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%13.7%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,334,795
2 years$694,972$682,029$669,485$657,323$645,526$624,612
3 years$458,713$445,714$433,201$421,153$409,548$389,179
4 years$340,606$327,647$315,260$303,417$292,093$272,427
5 years$269,760$256,879$244,654$233,053$222,044$203,137
6 years$222,546$209,761$197,717$186,375$175,696$157,570
7 years$188,834$176,157$164,304$153,229$142,888$125,549
8 years$163,562$150,999$139,343$128,540$118,539$101,985
9 years$143,916$131,472$120,016$109,487$99,827$84,048
10 years$128,208$115,886$104,632$94,379$85,058$70,042
11 years$115,365$103,166$92,117$82,138$73,153$58,885
12 years$104,670$92,597$81,751$72,046$63,393$49,855
13 years$95,628$83,680$73,039$63,606$55,280$42,454
14 years$87,883$76,063$65,626$56,462$48,458$36,322
15 years$81,178$69,485$59,252$50,355$42,666$31,199
16 years$75,316$63,751$53,720$45,087$37,708$26,887
17 years$70,150$58,712$48,883$40,510$33,435$23,236
18 years$65,562$54,253$44,624$36,508$29,729$20,128
19 years$61,463$50,281$40,851$32,988$26,498$17,471
20 years$57,778$46,724$37,491$29,877$23,668$15,191
21 years$54,448$43,521$34,485$27,115$21,180$13,228
22 years$51,425$40,625$31,783$24,654$18,985$11,534
23 years$48,669$37,996$29,346$22,453$17,042$10,067
24 years$46,146$35,600$27,140$20,478$15,318$8,796
25 years$43,829$33,409$25,137$18,702$13,784$7,692
26 years$41,693$31,399$23,313$17,100$12,416$6,731
27 years$39,719$29,550$21,649$15,652$11,194$5,894
28 years$37,889$27,845$20,125$14,341$10,101$5,163
29 years$36,189$26,268$18,728$13,151$9,121$4,526
30 years$34,605$24,808$17,445$12,069$8,241$3,969
31 years$33,126$23,452$16,263$11,085$7,451$3,481
32 years$31,742$22,190$15,174$10,187$6,740$3,055
33 years$30,445$21,014$14,168$9,368$6,099$2,681
34 years$29,226$19,917$13,238$8,619$5,522$2,354
35 years$28,080$18,891$12,376$7,934$5,002$2,067
36 years$27,000$17,930$11,578$7,307$4,532$1,816
37 years$25,981$17,029$10,836$6,733$4,107$1,595
38 years$25,017$16,184$10,148$6,206$3,724$1,401
39 years$24,106$15,389$9,507$5,722$3,377$1,231
40 years$23,242$14,642$8,911$5,278$3,063$1,082
41 years$22,422$13,938$8,356$4,869$2,779$951
42 years$21,643$13,274$7,838$4,494$2,521$836
43 years$20,903$12,647$7,355$4,148$2,288$735
44 years$20,198$12,055$6,904$3,830$2,077$646
45 years$19,527$11,496$6,483$3,537$1,886$568
46 years$18,886$10,967$6,089$3,268$1,712$499
47 years$18,275$10,465$5,720$3,019$1,555$439
48 years$17,691$9,991$5,375$2,790$1,412$386
49 years$17,132$9,541$5,053$2,578$1,282$339
50 years$16,598$9,114$4,750$2,383$1,165$298

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 $4,470 every year, while hoping to spend $50,786 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: 82/10/8 Blend
55$17,000,000$17,000,000$17,000,000$17,000,000
56$18,738,611$17,837,611$17,574,111$20,256,731
57$20,595,913$18,657,618$18,108,808$22,070,640
58$22,640,958$19,516,103$18,659,715$24,054,384
59$24,892,842$20,414,898$19,227,321$26,230,650
60$27,372,607$21,355,923$19,812,132$28,618,696
61$30,103,440$22,341,191$20,414,665$31,239,728
62$33,110,891$23,372,809$21,035,457$34,117,101
63$36,423,115$24,452,989$21,675,057$37,276,533
64$40,071,135$25,584,048$22,334,033$40,746,349
65$44,089,138$26,768,414$23,012,971$44,557,745
66$48,514,796$28,008,632$23,712,471$48,745,079
67$53,389,621$29,307,371$24,433,155$53,346,195
68$58,759,357$30,667,426$25,175,660$58,402,775
69$64,674,411$32,091,731$25,940,645$63,960,732
70$71,190,332$33,583,357$26,728,788$70,070,639
71$78,368,330$35,145,525$27,540,786$76,788,204
72$86,275,855$36,781,611$28,377,358$84,174,794
73$94,987,238$38,495,156$29,239,245$92,298,007
74$104,584,386$40,289,868$30,127,210$101,232,311
75$115,157,559$42,169,638$31,042,037$111,059,742
76$126,806,222$44,138,541$31,984,537$121,870,674
77$139,639,979$46,200,853$32,955,541$133,764,670
78$153,779,615$48,361,052$33,955,910$146,851,415
79$169,358,229$50,623,837$34,986,526$161,251,748
80$186,522,494$52,994,130$36,048,300$177,098,803
81$205,434,040$55,477,095$37,142,170$194,539,254
82$226,270,981$58,078,141$38,269,102$213,734,699
83$249,229,594$60,802,943$39,430,090$234,863,179
84$274,526,173$63,657,448$40,626,158$258,120,856
85$302,399,071$66,647,891$41,858,363$283,723,856
86$333,110,948$69,780,809$43,127,790$311,910,306
87$366,951,253$73,063,057$44,435,558$342,942,575
88$404,238,952$76,501,819$45,782,821$377,109,743
89$445,325,545$80,104,628$47,170,766$414,730,328
90$490,598,379$83,879,382$48,600,614$456,155,282
91$540,484,305$87,834,363$50,073,626$501,771,298
92$595,453,709$91,978,252$51,591,098$552,004,455
93$656,024,953$96,320,152$53,154,365$607,324,230
94$722,769,265$100,869,607$54,764,803$668,247,923
95$796,316,134$105,636,622$56,423,829$735,345,533
96$877,359,253$110,631,690$58,132,900$809,245,131
97$966,663,065$115,865,810$59,893,520$890,638,775
98$1,065,069,980$121,350,517$61,707,236$980,289,040
99$1,173,508,330$127,097,905$63,575,640$1,079,036,205
100$1,293,001,130$133,120,652$65,500,374$1,187,806,173