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%12.2%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,390,529
2 years$719,501$706,101$693,114$680,522$668,309$655,292
3 years$474,902$461,445$448,491$436,017$424,003$411,291
4 years$352,627$339,211$326,386$314,126$302,402$290,095
5 years$279,281$265,945$253,289$241,279$229,881$218,015
6 years$230,400$217,164$204,695$192,953$181,897$170,486
7 years$195,499$182,374$170,103$158,637$147,931$136,980
8 years$169,334$156,328$144,261$133,077$122,723$112,232
9 years$148,995$136,112$124,252$113,352$103,351$93,316
10 years$132,733$119,976$108,325$97,710$88,060$78,475
11 years$119,437$106,808$95,368$85,037$75,735$66,593
12 years$108,364$95,865$84,637$74,589$65,630$56,922
13 years$99,003$86,634$75,617$65,851$57,231$48,947
14 years$90,985$78,748$67,942$58,455$50,168$42,298
15 years$84,043$71,937$61,343$52,132$44,172$36,703
16 years$77,975$66,001$55,616$46,678$39,039$31,961
17 years$72,626$60,785$50,609$41,940$34,615$27,914
18 years$67,876$56,168$46,199$37,796$30,778$24,441
19 years$63,632$52,056$42,293$34,152$27,433$21,448
20 years$59,817$48,373$38,815$30,932$24,504$18,856
21 years$56,369$45,057$35,702$28,072$21,928$16,605
22 years$53,240$42,059$32,905$25,524$19,655$14,644
23 years$50,386$39,337$30,382$23,245$17,644$12,930
24 years$47,775$36,856$28,098$21,201$15,859$11,430
25 years$45,376$34,588$26,024$19,362$14,270$10,113
26 years$43,165$32,507$24,136$17,704$12,854$8,955
27 years$41,121$30,593$22,413$16,205$11,589$7,936
28 years$39,227$28,828$20,835$14,847$10,457$7,037
29 years$37,466$27,196$19,389$13,615$9,443$6,244
30 years$35,826$25,683$18,060$12,495$8,532$5,543
31 years$34,295$24,279$16,837$11,476$7,714$4,922
32 years$32,862$22,973$15,709$10,547$6,978$4,373
33 years$31,519$21,756$14,668$9,698$6,315$3,887
34 years$30,258$20,620$13,705$8,923$5,717$3,456
35 years$29,071$19,557$12,813$8,214$5,178$3,073
36 years$27,953$18,563$11,986$7,565$4,692$2,734
37 years$26,898$17,630$11,219$6,970$4,252$2,432
38 years$25,900$16,755$10,506$6,425$3,855$2,164
39 years$24,956$15,933$9,843$5,924$3,496$1,926
40 years$24,062$15,159$9,226$5,464$3,171$1,715
41 years$23,213$14,429$8,651$5,041$2,877$1,527
42 years$22,407$13,742$8,115$4,652$2,610$1,359
43 years$21,641$13,093$7,615$4,295$2,369$1,210
44 years$20,911$12,481$7,148$3,966$2,150$1,078
45 years$20,216$11,902$6,711$3,662$1,952$960
46 years$19,553$11,354$6,304$3,383$1,772$855
47 years$18,920$10,835$5,922$3,125$1,610$762
48 years$18,315$10,343$5,565$2,888$1,462$679
49 years$17,737$9,877$5,231$2,669$1,328$605
50 years$17,184$9,435$4,918$2,467$1,206$539

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 $3,301 every year, while hoping to spend $20,626 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: 66/9/25 Blend
55$17,600,000$17,600,000$17,600,000$17,600,000
56$19,398,605$18,465,805$18,193,005$20,552,695
57$21,355,317$19,348,684$18,780,525$22,213,034
58$23,510,922$20,274,132$19,387,035$24,024,983
59$25,885,686$21,244,214$20,013,151$26,005,611
60$28,501,940$22,261,095$20,659,505$28,171,530
61$31,384,293$23,327,044$21,326,754$30,541,021
62$34,559,864$24,444,442$22,015,573$33,134,207
63$38,058,536$25,615,785$22,726,661$35,973,239
64$41,913,239$26,843,692$23,460,737$39,082,502
65$46,160,264$28,130,906$24,218,545$42,488,842
66$50,839,599$29,480,309$25,000,855$46,221,813
67$55,995,312$30,894,918$25,808,458$50,313,957
68$61,675,965$32,377,901$26,642,173$54,801,105
69$67,935,073$33,932,577$27,502,844$59,722,710
70$74,831,607$35,562,430$28,391,346$65,122,218
71$82,430,552$37,271,110$29,308,578$71,047,472
72$90,803,523$39,062,449$30,255,469$77,551,160
73$100,029,436$40,940,463$31,232,981$84,691,307
74$110,195,256$42,909,364$32,242,104$92,531,819
75$121,396,820$44,973,569$33,283,862$101,143,080
76$133,739,734$47,137,713$34,359,310$110,602,611
77$147,340,380$49,406,654$35,469,540$120,995,798
78$162,327,006$51,785,487$36,615,677$132,416,693
79$178,840,941$54,279,557$37,798,883$144,968,891
80$197,037,931$56,894,469$39,020,359$158,766,508
81$217,089,603$59,636,101$40,281,344$173,935,247
82$239,185,090$62,510,618$41,583,117$190,613,582
83$263,532,816$65,524,485$42,926,998$208,954,055
84$290,362,461$68,684,483$44,314,351$229,124,709
85$319,927,134$71,997,723$45,746,582$251,310,671
86$352,505,755$75,471,666$47,225,147$275,715,884
87$388,405,697$79,114,132$48,751,544$302,565,034
88$427,965,679$82,933,326$50,327,322$332,105,653
89$471,558,972$86,937,852$51,954,081$364,610,453
90$519,596,916$91,136,736$53,633,471$400,379,888
91$572,532,806$95,539,441$55,367,197$439,744,985
92$630,866,173$100,155,894$57,157,019$483,070,452
93$695,147,496$104,996,506$59,004,752$530,758,119
94$765,983,403$110,072,197$60,912,274$583,250,712
95$844,042,394$115,394,419$62,881,519$641,036,027
96$930,061,156$120,975,184$64,914,488$704,651,521
97$1,024,851,515$126,827,088$67,013,245$774,689,375
98$1,129,308,100$132,963,346$69,179,919$851,802,068
99$1,244,416,792$139,397,816$71,416,711$936,708,529
100$1,371,264,026$146,145,030$73,725,893$1,030,200,903