Can I retire at age 56 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,250,264
2 years$658,180$645,922$634,042$622,523$611,351$577,756
3 years$434,428$422,117$410,267$398,857$387,866$355,300
4 years$322,574$310,301$298,569$287,354$276,629$245,343
5 years$255,479$243,280$231,702$220,715$210,289$180,368
6 years$210,764$198,656$187,250$176,508$166,395$137,868
7 years$178,837$166,831$155,605$145,117$135,323$108,194
8 years$154,902$143,005$131,966$121,735$112,264$86,518
9 years$136,297$124,512$113,662$103,691$94,542$70,157
10 years$121,421$109,751$99,093$89,383$80,555$57,501
11 years$109,257$97,705$87,240$77,790$69,280$47,521
12 years$99,129$87,694$77,423$68,232$60,036$39,535
13 years$90,565$79,250$69,173$60,239$52,353$33,067
14 years$83,231$72,036$62,152$53,473$45,892$27,777
15 years$76,880$65,806$56,115$47,689$40,407$23,416
16 years$71,329$60,376$50,876$42,700$35,712$19,798
17 years$66,436$55,604$46,295$38,366$31,665$16,781
18 years$62,092$51,381$42,262$34,575$28,155$14,252
19 years$58,209$47,619$38,689$31,242$25,095$12,125
20 years$54,719$44,250$35,506$28,295$22,415$10,331
21 years$51,565$41,217$32,659$25,680$20,059$8,813
22 years$48,702$38,475$30,100$23,349$17,980$7,525
23 years$46,092$35,985$27,792$21,264$16,140$6,432
24 years$43,703$33,715$25,703$19,394$14,507$5,501
25 years$41,508$31,640$23,806$17,712$13,054$4,708
26 years$39,486$29,737$22,079$16,195$11,759$4,032
27 years$37,616$27,986$20,502$14,824$10,601$3,454
28 years$35,883$26,371$19,060$13,582$9,566$2,961
29 years$34,273$24,878$17,737$12,455$8,638$2,538
30 years$32,773$23,494$16,521$11,430$7,805$2,177
31 years$31,372$22,210$15,402$10,498$7,056$1,867
32 years$30,061$21,015$14,370$9,648$6,383$1,602
33 years$28,833$19,902$13,418$8,872$5,777$1,375
34 years$27,679$18,862$12,537$8,163$5,230$1,180
35 years$26,593$17,891$11,721$7,514$4,737$1,013
36 years$25,571$16,981$10,965$6,921$4,292$870
37 years$24,605$16,128$10,263$6,376$3,890$747
38 years$23,693$15,327$9,611$5,877$3,527$641
39 years$22,829$14,575$9,004$5,419$3,198$551
40 years$22,011$13,867$8,440$4,998$2,901$473
41 years$21,235$13,200$7,914$4,612$2,632$406
42 years$20,498$12,571$7,423$4,256$2,388$349
43 years$19,797$11,978$6,966$3,929$2,167$300
44 years$19,129$11,417$6,539$3,628$1,967$257
45 years$18,493$10,887$6,139$3,350$1,786$221
46 years$17,887$10,386$5,766$3,095$1,621$190
47 years$17,308$9,911$5,417$2,859$1,472$163
48 years$16,754$9,462$5,091$2,642$1,337$140
49 years$16,225$9,035$4,785$2,442$1,214$120
50 years$15,719$8,631$4,499$2,257$1,103$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,100,000, adding $6,684 every year, while hoping to spend $59,776 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: 44/27/29 Blend
55$16,100,000$16,100,000$16,100,000$16,100,000
56$17,749,095$16,895,795$16,646,245$18,380,238
57$19,495,901$17,660,087$17,140,293$19,596,556
58$21,418,878$18,459,827$17,648,888$20,908,048
59$23,535,933$19,296,687$18,172,454$22,328,651
60$25,866,795$20,172,422$18,711,429$23,868,557
61$28,433,206$21,088,869$19,266,260$25,538,964
62$31,259,124$22,047,954$19,837,410$27,352,173
63$34,370,945$23,051,695$20,425,354$29,321,696
64$37,797,759$24,102,205$21,030,581$31,462,385
65$41,571,619$25,201,702$21,653,594$33,790,560
66$45,727,845$26,352,506$22,294,910$36,324,160
67$50,305,358$27,557,051$22,955,062$39,082,904
68$55,347,045$28,817,887$23,634,597$42,088,476
69$60,900,166$30,137,686$24,334,078$45,364,716
70$67,016,798$31,519,248$25,054,086$48,937,843
71$73,754,329$32,965,509$25,795,215$52,836,692
72$81,175,995$34,479,544$26,558,079$57,092,981
73$89,351,481$36,064,576$27,343,309$61,741,601
74$98,357,576$37,723,984$28,151,554$66,820,937
75$108,278,898$39,461,308$28,983,481$72,373,221
76$119,208,694$41,280,261$29,839,776$78,444,925
77$131,249,718$43,184,730$30,721,145$85,087,183
78$144,515,201$45,178,793$31,628,314$92,356,274
79$159,129,920$47,266,723$32,562,032$100,314,133
80$175,231,377$49,452,997$33,523,065$109,028,931
81$192,971,094$51,742,311$34,512,204$118,575,705
82$212,516,044$54,139,583$35,530,262$129,037,053
83$234,050,230$56,649,972$36,578,075$140,503,907
84$257,776,415$59,278,882$37,656,502$153,076,371
85$283,918,043$62,031,981$38,766,429$166,864,659
86$312,721,342$64,915,207$39,908,763$181,990,117
87$344,457,653$67,934,786$41,084,441$198,586,357
88$379,425,988$71,097,245$42,294,424$216,800,502
89$417,955,854$74,409,425$43,539,701$236,794,555
90$460,410,360$77,878,496$44,821,291$258,746,919
91$507,189,651$81,511,977$46,140,238$282,854,059
92$558,734,679$85,317,747$47,497,620$309,332,338
93$615,531,368$89,304,068$48,894,541$338,420,043
94$678,115,200$93,479,600$50,332,141$370,379,613
95$747,076,271$97,853,421$51,811,589$405,500,095
96$823,064,862$102,435,050$53,334,088$444,099,855
97$906,797,573$107,234,463$54,900,875$486,529,555
98$999,064,094$112,262,119$56,513,223$533,175,443
99$1,100,734,654$117,528,986$58,172,439$584,462,976
100$1,212,768,242$123,046,559$59,879,868$640,860,806