Can I retire at age 53 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,384,058
2 years$723,589$710,113$697,052$684,389$672,106$644,647
3 years$477,601$464,066$451,039$438,495$426,412$399,715
4 years$354,631$341,138$328,241$315,911$304,120$278,392
5 years$280,868$267,456$254,728$242,650$231,188$206,501
6 years$231,709$218,398$205,858$194,049$182,931$159,312
7 years$196,609$183,410$171,069$159,538$148,772$126,227
8 years$170,296$157,217$145,080$133,833$123,420$101,944
9 years$149,842$136,885$124,958$113,996$103,938$83,516
10 years$133,487$120,658$108,941$98,265$88,560$69,173
11 years$120,115$107,415$95,910$85,520$76,165$57,790
12 years$108,980$96,409$85,118$75,013$66,003$48,614
13 years$99,565$87,126$76,047$66,225$57,556$41,124
14 years$91,502$79,195$68,328$58,787$50,453$34,948
15 years$84,521$72,346$61,691$52,428$44,423$29,813
16 years$78,418$66,376$55,932$46,944$39,261$25,513
17 years$73,038$61,130$50,896$42,178$34,812$21,892
18 years$68,262$56,487$46,462$38,011$30,953$18,826
19 years$63,994$52,351$42,533$34,346$27,589$16,221
20 years$60,157$48,648$39,035$31,107$24,643$13,999
21 years$56,690$45,313$35,905$28,232$22,053$12,098
22 years$53,542$42,298$33,092$25,669$19,767$10,468
23 years$50,673$39,561$30,554$23,377$17,744$9,067
24 years$48,046$37,066$28,258$21,322$15,949$7,860
25 years$45,633$34,784$26,172$19,472$14,351$6,819
26 years$43,410$32,692$24,273$17,804$12,927$5,919
27 years$41,355$30,767$22,540$16,297$11,655$5,142
28 years$39,449$28,991$20,954$14,931$10,517$4,468
29 years$37,679$27,350$19,499$13,692$9,496$3,885
30 years$36,030$25,829$18,163$12,566$8,580$3,378
31 years$34,490$24,417$16,933$11,541$7,757$2,939
32 years$33,049$23,104$15,799$10,606$7,017$2,558
33 years$31,698$21,879$14,751$9,753$6,351$2,226
34 years$30,430$20,737$13,783$8,974$5,750$1,938
35 years$29,236$19,669$12,886$8,261$5,208$1,688
36 years$28,112$18,668$12,054$7,608$4,718$1,470
37 years$27,050$17,731$11,283$7,010$4,277$1,280
38 years$26,047$16,850$10,566$6,461$3,877$1,115
39 years$25,098$16,023$9,899$5,958$3,516$972
40 years$24,199$15,245$9,278$5,495$3,189$847
41 years$23,345$14,511$8,700$5,070$2,893$738
42 years$22,535$13,820$8,161$4,679$2,625$643
43 years$21,764$13,168$7,658$4,319$2,383$560
44 years$21,030$12,552$7,188$3,988$2,163$488
45 years$20,331$11,969$6,750$3,683$1,963$426
46 years$19,664$11,418$6,339$3,402$1,783$371
47 years$19,028$10,896$5,956$3,143$1,619$323
48 years$18,419$10,402$5,597$2,904$1,470$282
49 years$17,838$9,933$5,261$2,684$1,335$246
50 years$17,281$9,489$4,946$2,481$1,213$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,700,000, adding $6,292 every year, while hoping to spend $35,507 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: 67/12/21 Blend
52$17,700,000$17,700,000$17,700,000$17,700,000
53$19,511,890$18,573,790$18,299,440$20,715,569
54$21,464,324$19,446,127$18,874,692$22,395,386
55$23,614,716$20,360,018$19,468,025$24,227,017
56$25,983,220$21,317,462$20,080,007$26,229,223
57$28,592,045$22,320,555$20,711,225$28,418,792
58$31,465,665$23,371,493$21,362,282$30,814,201
59$34,631,047$24,472,580$22,033,802$33,435,786
60$38,117,907$25,626,230$22,726,428$36,305,934
61$41,958,995$26,834,976$23,440,824$39,449,284
62$46,190,394$28,101,472$24,177,674$42,892,965
63$50,851,871$29,428,501$24,937,683$46,666,838
64$55,987,246$30,818,981$25,721,579$50,803,785
65$61,644,806$32,275,972$26,530,113$55,340,006
66$67,877,763$33,802,682$27,364,059$60,315,361
67$74,744,755$35,402,474$28,224,215$65,773,743
68$82,310,400$37,078,874$29,111,406$71,763,482
69$90,645,903$38,835,581$30,026,480$78,337,804
70$99,829,732$40,676,472$30,970,315$85,555,323
71$109,948,358$42,605,612$31,943,813$93,480,591
72$121,097,067$44,627,264$32,947,907$102,184,702
73$133,380,864$46,745,896$33,983,559$111,745,956
74$146,915,464$48,966,197$35,051,759$122,250,595
75$161,828,380$51,293,079$36,153,532$133,793,608
76$178,260,131$53,731,696$37,289,931$146,479,624
77$196,365,566$56,287,451$38,462,046$160,423,891
78$216,315,326$58,966,009$39,670,997$175,753,356
79$238,297,458$61,773,312$40,917,944$192,607,861
80$262,519,182$64,715,588$42,204,079$211,141,449
81$289,208,858$67,799,370$43,530,634$231,523,816
82$318,618,130$71,031,509$44,898,880$253,941,901
83$351,024,313$74,419,186$46,310,125$278,601,642
84$386,733,001$77,969,934$47,765,723$305,729,916
85$426,080,957$81,691,651$49,267,065$335,576,665
86$469,439,293$85,592,620$50,815,590$368,417,250
87$517,216,968$89,681,526$52,412,779$404,555,037
88$569,864,655$93,967,476$54,060,163$444,324,254
89$627,878,990$98,460,023$55,759,318$488,093,134
90$691,807,263$103,169,180$57,511,872$536,267,375
91$762,252,585$108,105,451$59,319,501$589,293,967
92$839,879,581$113,279,851$61,183,937$647,665,389
93$925,420,664$118,703,929$63,106,964$711,924,253
94$1,019,682,948$124,389,798$65,090,424$782,668,410
95$1,123,555,871$130,350,160$67,136,215$860,556,576
96$1,238,019,587$136,598,335$69,246,296$946,314,543
97$1,364,154,224$143,148,293$71,422,686$1,040,742,009
98$1,503,150,079$150,014,683$73,667,470$1,144,720,113
99$1,656,318,853$157,212,868$75,982,795$1,259,219,738
100$1,825,106,036$164,758,959$78,370,880$1,385,310,657