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

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,351,614
2 years$703,148$690,053$677,361$665,056$653,120$633,074
3 years$464,109$450,957$438,298$426,108$414,366$394,836
4 years$344,613$331,501$318,968$306,987$295,529$276,666
5 years$272,934$259,901$247,533$235,795$224,657$206,515
6 years$225,164$212,229$200,043$188,567$177,763$160,363
7 years$191,055$178,229$166,237$155,032$144,569$127,918
8 years$165,486$152,776$140,982$130,052$119,934$104,028
9 years$145,609$133,019$121,428$110,776$101,002$85,834
10 years$129,717$117,249$105,863$95,490$86,059$71,618
11 years$116,722$104,380$93,200$83,105$74,013$60,285
12 years$105,901$93,686$82,713$72,894$64,138$51,106
13 years$96,753$84,665$73,899$64,354$55,930$43,576
14 years$88,917$76,958$66,398$57,127$49,028$37,332
15 years$82,133$70,302$59,949$50,947$43,168$32,111
16 years$76,202$64,501$54,352$45,617$38,152$27,711
17 years$70,975$59,403$49,458$40,987$33,828$23,982
18 years$66,334$54,891$45,149$36,937$30,078$20,804
19 years$62,186$50,873$41,332$33,376$26,810$18,084
20 years$58,457$47,273$37,932$30,229$23,947$15,748
21 years$55,088$44,033$34,890$27,434$21,430$13,734
22 years$52,030$41,103$32,157$24,944$19,209$11,993
23 years$49,241$38,443$29,691$22,717$17,243$10,484
24 years$46,689$36,019$27,459$20,719$15,498$9,175
25 years$44,344$33,802$25,433$18,922$13,946$8,035
26 years$42,184$31,768$23,588$17,301$12,562$7,043
27 years$40,186$29,898$21,903$15,836$11,326$6,177
28 years$38,335$28,172$20,362$14,509$10,219$5,420
29 years$36,615$26,577$18,949$13,305$9,228$4,759
30 years$35,012$25,100$17,650$12,211$8,338$4,180
31 years$33,515$23,727$16,454$11,215$7,538$3,673
32 years$32,115$22,451$15,352$10,307$6,819$3,228
33 years$30,803$21,261$14,334$9,478$6,171$2,838
34 years$29,570$20,151$13,393$8,721$5,587$2,496
35 years$28,410$19,113$12,522$8,028$5,061$2,195
36 years$27,318$18,141$11,714$7,393$4,585$1,932
37 years$26,286$17,230$10,964$6,812$4,156$1,700
38 years$25,312$16,374$10,267$6,279$3,768$1,496
39 years$24,389$15,570$9,619$5,789$3,417$1,317
40 years$23,515$14,814$9,016$5,340$3,099$1,159
41 years$22,686$14,102$8,454$4,927$2,811$1,020
42 years$21,898$13,430$7,930$4,547$2,551$898
43 years$21,149$12,796$7,442$4,197$2,315$791
44 years$20,436$12,197$6,985$3,875$2,102$697
45 years$19,757$11,631$6,559$3,579$1,908$614
46 years$19,109$11,096$6,160$3,306$1,732$540
47 years$18,490$10,589$5,788$3,054$1,573$476
48 years$17,899$10,108$5,439$2,822$1,428$419
49 years$17,334$9,653$5,112$2,608$1,297$369
50 years$16,793$9,221$4,806$2,411$1,178$325

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 $4,658 every year, while hoping to spend $47,314 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: 46/28/26 Blend
52$17,200,000$17,200,000$17,200,000$17,200,000
53$18,959,205$18,047,605$17,781,005$19,689,343
54$20,842,702$18,881,596$18,326,327$21,039,443
55$22,916,730$19,754,866$18,888,331$22,498,433
56$25,200,673$20,669,292$19,467,527$24,080,543
57$27,715,891$21,626,836$20,064,439$25,797,321
58$30,485,922$22,629,561$20,679,607$27,661,447
59$33,536,699$23,679,623$21,313,587$29,686,853
60$36,896,805$24,779,287$21,966,955$31,888,846
61$40,597,731$25,930,924$22,640,300$34,284,245
62$44,674,182$27,137,021$23,334,232$36,891,538
63$49,164,398$28,400,184$24,049,378$39,731,042
64$54,110,519$29,723,147$24,786,385$42,825,097
65$59,558,983$31,108,772$25,545,920$46,198,263
66$65,560,960$32,560,062$26,328,669$49,877,545
67$72,172,837$34,080,164$27,135,339$53,892,642
68$79,456,753$35,672,379$27,966,659$58,276,219
69$87,481,180$37,340,164$28,823,380$63,064,202
70$96,321,574$39,087,145$29,706,277$68,296,116
71$106,061,083$40,917,124$30,616,146$74,015,441
72$116,791,335$42,834,085$31,553,808$80,270,016
73$128,613,302$44,842,206$32,520,112$87,112,480
74$141,638,251$46,945,866$33,515,927$94,600,758
75$155,988,796$49,149,656$34,542,154$102,798,596
76$171,800,055$51,458,391$35,599,718$111,776,150
77$189,220,925$53,877,117$36,689,573$121,610,638
78$208,415,488$56,411,124$37,812,702$132,387,055
79$229,564,558$59,065,960$38,970,118$144,198,961
80$252,867,390$61,847,439$40,162,864$157,149,350
81$278,543,559$64,761,658$41,392,015$171,351,609
82$306,835,034$67,815,011$42,658,680$186,930,574
83$338,008,460$71,014,199$43,963,998$204,023,687
84$372,357,677$74,366,250$45,309,147$222,782,282
85$410,206,494$77,878,530$46,695,337$243,372,993
86$451,911,743$81,558,764$48,123,817$265,979,310
87$497,866,649$85,415,052$49,595,873$290,803,293
88$548,504,542$89,455,885$51,112,830$318,067,455
89$604,302,949$93,690,166$52,676,053$348,016,846
90$665,788,098$98,127,233$54,286,949$380,921,342
91$733,539,889$102,776,872$55,946,967$417,078,171
92$808,197,367$107,649,348$57,657,599$456,814,694
93$890,464,754$112,755,422$59,420,385$500,491,470
94$981,118,100$118,106,378$61,236,908$548,505,633
95$1,081,012,603$123,714,048$63,108,803$601,294,617
96$1,191,090,691$129,590,839$65,037,750$659,340,252
97$1,312,390,910$135,749,759$67,025,483$723,173,285
98$1,446,057,734$142,204,448$69,073,787$793,378,360
99$1,593,352,367$148,969,209$71,184,503$870,599,502
100$1,755,664,649$156,059,042$73,359,525$955,546,164