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%18.9%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,330,050
2 years$707,237$694,065$681,300$668,923$656,917$607,606
3 years$466,808$453,579$440,846$428,585$416,775$369,179
4 years$346,617$333,429$320,823$308,772$297,248$251,730
5 years$274,521$261,412$248,972$237,166$225,963$182,643
6 years$226,473$213,463$201,206$189,664$178,797$137,707
7 years$192,166$179,266$167,203$155,933$145,410$106,540
8 years$166,448$153,664$141,802$130,808$120,631$83,949
9 years$146,455$133,792$122,134$111,420$101,589$67,046
10 years$130,471$117,931$106,479$96,045$86,559$54,095
11 years$117,401$104,987$93,742$83,588$74,444$43,991
12 years$106,517$94,231$83,194$73,318$64,511$35,997
13 years$97,315$85,157$74,328$64,729$56,255$29,601
14 years$89,434$77,405$66,784$57,459$49,313$24,439
15 years$82,611$70,711$60,297$51,243$43,419$20,241
16 years$76,646$64,876$54,668$45,883$38,374$16,809
17 years$71,388$59,749$49,746$41,225$34,025$13,988
18 years$66,719$55,210$45,412$37,152$30,253$11,661
19 years$62,547$51,168$41,572$33,570$26,965$9,736
20 years$58,797$47,548$38,153$30,404$24,086$8,138
21 years$55,409$44,289$35,093$27,594$21,554$6,810
22 years$52,332$41,342$32,344$25,089$19,320$5,703
23 years$49,527$38,667$29,864$22,849$17,343$4,779
24 years$46,960$36,228$27,619$20,840$15,588$4,007
25 years$44,602$33,998$25,581$19,032$14,027$3,362
26 years$42,429$31,953$23,725$17,402$12,635$2,821
27 years$40,420$30,071$22,031$15,928$11,392$2,369
28 years$38,558$28,336$20,480$14,594$10,279$1,989
29 years$36,827$26,732$19,059$13,383$9,282$1,671
30 years$35,215$25,246$17,752$12,282$8,386$1,404
31 years$33,710$23,865$16,550$11,280$7,582$1,180
32 years$32,302$22,581$15,442$10,367$6,859$991
33 years$30,982$21,385$14,418$9,533$6,207$833
34 years$29,742$20,268$13,471$8,771$5,620$700
35 years$28,576$19,224$12,595$8,074$5,090$589
36 years$27,476$18,246$11,782$7,436$4,612$495
37 years$26,439$17,330$11,028$6,852$4,180$416
38 years$25,459$16,470$10,327$6,315$3,789$350
39 years$24,531$15,661$9,675$5,823$3,436$294
40 years$23,652$14,900$9,069$5,371$3,117$247
41 years$22,818$14,184$8,503$4,955$2,828$208
42 years$22,025$13,508$7,977$4,573$2,566$175
43 years$21,272$12,870$7,485$4,222$2,329$147
44 years$20,555$12,268$7,026$3,898$2,114$124
45 years$19,872$11,699$6,597$3,600$1,919$104
46 years$19,220$11,160$6,196$3,325$1,742$88
47 years$18,598$10,650$5,821$3,072$1,582$74
48 years$18,003$10,167$5,470$2,839$1,437$62
49 years$17,435$9,709$5,142$2,624$1,305$52
50 years$16,891$9,274$4,834$2,425$1,185$44

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 $2,208 every year, while hoping to spend $58,332 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: 86/6/8 Blend
55$17,300,000$17,300,000$17,300,000$17,300,000
56$19,066,878$18,149,978$17,881,828$20,690,678
57$20,949,634$18,977,262$18,418,804$22,577,476
58$23,022,477$19,843,128$18,971,814$24,642,354
59$25,304,733$20,749,404$19,541,333$26,909,611
60$27,817,700$21,698,009$20,127,851$29,399,592
61$30,584,843$22,690,949$20,731,872$32,134,705
62$33,632,021$23,730,330$21,353,914$35,139,632
63$36,987,729$24,818,357$21,994,512$38,441,562
64$40,683,363$25,957,343$22,654,215$42,070,441
65$44,753,524$27,149,711$23,333,588$46,059,258
66$49,236,335$28,397,999$24,033,216$50,444,354
67$54,173,809$29,704,868$24,753,696$55,265,762
68$59,612,239$31,073,108$25,495,646$60,567,581
69$65,602,639$32,505,642$26,259,702$66,398,395
70$72,201,223$34,005,533$27,046,517$72,811,727
71$79,469,937$35,575,994$27,856,764$79,866,542
72$87,477,042$37,220,388$28,691,137$87,627,801
73$96,297,758$38,942,245$29,550,348$96,167,074
74$106,014,976$40,745,262$30,435,132$105,563,212
75$116,720,039$42,633,315$31,346,243$115,903,087
76$128,513,600$44,610,465$32,284,460$127,282,414
77$141,506,581$46,680,971$33,250,583$139,806,648
78$155,821,211$48,849,297$34,245,436$153,591,977
79$171,592,183$51,120,121$35,269,866$168,766,418
80$188,967,926$53,498,348$36,324,747$185,471,021
81$208,112,005$55,989,117$37,410,977$203,861,199
82$229,204,665$58,597,819$38,529,480$224,108,188
83$252,444,531$61,330,103$39,681,208$246,400,665
84$278,050,484$64,191,889$40,867,140$270,946,522
85$306,263,729$67,189,387$42,088,284$297,974,826
86$337,350,065$70,329,102$43,345,677$327,737,978
87$371,602,401$73,617,858$44,640,387$360,514,092
88$409,343,519$77,062,806$45,973,513$396,609,614
89$450,929,117$80,671,443$47,346,185$436,362,215
90$496,751,172$84,451,628$48,759,567$480,143,968
91$547,241,636$88,411,603$50,214,857$528,364,863
92$602,876,515$92,560,004$51,713,287$581,476,665
93$664,180,364$96,905,888$53,256,126$639,977,181
94$731,731,234$101,458,749$54,844,679$704,414,947
95$806,166,134$106,228,542$56,480,290$775,394,408
96$888,187,040$111,225,701$58,164,340$853,581,613
97$978,567,525$116,461,168$59,898,253$939,710,499
98$1,078,160,061$121,946,413$61,683,493$1,034,589,812
99$1,187,904,062$127,693,462$63,521,565$1,139,110,739
100$1,308,834,759$133,714,925$65,414,020$1,254,255,310