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%13.5%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,375,189
2 years$715,413$702,089$689,176$676,656$664,512$644,116
3 years$472,204$458,823$445,942$433,540$421,594$401,723
4 years$350,624$337,283$324,532$312,341$300,684$281,492
5 years$277,695$264,434$251,850$239,908$228,575$210,117
6 years$229,091$215,930$203,532$191,856$180,864$163,160
7 years$194,388$181,338$169,136$157,736$147,091$130,149
8 years$168,372$155,440$143,441$132,321$122,026$105,843
9 years$148,149$135,339$123,546$112,708$102,763$87,332
10 years$131,979$119,294$107,710$97,155$87,560$72,867
11 years$118,758$106,201$94,826$84,554$75,304$61,337
12 years$107,749$95,320$84,156$74,165$65,257$51,998
13 years$98,440$86,142$75,188$65,477$56,905$44,336
14 years$90,468$78,300$67,556$58,123$49,883$37,984
15 years$83,566$71,529$60,994$51,836$43,921$32,671
16 years$77,532$65,626$55,300$46,413$38,817$28,195
17 years$72,213$60,439$50,321$41,702$34,418$24,400
18 years$67,491$55,849$45,937$37,582$30,603$21,167
19 years$63,271$51,760$42,053$33,958$27,277$18,400
20 years$59,477$48,098$38,594$30,756$24,364$16,023
21 years$56,049$44,801$35,499$27,913$21,803$13,973
22 years$52,937$41,820$32,718$25,379$19,544$12,202
23 years$50,100$39,114$30,209$23,113$17,544$10,667
24 years$47,503$36,647$27,938$21,081$15,769$9,335
25 years$45,118$34,391$25,877$19,252$14,189$8,176
26 years$42,919$32,322$23,999$17,603$12,781$7,166
27 years$40,887$30,419$22,285$16,113$11,523$6,284
28 years$39,004$28,664$20,717$14,763$10,398$5,515
29 years$37,253$27,041$19,279$13,538$9,389$4,842
30 years$35,622$25,537$17,958$12,424$8,483$4,253
31 years$34,100$24,141$16,741$11,411$7,670$3,737
32 years$32,675$22,843$15,620$10,487$6,938$3,284
33 years$31,340$21,632$14,585$9,643$6,279$2,888
34 years$30,086$20,502$13,627$8,873$5,685$2,539
35 years$28,906$19,446$12,740$8,168$5,149$2,234
36 years$27,794$18,457$11,918$7,522$4,665$1,965
37 years$26,745$17,530$11,155$6,931$4,228$1,729
38 years$25,753$16,660$10,446$6,388$3,833$1,522
39 years$24,815$15,842$9,787$5,890$3,476$1,340
40 years$23,925$15,072$9,173$5,433$3,153$1,179
41 years$23,082$14,347$8,602$5,013$2,860$1,038
42 years$22,280$13,664$8,069$4,626$2,596$914
43 years$21,518$13,019$7,571$4,270$2,356$805
44 years$20,792$12,410$7,107$3,943$2,138$709
45 years$20,101$11,834$6,673$3,641$1,941$624
46 years$19,442$11,289$6,268$3,364$1,762$550
47 years$18,813$10,773$5,888$3,108$1,600$484
48 years$18,211$10,285$5,534$2,872$1,453$426
49 years$17,636$9,821$5,201$2,654$1,320$376
50 years$17,086$9,382$4,890$2,453$1,199$331

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 $6,275 every year, while hoping to spend $22,210 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: 60/27/13 Blend
55$17,500,000$17,500,000$17,500,000$17,500,000
56$19,291,473$18,363,973$18,092,723$20,387,088
57$21,235,572$19,240,176$18,675,198$22,001,323
58$23,377,224$20,158,569$19,276,441$23,758,339
59$25,736,558$21,121,195$19,897,058$25,674,418
60$28,335,751$22,130,198$20,537,674$27,764,917
61$31,199,245$23,187,826$21,198,934$30,046,719
62$34,353,973$24,296,434$21,881,503$32,538,389
63$37,829,614$25,458,495$22,586,069$35,260,344
64$41,658,873$26,676,600$23,313,341$38,235,038
65$45,877,793$27,953,468$24,064,052$41,487,169
66$50,526,087$29,291,948$24,838,958$45,043,907
67$55,647,524$30,695,029$25,638,839$48,935,141
68$61,290,333$32,165,846$26,464,501$53,193,757
69$67,507,661$33,707,687$27,316,776$57,855,940
70$74,358,076$35,323,997$28,196,522$62,961,506
71$81,906,120$37,018,393$29,104,625$68,554,272
72$90,222,914$38,794,665$30,042,001$74,682,462
73$99,386,837$40,656,789$31,009,593$81,399,151
74$109,484,257$42,608,934$32,008,377$88,762,759
75$120,610,353$44,655,474$33,039,360$96,837,592
76$132,870,010$46,800,993$34,103,579$105,694,438
77$146,378,810$49,050,300$35,202,108$115,411,227
78$161,264,123$51,408,440$36,336,053$126,073,752
79$177,666,311$53,880,700$37,506,558$137,776,472
80$195,740,048$56,472,629$38,714,802$150,623,389
81$215,655,788$59,190,043$39,962,003$164,729,017
82$237,601,367$62,039,043$41,249,418$180,219,450
83$261,783,778$65,026,028$42,578,345$197,233,540
84$288,431,128$68,157,708$43,950,124$215,924,190
85$317,794,788$71,441,120$45,366,138$236,459,787
86$350,151,767$74,883,646$46,827,815$259,025,771
87$385,807,329$78,493,026$48,336,628$283,826,374
88$425,097,870$82,277,377$49,894,098$311,086,524
89$468,394,099$86,245,216$51,501,797$341,053,958
90$516,104,536$90,405,470$53,161,346$374,001,534
91$568,679,366$94,767,505$54,874,418$410,229,794
92$626,614,691$99,341,143$56,642,741$450,069,774
93$690,457,216$104,136,685$58,468,099$493,886,112
94$760,809,405$109,164,935$60,352,333$542,080,466
95$838,335,172$114,437,225$62,297,344$595,095,281
96$923,766,148$119,965,438$64,305,094$653,417,940
97$1,017,908,589$125,762,038$66,377,608$717,585,342
98$1,121,650,984$131,840,097$68,516,978$788,188,940
99$1,235,972,450$138,213,327$70,725,362$865,880,300
100$1,361,951,966$144,896,107$73,004,988$951,377,214