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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,336,973
2 years$707,237$694,065$681,300$668,923$656,917$614,418
3 years$466,808$453,579$440,846$428,585$416,775$375,662
4 years$346,617$333,429$320,823$308,772$297,248$257,836
5 years$274,521$261,412$248,972$237,166$225,963$188,360
6 years$226,473$213,463$201,206$189,664$178,797$143,034
7 years$192,166$179,266$167,203$155,933$145,410$111,486
8 years$166,448$153,664$141,802$130,808$120,631$88,524
9 years$146,455$133,792$122,134$111,420$101,589$71,263
10 years$130,471$117,931$106,479$96,045$86,559$57,970
11 years$117,401$104,987$93,742$83,588$74,444$47,542
12 years$106,517$94,231$83,194$73,318$64,511$39,240
13 years$97,315$85,157$74,328$64,729$56,255$32,555
14 years$89,434$77,405$66,784$57,459$49,313$27,121
15 years$82,611$70,711$60,297$51,243$43,419$22,671
16 years$76,646$64,876$54,668$45,883$38,374$19,004
17 years$71,388$59,749$49,746$41,225$34,025$15,967
18 years$66,719$55,210$45,412$37,152$30,253$13,441
19 years$62,547$51,168$41,572$33,570$26,965$11,332
20 years$58,797$47,548$38,153$30,404$24,086$9,567
21 years$55,409$44,289$35,093$27,594$21,554$8,086
22 years$52,332$41,342$32,344$25,089$19,320$6,841
23 years$49,527$38,667$29,864$22,849$17,343$5,792
24 years$46,960$36,228$27,619$20,840$15,588$4,907
25 years$44,602$33,998$25,581$19,032$14,027$4,160
26 years$42,429$31,953$23,725$17,402$12,635$3,528
27 years$40,420$30,071$22,031$15,928$11,392$2,993
28 years$38,558$28,336$20,480$14,594$10,279$2,540
29 years$36,827$26,732$19,059$13,383$9,282$2,157
30 years$35,215$25,246$17,752$12,282$8,386$1,831
31 years$33,710$23,865$16,550$11,280$7,582$1,555
32 years$32,302$22,581$15,442$10,367$6,859$1,321
33 years$30,982$21,385$14,418$9,533$6,207$1,123
34 years$29,742$20,268$13,471$8,771$5,620$954
35 years$28,576$19,224$12,595$8,074$5,090$811
36 years$27,476$18,246$11,782$7,436$4,612$689
37 years$26,439$17,330$11,028$6,852$4,180$586
38 years$25,459$16,470$10,327$6,315$3,789$498
39 years$24,531$15,661$9,675$5,823$3,436$423
40 years$23,652$14,900$9,069$5,371$3,117$360
41 years$22,818$14,184$8,503$4,955$2,828$306
42 years$22,025$13,508$7,977$4,573$2,566$260
43 years$21,272$12,870$7,485$4,222$2,329$221
44 years$20,555$12,268$7,026$3,898$2,114$188
45 years$19,872$11,699$6,597$3,600$1,919$160
46 years$19,220$11,160$6,196$3,325$1,742$136
47 years$18,598$10,650$5,821$3,072$1,582$116
48 years$18,003$10,167$5,470$2,839$1,437$98
49 years$17,435$9,709$5,142$2,624$1,305$84
50 years$16,891$9,274$4,834$2,425$1,185$71

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 $3,428 every year, while hoping to spend $39,551 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: 66/12/22 Blend
55$17,300,000$17,300,000$17,300,000$17,300,000
56$19,068,136$18,151,236$17,883,086$20,219,307
57$20,971,004$18,998,565$18,440,087$21,840,283
58$23,066,639$19,886,087$19,014,423$23,606,895
59$25,374,661$20,815,730$19,606,631$25,537,350
60$27,916,691$21,789,516$20,217,268$27,647,753
61$30,716,554$22,809,562$20,846,906$29,955,831
62$33,800,501$23,878,089$21,496,137$32,481,090
63$37,197,464$24,997,427$22,165,569$35,245,005
64$40,939,320$26,170,016$22,855,830$38,271,210
65$45,061,198$27,398,414$23,567,568$41,585,726
66$49,601,809$28,685,305$24,301,450$45,217,197
67$54,603,809$30,033,501$25,058,165$49,197,158
68$60,114,207$31,445,952$25,838,422$53,560,332
69$66,184,800$32,925,747$26,642,954$58,344,949
70$72,872,671$34,476,130$27,472,513$63,593,106
71$80,240,720$36,100,498$28,327,880$69,351,155
72$88,358,264$37,802,413$29,209,855$75,670,144
73$97,301,687$39,585,611$30,119,265$82,606,286
74$107,155,162$41,454,009$31,056,963$90,221,489
75$118,011,446$43,411,712$32,023,828$98,583,934
76$129,972,753$45,463,026$33,020,766$107,768,712
77$143,151,725$47,612,465$34,048,713$117,858,530
78$157,672,487$49,864,762$35,108,631$128,944,482
79$173,671,824$52,224,878$36,201,513$141,126,904
80$191,300,470$54,698,018$37,328,384$154,516,319
81$210,724,534$57,289,637$38,490,301$169,234,464
82$232,127,061$60,005,454$39,688,351$185,415,443
83$255,709,768$62,851,468$40,923,658$203,206,978
84$281,694,943$65,833,968$42,197,378$222,771,797
85$310,327,542$68,959,547$43,510,706$244,289,165
86$341,877,508$72,235,122$44,864,871$267,956,566
87$376,642,312$75,667,941$46,261,142$293,991,559
88$414,949,764$79,265,606$47,700,827$322,633,822
89$457,161,110$83,036,091$49,185,274$354,147,405
90$503,674,437$86,987,753$50,715,874$388,823,213
91$554,928,434$91,129,358$52,294,061$426,981,745
92$611,406,534$95,470,096$53,921,312$468,976,104
93$673,641,475$100,019,605$55,599,151$515,195,320
94$742,220,332$104,787,992$57,329,148$566,068,014
95$817,790,056$109,785,854$59,112,925$622,066,431
96$901,063,585$115,024,304$60,952,151$683,710,881
97$992,826,569$120,514,994$62,848,547$751,574,645
98$1,093,944,795$126,270,144$64,803,889$826,289,367
99$1,205,372,353$132,302,570$66,820,008$908,551,006
100$1,328,160,645$138,625,707$68,898,790$999,126,388