Can I retire at age 53 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,347,406
2 years$711,325$698,077$685,238$672,789$660,714$620,638
3 years$469,506$456,201$443,394$431,063$419,184$380,382
4 years$348,620$335,356$322,677$310,556$298,966$261,736
5 years$276,108$262,923$250,411$238,537$227,269$191,712
6 years$227,782$214,697$202,369$190,760$179,830$145,980
7 years$193,277$180,302$168,170$156,834$146,250$114,105
8 years$167,410$154,552$142,621$131,564$121,329$90,871
9 years$147,302$134,565$122,840$112,064$102,176$73,375
10 years$131,225$118,613$107,094$96,600$87,059$59,876
11 years$118,079$105,594$94,284$84,071$74,874$49,263
12 years$107,133$94,775$83,675$73,741$64,884$40,795
13 years$97,878$85,649$74,758$65,103$56,580$33,960
14 years$89,951$77,853$67,170$57,791$49,598$28,390
15 years$83,088$71,120$60,646$51,539$43,670$23,815
16 years$77,089$65,251$54,984$46,148$38,596$20,035
17 years$71,800$60,094$50,034$41,463$34,221$16,895
18 years$67,105$55,529$45,674$37,367$30,428$14,275
19 years$62,909$51,464$41,813$33,764$27,121$12,081
20 years$59,137$47,823$38,373$30,580$24,225$10,239
21 years$55,729$44,545$35,296$27,753$21,679$8,687
22 years$52,635$41,581$32,531$25,234$19,432$7,378
23 years$49,814$38,890$30,036$22,981$17,443$6,271
24 years$47,232$36,438$27,779$20,960$15,678$5,334
25 years$44,860$34,195$25,729$19,142$14,108$4,540
26 years$42,674$32,138$23,862$17,502$12,708$3,866
27 years$40,654$30,245$22,158$16,020$11,457$3,293
28 years$38,781$28,500$20,599$14,678$10,338$2,806
29 years$37,040$26,886$19,169$13,460$9,335$2,392
30 years$35,419$25,391$17,855$12,353$8,435$2,040
31 years$33,905$24,003$16,646$11,345$7,626$1,740
32 years$32,489$22,712$15,531$10,427$6,898$1,484
33 years$31,161$21,509$14,501$9,588$6,243$1,266
34 years$29,914$20,385$13,549$8,822$5,652$1,080
35 years$28,741$19,335$12,667$8,121$5,119$922
36 years$27,635$18,352$11,850$7,479$4,639$787
37 years$26,592$17,430$11,091$6,891$4,204$672
38 years$25,606$16,565$10,387$6,352$3,811$573
39 years$24,673$15,751$9,731$5,857$3,456$489
40 years$23,789$14,986$9,121$5,402$3,135$418
41 years$22,950$14,266$8,553$4,984$2,844$357
42 years$22,153$13,586$8,023$4,600$2,581$305
43 years$21,395$12,945$7,528$4,246$2,342$260
44 years$20,674$12,339$7,066$3,920$2,126$222
45 years$19,986$11,766$6,635$3,621$1,930$190
46 years$19,331$11,225$6,232$3,344$1,752$162
47 years$18,705$10,712$5,855$3,090$1,591$138
48 years$18,107$10,226$5,502$2,855$1,445$118
49 years$17,536$9,765$5,171$2,639$1,312$101
50 years$16,988$9,328$4,862$2,439$1,192$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,400,000, adding $6,418 every year, while hoping to spend $54,438 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: 65/7/28 Blend
52$17,400,000$17,400,000$17,400,000$17,400,000
53$19,181,420$18,259,220$17,989,520$20,285,709
54$21,080,003$19,096,000$18,534,247$21,869,848
55$23,170,418$19,971,958$19,095,399$23,594,064
56$25,472,172$20,888,956$19,673,466$25,477,576
57$28,006,764$21,848,945$20,268,958$27,536,073
58$30,797,882$22,853,972$20,882,396$29,786,825
59$33,871,629$23,906,179$21,514,319$32,248,843
60$37,256,767$25,007,814$22,165,281$34,943,054
61$40,984,992$26,161,231$22,835,852$37,892,501
62$45,091,228$27,368,899$23,526,621$41,122,551
63$49,613,963$28,633,404$24,238,192$44,661,138
64$54,595,604$29,957,458$24,971,188$48,539,018
65$60,082,885$31,343,903$25,726,252$52,790,061
66$66,127,302$32,795,717$26,504,044$57,451,564
67$72,785,602$34,316,022$27,305,245$62,564,602
68$80,120,319$35,908,093$28,130,556$68,174,410
69$88,200,360$37,575,358$28,980,698$74,330,807
70$97,101,660$39,321,414$29,856,415$81,088,666
71$106,907,895$41,150,029$30,758,471$88,508,422
72$117,711,276$43,065,156$31,687,655$96,656,643
73$129,613,413$45,070,935$32,644,779$105,606,653
74$142,726,279$47,171,709$33,630,676$115,439,217
75$157,173,264$49,372,027$34,646,209$126,243,306
76$173,090,342$51,676,662$35,692,262$138,116,922
77$190,627,353$54,090,614$36,769,749$151,168,028
78$209,949,416$56,619,127$37,879,608$165,515,555
79$231,238,488$59,267,696$39,022,806$181,290,525
80$254,695,083$62,042,083$40,200,340$198,637,276
81$280,540,165$64,948,328$41,413,235$217,714,824
82$309,017,230$67,992,765$42,662,547$238,698,358
83$340,394,608$71,182,030$43,949,362$261,780,884
84$374,967,993$74,523,085$45,274,801$287,175,044
85$413,063,237$78,023,225$46,640,016$315,115,115
86$455,039,425$81,690,100$48,046,194$345,859,213
87$501,292,261$85,531,730$49,494,556$379,691,727
88$552,257,809$89,556,522$50,986,361$416,925,990
89$608,416,605$93,773,292$52,522,904$457,907,233
90$670,298,197$98,191,281$54,105,519$503,015,834
91$738,486,139$102,820,179$55,735,580$552,670,904
92$813,623,502$107,670,145$57,414,499$607,334,231
93$896,418,948$112,751,831$59,143,733$667,514,632
94$987,653,413$118,076,404$60,924,781$733,772,747
95$1,088,187,486$123,655,572$62,759,186$806,726,320
96$1,198,969,527$129,501,612$64,648,536$887,056,026
97$1,321,044,623$135,627,396$66,594,467$975,511,878
98$1,455,564,457$142,046,420$68,598,663$1,072,920,306
99$1,603,798,171$148,772,835$70,662,858$1,180,191,938
100$1,767,144,358$155,821,477$72,788,837$1,298,330,192