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%11.1%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,357,261
2 years$699,060$686,041$673,423$661,189$649,323$642,947
3 years$461,411$448,335$435,749$423,630$411,957$405,719
4 years$342,609$329,574$317,114$305,202$293,811$287,760
5 years$271,347$258,390$246,093$234,424$223,351$217,503
6 years$223,855$210,995$198,880$187,471$176,730$171,094
7 years$189,945$177,193$165,270$154,130$143,729$138,307
8 years$164,524$151,887$140,162$129,296$119,237$114,030
9 years$144,762$132,245$120,722$110,132$100,415$95,421
10 years$128,962$116,568$105,248$94,934$85,558$80,776
11 years$116,044$103,773$92,659$82,621$73,583$69,009
12 years$105,286$93,141$82,232$72,470$63,765$59,396
13 years$96,190$84,173$73,469$63,980$55,605$51,436
14 years$88,400$76,511$66,012$56,794$48,743$44,770
15 years$81,655$69,894$59,600$50,651$42,917$39,135
16 years$75,759$64,126$54,036$45,352$37,930$34,334
17 years$70,563$59,058$49,171$40,749$33,631$30,216
18 years$65,948$54,572$44,887$36,723$29,904$26,663
19 years$61,824$50,577$41,092$33,182$26,654$23,582
20 years$58,117$46,998$37,712$30,053$23,808$20,899
21 years$54,768$43,777$34,688$27,275$21,305$18,554
22 years$51,727$40,864$31,970$24,799$19,097$16,497
23 years$48,955$38,220$29,519$22,585$17,143$14,688
24 years$46,417$35,809$27,300$20,599$15,408$13,093
25 years$44,086$33,605$25,285$18,812$13,865$11,683
26 years$41,938$31,584$23,451$17,201$12,489$10,435
27 years$39,953$29,724$21,776$15,744$11,260$9,328
28 years$38,112$28,009$20,244$14,425$10,160$8,345
29 years$36,402$26,423$18,838$13,228$9,174$7,470
30 years$34,808$24,954$17,547$12,140$8,290$6,690
31 years$33,320$23,589$16,359$11,150$7,495$5,995
32 years$31,928$22,320$15,263$10,247$6,779$5,375
33 years$30,624$21,138$14,251$9,423$6,135$4,821
34 years$29,398$20,034$13,315$8,670$5,555$4,325
35 years$28,245$19,002$12,449$7,981$5,031$3,882
36 years$27,159$18,035$11,646$7,350$4,559$3,485
37 years$26,133$17,130$10,900$6,772$4,132$3,130
38 years$25,164$16,279$10,208$6,242$3,746$2,811
39 years$24,247$15,480$9,563$5,756$3,397$2,526
40 years$23,378$14,728$8,964$5,309$3,081$2,269
41 years$22,554$14,020$8,405$4,898$2,795$2,040
42 years$21,771$13,352$7,884$4,520$2,536$1,833
43 years$21,026$12,722$7,398$4,173$2,302$1,648
44 years$20,317$12,126$6,945$3,853$2,089$1,482
45 years$19,642$11,564$6,521$3,558$1,897$1,333
46 years$18,998$11,031$6,125$3,287$1,722$1,198
47 years$18,383$10,527$5,754$3,037$1,564$1,078
48 years$17,795$10,049$5,407$2,806$1,420$969
49 years$17,233$9,597$5,082$2,593$1,290$872
50 years$16,696$9,167$4,778$2,397$1,172$784

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 $2,616 every year, while hoping to spend $32,037 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: 66/18/16 Blend
52$17,100,000$17,100,000$17,100,000$17,100,000
53$18,846,898$17,940,598$17,675,548$20,017,879
54$20,735,195$18,785,601$18,233,592$21,646,104
55$22,815,024$19,670,934$18,809,257$23,421,253
56$25,105,888$20,598,542$19,403,098$25,360,883
57$27,629,278$21,570,459$20,015,691$27,481,104
58$30,408,875$22,588,822$20,647,628$29,799,641
59$33,470,775$23,655,870$21,299,518$32,335,998
60$36,843,735$24,773,949$21,971,993$35,111,638
61$40,559,444$25,945,520$22,665,703$38,150,180
62$44,652,821$27,173,164$23,381,318$41,477,622
63$49,162,347$28,459,587$24,119,530$45,122,575
64$54,130,424$29,807,625$24,881,052$49,116,535
65$59,603,782$31,220,253$25,666,621$53,494,171
66$65,633,911$32,700,589$26,476,997$58,293,648
67$72,277,556$34,251,904$27,312,962$63,556,986
68$79,597,246$35,877,626$28,175,325$69,330,442
69$87,661,886$37,581,351$29,064,920$75,664,953
70$96,547,410$39,366,849$29,982,607$82,616,598
71$106,337,494$41,238,072$30,929,272$90,247,130
72$117,124,347$43,199,167$31,905,831$98,624,550
73$129,009,583$45,254,478$32,913,229$107,823,740
74$142,105,177$47,408,564$33,952,439$117,927,163
75$156,534,525$49,666,204$35,024,466$129,025,637
76$172,433,607$52,032,408$36,130,346$141,219,181
77$189,952,271$54,512,433$37,271,149$154,617,950
78$209,255,648$57,111,787$38,447,977$169,343,271
79$230,525,709$59,836,249$39,661,969$185,528,775
80$253,962,984$62,691,879$40,914,299$203,321,649
81$279,788,457$65,685,029$42,206,176$222,884,019
82$308,245,648$68,822,363$43,538,851$244,394,468
83$339,602,913$72,110,868$44,913,611$268,049,708
84$374,155,979$75,557,870$46,331,786$294,066,432
85$412,230,736$79,171,053$47,794,748$322,683,342
86$454,186,309$82,958,473$49,303,911$354,163,395
87$500,418,455$86,928,580$50,860,733$388,796,267
88$551,363,291$91,090,234$52,466,722$426,901,078
89$607,501,418$95,452,727$54,123,429$468,829,391
90$669,362,455$100,025,803$55,832,456$514,968,513
91$737,530,038$104,819,680$57,595,456$565,745,136
92$812,647,333$109,845,075$59,414,134$621,629,354
93$895,423,102$115,113,224$61,290,249$683,139,077
94$986,638,400$120,635,914$63,225,614$750,844,907
95$1,087,153,946$126,425,503$65,222,101$825,375,506
96$1,197,918,248$132,494,953$67,281,641$907,423,510
97$1,319,976,559$138,857,855$69,406,226$997,752,047
98$1,454,480,744$145,528,465$71,597,910$1,097,201,924
99$1,602,700,152$152,521,733$73,858,812$1,206,699,538
100$1,766,033,604$159,853,335$76,191,119$1,327,265,601