Can I retire at age 53 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,305,430
2 years$694,972$682,029$669,485$657,323$645,526$595,543
3 years$458,713$445,714$433,201$421,153$409,548$361,328
4 years$340,606$327,647$315,260$303,417$292,093$246,004
5 years$269,760$256,879$244,654$233,053$222,044$178,206
6 years$222,546$209,761$197,717$186,375$175,696$134,140
7 years$188,834$176,157$164,304$153,229$142,888$103,602
8 years$163,562$150,999$139,343$128,540$118,539$81,489
9 years$143,916$131,472$120,016$109,487$99,827$64,962
10 years$128,208$115,886$104,632$94,379$85,058$52,314
11 years$115,365$103,166$92,117$82,138$73,153$42,460
12 years$104,670$92,597$81,751$72,046$63,393$34,675
13 years$95,628$83,680$73,039$63,606$55,280$28,455
14 years$87,883$76,063$65,626$56,462$48,458$23,443
15 years$81,178$69,485$59,252$50,355$42,666$19,375
16 years$75,316$63,751$53,720$45,087$37,708$16,055
17 years$70,150$58,712$48,883$40,510$33,435$13,331
18 years$65,562$54,253$44,624$36,508$29,729$11,089
19 years$61,463$50,281$40,851$32,988$26,498$9,237
20 years$57,778$46,724$37,491$29,877$23,668$7,703
21 years$54,448$43,521$34,485$27,115$21,180$6,431
22 years$51,425$40,625$31,783$24,654$18,985$5,373
23 years$48,669$37,996$29,346$22,453$17,042$4,492
24 years$46,146$35,600$27,140$20,478$15,318$3,757
25 years$43,829$33,409$25,137$18,702$13,784$3,145
26 years$41,693$31,399$23,313$17,100$12,416$2,633
27 years$39,719$29,550$21,649$15,652$11,194$2,205
28 years$37,889$27,845$20,125$14,341$10,101$1,847
29 years$36,189$26,268$18,728$13,151$9,121$1,548
30 years$34,605$24,808$17,445$12,069$8,241$1,297
31 years$33,126$23,452$16,263$11,085$7,451$1,087
32 years$31,742$22,190$15,174$10,187$6,740$912
33 years$30,445$21,014$14,168$9,368$6,099$764
34 years$29,226$19,917$13,238$8,619$5,522$641
35 years$28,080$18,891$12,376$7,934$5,002$537
36 years$27,000$17,930$11,578$7,307$4,532$451
37 years$25,981$17,029$10,836$6,733$4,107$378
38 years$25,017$16,184$10,148$6,206$3,724$317
39 years$24,106$15,389$9,507$5,722$3,377$266
40 years$23,242$14,642$8,911$5,278$3,063$223
41 years$22,422$13,938$8,356$4,869$2,779$187
42 years$21,643$13,274$7,838$4,494$2,521$157
43 years$20,903$12,647$7,355$4,148$2,288$132
44 years$20,198$12,055$6,904$3,830$2,077$110
45 years$19,527$11,496$6,483$3,537$1,886$93
46 years$18,886$10,967$6,089$3,268$1,712$78
47 years$18,275$10,465$5,720$3,019$1,555$65
48 years$17,691$9,991$5,375$2,790$1,412$55
49 years$17,132$9,541$5,053$2,578$1,282$46
50 years$16,598$9,114$4,750$2,383$1,165$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,000,000, adding $2,235 every year, while hoping to spend $30,330 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: 77/18/5 Blend
52$17,000,000$17,000,000$17,000,000$17,000,000
53$18,736,305$17,835,305$17,571,805$20,173,985
54$20,615,138$18,676,964$18,128,190$21,959,001
55$22,684,594$19,558,848$18,702,197$23,911,287
56$24,964,087$20,482,896$19,294,385$26,050,701
57$27,475,006$21,451,140$19,905,329$28,395,807
58$30,240,924$22,465,713$20,535,624$30,967,040
59$33,287,814$23,528,849$21,185,884$33,786,895
60$36,644,300$24,642,891$21,856,740$36,880,133
61$40,341,923$25,810,298$22,548,845$40,274,017
62$44,415,441$27,033,644$23,262,873$43,998,562
63$48,903,154$28,315,631$23,999,518$48,086,813
64$53,847,271$29,659,092$24,759,496$52,575,158
65$59,294,301$31,066,996$25,543,548$57,503,661
66$65,295,499$32,542,458$26,352,436$62,916,440
67$71,907,344$34,088,742$27,186,947$68,862,079
68$79,192,076$35,709,273$28,047,892$75,394,079
69$87,218,281$37,407,641$28,936,110$82,571,359
70$96,061,540$39,187,610$29,852,464$90,458,809
71$105,805,142$41,053,128$30,797,847$99,127,894
72$116,540,870$43,008,334$31,773,178$108,657,324
73$128,369,865$45,057,569$32,779,406$119,133,791
74$141,403,585$47,205,384$33,817,510$130,652,781
75$155,764,854$49,456,551$34,888,500$143,319,470
76$171,589,023$51,816,076$35,993,419$157,249,706
77$189,025,246$54,289,207$37,133,341$172,571,100
78$208,237,890$56,881,446$38,309,376$189,424,219
79$229,408,083$59,598,566$39,522,669$207,963,909
80$252,735,429$62,446,617$40,774,399$228,360,743
81$278,439,887$65,431,945$42,065,786$250,802,629
82$306,763,851$68,561,206$43,398,086$275,496,569
83$337,974,438$71,841,379$44,772,595$302,670,605
84$372,366,005$75,279,781$46,190,652$332,575,965
85$410,262,935$78,884,088$47,653,636$365,489,420
86$452,022,692$82,662,346$49,162,971$401,715,888
87$498,039,203$86,622,997$50,720,127$441,591,298
88$548,746,569$90,774,892$52,326,618$485,485,754
89$604,623,168$95,127,311$53,984,009$533,807,013
90$666,196,171$99,689,988$55,693,913$587,004,321
91$734,046,515$104,473,132$57,457,994$645,572,640
92$808,814,392$109,487,448$59,277,969$710,057,310
93$891,205,289$114,744,162$61,155,610$781,059,176
94$981,996,650$120,255,048$63,092,744$859,240,247
95$1,082,045,215$126,032,452$65,091,258$945,329,932
96$1,192,295,108$132,089,323$67,153,097$1,040,131,904
97$1,313,786,751$138,439,242$69,280,267$1,144,531,669
98$1,447,666,684$145,096,449$71,474,840$1,259,504,909
99$1,595,198,392$152,075,881$73,738,953$1,386,126,672
100$1,757,774,229$159,393,200$76,074,809$1,525,581,500