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%18.8%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,322,888
2 years$703,148$690,053$677,361$665,056$653,120$604,611
3 years$464,109$450,957$438,298$426,108$414,366$367,536
4 years$344,613$331,501$318,968$306,987$295,529$250,736
5 years$272,934$259,901$247,533$235,795$224,657$182,018
6 years$225,164$212,229$200,043$188,567$177,763$137,311
7 years$191,055$178,229$166,237$155,032$144,569$106,294
8 years$165,486$152,776$140,982$130,052$119,934$83,805
9 years$145,609$133,019$121,428$110,776$101,002$66,972
10 years$129,717$117,249$105,863$95,490$86,059$54,069
11 years$116,722$104,380$93,200$83,105$74,013$43,999
12 years$105,901$93,686$82,713$72,894$64,138$36,028
13 years$96,753$84,665$73,899$64,354$55,930$29,647
14 years$88,917$76,958$66,398$57,127$49,028$24,493
15 years$82,133$70,302$59,949$50,947$43,168$20,301
16 years$76,202$64,501$54,352$45,617$38,152$16,870
17 years$70,975$59,403$49,458$40,987$33,828$14,050
18 years$66,334$54,891$45,149$36,937$30,078$11,722
19 years$62,186$50,873$41,332$33,376$26,810$9,794
20 years$58,457$47,273$37,932$30,229$23,947$8,193
21 years$55,088$44,033$34,890$27,434$21,430$6,860
22 years$52,030$41,103$32,157$24,944$19,209$5,750
23 years$49,241$38,443$29,691$22,717$17,243$4,822
24 years$46,689$36,019$27,459$20,719$15,498$4,047
25 years$44,344$33,802$25,433$18,922$13,946$3,398
26 years$42,184$31,768$23,588$17,301$12,562$2,854
27 years$40,186$29,898$21,903$15,836$11,326$2,398
28 years$38,335$28,172$20,362$14,509$10,219$2,015
29 years$36,615$26,577$18,949$13,305$9,228$1,694
30 years$35,012$25,100$17,650$12,211$8,338$1,425
31 years$33,515$23,727$16,454$11,215$7,538$1,198
32 years$32,115$22,451$15,352$10,307$6,819$1,008
33 years$30,803$21,261$14,334$9,478$6,171$848
34 years$29,570$20,151$13,393$8,721$5,587$713
35 years$28,410$19,113$12,522$8,028$5,061$600
36 years$27,318$18,141$11,714$7,393$4,585$505
37 years$26,286$17,230$10,964$6,812$4,156$425
38 years$25,312$16,374$10,267$6,279$3,768$358
39 years$24,389$15,570$9,619$5,789$3,417$301
40 years$23,515$14,814$9,016$5,340$3,099$253
41 years$22,686$14,102$8,454$4,927$2,811$213
42 years$21,898$13,430$7,930$4,547$2,551$179
43 years$21,149$12,796$7,442$4,197$2,315$151
44 years$20,436$12,197$6,985$3,875$2,102$127
45 years$19,757$11,631$6,559$3,579$1,908$107
46 years$19,109$11,096$6,160$3,306$1,732$90
47 years$18,490$10,589$5,788$3,054$1,573$76
48 years$17,899$10,108$5,439$2,822$1,428$64
49 years$17,334$9,653$5,112$2,608$1,297$54
50 years$16,793$9,221$4,806$2,411$1,178$45

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 $2,088 every year, while hoping to spend $45,523 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: 54/16/30 Blend
52$17,200,000$17,200,000$17,200,000$17,200,000
53$18,956,554$18,044,954$17,778,354$19,821,352
54$20,841,686$18,880,720$18,325,493$21,256,764
55$22,917,576$19,755,914$18,889,435$22,813,939
56$25,203,633$20,672,418$19,470,695$24,508,486
57$27,721,245$21,632,207$20,069,804$26,353,630
58$30,493,978$22,637,352$20,687,309$28,363,911
59$33,547,803$23,690,021$21,323,773$30,555,323
60$36,911,337$24,792,490$21,979,777$32,945,457
61$40,616,113$25,947,142$22,655,920$35,553,664
62$44,696,881$27,156,476$23,352,817$38,401,233
63$49,191,931$28,423,112$24,071,105$41,511,588
64$54,143,460$29,749,796$24,811,439$44,910,502
65$59,597,964$31,139,407$25,574,493$48,626,337
66$65,606,681$32,594,963$26,360,964$52,690,307
67$72,226,074$34,119,628$27,171,567$57,136,765
68$79,518,362$35,716,718$28,007,043$62,003,521
69$87,552,108$37,389,710$28,868,152$67,332,195
70$96,402,866$39,142,249$29,755,678$73,168,606
71$106,153,895$40,978,156$30,670,430$79,563,189
72$116,896,945$42,901,438$31,613,242$86,571,474
73$128,733,119$44,916,294$32,584,972$94,254,597
74$141,773,833$47,027,128$33,586,503$102,679,873
75$156,141,862$49,238,556$34,618,750$111,921,421
76$171,972,504$51,555,417$35,682,650$122,060,857
77$189,414,853$53,982,786$36,779,172$133,188,056
78$208,633,207$56,525,982$37,909,314$145,401,993
79$229,808,623$59,190,583$39,074,104$158,811,663
80$253,140,617$61,982,437$40,274,602$173,537,107
81$278,849,058$64,907,674$41,511,899$189,710,531
82$307,176,235$67,972,723$42,787,120$207,477,545
83$338,389,148$71,184,323$44,101,426$226,998,526
84$372,782,027$74,549,542$45,456,010$248,450,121
85$410,679,112$78,075,787$46,852,104$272,026,905
86$452,437,708$81,770,828$48,290,977$297,943,200
87$498,451,566$85,642,810$49,773,936$326,435,091
88$549,154,591$89,700,273$51,302,328$357,762,640
89$605,024,945$93,952,172$52,877,541$392,212,323
90$666,589,557$98,407,896$54,501,007$430,099,727
91$734,429,100$103,077,292$56,174,199$471,772,507
92$809,183,470$107,970,680$57,898,636$517,613,656
93$891,557,828$113,098,887$59,675,884$568,045,105
94$982,329,256$118,473,262$61,507,556$623,531,684
95$1,082,354,094$124,105,706$63,395,313$684,585,498
96$1,192,576,024$130,008,698$65,340,869$751,770,739
97$1,314,034,978$136,195,324$67,345,987$825,708,993
98$1,447,876,956$142,679,305$69,412,488$907,085,090
99$1,595,364,843$149,475,029$71,542,244$996,653,543
100$1,757,890,335$156,597,583$73,737,187$1,095,245,653