Can I retire at age 53 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,374,550
2 years$719,501$706,101$693,114$680,522$668,309$639,326
3 years$474,902$461,445$448,491$436,017$424,003$395,839
4 years$352,627$339,211$326,386$314,126$302,402$275,275
5 years$279,281$265,945$253,289$241,279$229,881$203,867
6 years$230,400$217,164$204,695$192,953$181,897$157,024
7 years$195,499$182,374$170,103$158,637$147,931$124,205
8 years$169,334$156,328$144,261$133,077$122,723$100,136
9 years$148,995$136,112$124,252$113,352$103,351$81,887
10 years$132,733$119,976$108,325$97,710$88,060$67,699
11 years$119,437$106,808$95,368$85,037$75,735$56,451
12 years$108,364$95,865$84,637$74,589$65,630$47,396
13 years$99,003$86,634$75,617$65,851$57,231$40,014
14 years$90,985$78,748$67,942$58,455$50,168$33,936
15 years$84,043$71,937$61,343$52,132$44,172$28,889
16 years$77,975$66,001$55,616$46,678$39,039$24,670
17 years$72,626$60,785$50,609$41,940$34,615$21,123
18 years$67,876$56,168$46,199$37,796$30,778$18,125
19 years$63,632$52,056$42,293$34,152$27,433$15,582
20 years$59,817$48,373$38,815$30,932$24,504$13,418
21 years$56,369$45,057$35,702$28,072$21,928$11,569
22 years$53,240$42,059$32,905$25,524$19,655$9,987
23 years$50,386$39,337$30,382$23,245$17,644$8,630
24 years$47,775$36,856$28,098$21,201$15,859$7,464
25 years$45,376$34,588$26,024$19,362$14,270$6,460
26 years$43,165$32,507$24,136$17,704$12,854$5,594
27 years$41,121$30,593$22,413$16,205$11,589$4,847
28 years$39,227$28,828$20,835$14,847$10,457$4,202
29 years$37,466$27,196$19,389$13,615$9,443$3,644
30 years$35,826$25,683$18,060$12,495$8,532$3,162
31 years$34,295$24,279$16,837$11,476$7,714$2,744
32 years$32,862$22,973$15,709$10,547$6,978$2,382
33 years$31,519$21,756$14,668$9,698$6,315$2,068
34 years$30,258$20,620$13,705$8,923$5,717$1,796
35 years$29,071$19,557$12,813$8,214$5,178$1,560
36 years$27,953$18,563$11,986$7,565$4,692$1,355
37 years$26,898$17,630$11,219$6,970$4,252$1,177
38 years$25,900$16,755$10,506$6,425$3,855$1,023
39 years$24,956$15,933$9,843$5,924$3,496$889
40 years$24,062$15,159$9,226$5,464$3,171$773
41 years$23,213$14,429$8,651$5,041$2,877$672
42 years$22,407$13,742$8,115$4,652$2,610$584
43 years$21,641$13,093$7,615$4,295$2,369$507
44 years$20,911$12,481$7,148$3,966$2,150$441
45 years$20,216$11,902$6,711$3,662$1,952$383
46 years$19,553$11,354$6,304$3,383$1,772$333
47 years$18,920$10,835$5,922$3,125$1,610$290
48 years$18,315$10,343$5,565$2,888$1,462$252
49 years$17,737$9,877$5,231$2,669$1,328$219
50 years$17,184$9,435$4,918$2,467$1,206$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,600,000, adding $5,353 every year, while hoping to spend $54,354 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: 30/47/23 Blend
52$17,600,000$17,600,000$17,600,000$17,600,000
53$19,400,722$18,467,922$18,195,122$19,843,851
54$21,321,763$19,315,018$18,746,826$21,031,619
55$23,436,929$20,201,799$19,315,191$22,303,318
56$25,765,963$21,130,155$19,900,717$23,670,301
57$28,330,619$22,102,061$20,503,919$25,140,859
58$31,154,872$23,119,591$21,125,330$26,724,065
59$34,265,136$24,184,918$21,765,495$28,429,853
60$37,690,519$25,300,319$22,424,979$30,269,104
61$41,463,098$26,468,180$23,104,361$32,253,736
62$45,618,216$27,691,003$23,804,239$34,396,810
63$50,194,821$28,971,409$24,525,229$36,712,640
64$55,235,832$30,312,147$25,267,963$39,216,922
65$60,788,541$31,716,097$26,033,094$41,926,865
66$66,905,065$33,186,278$26,821,296$44,861,348
67$73,642,831$34,725,855$27,633,258$48,041,081
68$81,065,123$36,338,145$28,469,696$51,488,790
69$89,241,676$38,026,625$29,331,341$55,229,420
70$98,249,337$39,794,940$30,218,951$59,290,352
71$108,172,788$41,646,910$31,133,304$63,701,651
72$119,105,343$43,586,540$32,075,201$68,496,333
73$131,149,836$45,618,028$33,045,468$73,710,660
74$144,419,583$47,745,775$34,044,955$79,384,466
75$159,039,457$49,974,395$35,074,538$85,561,517
76$175,147,064$52,308,722$36,135,117$92,289,905
77$192,894,043$54,753,828$37,227,621$99,622,481
78$212,447,496$57,315,026$38,353,007$107,617,338
79$233,991,566$59,997,888$39,512,259$116,338,334
80$257,729,176$62,808,255$40,706,390$125,855,676
81$283,883,942$65,752,249$41,936,443$136,246,560
82$312,702,285$68,836,290$43,203,496$147,595,872
83$344,455,758$72,067,109$44,508,653$159,996,969
84$379,443,607$75,451,759$45,853,054$173,552,532
85$417,995,598$78,997,638$47,237,874$188,375,506
86$460,475,127$82,712,500$48,664,321$204,590,143
87$507,282,654$86,604,476$50,133,639$222,333,138
88$558,859,478$90,682,089$51,647,110$241,754,892
89$615,691,910$94,954,276$53,206,053$263,020,900
90$678,315,856$99,430,407$54,811,827$286,313,274
91$747,321,880$104,120,304$56,465,830$311,832,432
92$823,360,780$109,034,267$58,169,504$339,798,947
93$907,149,727$114,183,094$59,924,330$370,455,593
94$999,479,041$119,578,107$61,731,837$404,069,596
95$1,101,219,646$125,231,178$63,593,596$440,935,109
96$1,213,331,296$131,154,751$65,511,228$481,375,949
97$1,336,871,633$137,361,878$67,486,398$525,748,603
98$1,473,006,171$143,866,242$69,520,824$574,445,545
99$1,623,019,301$150,682,188$71,616,272$627,898,888
100$1,788,326,415$157,824,761$73,774,563$686,584,410