Can I retire at age 56 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,339,137
2 years$690,884$678,017$665,547$653,456$641,728$633,162
3 years$456,014$443,092$430,653$418,676$407,139$398,763
4 years$338,602$325,719$313,405$301,632$290,375$282,255
5 years$268,174$255,368$243,215$231,683$220,738$212,898
6 years$221,236$208,527$196,554$185,278$174,663$167,113
7 years$187,723$175,121$163,337$152,328$142,048$134,791
8 years$162,599$150,111$138,523$127,784$117,842$110,879
9 years$143,069$130,698$119,310$108,843$99,240$92,569
10 years$127,454$115,204$104,017$93,824$84,558$78,175
11 years$114,686$102,560$91,575$81,655$72,722$66,624
12 years$104,054$92,052$81,270$71,622$63,020$57,200
13 years$95,065$83,188$72,610$63,232$54,954$49,408
14 years$87,366$75,616$65,240$56,130$48,173$42,893
15 years$80,700$69,076$58,903$50,058$42,415$37,395
16 years$74,873$63,376$53,404$44,822$37,487$32,718
17 years$69,737$58,367$48,596$40,272$33,238$28,715
18 years$65,177$53,934$44,362$36,293$29,554$25,267
19 years$61,101$49,985$40,611$32,794$26,342$22,284
20 years$57,438$46,449$37,271$29,701$23,529$19,692
21 years$54,127$43,265$34,282$26,956$21,056$17,431
22 years$51,122$40,386$31,596$24,509$18,874$15,453
23 years$48,382$37,773$29,173$22,321$16,942$13,717
24 years$45,874$35,391$26,980$20,358$15,228$12,190
25 years$43,571$33,212$24,989$18,592$13,703$10,844
26 years$41,448$31,214$23,176$17,000$12,343$9,656
27 years$39,485$29,376$21,521$15,560$11,128$8,604
28 years$37,666$27,681$20,007$14,256$10,041$7,673
29 years$35,976$26,114$18,618$13,073$9,067$6,846
30 years$34,401$24,662$17,342$11,998$8,193$6,112
31 years$32,931$23,314$16,167$11,019$7,407$5,459
32 years$31,555$22,059$15,084$10,127$6,700$4,878
33 years$30,265$20,891$14,084$9,313$6,064$4,361
34 years$29,054$19,800$13,160$8,568$5,490$3,900
35 years$27,915$18,780$12,303$7,888$4,972$3,488
36 years$26,841$17,825$11,510$7,264$4,505$3,121
37 years$25,828$16,929$10,773$6,693$4,083$2,794
38 years$24,870$16,089$10,088$6,169$3,702$2,501
39 years$23,964$15,299$9,452$5,688$3,357$2,239
40 years$23,105$14,556$8,859$5,247$3,045$2,005
41 years$22,290$13,856$8,307$4,841$2,762$1,796
42 years$21,516$13,196$7,792$4,467$2,507$1,609
43 years$20,780$12,573$7,312$4,124$2,275$1,441
44 years$20,080$11,984$6,863$3,808$2,065$1,291
45 years$19,412$11,428$6,445$3,517$1,875$1,157
46 years$18,775$10,902$6,053$3,248$1,702$1,037
47 years$18,168$10,404$5,687$3,001$1,545$929
48 years$17,587$9,932$5,344$2,773$1,404$833
49 years$17,032$9,484$5,023$2,563$1,275$747
50 years$16,500$9,060$4,722$2,369$1,158$669

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,900,000, adding $3,654 every year, while hoping to spend $47,491 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: 75/20/5 Blend
55$16,900,000$16,900,000$16,900,000$16,900,000
56$18,627,569$17,731,869$17,469,919$20,018,258
57$20,477,051$18,550,201$18,004,631$21,750,950
58$22,513,589$19,407,039$18,555,665$23,642,527
59$24,756,211$20,304,220$19,123,516$25,713,771
60$27,225,887$21,243,670$19,708,697$27,982,444
61$29,945,724$22,227,405$20,311,734$30,468,092
62$32,941,182$23,257,542$20,933,171$33,192,232
63$36,240,318$24,336,297$21,573,568$36,178,546
64$39,874,048$25,465,994$22,233,500$39,453,106
65$43,876,441$26,649,068$22,913,563$43,044,609
66$48,285,039$27,888,073$23,614,368$46,984,652
67$53,141,209$29,185,685$24,336,545$51,308,019
68$58,490,539$30,544,709$25,080,746$56,053,011
69$64,383,261$31,968,087$25,847,638$61,261,796
70$70,874,731$33,458,901$26,637,911$66,980,810
71$78,025,949$35,020,383$27,452,277$73,261,182
72$85,904,134$36,655,920$28,291,467$80,159,219
73$94,583,360$38,369,064$29,156,235$87,736,927
74$104,145,252$40,163,538$30,047,358$96,062,590
75$114,679,761$42,043,244$30,965,638$105,211,413
76$126,286,008$44,012,274$31,911,898$115,266,221
77$139,073,222$46,074,918$32,886,988$126,318,237
78$153,161,773$48,235,671$33,891,784$138,467,934
79$168,684,303$50,499,248$34,927,188$151,825,976
80$185,786,983$52,870,591$35,994,129$166,514,260
81$204,630,887$55,354,882$37,093,564$182,667,050
82$225,393,518$57,957,553$38,226,480$200,432,243
83$248,270,482$60,684,298$39,393,892$219,972,755
84$273,477,332$63,541,089$40,596,848$241,468,048
85$301,251,603$66,534,185$41,836,425$265,115,813
86$331,855,056$69,670,150$43,113,735$291,133,831
87$365,576,149$72,955,864$44,429,923$319,762,015
88$402,732,757$76,398,543$45,786,166$351,264,665
89$443,675,176$80,005,749$47,183,681$385,932,949
90$488,789,429$83,785,415$48,623,718$424,087,644
91$538,500,905$87,745,855$50,107,568$466,082,147
92$593,278,383$91,895,788$51,636,557$512,305,801
93$653,638,451$96,244,354$53,212,055$563,187,555
94$720,150,385$100,801,139$54,835,470$619,199,999
95$793,441,521$105,576,192$56,508,255$680,863,812
96$874,203,181$110,580,051$58,231,907$748,752,658
97$963,197,195$115,823,763$60,007,965$823,498,589
98$1,061,263,095$121,318,913$61,838,018$905,797,990
99$1,169,326,040$127,077,649$63,723,701$996,418,139
100$1,288,405,550$133,112,708$65,666,699$1,096,204,428