Can I retire at age 56 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,352,732
2 years$703,148$690,053$677,361$665,056$653,120$634,192
3 years$464,109$450,957$438,298$426,108$414,366$395,919
4 years$344,613$331,501$318,968$306,987$295,529$277,705
5 years$272,934$259,901$247,533$235,795$224,657$207,507
6 years$225,164$212,229$200,043$188,567$177,763$161,309
7 years$191,055$178,229$166,237$155,032$144,569$128,815
8 years$165,486$152,776$140,982$130,052$119,934$104,879
9 years$145,609$133,019$121,428$110,776$101,002$86,639
10 years$129,717$117,249$105,863$95,490$86,059$72,377
11 years$116,722$104,380$93,200$83,105$74,013$61,000
12 years$105,901$93,686$82,713$72,894$64,138$51,779
13 years$96,753$84,665$73,899$64,354$55,930$44,207
14 years$88,917$76,958$66,398$57,127$49,028$37,924
15 years$82,133$70,302$59,949$50,947$43,168$32,664
16 years$76,202$64,501$54,352$45,617$38,152$28,228
17 years$70,975$59,403$49,458$40,987$33,828$24,464
18 years$66,334$54,891$45,149$36,937$30,078$21,253
19 years$62,186$50,873$41,332$33,376$26,810$18,501
20 years$58,457$47,273$37,932$30,229$23,947$16,135
21 years$55,088$44,033$34,890$27,434$21,430$14,092
22 years$52,030$41,103$32,157$24,944$19,209$12,325
23 years$49,241$38,443$29,691$22,717$17,243$10,791
24 years$46,689$36,019$27,459$20,719$15,498$9,458
25 years$44,344$33,802$25,433$18,922$13,946$8,296
26 years$42,184$31,768$23,588$17,301$12,562$7,283
27 years$40,186$29,898$21,903$15,836$11,326$6,398
28 years$38,335$28,172$20,362$14,509$10,219$5,623
29 years$36,615$26,577$18,949$13,305$9,228$4,945
30 years$35,012$25,100$17,650$12,211$8,338$4,351
31 years$33,515$23,727$16,454$11,215$7,538$3,829
32 years$32,115$22,451$15,352$10,307$6,819$3,371
33 years$30,803$21,261$14,334$9,478$6,171$2,969
34 years$29,570$20,151$13,393$8,721$5,587$2,615
35 years$28,410$19,113$12,522$8,028$5,061$2,304
36 years$27,318$18,141$11,714$7,393$4,585$2,031
37 years$26,286$17,230$10,964$6,812$4,156$1,790
38 years$25,312$16,374$10,267$6,279$3,768$1,578
39 years$24,389$15,570$9,619$5,789$3,417$1,391
40 years$23,515$14,814$9,016$5,340$3,099$1,227
41 years$22,686$14,102$8,454$4,927$2,811$1,082
42 years$21,898$13,430$7,930$4,547$2,551$954
43 years$21,149$12,796$7,442$4,197$2,315$842
44 years$20,436$12,197$6,985$3,875$2,102$743
45 years$19,757$11,631$6,559$3,579$1,908$655
46 years$19,109$11,096$6,160$3,306$1,732$578
47 years$18,490$10,589$5,788$3,054$1,573$510
48 years$17,899$10,108$5,439$2,822$1,428$450
49 years$17,334$9,653$5,112$2,608$1,297$397
50 years$16,793$9,221$4,806$2,411$1,178$350

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,200,000, adding $3,837 every year, while hoping to spend $35,090 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: 52/38/10 Blend
55$17,200,000$17,200,000$17,200,000$17,200,000
56$18,958,358$18,046,758$17,780,158$19,894,978
57$20,854,775$18,893,714$18,338,458$21,380,112
58$22,943,450$19,780,994$18,914,284$22,990,295
59$25,243,958$20,710,538$19,508,188$24,740,583
60$27,777,865$21,684,378$20,120,737$26,644,207
61$30,568,941$22,704,646$20,752,515$28,715,695
62$33,643,375$23,773,576$21,404,126$30,971,009
63$37,030,027$24,893,509$22,076,192$33,427,685
64$40,760,702$26,066,903$22,769,357$36,104,994
65$44,870,444$27,296,332$23,484,281$39,024,113
66$49,397,873$28,584,496$24,221,648$42,208,319
67$54,385,545$29,934,225$24,982,162$45,683,199
68$59,880,355$31,348,487$25,766,549$49,476,885
69$65,933,983$32,830,394$26,575,559$53,620,308
70$72,603,373$34,383,207$27,409,965$58,147,482
71$79,951,282$36,010,349$28,270,563$63,095,814
72$88,046,861$37,715,405$29,158,176$68,506,445
73$96,966,317$39,502,136$30,073,651$74,424,631
74$106,793,626$41,374,485$31,017,863$80,900,157
75$117,621,328$43,336,586$31,991,713$87,987,793
76$129,551,400$45,392,776$32,996,132$95,747,801
77$142,696,219$47,547,598$34,032,079$104,246,488
78$157,179,623$49,805,820$35,100,543$113,556,820
79$173,138,078$52,172,439$36,202,545$123,759,096
80$190,721,970$54,652,696$37,339,137$134,941,690
81$210,097,018$57,252,085$38,511,406$147,201,870
82$231,445,845$59,976,369$39,720,469$160,646,698
83$254,969,699$62,831,589$40,967,483$175,394,026
84$280,890,352$65,824,080$42,253,637$191,573,585
85$309,452,194$68,960,487$43,580,160$209,328,198
86$340,924,542$72,247,774$44,948,320$228,815,100
87$375,604,178$75,693,248$46,359,421$250,207,408
88$413,818,155$79,304,568$47,814,813$273,695,728
89$455,926,882$83,089,767$49,315,884$299,489,935
90$502,327,526$87,057,268$50,864,068$327,821,128
91$553,457,763$91,215,903$52,460,844$358,943,787
92$609,799,908$95,574,936$54,107,736$393,138,147
93$671,885,470$100,144,079$55,806,316$430,712,819
94$740,300,167$104,933,519$57,558,207$472,007,671
95$815,689,459$109,953,935$59,365,082$517,397,007
96$898,764,636$115,216,531$61,228,664$567,293,070
97$990,309,540$120,733,051$63,150,735$622,149,899
98$1,091,187,957$126,515,815$65,133,129$682,467,578
99$1,202,351,778$132,577,739$67,177,738$748,796,923
100$1,324,849,983$138,932,372$69,286,516$821,744,645