Can I retire at age 56 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,359,533
2 years$715,413$702,089$689,176$676,656$664,512$628,540
3 years$472,204$458,823$445,942$433,540$421,594$386,718
4 years$350,624$337,283$324,532$312,341$300,684$267,172
5 years$277,695$264,434$251,850$239,908$228,575$196,520
6 years$229,091$215,930$203,532$191,856$180,864$150,296
7 years$194,388$181,338$169,136$157,736$147,091$118,014
8 years$168,372$155,440$143,441$132,321$122,026$94,426
9 years$148,149$135,339$123,546$112,708$102,763$76,616
10 years$131,979$119,294$107,710$97,155$87,560$62,833
11 years$118,758$106,201$94,826$84,554$75,304$51,962
12 years$107,749$95,320$84,156$74,165$65,257$43,258
13 years$98,440$86,142$75,188$65,477$56,905$36,204
14 years$90,468$78,300$67,556$58,123$49,883$30,433
15 years$83,566$71,529$60,994$51,836$43,921$25,674
16 years$77,532$65,626$55,300$46,413$38,817$21,723
17 years$72,213$60,439$50,321$41,702$34,418$18,425
18 years$67,491$55,849$45,937$37,582$30,603$15,660
19 years$63,271$51,760$42,053$33,958$27,277$13,333
20 years$59,477$48,098$38,594$30,756$24,364$11,369
21 years$56,049$44,801$35,499$27,913$21,803$9,706
22 years$52,937$41,820$32,718$25,379$19,544$8,294
23 years$50,100$39,114$30,209$23,113$17,544$7,095
24 years$47,503$36,647$27,938$21,081$15,769$6,073
25 years$45,118$34,391$25,877$19,252$14,189$5,202
26 years$42,919$32,322$23,999$17,603$12,781$4,458
27 years$40,887$30,419$22,285$16,113$11,523$3,823
28 years$39,004$28,664$20,717$14,763$10,398$3,279
29 years$37,253$27,041$19,279$13,538$9,389$2,813
30 years$35,622$25,537$17,958$12,424$8,483$2,415
31 years$34,100$24,141$16,741$11,411$7,670$2,073
32 years$32,675$22,843$15,620$10,487$6,938$1,780
33 years$31,340$21,632$14,585$9,643$6,279$1,529
34 years$30,086$20,502$13,627$8,873$5,685$1,314
35 years$28,906$19,446$12,740$8,168$5,149$1,128
36 years$27,794$18,457$11,918$7,522$4,665$970
37 years$26,745$17,530$11,155$6,931$4,228$833
38 years$25,753$16,660$10,446$6,388$3,833$716
39 years$24,815$15,842$9,787$5,890$3,476$615
40 years$23,925$15,072$9,173$5,433$3,153$529
41 years$23,082$14,347$8,602$5,013$2,860$455
42 years$22,280$13,664$8,069$4,626$2,596$391
43 years$21,518$13,019$7,571$4,270$2,356$336
44 years$20,792$12,410$7,107$3,943$2,138$289
45 years$20,101$11,834$6,673$3,641$1,941$248
46 years$19,442$11,289$6,268$3,364$1,762$213
47 years$18,813$10,773$5,888$3,108$1,600$184
48 years$18,211$10,285$5,534$2,872$1,453$158
49 years$17,636$9,821$5,201$2,654$1,320$136
50 years$17,086$9,382$4,890$2,453$1,199$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,500,000, adding $3,827 every year, while hoping to spend $20,369 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: 53/30/17 Blend
55$17,500,000$17,500,000$17,500,000$17,500,000
56$19,288,948$18,361,448$18,090,198$20,222,314
57$21,234,748$19,239,486$18,674,547$21,739,671
58$23,378,337$20,159,866$19,277,789$23,387,337
59$25,739,868$21,124,640$19,900,535$25,179,693
60$28,341,549$22,135,961$20,543,418$27,130,499
61$31,207,852$23,196,089$21,207,087$29,254,873
62$34,365,745$24,307,389$21,892,217$31,569,430
63$37,844,946$25,472,346$22,599,501$34,092,429
64$41,678,203$26,693,564$23,329,657$36,843,945
65$45,901,604$27,973,773$24,083,425$39,846,043
66$50,554,917$29,315,837$24,861,569$43,122,986
67$55,681,966$30,722,761$25,664,879$46,701,453
68$61,331,043$32,197,692$26,494,169$50,610,785
69$67,555,365$33,743,935$27,350,279$54,883,251
70$74,413,578$35,364,953$28,234,079$59,554,346
71$81,970,306$37,064,379$29,146,464$64,663,116
72$90,296,767$38,846,024$30,088,361$70,252,518
73$99,471,440$40,713,882$31,060,724$76,369,812
74$109,580,809$42,672,144$32,064,540$83,067,004
75$120,720,176$44,725,203$33,100,826$90,401,317
76$132,994,566$46,877,670$34,170,636$98,435,728
77$146,519,713$49,134,377$35,275,053$107,239,543
78$161,423,155$51,500,393$36,415,199$116,889,045
79$177,845,440$53,981,035$37,592,231$127,468,199
80$195,941,446$56,581,877$38,807,342$139,069,427
81$215,881,852$59,308,768$40,061,767$151,794,473
82$237,854,742$62,167,839$41,356,777$165,755,342
83$262,067,385$65,165,522$42,693,688$181,075,348
84$288,748,188$68,308,563$44,073,857$197,890,256
85$318,148,856$71,604,035$45,498,684$216,349,548
86$350,546,766$75,059,359$46,969,616$236,617,817
87$386,247,584$78,682,315$48,488,146$258,876,304
88$425,588,154$82,481,065$50,055,815$283,324,585
89$468,939,677$86,464,169$51,674,217$310,182,436
90$516,711,213$90,640,603$53,344,992$339,691,888
91$569,353,547$95,019,782$55,069,839$372,119,485
92$627,363,439$99,611,581$56,850,509$407,758,783
93$691,288,318$104,426,357$58,688,810$446,933,089
94$761,731,450$109,474,973$60,586,609$489,998,493
95$839,357,631$114,768,819$62,545,833$537,347,199
96$924,899,464$120,319,846$64,568,473$589,411,203
97$1,019,164,276$126,140,585$66,656,583$646,666,337
98$1,123,041,738$132,244,179$68,812,285$709,636,730
99$1,237,512,266$138,644,415$71,037,767$778,899,728
100$1,363,656,277$145,355,751$73,335,292$855,091,307