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%19.6%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,334,030
2 years$711,325$698,077$685,238$672,789$660,714$607,482
3 years$469,506$456,201$443,394$431,063$419,184$367,865
4 years$348,620$335,356$322,677$310,556$298,966$249,950
5 years$276,108$262,923$250,411$238,537$227,269$180,683
6 years$227,782$214,697$202,369$190,760$179,830$135,704
7 years$193,277$180,302$168,170$156,834$146,250$104,571
8 years$167,410$154,552$142,621$131,564$121,329$82,056
9 years$147,302$134,565$122,840$112,064$102,176$65,253
10 years$131,225$118,613$107,094$96,600$87,059$52,415
11 years$118,079$105,594$94,284$84,071$74,874$42,432
12 years$107,133$94,775$83,675$73,741$64,884$34,559
13 years$97,878$85,649$74,758$65,103$56,580$28,283
14 years$89,951$77,853$67,170$57,791$49,598$23,236
15 years$83,088$71,120$60,646$51,539$43,670$19,149
16 years$77,089$65,251$54,984$46,148$38,596$15,821
17 years$71,800$60,094$50,034$41,463$34,221$13,098
18 years$67,105$55,529$45,674$37,367$30,428$10,863
19 years$62,909$51,464$41,813$33,764$27,121$9,021
20 years$59,137$47,823$38,373$30,580$24,225$7,500
21 years$55,729$44,545$35,296$27,753$21,679$6,242
22 years$52,635$41,581$32,531$25,234$19,432$5,199
23 years$49,814$38,890$30,036$22,981$17,443$4,333
24 years$47,232$36,438$27,779$20,960$15,678$3,613
25 years$44,860$34,195$25,729$19,142$14,108$3,014
26 years$42,674$32,138$23,862$17,502$12,708$2,515
27 years$40,654$30,245$22,158$16,020$11,457$2,100
28 years$38,781$28,500$20,599$14,678$10,338$1,753
29 years$37,040$26,886$19,169$13,460$9,335$1,464
30 years$35,419$25,391$17,855$12,353$8,435$1,223
31 years$33,905$24,003$16,646$11,345$7,626$1,022
32 years$32,489$22,712$15,531$10,427$6,898$854
33 years$31,161$21,509$14,501$9,588$6,243$714
34 years$29,914$20,385$13,549$8,822$5,652$596
35 years$28,741$19,335$12,667$8,121$5,119$498
36 years$27,635$18,352$11,850$7,479$4,639$417
37 years$26,592$17,430$11,091$6,891$4,204$348
38 years$25,606$16,565$10,387$6,352$3,811$291
39 years$24,673$15,751$9,731$5,857$3,456$243
40 years$23,789$14,986$9,121$5,402$3,135$203
41 years$22,950$14,266$8,553$4,984$2,844$170
42 years$22,153$13,586$8,023$4,600$2,581$142
43 years$21,395$12,945$7,528$4,246$2,342$119
44 years$20,674$12,339$7,066$3,920$2,126$99
45 years$19,986$11,766$6,635$3,621$1,930$83
46 years$19,331$11,225$6,232$3,344$1,752$69
47 years$18,705$10,712$5,855$3,090$1,591$58
48 years$18,107$10,226$5,502$2,855$1,445$49
49 years$17,536$9,765$5,171$2,639$1,312$41
50 years$16,988$9,328$4,862$2,439$1,192$34

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 $2,260 every year, while hoping to spend $51,731 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: 44/38/18 Blend
52$17,400,000$17,400,000$17,400,000$17,400,000
53$19,177,131$18,254,931$17,985,231$19,921,019
54$21,078,157$19,094,381$18,532,695$21,283,243
55$23,171,354$19,973,231$19,096,765$22,753,574
56$25,476,269$20,893,356$19,677,943$24,346,202
57$28,014,440$21,856,722$20,276,746$26,072,451
58$30,809,601$22,865,390$20,893,706$27,944,750
59$33,887,906$23,921,520$21,529,371$29,976,742
60$37,278,174$25,027,376$22,184,306$32,183,410
61$41,012,161$26,185,330$22,859,093$34,581,205
62$45,124,860$27,397,870$23,554,332$37,188,198
63$49,654,833$28,667,602$24,270,638$40,024,241
64$54,644,570$29,997,260$25,008,649$43,111,144
65$60,140,897$31,389,706$25,769,020$46,472,876
66$66,195,410$32,847,943$26,552,423$50,135,777
67$72,864,968$34,375,118$27,359,556$54,128,801
68$80,212,226$35,974,530$28,191,132$58,483,776
69$88,306,228$37,649,637$29,047,890$63,235,695
70$97,223,057$39,404,064$29,930,588$68,423,037
71$107,046,555$41,241,609$30,840,009$74,088,115
72$117,869,113$43,166,257$31,776,958$80,277,464
73$129,792,541$45,182,182$32,742,265$87,042,271
74$142,929,033$47,293,762$33,736,784$94,438,839
75$157,402,224$49,505,586$34,761,396$102,529,110
76$173,348,355$51,822,463$35,817,007$111,381,230
77$190,917,561$54,249,438$36,904,550$121,070,181
78$210,275,287$56,791,795$38,024,988$131,678,471
79$231,603,852$59,455,079$39,179,311$143,296,896
80$255,104,166$62,245,099$40,368,538$156,025,380
81$280,997,628$65,167,946$41,593,722$169,973,898
82$309,528,218$68,230,008$42,855,944$185,263,500
83$340,964,797$71,437,978$44,156,318$202,027,425
84$375,603,645$74,798,877$45,495,993$220,412,347
85$413,771,258$78,320,065$46,876,151$240,579,732
86$455,827,434$82,009,255$48,298,009$262,707,339
87$502,168,662$85,874,538$49,762,823$286,990,877
88$553,231,871$89,924,396$51,271,882$313,645,826
89$609,498,550$94,167,720$52,826,519$342,909,442
90$671,499,297$98,613,832$54,428,101$375,042,973
91$739,818,824$103,272,509$56,078,042$410,334,094
92$815,101,481$108,153,999$57,777,794$449,099,593
93$898,057,335$113,269,048$59,528,853$491,688,329
94$989,468,875$118,628,923$61,332,761$538,484,495
95$1,090,198,397$124,245,437$63,191,105$589,911,205
96$1,201,196,146$130,130,976$65,105,520$646,434,456
97$1,323,509,288$136,298,529$67,077,689$708,567,488
98$1,458,291,791$142,761,712$69,109,347$776,875,589
99$1,606,815,322$149,534,805$71,202,279$851,981,389
100$1,770,481,254$156,632,779$73,358,324$934,570,696