Can I retire at age 55 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,265,284
2 years$666,356$653,946$641,918$630,257$618,945$584,427
3 years$439,824$427,361$415,363$403,811$392,684$359,229
4 years$326,581$314,155$302,278$290,923$280,066$247,930
5 years$258,653$246,302$234,580$223,457$212,901$182,174
6 years$213,382$201,124$189,576$178,700$168,462$139,173
7 years$181,058$168,903$157,538$146,919$137,004$109,156
8 years$156,827$144,781$133,605$123,247$113,658$87,236
9 years$137,990$126,058$115,074$104,979$95,717$70,697
10 years$122,929$111,114$100,324$90,493$81,556$57,907
11 years$110,615$98,918$88,324$78,756$70,140$47,827
12 years$100,360$88,784$78,385$69,080$60,782$39,763
13 years$91,690$80,235$70,032$60,987$53,003$33,235
14 years$84,265$72,931$62,924$54,137$46,462$27,898
15 years$77,835$66,624$56,812$48,281$40,909$23,502
16 years$72,215$61,126$51,508$43,230$36,156$19,857
17 years$67,261$56,295$46,870$38,842$32,058$16,818
18 years$62,863$52,019$42,787$35,005$28,505$14,273
19 years$58,932$48,211$39,169$31,630$25,407$12,134
20 years$55,399$44,800$35,948$28,647$22,694$10,331
21 years$52,206$41,729$33,065$25,999$20,308$8,806
22 years$49,307$38,953$30,474$23,639$18,204$7,514
23 years$46,665$36,432$28,138$21,528$16,341$6,417
24 years$44,246$34,134$26,023$19,635$14,687$5,484
25 years$42,024$32,033$24,102$17,932$13,216$4,690
26 years$39,976$30,106$22,353$16,396$11,905$4,013
27 years$38,084$28,333$20,757$15,008$10,733$3,435
28 years$36,329$26,698$19,296$13,750$9,685$2,942
29 years$34,699$25,187$17,957$12,609$8,745$2,520
30 years$33,180$23,786$16,726$11,572$7,902$2,160
31 years$31,762$22,486$15,593$10,628$7,144$1,851
32 years$30,435$21,276$14,549$9,768$6,462$1,587
33 years$29,191$20,149$13,584$8,982$5,848$1,361
34 years$28,023$19,097$12,692$8,264$5,295$1,167
35 years$26,924$18,113$11,867$7,608$4,796$1,001
36 years$25,888$17,192$11,101$7,007$4,345$858
37 years$24,911$16,328$10,390$6,456$3,938$736
38 years$23,987$15,518$9,730$5,950$3,570$632
39 years$23,113$14,756$9,116$5,486$3,238$542
40 years$22,285$14,039$8,544$5,060$2,937$465
41 years$21,499$13,364$8,012$4,669$2,664$399
42 years$20,752$12,727$7,515$4,309$2,418$343
43 years$20,042$12,126$7,052$3,978$2,194$294
44 years$19,367$11,559$6,620$3,673$1,992$252
45 years$18,723$11,023$6,216$3,392$1,808$216
46 years$18,109$10,515$5,838$3,133$1,642$186
47 years$17,523$10,035$5,485$2,895$1,491$159
48 years$16,963$9,579$5,154$2,675$1,354$137
49 years$16,427$9,148$4,845$2,472$1,229$117
50 years$15,914$8,738$4,555$2,285$1,117$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,300,000, adding $2,869 every year, while hoping to spend $46,977 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: 40/44/16 Blend
54$16,300,000$16,300,000$16,300,000$16,300,000
55$17,965,559$17,101,659$16,849,009$18,598,612
56$19,748,063$17,889,658$17,363,468$19,836,705
57$21,710,808$18,714,693$17,893,587$21,170,453
58$23,872,129$19,578,531$18,439,840$22,612,315
59$26,252,229$20,483,022$19,002,718$24,172,131
60$28,873,371$21,430,106$19,582,724$25,860,693
61$31,760,088$22,421,814$20,180,378$27,689,839
62$34,939,411$23,460,276$20,796,215$29,672,557
63$38,441,129$24,547,728$21,430,785$31,823,099
64$42,298,065$25,686,508$22,084,658$34,157,109
65$46,546,391$26,879,070$22,758,418$36,691,759
66$51,225,965$28,127,987$23,452,667$39,445,908
67$56,380,709$29,435,953$24,168,026$42,440,261
68$62,059,022$30,805,795$24,905,136$45,697,564
69$68,314,238$32,240,475$25,664,654$49,242,803
70$75,205,130$33,743,099$26,447,260$53,103,430
71$82,796,463$35,316,920$27,253,652$57,309,612
72$91,159,604$36,965,351$28,084,552$61,894,502
73$100,373,200$38,691,969$28,940,700$66,894,541
74$110,523,915$40,500,524$29,822,862$72,349,788
75$121,707,252$42,394,947$30,731,825$78,304,285
76$134,028,450$44,379,358$31,668,400$84,806,458
77$147,603,483$46,458,078$32,633,423$91,909,561
78$162,560,150$48,635,635$33,627,754$99,672,160
79$179,039,281$50,916,778$34,652,280$108,158,672
80$197,196,071$53,306,483$35,707,914$117,439,954
81$217,201,539$55,809,969$36,795,598$127,593,958
82$239,244,146$58,432,708$37,916,301$138,706,441
83$263,531,573$61,180,434$39,071,020$150,871,762
84$290,292,679$64,059,162$40,260,786$164,193,749
85$319,779,666$67,075,195$41,486,656$178,786,658
86$352,270,456$70,235,143$42,749,723$194,776,226
87$388,071,314$73,545,937$44,051,110$212,300,842
88$427,519,742$77,014,841$45,391,976$231,512,821
89$470,987,662$80,649,474$46,773,513$252,579,820
90$518,884,928$84,457,823$48,196,950$275,686,393
91$571,663,195$88,448,261$49,663,553$301,035,703
92$629,820,185$92,629,569$51,174,626$328,851,415
93$693,904,378$97,010,953$52,731,510$359,379,771
94$764,520,199$101,602,064$54,335,590$392,891,885
95$842,333,717$106,413,023$55,988,290$429,686,267
96$928,078,937$111,454,442$57,691,078$470,091,607
97$1,022,564,725$116,737,446$59,445,466$514,469,840
98$1,126,682,448$122,273,702$61,253,010$563,219,523
99$1,241,414,387$128,075,442$63,115,315$616,779,556
100$1,367,843,008$134,155,494$65,034,033$675,633,284