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

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,350,264
2 years$715,413$702,089$689,176$676,656$664,512$619,387
3 years$472,204$458,823$445,942$433,540$421,594$377,971
4 years$350,624$337,283$324,532$312,341$300,684$258,898
5 years$277,695$264,434$251,850$239,908$228,575$188,737
6 years$229,091$215,930$203,532$191,856$180,864$143,007
7 years$194,388$181,338$169,136$157,736$147,091$111,210
8 years$168,372$155,440$143,441$132,321$122,026$88,097
9 years$148,149$135,339$123,546$112,708$102,763$70,747
10 years$131,979$119,294$107,710$97,155$87,560$57,406
11 years$118,758$106,201$94,826$84,554$75,304$46,957
12 years$107,749$95,320$84,156$74,165$65,257$38,655
13 years$98,440$86,142$75,188$65,477$56,905$31,983
14 years$90,468$78,300$67,556$58,123$49,883$26,571
15 years$83,566$71,529$60,994$51,836$43,921$22,148
16 years$77,532$65,626$55,300$46,413$38,817$18,512
17 years$72,213$60,439$50,321$41,702$34,418$15,508
18 years$67,491$55,849$45,937$37,582$30,603$13,016
19 years$63,271$51,760$42,053$33,958$27,277$10,941
20 years$59,477$48,098$38,594$30,756$24,364$9,209
21 years$56,049$44,801$35,499$27,913$21,803$7,759
22 years$52,937$41,820$32,718$25,379$19,544$6,544
23 years$50,100$39,114$30,209$23,113$17,544$5,523
24 years$47,503$36,647$27,938$21,081$15,769$4,664
25 years$45,118$34,391$25,877$19,252$14,189$3,941
26 years$42,919$32,322$23,999$17,603$12,781$3,332
27 years$40,887$30,419$22,285$16,113$11,523$2,818
28 years$39,004$28,664$20,717$14,763$10,398$2,384
29 years$37,253$27,041$19,279$13,538$9,389$2,017
30 years$35,622$25,537$17,958$12,424$8,483$1,707
31 years$34,100$24,141$16,741$11,411$7,670$1,445
32 years$32,675$22,843$15,620$10,487$6,938$1,224
33 years$31,340$21,632$14,585$9,643$6,279$1,036
34 years$30,086$20,502$13,627$8,873$5,685$878
35 years$28,906$19,446$12,740$8,168$5,149$743
36 years$27,794$18,457$11,918$7,522$4,665$630
37 years$26,745$17,530$11,155$6,931$4,228$533
38 years$25,753$16,660$10,446$6,388$3,833$452
39 years$24,815$15,842$9,787$5,890$3,476$383
40 years$23,925$15,072$9,173$5,433$3,153$324
41 years$23,082$14,347$8,602$5,013$2,860$275
42 years$22,280$13,664$8,069$4,626$2,596$233
43 years$21,518$13,019$7,571$4,270$2,356$197
44 years$20,792$12,410$7,107$3,943$2,138$167
45 years$20,101$11,834$6,673$3,641$1,941$142
46 years$19,442$11,289$6,268$3,364$1,762$120
47 years$18,813$10,773$5,888$3,108$1,600$102
48 years$18,211$10,285$5,534$2,872$1,453$86
49 years$17,636$9,821$5,201$2,654$1,320$73
50 years$17,086$9,382$4,890$2,453$1,199$62

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 $2,383 every year, while hoping to spend $24,511 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: 68/8/24 Blend
52$17,500,000$17,500,000$17,500,000$17,500,000
53$19,287,458$18,359,958$18,088,708$20,480,541
54$21,228,699$19,233,516$18,668,600$22,154,695
55$23,367,126$20,149,058$19,267,097$23,982,497
56$25,722,824$21,108,613$19,884,797$25,981,572
57$28,317,930$22,114,313$20,522,315$28,168,839
58$31,176,834$23,168,390$21,180,288$30,562,923
59$34,326,417$24,273,187$21,859,374$33,184,326
60$37,796,298$25,431,160$22,560,250$36,055,616
61$41,619,118$26,644,884$23,283,615$39,201,644
62$45,830,844$27,917,059$24,030,193$42,649,768
63$50,471,114$29,250,519$24,800,728$46,430,114
64$55,583,605$30,648,232$25,595,989$50,575,851
65$61,216,450$32,113,313$26,416,772$55,123,508
66$67,422,690$33,649,027$27,263,896$60,113,307
67$74,260,774$35,258,799$28,138,207$65,589,547
68$81,795,114$36,946,220$29,040,577$71,601,012
69$90,096,688$38,715,058$29,971,909$78,201,431
70$99,243,714$40,569,260$30,933,132$85,449,979
71$109,322,388$42,512,968$31,925,206$93,411,834
72$120,427,694$44,550,527$32,949,124$102,158,784
73$132,664,306$46,686,490$34,005,907$111,769,903
74$146,147,572$48,925,634$35,096,611$122,332,291
75$161,004,603$51,272,969$36,222,326$133,941,891
76$177,375,476$53,733,748$37,384,178$146,704,390
77$195,414,553$56,313,479$38,583,325$160,736,212
78$215,291,938$59,017,941$39,820,968$176,165,610
79$237,195,088$61,853,193$41,098,343$193,133,869
80$261,330,576$64,825,587$42,416,726$211,796,638
81$287,926,043$67,941,789$43,777,434$232,325,389
82$317,232,349$71,208,788$45,181,829$254,909,030
83$349,525,942$74,633,911$46,631,313$279,755,682
84$385,111,461$78,224,846$48,127,335$307,094,635
85$424,324,621$81,989,654$49,671,391$337,178,508
86$467,535,374$85,936,789$51,265,025$370,285,621
87$515,151,407$90,075,117$52,909,829$406,722,618
88$567,621,990$94,413,937$54,607,447$446,827,351
89$625,442,215$98,963,001$56,359,578$490,972,062
90$689,157,669$103,732,537$58,167,973$539,566,887
91$759,369,591$108,733,271$60,034,440$593,063,717
92$836,740,542$113,976,453$61,960,845$651,960,456
93$922,000,659$119,473,882$63,949,116$716,805,710
94$1,015,954,555$125,237,930$66,001,240$788,203,953
95$1,119,488,908$131,281,577$68,119,269$866,821,225
96$1,233,580,835$137,618,433$70,305,323$953,391,408
97$1,359,307,116$144,262,772$72,561,588$1,048,723,136
98$1,497,854,361$151,229,567$74,890,320$1,153,707,425
99$1,650,530,209$158,534,519$77,293,849$1,269,326,063
100$1,818,775,676$166,194,097$79,774,579$1,396,660,869