Can I retire at age 55 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,314,759
2 years$686,796$674,005$661,609$649,590$637,931$612,941
3 years$453,316$440,470$428,105$416,198$404,730$380,425
4 years$336,599$323,792$311,551$299,847$288,657$265,225
5 years$266,587$253,857$241,776$230,312$219,432$196,940
6 years$219,927$207,293$195,391$184,182$173,629$152,102
7 years$186,612$174,085$162,371$151,426$141,207$120,650
8 years$161,637$149,223$137,703$127,028$117,145$97,553
9 years$142,223$129,925$118,604$108,199$98,653$80,014
10 years$126,700$114,523$103,402$93,269$84,057$66,354
11 years$114,008$101,953$91,033$81,172$72,292$55,505
12 years$103,439$91,507$80,790$71,199$62,647$46,752
13 years$94,503$82,696$72,180$62,858$54,629$39,602
14 years$86,849$75,168$64,854$55,798$47,888$33,700
15 years$80,223$68,668$58,555$49,762$42,164$28,788
16 years$74,430$63,001$53,088$44,557$37,265$24,670
17 years$69,325$58,022$48,308$40,034$33,041$21,199
18 years$64,791$53,615$44,099$36,078$29,379$18,257
19 years$60,740$49,690$40,371$32,600$26,186$15,754
20 years$57,098$46,174$37,050$29,526$23,390$13,617
21 years$53,807$43,009$34,079$26,796$20,931$11,786
22 years$50,820$40,148$31,409$24,364$18,762$10,213
23 years$48,096$37,549$29,001$22,189$16,842$8,860
24 years$45,603$35,181$26,821$20,237$15,138$7,692
25 years$43,313$33,016$24,841$18,482$13,622$6,684
26 years$41,203$31,029$23,039$16,899$12,270$5,812
27 years$39,252$29,202$21,394$15,468$11,062$5,056
28 years$37,444$27,517$19,888$14,172$9,982$4,401
29 years$35,763$25,959$18,508$12,996$9,013$3,833
30 years$34,198$24,516$17,239$11,927$8,144$3,339
31 years$32,736$23,176$16,072$10,954$7,363$2,910
32 years$31,368$21,929$14,995$10,067$6,660$2,536
33 years$30,086$20,767$14,001$9,258$6,028$2,211
34 years$28,882$19,682$13,082$8,518$5,457$1,928
35 years$27,750$18,668$12,231$7,841$4,943$1,682
36 years$26,682$17,719$11,441$7,221$4,479$1,467
37 years$25,675$16,829$10,709$6,654$4,059$1,280
38 years$24,723$15,994$10,028$6,133$3,680$1,117
39 years$23,822$15,208$9,396$5,655$3,337$975
40 years$22,968$14,469$8,807$5,216$3,027$851
41 years$22,158$13,774$8,258$4,812$2,746$743
42 years$21,389$13,117$7,746$4,441$2,492$648
43 years$20,657$12,498$7,269$4,100$2,261$566
44 years$19,961$11,913$6,823$3,785$2,053$494
45 years$19,297$11,361$6,406$3,496$1,863$431
46 years$18,664$10,838$6,017$3,229$1,692$377
47 years$18,060$10,342$5,653$2,983$1,536$329
48 years$17,483$9,873$5,312$2,757$1,395$287
49 years$16,931$9,428$4,993$2,548$1,267$251
50 years$16,403$9,006$4,694$2,355$1,151$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $16,800,000, adding $3,887 every year, while hoping to spend $49,576 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: 50/44/6 Blend
54$16,800,000$16,800,000$16,800,000$16,800,000
55$18,517,609$17,627,209$17,366,809$19,415,834
56$20,353,657$18,438,194$17,895,849$20,838,853
57$22,375,320$19,287,256$18,440,950$22,378,608
58$24,601,479$20,176,207$19,002,598$24,050,481
59$27,052,938$21,106,950$19,581,293$25,866,845
60$29,752,622$22,081,475$20,177,551$27,841,283
61$32,725,793$23,101,870$20,791,902$29,988,710
62$36,000,287$24,170,325$21,424,894$32,325,509
63$39,606,778$25,289,133$22,077,090$34,869,674
64$43,579,067$26,460,698$22,749,070$37,640,976
65$47,954,399$27,687,540$23,441,431$40,661,138
66$52,773,819$28,972,301$24,154,791$43,954,032
67$58,082,554$30,317,749$24,889,782$47,545,896
68$63,930,443$31,726,787$25,647,058$51,465,571
69$70,372,406$33,202,457$26,427,292$55,744,765
70$77,468,963$34,747,948$27,231,177$60,418,339
71$85,286,803$36,366,604$28,059,428$65,524,627
72$93,899,417$38,061,928$28,912,779$71,105,784
73$103,387,788$39,837,593$29,791,988$77,208,176
74$113,841,159$41,697,451$30,697,835$83,882,801
75$125,357,869$43,645,538$31,631,125$91,185,757
76$138,046,288$45,686,086$32,592,684$99,178,761
77$152,025,837$47,823,532$33,583,366$107,929,715
78$167,428,113$50,062,525$34,604,049$117,513,328
79$184,398,133$52,407,942$35,655,638$128,011,814
80$203,095,705$54,864,893$36,739,064$139,515,643
81$223,696,931$57,438,737$37,855,287$152,124,380
82$246,395,874$60,135,092$39,005,295$165,947,608
83$271,406,388$62,959,846$40,190,108$181,105,943
84$298,964,136$65,919,175$41,410,772$197,732,149
85$329,328,814$69,019,551$42,668,370$215,972,375
86$362,786,606$72,267,761$43,964,012$235,987,509
87$399,652,879$75,670,920$45,298,846$257,954,675
88$440,275,165$79,236,489$46,674,050$282,068,879
89$485,036,443$82,972,287$48,090,842$308,544,828
90$534,358,747$86,886,516$49,550,472$337,618,925
91$588,707,156$90,987,773$51,054,230$369,551,479
92$648,594,184$95,285,071$52,603,444$404,629,125
93$714,584,613$99,787,862$54,199,482$443,167,509
94$787,300,832$104,506,055$55,843,753$485,514,227
95$867,428,705$109,450,041$57,537,707$532,052,076
96$955,724,053$114,630,712$59,282,840$583,202,633
97$1,053,019,780$120,059,491$61,080,689$639,430,200
98$1,160,233,746$125,748,354$62,932,840$701,246,140
99$1,278,377,423$131,709,859$64,840,926$769,213,675
100$1,408,565,451$137,957,173$66,806,627$843,953,152