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%15.4%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,380,106
2 years$723,589$710,113$697,052$684,389$672,106$640,718
3 years$477,601$464,066$451,039$438,495$426,412$395,932
4 years$354,631$341,138$328,241$315,911$304,120$274,784
5 years$280,868$267,456$254,728$242,650$231,188$203,077
6 years$231,709$218,398$205,858$194,049$182,931$156,075
7 years$196,609$183,410$171,069$159,538$148,772$123,176
8 years$170,296$157,217$145,080$133,833$123,420$99,076
9 years$149,842$136,885$124,958$113,996$103,938$80,826
10 years$133,487$120,658$108,941$98,265$88,560$66,657
11 years$120,115$107,415$95,910$85,520$76,165$55,441
12 years$108,980$96,409$85,118$75,013$66,003$46,427
13 years$99,565$87,126$76,047$66,225$57,556$39,092
14 years$91,502$79,195$68,328$58,787$50,453$33,063
15 years$84,521$72,346$61,691$52,428$44,423$28,068
16 years$78,418$66,376$55,932$46,944$39,261$23,901
17 years$73,038$61,130$50,896$42,178$34,812$20,406
18 years$68,262$56,487$46,462$38,011$30,953$17,459
19 years$63,994$52,351$42,533$34,346$27,589$14,965
20 years$60,157$48,648$39,035$31,107$24,643$12,847
21 years$56,690$45,313$35,905$28,232$22,053$11,044
22 years$53,542$42,298$33,092$25,669$19,767$9,504
23 years$50,673$39,561$30,554$23,377$17,744$8,187
24 years$48,046$37,066$28,258$21,322$15,949$7,058
25 years$45,633$34,784$26,172$19,472$14,351$6,089
26 years$43,410$32,692$24,273$17,804$12,927$5,256
27 years$41,355$30,767$22,540$16,297$11,655$4,540
28 years$39,449$28,991$20,954$14,931$10,517$3,923
29 years$37,679$27,350$19,499$13,692$9,496$3,391
30 years$36,030$25,829$18,163$12,566$8,580$2,932
31 years$34,490$24,417$16,933$11,541$7,757$2,536
32 years$33,049$23,104$15,799$10,606$7,017$2,194
33 years$31,698$21,879$14,751$9,753$6,351$1,899
34 years$30,430$20,737$13,783$8,974$5,750$1,644
35 years$29,236$19,669$12,886$8,261$5,208$1,423
36 years$28,112$18,668$12,054$7,608$4,718$1,232
37 years$27,050$17,731$11,283$7,010$4,277$1,067
38 years$26,047$16,850$10,566$6,461$3,877$924
39 years$25,098$16,023$9,899$5,958$3,516$800
40 years$24,199$15,245$9,278$5,495$3,189$693
41 years$23,345$14,511$8,700$5,070$2,893$600
42 years$22,535$13,820$8,161$4,679$2,625$520
43 years$21,764$13,168$7,658$4,319$2,383$450
44 years$21,030$12,552$7,188$3,988$2,163$390
45 years$20,331$11,969$6,750$3,683$1,963$338
46 years$19,664$11,418$6,339$3,402$1,783$293
47 years$19,028$10,896$5,956$3,143$1,619$254
48 years$18,419$10,402$5,597$2,904$1,470$220
49 years$17,838$9,933$5,261$2,684$1,335$190
50 years$17,281$9,489$4,946$2,481$1,213$165

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 $2,873 every year, while hoping to spend $46,701 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: 51/22/27 Blend
52$17,700,000$17,700,000$17,700,000$17,700,000
53$19,508,363$18,570,263$18,295,913$20,354,906
54$21,448,527$19,430,517$18,859,137$21,804,794
55$23,585,022$20,331,358$19,439,663$23,375,548
56$25,937,825$21,274,725$20,038,023$25,082,666
57$28,528,949$22,262,652$20,654,762$26,939,141
58$31,382,649$23,297,269$21,290,444$28,959,254
59$34,525,655$24,380,811$21,945,650$31,158,705
60$37,987,419$25,515,618$22,620,977$33,554,754
61$41,800,399$26,704,146$23,317,042$36,166,382
62$46,000,357$27,948,967$24,034,481$39,014,460
63$50,626,705$29,252,778$24,773,947$42,121,942
64$55,722,872$30,618,407$25,536,117$45,514,078
65$61,336,713$32,048,817$26,321,685$49,218,641
66$67,520,964$33,547,116$27,131,368$53,266,188
67$74,333,738$35,116,560$27,965,905$57,690,336
68$81,839,072$36,760,565$28,826,056$62,528,076
69$90,107,535$38,482,709$29,712,606$67,820,115
70$99,216,888$40,286,747$30,626,363$73,611,248
71$109,252,824$42,176,611$31,568,159$79,950,776
72$120,309,774$44,156,427$32,538,854$86,892,963
73$132,491,797$46,230,518$33,539,332$94,497,537
74$145,913,565$48,403,418$34,570,505$102,830,248
75$160,701,444$50,679,880$35,633,311$111,963,473
76$176,994,683$53,064,886$36,728,719$121,976,895
77$194,946,736$55,563,661$37,857,727$132,958,241
78$214,726,705$58,181,682$39,021,362$145,004,102
79$236,520,935$60,924,691$40,220,684$158,220,829
80$260,534,778$63,798,709$41,456,785$172,725,526
81$286,994,528$66,810,047$42,730,789$188,647,148
82$316,149,555$69,965,326$44,043,857$206,127,697
83$348,274,666$73,271,483$45,397,182$225,323,553
84$383,672,690$76,735,794$46,791,996$246,406,936
85$422,677,344$80,365,887$48,229,568$269,567,517
86$465,656,379$84,169,762$49,711,204$295,014,190
87$513,015,053$88,155,803$51,238,253$322,977,029
88$565,199,956$92,332,805$52,812,101$353,709,444
89$622,703,226$96,709,987$54,434,181$387,490,555
90$686,067,196$101,297,016$56,105,967$424,627,803
91$755,889,509$106,104,030$57,828,976$465,459,843
92$832,828,768$111,141,656$59,604,776$510,359,711
93$917,610,744$116,421,040$61,434,978$559,738,328
94$1,011,035,236$121,953,866$63,321,245$614,048,357
95$1,113,983,614$127,752,390$65,265,291$673,788,452
96$1,227,427,144$133,829,458$67,268,880$739,507,944
97$1,352,436,157$140,198,545$69,333,831$811,811,995
98$1,490,190,148$146,873,778$71,462,018$891,367,290
99$1,641,988,921$153,869,970$73,655,373$978,908,302
100$1,809,264,848$161,202,656$75,915,885$1,075,244,195