Can I retire at age 56 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,319,401
2 years$699,060$686,041$673,423$661,189$649,323$605,230
3 years$461,411$448,335$435,749$423,630$411,957$369,332
4 years$342,609$329,574$317,114$305,202$293,811$252,980
5 years$271,347$258,390$246,093$234,424$223,351$184,423
6 years$223,855$210,995$198,880$187,471$176,730$139,738
7 years$189,945$177,193$165,270$154,130$143,729$108,668
8 years$164,524$151,887$140,162$129,296$119,237$86,083
9 years$144,762$132,245$120,722$110,132$100,415$69,130
10 years$128,962$116,568$105,248$94,934$85,558$56,094
11 years$116,044$103,773$92,659$82,621$73,583$45,884
12 years$105,286$93,141$82,232$72,470$63,765$37,772
13 years$96,190$84,173$73,469$63,980$55,605$31,252
14 years$88,400$76,511$66,012$56,794$48,743$25,963
15 years$81,655$69,894$59,600$50,651$42,917$21,642
16 years$75,759$64,126$54,036$45,352$37,930$18,089
17 years$70,563$59,058$49,171$40,749$33,631$15,154
18 years$65,948$54,572$44,887$36,723$29,904$12,718
19 years$61,824$50,577$41,092$33,182$26,654$10,691
20 years$58,117$46,998$37,712$30,053$23,808$8,998
21 years$54,768$43,777$34,688$27,275$21,305$7,582
22 years$51,727$40,864$31,970$24,799$19,097$6,394
23 years$48,955$38,220$29,519$22,585$17,143$5,397
24 years$46,417$35,809$27,300$20,599$15,408$4,558
25 years$44,086$33,605$25,285$18,812$13,865$3,851
26 years$41,938$31,584$23,451$17,201$12,489$3,256
27 years$39,953$29,724$21,776$15,744$11,260$2,753
28 years$38,112$28,009$20,244$14,425$10,160$2,329
29 years$36,402$26,423$18,838$13,228$9,174$1,971
30 years$34,808$24,954$17,547$12,140$8,290$1,668
31 years$33,320$23,589$16,359$11,150$7,495$1,412
32 years$31,928$22,320$15,263$10,247$6,779$1,196
33 years$30,624$21,138$14,251$9,423$6,135$1,012
34 years$29,398$20,034$13,315$8,670$5,555$857
35 years$28,245$19,002$12,449$7,981$5,031$726
36 years$27,159$18,035$11,646$7,350$4,559$615
37 years$26,133$17,130$10,900$6,772$4,132$521
38 years$25,164$16,279$10,208$6,242$3,746$442
39 years$24,247$15,480$9,563$5,756$3,397$374
40 years$23,378$14,728$8,964$5,309$3,081$317
41 years$22,554$14,020$8,405$4,898$2,795$269
42 years$21,771$13,352$7,884$4,520$2,536$228
43 years$21,026$12,722$7,398$4,173$2,302$193
44 years$20,317$12,126$6,945$3,853$2,089$163
45 years$19,642$11,564$6,521$3,558$1,897$138
46 years$18,998$11,031$6,125$3,287$1,722$117
47 years$18,383$10,527$5,754$3,037$1,564$99
48 years$17,795$10,049$5,407$2,806$1,420$84
49 years$17,233$9,597$5,082$2,593$1,290$71
50 years$16,696$9,167$4,778$2,397$1,172$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,100,000, adding $5,417 every year, while hoping to spend $28,998 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: 34/42/24 Blend
55$17,100,000$17,100,000$17,100,000$17,100,000
56$18,849,788$17,943,488$17,678,438$19,352,786
57$20,741,612$18,791,865$18,239,812$20,576,943
58$22,825,431$19,680,841$18,819,020$21,893,102
59$25,120,797$20,612,374$19,416,629$23,311,839
60$27,649,256$21,588,518$20,033,224$24,842,277
61$30,434,552$22,611,427$20,669,408$26,494,411
62$33,502,847$23,683,358$21,325,804$28,279,193
63$36,882,973$24,806,678$22,003,055$30,208,629
64$40,606,702$25,983,871$22,701,822$32,295,880
65$44,709,044$27,217,538$23,422,791$34,555,380
66$49,228,578$28,510,410$24,166,667$37,002,962
67$54,207,821$29,865,347$24,934,178$39,655,998
68$59,693,621$31,285,352$25,726,075$42,533,549
69$65,737,605$32,773,569$26,543,134$45,656,537
70$72,396,666$34,333,299$27,386,154$49,047,932
71$79,733,496$35,968,001$28,255,960$52,732,952
72$87,817,183$37,681,303$29,153,405$56,739,291
73$96,723,858$39,477,010$30,079,367$61,097,370
74$106,537,418$41,359,110$31,034,752$65,840,605
75$117,350,314$43,331,786$32,020,496$71,005,711
76$129,264,428$45,399,424$33,037,564$76,633,032
77$142,392,028$47,566,625$34,086,951$82,766,908
78$156,856,837$49,838,212$35,169,686$89,456,074
79$172,795,193$52,219,242$36,286,828$96,754,105
80$190,357,337$54,715,020$37,439,472$104,719,903
81$209,708,837$57,331,108$38,628,746$113,418,232
82$231,032,145$60,073,338$39,855,815$122,920,312
83$254,528,319$62,947,827$41,121,880$133,304,469
84$280,418,926$65,960,989$42,428,182$144,656,854
85$308,948,130$69,119,551$43,775,999$157,072,230
86$340,384,996$72,430,566$45,166,652$170,654,846
87$375,026,034$75,901,432$46,601,503$185,519,396
88$413,197,993$79,539,906$48,081,958$201,792,073
89$455,260,950$83,354,123$49,609,465$219,611,733
90$501,611,707$87,352,615$51,185,522$239,131,181
91$552,687,537$91,544,328$52,811,673$260,518,580
92$608,970,311$95,938,646$54,489,509$283,959,005
93$670,991,051$100,545,408$56,220,676$309,656,164
94$739,334,938$105,374,932$58,006,868$337,834,278
95$814,646,839$110,438,042$59,849,836$368,740,170
96$897,637,396$115,746,085$61,751,385$402,645,550
97$989,089,732$121,310,965$63,713,378$439,849,545
98$1,089,866,846$127,145,164$65,737,737$480,681,480
99$1,200,919,760$133,261,772$67,826,447$525,503,944
100$1,323,296,495$139,674,519$69,981,553$574,716,166