Can I retire at age 54 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,306,986
2 years$694,972$682,029$669,485$657,323$645,526$597,070
3 years$458,713$445,714$433,201$421,153$409,548$362,777
4 years$340,606$327,647$315,260$303,417$292,093$247,365
5 years$269,760$256,879$244,654$233,053$222,044$179,476
6 years$222,546$209,761$197,717$186,375$175,696$135,319
7 years$188,834$176,157$164,304$153,229$142,888$104,692
8 years$163,562$150,999$139,343$128,540$118,539$82,493
9 years$143,916$131,472$120,016$109,487$99,827$65,883
10 years$128,208$115,886$104,632$94,379$85,058$53,157
11 years$115,365$103,166$92,117$82,138$73,153$43,228
12 years$104,670$92,597$81,751$72,046$63,393$35,373
13 years$95,628$83,680$73,039$63,606$55,280$29,088
14 years$87,883$76,063$65,626$56,462$48,458$24,015
15 years$81,178$69,485$59,252$50,355$42,666$19,890
16 years$75,316$63,751$53,720$45,087$37,708$16,517
17 years$70,150$58,712$48,883$40,510$33,435$13,745
18 years$65,562$54,253$44,624$36,508$29,729$11,459
19 years$61,463$50,281$40,851$32,988$26,498$9,567
20 years$57,778$46,724$37,491$29,877$23,668$7,997
21 years$54,448$43,521$34,485$27,115$21,180$6,691
22 years$51,425$40,625$31,783$24,654$18,985$5,604
23 years$48,669$37,996$29,346$22,453$17,042$4,696
24 years$46,146$35,600$27,140$20,478$15,318$3,938
25 years$43,829$33,409$25,137$18,702$13,784$3,303
26 years$41,693$31,399$23,313$17,100$12,416$2,772
27 years$39,719$29,550$21,649$15,652$11,194$2,328
28 years$37,889$27,845$20,125$14,341$10,101$1,955
29 years$36,189$26,268$18,728$13,151$9,121$1,642
30 years$34,605$24,808$17,445$12,069$8,241$1,379
31 years$33,126$23,452$16,263$11,085$7,451$1,159
32 years$31,742$22,190$15,174$10,187$6,740$974
33 years$30,445$21,014$14,168$9,368$6,099$819
34 years$29,226$19,917$13,238$8,619$5,522$688
35 years$28,080$18,891$12,376$7,934$5,002$579
36 years$27,000$17,930$11,578$7,307$4,532$486
37 years$25,981$17,029$10,836$6,733$4,107$409
38 years$25,017$16,184$10,148$6,206$3,724$344
39 years$24,106$15,389$9,507$5,722$3,377$289
40 years$23,242$14,642$8,911$5,278$3,063$243
41 years$22,422$13,938$8,356$4,869$2,779$204
42 years$21,643$13,274$7,838$4,494$2,521$172
43 years$20,903$12,647$7,355$4,148$2,288$145
44 years$20,198$12,055$6,904$3,830$2,077$122
45 years$19,527$11,496$6,483$3,537$1,886$102
46 years$18,886$10,967$6,089$3,268$1,712$86
47 years$18,275$10,465$5,720$3,019$1,555$72
48 years$17,691$9,991$5,375$2,790$1,412$61
49 years$17,132$9,541$5,053$2,578$1,282$51
50 years$16,598$9,114$4,750$2,383$1,165$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,000,000, adding $5,026 every year, while hoping to spend $27,760 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: 51/29/20 Blend
53$17,000,000$17,000,000$17,000,000$17,000,000
54$18,739,184$17,838,184$17,574,684$19,590,660
55$20,621,045$18,682,719$18,133,900$21,023,341
56$22,693,924$19,567,705$18,710,919$22,576,900
57$24,977,278$20,495,096$19,306,308$24,265,449
58$27,492,544$21,466,940$19,920,653$26,101,780
59$30,263,346$22,485,382$20,554,557$28,099,949
60$33,315,716$23,552,675$21,208,644$30,275,400
61$36,678,342$24,671,179$21,883,556$32,645,107
62$40,382,835$25,843,368$22,579,957$35,227,726
63$44,464,030$27,071,839$23,298,532$38,043,766
64$48,960,315$28,359,313$24,039,986$41,115,776
65$53,913,991$29,708,643$24,805,049$44,468,548
66$59,371,673$31,122,822$25,594,473$48,129,349
67$65,384,730$32,604,986$26,409,035$52,128,161
68$72,009,768$34,158,427$27,249,534$56,497,967
69$79,309,169$35,786,594$28,116,797$61,275,046
70$87,351,672$37,493,105$29,011,677$66,499,308
71$96,213,028$39,281,753$29,935,055$72,214,662
72$105,976,715$41,156,517$30,887,837$78,469,423
73$116,734,722$43,121,568$31,870,961$85,316,753
74$128,588,419$45,181,280$32,885,394$92,815,155
75$141,649,516$47,340,241$33,932,133$101,029,013
76$156,041,115$49,603,262$35,012,208$110,029,191
77$171,898,873$51,975,385$36,126,681$119,893,683
78$189,372,281$54,461,902$37,276,648$130,708,344
79$208,626,078$57,068,360$38,463,240$142,567,681
80$229,841,804$59,800,576$39,687,625$155,575,733
81$253,219,514$62,664,650$40,951,006$169,847,042
82$278,979,666$65,666,979$42,254,626$185,507,712
83$307,365,205$68,814,274$43,599,769$202,696,588
84$338,643,851$72,113,568$44,987,756$221,566,550
85$373,110,632$75,572,241$46,419,954$242,285,935
86$411,090,665$79,198,030$47,897,771$265,040,112
87$452,942,228$82,999,049$49,422,662$290,033,208
88$499,060,141$86,983,808$50,996,127$317,490,019
89$549,879,492$91,161,231$52,619,714$347,658,108
90$605,879,746$95,540,677$54,295,020$380,810,123
91$667,589,271$100,131,961$56,023,694$417,246,342
92$735,590,326$104,945,376$57,807,437$457,297,491
93$810,524,557$109,991,718$59,648,004$501,327,835
94$893,099,057$115,282,307$61,547,207$549,738,591
95$984,093,037$120,829,016$63,506,915$602,971,691
96$1,084,365,186$126,644,297$65,529,056$661,513,922
97$1,194,861,776$132,741,209$67,615,620$725,901,492
98$1,316,625,596$139,133,446$69,768,662$796,725,059
99$1,450,805,794$145,835,373$71,990,300$874,635,278
100$1,598,668,731$152,862,052$74,282,720$960,348,900