Can I retire at age 56 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,366,826
2 years$707,237$694,065$681,300$668,923$656,917$644,122
3 years$466,808$453,579$440,846$428,585$416,775$404,281
4 years$346,617$333,429$320,823$308,772$297,248$285,150
5 years$274,521$261,412$248,972$237,166$225,963$214,299
6 years$226,473$213,463$201,206$189,664$178,797$167,580
7 years$192,166$179,266$167,203$155,933$145,410$134,645
8 years$166,448$153,664$141,802$130,808$120,631$110,319
9 years$146,455$133,792$122,134$111,420$101,589$91,725
10 years$130,471$117,931$106,479$96,045$86,559$77,138
11 years$117,401$104,987$93,742$83,588$74,444$65,458
12 years$106,517$94,231$83,194$73,318$64,511$55,952
13 years$97,315$85,157$74,328$64,729$56,255$48,113
14 years$89,434$77,405$66,784$57,459$49,313$41,577
15 years$82,611$70,711$60,297$51,243$43,419$36,078
16 years$76,646$64,876$54,668$45,883$38,374$31,416
17 years$71,388$59,749$49,746$41,225$34,025$27,438
18 years$66,719$55,210$45,412$37,152$30,253$24,025
19 years$62,547$51,168$41,572$33,570$26,965$21,082
20 years$58,797$47,548$38,153$30,404$24,086$18,535
21 years$55,409$44,289$35,093$27,594$21,554$16,322
22 years$52,332$41,342$32,344$25,089$19,320$14,394
23 years$49,527$38,667$29,864$22,849$17,343$12,710
24 years$46,960$36,228$27,619$20,840$15,588$11,235
25 years$44,602$33,998$25,581$19,032$14,027$9,940
26 years$42,429$31,953$23,725$17,402$12,635$8,802
27 years$40,420$30,071$22,031$15,928$11,392$7,800
28 years$38,558$28,336$20,480$14,594$10,279$6,917
29 years$36,827$26,732$19,059$13,383$9,282$6,137
30 years$35,215$25,246$17,752$12,282$8,386$5,448
31 years$33,710$23,865$16,550$11,280$7,582$4,839
32 years$32,302$22,581$15,442$10,367$6,859$4,299
33 years$30,982$21,385$14,418$9,533$6,207$3,821
34 years$29,742$20,268$13,471$8,771$5,620$3,397
35 years$28,576$19,224$12,595$8,074$5,090$3,021
36 years$27,476$18,246$11,782$7,436$4,612$2,687
37 years$26,439$17,330$11,028$6,852$4,180$2,391
38 years$25,459$16,470$10,327$6,315$3,789$2,127
39 years$24,531$15,661$9,675$5,823$3,436$1,893
40 years$23,652$14,900$9,069$5,371$3,117$1,685
41 years$22,818$14,184$8,503$4,955$2,828$1,501
42 years$22,025$13,508$7,977$4,573$2,566$1,336
43 years$21,272$12,870$7,485$4,222$2,329$1,190
44 years$20,555$12,268$7,026$3,898$2,114$1,060
45 years$19,872$11,699$6,597$3,600$1,919$944
46 years$19,220$11,160$6,196$3,325$1,742$841
47 years$18,598$10,650$5,821$3,072$1,582$749
48 years$18,003$10,167$5,470$2,839$1,437$667
49 years$17,435$9,709$5,142$2,624$1,305$594
50 years$16,891$9,274$4,834$2,425$1,185$529

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,300,000, adding $4,381 every year, while hoping to spend $26,514 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: 31/47/22 Blend
55$17,300,000$17,300,000$17,300,000$17,300,000
56$19,069,119$18,152,219$17,884,069$19,530,001
57$20,985,958$19,013,467$18,454,975$20,741,290
58$23,097,427$19,916,028$19,044,117$22,041,608
59$25,423,348$20,861,897$19,652,079$23,440,820
60$27,985,569$21,853,168$20,279,462$24,947,559
61$30,808,160$22,892,037$20,926,887$26,571,272
62$33,917,649$23,980,804$21,594,995$28,322,300
63$37,343,269$25,121,883$22,284,447$30,211,972
64$41,117,232$26,317,804$22,995,925$32,252,693
65$45,275,034$27,571,222$23,730,134$34,458,060
66$49,855,794$28,884,918$24,487,800$36,842,971
67$54,902,617$30,261,810$25,269,672$39,423,763
68$60,463,003$31,704,959$26,076,526$42,218,348
69$66,589,299$33,217,572$26,909,159$45,246,370
70$73,339,188$34,803,013$27,768,397$48,529,382
71$80,776,236$36,464,811$28,655,088$52,091,032
72$88,970,491$38,206,666$29,570,113$55,957,274
73$97,999,144$40,032,456$30,514,375$60,156,597
74$107,947,261$41,946,250$31,488,811$64,720,278
75$118,908,580$43,952,315$32,494,384$69,682,665
76$130,986,401$46,055,124$33,532,092$75,081,478
77$144,294,558$48,259,369$34,602,961$80,958,152
78$158,958,494$50,569,969$35,708,051$87,358,208
79$175,116,447$52,992,084$36,848,457$94,331,663
80$192,920,753$55,531,125$38,025,309$101,933,484
81$212,539,285$58,192,766$39,239,773$110,224,080
82$234,157,037$60,982,956$40,493,049$119,269,857
83$257,977,870$63,907,935$41,786,382$129,143,818
84$284,226,437$66,974,249$43,121,050$139,926,225
85$313,150,305$70,188,759$44,498,377$151,705,337
86$345,022,291$73,558,662$45,919,727$164,578,211
87$380,143,034$77,091,506$47,386,507$178,651,595
88$418,843,840$80,795,206$48,900,171$194,042,901
89$461,489,804$84,678,064$50,462,219$210,881,287
90$508,483,258$88,748,784$52,074,199$229,308,843
91$560,267,573$93,016,496$53,737,706$249,481,896
92$617,331,336$97,490,775$55,454,390$271,572,453
93$680,212,972$102,181,663$57,225,952$295,769,789
94$749,505,821$107,099,690$59,054,148$322,282,193
95$825,863,741$112,255,902$60,940,788$351,338,891
96$910,007,282$117,661,879$62,887,743$383,192,175
97$1,002,730,484$123,329,771$64,896,942$418,119,733
98$1,104,908,381$129,272,318$66,970,377$456,427,227
99$1,217,505,254$135,502,879$69,110,103$498,451,130
100$1,341,583,739$142,035,470$71,318,241$544,561,852