Can I retire at age 56 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,392,631
2 years$723,589$710,113$697,052$684,389$672,106$653,204
3 years$477,601$464,066$451,039$438,495$426,412$407,987
4 years$354,631$341,138$328,241$315,911$304,120$286,314
5 years$280,868$267,456$254,728$242,650$231,188$214,052
6 years$231,709$218,398$205,858$194,049$182,931$166,486
7 years$196,609$183,410$171,069$159,538$148,772$133,024
8 years$170,296$157,217$145,080$133,833$123,420$108,368
9 years$149,842$136,885$124,958$113,996$103,938$89,574
10 years$133,487$120,658$108,941$98,265$88,560$74,875
11 years$120,115$107,415$95,910$85,520$76,165$63,145
12 years$108,980$96,409$85,118$75,013$66,003$53,633
13 years$99,565$87,126$76,047$66,225$57,556$45,820
14 years$91,502$79,195$68,328$58,787$50,453$39,334
15 years$84,521$72,346$61,691$52,428$44,423$33,902
16 years$78,418$66,376$55,932$46,944$39,261$29,318
17 years$73,038$61,130$50,896$42,178$34,812$25,426
18 years$68,262$56,487$46,462$38,011$30,953$22,105
19 years$63,994$52,351$42,533$34,346$27,589$19,257
20 years$60,157$48,648$39,035$31,107$24,643$16,806
21 years$56,690$45,313$35,905$28,232$22,053$14,690
22 years$53,542$42,298$33,092$25,669$19,767$12,857
23 years$50,673$39,561$30,554$23,377$17,744$11,266
24 years$48,046$37,066$28,258$21,322$15,949$9,882
25 years$45,633$34,784$26,172$19,472$14,351$8,675
26 years$43,410$32,692$24,273$17,804$12,927$7,622
27 years$41,355$30,767$22,540$16,297$11,655$6,700
28 years$39,449$28,991$20,954$14,931$10,517$5,894
29 years$37,679$27,350$19,499$13,692$9,496$5,187
30 years$36,030$25,829$18,163$12,566$8,580$4,567
31 years$34,490$24,417$16,933$11,541$7,757$4,023
32 years$33,049$23,104$15,799$10,606$7,017$3,545
33 years$31,698$21,879$14,751$9,753$6,351$3,125
34 years$30,430$20,737$13,783$8,974$5,750$2,755
35 years$29,236$19,669$12,886$8,261$5,208$2,429
36 years$28,112$18,668$12,054$7,608$4,718$2,143
37 years$27,050$17,731$11,283$7,010$4,277$1,890
38 years$26,047$16,850$10,566$6,461$3,877$1,668
39 years$25,098$16,023$9,899$5,958$3,516$1,472
40 years$24,199$15,245$9,278$5,495$3,189$1,299
41 years$23,345$14,511$8,700$5,070$2,893$1,147
42 years$22,535$13,820$8,161$4,679$2,625$1,012
43 years$21,764$13,168$7,658$4,319$2,383$894
44 years$21,030$12,552$7,188$3,988$2,163$789
45 years$20,331$11,969$6,750$3,683$1,963$697
46 years$19,664$11,418$6,339$3,402$1,783$615
47 years$19,028$10,896$5,956$3,143$1,619$543
48 years$18,419$10,402$5,597$2,904$1,470$480
49 years$17,838$9,933$5,261$2,684$1,335$424
50 years$17,281$9,489$4,946$2,481$1,213$374

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,700,000, adding $6,090 every year, while hoping to spend $58,208 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: 84/9/7 Blend
55$17,700,000$17,700,000$17,700,000$17,700,000
56$19,511,682$18,573,582$18,299,232$21,138,383
57$21,439,941$19,421,754$18,850,323$23,049,583
58$23,562,931$20,309,537$19,417,925$25,139,852
59$25,900,454$21,238,808$20,002,530$27,433,862
60$28,474,328$22,211,538$20,604,643$29,952,033
61$31,308,597$23,229,790$21,224,785$32,716,854
62$34,429,752$24,295,728$21,863,494$35,753,092
63$37,866,987$25,411,619$22,521,322$39,088,024
64$41,652,470$26,579,839$23,198,836$42,751,694
65$45,821,649$27,802,878$23,896,624$46,777,192
66$50,413,583$29,083,345$24,615,287$51,200,965
67$55,471,316$30,423,977$25,355,447$56,063,162
68$61,042,277$31,827,639$26,117,741$61,408,003
69$67,178,733$33,297,336$26,902,828$67,284,202
70$73,938,276$34,836,218$27,711,386$73,745,418
71$81,384,373$36,447,585$28,544,110$80,850,764
72$89,586,960$38,134,898$29,401,719$88,665,356
73$98,623,105$39,901,783$30,284,951$97,260,931
74$108,577,732$41,752,041$31,194,567$106,716,515
75$119,544,426$43,689,656$32,131,351$117,119,171
76$131,626,313$45,718,805$33,096,106$128,564,815
77$144,937,035$47,843,865$34,089,665$141,159,116
78$159,601,824$50,069,426$35,112,880$155,018,493
79$175,758,680$52,400,297$36,166,631$170,271,208
80$193,559,675$54,841,521$37,251,823$187,058,574
81$213,172,390$57,398,384$38,369,388$205,536,284
82$234,781,496$60,076,427$39,520,284$225,875,876
83$258,590,494$62,881,458$40,705,499$248,266,349
84$284,823,641$65,819,565$41,926,049$272,915,939
85$313,728,061$68,897,133$43,182,981$300,054,086
86$345,576,084$72,120,852$44,477,371$329,933,587
87$380,667,809$75,497,739$45,810,327$362,832,982
88$419,333,943$79,035,146$47,182,991$399,059,179
89$461,938,920$82,740,783$48,596,537$438,950,338
90$508,884,342$86,622,734$50,052,173$482,879,066
91$560,612,769$90,689,471$51,551,144$531,255,921
92$617,611,894$94,949,878$53,094,730$584,533,285
93$680,419,154$99,413,269$54,684,251$643,209,626
94$749,626,797$104,089,408$56,321,062$707,834,196
95$825,887,472$108,988,531$58,006,560$779,012,211
96$909,920,398$114,121,372$59,742,182$857,410,550
97$1,002,518,142$119,499,183$61,529,409$943,764,050
98$1,104,554,111$125,133,761$63,369,763$1,038,882,430
99$1,216,990,790$131,037,476$65,264,810$1,143,657,926
100$1,340,888,835$137,223,296$67,216,165$1,259,073,705