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%18%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,296,253
2 years$686,796$674,005$661,609$649,590$637,931$594,612
3 years$453,316$440,470$428,105$416,198$404,730$362,852
4 years$336,599$323,792$311,551$299,847$288,657$248,542
5 years$266,587$253,857$241,776$230,312$219,432$181,188
6 years$219,927$207,293$195,391$184,182$173,629$137,286
7 years$186,612$174,085$162,371$151,426$141,207$106,762
8 years$161,637$149,223$137,703$127,028$117,145$84,573
9 years$142,223$129,925$118,604$108,199$98,653$67,917
10 years$126,700$114,523$103,402$93,269$84,057$55,110
11 years$114,008$101,953$91,033$81,172$72,292$45,079
12 years$103,439$91,507$80,790$71,199$62,647$37,109
13 years$94,503$82,696$72,180$62,858$54,629$30,703
14 years$86,849$75,168$64,854$55,798$47,888$25,508
15 years$80,223$68,668$58,555$49,762$42,164$21,262
16 years$74,430$63,001$53,088$44,557$37,265$17,772
17 years$69,325$58,022$48,308$40,034$33,041$14,888
18 years$64,791$53,615$44,099$36,078$29,379$12,495
19 years$60,740$49,690$40,371$32,600$26,186$10,503
20 years$57,098$46,174$37,050$29,526$23,390$8,840
21 years$53,807$43,009$34,079$26,796$20,931$7,449
22 years$50,820$40,148$31,409$24,364$18,762$6,282
23 years$48,096$37,549$29,001$22,189$16,842$5,302
24 years$45,603$35,181$26,821$20,237$15,138$4,478
25 years$43,313$33,016$24,841$18,482$13,622$3,784
26 years$41,203$31,029$23,039$16,899$12,270$3,198
27 years$39,252$29,202$21,394$15,468$11,062$2,705
28 years$37,444$27,517$19,888$14,172$9,982$2,288
29 years$35,763$25,959$18,508$12,996$9,013$1,936
30 years$34,198$24,516$17,239$11,927$8,144$1,639
31 years$32,736$23,176$16,072$10,954$7,363$1,387
32 years$31,368$21,929$14,995$10,067$6,660$1,175
33 years$30,086$20,767$14,001$9,258$6,028$995
34 years$28,882$19,682$13,082$8,518$5,457$842
35 years$27,750$18,668$12,231$7,841$4,943$714
36 years$26,682$17,719$11,441$7,221$4,479$604
37 years$25,675$16,829$10,709$6,654$4,059$512
38 years$24,723$15,994$10,028$6,133$3,680$434
39 years$23,822$15,208$9,396$5,655$3,337$367
40 years$22,968$14,469$8,807$5,216$3,027$311
41 years$22,158$13,774$8,258$4,812$2,746$264
42 years$21,389$13,117$7,746$4,441$2,492$224
43 years$20,657$12,498$7,269$4,100$2,261$189
44 years$19,961$11,913$6,823$3,785$2,053$160
45 years$19,297$11,361$6,406$3,496$1,863$136
46 years$18,664$10,838$6,017$3,229$1,692$115
47 years$18,060$10,342$5,653$2,983$1,536$98
48 years$17,483$9,873$5,312$2,757$1,395$83
49 years$16,931$9,428$4,993$2,548$1,267$70
50 years$16,403$9,006$4,694$2,355$1,151$59

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 $2,880 every year, while hoping to spend $46,873 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: 37/40/23 Blend
55$16,800,000$16,800,000$16,800,000$16,800,000
56$18,516,571$17,626,171$17,365,771$19,073,625
57$20,355,388$18,439,981$17,897,652$20,294,727
58$22,380,195$19,292,096$18,445,779$21,608,264
59$24,609,910$20,184,345$19,010,649$23,026,174
60$27,065,386$21,118,642$19,592,770$24,557,882
61$29,769,596$22,096,996$20,192,668$26,213,725
62$32,747,856$23,121,511$20,810,885$28,005,036
63$36,028,065$24,194,392$21,447,977$29,944,249
64$39,640,963$25,317,953$22,104,519$32,045,004
65$43,620,424$26,494,615$22,781,104$34,322,272
66$48,003,777$27,726,921$23,478,340$36,792,484
67$52,832,155$29,017,534$24,196,858$39,473,678
68$58,150,886$30,369,243$24,937,303$42,385,661
69$64,009,917$31,784,977$25,700,344$45,550,187
70$70,464,291$33,267,803$26,486,667$48,991,148
71$77,574,659$34,820,936$27,296,981$52,734,793
72$85,407,860$36,447,748$28,132,016$56,809,962
73$94,037,545$38,151,771$28,992,522$61,248,348
74$103,544,879$39,936,712$29,879,275$66,084,782
75$114,019,298$41,806,452$30,793,073$71,357,553
76$125,559,363$43,765,065$31,734,738$77,108,750
77$138,273,683$45,816,818$32,705,116$83,384,650
78$152,281,942$47,966,185$33,705,081$90,236,138
79$167,716,030$50,217,859$34,735,531$97,719,175
80$184,721,287$52,576,756$35,797,393$105,895,304
81$203,457,874$55,048,033$36,891,622$114,832,220
82$224,102,287$57,637,095$38,019,200$124,604,389
83$246,849,018$60,349,611$39,181,142$135,293,734
84$271,912,397$63,191,521$40,378,489$146,990,386
85$299,528,611$66,169,056$41,612,318$159,793,519
86$329,957,936$69,288,745$42,883,737$173,812,259
87$363,487,190$72,557,438$44,193,887$189,166,701
88$400,432,444$75,982,314$45,543,943$205,989,011
89$441,142,005$79,570,899$46,935,117$224,424,654
90$485,999,704$83,331,087$48,368,658$244,633,743
91$535,428,516$87,271,153$49,845,850$266,792,518
92$589,894,557$91,399,772$51,368,018$291,094,991
93$649,911,483$95,726,042$52,936,528$317,754,740
94$716,045,338$100,259,501$54,552,785$347,006,902
95$788,919,896$105,010,151$56,218,237$379,110,355
96$869,222,554$109,988,477$57,934,377$414,350,134
97$957,710,818$115,205,475$59,702,742$453,040,083
98$1,055,219,453$120,672,675$61,524,915$495,525,783
99$1,162,668,365$126,402,164$63,402,528$542,187,779
100$1,281,071,287$132,406,619$65,337,261$593,445,128