Can I retire at age 56 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,240,557
2 years$662,268$649,934$637,980$626,390$615,148$564,146
3 years$437,126$424,739$412,815$401,334$390,275$341,131
4 years$324,577$312,228$300,424$289,139$278,348$231,435
5 years$257,066$244,791$233,141$222,086$211,595$167,034
6 years$212,073$199,890$188,413$177,604$167,428$125,246
7 years$179,948$167,867$156,572$146,018$136,164$96,346
8 years$155,865$143,893$132,785$122,491$112,961$75,467
9 years$137,143$125,285$114,368$104,335$95,130$59,902
10 years$122,175$110,433$99,709$89,938$81,055$48,026
11 years$109,936$98,312$87,782$78,273$69,710$38,802
12 years$99,744$88,239$77,904$68,656$60,409$31,540
13 years$91,127$79,742$69,602$60,613$52,678$25,759
14 years$83,748$72,484$62,538$53,805$46,177$21,118
15 years$77,358$66,215$56,463$47,985$40,658$17,366
16 years$71,772$60,751$51,192$42,965$35,934$14,317
17 years$66,849$55,950$46,583$38,604$31,861$11,827
18 years$62,477$51,700$42,524$34,790$28,330$9,786
19 years$58,570$47,915$38,929$31,436$25,251$8,108
20 years$55,059$44,525$35,727$28,471$22,555$6,726
21 years$51,886$41,473$32,862$25,839$20,184$5,584
22 years$49,005$38,714$30,287$23,494$18,092$4,640
23 years$46,378$36,208$27,965$21,396$16,240$3,858
24 years$43,974$33,925$25,863$19,515$14,597$3,209
25 years$41,766$31,837$23,954$17,822$13,135$2,671
26 years$39,731$29,921$22,216$16,295$11,832$2,224
27 years$37,850$28,159$20,630$14,916$10,667$1,852
28 years$36,106$26,534$19,178$13,666$9,625$1,543
29 years$34,486$25,032$17,847$12,532$8,691$1,285
30 years$32,976$23,640$16,624$11,501$7,853$1,071
31 years$31,567$22,348$15,498$10,563$7,100$893
32 years$30,248$21,146$14,460$9,708$6,423$744
33 years$29,012$20,025$13,501$8,927$5,812$620
34 years$27,851$18,979$12,615$8,214$5,262$517
35 years$26,759$18,002$11,794$7,561$4,766$431
36 years$25,729$17,086$11,033$6,964$4,319$359
37 years$24,758$16,228$10,327$6,416$3,914$300
38 years$23,840$15,422$9,670$5,914$3,549$250
39 years$22,971$14,665$9,060$5,453$3,218$208
40 years$22,148$13,953$8,492$5,029$2,919$174
41 years$21,367$13,282$7,963$4,640$2,648$145
42 years$20,625$12,649$7,469$4,282$2,403$121
43 years$19,919$12,052$7,009$3,953$2,181$101
44 years$19,248$11,488$6,579$3,650$1,979$84
45 years$18,608$10,955$6,178$3,371$1,797$70
46 years$17,998$10,451$5,802$3,114$1,631$58
47 years$17,415$9,973$5,451$2,877$1,481$49
48 years$16,858$9,521$5,122$2,658$1,345$41
49 years$16,326$9,092$4,815$2,457$1,222$34
50 years$15,817$8,685$4,527$2,271$1,110$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,200,000, adding $2,896 every year, while hoping to spend $59,671 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: 56/14/30 Blend
55$16,200,000$16,200,000$16,200,000$16,200,000
56$17,855,387$16,996,787$16,745,687$18,706,844
57$19,613,147$17,766,140$17,243,178$20,063,748
58$21,548,199$18,571,192$17,755,335$21,535,080
59$23,678,563$19,413,628$18,282,587$23,137,117
60$26,024,096$20,295,215$18,825,373$24,882,511
61$28,606,679$21,217,806$19,384,148$26,785,177
62$31,450,421$22,183,339$19,959,378$28,860,422
63$34,581,889$23,193,848$20,551,542$31,125,091
64$38,030,358$24,251,463$21,161,135$33,597,714
65$41,828,086$25,358,416$21,788,665$36,298,685
66$46,010,620$26,517,047$22,434,654$39,250,445
67$50,617,128$27,729,807$23,099,640$42,477,694
68$55,690,772$28,999,266$23,784,175$46,007,616
69$61,279,115$30,328,114$24,488,829$49,870,135
70$67,434,568$31,719,175$25,214,188$54,098,192
71$74,214,884$33,175,404$25,960,853$58,728,047
72$81,683,704$34,699,901$26,729,444$63,799,624
73$89,911,160$36,295,914$27,520,599$69,356,875
74$98,974,532$37,966,847$28,334,972$75,448,195
75$108,958,979$39,716,268$29,173,238$82,126,872
76$119,958,344$41,547,914$30,036,091$89,451,583
77$132,076,040$43,465,707$30,924,245$97,486,941
78$145,426,021$45,473,752$31,838,433$106,304,103
79$160,133,865$47,576,355$32,779,410$115,981,430
80$176,337,953$49,778,030$33,747,953$126,605,224
81$194,190,776$52,083,505$34,744,861$138,270,533
82$213,860,377$54,497,739$35,770,956$151,082,044
83$235,531,934$57,025,927$36,827,082$165,155,059
84$259,409,512$59,673,518$37,914,110$180,616,579
85$285,717,981$62,446,220$39,032,932$197,606,494
86$314,705,149$65,350,018$40,184,469$216,278,893
87$346,644,092$68,391,186$41,369,666$236,803,514
88$381,835,735$71,576,301$42,589,496$259,367,331
89$420,611,696$74,912,255$43,844,960$284,176,314
90$463,337,410$78,406,276$45,137,087$311,457,361
91$510,415,580$82,065,939$46,466,934$341,460,431
92$562,289,984$85,899,184$47,835,591$374,460,890
93$619,449,655$89,914,337$49,244,175$410,762,102
94$682,433,504$94,120,124$50,693,840$450,698,278
95$751,835,406$98,525,694$52,185,768$494,637,620
96$828,309,803$103,140,638$53,721,176$542,985,785
97$912,577,884$107,975,011$55,301,317$596,189,698
98$1,005,434,395$113,039,353$56,927,478$654,741,761
99$1,107,755,137$118,344,716$58,600,983$719,184,481
100$1,220,505,238$123,902,684$60,323,192$790,115,582