Can I retire at age 55 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,279,264
2 years$670,444$657,958$645,856$634,123$622,742$594,177
3 years$442,523$429,982$417,912$406,289$395,093$367,350
4 years$328,585$316,083$304,133$292,708$281,784$255,076
5 years$260,239$247,813$236,019$224,828$214,208$188,611
6 years$214,691$202,358$190,739$179,797$169,495$145,037
7 years$182,169$169,940$158,505$147,821$137,845$114,529
8 years$157,789$145,670$134,425$124,003$114,356$92,174
9 years$138,836$126,832$115,780$105,623$96,304$75,241
10 years$123,683$111,796$100,940$91,048$82,056$62,090
11 years$111,293$99,525$88,866$79,239$70,571$51,675
12 years$100,976$89,329$78,866$69,503$61,155$43,301
13 years$92,252$80,727$70,462$61,361$53,328$36,484
14 years$84,782$73,379$63,310$54,470$46,747$30,879
15 years$78,313$67,033$57,160$48,577$41,160$26,232
16 years$72,658$61,501$51,824$43,496$36,377$22,354
17 years$67,674$56,640$47,158$39,081$32,255$19,098
18 years$63,249$52,338$43,049$35,219$28,679$16,352
19 years$59,294$48,506$39,409$31,824$25,563$14,027
20 years$55,738$45,075$36,168$28,823$22,833$12,051
21 years$52,526$41,985$33,268$26,158$20,433$10,367
22 years$49,610$39,192$30,661$23,784$18,315$8,929
23 years$46,951$36,655$28,310$21,660$16,441$7,697
24 years$44,517$34,343$26,182$19,756$14,777$6,641
25 years$42,282$32,230$24,250$18,042$13,297$5,734
26 years$40,222$30,291$22,491$16,497$11,978$4,954
27 years$38,317$28,507$20,885$15,100$10,799$4,282
28 years$36,552$26,862$19,415$13,835$9,744$3,703
29 years$34,912$25,341$18,067$12,687$8,799$3,204
30 years$33,383$23,932$16,829$11,643$7,950$2,773
31 years$31,956$22,624$15,689$10,693$7,188$2,400
32 years$30,621$21,407$14,638$9,827$6,502$2,078
33 years$29,370$20,273$13,668$9,037$5,884$1,800
34 years$28,195$19,214$12,770$8,315$5,327$1,559
35 years$27,089$18,224$11,939$7,654$4,825$1,351
36 years$26,047$17,297$11,169$7,049$4,372$1,171
37 years$25,064$16,428$10,454$6,495$3,962$1,014
38 years$24,134$15,613$9,790$5,987$3,592$879
39 years$23,255$14,846$9,172$5,520$3,258$762
40 years$22,421$14,125$8,597$5,091$2,955$661
41 years$21,631$13,446$8,061$4,698$2,681$573
42 years$20,880$12,805$7,562$4,335$2,432$497
43 years$20,165$12,201$7,096$4,002$2,208$430
44 years$19,486$11,630$6,660$3,695$2,004$373
45 years$18,838$11,090$6,254$3,413$1,819$324
46 years$18,220$10,580$5,874$3,152$1,652$281
47 years$17,630$10,096$5,518$2,912$1,500$243
48 years$17,067$9,638$5,186$2,691$1,362$211
49 years$16,528$9,204$4,874$2,487$1,237$183
50 years$16,012$8,792$4,582$2,299$1,124$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,400,000, adding $3,228 every year, while hoping to spend $24,045 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: 28/47/25 Blend
54$16,400,000$16,400,000$16,400,000$16,400,000
55$18,076,130$17,206,930$16,952,730$18,441,065
56$19,894,311$18,024,486$17,495,062$19,547,022
57$21,897,141$18,881,296$18,054,757$20,732,108
58$24,103,429$19,779,258$18,632,371$22,004,893
59$26,533,900$20,720,364$19,228,477$23,372,903
60$29,211,395$21,706,699$19,843,668$24,844,366
61$32,161,083$22,740,452$20,478,556$26,428,287
62$35,410,697$23,823,918$21,133,772$28,134,517
63$38,990,801$24,959,503$21,809,966$29,973,841
64$42,935,075$26,149,730$22,507,812$31,958,070
65$47,280,631$27,397,246$23,228,002$34,100,139
66$52,068,369$28,704,825$23,971,254$36,414,221
67$57,343,358$30,075,376$24,738,306$38,915,847
68$63,155,261$31,511,951$25,529,920$41,622,044
69$69,558,810$33,017,748$26,346,885$44,551,479
70$76,614,315$34,596,124$27,190,011$47,724,627
71$84,388,237$36,250,596$28,060,138$51,163,947
72$92,953,815$37,984,853$28,958,131$54,894,079
73$102,391,759$39,802,766$29,884,884$58,942,065
74$112,791,008$41,708,391$30,841,317$63,337,588
75$124,249,572$43,705,984$31,828,382$68,113,233
76$136,875,457$45,800,005$32,847,061$73,304,780
77$150,787,683$47,995,135$33,898,368$78,951,522
78$166,117,411$50,296,281$34,983,347$85,096,621
79$183,009,177$52,708,589$36,103,079$91,787,491
80$201,622,258$55,237,455$37,258,677$99,076,226
81$222,132,177$57,888,539$38,451,292$107,020,074
82$244,732,358$60,667,776$39,682,109$115,681,951
83$269,635,953$63,581,391$40,952,353$125,131,011
84$297,077,852$66,635,911$42,263,289$135,443,278
85$327,316,904$69,838,182$43,616,221$146,702,335
86$360,638,359$73,195,384$45,012,495$159,000,085
87$397,356,559$76,715,045$46,453,501$172,437,594
88$437,817,907$80,405,061$47,940,672$187,126,011
89$482,404,139$84,273,714$49,475,490$203,187,589
90$531,535,924$88,329,689$51,059,482$220,756,808
91$585,676,837$92,582,093$52,694,224$239,981,607
92$645,337,738$97,040,479$54,381,344$261,024,745
93$711,081,589$101,714,864$56,122,520$284,065,304
94$783,528,774$106,615,756$57,919,488$309,300,338
95$863,362,953$111,754,172$59,774,035$336,946,691
96$951,337,518$117,141,669$61,688,008$367,243,005
97$1,048,282,701$122,790,368$63,663,313$400,451,925
98$1,155,113,419$128,712,978$65,701,916$436,862,532
99$1,272,837,905$134,922,831$67,805,848$476,793,025
100$1,402,567,231$141,433,910$69,977,204$520,593,670