Can I retire at age 56 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,286,211
2 years$666,356$653,946$641,918$630,257$618,945$605,276
3 years$439,824$427,361$415,363$403,811$392,684$379,343
4 years$326,581$314,155$302,278$290,923$280,066$267,156
5 years$258,653$246,302$234,580$223,457$212,901$200,461
6 years$213,382$201,124$189,576$178,700$168,462$156,506
7 years$181,058$168,903$157,538$146,919$137,004$125,538
8 years$156,827$144,781$133,605$123,247$113,658$102,681
9 years$137,990$126,058$115,074$104,979$95,717$85,224
10 years$122,929$111,114$100,324$90,493$81,556$71,541
11 years$110,615$98,918$88,324$78,756$70,140$60,596
12 years$100,360$88,784$78,385$69,080$60,782$51,698
13 years$91,690$80,235$70,032$60,987$53,003$44,369
14 years$84,265$72,931$62,924$54,137$46,462$38,266
15 years$77,835$66,624$56,812$48,281$40,909$33,138
16 years$72,215$61,126$51,508$43,230$36,156$28,796
17 years$67,261$56,295$46,870$38,842$32,058$25,097
18 years$62,863$52,019$42,787$35,005$28,505$21,928
19 years$58,932$48,211$39,169$31,630$25,407$19,201
20 years$55,399$44,800$35,948$28,647$22,694$16,844
21 years$52,206$41,729$33,065$25,999$20,308$14,800
22 years$49,307$38,953$30,474$23,639$18,204$13,022
23 years$46,665$36,432$28,138$21,528$16,341$11,472
24 years$44,246$34,134$26,023$19,635$14,687$10,117
25 years$42,024$32,033$24,102$17,932$13,216$8,931
26 years$39,976$30,106$22,353$16,396$11,905$7,890
27 years$38,084$28,333$20,757$15,008$10,733$6,975
28 years$36,329$26,698$19,296$13,750$9,685$6,170
29 years$34,699$25,187$17,957$12,609$8,745$5,461
30 years$33,180$23,786$16,726$11,572$7,902$4,836
31 years$31,762$22,486$15,593$10,628$7,144$4,285
32 years$30,435$21,276$14,549$9,768$6,462$3,797
33 years$29,191$20,149$13,584$8,982$5,848$3,367
34 years$28,023$19,097$12,692$8,264$5,295$2,986
35 years$26,924$18,113$11,867$7,608$4,796$2,648
36 years$25,888$17,192$11,101$7,007$4,345$2,350
37 years$24,911$16,328$10,390$6,456$3,938$2,085
38 years$23,987$15,518$9,730$5,950$3,570$1,851
39 years$23,113$14,756$9,116$5,486$3,238$1,643
40 years$22,285$14,039$8,544$5,060$2,937$1,459
41 years$21,499$13,364$8,012$4,669$2,664$1,296
42 years$20,752$12,727$7,515$4,309$2,418$1,151
43 years$20,042$12,126$7,052$3,978$2,194$1,022
44 years$19,367$11,559$6,620$3,673$1,992$908
45 years$18,723$11,023$6,216$3,392$1,808$806
46 years$18,109$10,515$5,838$3,133$1,642$716
47 years$17,523$10,035$5,485$2,895$1,491$636
48 years$16,963$9,579$5,154$2,675$1,354$565
49 years$16,427$9,148$4,845$2,472$1,229$502
50 years$15,914$8,738$4,555$2,285$1,117$446

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,300,000, adding $4,471 every year, while hoping to spend $53,525 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: 56/31/13 Blend
55$16,300,000$16,300,000$16,300,000$16,300,000
56$17,967,212$17,103,312$16,850,662$18,913,369
57$19,742,917$17,884,424$17,358,209$20,336,113
58$21,697,951$18,702,017$17,880,965$21,878,849
59$23,850,547$19,557,821$18,419,382$23,558,039
60$26,220,800$20,453,651$18,973,928$25,386,737
61$28,830,849$21,391,408$19,545,083$27,379,288
62$31,705,093$22,373,083$20,133,340$29,551,463
63$34,870,414$23,400,767$20,739,209$31,920,601
64$38,356,438$24,476,646$21,363,214$34,505,765
65$42,195,807$25,603,014$22,005,894$37,327,918
66$46,424,493$26,782,275$22,667,805$40,410,115
67$51,082,133$28,016,948$23,349,518$43,777,715
68$56,212,406$29,309,674$24,051,623$47,458,610
69$61,863,443$30,663,220$24,774,724$51,483,483
70$68,088,284$32,080,487$25,519,447$55,886,095
71$74,945,374$33,564,516$26,286,433$60,703,588
72$82,499,117$35,118,493$27,076,344$65,976,832
73$90,820,486$36,745,758$27,889,860$71,750,805
74$99,987,688$38,449,812$28,727,683$78,075,001
75$110,086,905$40,234,326$29,590,533$85,003,897
76$121,213,107$42,103,145$30,479,154$92,597,452
77$133,470,948$44,060,304$31,394,309$100,921,662
78$146,975,752$46,110,027$32,336,787$110,049,179
79$161,854,607$48,256,745$33,307,397$120,059,979
80$178,247,555$50,505,104$34,306,973$131,042,109
81$196,308,922$52,859,971$35,336,374$143,092,506
82$216,208,774$55,326,451$36,396,483$156,317,897
83$238,134,514$57,909,893$37,488,211$170,835,797
84$262,292,662$60,615,905$38,612,494$186,775,603
85$288,910,797$63,450,368$39,770,296$204,279,799
86$318,239,706$66,419,444$40,962,609$223,505,290
87$350,555,755$69,529,595$42,190,454$244,624,865
88$386,163,492$72,787,595$43,454,884$267,828,812
89$425,398,525$76,200,545$44,756,981$293,326,696
90$468,630,693$79,775,890$46,097,858$321,349,323
91$516,267,550$83,521,434$47,478,662$352,150,894
92$568,758,216$87,445,361$48,900,573$386,011,391
93$626,597,619$91,556,248$50,364,807$423,239,197
94$690,331,162$95,863,090$51,872,614$464,173,985
95$760,559,875$100,375,316$53,425,281$509,189,901
96$837,946,087$105,102,811$55,024,133$558,699,074
97$923,219,679$110,055,940$56,670,533$613,155,485
98$1,017,184,975$115,245,570$58,365,884$673,059,219
99$1,120,728,334$120,683,094$60,111,632$738,961,165
100$1,234,826,515$126,380,457$61,909,263$811,468,187