Can I retire at age 55 with 16,600,000?

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 $16,600,000?

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$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,275,220
2 years$678,620$665,981$653,733$641,856$630,337$582,026
3 years$447,919$435,226$423,008$411,244$399,912$353,297
4 years$332,592$319,937$307,842$296,278$285,220$240,658
5 years$263,413$250,835$238,898$227,570$216,820$174,425
6 years$217,309$204,825$193,065$181,989$171,562$131,366
7 years$184,391$172,012$160,438$149,624$139,526$101,518
8 years$159,713$147,446$136,064$125,515$115,750$79,897
9 years$140,529$128,378$117,192$106,911$97,479$63,732
10 years$125,192$113,159$102,171$92,159$83,057$51,356
11 years$112,651$100,739$89,949$80,206$71,431$41,710
12 years$102,207$90,418$79,828$70,351$61,901$34,085
13 years$93,377$81,711$71,321$62,109$53,979$27,990
14 years$85,816$74,273$64,082$55,134$47,318$23,076
15 years$79,268$67,850$57,857$49,170$41,662$19,086
16 years$73,544$62,251$52,456$44,026$36,821$15,826
17 years$68,499$57,331$47,733$39,557$32,648$13,151
18 years$64,020$52,976$43,574$35,649$29,029$10,947
19 years$60,017$49,098$39,890$32,212$25,874$9,126
20 years$56,418$45,624$36,609$29,174$23,111$7,617
21 years$53,167$42,497$33,673$26,477$20,682$6,363
22 years$50,215$39,670$31,035$24,074$18,539$5,320
23 years$47,523$37,102$28,656$21,925$16,641$4,452
24 years$45,060$34,762$26,501$19,996$14,958$3,727
25 years$42,797$32,623$24,546$18,262$13,460$3,121
26 years$40,712$30,660$22,765$16,698$12,124$2,615
27 years$38,785$28,855$21,139$15,284$10,931$2,192
28 years$36,998$27,190$19,652$14,003$9,863$1,838
29 years$35,337$25,650$18,288$12,841$8,906$1,541
30 years$33,790$24,224$17,034$11,785$8,047$1,293
31 years$32,346$22,900$15,880$10,824$7,275$1,085
32 years$30,995$21,668$14,817$9,947$6,581$910
33 years$29,728$20,520$13,834$9,147$5,956$764
34 years$28,538$19,448$12,926$8,416$5,392$641
35 years$27,419$18,446$12,085$7,748$4,884$538
36 years$26,365$17,508$11,305$7,135$4,425$451
37 years$25,369$16,629$10,582$6,574$4,011$379
38 years$24,429$15,803$9,909$6,060$3,636$318
39 years$23,538$15,027$9,284$5,587$3,297$267
40 years$22,695$14,297$8,702$5,154$2,991$224
41 years$21,894$13,610$8,159$4,755$2,713$188
42 years$21,134$12,961$7,654$4,388$2,462$158
43 years$20,411$12,350$7,182$4,051$2,234$133
44 years$19,723$11,772$6,742$3,740$2,028$111
45 years$19,067$11,225$6,330$3,454$1,841$93
46 years$18,442$10,709$5,945$3,191$1,672$78
47 years$17,845$10,219$5,586$2,948$1,518$66
48 years$17,275$9,756$5,249$2,724$1,379$55
49 years$16,729$9,316$4,934$2,517$1,252$46
50 years$16,207$8,899$4,638$2,327$1,137$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,600,000, adding $6,903 every year, while hoping to spend $27,695 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: 67/18/15 Blend
54$16,600,000$16,600,000$16,600,000$16,600,000
55$18,300,320$17,420,520$17,163,220$19,461,344
56$20,137,486$18,244,659$17,708,721$21,060,984
57$22,161,114$19,108,251$18,271,568$22,805,505
58$24,390,195$20,013,203$18,852,312$24,712,306
59$26,845,654$20,961,509$19,451,524$26,797,303
60$29,550,551$21,955,264$20,069,791$29,078,008
61$32,530,297$22,996,662$20,707,719$31,573,692
62$35,812,894$24,088,004$21,365,933$34,305,560
63$39,429,197$25,231,704$22,045,080$37,296,951
64$43,413,210$26,430,292$22,745,825$40,573,552
65$47,802,402$27,686,422$23,468,855$44,163,636
66$52,638,065$29,002,874$24,214,880$48,098,326
67$57,965,700$30,382,567$24,984,630$52,411,880
68$63,835,448$31,828,560$25,778,862$57,142,015
69$70,302,563$33,344,059$26,598,354$62,330,254
70$77,427,935$34,932,429$27,443,909$68,022,314
71$85,278,663$36,597,196$28,316,358$74,268,530
72$93,928,686$38,342,058$29,216,556$81,124,328
73$103,459,487$40,170,894$30,145,386$88,650,737
74$113,960,857$42,087,770$31,103,759$96,914,965
75$125,531,745$44,096,951$32,092,615$105,991,018
76$138,281,190$46,202,909$33,112,925$115,960,402
77$152,329,353$48,410,333$34,165,689$126,912,874
78$167,808,647$50,724,140$35,251,940$138,947,292
79$184,864,994$53,149,487$36,372,744$152,172,533
80$203,659,193$55,691,782$37,529,201$166,708,513
81$224,368,447$58,356,695$38,722,446$182,687,316
82$247,188,029$61,150,174$39,953,648$200,254,424
83$272,333,130$64,078,454$41,224,017$219,570,085
84$300,040,886$67,148,075$42,534,799$240,810,816
85$330,572,622$70,365,896$43,887,280$264,171,057
86$364,216,313$73,739,109$45,282,787$289,864,995
87$401,289,306$77,275,255$46,722,690$318,128,579
88$442,141,318$80,982,244$48,208,403$349,221,729
89$487,157,730$84,868,372$49,741,382$383,430,782
90$536,763,234$88,942,338$51,323,133$421,071,178
91$591,425,834$93,213,263$52,955,209$462,490,430
92$651,661,271$97,690,715$54,639,210$508,071,384
93$718,037,888$102,384,727$56,376,791$558,235,820
94$791,181,996$107,305,821$58,169,657$613,448,421
95$871,783,786$112,465,033$60,019,567$674,221,139
96$960,603,847$117,873,935$61,928,337$741,118,015
97$1,058,480,345$123,544,664$63,897,843$814,760,482
98$1,166,336,936$129,489,948$65,930,016$895,833,215
99$1,285,191,484$135,723,136$68,026,852$985,090,576
100$1,416,165,674$142,258,228$70,190,410$1,083,363,710