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%11.7%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,385,519
2 years$715,413$702,089$689,176$676,656$664,512$654,473
3 years$472,204$458,823$445,942$433,540$421,594$411,782
4 years$350,624$337,283$324,532$312,341$300,684$291,176
5 years$277,695$264,434$251,850$239,908$228,575$219,398
6 years$229,091$215,930$203,532$191,856$180,864$172,030
7 years$194,388$181,338$169,136$157,736$147,091$138,604
8 years$168,372$155,440$143,441$132,321$122,026$113,886
9 years$148,149$135,339$123,546$112,708$102,763$94,969
10 years$131,979$119,294$107,710$97,155$87,560$80,106
11 years$118,758$106,201$94,826$84,554$75,304$68,186
12 years$107,749$95,320$84,156$74,165$65,257$58,468
13 years$98,440$86,142$75,188$65,477$56,905$50,438
14 years$90,468$78,300$67,556$58,123$49,883$43,730
15 years$83,566$71,529$60,994$51,836$43,921$38,073
16 years$77,532$65,626$55,300$46,413$38,817$33,267
17 years$72,213$60,439$50,321$41,702$34,418$29,156
18 years$67,491$55,849$45,937$37,582$30,603$25,619
19 years$63,271$51,760$42,053$33,958$27,277$22,562
20 years$59,477$48,098$38,594$30,756$24,364$19,909
21 years$56,049$44,801$35,499$27,913$21,803$17,597
22 years$52,937$41,820$32,718$25,379$19,544$15,577
23 years$50,100$39,114$30,209$23,113$17,544$13,806
24 years$47,503$36,647$27,938$21,081$15,769$12,251
25 years$45,118$34,391$25,877$19,252$14,189$10,881
26 years$42,919$32,322$23,999$17,603$12,781$9,674
27 years$40,887$30,419$22,285$16,113$11,523$8,607
28 years$39,004$28,664$20,717$14,763$10,398$7,662
29 years$37,253$27,041$19,279$13,538$9,389$6,826
30 years$35,622$25,537$17,958$12,424$8,483$6,084
31 years$34,100$24,141$16,741$11,411$7,670$5,426
32 years$32,675$22,843$15,620$10,487$6,938$4,840
33 years$31,340$21,632$14,585$9,643$6,279$4,320
34 years$30,086$20,502$13,627$8,873$5,685$3,857
35 years$28,906$19,446$12,740$8,168$5,149$3,444
36 years$27,794$18,457$11,918$7,522$4,665$3,076
37 years$26,745$17,530$11,155$6,931$4,228$2,749
38 years$25,753$16,660$10,446$6,388$3,833$2,456
39 years$24,815$15,842$9,787$5,890$3,476$2,196
40 years$23,925$15,072$9,173$5,433$3,153$1,963
41 years$23,082$14,347$8,602$5,013$2,860$1,755
42 years$22,280$13,664$8,069$4,626$2,596$1,569
43 years$21,518$13,019$7,571$4,270$2,356$1,404
44 years$20,792$12,410$7,107$3,943$2,138$1,255
45 years$20,101$11,834$6,673$3,641$1,941$1,123
46 years$19,442$11,289$6,268$3,364$1,762$1,005
47 years$18,813$10,773$5,888$3,108$1,600$899
48 years$18,211$10,285$5,534$2,872$1,453$804
49 years$17,636$9,821$5,201$2,654$1,320$720
50 years$17,086$9,382$4,890$2,453$1,199$644

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 $3,816 every year, while hoping to spend $38,403 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: 66/20/14 Blend
55$17,500,000$17,500,000$17,500,000$17,500,000
56$19,288,936$18,361,436$18,090,186$20,498,605
57$21,215,547$19,220,286$18,655,347$22,165,493
58$23,337,385$20,119,933$19,238,153$23,981,926
59$25,674,323$21,062,334$19,839,156$25,966,411
60$28,248,260$22,049,544$20,458,923$28,135,389
61$31,083,325$23,083,714$21,098,040$30,506,947
62$34,206,110$24,167,101$21,757,110$33,100,985
63$37,645,915$25,302,072$22,436,756$35,939,403
64$41,435,031$26,491,106$23,137,619$39,046,296
65$45,609,037$27,736,803$23,860,362$42,448,186
66$50,207,142$29,041,890$24,605,668$46,174,260
67$55,272,553$30,409,224$25,374,240$50,256,645
68$60,852,880$31,841,803$26,166,804$54,730,704
69$67,000,590$33,342,768$26,984,108$59,635,363
70$73,773,499$34,915,412$27,826,925$65,013,476
71$81,235,319$36,563,190$28,696,049$70,912,221
72$89,456,257$38,289,723$29,592,303$77,383,542
73$98,513,682$40,098,805$30,516,531$84,484,628
74$108,492,850$41,994,419$31,469,607$92,278,450
75$119,487,712$43,980,737$32,452,431$100,834,345
76$131,601,801$46,062,135$33,465,929$110,228,669
77$144,949,206$48,243,202$34,511,060$120,545,502
78$159,655,654$50,528,747$35,588,809$131,877,438
79$175,859,691$52,923,816$36,700,194$144,326,451
80$193,713,993$55,433,696$37,846,264$158,004,848
81$213,386,807$58,063,934$39,028,100$173,036,318
82$235,063,538$60,820,344$40,246,819$189,557,092
83$258,948,502$63,709,024$41,503,570$207,717,216
84$285,266,849$66,736,366$42,799,540$227,681,962
85$314,266,694$69,909,074$44,135,950$249,633,372
86$346,221,455$73,234,177$45,514,064$273,771,966
87$381,432,439$76,719,047$46,935,180$300,318,624
88$420,231,679$80,371,412$48,400,640$329,516,658
89$462,985,075$84,199,376$49,911,826$361,634,095
90$510,095,846$88,211,438$51,470,165$396,966,191
91$562,008,333$92,416,510$53,077,127$435,838,209
92$619,212,199$96,823,935$54,734,227$478,608,471
93$682,247,049$101,443,513$56,443,029$525,671,724
94$751,707,522$106,285,520$58,205,145$577,462,850
95$828,248,909$111,360,730$60,022,236$634,460,958
96$912,593,334$116,680,442$61,896,018$697,193,881
97$1,005,536,577$122,256,506$63,828,257$766,243,147
98$1,107,955,580$128,101,347$65,820,776$842,249,445
99$1,220,816,731$134,227,995$67,875,454$925,918,655
100$1,345,184,985$140,650,114$69,994,229$1,018,028,487