Can I retire at age 55 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,293,200
2 years$682,708$669,993$657,671$645,723$634,134$595,670
3 years$450,618$437,848$425,556$413,721$402,321$365,080
4 years$334,595$321,865$309,696$298,063$286,938$251,206
5 years$265,000$252,346$240,337$228,941$218,126$184,000
6 years$218,618$206,059$194,228$183,086$172,596$140,107
7 years$185,501$173,048$161,404$150,525$140,367$109,515
8 years$160,675$148,334$136,884$126,272$116,448$87,215
9 years$141,376$129,152$117,898$107,555$98,066$70,423
10 years$125,946$113,841$102,786$92,714$83,557$57,467
11 years$113,329$101,346$90,491$80,689$71,862$47,281
12 years$102,823$90,963$80,309$70,775$62,274$39,154
13 years$93,940$82,204$71,750$62,484$54,304$32,594
14 years$86,333$74,721$64,468$55,466$47,603$27,248
15 years$79,745$68,259$58,206$49,466$41,913$22,857
16 years$73,987$62,626$52,772$44,291$37,043$19,229
17 years$68,912$57,676$48,021$39,795$32,845$16,215
18 years$64,405$53,296$43,837$35,864$29,204$13,701
19 years$60,378$49,394$40,130$32,406$26,030$11,595
20 years$56,758$45,899$36,830$29,350$23,251$9,827
21 years$53,487$42,753$33,876$26,637$20,807$8,338
22 years$50,517$39,909$31,222$24,219$18,650$7,081
23 years$47,810$37,326$28,828$22,057$16,742$6,019
24 years$45,332$34,972$26,661$20,117$15,048$5,120
25 years$43,055$32,819$24,694$18,372$13,541$4,357
26 years$40,957$30,845$22,902$16,798$12,197$3,710
27 years$39,018$29,029$21,267$15,376$10,997$3,161
28 years$37,221$27,353$19,770$14,088$9,922$2,694
29 years$35,550$25,805$18,398$12,919$8,960$2,296
30 years$33,994$24,370$17,137$11,856$8,096$1,958
31 years$32,541$23,038$15,976$10,889$7,319$1,670
32 years$31,182$21,798$14,906$10,007$6,621$1,424
33 years$29,907$20,643$13,918$9,202$5,992$1,215
34 years$28,710$19,565$13,004$8,467$5,425$1,037
35 years$27,584$18,557$12,158$7,794$4,914$885
36 years$26,523$17,614$11,373$7,178$4,452$755
37 years$25,522$16,729$10,645$6,614$4,035$645
38 years$24,576$15,898$9,969$6,096$3,658$550
39 years$23,680$15,118$9,340$5,621$3,317$470
40 years$22,832$14,383$8,754$5,185$3,009$401
41 years$22,026$13,692$8,209$4,783$2,730$342
42 years$21,262$13,039$7,700$4,415$2,477$292
43 years$20,534$12,424$7,225$4,075$2,248$250
44 years$19,842$11,843$6,782$3,763$2,040$213
45 years$19,182$11,293$6,368$3,475$1,852$182
46 years$18,553$10,773$5,981$3,210$1,682$155
47 years$17,953$10,281$5,619$2,966$1,527$133
48 years$17,379$9,814$5,281$2,740$1,387$113
49 years$16,830$9,372$4,963$2,533$1,260$97
50 years$16,305$8,953$4,666$2,341$1,144$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,700,000, adding $4,609 every year, while hoping to spend $51,197 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: 26/50/24 Blend
54$16,700,000$16,700,000$16,700,000$16,700,000
55$18,408,154$17,523,054$17,264,204$18,747,079
56$20,231,313$18,327,211$17,788,082$19,824,671
57$22,238,717$19,169,055$18,327,793$20,975,351
58$24,449,108$20,050,379$18,883,815$22,208,947
59$26,883,132$20,973,063$19,456,638$23,532,482
60$29,563,543$21,939,075$20,046,768$24,953,634
61$32,515,414$22,950,479$20,654,724$26,480,798
62$35,766,372$24,009,439$21,281,043$28,123,157
63$39,346,861$25,118,220$21,926,277$29,890,760
64$43,290,428$26,279,200$22,590,994$31,794,607
65$47,634,039$27,494,868$23,275,780$33,846,741
66$52,418,430$28,767,836$23,981,238$36,060,352
67$57,688,490$30,100,840$24,707,989$38,449,891
68$63,493,682$31,496,747$25,456,673$41,031,194
69$69,888,514$32,958,564$26,227,948$43,821,619
70$76,933,051$34,489,442$27,022,493$46,840,196
71$84,693,482$36,092,685$27,841,006$50,107,795
72$93,242,744$37,771,753$28,684,207$53,647,310
73$102,661,213$39,530,278$29,552,836$57,483,858
74$113,037,458$41,372,063$30,447,658$61,644,999
75$124,469,082$43,301,098$31,369,458$66,160,987
76$137,063,638$45,321,561$32,319,044$71,065,030
77$150,939,648$47,437,837$33,297,251$76,393,594
78$166,227,720$49,654,519$34,304,937$82,186,723
79$183,071,781$51,976,423$35,342,986$88,488,400
80$201,630,434$54,408,599$36,412,307$95,346,943
81$222,078,457$56,956,340$37,513,839$102,815,438
82$244,608,453$59,625,194$38,648,546$110,952,219
83$269,432,666$62,420,979$39,817,423$119,821,397
84$296,784,984$65,349,793$41,021,492$129,493,438
85$326,923,149$68,418,030$42,261,809$140,045,805
86$360,131,189$71,632,392$43,539,459$151,563,663
87$396,722,098$74,999,907$44,855,559$164,140,654
88$437,040,793$78,527,943$46,211,260$177,879,754
89$481,467,365$82,224,223$47,607,748$192,894,213
90$530,420,672$86,096,846$49,046,244$209,308,592
91$584,362,291$90,154,302$50,528,003$227,259,907
92$643,800,874$94,405,493$52,054,321$246,898,887
93$709,296,953$98,859,751$53,626,530$268,391,362
94$781,468,225$103,526,862$55,246,003$291,919,788
95$860,995,392$108,417,086$56,914,151$317,684,931
96$948,628,578$113,541,179$58,632,431$345,907,720
97$1,045,194,416$118,910,420$60,402,340$376,831,290
98$1,151,603,849$124,536,634$62,225,422$410,723,228
99$1,268,860,732$130,432,220$64,103,264$447,878,058
100$1,398,071,307$136,610,178$66,037,503$488,619,964