Can I retire at age 53 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,343,825
2 years$715,413$702,089$689,176$676,656$664,512$613,059
3 years$472,204$458,823$445,942$433,540$421,594$371,956
4 years$350,624$337,283$324,532$312,341$300,684$253,240
5 years$277,695$264,434$251,850$239,908$228,575$183,448
6 years$229,091$215,930$203,532$191,856$180,864$138,085
7 years$194,388$181,338$169,136$157,736$147,091$106,650
8 years$168,372$155,440$143,441$132,321$122,026$83,886
9 years$148,149$135,339$123,546$112,708$102,763$66,872
10 years$131,979$119,294$107,710$97,155$87,560$53,853
11 years$118,758$106,201$94,826$84,554$75,304$43,709
12 years$107,749$95,320$84,156$74,165$65,257$35,695
13 years$98,440$86,142$75,188$65,477$56,905$29,292
14 years$90,468$78,300$67,556$58,123$49,883$24,133
15 years$83,566$71,529$60,994$51,836$43,921$19,945
16 years$77,532$65,626$55,300$46,413$38,817$16,527
17 years$72,213$60,439$50,321$41,702$34,418$13,723
18 years$67,491$55,849$45,937$37,582$30,603$11,415
19 years$63,271$51,760$42,053$33,958$27,277$9,509
20 years$59,477$48,098$38,594$30,756$24,364$7,930
21 years$56,049$44,801$35,499$27,913$21,803$6,620
22 years$52,937$41,820$32,718$25,379$19,544$5,531
23 years$50,100$39,114$30,209$23,113$17,544$4,624
24 years$47,503$36,647$27,938$21,081$15,769$3,868
25 years$45,118$34,391$25,877$19,252$14,189$3,237
26 years$42,919$32,322$23,999$17,603$12,781$2,710
27 years$40,887$30,419$22,285$16,113$11,523$2,270
28 years$39,004$28,664$20,717$14,763$10,398$1,902
29 years$37,253$27,041$19,279$13,538$9,389$1,593
30 years$35,622$25,537$17,958$12,424$8,483$1,335
31 years$34,100$24,141$16,741$11,411$7,670$1,119
32 years$32,675$22,843$15,620$10,487$6,938$938
33 years$31,340$21,632$14,585$9,643$6,279$787
34 years$30,086$20,502$13,627$8,873$5,685$660
35 years$28,906$19,446$12,740$8,168$5,149$553
36 years$27,794$18,457$11,918$7,522$4,665$464
37 years$26,745$17,530$11,155$6,931$4,228$389
38 years$25,753$16,660$10,446$6,388$3,833$326
39 years$24,815$15,842$9,787$5,890$3,476$274
40 years$23,925$15,072$9,173$5,433$3,153$230
41 years$23,082$14,347$8,602$5,013$2,860$193
42 years$22,280$13,664$8,069$4,626$2,596$162
43 years$21,518$13,019$7,571$4,270$2,356$136
44 years$20,792$12,410$7,107$3,943$2,138$114
45 years$20,101$11,834$6,673$3,641$1,941$95
46 years$19,442$11,289$6,268$3,364$1,762$80
47 years$18,813$10,773$5,888$3,108$1,600$67
48 years$18,211$10,285$5,534$2,872$1,453$56
49 years$17,636$9,821$5,201$2,654$1,320$47
50 years$17,086$9,382$4,890$2,453$1,199$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,500,000, adding $6,284 every year, while hoping to spend $30,494 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: 28/43/29 Blend
52$17,500,000$17,500,000$17,500,000$17,500,000
53$19,291,482$18,363,982$18,092,732$19,658,299
54$21,226,768$19,231,372$18,666,393$20,820,950
55$23,358,431$20,140,241$19,258,250$22,066,109
56$25,706,469$21,092,592$19,868,880$23,403,273
57$28,292,920$22,090,520$20,498,878$24,840,368
58$31,142,067$23,136,224$21,148,860$26,386,063
59$34,280,670$24,232,012$21,819,459$28,049,844
60$37,738,217$25,380,299$22,511,329$29,842,098
61$41,547,203$26,583,621$23,225,147$31,774,196
62$45,743,435$27,844,637$23,961,607$33,858,595
63$50,366,374$29,166,132$24,721,429$36,108,944
64$55,459,501$30,551,029$25,505,353$38,540,199
65$61,070,733$32,002,393$26,314,146$41,168,757
66$67,252,874$33,523,436$27,148,596$44,012,598
67$74,064,110$35,117,527$28,009,517$47,091,438
68$81,568,562$36,788,199$28,897,749$50,426,910
69$89,836,891$38,539,157$29,814,159$54,042,745
70$98,946,962$40,374,283$30,759,641$57,964,991
71$108,984,582$42,297,653$31,735,119$62,222,238
72$120,044,307$44,313,536$32,741,543$66,845,875
73$132,230,338$46,426,411$33,779,897$71,870,367
74$145,657,502$48,640,974$34,851,193$77,333,569
75$160,452,336$50,962,151$35,956,477$83,277,059
76$176,754,283$53,395,105$37,096,827$89,746,517
77$194,717,007$55,945,252$38,273,358$96,792,133
78$214,509,842$58,618,270$39,487,216$104,469,064
79$236,319,396$61,420,115$40,739,588$112,837,931
80$260,351,305$64,357,031$42,031,694$121,965,366
81$286,832,179$67,435,567$43,364,797$131,924,627
82$316,011,741$70,662,590$44,740,198$142,796,254
83$348,165,183$74,045,301$46,159,239$154,668,813
84$383,595,764$77,591,253$47,623,306$167,639,697
85$422,637,673$81,308,366$49,133,827$181,816,026
86$465,659,183$85,204,943$50,692,278$197,315,622
87$513,066,131$89,289,696$52,300,180$214,268,095
88$565,305,742$93,571,757$53,959,102$232,816,032
89$622,870,861$98,060,706$55,670,665$253,116,310
90$686,304,595$102,766,587$57,436,539$275,341,543
91$756,205,449$107,699,935$59,258,448$299,681,674
92$833,232,970$112,871,797$61,138,171$326,345,731
93$918,113,977$118,293,759$63,077,544$355,563,755
94$1,011,649,420$123,977,972$65,078,460$387,588,937
95$1,114,721,946$129,937,177$67,142,873$422,699,959
96$1,228,304,224$136,184,738$69,272,799$461,203,581
97$1,353,468,134$142,734,670$71,470,317$503,437,488
98$1,491,394,885$149,601,670$73,737,574$549,773,425
99$1,643,386,165$156,801,153$76,076,784$600,620,658
100$1,810,876,428$164,349,283$78,490,230$656,429,780