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%11.2%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,348,757
2 years$694,972$682,029$669,485$657,323$645,526$638,616
3 years$458,713$445,714$433,201$421,153$409,548$402,789
4 years$340,606$327,647$315,260$303,417$292,093$285,537
5 years$269,760$256,879$244,654$233,053$222,044$215,711
6 years$222,546$209,761$197,717$186,375$175,696$169,593
7 years$188,834$176,157$164,304$153,229$142,888$137,018
8 years$163,562$150,999$139,343$128,540$118,539$112,903
9 years$143,916$131,472$120,016$109,487$99,827$94,424
10 years$128,208$115,886$104,632$94,379$85,058$79,884
11 years$115,365$103,166$92,117$82,138$73,153$68,205
12 years$104,670$92,597$81,751$72,046$63,393$58,668
13 years$95,628$83,680$73,039$63,606$55,280$50,773
14 years$87,883$76,063$65,626$56,462$48,458$44,164
15 years$81,178$69,485$59,252$50,355$42,666$38,580
16 years$75,316$63,751$53,720$45,087$37,708$33,824
17 years$70,150$58,712$48,883$40,510$33,435$29,746
18 years$65,562$54,253$44,624$36,508$29,729$26,230
19 years$61,463$50,281$40,851$32,988$26,498$23,183
20 years$57,778$46,724$37,491$29,877$23,668$20,531
21 years$54,448$43,521$34,485$27,115$21,180$18,213
22 years$51,425$40,625$31,783$24,654$18,985$16,182
23 years$48,669$37,996$29,346$22,453$17,042$14,397
24 years$46,146$35,600$27,140$20,478$15,318$12,824
25 years$43,829$33,409$25,137$18,702$13,784$11,435
26 years$41,693$31,399$23,313$17,100$12,416$10,205
27 years$39,719$29,550$21,649$15,652$11,194$9,115
28 years$37,889$27,845$20,125$14,341$10,101$8,148
29 years$36,189$26,268$18,728$13,151$9,121$7,287
30 years$34,605$24,808$17,445$12,069$8,241$6,522
31 years$33,126$23,452$16,263$11,085$7,451$5,839
32 years$31,742$22,190$15,174$10,187$6,740$5,231
33 years$30,445$21,014$14,168$9,368$6,099$4,688
34 years$29,226$19,917$13,238$8,619$5,522$4,202
35 years$28,080$18,891$12,376$7,934$5,002$3,769
36 years$27,000$17,930$11,578$7,307$4,532$3,381
37 years$25,981$17,029$10,836$6,733$4,107$3,033
38 years$25,017$16,184$10,148$6,206$3,724$2,722
39 years$24,106$15,389$9,507$5,722$3,377$2,444
40 years$23,242$14,642$8,911$5,278$3,063$2,194
41 years$22,422$13,938$8,356$4,869$2,779$1,970
42 years$21,643$13,274$7,838$4,494$2,521$1,769
43 years$20,903$12,647$7,355$4,148$2,288$1,589
44 years$20,198$12,055$6,904$3,830$2,077$1,428
45 years$19,527$11,496$6,483$3,537$1,886$1,283
46 years$18,886$10,967$6,089$3,268$1,712$1,152
47 years$18,275$10,465$5,720$3,019$1,555$1,036
48 years$17,691$9,991$5,375$2,790$1,412$931
49 years$17,132$9,541$5,053$2,578$1,282$836
50 years$16,598$9,114$4,750$2,383$1,165$752

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 $3,958 every year, while hoping to spend $47,178 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: 58/21/21 Blend
53$17,000,000$17,000,000$17,000,000$17,000,000
54$18,738,083$17,837,083$17,573,583$19,719,734
55$20,599,170$18,660,903$18,112,101$21,211,775
56$22,648,507$19,523,509$18,667,078$22,832,223
57$24,905,246$20,426,751$19,239,016$24,597,871
58$27,390,489$21,372,571$19,828,431$26,522,746
59$30,127,492$22,362,999$20,435,856$28,622,275
60$33,141,879$23,400,169$21,061,841$30,913,427
61$36,461,887$24,486,314$21,706,949$33,414,862
62$40,118,632$25,623,775$22,371,763$36,147,112
63$44,146,399$26,815,008$23,056,885$39,132,762
64$48,582,973$28,062,584$23,762,931$42,396,663
65$53,469,987$29,369,201$24,490,540$45,966,158
66$58,853,320$30,737,686$25,240,367$49,871,336
67$64,783,528$32,171,003$26,013,090$54,145,312
68$71,316,324$33,672,258$26,809,405$58,824,529
69$78,513,099$35,244,709$27,630,029$63,949,100
70$86,441,504$36,891,768$28,475,704$69,563,177
71$95,176,089$38,617,016$29,347,191$75,715,365
72$104,799,003$40,424,203$30,245,276$82,459,167
73$115,400,777$42,317,264$31,170,767$89,853,488
74$127,081,167$44,300,322$32,124,500$97,963,178
75$139,950,107$46,377,699$33,107,331$106,859,643
76$154,128,739$48,553,927$34,120,148$116,621,500
77$169,750,559$50,833,757$35,163,861$127,335,320
78$186,962,676$53,222,171$36,239,410$139,096,431
79$205,927,201$55,724,391$37,347,763$152,009,810
80$226,822,780$58,345,890$38,489,918$166,191,060
81$249,846,275$61,092,410$39,666,901$181,767,497
82$275,214,625$63,969,967$40,879,772$198,879,335
83$303,166,893$66,984,872$42,129,621$217,681,001
84$333,966,524$70,143,739$43,417,572$238,342,578
85$367,903,832$73,453,504$44,744,782$261,051,404
86$405,298,735$76,921,438$46,112,444$286,013,819
87$446,503,782$80,555,165$47,521,788$313,457,104
88$491,907,479$84,362,679$48,974,078$343,631,612
89$541,937,952$88,352,361$50,470,621$376,813,115
90$597,066,995$92,532,999$52,012,758$413,305,392
91$657,814,519$96,913,806$53,601,876$453,443,079
92$724,753,461$101,504,443$55,239,399$497,594,814
93$798,515,193$106,315,040$56,926,799$546,166,695
94$879,795,484$111,356,218$58,665,588$599,606,098
95$969,361,064$116,639,114$60,457,326$658,405,878
96$1,068,056,866$122,175,404$62,303,620$723,109,005
97$1,176,814,001$127,977,334$64,206,126$794,313,664
98$1,296,658,547$134,057,740$66,166,548$872,678,882
99$1,428,721,236$140,430,087$68,186,645$958,930,726
100$1,574,248,130$147,108,489$70,268,226$1,053,869,130