Can I retire at age 54 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,334,068
2 years$703,148$690,053$677,361$665,056$653,120$615,629
3 years$464,109$450,957$438,298$426,108$414,366$378,042
4 years$344,613$331,501$318,968$306,987$295,529$260,651
5 years$272,934$259,901$247,533$235,795$224,657$191,320
6 years$225,164$212,229$200,043$188,567$177,763$146,000
7 years$191,055$178,229$166,237$155,032$144,569$114,381
8 years$165,486$152,776$140,982$130,052$119,934$91,305
9 years$145,609$133,019$121,428$110,776$101,002$73,904
10 years$129,717$117,249$105,863$95,490$86,059$60,459
11 years$116,722$104,380$93,200$83,105$74,013$49,870
12 years$105,901$93,686$82,713$72,894$64,138$41,407
13 years$96,753$84,665$73,899$64,354$55,930$34,563
14 years$88,917$76,958$66,398$57,127$49,028$28,973
15 years$82,133$70,302$59,949$50,947$43,168$24,374
16 years$76,202$64,501$54,352$45,617$38,152$20,564
17 years$70,975$59,403$49,458$40,987$33,828$17,391
18 years$66,334$54,891$45,149$36,937$30,078$14,738
19 years$62,186$50,873$41,332$33,376$26,810$12,511
20 years$58,457$47,273$37,932$30,229$23,947$10,635
21 years$55,088$44,033$34,890$27,434$21,430$9,051
22 years$52,030$41,103$32,157$24,944$19,209$7,711
23 years$49,241$38,443$29,691$22,717$17,243$6,575
24 years$46,689$36,019$27,459$20,719$15,498$5,610
25 years$44,344$33,802$25,433$18,922$13,946$4,790
26 years$42,184$31,768$23,588$17,301$12,562$4,092
27 years$40,186$29,898$21,903$15,836$11,326$3,497
28 years$38,335$28,172$20,362$14,509$10,219$2,990
29 years$36,615$26,577$18,949$13,305$9,228$2,557
30 years$35,012$25,100$17,650$12,211$8,338$2,188
31 years$33,515$23,727$16,454$11,215$7,538$1,872
32 years$32,115$22,451$15,352$10,307$6,819$1,602
33 years$30,803$21,261$14,334$9,478$6,171$1,372
34 years$29,570$20,151$13,393$8,721$5,587$1,174
35 years$28,410$19,113$12,522$8,028$5,061$1,005
36 years$27,318$18,141$11,714$7,393$4,585$861
37 years$26,286$17,230$10,964$6,812$4,156$737
38 years$25,312$16,374$10,267$6,279$3,768$632
39 years$24,389$15,570$9,619$5,789$3,417$541
40 years$23,515$14,814$9,016$5,340$3,099$463
41 years$22,686$14,102$8,454$4,927$2,811$397
42 years$21,898$13,430$7,930$4,547$2,551$340
43 years$21,149$12,796$7,442$4,197$2,315$291
44 years$20,436$12,197$6,985$3,875$2,102$250
45 years$19,757$11,631$6,559$3,579$1,908$214
46 years$19,109$11,096$6,160$3,306$1,732$183
47 years$18,490$10,589$5,788$3,054$1,573$157
48 years$17,899$10,108$5,439$2,822$1,428$135
49 years$17,334$9,653$5,112$2,608$1,297$115
50 years$16,793$9,221$4,806$2,411$1,178$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,200,000, adding $2,415 every year, while hoping to spend $49,780 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: 56/17/27 Blend
53$17,200,000$17,200,000$17,200,000$17,200,000
54$18,956,891$18,045,291$17,778,691$19,877,563
55$20,837,528$18,876,545$18,321,312$21,341,926
56$22,908,322$19,746,862$18,880,442$22,931,205
57$25,188,616$20,658,103$19,456,582$24,661,818
58$27,699,725$21,612,220$20,050,247$26,547,413
59$30,465,136$22,611,257$20,661,969$28,602,996
60$33,510,730$23,657,359$21,292,295$30,845,074
61$36,865,026$24,752,771$21,941,789$33,291,806
62$40,559,451$25,899,849$22,611,031$35,963,166
63$44,628,634$27,101,061$23,300,619$38,881,133
64$49,110,735$28,358,994$24,011,171$42,069,890
65$54,047,806$29,676,360$24,743,321$45,556,047
66$59,486,182$31,056,002$25,497,722$49,368,891
67$65,476,926$32,500,899$26,275,049$53,540,652
68$72,076,306$34,014,176$27,075,996$58,106,804
69$79,346,325$35,599,107$27,901,278$63,106,396
70$87,355,310$37,259,123$28,751,631$68,582,410
71$96,178,555$38,997,824$29,627,814$74,582,166
72$105,899,031$40,818,981$30,530,609$81,157,758
73$116,608,169$42,726,547$31,460,821$88,366,539
74$128,406,723$44,724,669$32,419,280$96,271,658
75$141,405,722$46,817,691$33,406,839$104,942,646
76$155,727,516$49,010,169$34,424,379$114,456,067
77$171,506,934$51,306,878$35,472,806$124,896,230
78$188,892,551$53,712,825$36,553,055$136,355,979
79$208,048,096$56,233,258$37,666,088$148,937,557
80$229,153,995$58,873,681$38,812,895$162,753,569
81$252,409,073$61,639,862$39,994,497$177,928,025
82$278,032,432$64,537,848$41,211,946$194,597,512
83$306,265,519$67,573,982$42,466,325$212,912,464
84$337,374,405$70,754,910$43,758,750$233,038,575
85$371,652,296$74,087,602$45,090,370$255,158,354
86$409,422,302$77,579,366$46,462,369$279,472,830
87$451,040,484$81,237,863$47,875,966$306,203,445
88$496,899,220$85,071,125$49,332,417$335,594,125
89$547,430,904$89,087,573$50,833,017$367,913,572
90$603,112,031$93,296,039$52,379,098$403,457,787
91$664,467,693$97,705,780$53,972,032$442,552,851
92$732,076,536$102,326,502$55,613,234$485,557,982
93$806,576,226$107,168,383$57,304,160$532,868,919
94$888,669,462$112,242,095$59,046,311$584,921,635
95$979,130,616$117,558,826$60,841,231$642,196,435
96$1,078,813,039$123,130,309$62,690,512$705,222,476
97$1,188,657,118$128,968,844$64,595,794$774,582,743
98$1,309,699,156$135,087,329$66,558,765$850,919,530
99$1,443,081,151$141,499,289$68,581,164$934,940,483
100$1,590,061,579$148,218,904$70,664,783$1,027,425,264