Can I retire at age 56 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,306,467
2 years$694,972$682,029$669,485$657,323$645,526$596,560
3 years$458,713$445,714$433,201$421,153$409,548$362,294
4 years$340,606$327,647$315,260$303,417$292,093$246,910
5 years$269,760$256,879$244,654$233,053$222,044$179,051
6 years$222,546$209,761$197,717$186,375$175,696$134,924
7 years$188,834$176,157$164,304$153,229$142,888$104,328
8 years$163,562$150,999$139,343$128,540$118,539$82,157
9 years$143,916$131,472$120,016$109,487$99,827$65,574
10 years$128,208$115,886$104,632$94,379$85,058$52,874
11 years$115,365$103,166$92,117$82,138$73,153$42,971
12 years$104,670$92,597$81,751$72,046$63,393$35,139
13 years$95,628$83,680$73,039$63,606$55,280$28,876
14 years$87,883$76,063$65,626$56,462$48,458$23,823
15 years$81,178$69,485$59,252$50,355$42,666$19,717
16 years$75,316$63,751$53,720$45,087$37,708$16,361
17 years$70,150$58,712$48,883$40,510$33,435$13,606
18 years$65,562$54,253$44,624$36,508$29,729$11,334
19 years$61,463$50,281$40,851$32,988$26,498$9,456
20 years$57,778$46,724$37,491$29,877$23,668$7,898
21 years$54,448$43,521$34,485$27,115$21,180$6,603
22 years$51,425$40,625$31,783$24,654$18,985$5,526
23 years$48,669$37,996$29,346$22,453$17,042$4,627
24 years$46,146$35,600$27,140$20,478$15,318$3,877
25 years$43,829$33,409$25,137$18,702$13,784$3,250
26 years$41,693$31,399$23,313$17,100$12,416$2,725
27 years$39,719$29,550$21,649$15,652$11,194$2,286
28 years$37,889$27,845$20,125$14,341$10,101$1,918
29 years$36,189$26,268$18,728$13,151$9,121$1,610
30 years$34,605$24,808$17,445$12,069$8,241$1,351
31 years$33,126$23,452$16,263$11,085$7,451$1,135
32 years$31,742$22,190$15,174$10,187$6,740$953
33 years$30,445$21,014$14,168$9,368$6,099$800
34 years$29,226$19,917$13,238$8,619$5,522$672
35 years$28,080$18,891$12,376$7,934$5,002$565
36 years$27,000$17,930$11,578$7,307$4,532$474
37 years$25,981$17,029$10,836$6,733$4,107$398
38 years$25,017$16,184$10,148$6,206$3,724$335
39 years$24,106$15,389$9,507$5,722$3,377$281
40 years$23,242$14,642$8,911$5,278$3,063$236
41 years$22,422$13,938$8,356$4,869$2,779$199
42 years$21,643$13,274$7,838$4,494$2,521$167
43 years$20,903$12,647$7,355$4,148$2,288$140
44 years$20,198$12,055$6,904$3,830$2,077$118
45 years$19,527$11,496$6,483$3,537$1,886$99
46 years$18,886$10,967$6,089$3,268$1,712$83
47 years$18,275$10,465$5,720$3,019$1,555$70
48 years$17,691$9,991$5,375$2,790$1,412$59
49 years$17,132$9,541$5,053$2,578$1,282$49
50 years$16,598$9,114$4,750$2,383$1,165$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,000,000, adding $6,159 every year, while hoping to spend $43,293 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: 65/5/30 Blend
55$17,000,000$17,000,000$17,000,000$17,000,000
56$18,740,353$17,839,353$17,575,853$19,808,282
57$20,605,806$18,667,418$18,118,581$21,360,340
58$22,660,083$19,534,607$18,678,039$23,050,878
59$24,922,401$20,442,792$19,254,742$24,897,935
60$27,413,931$21,393,933$19,849,221$26,916,945
61$30,158,004$22,390,089$20,462,022$29,124,898
62$33,180,330$23,433,413$21,093,710$31,540,497
63$36,509,240$24,526,166$21,744,865$34,184,333
64$40,175,950$25,670,716$22,416,085$37,079,079
65$44,214,862$26,869,546$23,107,989$40,249,697
66$48,663,883$28,125,259$23,821,212$43,723,674
67$53,564,786$29,440,583$24,556,410$47,531,279
68$58,963,603$30,818,381$25,314,258$51,705,844
69$64,911,058$32,261,649$26,095,453$56,284,076
70$71,463,048$33,773,532$26,900,714$61,306,402
71$78,681,170$35,357,326$27,730,778$66,817,345
72$86,633,300$37,016,486$28,586,410$72,865,944
73$95,394,237$38,754,634$29,468,396$79,506,211
74$105,046,407$40,575,568$30,377,544$86,797,637
75$115,680,639$42,483,270$31,314,690$94,805,753
76$127,397,027$44,481,913$32,280,696$103,602,740
77$140,305,871$46,575,874$33,276,446$113,268,112
78$154,528,720$48,769,741$34,302,856$123,889,458
79$170,199,515$51,068,325$35,360,868$135,563,265
80$187,465,861$53,476,669$36,451,453$148,395,828
81$206,490,414$56,000,060$37,575,611$162,504,246
82$227,452,416$58,644,043$38,734,374$178,017,520
83$250,549,392$61,414,430$39,928,805$195,077,772
84$275,999,009$64,317,317$41,159,999$213,841,577
85$304,041,135$67,359,092$42,429,087$234,481,438
86$334,940,100$70,546,457$43,737,230$257,187,406
87$368,987,193$73,886,436$45,085,630$282,168,873
88$406,503,410$77,386,395$46,475,522$309,656,539
89$447,842,487$81,054,057$47,908,181$339,904,583
90$493,394,234$84,897,520$49,384,919$373,193,060
91$543,588,222$88,925,274$50,907,090$409,830,537
92$598,897,832$93,146,224$52,476,088$450,156,995
93$659,844,726$97,569,703$54,093,352$494,547,038
94$727,003,771$102,205,502$55,760,362$543,413,415
95$801,008,467$107,063,884$57,478,647$597,210,916
96$882,556,928$112,155,611$59,249,778$656,440,650
97$972,418,468$117,491,969$61,075,379$721,654,774
98$1,071,440,868$123,084,792$62,957,120$793,461,691
99$1,180,558,377$128,946,488$64,896,725$872,531,792
100$1,300,800,535$135,090,069$66,895,969$959,603,767