Can I retire at age 53 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,364,052
2 years$703,148$690,053$677,361$665,056$653,120$645,552
3 years$464,109$450,957$438,298$426,108$414,366$406,965
4 years$344,613$331,501$318,968$306,987$295,529$288,351
5 years$272,934$259,901$247,533$235,795$224,657$217,723
6 years$225,164$212,229$200,043$188,567$177,763$171,083
7 years$191,055$178,229$166,237$155,032$144,569$138,146
8 years$165,486$152,776$140,982$130,052$119,934$113,768
9 years$145,609$133,019$121,428$110,776$101,002$95,092
10 years$129,717$117,249$105,863$95,490$86,059$80,402
11 years$116,722$104,380$93,200$83,105$74,013$68,605
12 years$105,901$93,686$82,713$72,894$64,138$58,975
13 years$96,753$84,665$73,899$64,354$55,930$51,006
14 years$88,917$76,958$66,398$57,127$49,028$44,338
15 years$82,133$70,302$59,949$50,947$43,168$38,706
16 years$76,202$64,501$54,352$45,617$38,152$33,912
17 years$70,975$59,403$49,458$40,987$33,828$29,803
18 years$66,334$54,891$45,149$36,937$30,078$26,262
19 years$62,186$50,873$41,332$33,376$26,810$23,194
20 years$58,457$47,273$37,932$30,229$23,947$20,526
21 years$55,088$44,033$34,890$27,434$21,430$18,196
22 years$52,030$41,103$32,157$24,944$19,209$16,155
23 years$49,241$38,443$29,691$22,717$17,243$14,362
24 years$46,689$36,019$27,459$20,719$15,498$12,783
25 years$44,344$33,802$25,433$18,922$13,946$11,389
26 years$42,184$31,768$23,588$17,301$12,562$10,157
27 years$40,186$29,898$21,903$15,836$11,326$9,065
28 years$38,335$28,172$20,362$14,509$10,219$8,096
29 years$36,615$26,577$18,949$13,305$9,228$7,236
30 years$35,012$25,100$17,650$12,211$8,338$6,470
31 years$33,515$23,727$16,454$11,215$7,538$5,789
32 years$32,115$22,451$15,352$10,307$6,819$5,181
33 years$30,803$21,261$14,334$9,478$6,171$4,639
34 years$29,570$20,151$13,393$8,721$5,587$4,156
35 years$28,410$19,113$12,522$8,028$5,061$3,723
36 years$27,318$18,141$11,714$7,393$4,585$3,337
37 years$26,286$17,230$10,964$6,812$4,156$2,992
38 years$25,312$16,374$10,267$6,279$3,768$2,683
39 years$24,389$15,570$9,619$5,789$3,417$2,406
40 years$23,515$14,814$9,016$5,340$3,099$2,158
41 years$22,686$14,102$8,454$4,927$2,811$1,937
42 years$21,898$13,430$7,930$4,547$2,551$1,738
43 years$21,149$12,796$7,442$4,197$2,315$1,560
44 years$20,436$12,197$6,985$3,875$2,102$1,400
45 years$19,757$11,631$6,559$3,579$1,908$1,256
46 years$19,109$11,096$6,160$3,306$1,732$1,128
47 years$18,490$10,589$5,788$3,054$1,573$1,013
48 years$17,899$10,108$5,439$2,822$1,428$909
49 years$17,334$9,653$5,112$2,608$1,297$816
50 years$16,793$9,221$4,806$2,411$1,178$733

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,200,000, adding $6,313 every year, while hoping to spend $51,380 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: 54/31/15 Blend
52$17,200,000$17,200,000$17,200,000$17,200,000
53$18,960,912$18,049,312$17,782,712$19,908,990
54$20,840,257$18,879,060$18,323,765$21,385,660
55$22,909,573$19,747,744$18,881,221$22,986,105
56$25,188,183$20,657,217$19,455,576$24,726,985
57$27,697,380$21,609,423$20,047,339$26,621,681
58$30,460,624$22,606,396$20,657,036$28,684,899
59$33,503,770$23,650,271$21,285,209$30,932,801
60$36,855,305$24,743,286$21,932,415$33,383,155
61$40,546,623$25,887,784$22,599,228$36,055,493
62$44,612,316$27,086,223$23,286,239$38,971,291
63$49,090,503$28,341,178$23,994,059$42,154,165
64$54,023,188$29,655,349$24,723,313$45,630,087
65$59,456,659$31,031,567$25,474,650$49,427,622
66$65,441,922$32,472,798$26,248,734$53,578,190
67$72,035,183$33,982,150$27,046,252$58,116,358
68$79,298,380$35,562,883$27,867,909$63,080,151
69$87,299,764$37,218,414$28,714,434$68,511,409
70$96,114,547$38,952,324$29,586,575$74,456,171
71$105,825,610$40,768,366$30,485,104$80,965,096
72$116,524,284$42,670,478$31,410,817$88,093,939
73$128,311,213$44,662,783$32,364,531$95,904,058
74$141,297,304$46,749,607$33,347,090$104,462,991
75$155,604,775$48,935,484$34,359,364$113,845,075
76$171,368,304$51,225,165$35,402,245$124,132,139
77$188,736,307$53,623,634$36,476,656$135,414,265
78$207,872,332$56,136,114$37,583,546$147,790,624
79$228,956,607$58,768,080$38,723,891$161,370,398
80$252,187,738$61,525,273$39,898,699$176,273,798
81$277,784,588$64,413,712$41,109,005$192,633,181
82$305,988,338$67,439,706$42,355,879$210,594,287
83$337,064,766$70,609,870$43,640,419$230,317,599
84$371,306,758$73,931,138$44,963,759$251,979,836
85$409,037,066$77,410,783$46,327,063$275,775,608
86$450,611,361$81,056,426$47,731,535$301,919,234
87$496,421,589$84,876,060$49,178,411$330,646,743
88$546,899,669$88,878,064$50,668,964$362,218,084
89$602,521,569$93,071,223$52,204,509$396,919,558
90$663,811,804$97,464,749$53,786,395$435,066,497
91$731,348,384$102,068,297$55,416,015$477,006,221
92$805,768,270$106,891,994$57,094,802$523,121,287
93$887,773,388$111,946,457$58,824,233$573,833,080
94$978,137,256$117,242,816$60,605,827$629,605,760
95$1,077,712,285$122,792,742$62,441,151$690,950,618
96$1,187,437,825$128,608,474$64,331,816$758,430,873
97$1,308,349,035$134,702,841$66,279,484$832,666,957
98$1,441,586,653$141,089,297$68,285,864$914,342,342
99$1,588,407,769$147,781,950$70,352,717$1,004,209,957
100$1,750,197,685$154,795,589$72,481,857$1,103,099,259