Can I retire at age 56 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,377,366
2 years$719,501$706,101$693,114$680,522$668,309$642,129
3 years$474,902$461,445$448,491$436,017$424,003$398,541
4 years$352,627$339,211$326,386$314,126$302,402$277,855
5 years$279,281$265,945$253,289$241,279$229,881$206,318
6 years$230,400$217,164$204,695$192,953$181,897$159,345
7 years$195,499$182,374$170,103$158,637$147,931$126,395
8 years$169,334$156,328$144,261$133,077$122,723$102,198
9 years$148,995$136,112$124,252$113,352$103,351$83,824
10 years$132,733$119,976$108,325$97,710$88,060$69,514
11 years$119,437$106,808$95,368$85,037$75,735$58,148
12 years$108,364$95,865$84,637$74,589$65,630$48,978
13 years$99,003$86,634$75,617$65,851$57,231$41,487
14 years$90,985$78,748$67,942$58,455$50,168$35,305
15 years$84,043$71,937$61,343$52,132$44,172$30,159
16 years$77,975$66,001$55,616$46,678$39,039$25,845
17 years$72,626$60,785$50,609$41,940$34,615$22,208
18 years$67,876$56,168$46,199$37,796$30,778$19,127
19 years$63,632$52,056$42,293$34,152$27,433$16,504
20 years$59,817$48,373$38,815$30,932$24,504$14,265
21 years$56,369$45,057$35,702$28,072$21,928$12,347
22 years$53,240$42,059$32,905$25,524$19,655$10,699
23 years$50,386$39,337$30,382$23,245$17,644$9,282
24 years$47,775$36,856$28,098$21,201$15,859$8,059
25 years$45,376$34,588$26,024$19,362$14,270$7,002
26 years$43,165$32,507$24,136$17,704$12,854$6,089
27 years$41,121$30,593$22,413$16,205$11,589$5,297
28 years$39,227$28,828$20,835$14,847$10,457$4,611
29 years$37,466$27,196$19,389$13,615$9,443$4,015
30 years$35,826$25,683$18,060$12,495$8,532$3,498
31 years$34,295$24,279$16,837$11,476$7,714$3,048
32 years$32,862$22,973$15,709$10,547$6,978$2,657
33 years$31,519$21,756$14,668$9,698$6,315$2,317
34 years$30,258$20,620$13,705$8,923$5,717$2,020
35 years$29,071$19,557$12,813$8,214$5,178$1,762
36 years$27,953$18,563$11,986$7,565$4,692$1,537
37 years$26,898$17,630$11,219$6,970$4,252$1,341
38 years$25,900$16,755$10,506$6,425$3,855$1,170
39 years$24,956$15,933$9,843$5,924$3,496$1,021
40 years$24,062$15,159$9,226$5,464$3,171$892
41 years$23,213$14,429$8,651$5,041$2,877$778
42 years$22,407$13,742$8,115$4,652$2,610$679
43 years$21,641$13,093$7,615$4,295$2,369$593
44 years$20,911$12,481$7,148$3,966$2,150$518
45 years$20,216$11,902$6,711$3,662$1,952$452
46 years$19,553$11,354$6,304$3,383$1,772$395
47 years$18,920$10,835$5,922$3,125$1,610$345
48 years$18,315$10,343$5,565$2,888$1,462$301
49 years$17,737$9,877$5,231$2,669$1,328$263
50 years$17,184$9,435$4,918$2,467$1,206$229

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,600,000, adding $3,131 every year, while hoping to spend $59,024 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: 62/25/13 Blend
55$17,600,000$17,600,000$17,600,000$17,600,000
56$19,398,430$18,465,630$18,192,830$20,540,434
57$21,314,268$19,307,644$18,739,488$22,148,949
58$23,423,544$20,188,940$19,302,482$23,897,009
59$25,745,926$21,111,378$19,882,295$25,803,726
60$28,303,086$22,076,911$20,479,427$27,884,487
61$31,118,905$23,087,583$21,094,392$30,156,213
62$34,219,698$24,145,540$21,727,719$32,637,517
63$37,634,462$25,253,026$22,379,952$35,348,874
64$41,395,148$26,412,396$23,051,653$38,312,807
65$45,536,967$27,626,117$23,743,397$41,554,097
66$50,098,717$28,896,775$24,455,779$45,100,012
67$55,123,149$30,227,081$25,189,411$48,980,553
68$60,657,376$31,619,874$25,944,922$53,228,741
69$66,753,312$33,078,131$26,722,961$57,880,911
70$73,468,163$34,604,972$27,524,193$62,977,059
71$80,864,968$36,203,669$28,349,306$68,561,205
72$89,013,194$37,877,647$29,199,006$74,681,804
73$97,989,388$39,630,500$30,074,022$81,392,199
74$107,877,905$41,465,994$30,975,101$88,751,112
75$118,771,699$43,388,076$31,903,014$96,823,191
76$130,773,203$45,400,882$32,858,556$105,679,615
77$143,995,294$47,508,750$33,842,542$115,398,753
78$158,562,360$49,716,225$34,855,813$126,066,897
79$174,611,473$52,028,071$35,899,235$137,779,067
80$192,293,681$54,449,285$36,973,697$150,639,894
81$211,775,437$56,985,101$38,080,117$164,764,602
82$233,240,168$59,641,007$39,219,437$180,280,082
83$256,890,007$62,422,758$40,392,630$197,326,079
84$282,947,698$65,336,383$41,600,693$216,056,497
85$311,658,703$68,388,206$42,844,656$236,640,843
86$343,293,516$71,584,854$44,125,578$259,265,808
87$378,150,218$74,933,275$45,444,548$284,137,023
88$416,557,287$78,440,752$46,802,687$311,480,978
89$458,876,704$82,114,922$48,201,150$341,547,151
90$505,507,363$85,963,789$49,641,125$374,610,342
91$556,888,845$89,995,746$51,123,834$410,973,255
92$613,505,560$94,219,590$52,650,535$450,969,336
93$675,891,323$98,644,545$54,222,523$494,965,901
94$744,634,391$103,280,281$55,841,131$543,367,587
95$820,383,020$108,136,936$57,507,730$596,620,152
96$903,851,581$113,225,139$59,223,732$655,214,659
97$995,827,304$118,556,032$60,990,588$719,692,094
98$1,097,177,710$124,141,300$62,809,795$790,648,448
99$1,208,858,803$129,993,190$64,682,889$868,740,319
100$1,331,924,090$136,124,545$66,611,455$954,691,087