Can I retire at age 56 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,341,541
2 years$699,060$686,041$673,423$661,189$649,323$627,181
3 years$461,411$448,335$435,749$423,630$411,957$390,400
4 years$342,609$329,574$317,114$305,202$293,811$273,005
5 years$271,347$258,390$246,093$234,424$223,351$203,356
6 years$223,855$210,995$198,880$187,471$176,730$157,569
7 years$189,945$177,193$165,270$154,130$143,729$125,408
8 years$164,524$151,887$140,162$129,296$119,237$101,752
9 years$144,762$132,245$120,722$110,132$100,415$83,757
10 years$128,962$116,568$105,248$94,934$85,558$69,714
11 years$116,044$103,773$92,659$82,621$73,583$58,536
12 years$105,286$93,141$82,232$72,470$63,765$49,496
13 years$96,190$84,173$73,469$63,980$55,605$42,092
14 years$88,400$76,511$66,012$56,794$48,743$35,965
15 years$81,655$69,894$59,600$50,651$42,917$30,850
16 years$75,759$64,126$54,036$45,352$37,930$26,549
17 years$70,563$59,058$49,171$40,749$33,631$22,911
18 years$65,948$54,572$44,887$36,723$29,904$19,818
19 years$61,824$50,577$41,092$33,182$26,654$17,177
20 years$58,117$46,998$37,712$30,053$23,808$14,913
21 years$54,768$43,777$34,688$27,275$21,305$12,966
22 years$51,727$40,864$31,970$24,799$19,097$11,288
23 years$48,955$38,220$29,519$22,585$17,143$9,838
24 years$46,417$35,809$27,300$20,599$15,408$8,582
25 years$44,086$33,605$25,285$18,812$13,865$7,493
26 years$41,938$31,584$23,451$17,201$12,489$6,546
27 years$39,953$29,724$21,776$15,744$11,260$5,723
28 years$38,112$28,009$20,244$14,425$10,160$5,006
29 years$36,402$26,423$18,838$13,228$9,174$4,380
30 years$34,808$24,954$17,547$12,140$8,290$3,835
31 years$33,320$23,589$16,359$11,150$7,495$3,358
32 years$31,928$22,320$15,263$10,247$6,779$2,942
33 years$30,624$21,138$14,251$9,423$6,135$2,578
34 years$29,398$20,034$13,315$8,670$5,555$2,260
35 years$28,245$19,002$12,449$7,981$5,031$1,981
36 years$27,159$18,035$11,646$7,350$4,559$1,737
37 years$26,133$17,130$10,900$6,772$4,132$1,523
38 years$25,164$16,279$10,208$6,242$3,746$1,336
39 years$24,247$15,480$9,563$5,756$3,397$1,172
40 years$23,378$14,728$8,964$5,309$3,081$1,028
41 years$22,554$14,020$8,405$4,898$2,795$902
42 years$21,771$13,352$7,884$4,520$2,536$792
43 years$21,026$12,722$7,398$4,173$2,302$695
44 years$20,317$12,126$6,945$3,853$2,089$610
45 years$19,642$11,564$6,521$3,558$1,897$535
46 years$18,998$11,031$6,125$3,287$1,722$469
47 years$18,383$10,527$5,754$3,037$1,564$412
48 years$17,795$10,049$5,407$2,806$1,420$362
49 years$17,233$9,597$5,082$2,593$1,290$317
50 years$16,696$9,167$4,778$2,397$1,172$279

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,100,000, adding $3,428 every year, while hoping to spend $45,798 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: 81/13/6 Blend
55$17,100,000$17,100,000$17,100,000$17,100,000
56$18,847,736$17,941,436$17,676,386$20,366,331
57$20,721,476$18,771,838$18,219,816$22,190,565
58$22,784,803$19,641,394$18,779,916$24,185,785
59$25,057,006$20,551,975$19,357,197$26,374,116
60$27,559,341$21,505,542$19,952,183$28,774,831
61$30,315,229$22,504,149$20,565,416$31,409,152
62$33,350,479$23,549,950$21,197,455$34,300,444
63$36,693,534$24,645,202$21,848,875$37,474,438
64$40,375,730$25,792,273$22,520,268$40,959,468
65$44,431,604$26,993,644$23,212,246$44,786,736
66$48,899,209$28,251,914$23,925,438$48,990,604
67$53,820,481$29,569,811$24,660,493$53,608,917
68$59,241,630$30,950,191$25,418,079$58,683,353
69$65,213,577$32,396,051$26,198,886$64,259,819
70$71,792,435$33,910,531$27,003,622$70,388,873
71$79,040,040$35,496,923$27,833,020$77,126,207
72$87,024,531$37,158,680$28,687,833$84,533,159
73$95,820,996$38,899,417$29,568,838$92,677,298
74$105,512,179$40,722,930$30,476,835$101,633,048
75$116,189,262$42,633,195$31,412,650$111,482,395
76$127,952,725$44,634,380$32,377,132$122,315,651
77$140,913,294$46,730,856$33,371,157$134,232,302
78$155,192,987$48,927,205$34,395,628$147,341,945
79$170,926,265$51,228,231$35,451,475$161,765,316
80$188,261,300$53,638,971$36,539,656$177,635,422
81$207,361,377$56,164,704$37,661,158$195,098,796
82$228,406,430$58,810,967$38,816,999$214,316,870
83$251,594,745$61,583,564$40,008,229$235,467,494
84$277,144,831$64,488,581$41,235,926$258,746,611
85$305,297,480$67,532,397$42,501,205$284,370,096
86$336,318,040$70,721,702$43,805,213$312,575,789
87$370,498,925$74,063,510$45,149,133$343,625,732
88$408,162,368$77,565,174$46,534,181$377,808,638
89$449,663,467$81,234,406$47,961,614$415,442,603
90$495,393,538$85,079,289$49,432,725$456,878,105
91$545,783,804$89,108,299$50,948,847$502,501,304
92$601,309,471$93,330,325$52,511,352$552,737,675
93$662,494,212$97,754,686$54,121,657$608,056,017
94$729,915,108$102,391,152$55,781,219$668,972,868
95$804,208,100$107,249,969$57,491,541$736,057,373
96$886,073,989$112,341,880$59,254,170$809,936,641
97$976,285,054$117,678,150$61,070,703$891,301,660
98$1,075,692,339$123,270,590$62,942,782$980,913,803
99$1,185,233,694$129,131,585$64,872,101$1,079,612,006
100$1,305,942,620$135,274,122$66,860,406$1,188,320,675