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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,321,224
2 years$694,972$682,029$669,485$657,323$645,526$611,112
3 years$458,713$445,714$433,201$421,153$409,548$376,177
4 years$340,606$327,647$315,260$303,417$292,093$260,021
5 years$269,760$256,879$244,654$233,053$222,044$191,360
6 years$222,546$209,761$197,717$186,375$175,696$146,430
7 years$188,834$176,157$164,304$153,229$142,888$115,043
8 years$163,562$150,999$139,343$128,540$118,539$92,103
9 years$143,916$131,472$120,016$109,487$99,827$74,776
10 years$128,208$115,886$104,632$94,379$85,058$61,363
11 years$115,365$103,166$92,117$82,138$73,153$50,778
12 years$104,670$92,597$81,751$72,046$63,393$42,300
13 years$95,628$83,680$73,039$63,606$55,280$35,427
14 years$87,883$76,063$65,626$56,462$48,458$29,800
15 years$81,178$69,485$59,252$50,355$42,666$25,157
16 years$75,316$63,751$53,720$45,087$37,708$21,301
17 years$70,150$58,712$48,883$40,510$33,435$18,080
18 years$65,562$54,253$44,624$36,508$29,729$15,379
19 years$61,463$50,281$40,851$32,988$26,498$13,103
20 years$57,778$46,724$37,491$29,877$23,668$11,181
21 years$54,448$43,521$34,485$27,115$21,180$9,553
22 years$51,425$40,625$31,783$24,654$18,985$8,170
23 years$48,669$37,996$29,346$22,453$17,042$6,994
24 years$46,146$35,600$27,140$20,478$15,318$5,991
25 years$43,829$33,409$25,137$18,702$13,784$5,136
26 years$41,693$31,399$23,313$17,100$12,416$4,405
27 years$39,719$29,550$21,649$15,652$11,194$3,780
28 years$37,889$27,845$20,125$14,341$10,101$3,245
29 years$36,189$26,268$18,728$13,151$9,121$2,787
30 years$34,605$24,808$17,445$12,069$8,241$2,394
31 years$33,126$23,452$16,263$11,085$7,451$2,057
32 years$31,742$22,190$15,174$10,187$6,740$1,768
33 years$30,445$21,014$14,168$9,368$6,099$1,520
34 years$29,226$19,917$13,238$8,619$5,522$1,307
35 years$28,080$18,891$12,376$7,934$5,002$1,123
36 years$27,000$17,930$11,578$7,307$4,532$966
37 years$25,981$17,029$10,836$6,733$4,107$831
38 years$25,017$16,184$10,148$6,206$3,724$715
39 years$24,106$15,389$9,507$5,722$3,377$615
40 years$23,242$14,642$8,911$5,278$3,063$529
41 years$22,422$13,938$8,356$4,869$2,779$455
42 years$21,643$13,274$7,838$4,494$2,521$391
43 years$20,903$12,647$7,355$4,148$2,288$337
44 years$20,198$12,055$6,904$3,830$2,077$290
45 years$19,527$11,496$6,483$3,537$1,886$249
46 years$18,886$10,967$6,089$3,268$1,712$215
47 years$18,275$10,465$5,720$3,019$1,555$185
48 years$17,691$9,991$5,375$2,790$1,412$159
49 years$17,132$9,541$5,053$2,578$1,282$137
50 years$16,598$9,114$4,750$2,383$1,165$118

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 $3,220 every year, while hoping to spend $38,257 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: 62/33/5 Blend
53$17,000,000$17,000,000$17,000,000$17,000,000
54$18,737,321$17,836,321$17,572,821$19,884,293
55$20,607,823$18,669,596$18,120,806$21,482,636
56$22,667,834$19,542,419$18,685,865$23,221,566
57$24,936,643$20,456,687$19,268,532$25,118,416
58$27,435,506$21,414,391$19,869,354$27,188,426
59$30,187,846$22,417,615$20,488,895$29,448,350
60$33,219,473$23,468,545$21,127,740$31,916,609
61$36,558,829$24,569,473$21,786,489$34,613,462
62$40,237,255$25,722,802$22,465,762$37,561,184
63$44,289,287$26,931,052$23,166,197$40,784,278
64$48,752,984$28,196,862$23,888,454$44,309,695
65$53,670,282$29,523,002$24,633,211$48,167,083
66$59,087,396$30,912,375$25,401,168$52,389,057
67$65,055,252$32,368,023$26,193,049$57,011,503
68$71,629,969$33,893,137$27,009,598$62,073,908
69$78,873,388$35,491,064$27,851,582$67,619,721
70$86,853,657$37,165,309$28,719,793$73,696,759
71$95,645,872$38,919,551$29,615,048$80,357,645
72$105,332,786$40,757,644$30,538,187$87,660,299
73$116,005,593$42,683,631$31,490,079$95,668,472
74$127,764,786$44,701,752$32,471,619$104,452,338
75$140,721,105$46,816,448$33,483,729$114,089,146
76$154,996,584$49,032,381$34,527,361$124,663,937
77$170,725,703$51,354,435$35,603,495$136,270,334
78$188,056,655$53,787,732$36,713,142$149,011,416
79$207,152,748$56,337,645$37,857,346$163,000,672
80$228,193,943$59,009,804$39,037,182$178,363,066
81$251,378,555$61,810,115$40,253,758$195,236,197
82$276,925,127$64,744,770$41,508,218$213,771,583
83$305,074,486$67,820,260$42,801,739$234,136,076
84$336,092,024$71,043,393$44,135,538$256,513,423
85$370,270,200$74,421,308$45,510,868$281,105,978
86$407,931,298$77,961,490$46,929,020$308,136,599
87$449,430,474$81,671,788$48,391,326$337,850,726
88$495,159,108$85,560,430$49,899,161$370,518,687
89$545,548,493$89,636,048$51,453,939$406,438,220
90$601,073,916$93,907,691$53,057,123$445,937,267
91$662,259,135$98,384,847$54,710,216$489,377,045
92$729,681,331$103,077,469$56,414,772$537,155,431
93$803,976,551$107,995,989$58,172,391$589,710,694
94$885,845,717$113,151,350$59,984,724$647,525,604
95$976,061,239$118,555,026$61,853,472$711,131,964
96$1,075,474,312$124,219,048$63,780,389$781,115,600
97$1,185,022,945$130,156,035$65,767,286$858,121,858
98$1,305,740,822$136,379,217$67,816,026$942,861,670
99$1,438,767,056$142,902,469$69,928,534$1,036,118,228
100$1,585,356,948$149,740,342$72,106,791$1,138,754,340