Can I retire at age 55 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,267,538
2 years$674,532$661,969$649,794$637,990$626,540$578,520
3 years$445,221$432,604$420,460$408,766$397,502$351,169
4 years$330,588$318,010$305,987$294,493$283,502$239,208
5 years$261,826$249,324$237,459$226,199$215,514$173,375
6 years$216,000$203,592$191,902$180,893$170,529$130,575
7 years$183,280$170,976$159,471$148,722$138,686$100,907
8 years$158,751$146,558$135,244$124,759$115,053$79,416
9 years$139,683$127,605$116,486$106,267$96,891$63,348
10 years$124,437$112,478$101,555$91,603$82,556$51,047
11 years$111,972$100,132$89,407$79,722$71,001$41,458
12 years$101,592$89,873$79,347$69,927$61,528$33,879
13 years$92,815$81,219$70,891$61,735$53,654$27,822
14 years$85,299$73,826$63,696$54,802$47,032$22,937
15 years$78,790$67,441$57,509$48,873$41,411$18,971
16 years$73,101$61,876$52,140$43,761$36,599$15,731
17 years$68,087$56,986$47,446$39,319$32,451$13,072
18 years$63,634$52,657$43,312$35,434$28,854$10,881
19 years$59,655$48,802$39,650$32,018$25,718$9,071
20 years$56,078$45,349$36,389$28,998$22,972$7,571
21 years$52,846$42,241$33,470$26,318$20,558$6,325
22 years$49,912$39,431$30,848$23,929$18,427$5,288
23 years$47,237$36,879$28,483$21,793$16,541$4,425
24 years$44,789$34,553$26,342$19,876$14,867$3,704
25 years$42,540$32,426$24,398$18,152$13,378$3,103
26 years$40,467$30,475$22,628$16,597$12,051$2,600
27 years$38,551$28,681$21,012$15,192$10,865$2,179
28 years$36,775$27,026$19,533$13,919$9,804$1,827
29 years$35,124$25,496$18,177$12,764$8,852$1,532
30 years$33,587$24,078$16,932$11,714$7,999$1,285
31 years$32,151$22,762$15,785$10,759$7,232$1,078
32 years$30,808$21,537$14,727$9,887$6,541$905
33 years$29,549$20,396$13,751$9,092$5,920$759
34 years$28,367$19,331$12,848$8,366$5,360$637
35 years$27,254$18,335$12,012$7,701$4,855$535
36 years$26,206$17,403$11,237$7,092$4,399$449
37 years$25,216$16,529$10,518$6,535$3,987$377
38 years$24,281$15,708$9,849$6,023$3,614$316
39 years$23,397$14,937$9,228$5,554$3,277$265
40 years$22,558$14,211$8,649$5,123$2,973$223
41 years$21,763$13,528$8,110$4,726$2,697$187
42 years$21,007$12,883$7,608$4,362$2,447$157
43 years$20,288$12,275$7,139$4,026$2,221$132
44 years$19,604$11,701$6,701$3,718$2,016$111
45 years$18,953$11,158$6,292$3,433$1,830$93
46 years$18,331$10,644$5,910$3,171$1,662$78
47 years$17,738$10,158$5,552$2,930$1,509$66
48 years$17,171$9,697$5,217$2,707$1,370$55
49 years$16,629$9,260$4,904$2,502$1,245$46
50 years$16,110$8,846$4,610$2,313$1,130$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,500,000, adding $2,084 every year, while hoping to spend $42,974 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: 49/27/24 Blend
54$16,500,000$16,500,000$16,500,000$16,500,000
55$18,185,150$17,310,650$17,054,900$18,952,657
56$19,994,311$18,113,147$17,580,515$20,290,643
57$21,986,566$18,953,527$18,122,298$21,738,929
58$24,180,546$19,833,600$18,680,745$23,311,520
59$26,596,779$20,755,264$19,256,367$25,020,167
60$29,257,888$21,720,509$19,849,692$26,877,780
61$32,188,798$22,731,420$20,461,263$28,898,544
62$35,416,980$23,790,184$21,091,640$31,098,049
63$38,972,702$24,899,093$21,741,399$33,493,434
64$42,889,317$26,060,548$22,411,136$36,103,536
65$47,203,582$27,277,069$23,101,463$38,949,068
66$51,955,997$28,551,295$23,813,012$42,052,805
67$57,191,194$29,885,995$24,546,434$45,439,791
68$62,958,356$31,284,069$25,302,400$49,137,574
69$69,311,679$32,748,558$26,081,600$53,176,450
70$76,310,885$34,282,652$26,884,749$57,589,750
71$84,021,787$35,889,694$27,712,579$62,414,138
72$92,516,907$37,573,187$28,565,849$67,689,957
73$101,876,164$39,336,805$29,445,337$73,461,595
74$112,187,624$41,184,400$30,351,848$79,777,897
75$123,548,337$43,120,011$31,286,209$86,692,616
76$136,065,246$45,147,870$32,249,276$94,264,911
77$149,856,201$47,272,416$33,241,927$102,559,894
78$165,051,071$49,498,302$34,265,069$111,649,235
79$181,792,969$51,830,407$35,319,637$121,611,825
80$200,239,601$54,273,846$36,406,594$132,534,510
81$220,564,757$56,833,981$37,526,932$144,512,900
82$242,959,952$59,516,436$38,681,674$157,652,254
83$267,636,230$62,327,105$39,871,873$172,068,464
84$294,826,162$65,272,169$41,098,617$187,889,132
85$324,786,034$68,358,109$42,363,024$205,254,763
86$357,798,273$71,591,720$43,666,249$224,320,071
87$394,174,108$74,980,125$45,009,479$245,255,428
88$434,256,511$78,530,795$46,393,941$268,248,450
89$478,423,434$82,251,563$47,820,897$293,505,757
90$527,091,374$86,150,640$49,291,647$321,254,898
91$580,719,310$90,236,637$50,807,533$351,746,483
92$639,813,031$94,518,584$52,369,937$385,256,528
93$704,929,913$99,005,947$53,980,282$422,089,041
94$776,684,179$103,708,653$55,640,037$462,578,866
95$855,752,700$108,637,112$57,350,713$507,094,823
96$942,881,382$113,802,237$59,113,868$556,043,164
97$1,038,892,210$119,215,473$60,931,109$609,871,385
98$1,144,691,005$124,888,821$62,804,092$669,072,421
99$1,261,275,979$130,834,865$64,734,520$734,189,275
100$1,389,747,154$137,066,799$66,724,152$805,820,108