Can I retire at age 55 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,232,065
2 years$654,092$641,910$630,104$618,657$607,554$563,874
3 years$431,730$419,495$407,719$396,379$385,457$343,268
4 years$320,570$308,373$296,715$285,569$274,911$234,535
5 years$253,892$241,768$230,263$219,344$208,983$170,526
6 years$209,455$197,422$186,087$175,411$165,361$128,854
7 years$177,726$165,795$154,639$144,215$134,483$99,919
8 years$153,940$142,117$131,146$120,979$111,567$78,919
9 years$135,450$123,738$112,956$103,047$93,955$63,183
10 years$120,667$109,069$98,478$88,828$80,054$51,107
11 years$108,579$97,098$86,698$77,307$68,850$41,670
12 years$98,513$87,150$76,942$67,808$59,664$34,189
13 years$90,002$78,758$68,743$59,865$52,028$28,191
14 years$82,714$71,589$61,766$53,141$45,607$23,339
15 years$76,403$65,398$55,766$47,392$40,156$19,386
16 years$70,886$60,001$50,560$42,435$35,490$16,145
17 years$66,023$55,259$46,008$38,127$31,468$13,475
18 years$61,706$51,062$41,999$34,360$27,980$11,268
19 years$57,847$47,323$38,448$31,048$24,939$9,436
20 years$54,379$43,975$35,286$28,120$22,276$7,911
21 years$51,245$40,961$32,456$25,520$19,935$6,640
22 years$48,400$38,236$29,913$23,204$17,869$5,578
23 years$45,806$35,761$27,620$21,132$16,040$4,690
24 years$43,431$33,506$25,544$19,274$14,417$3,945
25 years$41,250$31,444$23,659$17,602$12,973$3,320
26 years$39,241$29,552$21,942$16,094$11,686$2,795
27 years$37,383$27,812$20,375$14,731$10,536$2,354
28 years$35,661$26,207$18,941$13,497$9,506$1,984
29 years$34,060$24,723$17,627$12,377$8,584$1,672
30 years$32,569$23,348$16,418$11,359$7,756$1,409
31 years$31,177$22,072$15,306$10,433$7,012$1,188
32 years$29,875$20,885$14,281$9,588$6,343$1,002
33 years$28,654$19,778$13,334$8,817$5,741$845
34 years$27,507$18,745$12,459$8,112$5,197$712
35 years$26,428$17,779$11,648$7,468$4,708$601
36 years$25,412$16,875$10,897$6,878$4,265$507
37 years$24,452$16,028$10,199$6,337$3,866$428
38 years$23,546$15,232$9,551$5,841$3,505$361
39 years$22,688$14,484$8,948$5,385$3,178$304
40 years$21,875$13,780$8,387$4,967$2,883$257
41 years$21,103$13,118$7,864$4,583$2,615$217
42 years$20,370$12,493$7,377$4,230$2,373$183
43 years$19,674$11,903$6,922$3,904$2,154$154
44 years$19,010$11,346$6,498$3,605$1,955$130
45 years$18,378$10,820$6,101$3,329$1,775$110
46 years$17,776$10,322$5,731$3,075$1,611$93
47 years$17,200$9,850$5,384$2,841$1,463$78
48 years$16,650$9,403$5,059$2,625$1,329$66
49 years$16,125$8,979$4,755$2,426$1,207$56
50 years$15,622$8,577$4,471$2,243$1,096$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,000,000, adding $5,159 every year, while hoping to spend $36,821 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: 81/12/7 Blend
54$16,000,000$16,000,000$16,000,000$16,000,000
55$17,637,322$16,789,322$16,541,322$19,053,064
56$19,397,151$17,572,821$17,056,279$20,763,847
57$21,335,249$18,393,478$17,587,253$22,635,662
58$23,469,760$19,253,074$18,134,741$24,688,899
59$25,820,678$20,153,477$18,699,258$26,941,678
60$28,410,036$21,096,646$19,281,331$29,413,949
61$31,262,111$22,084,633$19,881,507$32,127,682
62$34,403,656$23,119,590$20,500,347$35,107,070
63$37,864,152$24,203,773$21,138,432$38,378,753
64$41,676,086$25,339,548$21,796,360$41,972,069
65$45,875,256$26,529,395$22,474,747$45,919,332
66$50,501,109$27,775,912$23,174,228$50,256,125
67$55,597,117$29,081,827$23,895,459$55,021,642
68$61,211,181$30,449,995$24,639,116$60,259,050
69$67,396,090$31,883,413$25,405,894$66,015,897
70$74,210,012$33,385,221$26,196,513$72,344,553
71$81,717,049$34,958,713$27,011,712$79,302,705
72$89,987,839$36,607,341$27,852,256$86,953,894
73$99,100,223$38,334,725$28,718,930$95,368,117
74$109,139,979$40,144,659$29,612,547$104,622,477
75$120,201,633$42,041,124$30,533,944$114,801,912
76$132,389,352$44,028,291$31,483,983$125,999,991
77$145,817,923$46,110,534$32,463,554$138,319,790
78$160,613,841$48,292,440$33,473,573$151,874,866
79$176,916,501$50,578,819$34,514,986$166,790,319
80$194,879,514$52,974,711$35,588,768$183,203,970
81$214,672,157$55,485,404$36,695,924$201,267,658
82$236,480,970$58,116,441$37,837,490$221,148,665
83$260,511,517$60,873,636$39,014,535$243,031,293
84$286,990,329$63,763,081$40,228,159$267,118,592
85$316,167,039$66,791,169$41,479,499$293,634,278
86$348,316,740$69,964,599$42,769,725$322,824,833
87$383,742,582$73,290,398$44,100,045$354,961,825
88$422,778,631$76,775,934$45,471,703$390,344,469
89$465,793,029$80,428,932$46,885,982$429,302,438
90$513,191,460$84,257,492$48,344,205$472,198,972
91$565,420,989$88,270,109$49,847,736$519,434,297
92$622,974,277$92,475,691$51,397,981$571,449,396
93$686,394,230$96,883,577$52,996,391$628,730,158
94$756,279,131$101,503,561$54,644,459$691,811,965
95$833,288,281$106,345,915$56,343,727$761,284,726
96$918,148,228$111,421,407$58,095,785$837,798,443
97$1,011,659,623$116,741,331$59,902,269$922,069,334
98$1,114,704,779$122,317,531$61,764,869$1,014,886,583
99$1,228,256,000$128,162,424$63,685,326$1,117,119,777
100$1,353,384,764$134,289,034$65,665,436$1,229,727,108