Can I retire at age 55 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,264,129
2 years$658,180$645,922$634,042$622,523$611,351$591,544
3 years$434,428$422,117$410,267$398,857$387,866$368,576
4 years$322,574$310,301$298,569$287,354$276,629$258,004
5 years$255,479$243,280$231,702$220,715$210,289$192,383
6 years$210,764$198,656$187,250$176,508$166,395$149,228
7 years$178,837$166,831$155,605$145,117$135,323$118,902
8 years$154,902$143,005$131,966$121,735$112,264$96,585
9 years$136,297$124,512$113,662$103,691$94,542$79,599
10 years$121,421$109,751$99,093$89,383$80,555$66,334
11 years$109,257$97,705$87,240$77,790$69,280$55,768
12 years$99,129$87,694$77,423$68,232$60,036$47,216
13 years$90,565$79,250$69,173$60,239$52,353$40,206
14 years$83,231$72,036$62,152$53,473$45,892$34,399
15 years$76,880$65,806$56,115$47,689$40,407$29,547
16 years$71,329$60,376$50,876$42,700$35,712$25,464
17 years$66,436$55,604$46,295$38,366$31,665$22,006
18 years$62,092$51,381$42,262$34,575$28,155$19,062
19 years$58,209$47,619$38,689$31,242$25,095$16,546
20 years$54,719$44,250$35,506$28,295$22,415$14,387
21 years$51,565$41,217$32,659$25,680$20,059$12,528
22 years$48,702$38,475$30,100$23,349$17,980$10,923
23 years$46,092$35,985$27,792$21,264$16,140$9,534
24 years$43,703$33,715$25,703$19,394$14,507$8,330
25 years$41,508$31,640$23,806$17,712$13,054$7,284
26 years$39,486$29,737$22,079$16,195$11,759$6,374
27 years$37,616$27,986$20,502$14,824$10,601$5,582
28 years$35,883$26,371$19,060$13,582$9,566$4,890
29 years$34,273$24,878$17,737$12,455$8,638$4,286
30 years$32,773$23,494$16,521$11,430$7,805$3,759
31 years$31,372$22,210$15,402$10,498$7,056$3,297
32 years$30,061$21,015$14,370$9,648$6,383$2,893
33 years$28,833$19,902$13,418$8,872$5,777$2,539
34 years$27,679$18,862$12,537$8,163$5,230$2,230
35 years$26,593$17,891$11,721$7,514$4,737$1,958
36 years$25,571$16,981$10,965$6,921$4,292$1,720
37 years$24,605$16,128$10,263$6,376$3,890$1,511
38 years$23,693$15,327$9,611$5,877$3,527$1,327
39 years$22,829$14,575$9,004$5,419$3,198$1,166
40 years$22,011$13,867$8,440$4,998$2,901$1,025
41 years$21,235$13,200$7,914$4,612$2,632$901
42 years$20,498$12,571$7,423$4,256$2,388$792
43 years$19,797$11,978$6,966$3,929$2,167$696
44 years$19,129$11,417$6,539$3,628$1,967$612
45 years$18,493$10,887$6,139$3,350$1,786$538
46 years$17,887$10,386$5,766$3,095$1,621$473
47 years$17,308$9,911$5,417$2,859$1,472$416
48 years$16,754$9,462$5,091$2,642$1,337$366
49 years$16,225$9,035$4,785$2,442$1,214$321
50 years$15,719$8,631$4,499$2,257$1,103$283

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,100,000, adding $2,176 every year, while hoping to spend $33,766 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: 71/12/17 Blend
54$16,100,000$16,100,000$16,100,000$16,100,000
55$17,744,445$16,891,145$16,641,595$18,933,522
56$19,518,451$17,682,884$17,163,161$20,516,047
57$21,472,275$18,512,287$17,701,069$22,243,766
58$23,624,221$19,381,163$18,255,829$24,134,432
59$25,994,462$20,291,410$18,827,969$26,204,161
60$28,605,225$21,245,017$19,418,034$28,470,690
61$31,481,004$22,244,070$20,026,585$30,953,546
62$34,648,792$23,290,755$20,654,201$33,674,223
63$38,138,331$24,387,364$21,301,479$36,656,387
64$41,982,397$25,536,301$21,969,035$39,926,094
65$46,217,107$26,740,085$22,657,503$43,512,030
66$50,882,262$28,001,359$23,367,539$47,445,785
67$56,021,719$29,322,892$24,099,818$51,762,141
68$61,683,809$30,707,589$24,855,037$56,499,401
69$67,921,791$32,158,493$25,633,913$61,699,745
70$74,794,352$33,678,798$26,437,188$67,409,624
71$82,366,168$35,271,852$27,265,626$73,680,197
72$90,708,507$36,941,162$28,120,014$80,567,806
73$99,899,906$38,690,410$29,001,166$88,134,506
74$110,026,910$40,523,454$29,909,919$96,448,645
75$121,184,891$42,444,340$30,847,137$105,585,504
76$133,478,946$44,457,308$31,813,712$115,628,004
77$147,024,890$46,566,808$32,810,563$126,667,484
78$161,950,350$48,777,502$33,838,638$138,804,555
79$178,395,968$51,094,282$34,898,915$152,150,045
80$196,516,729$53,522,274$35,992,401$166,826,040
81$216,483,426$56,066,856$37,120,136$182,967,033
82$238,484,268$58,733,665$38,283,194$200,721,179
83$262,726,662$61,528,613$39,482,679$220,251,698
84$289,439,165$64,457,899$40,719,733$241,738,396
85$318,873,647$67,528,022$41,995,530$265,379,369
86$351,307,663$70,745,800$43,311,286$291,392,851
87$387,047,080$74,118,380$44,668,249$320,019,279
88$426,428,958$77,653,256$46,067,711$351,523,545
89$469,824,734$81,358,288$47,511,002$386,197,493
90$517,643,730$85,241,717$48,999,493$424,362,663
91$570,337,015$89,312,186$50,534,601$466,373,317
92$628,401,665$93,578,757$52,117,784$512,619,775
93$692,385,452$98,050,933$53,750,547$563,532,086
94$762,892,020$102,738,681$55,434,442$619,584,080
95$840,586,581$107,652,451$57,171,071$681,297,830
96$926,202,193$112,803,202$58,962,083$749,248,564
97$1,020,546,685$118,202,428$60,809,181$824,070,091
98$1,124,510,279$123,862,179$62,714,121$906,460,763
99$1,239,073,997$129,795,094$64,678,713$997,190,061
100$1,365,318,919$136,014,428$66,704,824$1,097,105,841