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%15.8%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,338,939
2 years$703,148$690,053$677,361$665,056$653,120$620,454
3 years$464,109$450,957$438,298$426,108$414,366$382,667
4 years$344,613$331,501$318,968$306,987$295,529$265,042
5 years$272,934$259,901$247,533$235,795$224,657$195,466
6 years$225,164$212,229$200,043$188,567$177,763$149,899
7 years$191,055$178,229$166,237$155,032$144,569$118,035
8 years$165,486$152,776$140,982$130,052$119,934$94,719
9 years$145,609$133,019$121,428$110,776$101,002$77,086
10 years$129,717$117,249$105,863$95,490$86,059$63,416
11 years$116,722$104,380$93,200$83,105$74,013$52,611
12 years$105,901$93,686$82,713$72,894$64,138$43,942
13 years$96,753$84,665$73,899$64,354$55,930$36,901
14 years$88,917$76,958$66,398$57,127$49,028$31,125
15 years$82,133$70,302$59,949$50,947$43,168$26,349
16 years$76,202$64,501$54,352$45,617$38,152$22,374
17 years$70,975$59,403$49,458$40,987$33,828$19,046
18 years$66,334$54,891$45,149$36,937$30,078$16,248
19 years$62,186$50,873$41,332$33,376$26,810$13,886
20 years$58,457$47,273$37,932$30,229$23,947$11,885
21 years$55,088$44,033$34,890$27,434$21,430$10,185
22 years$52,030$41,103$32,157$24,944$19,209$8,738
23 years$49,241$38,443$29,691$22,717$17,243$7,503
24 years$46,689$36,019$27,459$20,719$15,498$6,448
25 years$44,344$33,802$25,433$18,922$13,946$5,546
26 years$42,184$31,768$23,588$17,301$12,562$4,772
27 years$40,186$29,898$21,903$15,836$11,326$4,108
28 years$38,335$28,172$20,362$14,509$10,219$3,538
29 years$36,615$26,577$18,949$13,305$9,228$3,048
30 years$35,012$25,100$17,650$12,211$8,338$2,627
31 years$33,515$23,727$16,454$11,215$7,538$2,265
32 years$32,115$22,451$15,352$10,307$6,819$1,953
33 years$30,803$21,261$14,334$9,478$6,171$1,685
34 years$29,570$20,151$13,393$8,721$5,587$1,453
35 years$28,410$19,113$12,522$8,028$5,061$1,254
36 years$27,318$18,141$11,714$7,393$4,585$1,082
37 years$26,286$17,230$10,964$6,812$4,156$933
38 years$25,312$16,374$10,267$6,279$3,768$806
39 years$24,389$15,570$9,619$5,789$3,417$695
40 years$23,515$14,814$9,016$5,340$3,099$600
41 years$22,686$14,102$8,454$4,927$2,811$518
42 years$21,898$13,430$7,930$4,547$2,551$447
43 years$21,149$12,796$7,442$4,197$2,315$386
44 years$20,436$12,197$6,985$3,875$2,102$333
45 years$19,757$11,631$6,559$3,579$1,908$288
46 years$19,109$11,096$6,160$3,306$1,732$249
47 years$18,490$10,589$5,788$3,054$1,573$215
48 years$17,899$10,108$5,439$2,822$1,428$185
49 years$17,334$9,653$5,112$2,608$1,297$160
50 years$16,793$9,221$4,806$2,411$1,178$138

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 $3,437 every year, while hoping to spend $38,390 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: 59/32/9 Blend
55$17,200,000$17,200,000$17,200,000$17,200,000
56$18,957,945$18,046,345$17,779,745$20,037,377
57$20,850,809$18,889,770$18,334,520$21,606,304
58$22,935,458$19,773,235$18,906,593$23,311,576
59$25,231,414$20,698,663$19,496,503$25,169,983
60$27,760,189$21,668,068$20,104,807$27,196,241
61$30,545,487$22,683,561$20,732,076$29,406,524
62$33,613,428$23,747,358$21,378,902$31,818,613
63$36,992,797$24,861,777$22,045,895$34,452,058
64$40,715,312$26,029,254$22,733,682$37,328,358
65$44,815,924$27,252,338$23,442,911$40,471,154
66$49,333,150$28,533,704$24,174,250$43,906,449
67$54,309,432$29,876,157$24,928,388$47,662,842
68$59,791,541$31,282,635$25,706,036$51,771,797
69$65,831,014$32,756,220$26,507,924$56,267,926
70$72,484,648$34,300,145$27,334,809$61,189,310
71$79,815,026$35,917,796$28,187,470$66,577,850
72$87,891,116$37,612,726$29,066,708$72,479,656
73$96,788,919$39,388,658$29,973,351$78,945,467
74$106,592,184$41,249,498$30,908,254$86,031,128
75$117,393,203$43,199,339$31,872,297$93,798,099
76$129,293,677$45,242,474$32,866,386$102,314,031
77$142,405,679$47,383,403$33,891,457$111,653,390
78$156,852,714$49,626,845$34,948,476$121,898,149
79$172,770,878$51,977,748$36,038,437$133,138,549
80$190,310,149$54,441,299$37,162,367$145,473,940
81$209,635,800$57,022,938$38,321,322$159,013,704
82$230,929,959$59,728,370$39,516,394$173,878,273
83$254,393,329$62,563,574$40,748,706$190,200,252
84$280,247,080$65,534,820$42,019,420$208,125,655
85$308,734,942$68,648,686$43,329,729$227,815,268
86$340,125,498$71,912,064$44,680,868$249,446,149
87$374,714,729$75,332,186$46,074,107$273,213,283
88$412,828,799$78,916,630$47,510,758$299,331,403
89$454,827,139$82,673,348$48,992,171$328,036,997
90$501,105,839$86,610,673$50,519,739$359,590,524
91$552,101,385$90,737,346$52,094,901$394,278,846
92$608,294,784$95,062,534$53,719,138$432,417,919
93$670,216,099$99,595,845$55,393,977$474,355,747
94$738,449,459$104,347,360$57,120,993$520,475,650
95$813,638,568$109,327,645$58,901,810$571,199,850
96$896,492,786$114,547,783$60,738,104$626,993,433
97$987,793,820$120,019,394$62,631,601$688,368,714
98$1,088,403,111$125,754,666$64,584,081$755,890,040
99$1,199,269,962$131,766,378$66,597,381$830,179,089
100$1,321,440,497$138,067,930$68,673,392$911,920,706