Can I retire at age 56 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,340,028
2 years$703,148$690,053$677,361$665,056$653,120$621,534
3 years$464,109$450,957$438,298$426,108$414,366$383,705
4 years$344,613$331,501$318,968$306,987$295,529$266,030
5 years$272,934$259,901$247,533$235,795$224,657$196,401
6 years$225,164$212,229$200,043$188,567$177,763$150,780
7 years$191,055$178,229$166,237$155,032$144,569$118,863
8 years$165,486$152,776$140,982$130,052$119,934$95,495
9 years$145,609$133,019$121,428$110,776$101,002$77,811
10 years$129,717$117,249$105,863$95,490$86,059$64,092
11 years$116,722$104,380$93,200$83,105$74,013$53,240
12 years$105,901$93,686$82,713$72,894$64,138$44,525
13 years$96,753$84,665$73,899$64,354$55,930$37,440
14 years$88,917$76,958$66,398$57,127$49,028$31,623
15 years$82,133$70,302$59,949$50,947$43,168$26,809
16 years$76,202$64,501$54,352$45,617$38,152$22,796
17 years$70,975$59,403$49,458$40,987$33,828$19,434
18 years$66,334$54,891$45,149$36,937$30,078$16,603
19 years$62,186$50,873$41,332$33,376$26,810$14,210
20 years$58,457$47,273$37,932$30,229$23,947$12,181
21 years$55,088$44,033$34,890$27,434$21,430$10,455
22 years$52,030$41,103$32,157$24,944$19,209$8,983
23 years$49,241$38,443$29,691$22,717$17,243$7,726
24 years$46,689$36,019$27,459$20,719$15,498$6,650
25 years$44,344$33,802$25,433$18,922$13,946$5,728
26 years$42,184$31,768$23,588$17,301$12,562$4,937
27 years$40,186$29,898$21,903$15,836$11,326$4,257
28 years$38,335$28,172$20,362$14,509$10,219$3,673
29 years$36,615$26,577$18,949$13,305$9,228$3,170
30 years$35,012$25,100$17,650$12,211$8,338$2,736
31 years$33,515$23,727$16,454$11,215$7,538$2,363
32 years$32,115$22,451$15,352$10,307$6,819$2,041
33 years$30,803$21,261$14,334$9,478$6,171$1,763
34 years$29,570$20,151$13,393$8,721$5,587$1,523
35 years$28,410$19,113$12,522$8,028$5,061$1,317
36 years$27,318$18,141$11,714$7,393$4,585$1,138
37 years$26,286$17,230$10,964$6,812$4,156$984
38 years$25,312$16,374$10,267$6,279$3,768$850
39 years$24,389$15,570$9,619$5,789$3,417$735
40 years$23,515$14,814$9,016$5,340$3,099$636
41 years$22,686$14,102$8,454$4,927$2,811$550
42 years$21,898$13,430$7,930$4,547$2,551$475
43 years$21,149$12,796$7,442$4,197$2,315$411
44 years$20,436$12,197$6,985$3,875$2,102$355
45 years$19,757$11,631$6,559$3,579$1,908$307
46 years$19,109$11,096$6,160$3,306$1,732$266
47 years$18,490$10,589$5,788$3,054$1,573$230
48 years$17,899$10,108$5,439$2,822$1,428$199
49 years$17,334$9,653$5,112$2,608$1,297$172
50 years$16,793$9,221$4,806$2,411$1,178$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,200,000, adding $3,691 every year, while hoping to spend $43,925 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: 21/50/29 Blend
55$17,200,000$17,200,000$17,200,000$17,200,000
56$18,958,207$18,046,607$17,780,007$19,181,477
57$20,845,209$18,884,155$18,328,902$20,224,784
58$22,923,212$19,761,271$18,894,712$21,335,387
59$25,211,653$20,679,846$19,477,958$22,521,663
60$27,731,948$21,641,866$20,079,177$23,789,770
61$30,507,698$22,649,409$20,698,920$25,146,427
62$33,564,908$23,704,654$21,337,759$26,598,965
63$36,932,235$24,809,888$21,996,279$28,155,391
64$40,641,255$25,967,505$22,675,087$29,824,450
65$44,726,766$27,180,016$23,374,806$31,615,699
66$49,227,112$28,450,053$24,096,078$33,539,584
67$54,184,548$29,780,375$24,839,567$35,607,531
68$59,645,635$31,173,877$25,605,955$37,832,037
69$65,661,681$32,633,589$26,395,946$40,226,777
70$72,289,229$34,162,690$27,210,267$42,806,721
71$79,590,583$35,764,515$28,049,663$45,588,260
72$87,634,403$37,442,556$28,914,907$48,589,346
73$96,496,348$39,200,478$29,806,793$51,829,649
74$106,259,793$41,042,119$30,726,138$55,330,722
75$117,016,615$42,971,506$31,673,787$59,116,193
76$128,868,061$44,992,861$32,650,610$63,211,967
77$141,925,700$47,110,608$33,657,502$67,646,453
78$156,312,481$49,329,387$34,695,388$72,450,814
79$172,163,890$51,654,063$35,765,220$77,659,241
80$189,629,230$54,089,736$36,867,978$83,309,255
81$208,873,030$56,641,752$38,004,674$89,442,040
82$230,076,599$59,315,717$39,176,350$96,102,806
83$253,439,736$62,117,511$40,384,081$103,341,197
84$279,182,615$65,053,295$41,628,974$111,211,729
85$307,547,866$68,129,531$42,912,169$119,774,283
86$338,802,865$71,352,994$44,234,843$129,094,642
87$373,242,255$74,730,789$45,598,208$139,245,081
88$411,190,730$78,270,362$47,003,513$150,305,022
89$453,006,098$81,979,524$48,452,045$162,361,751
90$499,082,663$85,866,463$49,945,131$175,511,211
91$549,854,941$89,939,766$51,484,139$189,858,870
92$605,801,764$94,208,434$53,070,477$205,520,685
93$667,450,805$98,681,909$54,705,599$222,624,157
94$735,383,552$103,370,087$56,391,002$241,309,493
95$810,240,802$108,283,348$58,128,227$261,730,893
96$892,728,706$113,432,575$59,918,866$284,057,961
97$983,625,442$118,829,179$61,764,556$308,477,258
98$1,083,788,555$124,485,127$63,666,986$335,194,021
99$1,194,163,056$130,412,966$65,627,898$364,434,046
100$1,315,790,339$136,625,853$67,649,084$396,445,772