Can I retire at age 56 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,365,639
2 years$711,325$698,077$685,238$672,789$660,714$638,746
3 years$469,506$456,201$443,394$431,063$419,184$397,792
4 years$348,620$335,356$322,677$310,556$298,966$278,315
5 years$276,108$262,923$250,411$238,537$227,269$207,420
6 years$227,782$214,697$202,369$190,760$179,830$160,805
7 years$193,277$180,302$168,170$156,834$146,250$128,055
8 years$167,410$154,552$142,621$131,564$121,329$103,960
9 years$147,302$134,565$122,840$112,064$102,176$85,625
10 years$131,225$118,613$107,094$96,600$87,059$71,313
11 years$118,079$105,594$94,284$84,071$74,874$59,916
12 years$107,133$94,775$83,675$73,741$64,884$50,696
13 years$97,878$85,649$74,758$65,103$56,580$43,141
14 years$89,951$77,853$67,170$57,791$49,598$36,885
15 years$83,088$71,120$60,646$51,539$43,670$31,661
16 years$77,089$65,251$54,984$46,148$38,596$27,266
17 years$71,800$60,094$50,034$41,463$34,221$23,547
18 years$67,105$55,529$45,674$37,367$30,428$20,382
19 years$62,909$51,464$41,813$33,764$27,121$17,679
20 years$59,137$47,823$38,373$30,580$24,225$15,360
21 years$55,729$44,545$35,296$27,753$21,679$13,365
22 years$52,635$41,581$32,531$25,234$19,432$11,645
23 years$49,814$38,890$30,036$22,981$17,443$10,156
24 years$47,232$36,438$27,779$20,960$15,678$8,867
25 years$44,860$34,195$25,729$19,142$14,108$7,747
26 years$42,674$32,138$23,862$17,502$12,708$6,774
27 years$40,654$30,245$22,158$16,020$11,457$5,927
28 years$38,781$28,500$20,599$14,678$10,338$5,188
29 years$37,040$26,886$19,169$13,460$9,335$4,544
30 years$35,419$25,391$17,855$12,353$8,435$3,981
31 years$33,905$24,003$16,646$11,345$7,626$3,490
32 years$32,489$22,712$15,531$10,427$6,898$3,060
33 years$31,161$21,509$14,501$9,588$6,243$2,683
34 years$29,914$20,385$13,549$8,822$5,652$2,354
35 years$28,741$19,335$12,667$8,121$5,119$2,065
36 years$27,635$18,352$11,850$7,479$4,639$1,812
37 years$26,592$17,430$11,091$6,891$4,204$1,591
38 years$25,606$16,565$10,387$6,352$3,811$1,396
39 years$24,673$15,751$9,731$5,857$3,456$1,226
40 years$23,789$14,986$9,121$5,402$3,135$1,076
41 years$22,950$14,266$8,553$4,984$2,844$945
42 years$22,153$13,586$8,023$4,600$2,581$830
43 years$21,395$12,945$7,528$4,246$2,342$729
44 years$20,674$12,339$7,066$3,920$2,126$640
45 years$19,986$11,766$6,635$3,621$1,930$562
46 years$19,331$11,225$6,232$3,344$1,752$494
47 years$18,705$10,712$5,855$3,090$1,591$434
48 years$18,107$10,226$5,502$2,855$1,445$381
49 years$17,536$9,765$5,171$2,639$1,312$335
50 years$16,988$9,328$4,862$2,439$1,192$294

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,400,000, adding $6,388 every year, while hoping to spend $41,109 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: 70/8/22 Blend
55$17,400,000$17,400,000$17,400,000$17,400,000
56$19,181,389$18,259,189$17,989,489$20,418,560
57$21,094,151$19,110,150$18,548,397$22,096,718
58$23,200,637$20,001,430$19,124,651$23,927,594
59$25,520,564$20,934,961$19,718,788$25,930,734
60$28,075,656$21,912,770$20,331,363$28,123,193
61$30,889,857$22,936,979$20,962,947$30,523,746
62$33,989,545$24,009,814$21,614,129$33,153,067
63$37,403,794$25,133,609$22,285,517$36,033,914
64$41,164,636$26,310,811$22,977,737$39,191,345
65$45,307,371$27,543,984$23,691,434$42,652,954
66$49,870,901$28,835,816$24,427,275$46,449,125
67$54,898,088$30,189,127$25,185,944$50,613,317
68$60,436,170$31,606,872$25,968,150$55,182,376
69$66,537,199$33,092,148$26,774,623$60,196,882
70$73,258,533$34,648,203$27,606,112$65,701,524
71$80,663,382$36,278,443$28,463,395$71,745,525
72$88,821,398$37,986,438$29,347,270$78,383,096
73$97,809,338$39,775,930$30,258,561$85,673,949
74$107,711,784$41,650,845$31,198,117$93,683,853
75$118,621,946$43,615,296$32,166,814$102,485,254
76$130,642,537$45,673,598$33,165,554$112,157,953
77$143,886,744$47,830,273$34,195,268$122,789,854
78$158,479,298$50,090,062$35,256,916$134,477,791
79$174,557,650$52,457,939$36,351,487$147,328,435
80$192,273,268$54,939,116$37,479,999$161,459,298
81$211,793,067$57,539,058$38,643,505$176,999,837
82$233,300,986$60,263,498$39,843,088$194,092,670
83$256,999,720$63,118,443$41,079,866$212,894,914
84$283,112,640$66,110,195$42,354,989$233,579,668
85$311,885,894$69,245,360$43,669,646$256,337,636
86$343,590,737$72,530,864$45,025,061$281,378,923
87$378,526,087$75,973,971$46,422,495$308,935,012
88$417,021,349$79,582,296$47,863,250$339,260,942
89$459,439,524$83,363,827$49,348,666$372,637,705
90$506,180,636$87,326,935$50,880,127$409,374,898
91$557,685,507$91,480,401$52,459,058$449,813,634
92$614,439,920$95,833,432$54,086,928$494,329,750
93$676,979,204$100,395,682$55,765,252$543,337,355
94$745,893,287$105,177,274$57,495,592$597,292,725
95$821,832,265$110,188,824$59,279,557$656,698,602
96$905,512,543$115,441,462$61,118,808$722,108,930
97$997,723,590$120,946,862$63,015,056$794,134,076
98$1,099,335,400$126,717,262$64,970,064$873,446,583
99$1,211,306,700$132,765,498$66,985,651$960,787,502
100$1,334,694,005$139,105,028$69,063,692$1,056,973,386