Can I retire at age 56 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,355,557
2 years$707,237$694,065$681,300$668,923$656,917$632,846
3 years$466,808$453,579$440,846$428,585$416,775$393,352
4 years$346,617$333,429$320,823$308,772$297,248$274,653
5 years$274,521$261,412$248,972$237,166$225,963$204,262
6 years$226,473$213,463$201,206$189,664$178,797$158,014
7 years$192,166$179,266$167,203$155,933$145,410$125,551
8 years$166,448$153,664$141,802$130,808$120,631$101,692
9 years$146,455$133,792$122,134$111,420$101,589$83,558
10 years$130,471$117,931$106,479$96,045$86,559$69,421
11 years$117,401$104,987$93,742$83,588$74,444$58,180
12 years$106,517$94,231$83,194$73,318$64,511$49,100
13 years$97,315$85,157$74,328$64,729$56,255$41,673
14 years$89,434$77,405$66,784$57,459$49,313$35,535
15 years$82,611$70,711$60,297$51,243$43,419$30,418
16 years$76,646$64,876$54,668$45,883$38,374$26,123
17 years$71,388$59,749$49,746$41,225$34,025$22,495
18 years$66,719$55,210$45,412$37,152$30,253$19,416
19 years$62,547$51,168$41,572$33,570$26,965$16,791
20 years$58,797$47,548$38,153$30,404$24,086$14,545
21 years$55,409$44,289$35,093$27,594$21,554$12,618
22 years$52,332$41,342$32,344$25,089$19,320$10,960
23 years$49,527$38,667$29,864$22,849$17,343$9,530
24 years$46,960$36,228$27,619$20,840$15,588$8,294
25 years$44,602$33,998$25,581$19,032$14,027$7,224
26 years$42,429$31,953$23,725$17,402$12,635$6,296
27 years$40,420$30,071$22,031$15,928$11,392$5,491
28 years$38,558$28,336$20,480$14,594$10,279$4,791
29 years$36,827$26,732$19,059$13,383$9,282$4,182
30 years$35,215$25,246$17,752$12,282$8,386$3,652
31 years$33,710$23,865$16,550$11,280$7,582$3,191
32 years$32,302$22,581$15,442$10,367$6,859$2,788
33 years$30,982$21,385$14,418$9,533$6,207$2,437
34 years$29,742$20,268$13,471$8,771$5,620$2,131
35 years$28,576$19,224$12,595$8,074$5,090$1,863
36 years$27,476$18,246$11,782$7,436$4,612$1,630
37 years$26,439$17,330$11,028$6,852$4,180$1,425
38 years$25,459$16,470$10,327$6,315$3,789$1,247
39 years$24,531$15,661$9,675$5,823$3,436$1,091
40 years$23,652$14,900$9,069$5,371$3,117$955
41 years$22,818$14,184$8,503$4,955$2,828$836
42 years$22,025$13,508$7,977$4,573$2,566$731
43 years$21,272$12,870$7,485$4,222$2,329$640
44 years$20,555$12,268$7,026$3,898$2,114$560
45 years$19,872$11,699$6,597$3,600$1,919$490
46 years$19,220$11,160$6,196$3,325$1,742$429
47 years$18,598$10,650$5,821$3,072$1,582$376
48 years$18,003$10,167$5,470$2,839$1,437$329
49 years$17,435$9,709$5,142$2,624$1,305$288
50 years$16,891$9,274$4,834$2,425$1,185$252

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,300,000, adding $6,440 every year, while hoping to spend $58,054 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: 65/27/8 Blend
55$17,300,000$17,300,000$17,300,000$17,300,000
56$19,071,243$18,154,343$17,886,193$20,280,870
57$20,954,741$18,982,137$18,423,611$21,914,533
58$23,028,409$19,848,547$18,977,088$23,691,217
59$25,311,585$20,755,404$19,547,098$25,630,799
60$27,825,575$21,704,626$20,134,134$27,749,124
61$30,593,856$22,698,226$20,738,700$30,063,622
62$33,642,300$23,738,309$21,361,316$32,593,464
63$36,999,412$24,827,084$22,002,518$35,359,738
64$40,696,606$25,966,865$22,662,857$38,385,648
65$44,768,497$27,160,078$23,342,899$41,696,722
66$49,253,226$28,409,264$24,043,229$45,321,049
67$54,192,826$29,717,089$24,764,448$49,289,541
68$59,633,612$31,086,344$25,507,175$53,636,217
69$65,626,621$32,519,956$26,272,046$58,398,516
70$72,228,094$34,020,991$27,059,717$63,617,646
71$79,500,005$35,592,666$27,870,863$69,338,966
72$87,510,648$37,238,348$28,706,179$75,612,407
73$96,335,278$38,961,571$29,566,380$82,492,934
74$106,056,824$40,766,036$30,452,202$90,041,059
75$116,766,672$42,655,623$31,364,402$98,323,402
76$128,565,523$44,634,400$32,303,761$107,413,314
77$141,564,350$46,706,629$33,271,080$117,391,558
78$155,885,440$48,876,780$34,267,187$128,347,061
79$171,663,548$51,149,536$35,292,931$140,377,749
80$189,047,174$53,529,807$36,349,189$153,591,452
81$208,199,959$56,022,741$37,436,860$168,106,921
82$229,302,233$58,633,733$38,556,872$184,054,930
83$252,552,713$61,368,438$39,710,180$201,579,502
84$278,170,385$64,232,787$40,897,766$220,839,258
85$306,396,563$67,232,993$42,120,641$242,008,895
86$337,497,176$70,375,572$43,379,845$265,280,828
87$371,765,267$73,667,355$44,676,450$290,866,991
88$409,523,771$77,115,502$46,011,557$319,000,818
89$451,128,553$80,727,519$47,386,302$349,939,437
90$496,971,774$84,511,275$48,801,851$383,966,078
91$547,485,588$88,475,021$50,259,407$421,392,731
92$603,146,227$92,627,406$51,760,205$462,563,072
93$664,478,489$96,977,496$53,305,519$507,855,687
94$732,060,700$101,534,798$54,896,659$557,687,633
95$806,530,166$106,309,278$56,534,972$612,518,348
96$888,589,195$111,311,385$58,221,846$672,853,968
97$979,011,723$116,552,073$59,958,708$739,252,084
98$1,078,650,622$122,042,827$61,747,027$812,326,985
99$1,188,445,748$127,795,689$63,588,316$892,755,426
100$1,309,432,820$133,823,283$65,484,130$981,282,995