Can I retire at age 53 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,343,452
2 years$707,237$694,065$681,300$668,923$656,917$620,819
3 years$466,808$453,579$440,846$428,585$416,775$381,782
4 years$346,617$333,429$320,823$308,772$297,248$263,629
5 years$274,521$261,412$248,972$237,166$225,963$193,812
6 years$226,473$213,463$201,206$189,664$178,797$148,144
7 years$192,166$179,266$167,203$155,933$145,410$116,258
8 years$166,448$153,664$141,802$130,808$120,631$92,966
9 years$146,455$133,792$122,134$111,420$101,589$75,386
10 years$130,471$117,931$106,479$96,045$86,559$61,786
11 years$117,401$104,987$93,742$83,588$74,444$51,063
12 years$106,517$94,231$83,194$73,318$64,511$42,482
13 years$97,315$85,157$74,328$64,729$56,255$35,531
14 years$89,434$77,405$66,784$57,459$49,313$29,847
15 years$82,611$70,711$60,297$51,243$43,419$25,161
16 years$76,646$64,876$54,668$45,883$38,374$21,274
17 years$71,388$59,749$49,746$41,225$34,025$18,031
18 years$66,719$55,210$45,412$37,152$30,253$15,314
19 years$62,547$51,168$41,572$33,570$26,965$13,029
20 years$58,797$47,548$38,153$30,404$24,086$11,101
21 years$55,409$44,289$35,093$27,594$21,554$9,470
22 years$52,332$41,342$32,344$25,089$19,320$8,086
23 years$49,527$38,667$29,864$22,849$17,343$6,911
24 years$46,960$36,228$27,619$20,840$15,588$5,911
25 years$44,602$33,998$25,581$19,032$14,027$5,059
26 years$42,429$31,953$23,725$17,402$12,635$4,333
27 years$40,420$30,071$22,031$15,928$11,392$3,712
28 years$38,558$28,336$20,480$14,594$10,279$3,181
29 years$36,827$26,732$19,059$13,383$9,282$2,728
30 years$35,215$25,246$17,752$12,282$8,386$2,339
31 years$33,710$23,865$16,550$11,280$7,582$2,007
32 years$32,302$22,581$15,442$10,367$6,859$1,722
33 years$30,982$21,385$14,418$9,533$6,207$1,477
34 years$29,742$20,268$13,471$8,771$5,620$1,268
35 years$28,576$19,224$12,595$8,074$5,090$1,089
36 years$27,476$18,246$11,782$7,436$4,612$935
37 years$26,439$17,330$11,028$6,852$4,180$802
38 years$25,459$16,470$10,327$6,315$3,789$689
39 years$24,531$15,661$9,675$5,823$3,436$592
40 years$23,652$14,900$9,069$5,371$3,117$508
41 years$22,818$14,184$8,503$4,955$2,828$436
42 years$22,025$13,508$7,977$4,573$2,566$375
43 years$21,272$12,870$7,485$4,222$2,329$322
44 years$20,555$12,268$7,026$3,898$2,114$276
45 years$19,872$11,699$6,597$3,600$1,919$237
46 years$19,220$11,160$6,196$3,325$1,742$204
47 years$18,598$10,650$5,821$3,072$1,582$175
48 years$18,003$10,167$5,470$2,839$1,437$151
49 years$17,435$9,709$5,142$2,624$1,305$129
50 years$16,891$9,274$4,834$2,425$1,185$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,300,000, adding $5,265 every year, while hoping to spend $51,037 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: 59/20/21 Blend
52$17,300,000$17,300,000$17,300,000$17,300,000
53$19,070,031$18,153,131$17,884,981$20,088,728
54$20,960,871$18,988,331$18,429,825$21,616,190
55$23,042,866$19,862,746$18,991,210$23,275,286
56$25,335,461$20,778,243$19,569,638$25,083,631
57$27,860,080$21,736,779$20,165,623$27,055,679
58$30,640,333$22,740,405$20,779,696$29,207,324
59$33,702,235$23,791,274$21,412,404$31,556,053
60$37,074,454$24,891,637$22,064,310$34,121,099
61$40,788,578$26,043,857$22,735,995$36,923,622
62$44,879,418$27,250,411$23,428,056$39,986,905
63$49,385,332$28,513,894$24,141,109$43,336,564
64$54,348,587$29,837,027$24,875,787$47,000,792
65$59,815,762$31,222,660$25,632,745$51,010,612
66$65,838,183$32,673,784$26,412,655$55,400,168
67$72,472,409$34,193,530$27,216,211$60,207,043
68$79,780,766$35,785,184$28,044,125$65,472,603
69$87,831,935$37,452,189$28,897,134$71,242,385
70$96,701,599$39,198,153$29,775,995$77,566,520
71$106,473,159$41,026,860$30,681,488$84,500,196
72$117,238,521$42,942,275$31,614,417$92,104,175
73$129,098,960$44,948,557$32,575,610$100,445,355
74$142,166,080$47,050,062$33,565,919$109,597,401
75$156,562,866$49,251,361$34,586,223$119,641,422
76$172,424,843$51,557,243$35,637,426$130,666,737
77$189,901,357$53,972,728$36,720,460$142,771,703
78$209,156,985$56,503,081$37,836,286$156,064,637
79$230,373,087$59,153,821$38,985,890$170,664,829
80$253,749,517$61,930,733$40,170,292$186,703,655
81$279,506,511$64,839,883$41,390,541$204,325,809
82$307,886,767$67,887,629$42,647,715$223,690,656
83$339,157,732$71,080,638$43,942,929$244,973,726
84$373,614,131$74,425,900$45,277,328$268,368,359
85$411,580,746$77,930,742$46,652,092$294,087,514
86$453,415,482$81,602,848$48,068,436$322,365,771
87$499,512,746$85,450,273$49,527,614$353,461,528
88$550,307,170$89,481,461$51,030,913$387,659,425
89$606,277,716$93,705,267$52,579,664$425,273,021
90$667,952,193$98,130,975$54,175,232$466,647,730
91$735,912,242$102,768,318$55,819,028$512,164,073
92$810,798,828$107,627,502$57,512,502$562,241,248
93$893,318,286$112,719,228$59,257,149$617,341,071
94$984,248,996$118,054,714$61,054,508$677,972,316
95$1,084,448,724$123,645,725$62,906,164$744,695,499
96$1,194,862,723$129,504,595$64,813,750$818,128,147
97$1,316,532,658$135,644,257$66,778,947$898,950,607
98$1,450,606,434$142,078,272$68,803,488$987,912,448
99$1,598,349,041$148,820,857$70,889,155$1,085,839,508
100$1,761,154,487$155,886,923$73,037,785$1,193,641,674