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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,366,749
2 years$719,501$706,101$693,114$680,522$668,309$631,584
3 years$474,902$461,445$448,491$436,017$424,003$388,403
4 years$352,627$339,211$326,386$314,126$302,402$268,201
5 years$279,281$265,945$253,289$241,279$229,881$197,173
6 years$230,400$217,164$204,695$192,953$181,897$150,713
7 years$195,499$182,374$170,103$158,637$147,931$118,274
8 years$169,334$156,328$144,261$133,077$122,723$94,579
9 years$148,995$136,112$124,252$113,352$103,351$76,694
10 years$132,733$119,976$108,325$97,710$88,060$62,858
11 years$119,437$106,808$95,368$85,037$75,735$51,949
12 years$108,364$95,865$84,637$74,589$65,630$43,218
13 years$99,003$86,634$75,617$65,851$57,231$36,147
14 years$90,985$78,748$67,942$58,455$50,168$30,364
15 years$84,043$71,937$61,343$52,132$44,172$25,598
16 years$77,975$66,001$55,616$46,678$39,039$21,643
17 years$72,626$60,785$50,609$41,940$34,615$18,344
18 years$67,876$56,168$46,199$37,796$30,778$15,580
19 years$63,632$52,056$42,293$34,152$27,433$13,255
20 years$59,817$48,373$38,815$30,932$24,504$11,293
21 years$56,369$45,057$35,702$28,072$21,928$9,634
22 years$53,240$42,059$32,905$25,524$19,655$8,227
23 years$50,386$39,337$30,382$23,245$17,644$7,031
24 years$47,775$36,856$28,098$21,201$15,859$6,014
25 years$45,376$34,588$26,024$19,362$14,270$5,147
26 years$43,165$32,507$24,136$17,704$12,854$4,408
27 years$41,121$30,593$22,413$16,205$11,589$3,776
28 years$39,227$28,828$20,835$14,847$10,457$3,236
29 years$37,466$27,196$19,389$13,615$9,443$2,775
30 years$35,826$25,683$18,060$12,495$8,532$2,380
31 years$34,295$24,279$16,837$11,476$7,714$2,041
32 years$32,862$22,973$15,709$10,547$6,978$1,752
33 years$31,519$21,756$14,668$9,698$6,315$1,503
34 years$30,258$20,620$13,705$8,923$5,717$1,290
35 years$29,071$19,557$12,813$8,214$5,178$1,107
36 years$27,953$18,563$11,986$7,565$4,692$951
37 years$26,898$17,630$11,219$6,970$4,252$816
38 years$25,900$16,755$10,506$6,425$3,855$701
39 years$24,956$15,933$9,843$5,924$3,496$602
40 years$24,062$15,159$9,226$5,464$3,171$517
41 years$23,213$14,429$8,651$5,041$2,877$444
42 years$22,407$13,742$8,115$4,652$2,610$381
43 years$21,641$13,093$7,615$4,295$2,369$327
44 years$20,911$12,481$7,148$3,966$2,150$281
45 years$20,216$11,902$6,711$3,662$1,952$242
46 years$19,553$11,354$6,304$3,383$1,772$208
47 years$18,920$10,835$5,922$3,125$1,610$178
48 years$18,315$10,343$5,565$2,888$1,462$153
49 years$17,737$9,877$5,231$2,669$1,328$132
50 years$17,184$9,435$4,918$2,467$1,206$113

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 $2,559 every year, while hoping to spend $30,894 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: 74/6/20 Blend
55$17,600,000$17,600,000$17,600,000$17,600,000
56$19,397,840$18,465,040$18,192,240$20,740,851
57$21,343,548$19,336,956$18,768,809$22,504,615
58$23,486,684$20,250,560$19,363,657$24,432,845
59$25,847,351$21,207,863$19,977,365$26,545,119
60$28,447,705$22,210,972$20,610,531$28,859,760
61$31,312,158$23,262,097$21,263,771$31,396,944
62$34,467,613$24,363,555$21,937,723$34,178,886
63$37,943,716$25,517,775$22,633,043$37,230,051
64$41,773,134$26,727,305$23,350,408$40,577,378
65$45,991,866$27,994,816$24,090,520$44,250,537
66$50,639,582$29,323,107$24,854,097$48,282,203
67$55,759,996$30,715,116$25,641,886$52,708,364
68$61,401,280$32,173,921$26,454,654$57,568,655
69$67,616,519$33,702,752$27,293,193$62,906,733
70$74,464,210$35,304,993$28,158,321$68,770,682
71$82,008,815$36,984,193$29,050,881$75,213,470
72$90,321,373$38,744,077$29,971,744$82,293,440
73$99,480,162$40,588,546$30,921,806$90,074,858
74$109,571,447$42,521,693$31,901,995$98,628,521
75$120,690,288$44,547,810$32,913,266$108,032,417
76$132,941,442$46,671,397$33,956,605$118,372,459
77$146,440,347$48,897,174$35,033,029$129,743,293
78$161,314,216$51,230,088$36,143,589$142,249,185
79$177,703,232$53,675,329$37,289,366$156,005,005
80$195,761,880$56,238,338$38,471,477$171,137,303
81$215,660,397$58,924,822$39,691,077$187,785,504
82$237,586,383$61,740,764$40,949,354$206,103,214
83$261,746,571$64,692,438$42,247,534$226,259,668
84$288,368,779$67,786,426$43,586,884$248,441,323
85$317,704,061$71,029,626$44,968,711$272,853,612
86$350,029,073$74,429,277$46,394,361$299,722,880
87$385,648,692$77,992,964$47,865,225$329,298,509
88$424,898,886$81,728,647$49,382,738$361,855,275
89$468,149,892$85,644,670$50,948,379$397,695,928
90$515,809,707$89,749,785$52,563,676$437,154,049
91$568,327,942$94,053,169$54,230,204$480,597,191
92$626,200,064$98,564,447$55,949,588$528,430,339
93$689,972,077$103,293,712$57,723,506$581,099,730
94$760,245,674$108,251,548$59,553,688$639,097,056
95$837,683,915$113,449,056$61,441,918$702,964,099
96$923,017,491$118,897,877$63,390,040$773,297,836
97$1,017,051,622$124,610,220$65,399,953$850,756,069
98$1,120,673,654$130,598,887$67,473,618$936,063,621
99$1,234,861,441$136,877,306$69,613,058$1,030,019,178
100$1,360,692,572$143,459,559$71,820,360$1,133,502,810