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%14.3%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,347,168
2 years$703,148$690,053$677,361$665,056$653,120$628,636
3 years$464,109$450,957$438,298$426,108$414,366$390,546
4 years$344,613$331,501$318,968$306,987$295,529$272,556
5 years$272,934$259,901$247,533$235,795$224,657$202,596
6 years$225,164$212,229$200,043$188,567$177,763$156,640
7 years$191,055$178,229$166,237$155,032$144,569$124,389
8 years$165,486$152,776$140,982$130,052$119,934$100,693
9 years$145,609$133,019$121,428$110,776$101,002$82,688
10 years$129,717$117,249$105,863$95,490$86,059$68,656
11 years$116,722$104,380$93,200$83,105$74,013$57,503
12 years$105,901$93,686$82,713$72,894$64,138$48,497
13 years$96,753$84,665$73,899$64,354$55,930$41,134
14 years$88,917$76,958$66,398$57,127$49,028$35,052
15 years$82,133$70,302$59,949$50,947$43,168$29,984
16 years$76,202$64,501$54,352$45,617$38,152$25,732
17 years$70,975$59,403$49,458$40,987$33,828$22,142
18 years$66,334$54,891$45,149$36,937$30,078$19,097
19 years$62,186$50,873$41,332$33,376$26,810$16,504
20 years$58,457$47,273$37,932$30,229$23,947$14,286
21 years$55,088$44,033$34,890$27,434$21,430$12,383
22 years$52,030$41,103$32,157$24,944$19,209$10,748
23 years$49,241$38,443$29,691$22,717$17,243$9,338
24 years$46,689$36,019$27,459$20,719$15,498$8,120
25 years$44,344$33,802$25,433$18,922$13,946$7,067
26 years$42,184$31,768$23,588$17,301$12,562$6,155
27 years$40,186$29,898$21,903$15,836$11,326$5,363
28 years$38,335$28,172$20,362$14,509$10,219$4,676
29 years$36,615$26,577$18,949$13,305$9,228$4,079
30 years$35,012$25,100$17,650$12,211$8,338$3,559
31 years$33,515$23,727$16,454$11,215$7,538$3,107
32 years$32,115$22,451$15,352$10,307$6,819$2,712
33 years$30,803$21,261$14,334$9,478$6,171$2,369
34 years$29,570$20,151$13,393$8,721$5,587$2,069
35 years$28,410$19,113$12,522$8,028$5,061$1,808
36 years$27,318$18,141$11,714$7,393$4,585$1,580
37 years$26,286$17,230$10,964$6,812$4,156$1,381
38 years$25,312$16,374$10,267$6,279$3,768$1,207
39 years$24,389$15,570$9,619$5,789$3,417$1,055
40 years$23,515$14,814$9,016$5,340$3,099$923
41 years$22,686$14,102$8,454$4,927$2,811$807
42 years$21,898$13,430$7,930$4,547$2,551$705
43 years$21,149$12,796$7,442$4,197$2,315$617
44 years$20,436$12,197$6,985$3,875$2,102$539
45 years$19,757$11,631$6,559$3,579$1,908$472
46 years$19,109$11,096$6,160$3,306$1,732$413
47 years$18,490$10,589$5,788$3,054$1,573$361
48 years$17,899$10,108$5,439$2,822$1,428$316
49 years$17,334$9,653$5,112$2,608$1,297$276
50 years$16,793$9,221$4,806$2,411$1,178$242

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 $5,670 every year, while hoping to spend $58,083 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: 75/9/16 Blend
53$17,200,000$17,200,000$17,200,000$17,200,000
54$18,960,249$18,048,649$17,782,049$20,314,553
55$20,832,394$18,871,233$18,315,947$22,033,663
56$22,893,552$19,732,176$18,865,785$23,909,581
57$25,162,939$20,633,298$19,432,034$25,964,113
58$27,661,733$21,576,504$20,015,182$28,215,022
59$30,413,268$22,563,791$20,615,728$30,681,866
60$33,443,255$23,597,250$21,234,189$33,386,178
61$36,780,028$24,679,076$21,871,094$36,351,670
62$40,454,806$25,811,566$22,526,992$39,604,455
63$44,501,993$26,997,130$23,202,443$43,173,286
64$48,959,499$28,238,292$23,898,027$47,089,829
65$53,869,097$29,537,697$24,614,340$51,388,960
66$59,276,819$30,898,118$25,351,994$56,109,087
67$65,233,390$32,322,462$26,111,622$61,292,514
68$71,794,707$33,813,774$26,893,873$66,985,834
69$79,022,366$35,375,247$27,699,416$73,240,368
70$86,984,240$37,010,227$28,528,939$80,112,645
71$95,755,126$38,722,221$29,383,152$87,664,931
72$105,417,444$40,514,906$30,262,783$95,965,816
73$116,062,021$42,392,134$31,168,584$105,090,856
74$127,788,942$44,357,944$32,101,327$115,123,281
75$140,708,501$46,416,569$33,061,808$126,154,778
76$154,942,234$48,572,448$34,050,845$138,286,355
77$170,624,075$50,830,230$35,069,280$151,629,284
78$187,901,612$53,194,793$36,117,983$166,306,152
79$206,937,485$55,671,246$37,197,843$182,452,012
80$227,910,919$58,264,948$38,309,782$200,215,650
81$251,019,416$60,981,514$39,454,743$219,760,989
82$276,480,620$63,826,831$40,633,700$241,268,629
83$304,534,369$66,807,072$41,847,655$264,937,545
84$335,444,961$69,928,706$43,097,639$290,986,961
85$369,503,649$73,198,514$44,384,711$319,658,412
86$407,031,387$76,623,607$45,709,965$351,218,020
87$448,381,863$80,211,437$47,074,523$385,958,998
88$493,944,835$83,969,820$48,479,542$424,204,410
89$544,149,813$87,906,946$49,926,211$466,310,217
90$599,470,111$92,031,404$51,415,756$512,668,627
91$660,427,315$96,352,196$52,949,437$563,711,789
92$727,596,209$100,878,761$54,528,551$619,915,868
93$801,610,197$105,620,995$56,154,432$681,805,528
94$883,167,286$110,589,272$57,828,454$749,958,879
95$973,036,673$115,794,470$59,552,031$825,012,924
96$1,072,066,006$121,247,992$61,326,617$907,669,561
97$1,181,189,389$126,961,793$63,153,708$998,702,203
98$1,301,436,195$132,948,410$65,034,846$1,098,963,068
99$1,433,940,788$139,220,983$66,971,614$1,209,391,209
100$1,579,953,229$145,793,292$68,965,645$1,331,021,374