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%17.4%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,314,844
2 years$694,972$682,029$669,485$657,323$645,526$604,804
3 years$458,713$445,714$433,201$421,153$409,548$370,141
4 years$340,606$327,647$315,260$303,417$292,093$254,304
5 years$269,760$256,879$244,654$233,053$222,044$185,975
6 years$222,546$209,761$197,717$186,375$175,696$141,378
7 years$188,834$176,157$164,304$153,229$142,888$110,320
8 years$163,562$150,999$139,343$128,540$118,539$87,702
9 years$143,916$131,472$120,016$109,487$99,827$70,687
10 years$128,208$115,886$104,632$94,379$85,058$57,574
11 years$115,365$103,166$92,117$82,138$73,153$47,278
12 years$104,670$92,597$81,751$72,046$63,393$39,074
13 years$95,628$83,680$73,039$63,606$55,280$32,461
14 years$87,883$76,063$65,626$56,462$48,458$27,080
15 years$81,178$69,485$59,252$50,355$42,666$22,669
16 years$75,316$63,751$53,720$45,087$37,708$19,030
17 years$70,150$58,712$48,883$40,510$33,435$16,012
18 years$65,562$54,253$44,624$36,508$29,729$13,499
19 years$61,463$50,281$40,851$32,988$26,498$11,398
20 years$57,778$46,724$37,491$29,877$23,668$9,638
21 years$54,448$43,521$34,485$27,115$21,180$8,159
22 years$51,425$40,625$31,783$24,654$18,985$6,913
23 years$48,669$37,996$29,346$22,453$17,042$5,862
24 years$46,146$35,600$27,140$20,478$15,318$4,974
25 years$43,829$33,409$25,137$18,702$13,784$4,223
26 years$41,693$31,399$23,313$17,100$12,416$3,588
27 years$39,719$29,550$21,649$15,652$11,194$3,049
28 years$37,889$27,845$20,125$14,341$10,101$2,592
29 years$36,189$26,268$18,728$13,151$9,121$2,204
30 years$34,605$24,808$17,445$12,069$8,241$1,875
31 years$33,126$23,452$16,263$11,085$7,451$1,595
32 years$31,742$22,190$15,174$10,187$6,740$1,357
33 years$30,445$21,014$14,168$9,368$6,099$1,155
34 years$29,226$19,917$13,238$8,619$5,522$983
35 years$28,080$18,891$12,376$7,934$5,002$837
36 years$27,000$17,930$11,578$7,307$4,532$712
37 years$25,981$17,029$10,836$6,733$4,107$607
38 years$25,017$16,184$10,148$6,206$3,724$516
39 years$24,106$15,389$9,507$5,722$3,377$440
40 years$23,242$14,642$8,911$5,278$3,063$374
41 years$22,422$13,938$8,356$4,869$2,779$319
42 years$21,643$13,274$7,838$4,494$2,521$272
43 years$20,903$12,647$7,355$4,148$2,288$231
44 years$20,198$12,055$6,904$3,830$2,077$197
45 years$19,527$11,496$6,483$3,537$1,886$168
46 years$18,886$10,967$6,089$3,268$1,712$143
47 years$18,275$10,465$5,720$3,019$1,555$122
48 years$17,691$9,991$5,375$2,790$1,412$104
49 years$17,132$9,541$5,053$2,578$1,282$88
50 years$16,598$9,114$4,750$2,383$1,165$75

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 $3,365 every year, while hoping to spend $36,703 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: 39/37/24 Blend
52$17,000,000$17,000,000$17,000,000$17,000,000
53$18,737,471$17,836,471$17,572,971$19,334,431
54$20,609,641$18,671,406$18,122,614$20,602,253
55$22,671,543$19,546,023$18,689,440$21,968,559
56$24,942,490$20,462,228$19,273,985$23,445,247
57$27,443,764$21,422,017$19,876,804$25,042,378
58$30,198,818$22,427,487$20,498,467$26,770,984
59$33,233,495$23,480,831$21,139,564$28,643,172
60$36,576,273$24,584,353$21,800,700$30,672,224
61$40,258,533$25,740,466$22,482,503$32,872,719
62$44,314,854$26,951,700$23,185,618$35,260,663
63$48,783,344$28,220,708$23,910,711$37,853,627
64$53,705,994$29,550,271$24,658,469$40,670,907
65$59,129,076$30,943,306$25,429,598$43,733,700
66$65,103,582$32,402,868$26,224,831$47,065,287
67$71,685,704$33,932,165$27,044,918$50,691,249
68$78,937,361$35,534,556$27,890,638$54,639,696
69$86,926,787$37,213,565$28,762,791$58,941,519
70$95,729,177$38,972,887$29,662,201$63,630,675
71$105,427,390$40,816,395$30,589,722$68,744,489
72$116,112,736$42,748,151$31,546,230$74,323,999
73$127,885,838$44,772,414$32,532,631$80,414,329
74$140,857,579$46,893,647$33,549,860$87,065,098
75$155,150,149$49,116,534$34,598,878$94,330,877
76$170,898,203$51,445,982$35,680,679$102,271,690
77$188,250,125$53,887,140$36,796,287$110,953,561
78$207,369,432$56,445,404$37,946,757$120,449,124
79$228,436,319$59,126,434$39,133,178$130,838,290
80$251,649,357$61,936,163$40,356,673$142,208,981
81$277,227,370$64,880,814$41,618,400$154,657,948
82$305,411,499$67,966,910$42,919,553$168,291,654
83$336,467,477$71,201,294$44,261,364$183,227,270
84$370,688,141$74,591,139$45,645,101$199,593,749
85$408,396,193$78,143,967$47,072,074$217,533,027
86$449,947,250$81,867,666$48,543,633$237,201,337
87$495,733,196$85,770,508$50,061,171$258,770,660
88$546,185,885$89,861,166$51,626,123$282,430,320
89$601,781,217$94,148,735$53,239,970$308,388,748
90$663,043,630$98,642,753$54,904,239$336,875,417
91$730,551,053$103,353,221$56,620,504$368,142,981
92$804,940,358$108,290,626$58,390,388$402,469,629
93$886,913,375$113,465,966$60,215,566$440,161,677
94$977,243,515$118,890,775$62,097,764$481,556,429
95$1,076,783,077$124,577,146$64,038,762$527,025,319
96$1,186,471,287$130,537,763$66,040,397$576,977,386
97$1,307,343,169$136,785,924$68,104,561$631,863,096
98$1,440,539,315$143,335,577$70,233,206$692,178,550
99$1,587,316,653$150,201,348$72,428,346$758,470,126
100$1,749,060,312$157,398,575$74,692,057$831,339,594