Can I retire at age 55 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,367,302
2 years$719,501$706,101$693,114$680,522$668,309$632,132
3 years$474,902$461,445$448,491$436,017$424,003$388,928
4 years$352,627$339,211$326,386$314,126$302,402$268,699
5 years$279,281$265,945$253,289$241,279$229,881$197,643
6 years$230,400$217,164$204,695$192,953$181,897$151,155
7 years$195,499$182,374$170,103$158,637$147,931$118,688
8 years$169,334$156,328$144,261$133,077$122,723$94,965
9 years$148,995$136,112$124,252$113,352$103,351$77,054
10 years$132,733$119,976$108,325$97,710$88,060$63,192
11 years$119,437$106,808$95,368$85,037$75,735$52,259
12 years$108,364$95,865$84,637$74,589$65,630$43,505
13 years$99,003$86,634$75,617$65,851$57,231$36,411
14 years$90,985$78,748$67,942$58,455$50,168$30,607
15 years$84,043$71,937$61,343$52,132$44,172$25,820
16 years$77,975$66,001$55,616$46,678$39,039$21,847
17 years$72,626$60,785$50,609$41,940$34,615$18,530
18 years$67,876$56,168$46,199$37,796$30,778$15,750
19 years$63,632$52,056$42,293$34,152$27,433$13,409
20 years$59,817$48,373$38,815$30,932$24,504$11,434
21 years$56,369$45,057$35,702$28,072$21,928$9,761
22 years$53,240$42,059$32,905$25,524$19,655$8,342
23 years$50,386$39,337$30,382$23,245$17,644$7,135
24 years$47,775$36,856$28,098$21,201$15,859$6,108
25 years$45,376$34,588$26,024$19,362$14,270$5,232
26 years$43,165$32,507$24,136$17,704$12,854$4,484
27 years$41,121$30,593$22,413$16,205$11,589$3,844
28 years$39,227$28,828$20,835$14,847$10,457$3,298
29 years$37,466$27,196$19,389$13,615$9,443$2,830
30 years$35,826$25,683$18,060$12,495$8,532$2,429
31 years$34,295$24,279$16,837$11,476$7,714$2,085
32 years$32,862$22,973$15,709$10,547$6,978$1,791
33 years$31,519$21,756$14,668$9,698$6,315$1,538
34 years$30,258$20,620$13,705$8,923$5,717$1,321
35 years$29,071$19,557$12,813$8,214$5,178$1,135
36 years$27,953$18,563$11,986$7,565$4,692$975
37 years$26,898$17,630$11,219$6,970$4,252$838
38 years$25,900$16,755$10,506$6,425$3,855$720
39 years$24,956$15,933$9,843$5,924$3,496$619
40 years$24,062$15,159$9,226$5,464$3,171$532
41 years$23,213$14,429$8,651$5,041$2,877$457
42 years$22,407$13,742$8,115$4,652$2,610$393
43 years$21,641$13,093$7,615$4,295$2,369$338
44 years$20,911$12,481$7,148$3,966$2,150$290
45 years$20,216$11,902$6,711$3,662$1,952$250
46 years$19,553$11,354$6,304$3,383$1,772$215
47 years$18,920$10,835$5,922$3,125$1,610$185
48 years$18,315$10,343$5,565$2,888$1,462$159
49 years$17,737$9,877$5,231$2,669$1,328$136
50 years$17,184$9,435$4,918$2,467$1,206$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,600,000, adding $6,265 every year, while hoping to spend $58,690 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: 25/46/29 Blend
54$17,600,000$17,600,000$17,600,000$17,600,000
55$19,401,662$18,468,862$18,196,062$19,710,382
56$21,318,186$19,311,391$18,743,185$20,812,899
57$23,428,228$20,193,236$19,306,669$21,988,740
58$25,751,466$21,116,263$19,887,000$23,248,240
59$28,309,581$22,082,425$20,484,680$24,598,467
60$31,126,465$23,093,771$21,100,223$26,047,146
61$34,228,444$24,152,445$21,734,161$27,602,723
62$37,644,528$25,260,698$22,387,038$29,274,440
63$41,406,683$26,420,885$23,059,417$31,072,409
64$45,550,134$27,635,478$23,751,877$33,007,701
65$50,113,696$28,907,065$24,465,013$35,092,437
66$55,140,141$30,238,359$25,199,439$37,339,894
67$60,676,601$31,632,204$25,955,786$39,764,618
68$66,775,013$33,091,581$26,734,703$42,382,552
69$73,492,609$34,619,613$27,536,861$45,211,170
70$80,892,456$36,219,576$28,362,947$48,269,634
71$89,044,052$37,894,899$29,213,670$51,578,959
72$98,023,977$39,649,182$30,089,760$55,162,198
73$107,916,624$41,486,193$30,991,969$59,044,646
74$118,814,989$43,409,886$31,921,069$63,254,062
75$130,821,549$45,424,401$32,877,856$67,820,915
76$144,049,232$47,534,082$33,863,149$72,778,659
77$158,622,482$49,743,480$34,877,792$78,164,027
78$174,678,430$52,057,365$35,922,653$84,017,362
79$192,368,193$54,480,739$36,998,625$90,382,976
80$211,858,297$57,018,844$38,106,628$97,309,554
81$233,332,252$59,677,176$39,247,609$104,850,588
82$256,992,279$62,461,495$40,422,540$113,064,862
83$283,061,222$65,377,839$41,632,427$122,016,984
84$311,784,654$68,432,540$42,878,300$131,777,975
85$343,433,188$71,632,234$44,161,223$142,425,908
86$378,305,037$74,983,878$45,482,288$154,046,627
87$416,728,828$78,494,764$46,842,621$166,734,524
88$459,066,700$82,172,539$48,243,380$180,593,408
89$505,717,728$86,025,219$49,685,759$195,737,447
90$557,121,688$90,061,206$51,170,983$212,292,223
91$613,763,204$94,289,310$52,700,315$230,395,880
92$676,176,332$98,718,766$54,275,056$250,200,396
93$744,949,591$103,359,259$55,896,544$271,872,983
94$820,731,525$108,220,938$57,566,154$295,597,626
95$904,236,824$113,314,448$59,285,304$321,576,783
96$996,253,071$118,650,947$61,055,452$350,033,254
97$1,097,648,173$124,242,132$62,878,099$381,212,242
98$1,209,378,561$130,100,271$64,754,789$415,383,628
99$1,332,498,212$136,238,222$66,687,112$452,844,462
100$1,468,168,603$142,669,468$68,676,704$493,921,730