Can I retire at age 56 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%11.3%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,332,330
2 years$686,796$674,005$661,609$649,590$637,931$630,540
3 years$453,316$440,470$428,105$416,198$404,730$397,501
4 years$336,599$323,792$311,551$299,847$288,657$281,646
5 years$266,587$253,857$241,776$230,312$219,432$212,660
6 years$219,927$207,293$195,391$184,182$173,629$167,105
7 years$186,612$174,085$162,371$151,426$141,207$134,934
8 years$161,637$149,223$137,703$127,028$117,145$111,123
9 years$142,223$129,925$118,604$108,199$98,653$92,880
10 years$126,700$114,523$103,402$93,269$84,057$78,532
11 years$114,008$101,953$91,033$81,172$72,292$67,010
12 years$103,439$91,507$80,790$71,199$62,647$57,603
13 years$94,503$82,696$72,180$62,858$54,629$49,820
14 years$86,849$75,168$64,854$55,798$47,888$43,307
15 years$80,223$68,668$58,555$49,762$42,164$37,806
16 years$74,430$63,001$53,088$44,557$37,265$33,123
17 years$69,325$58,022$48,308$40,034$33,041$29,110
18 years$64,791$53,615$44,099$36,078$29,379$25,651
19 years$60,740$49,690$40,371$32,600$26,186$22,655
20 years$57,098$46,174$37,050$29,526$23,390$20,048
21 years$53,807$43,009$34,079$26,796$20,931$17,773
22 years$50,820$40,148$31,409$24,364$18,762$15,779
23 years$48,096$37,549$29,001$22,189$16,842$14,028
24 years$45,603$35,181$26,821$20,237$15,138$12,486
25 years$43,313$33,016$24,841$18,482$13,622$11,124
26 years$41,203$31,029$23,039$16,899$12,270$9,920
27 years$39,252$29,202$21,394$15,468$11,062$8,854
28 years$37,444$27,517$19,888$14,172$9,982$7,908
29 years$35,763$25,959$18,508$12,996$9,013$7,067
30 years$34,198$24,516$17,239$11,927$8,144$6,320
31 years$32,736$23,176$16,072$10,954$7,363$5,654
32 years$31,368$21,929$14,995$10,067$6,660$5,061
33 years$30,086$20,767$14,001$9,258$6,028$4,531
34 years$28,882$19,682$13,082$8,518$5,457$4,059
35 years$27,750$18,668$12,231$7,841$4,943$3,637
36 years$26,682$17,719$11,441$7,221$4,479$3,260
37 years$25,675$16,829$10,709$6,654$4,059$2,922
38 years$24,723$15,994$10,028$6,133$3,680$2,620
39 years$23,822$15,208$9,396$5,655$3,337$2,350
40 years$22,968$14,469$8,807$5,216$3,027$2,108
41 years$22,158$13,774$8,258$4,812$2,746$1,892
42 years$21,389$13,117$7,746$4,441$2,492$1,697
43 years$20,657$12,498$7,269$4,100$2,261$1,523
44 years$19,961$11,913$6,823$3,785$2,053$1,367
45 years$19,297$11,361$6,406$3,496$1,863$1,227
46 years$18,664$10,838$6,017$3,229$1,692$1,102
47 years$18,060$10,342$5,653$2,983$1,536$989
48 years$17,483$9,873$5,312$2,757$1,395$888
49 years$16,931$9,428$4,993$2,548$1,267$797
50 years$16,403$9,006$4,694$2,355$1,151$716

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $16,800,000, adding $4,528 every year, while hoping to spend $59,102 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: 46/44/10 Blend
55$16,800,000$16,800,000$16,800,000$16,800,000
56$18,518,271$17,627,871$17,367,471$19,318,194
57$20,344,250$18,428,752$17,886,397$20,671,958
58$22,354,499$19,266,896$18,420,726$22,133,212
59$24,567,749$20,144,066$18,970,912$23,717,028
60$27,004,644$21,062,109$19,537,422$25,434,771
61$29,687,928$22,022,963$20,120,736$27,298,915
62$32,642,665$23,028,656$20,721,348$29,323,152
63$35,896,471$24,081,315$21,339,768$31,522,516
64$39,479,780$25,183,168$21,976,519$33,913,518
65$43,426,125$26,336,551$22,632,140$36,514,290
66$47,772,458$27,543,910$23,307,186$39,344,751
67$52,559,499$28,807,812$24,002,227$42,426,785
68$57,832,117$30,130,944$24,717,850$45,784,439
69$63,639,756$31,516,123$25,454,661$49,444,140
70$70,036,900$32,966,302$26,213,281$53,434,935
71$77,083,588$34,484,575$26,994,351$57,788,752
72$84,845,981$36,074,186$27,798,528$62,540,697
73$93,396,983$37,738,534$28,626,491$67,729,363
74$102,816,935$39,481,181$29,478,937$73,397,195
75$113,194,365$41,305,861$30,356,584$79,590,868
76$124,626,831$43,216,489$31,260,171$86,361,717
77$137,221,838$45,217,168$32,190,457$93,766,213
78$151,097,852$47,312,196$33,148,224$101,866,473
79$166,385,421$49,506,081$34,134,277$110,730,838
80$183,228,402$51,803,547$35,149,444$120,434,500
81$201,785,325$54,209,547$36,194,577$131,060,194
82$222,230,885$56,729,272$37,270,551$142,698,962
83$244,757,590$59,368,161$38,378,270$155,450,997
84$269,577,583$62,131,920$39,518,661$169,426,566
85$296,924,639$65,026,526$40,692,678$184,747,034
86$327,056,374$68,058,248$41,901,304$201,545,985
87$360,256,676$71,233,654$43,145,551$219,970,466
88$396,838,387$74,559,633$44,426,457$240,182,348
89$437,146,252$78,043,404$45,745,092$262,359,833
90$481,560,175$81,692,536$47,102,558$286,699,110
91$530,498,805$85,514,963$48,499,986$313,416,180
92$584,423,490$89,519,003$49,938,543$342,748,870
93$643,842,628$93,713,376$51,419,425$374,959,044
94$709,316,468$98,107,224$52,943,868$410,335,053
95$781,462,399$102,710,129$54,513,139$449,194,418
96$860,960,779$107,532,140$56,128,544$491,886,798
97$948,561,353$112,583,790$57,791,425$538,797,256
98$1,045,090,337$117,876,121$59,503,163$590,349,858
99$1,151,458,212$123,420,712$61,265,181$647,011,634
100$1,268,668,324$129,229,701$63,078,938$709,296,956