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

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,374,054
2 years$715,413$702,089$689,176$676,656$664,512$642,983
3 years$472,204$458,823$445,942$433,540$421,594$400,626
4 years$350,624$337,283$324,532$312,341$300,684$280,439
5 years$277,695$264,434$251,850$239,908$228,575$209,112
6 years$229,091$215,930$203,532$191,856$180,864$162,205
7 years$194,388$181,338$169,136$157,736$147,091$129,242
8 years$168,372$155,440$143,441$132,321$122,026$104,984
9 years$148,149$135,339$123,546$112,708$102,763$86,520
10 years$131,979$119,294$107,710$97,155$87,560$72,102
11 years$118,758$106,201$94,826$84,554$75,304$60,617
12 years$107,749$95,320$84,156$74,165$65,257$51,322
13 years$98,440$86,142$75,188$65,477$56,905$43,702
14 years$90,468$78,300$67,556$58,123$49,883$37,391
15 years$83,566$71,529$60,994$51,836$43,921$32,117
16 years$77,532$65,626$55,300$46,413$38,817$27,678
17 years$72,213$60,439$50,321$41,702$34,418$23,919
18 years$67,491$55,849$45,937$37,582$30,603$20,720
19 years$63,271$51,760$42,053$33,958$27,277$17,985
20 years$59,477$48,098$38,594$30,756$24,364$15,638
21 years$56,049$44,801$35,499$27,913$21,803$13,617
22 years$52,937$41,820$32,718$25,379$19,544$11,873
23 years$50,100$39,114$30,209$23,113$17,544$10,364
24 years$47,503$36,647$27,938$21,081$15,769$9,055
25 years$45,118$34,391$25,877$19,252$14,189$7,918
26 years$42,919$32,322$23,999$17,603$12,781$6,929
27 years$40,887$30,419$22,285$16,113$11,523$6,067
28 years$39,004$28,664$20,717$14,763$10,398$5,315
29 years$37,253$27,041$19,279$13,538$9,389$4,659
30 years$35,622$25,537$17,958$12,424$8,483$4,085
31 years$34,100$24,141$16,741$11,411$7,670$3,584
32 years$32,675$22,843$15,620$10,487$6,938$3,145
33 years$31,340$21,632$14,585$9,643$6,279$2,760
34 years$30,086$20,502$13,627$8,873$5,685$2,423
35 years$28,906$19,446$12,740$8,168$5,149$2,128
36 years$27,794$18,457$11,918$7,522$4,665$1,869
37 years$26,745$17,530$11,155$6,931$4,228$1,642
38 years$25,753$16,660$10,446$6,388$3,833$1,443
39 years$24,815$15,842$9,787$5,890$3,476$1,268
40 years$23,925$15,072$9,173$5,433$3,153$1,114
41 years$23,082$14,347$8,602$5,013$2,860$979
42 years$22,280$13,664$8,069$4,626$2,596$861
43 years$21,518$13,019$7,571$4,270$2,356$756
44 years$20,792$12,410$7,107$3,943$2,138$665
45 years$20,101$11,834$6,673$3,641$1,941$585
46 years$19,442$11,289$6,268$3,364$1,762$514
47 years$18,813$10,773$5,888$3,108$1,600$452
48 years$18,211$10,285$5,534$2,872$1,453$397
49 years$17,636$9,821$5,201$2,654$1,320$349
50 years$17,086$9,382$4,890$2,453$1,199$307

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 $5,855 every year, while hoping to spend $25,390 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: 58/19/23 Blend
55$17,500,000$17,500,000$17,500,000$17,500,000
56$19,291,039$18,363,539$18,092,289$20,290,265
57$21,231,711$19,236,338$18,671,366$21,844,790
58$23,369,479$20,151,053$19,268,991$23,535,601
59$25,724,423$21,109,711$19,885,759$25,378,533
60$28,318,665$22,114,438$20,522,283$27,388,294
61$31,176,586$23,167,463$21,179,197$29,581,064
62$34,325,052$24,271,122$21,857,154$31,974,635
63$37,793,667$25,427,867$22,556,828$34,588,578
64$41,615,056$26,640,268$23,278,917$37,444,423
65$45,825,170$27,911,018$24,024,139$40,565,856
66$50,463,624$29,242,946$24,793,234$43,978,938
67$55,574,076$30,639,012$25,586,970$47,712,345
68$61,204,633$32,102,326$26,406,135$51,797,633
69$67,408,311$33,636,144$27,251,546$56,269,530
70$74,243,529$35,243,886$28,124,043$61,166,258
71$81,774,666$36,929,133$29,024,495$66,529,885
72$90,072,664$38,695,643$29,953,799$72,406,717
73$99,215,704$40,547,358$30,912,879$78,847,729
74$109,289,936$42,488,409$31,902,691$85,909,036
75$120,390,298$44,523,129$32,924,219$93,652,416
76$132,621,410$46,656,064$33,978,482$102,145,885
77$146,098,561$48,891,979$35,066,529$111,464,332
78$160,948,800$51,235,871$36,189,442$121,690,215
79$177,312,130$53,692,981$37,348,341$132,914,328
80$195,342,837$56,268,806$38,544,380$145,236,655
81$215,210,939$58,969,111$39,778,750$158,767,297
82$237,103,796$61,799,938$41,052,679$173,627,503
83$261,227,877$64,767,629$42,367,437$189,950,807
84$287,810,708$67,878,830$43,724,334$207,884,269
85$317,103,022$71,140,515$45,124,721$227,589,859
86$349,381,124$74,559,994$46,569,993$249,245,970
87$384,949,500$78,144,936$48,061,590$273,049,088
88$424,143,694$81,903,382$49,600,997$299,215,633
89$467,333,469$85,843,766$51,189,749$327,983,992
90$514,926,306$89,974,933$52,829,429$359,616,748
91$567,371,244$94,306,160$54,521,669$394,403,145
92$625,163,123$98,847,174$56,268,158$432,661,807
93$688,847,254$103,608,178$58,070,633$474,743,721
94$759,024,567$108,599,872$59,930,893$521,035,539
95$836,357,285$113,833,478$61,850,791$571,963,202
96$921,575,176$119,320,766$63,832,239$627,995,952
97$1,015,482,439$125,074,079$65,877,214$689,650,728
98$1,118,965,300$131,106,361$67,987,754$757,497,038
99$1,233,000,378$137,431,191$70,165,961$832,162,303
100$1,358,663,904$144,062,806$72,414,008$914,337,760