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%15.1%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,342,762
2 years$703,148$690,053$677,361$665,056$653,120$624,250
3 years$464,109$450,957$438,298$426,108$414,366$386,317
4 years$344,613$331,501$318,968$306,987$295,529$268,518
5 years$272,934$259,901$247,533$235,795$224,657$198,759
6 years$225,164$212,229$200,043$188,567$177,763$153,006
7 years$191,055$178,229$166,237$155,032$144,569$120,958
8 years$165,486$152,776$140,982$130,052$119,934$97,462
9 years$145,609$133,019$121,428$110,776$101,002$79,653
10 years$129,717$117,249$105,863$95,490$86,059$65,812
11 years$116,722$104,380$93,200$83,105$74,013$54,842
12 years$105,901$93,686$82,713$72,894$64,138$46,015
13 years$96,753$84,665$73,899$64,354$55,930$38,822
14 years$88,917$76,958$66,398$57,127$49,028$32,903
15 years$82,133$70,302$59,949$50,947$43,168$27,990
16 years$76,202$64,501$54,352$45,617$38,152$23,886
17 years$70,975$59,403$49,458$40,987$33,828$20,436
18 years$66,334$54,891$45,149$36,937$30,078$17,523
19 years$62,186$50,873$41,332$33,376$26,810$15,054
20 years$58,457$47,273$37,932$30,229$23,947$12,953
21 years$55,088$44,033$34,890$27,434$21,430$11,160
22 years$52,030$41,103$32,157$24,944$19,209$9,626
23 years$49,241$38,443$29,691$22,717$17,243$8,312
24 years$46,689$36,019$27,459$20,719$15,498$7,183
25 years$44,344$33,802$25,433$18,922$13,946$6,212
26 years$42,184$31,768$23,588$17,301$12,562$5,375
27 years$40,186$29,898$21,903$15,836$11,326$4,654
28 years$38,335$28,172$20,362$14,509$10,219$4,031
29 years$36,615$26,577$18,949$13,305$9,228$3,493
30 years$35,012$25,100$17,650$12,211$8,338$3,028
31 years$33,515$23,727$16,454$11,215$7,538$2,626
32 years$32,115$22,451$15,352$10,307$6,819$2,277
33 years$30,803$21,261$14,334$9,478$6,171$1,976
34 years$29,570$20,151$13,393$8,721$5,587$1,714
35 years$28,410$19,113$12,522$8,028$5,061$1,488
36 years$27,318$18,141$11,714$7,393$4,585$1,291
37 years$26,286$17,230$10,964$6,812$4,156$1,121
38 years$25,312$16,374$10,267$6,279$3,768$973
39 years$24,389$15,570$9,619$5,789$3,417$845
40 years$23,515$14,814$9,016$5,340$3,099$734
41 years$22,686$14,102$8,454$4,927$2,811$637
42 years$21,898$13,430$7,930$4,547$2,551$553
43 years$21,149$12,796$7,442$4,197$2,315$481
44 years$20,436$12,197$6,985$3,875$2,102$417
45 years$19,757$11,631$6,559$3,579$1,908$363
46 years$19,109$11,096$6,160$3,306$1,732$315
47 years$18,490$10,589$5,788$3,054$1,573$274
48 years$17,899$10,108$5,439$2,822$1,428$238
49 years$17,334$9,653$5,112$2,608$1,297$206
50 years$16,793$9,221$4,806$2,411$1,178$179

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 $3,544 every year, while hoping to spend $21,407 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: 44/26/30 Blend
52$17,200,000$17,200,000$17,200,000$17,200,000
53$18,958,056$18,046,456$17,779,856$19,626,769
54$20,869,000$18,907,955$18,352,704$20,967,714
55$22,974,144$19,810,951$18,944,025$22,418,127
56$25,293,272$20,757,453$19,554,416$23,990,076
57$27,848,188$21,749,570$20,184,491$25,694,900
58$30,662,918$22,789,514$20,834,886$27,545,049
59$33,763,939$23,879,602$21,506,257$29,554,196
60$37,180,425$25,022,268$22,199,281$31,737,361
61$40,944,529$26,220,059$22,914,658$34,111,047
62$45,091,680$27,475,651$23,653,108$36,693,384
63$49,660,921$28,791,848$24,415,377$39,504,301
64$54,695,276$30,171,589$25,202,233$42,565,699
65$60,242,156$31,617,960$26,014,470$45,901,654
66$66,353,810$33,134,193$26,852,909$49,538,636
67$73,087,811$34,723,681$27,718,394$53,505,749
68$80,507,607$36,389,981$28,611,799$57,834,999
69$88,683,114$38,136,821$29,534,025$62,561,584
70$97,691,380$39,968,114$30,486,004$67,724,217
71$107,617,311$41,887,962$31,468,695$73,365,485
72$118,554,472$43,900,667$32,483,091$79,532,236
73$130,605,969$46,010,740$33,530,215$86,276,013
74$143,885,425$48,222,914$34,611,125$93,653,528
75$158,518,052$50,542,150$35,726,911$101,727,184
76$174,641,830$52,973,653$36,878,700$110,565,655
77$192,408,815$55,522,880$38,067,654$120,244,518
78$211,986,568$58,195,554$39,294,974$130,846,954
79$233,559,741$60,997,680$40,561,899$142,464,518
80$257,331,820$63,935,552$41,869,708$155,197,990
81$283,527,044$67,015,772$43,219,722$169,158,311
82$312,392,523$70,245,266$44,613,304$184,467,608
83$344,200,572$73,631,295$46,051,860$201,260,341
84$379,251,278$77,181,476$47,536,845$219,684,542
85$417,875,336$80,903,796$49,069,758$239,903,204
86$460,437,172$84,806,634$50,652,146$262,095,794
87$507,338,380$88,898,775$52,285,609$286,459,928
88$559,021,514$93,189,435$53,971,797$313,213,218
89$615,974,269$97,688,277$55,712,412$342,595,301
90$678,734,080$102,405,438$57,509,214$374,870,079
91$747,893,200$107,351,549$59,364,017$410,328,185
92$824,104,291$112,537,759$61,278,695$449,289,705
93$908,086,581$117,975,762$63,255,184$492,107,167
94$1,000,632,660$123,677,822$65,295,480$539,168,846
95$1,102,615,958$129,656,802$67,401,646$590,902,399
96$1,214,998,994$135,926,194$69,575,809$647,778,872
97$1,338,842,460$142,500,146$71,820,167$710,317,113
98$1,475,315,237$149,393,499$74,136,989$779,088,641
99$1,625,705,429$156,621,818$76,528,616$854,723,003
100$1,791,432,523$164,201,428$78,997,465$937,913,683