Can I retire at age 54 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,356,114
2 years$707,237$694,065$681,300$668,923$656,917$633,402
3 years$466,808$453,579$440,846$428,585$416,775$393,889
4 years$346,617$333,429$320,823$308,772$297,248$275,167
5 years$274,521$261,412$248,972$237,166$225,963$204,751
6 years$226,473$213,463$201,206$189,664$178,797$158,478
7 years$192,166$179,266$167,203$155,933$145,410$125,990
8 years$166,448$153,664$141,802$130,808$120,631$102,107
9 years$146,455$133,792$122,134$111,420$101,589$83,949
10 years$130,471$117,931$106,479$96,045$86,559$69,789
11 years$117,401$104,987$93,742$83,588$74,444$58,525
12 years$106,517$94,231$83,194$73,318$64,511$49,423
13 years$97,315$85,157$74,328$64,729$56,255$41,975
14 years$89,434$77,405$66,784$57,459$49,313$35,816
15 years$82,611$70,711$60,297$51,243$43,419$30,680
16 years$76,646$64,876$54,668$45,883$38,374$26,366
17 years$71,388$59,749$49,746$41,225$34,025$22,721
18 years$66,719$55,210$45,412$37,152$30,253$19,625
19 years$62,547$51,168$41,572$33,570$26,965$16,984
20 years$58,797$47,548$38,153$30,404$24,086$14,724
21 years$55,409$44,289$35,093$27,594$21,554$12,783
22 years$52,332$41,342$32,344$25,089$19,320$11,111
23 years$49,527$38,667$29,864$22,849$17,343$9,669
24 years$46,960$36,228$27,619$20,840$15,588$8,421
25 years$44,602$33,998$25,581$19,032$14,027$7,341
26 years$42,429$31,953$23,725$17,402$12,635$6,403
27 years$40,420$30,071$22,031$15,928$11,392$5,589
28 years$38,558$28,336$20,480$14,594$10,279$4,880
29 years$36,827$26,732$19,059$13,383$9,282$4,264
30 years$35,215$25,246$17,752$12,282$8,386$3,727
31 years$33,710$23,865$16,550$11,280$7,582$3,258
32 years$32,302$22,581$15,442$10,367$6,859$2,850
33 years$30,982$21,385$14,418$9,533$6,207$2,493
34 years$29,742$20,268$13,471$8,771$5,620$2,181
35 years$28,576$19,224$12,595$8,074$5,090$1,909
36 years$27,476$18,246$11,782$7,436$4,612$1,671
37 years$26,439$17,330$11,028$6,852$4,180$1,463
38 years$25,459$16,470$10,327$6,315$3,789$1,281
39 years$24,531$15,661$9,675$5,823$3,436$1,122
40 years$23,652$14,900$9,069$5,371$3,117$982
41 years$22,818$14,184$8,503$4,955$2,828$861
42 years$22,025$13,508$7,977$4,573$2,566$754
43 years$21,272$12,870$7,485$4,222$2,329$660
44 years$20,555$12,268$7,026$3,898$2,114$578
45 years$19,872$11,699$6,597$3,600$1,919$507
46 years$19,220$11,160$6,196$3,325$1,742$444
47 years$18,598$10,650$5,821$3,072$1,582$389
48 years$18,003$10,167$5,470$2,839$1,437$341
49 years$17,435$9,709$5,142$2,624$1,305$299
50 years$16,891$9,274$4,834$2,425$1,185$262

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,300,000, adding $4,380 every year, while hoping to spend $28,735 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: 69/10/21 Blend
53$17,300,000$17,300,000$17,300,000$17,300,000
54$19,069,118$18,152,218$17,884,068$20,285,040
55$20,983,594$19,011,103$18,452,610$21,957,149
56$23,092,384$19,911,110$19,039,236$23,782,439
57$25,415,277$20,854,224$19,644,520$25,779,102
58$27,974,080$21,842,526$20,269,057$27,964,069
59$30,792,824$22,878,198$20,913,458$30,355,972
60$33,897,990$23,963,527$21,578,356$32,975,325
61$37,318,758$25,100,913$22,264,405$35,844,709
62$41,087,284$26,292,871$22,972,275$38,988,986
63$45,239,004$27,542,038$23,702,663$42,435,526
64$49,812,964$28,851,180$24,456,284$46,214,467
65$54,852,196$30,223,197$25,233,879$50,358,993
66$60,404,116$31,661,129$26,036,209$54,905,643
67$66,520,977$33,168,166$26,864,064$59,894,654
68$73,260,360$34,747,650$27,718,254$65,370,339
69$80,685,719$36,403,087$28,599,618$71,381,494
70$88,866,978$38,138,154$29,509,021$77,981,863
71$97,881,192$39,956,706$30,447,355$85,230,635
72$107,813,274$41,862,785$31,415,542$93,193,000
73$118,756,797$43,860,630$32,414,531$101,940,759
74$130,814,876$45,954,687$33,445,303$111,553,000
75$144,101,143$48,149,616$34,508,871$122,116,834
76$158,740,818$50,450,306$35,606,277$133,728,216
77$174,871,893$52,861,882$36,738,598$146,492,842
78$192,646,432$55,389,721$37,906,947$160,527,146
79$212,232,009$58,039,458$39,112,471$175,959,387
80$233,813,287$60,817,004$40,356,352$192,930,857
81$257,593,765$63,728,560$41,639,812$211,597,206
82$283,797,694$66,780,625$42,964,111$232,129,908
83$312,672,199$69,980,015$44,330,549$254,717,868
84$344,489,608$73,333,881$45,740,467$279,569,201
85$379,550,026$76,849,719$47,195,251$306,913,187
86$418,184,164$80,535,391$48,696,327$337,002,427
87$460,756,466$84,399,142$50,245,171$370,115,222
88$507,668,544$88,449,619$51,843,303$406,558,187
89$559,362,974$92,695,889$53,492,292$446,669,141
90$616,327,472$97,147,461$55,193,758$490,820,281
91$679,099,497$101,814,309$56,949,372$539,421,690
92$748,271,326$106,706,892$58,760,857$592,925,195
93$824,495,649$111,836,176$60,629,993$651,828,625
94$908,491,722$117,213,667$62,558,615$716,680,494
95$1,001,052,167$122,851,426$64,548,618$788,085,172
96$1,103,050,448$128,762,105$66,601,956$866,708,576
97$1,215,449,118$134,958,973$68,720,646$953,284,441
98$1,339,308,910$141,455,944$70,906,769$1,048,621,238
99$1,475,798,746$148,267,612$73,162,473$1,153,609,791
100$1,626,206,775$155,409,283$75,489,973$1,269,231,669