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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,373,136
2 years$707,237$694,065$681,300$668,923$656,917$650,467
3 years$466,808$453,579$440,846$428,585$416,775$410,465
4 years$346,617$333,429$320,823$308,772$297,248$291,125
5 years$274,521$261,412$248,972$237,166$225,963$220,047
6 years$226,473$213,463$201,206$189,664$178,797$173,095
7 years$192,166$179,266$167,203$155,933$145,410$139,924
8 years$166,448$153,664$141,802$130,808$120,631$115,363
9 years$146,455$133,792$122,134$111,420$101,589$96,537
10 years$130,471$117,931$106,479$96,045$86,559$81,721
11 years$117,401$104,987$93,742$83,588$74,444$69,816
12 years$106,517$94,231$83,194$73,318$64,511$60,091
13 years$97,315$85,157$74,328$64,729$56,255$52,037
14 years$89,434$77,405$66,784$57,459$49,313$45,293
15 years$82,611$70,711$60,297$51,243$43,419$39,593
16 years$76,646$64,876$54,668$45,883$38,374$34,735
17 years$71,388$59,749$49,746$41,225$34,025$30,569
18 years$66,719$55,210$45,412$37,152$30,253$26,974
19 years$62,547$51,168$41,572$33,570$26,965$23,858
20 years$58,797$47,548$38,153$30,404$24,086$21,143
21 years$55,409$44,289$35,093$27,594$21,554$18,771
22 years$52,332$41,342$32,344$25,089$19,320$16,690
23 years$49,527$38,667$29,864$22,849$17,343$14,860
24 years$46,960$36,228$27,619$20,840$15,588$13,246
25 years$44,602$33,998$25,581$19,032$14,027$11,820
26 years$42,429$31,953$23,725$17,402$12,635$10,557
27 years$40,420$30,071$22,031$15,928$11,392$9,437
28 years$38,558$28,336$20,480$14,594$10,279$8,442
29 years$36,827$26,732$19,059$13,383$9,282$7,557
30 years$35,215$25,246$17,752$12,282$8,386$6,768
31 years$33,710$23,865$16,550$11,280$7,582$6,065
32 years$32,302$22,581$15,442$10,367$6,859$5,438
33 years$30,982$21,385$14,418$9,533$6,207$4,877
34 years$29,742$20,268$13,471$8,771$5,620$4,376
35 years$28,576$19,224$12,595$8,074$5,090$3,927
36 years$27,476$18,246$11,782$7,436$4,612$3,526
37 years$26,439$17,330$11,028$6,852$4,180$3,166
38 years$25,459$16,470$10,327$6,315$3,789$2,844
39 years$24,531$15,661$9,675$5,823$3,436$2,555
40 years$23,652$14,900$9,069$5,371$3,117$2,296
41 years$22,818$14,184$8,503$4,955$2,828$2,063
42 years$22,025$13,508$7,977$4,573$2,566$1,855
43 years$21,272$12,870$7,485$4,222$2,329$1,667
44 years$20,555$12,268$7,026$3,898$2,114$1,499
45 years$19,872$11,699$6,597$3,600$1,919$1,348
46 years$19,220$11,160$6,196$3,325$1,742$1,212
47 years$18,598$10,650$5,821$3,072$1,582$1,090
48 years$18,003$10,167$5,470$2,839$1,437$981
49 years$17,435$9,709$5,142$2,624$1,305$882
50 years$16,891$9,274$4,834$2,425$1,185$794

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 $4,716 every year, while hoping to spend $25,164 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: 21/50/29 Blend
52$17,300,000$17,300,000$17,300,000$17,300,000
53$19,069,465$18,152,565$17,884,415$19,294,032
54$20,987,776$19,015,266$18,456,768$20,363,758
55$23,100,911$19,919,396$19,047,452$21,504,080
56$25,428,716$20,866,959$19,657,054$22,722,532
57$27,993,060$21,860,055$20,286,180$24,025,460
58$30,818,042$22,900,887$20,935,457$25,419,783
59$33,930,217$23,991,765$21,605,529$26,913,052
60$37,358,849$25,135,111$22,297,064$28,513,509
61$41,136,185$26,333,466$23,010,750$30,230,156
62$45,297,762$27,589,491$23,747,296$32,072,826
63$49,882,739$28,905,981$24,507,435$34,052,266
64$54,934,268$30,285,865$25,291,924$36,180,225
65$60,499,903$31,732,212$26,101,544$38,469,552
66$66,632,047$33,248,244$26,937,099$40,934,306
67$73,388,446$34,837,338$27,799,422$43,589,871
68$80,832,736$36,503,036$28,689,371$46,453,088
69$89,035,041$38,249,051$29,607,831$49,542,399
70$98,072,638$40,079,277$30,555,716$52,878,004
71$108,030,685$41,997,799$31,533,970$56,482,034
72$119,003,023$44,008,900$32,543,567$60,378,746
73$131,093,066$46,117,071$33,585,511$64,594,728
74$144,414,774$48,327,022$34,660,841$69,159,134
75$159,093,727$50,643,693$35,770,625$74,103,937
76$175,268,316$53,072,262$36,915,970$79,464,212
77$193,091,044$55,618,163$38,098,015$85,278,442
78$212,729,969$58,287,092$39,317,937$91,588,860
79$234,370,290$61,085,023$40,576,951$98,441,822
80$258,216,091$64,018,221$41,876,311$105,888,220
81$284,492,276$67,093,257$43,217,311$113,983,934
82$313,446,683$70,317,021$44,601,286$122,790,333
83$345,352,429$73,696,740$46,029,614$132,374,827
84$380,510,488$77,239,992$47,503,717$142,811,467
85$419,252,531$80,954,725$49,025,065$154,181,617
86$461,944,057$84,849,274$50,595,172$166,574,689
87$508,987,843$88,932,380$52,215,602$180,088,945
88$560,827,748$93,213,212$53,887,970$194,832,396
89$617,952,902$97,701,384$55,613,941$210,923,779
90$680,902,325$102,406,978$57,395,235$228,493,639
91$750,270,013$107,340,571$59,233,626$247,685,515
92$826,710,549$112,513,253$61,130,947$268,657,259
93$910,945,278$117,936,656$63,089,087$291,582,471
94$1,003,769,123$123,622,979$65,109,998$316,652,096
95$1,106,058,084$129,585,015$67,195,693$344,076,172
96$1,218,777,510$135,836,183$69,348,251$374,085,760
97$1,342,991,216$142,390,556$71,569,817$406,935,074
98$1,479,871,520$149,262,892$73,862,605$442,903,815
99$1,630,710,313$156,468,672$76,228,901$482,299,758
100$1,796,931,257$164,024,129$78,671,062$525,461,588