Can I retire at age 53 with 17,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,330,074
2 years$699,060$686,041$673,423$661,189$649,323$615,775
3 years$461,411$448,335$435,749$423,630$411,957$379,414
4 years$342,609$329,574$317,114$305,202$293,811$262,523
5 years$271,347$258,390$246,093$234,424$223,351$193,405
6 years$223,855$210,995$198,880$187,471$176,730$148,157
7 years$189,945$177,193$165,270$154,130$143,729$116,531
8 years$164,524$151,887$140,162$129,296$119,237$93,403
9 years$144,762$132,245$120,722$110,132$100,415$75,924
10 years$128,962$116,568$105,248$94,934$85,558$62,382
11 years$116,044$103,773$92,659$82,621$73,583$51,688
12 years$105,286$93,141$82,232$72,470$63,765$43,114
13 years$96,190$84,173$73,469$63,980$55,605$36,157
14 years$88,400$76,511$66,012$56,794$48,743$30,456
15 years$81,655$69,894$59,600$50,651$42,917$25,747
16 years$75,759$64,126$54,036$45,352$37,930$21,831
17 years$70,563$59,058$49,171$40,749$33,631$18,558
18 years$65,948$54,572$44,887$36,723$29,904$15,808
19 years$61,824$50,577$41,092$33,182$26,654$13,489
20 years$58,117$46,998$37,712$30,053$23,808$11,528
21 years$54,768$43,777$34,688$27,275$21,305$9,864
22 years$51,727$40,864$31,970$24,799$19,097$8,449
23 years$48,955$38,220$29,519$22,585$17,143$7,244
24 years$46,417$35,809$27,300$20,599$15,408$6,216
25 years$44,086$33,605$25,285$18,812$13,865$5,337
26 years$41,938$31,584$23,451$17,201$12,489$4,585
27 years$39,953$29,724$21,776$15,744$11,260$3,941
28 years$38,112$28,009$20,244$14,425$10,160$3,389
29 years$36,402$26,423$18,838$13,228$9,174$2,915
30 years$34,808$24,954$17,547$12,140$8,290$2,508
31 years$33,320$23,589$16,359$11,150$7,495$2,159
32 years$31,928$22,320$15,263$10,247$6,779$1,858
33 years$30,624$21,138$14,251$9,423$6,135$1,600
34 years$29,398$20,034$13,315$8,670$5,555$1,378
35 years$28,245$19,002$12,449$7,981$5,031$1,187
36 years$27,159$18,035$11,646$7,350$4,559$1,022
37 years$26,133$17,130$10,900$6,772$4,132$881
38 years$25,164$16,279$10,208$6,242$3,746$759
39 years$24,247$15,480$9,563$5,756$3,397$654
40 years$23,378$14,728$8,964$5,309$3,081$563
41 years$22,554$14,020$8,405$4,898$2,795$486
42 years$21,771$13,352$7,884$4,520$2,536$418
43 years$21,026$12,722$7,398$4,173$2,302$361
44 years$20,317$12,126$6,945$3,853$2,089$311
45 years$19,642$11,564$6,521$3,558$1,897$268
46 years$18,998$11,031$6,125$3,287$1,722$231
47 years$18,383$10,527$5,754$3,037$1,564$199
48 years$17,795$10,049$5,407$2,806$1,420$172
49 years$17,233$9,597$5,082$2,593$1,290$148
50 years$16,696$9,167$4,778$2,397$1,172$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,100,000, adding $4,672 every year, while hoping to spend $57,438 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: 26/45/29 Blend
52$17,100,000$17,100,000$17,100,000$17,100,000
53$18,849,019$17,942,719$17,677,669$19,168,463
54$20,710,506$18,760,799$18,208,757$20,251,009
55$22,759,938$19,617,039$18,755,712$21,406,443
56$25,016,428$20,513,250$19,319,004$22,644,972
57$27,501,031$21,451,326$19,899,118$23,973,668
58$30,236,950$22,433,256$20,496,553$25,400,266
59$33,249,755$23,461,121$21,111,823$26,933,231
60$36,567,617$24,537,103$21,745,456$28,581,823
61$40,221,582$25,663,489$22,397,997$30,356,179
62$44,245,860$26,842,677$23,070,007$32,267,402
63$48,678,147$28,077,177$23,762,062$34,327,650
64$53,559,983$29,369,624$24,474,755$36,550,246
65$58,937,140$30,722,775$25,208,699$38,949,791
66$64,860,060$32,139,522$25,964,522$41,542,291
67$71,384,325$33,622,897$26,742,872$44,345,296
68$78,571,184$35,176,077$27,544,416$47,378,056
69$86,488,130$36,802,391$28,369,840$50,661,686
70$95,209,540$38,505,328$29,219,850$54,219,355
71$104,817,372$40,288,548$30,095,173$58,076,492
72$115,401,941$42,155,883$30,996,558$62,261,007
73$127,062,771$44,111,354$31,924,775$66,803,545
74$139,909,536$46,159,173$32,880,618$71,737,755
75$154,063,091$48,303,755$33,864,901$77,100,595
76$169,656,617$50,549,729$34,878,466$82,932,660
77$186,836,874$52,901,948$35,922,176$89,278,550
78$205,765,588$55,365,496$36,996,922$96,187,269
79$226,620,979$57,945,706$38,103,620$103,712,674
80$249,599,439$60,648,167$39,243,211$111,913,956
81$274,917,391$63,478,736$40,416,668$120,856,179
82$302,813,326$66,443,555$41,624,988$130,610,876
83$333,550,059$69,549,064$42,869,199$141,256,696
84$367,417,207$72,802,009$44,150,359$152,880,123
85$404,733,923$76,209,468$45,469,556$165,576,267
86$445,851,909$79,778,858$46,827,912$179,449,736
87$491,158,735$83,517,954$48,226,579$194,615,593
88$541,081,501$87,434,909$49,666,745$211,200,413
89$596,090,863$91,538,268$51,149,629$229,343,452
90$656,705,480$95,836,993$52,676,491$249,197,920
91$723,496,909$100,340,475$54,248,623$270,932,403
92$797,094,999$105,058,563$55,867,357$294,732,414
93$878,193,838$110,001,582$57,534,063$320,802,106
94$967,558,305$115,180,355$59,250,150$349,366,167
95$1,066,031,293$120,606,233$61,017,070$380,671,893
96$1,174,541,659$126,291,113$62,836,317$414,991,487
97$1,294,113,001$132,247,470$64,709,426$452,624,578
98$1,425,873,314$138,488,384$66,637,979$493,901,008
99$1,571,065,645$145,027,567$68,623,603$539,183,896
100$1,731,059,820$151,879,397$70,667,974$588,873,016