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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,314,674
2 years$699,060$686,041$673,423$661,189$649,323$600,582
3 years$461,411$448,335$435,749$423,630$411,957$364,911
4 years$342,609$329,574$317,114$305,202$293,811$248,820
5 years$271,347$258,390$246,093$234,424$223,351$180,532
6 years$223,855$210,995$198,880$187,471$176,730$136,115
7 years$189,945$177,193$165,270$154,130$143,729$105,308
8 years$164,524$151,887$140,162$129,296$119,237$82,979
9 years$144,762$132,245$120,722$110,132$100,415$66,271
10 years$128,962$116,568$105,248$94,934$85,558$53,470
11 years$116,044$103,773$92,659$82,621$73,583$43,483
12 years$105,286$93,141$82,232$72,470$63,765$35,581
13 years$96,190$84,173$73,469$63,980$55,605$29,259
14 years$88,400$76,511$66,012$56,794$48,743$24,156
15 years$81,655$69,894$59,600$50,651$42,917$20,007
16 years$75,759$64,126$54,036$45,352$37,930$16,614
17 years$70,563$59,058$49,171$40,749$33,631$13,826
18 years$65,948$54,572$44,887$36,723$29,904$11,527
19 years$61,824$50,577$41,092$33,182$26,654$9,623
20 years$58,117$46,998$37,712$30,053$23,808$8,044
21 years$54,768$43,777$34,688$27,275$21,305$6,731
22 years$51,727$40,864$31,970$24,799$19,097$5,637
23 years$48,955$38,220$29,519$22,585$17,143$4,724
24 years$46,417$35,809$27,300$20,599$15,408$3,961
25 years$44,086$33,605$25,285$18,812$13,865$3,323
26 years$41,938$31,584$23,451$17,201$12,489$2,789
27 years$39,953$29,724$21,776$15,744$11,260$2,341
28 years$38,112$28,009$20,244$14,425$10,160$1,966
29 years$36,402$26,423$18,838$13,228$9,174$1,652
30 years$34,808$24,954$17,547$12,140$8,290$1,388
31 years$33,320$23,589$16,359$11,150$7,495$1,166
32 years$31,928$22,320$15,263$10,247$6,779$980
33 years$30,624$21,138$14,251$9,423$6,135$824
34 years$29,398$20,034$13,315$8,670$5,555$692
35 years$28,245$19,002$12,449$7,981$5,031$582
36 years$27,159$18,035$11,646$7,350$4,559$489
37 years$26,133$17,130$10,900$6,772$4,132$411
38 years$25,164$16,279$10,208$6,242$3,746$346
39 years$24,247$15,480$9,563$5,756$3,397$291
40 years$23,378$14,728$8,964$5,309$3,081$245
41 years$22,554$14,020$8,405$4,898$2,795$206
42 years$21,771$13,352$7,884$4,520$2,536$173
43 years$21,026$12,722$7,398$4,173$2,302$145
44 years$20,317$12,126$6,945$3,853$2,089$122
45 years$19,642$11,564$6,521$3,558$1,897$103
46 years$18,998$11,031$6,125$3,287$1,722$87
47 years$18,383$10,527$5,754$3,037$1,564$73
48 years$17,795$10,049$5,407$2,806$1,420$61
49 years$17,233$9,597$5,082$2,593$1,290$51
50 years$16,696$9,167$4,778$2,397$1,172$43

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 $2,696 every year, while hoping to spend $47,173 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: 65/5/30 Blend
52$17,100,000$17,100,000$17,100,000$17,100,000
53$18,846,981$17,940,681$17,675,631$19,921,191
54$20,719,181$18,769,583$18,217,573$21,477,928
55$22,780,765$19,637,519$18,776,089$23,173,456
56$25,050,999$20,546,354$19,351,684$25,025,885
57$27,551,116$21,498,040$19,944,880$27,050,687
58$30,304,508$22,494,623$20,556,212$29,264,893
59$33,336,957$23,538,248$21,186,235$31,687,254
60$36,676,870$24,631,165$21,835,516$34,338,412
61$40,355,549$25,775,731$22,504,645$37,241,096
62$44,407,489$26,974,416$23,194,224$40,420,331
63$48,870,701$28,229,810$23,904,879$43,903,673
64$53,787,070$29,544,629$24,637,250$47,721,467
65$59,202,753$30,921,717$25,391,999$51,907,129
66$65,168,612$32,364,059$26,169,809$56,497,460
67$71,740,695$33,874,782$26,971,382$61,532,988
68$78,980,763$35,457,165$27,797,441$67,058,351
69$86,956,878$37,114,643$28,648,733$73,122,713
70$95,744,040$38,850,820$29,526,025$79,780,222
71$105,424,895$40,669,473$30,430,110$87,090,522
72$116,090,518$42,574,562$31,361,803$95,119,313
73$127,841,272$44,570,236$32,321,944$103,938,960
74$140,787,753$46,660,849$33,311,400$113,629,183
75$155,051,835$48,850,961$34,331,063$124,277,794
76$170,767,820$51,145,357$35,381,853$135,981,532
77$188,083,709$53,549,050$36,464,715$148,846,965
78$207,162,591$56,067,298$37,580,627$162,991,493
79$228,184,192$58,705,612$38,730,594$178,544,454
80$251,346,562$61,469,770$39,915,652$195,648,338
81$276,867,953$64,365,830$41,136,869$214,460,126
82$304,988,874$67,400,145$42,395,343$235,152,769
83$335,974,360$70,579,374$43,692,208$257,916,814
84$370,116,480$73,910,498$45,028,632$282,962,196
85$407,737,087$77,400,838$46,405,818$310,520,218
86$449,190,861$81,058,071$47,825,004$340,845,722
87$494,868,655$84,890,242$49,287,467$374,219,496
88$545,201,183$88,905,789$50,794,523$410,950,911
89$600,663,091$93,113,561$52,347,527$451,380,840
90$661,777,433$97,522,831$53,947,875$495,884,866
91$729,120,609$102,143,328$55,597,007$544,876,822
92$803,327,808$106,985,247$57,296,403$598,812,687
93$885,099,003$112,059,283$59,047,592$658,194,888
94$975,205,561$117,376,648$60,852,145$723,577,031
95$1,074,497,520$122,949,096$62,711,685$795,569,118
96$1,183,911,622$128,788,956$64,627,880$874,843,300
97$1,304,480,145$134,909,153$66,602,452$962,140,211
98$1,437,340,658$141,323,239$68,637,172$1,058,275,954
99$1,583,746,754$148,045,428$70,733,867$1,164,149,787
100$1,745,079,890$155,090,620$72,894,418$1,280,752,614