$311,551$299,847$288,657$277,954
5 years$266,587$253,857$241,776$230,312$219,432$209,108
6 years$219,927$207,293$195,391$184,182$173,629$163,697
7 years$186,612$174,085$162,371$151,426$141,207$131,671
8 years$161,637$149,223$137,703$127,028$117,145$108,005
9 years$142,223$129,925$118,604$108,199$98,653$89,907
10 years$126,700$114,523$103,402$93,269$84,057$75,700
11 years$114,008$101,953$91,033$81,172$72,292$64,317
12 years$103,439$91,507$80,790$71,199$62,647$55,046
13 years$94,503$82,696$72,180$62,858$54,629$47,395
14 years$86,849$75,168$64,854$55,798$47,888$41,010
15 years$80,223$68,668$58,555$49,762$42,164$35,634
16 years$74,430$63,001$53,088$44,557$37,265$31,072
17 years$69,325$58,022$48,308$40,034$33,041$27,175
18 years$64,791$53,615$44,099$36,078$29,379$23,828
19 years$60,740$49,690$40,371$32,600$26,186$20,940
20 years$57,098$46,174$37,050$29,526$23,390$18,437
21 years$53,807$43,009$34,079$26,796$20,931$16,260
22 years$50,820$40,148$31,409$24,364$18,762$14,361
23 years$48,096$37,549$29,001$22,189$16,842$12,700
24 years$45,603$35,181$26,821$20,237$15,138$11,243
25 years$43,313$33,016$24,841$18,482$13,622$9,963
26 years$41,203$31,029$23,039$16,899$12,270$8,837
27 years$39,252$29,202$21,394$15,468$11,062$7,843
28 years$37,444$27,517$19,888$14,172$9,982$6,966
29 years$35,763$25,959$18,508$12,996$9,013$6,191
30 years$34,198$24,516$17,239$11,927$8,144$5,505
31 years$32,736$23,176$16,072$10,954$7,363$4,897
32 years$31,368$21,929$14,995$10,067$6,660$4,358
33 years$30,086$20,767$14,001$9,258$6,028$3,879
34 years$28,882$19,682$13,082$8,518$5,457$3,455
35 years$27,750$18,668$12,231$7,841$4,943$3,077
36 years$26,682$17,719$11,441$7,221$4,479$2,742
37 years$25,675$16,829$10,709$6,654$4,059$2,444
38 years$24,723$15,994$10,028$6,133$3,680$2,178
39 years$23,822$15,208$9,396$5,655$3,337$1,942
40 years$22,968$14,469$8,807$5,216$3,027$1,732
41 years$22,158$13,774$8,258$4,812$2,746$1,544
42 years$21,389$13,117$7,746$4,441$2,492$1,378
43 years$20,657$12,498$7,269$4,100$2,261$1,229
44 years$19,961$11,913$6,823$3,785$2,053$1,096
45 years$19,297$11,361$6,406$3,496$1,863$978
46 years$18,664$10,838$6,017$3,229$1,692$873
47 years$18,060$10,342$5,653$2,983$1,536$779
48 years$17,483$9,873$5,312$2,757$1,395$695
49 years$16,931$9,428$4,993$2,548$1,267$620
50 years$16,403$9,006$4,694$2,355$1,151$554

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,800,000, adding $2,184 every year, while hoping to spend $38,625 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: 69/24/7 Blend
55$16,800,000$16,800,000$16,800,000$16,800,000
56$18,515,853$17,625,453$17,365,053$19,772,553
57$20,363,373$18,448,003$17,905,685$21,427,230
58$22,398,046$19,309,564$18,463,135$23,231,699
59$24,638,920$20,212,006$19,037,923$25,204,509
60$27,106,986$21,157,291$19,630,589$27,362,155
61$29,825,374$22,147,473$20,241,689$29,722,781
62$32,819,572$23,184,709$20,871,796$32,306,353
63$36,117,666$24,271,258$21,521,499$35,134,838
64$39,750,607$25,409,488$22,191,408$38,232,410
65$43,752,499$26,601,883$22,882,150$41,625,674
66$48,160,925$27,851,047$23,594,374$45,343,909
67$53,017,299$29,159,708$24,328,745$49,419,340
68$58,367,258$30,530,728$25,085,953$53,887,439
69$64,261,092$31,967,108$25,866,706$58,787,253
70$70,754,219$33,471,992$26,671,736$64,161,765
71$77,907,707$35,048,677$27,501,797$70,058,295
72$85,788,853$36,700,622$28,357,667$76,528,941
73$94,471,815$38,431,451$29,240,147$83,631,062
74$104,038,312$40,244,964$30,150,064$91,427,812
75$114,578,398$42,145,146$31,088,270$99,988,733
76$126,191,311$44,136,174$32,055,643$109,390,397
77$138,986,408$46,222,430$33,053,090$119,717,125
78$153,084,197$48,408,504$34,081,544$131,061,775
79$168,617,477$50,699,214$35,141,969$143,526,607
80$185,732,592$53,099,606$36,235,356$157,224,237
81$204,590,805$55,614,977$37,362,730$172,278,699
82$225,369,832$58,250,875$38,525,146$188,826,594
83$248,265,509$61,013,122$39,723,692$207,018,378
84$273,493,645$63,907,819$40,959,490$227,019,766
85$301,292,060$66,941,365$42,233,696$249,013,285
86$331,922,828$70,120,470$43,547,503$273,199,988
87$365,674,753$73,452,169$44,902,140$299,801,335
88$402,866,091$76,943,839$46,298,876$329,061,272
89$443,847,560$80,603,215$47,739,016$361,248,519
90$489,005,647$84,438,408$49,223,908$396,659,093
91$538,766,256$88,457,923$50,754,942$435,619,085
92$593,598,731$92,670,678$52,333,550$478,487,724
93$654,020,285$97,086,026$53,961,208$525,660,750
94$720,600,884$101,713,771$55,639,438$577,574,133
95$793,968,626$106,564,198$57,369,811$634,708,168
96$874,815,671$111,648,088$59,153,945$697,591,993
97$963,904,776$116,976,751$60,993,508$766,808,560
98$1,062,076,493$122,562,041$62,890,220$843,000,119
99$1,170,257,108$128,416,394$64,845,856$926,874,257
100$1,289,467,383$134,552,848$66,862,242$1,019,210,558