Can I retire at age 56 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,390,331
2 years$723,589$710,113$697,052$684,389$672,106$650,904
3 years$477,601$464,066$451,039$438,495$426,412$405,759
4 years$354,631$341,138$328,241$315,911$304,120$284,176
5 years$280,868$267,456$254,728$242,650$231,188$212,009
6 years$231,709$218,398$205,858$194,049$182,931$164,541
7 years$196,609$183,410$171,069$159,538$148,772$131,177
8 years$170,296$157,217$145,080$133,833$123,420$106,617
9 years$149,842$136,885$124,958$113,996$103,938$87,918
10 years$133,487$120,658$108,941$98,265$88,560$73,312
11 years$120,115$107,415$95,910$85,520$76,165$61,673
12 years$108,980$96,409$85,118$75,013$66,003$52,249
13 years$99,565$87,126$76,047$66,225$57,556$44,521
14 years$91,502$79,195$68,328$58,787$50,453$38,117
15 years$84,521$72,346$61,691$52,428$44,423$32,763
16 years$78,418$66,376$55,932$46,944$39,261$28,254
17 years$73,038$61,130$50,896$42,178$34,812$24,435
18 years$68,262$56,487$46,462$38,011$30,953$21,182
19 years$63,994$52,351$42,533$34,346$27,589$18,399
20 years$60,157$48,648$39,035$31,107$24,643$16,010
21 years$56,690$45,313$35,905$28,232$22,053$13,952
22 years$53,542$42,298$33,092$25,669$19,767$12,174
23 years$50,673$39,561$30,554$23,377$17,744$10,635
24 years$48,046$37,066$28,258$21,322$15,949$9,299
25 years$45,633$34,784$26,172$19,472$14,351$8,138
26 years$43,410$32,692$24,273$17,804$12,927$7,127
27 years$41,355$30,767$22,540$16,297$11,655$6,245
28 years$39,449$28,991$20,954$14,931$10,517$5,476
29 years$37,679$27,350$19,499$13,692$9,496$4,804
30 years$36,030$25,829$18,163$12,566$8,580$4,216
31 years$34,490$24,417$16,933$11,541$7,757$3,701
32 years$33,049$23,104$15,799$10,606$7,017$3,251
33 years$31,698$21,879$14,751$9,753$6,351$2,855
34 years$30,430$20,737$13,783$8,974$5,750$2,509
35 years$29,236$19,669$12,886$8,261$5,208$2,205
36 years$28,112$18,668$12,054$7,608$4,718$1,939
37 years$27,050$17,731$11,283$7,010$4,277$1,704
38 years$26,047$16,850$10,566$6,461$3,877$1,499
39 years$25,098$16,023$9,899$5,958$3,516$1,318
40 years$24,199$15,245$9,278$5,495$3,189$1,159
41 years$23,345$14,511$8,700$5,070$2,893$1,020
42 years$22,535$13,820$8,161$4,679$2,625$897
43 years$21,764$13,168$7,658$4,319$2,383$789
44 years$21,030$12,552$7,188$3,988$2,163$694
45 years$20,331$11,969$6,750$3,683$1,963$611
46 years$19,664$11,418$6,339$3,402$1,783$538
47 years$19,028$10,896$5,956$3,143$1,619$473
48 years$18,419$10,402$5,597$2,904$1,470$416
49 years$17,838$9,933$5,261$2,684$1,335$366
50 years$17,281$9,489$4,946$2,481$1,213$322

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,700,000, adding $2,490 every year, while hoping to spend $32,300 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: 79/10/11 Blend
55$17,700,000$17,700,000$17,700,000$17,700,000
56$19,507,968$18,569,868$18,295,518$21,010,923
57$21,463,414$19,445,425$18,874,051$22,874,205
58$23,617,233$20,362,801$19,470,883$24,913,457
59$25,989,625$21,324,012$20,086,591$27,149,741
60$28,602,848$22,331,171$20,721,774$29,602,726
61$31,481,433$23,386,492$21,377,047$32,294,067
62$34,652,407$24,492,299$22,053,046$35,247,614
63$38,145,557$25,651,026$22,750,428$38,489,625
64$41,993,704$26,865,226$23,469,867$42,049,020
65$46,233,017$28,137,577$24,212,063$45,957,647
66$50,903,352$29,470,886$24,977,735$50,250,581
67$56,048,631$30,868,096$25,767,626$54,966,452
68$61,717,252$32,332,294$26,582,502$60,147,805
69$67,962,549$33,866,714$27,423,153$65,841,502
70$74,843,296$35,474,750$28,290,396$72,099,158
71$82,424,260$37,159,960$29,185,071$78,977,627
72$90,776,810$38,926,073$30,108,047$86,539,533
73$99,979,597$40,777,003$31,060,218$94,853,859
74$110,119,289$42,716,850$32,042,509$103,996,593
75$121,291,396$44,749,915$33,055,873$114,051,442
76$133,601,167$46,880,709$34,101,293$125,110,620
77$147,164,582$49,113,960$35,179,783$137,275,708
78$162,109,453$51,454,628$36,292,389$150,658,616
79$178,576,624$53,907,911$37,440,191$165,382,628
80$196,721,305$56,479,264$38,624,302$181,583,566
81$216,714,534$59,174,404$39,845,872$199,411,063
82$238,744,794$61,999,327$41,106,086$219,029,971
83$263,019,789$64,960,321$42,406,167$240,621,914
84$289,768,410$68,063,978$43,747,375$264,386,993
85$319,242,888$71,317,214$45,131,013$290,545,671
86$351,721,184$74,727,279$46,558,423$319,340,847
87$387,509,605$78,301,775$48,030,990$351,040,141
88$426,945,699$82,048,677$49,550,143$385,938,416
89$470,401,444$85,976,346$51,117,357$424,360,552
90$518,286,754$90,093,550$52,734,151$466,664,506
91$571,053,354$94,409,485$54,402,096$513,244,682
92$629,199,039$98,933,792$56,122,809$564,535,649
93$693,272,379$103,676,586$57,897,961$621,016,230
94$763,877,893$108,648,470$59,729,274$683,214,017
95$841,681,759$113,860,566$61,618,526$751,710,339
96$927,418,101$119,324,537$63,567,549$827,145,743
97$1,021,895,922$125,052,613$65,578,236$910,226,028
98$1,126,006,737$131,057,623$67,652,539$1,001,728,898
99$1,240,732,995$137,353,017$69,792,469$1,102,511,292
100$1,367,157,348$143,952,902$72,000,105$1,213,517,464