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%13.2%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,369,028
2 years$711,325$698,077$685,238$672,789$660,714$642,133
3 years$469,506$456,201$443,394$431,063$419,184$401,072
4 years$348,620$335,356$322,677$310,556$298,966$281,461
5 years$276,108$262,923$250,411$238,537$227,269$210,424
6 years$227,782$214,697$202,369$190,760$179,830$163,664
7 years$193,277$180,302$168,170$156,834$146,250$130,770
8 years$167,410$154,552$142,621$131,564$121,329$106,532
9 years$147,302$134,565$122,840$112,064$102,176$88,056
10 years$131,225$118,613$107,094$96,600$87,059$73,606
11 years$118,079$105,594$94,284$84,071$74,874$62,074
12 years$107,133$94,775$83,675$73,741$64,884$52,724
13 years$97,878$85,649$74,758$65,103$56,580$45,044
14 years$89,951$77,853$67,170$57,791$49,598$38,667
15 years$83,088$71,120$60,646$51,539$43,670$33,327
16 years$77,089$65,251$54,984$46,148$38,596$28,821
17 years$71,800$60,094$50,034$41,463$34,221$24,995
18 years$67,105$55,529$45,674$37,367$30,428$21,730
19 years$62,909$51,464$41,813$33,764$27,121$18,931
20 years$59,137$47,823$38,373$30,580$24,225$16,522
21 years$55,729$44,545$35,296$27,753$21,679$14,441
22 years$52,635$41,581$32,531$25,234$19,432$12,639
23 years$49,814$38,890$30,036$22,981$17,443$11,075
24 years$47,232$36,438$27,779$20,960$15,678$9,714
25 years$44,860$34,195$25,729$19,142$14,108$8,528
26 years$42,674$32,138$23,862$17,502$12,708$7,492
27 years$40,654$30,245$22,158$16,020$11,457$6,587
28 years$38,781$28,500$20,599$14,678$10,338$5,794
29 years$37,040$26,886$19,169$13,460$9,335$5,099
30 years$35,419$25,391$17,855$12,353$8,435$4,490
31 years$33,905$24,003$16,646$11,345$7,626$3,955
32 years$32,489$22,712$15,531$10,427$6,898$3,485
33 years$31,161$21,509$14,501$9,588$6,243$3,072
34 years$29,914$20,385$13,549$8,822$5,652$2,708
35 years$28,741$19,335$12,667$8,121$5,119$2,388
36 years$27,635$18,352$11,850$7,479$4,639$2,106
37 years$26,592$17,430$11,091$6,891$4,204$1,858
38 years$25,606$16,565$10,387$6,352$3,811$1,640
39 years$24,673$15,751$9,731$5,857$3,456$1,447
40 years$23,789$14,986$9,121$5,402$3,135$1,277
41 years$22,950$14,266$8,553$4,984$2,844$1,127
42 years$22,153$13,586$8,023$4,600$2,581$995
43 years$21,395$12,945$7,528$4,246$2,342$878
44 years$20,674$12,339$7,066$3,920$2,126$776
45 years$19,986$11,766$6,635$3,621$1,930$685
46 years$19,331$11,225$6,232$3,344$1,752$605
47 years$18,705$10,712$5,855$3,090$1,591$534
48 years$18,107$10,226$5,502$2,855$1,445$472
49 years$17,536$9,765$5,171$2,639$1,312$416
50 years$16,988$9,328$4,862$2,439$1,192$368

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 $6,069 every year, while hoping to spend $29,730 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: 70/21/9 Blend
55$17,400,000$17,400,000$17,400,000$17,400,000
56$19,181,060$18,258,860$17,989,160$20,491,246
57$21,105,896$19,121,912$18,560,165$22,222,507
58$23,226,068$20,026,257$19,149,301$24,112,109
59$25,561,471$20,973,886$19,757,146$26,179,018
60$28,134,024$21,966,890$20,384,293$28,440,658
61$30,967,884$23,007,457$21,031,357$30,916,203
62$34,089,669$24,097,884$21,698,969$33,626,752
63$37,528,713$25,240,578$22,387,782$36,595,523
64$41,317,340$26,438,064$23,098,471$39,848,070
65$45,491,168$27,692,989$23,831,729$43,412,518
66$50,089,450$29,008,128$24,588,275$47,319,823
67$55,155,439$30,386,392$25,368,847$51,604,061
68$60,736,801$31,830,832$26,174,210$56,302,745
69$66,886,059$33,344,648$27,005,151$61,457,170
70$73,661,097$34,931,195$27,862,483$67,112,802
71$81,125,697$36,593,992$28,747,045$73,319,696
72$89,350,148$38,336,727$29,659,701$80,132,966
73$98,411,907$40,163,270$30,601,344$87,613,296
74$108,396,328$42,077,677$31,572,896$95,827,511
75$119,397,472$44,084,202$32,575,306$104,849,193
76$131,518,991$46,187,305$33,609,556$114,759,374
77$144,875,109$48,391,664$34,676,657$125,647,290
78$159,591,698$50,702,183$35,777,654$137,611,218
79$175,807,468$53,124,007$36,913,622$150,759,390
80$193,675,276$55,662,529$38,085,674$165,211,013
81$213,363,566$58,323,405$39,294,956$181,097,379
82$235,057,965$61,112,567$40,542,652$198,563,094
83$258,963,028$64,036,234$41,829,982$217,767,439
84$285,304,176$67,100,929$43,158,205$238,885,856
85$314,329,819$70,313,491$44,528,623$262,111,597
86$346,313,704$73,681,095$45,942,574$287,657,534
87$381,557,495$77,211,262$47,401,444$315,758,160
88$420,393,626$80,911,881$48,906,659$346,671,782
89$463,188,437$84,791,224$50,459,693$380,682,956
90$510,345,630$88,857,966$52,062,065$418,105,150
91$562,310,084$93,121,206$53,715,344$459,283,693
92$619,572,052$97,590,485$55,421,147$504,599,020
93$682,671,790$102,275,808$57,181,145$554,470,244
94$752,204,659$107,187,668$58,997,059$609,359,098
95$828,826,741$112,337,071$60,870,668$669,774,274
96$913,261,038$117,735,556$62,803,804$736,276,207
97$1,006,304,292$123,395,227$64,798,360$809,482,349
98$1,108,834,514$129,328,777$66,856,289$890,072,974
99$1,221,819,264$135,549,517$68,979,605$978,797,579
100$1,346,324,793$142,071,408$71,170,386$1,076,481,937