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%15.1%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,350,569
2 years$707,237$694,065$681,300$668,923$656,917$627,879
3 years$466,808$453,579$440,846$428,585$416,775$388,563
4 years$346,617$333,429$320,823$308,772$297,248$270,079
5 years$274,521$261,412$248,972$237,166$225,963$199,914
6 years$226,473$213,463$201,206$189,664$178,797$153,896
7 years$192,166$179,266$167,203$155,933$145,410$121,662
8 years$166,448$153,664$141,802$130,808$120,631$98,029
9 years$146,455$133,792$122,134$111,420$101,589$80,116
10 years$130,471$117,931$106,479$96,045$86,559$66,194
11 years$117,401$104,987$93,742$83,588$74,444$55,161
12 years$106,517$94,231$83,194$73,318$64,511$46,282
13 years$97,315$85,157$74,328$64,729$56,255$39,048
14 years$89,434$77,405$66,784$57,459$49,313$33,094
15 years$82,611$70,711$60,297$51,243$43,419$28,153
16 years$76,646$64,876$54,668$45,883$38,374$24,024
17 years$71,388$59,749$49,746$41,225$34,025$20,555
18 years$66,719$55,210$45,412$37,152$30,253$17,625
19 years$62,547$51,168$41,572$33,570$26,965$15,141
20 years$58,797$47,548$38,153$30,404$24,086$13,028
21 years$55,409$44,289$35,093$27,594$21,554$11,225
22 years$52,332$41,342$32,344$25,089$19,320$9,682
23 years$49,527$38,667$29,864$22,849$17,343$8,360
24 years$46,960$36,228$27,619$20,840$15,588$7,224
25 years$44,602$33,998$25,581$19,032$14,027$6,248
26 years$42,429$31,953$23,725$17,402$12,635$5,406
27 years$40,420$30,071$22,031$15,928$11,392$4,681
28 years$38,558$28,336$20,480$14,594$10,279$4,054
29 years$36,827$26,732$19,059$13,383$9,282$3,513
30 years$35,215$25,246$17,752$12,282$8,386$3,046
31 years$33,710$23,865$16,550$11,280$7,582$2,641
32 years$32,302$22,581$15,442$10,367$6,859$2,291
33 years$30,982$21,385$14,418$9,533$6,207$1,987
34 years$29,742$20,268$13,471$8,771$5,620$1,724
35 years$28,576$19,224$12,595$8,074$5,090$1,496
36 years$27,476$18,246$11,782$7,436$4,612$1,299
37 years$26,439$17,330$11,028$6,852$4,180$1,127
38 years$25,459$16,470$10,327$6,315$3,789$979
39 years$24,531$15,661$9,675$5,823$3,436$850
40 years$23,652$14,900$9,069$5,371$3,117$738
41 years$22,818$14,184$8,503$4,955$2,828$641
42 years$22,025$13,508$7,977$4,573$2,566$557
43 years$21,272$12,870$7,485$4,222$2,329$483
44 years$20,555$12,268$7,026$3,898$2,114$420
45 years$19,872$11,699$6,597$3,600$1,919$365
46 years$19,220$11,160$6,196$3,325$1,742$317
47 years$18,598$10,650$5,821$3,072$1,582$275
48 years$18,003$10,167$5,470$2,839$1,437$239
49 years$17,435$9,709$5,142$2,624$1,305$208
50 years$16,891$9,274$4,834$2,425$1,185$180

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 $3,524 every year, while hoping to spend $52,063 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: 46/34/20 Blend
53$17,300,000$17,300,000$17,300,000$17,300,000
54$19,068,235$18,151,335$17,883,185$19,836,124
55$20,957,800$18,985,356$18,426,877$21,207,974
56$23,038,356$19,858,499$18,987,038$22,689,972
57$25,329,329$20,772,626$19,564,164$24,296,763
58$27,852,125$21,729,688$20,158,768$26,040,000
59$30,630,330$22,731,732$20,771,375$27,932,477
60$33,689,938$23,780,900$21,402,530$29,988,248
61$37,059,587$24,879,440$22,052,790$32,222,748
62$40,770,839$26,029,707$22,722,733$34,652,935
63$44,858,471$27,234,168$23,412,950$37,297,441
64$49,360,804$28,495,412$24,124,054$40,176,741
65$54,320,069$29,816,151$24,856,673$43,313,341
66$59,782,800$31,199,225$25,611,455$46,731,976
67$65,800,275$32,647,617$26,389,068$50,459,843
68$72,429,000$34,164,447$27,190,199$54,526,841
69$79,731,244$35,752,991$28,015,557$58,965,850
70$87,775,624$37,416,680$28,865,870$63,813,027
71$96,637,751$39,159,111$29,741,891$69,108,141
72$106,400,950$40,984,056$30,644,392$74,894,934
73$117,157,038$42,895,466$31,574,170$81,221,527
74$129,007,198$44,897,486$32,532,047$88,140,858
75$142,062,928$46,994,459$33,518,867$95,711,172
76$156,447,099$49,190,939$34,535,501$103,996,559
77$172,295,108$51,491,700$35,582,845$113,067,542
78$189,756,162$53,901,746$36,661,823$123,001,734
79$208,994,682$56,426,324$37,773,386$133,884,551
80$230,191,858$59,070,932$38,918,513$145,810,005
81$253,547,357$61,841,337$40,098,213$158,881,578
82$279,281,209$64,743,585$41,313,525$173,213,177
83$307,635,883$67,784,010$42,565,518$188,930,197
84$338,878,575$70,969,259$43,855,295$206,170,682
85$373,303,732$74,306,295$45,183,990$225,086,613
86$411,235,831$77,802,422$46,552,772$245,845,319
87$453,032,440$81,465,295$47,962,844$268,631,039
88$499,087,596$85,302,941$49,415,446$293,646,638
89$549,835,522$89,323,776$50,911,855$321,115,496
90$605,754,727$93,536,624$52,453,384$351,283,600
91$667,372,525$97,950,734$54,041,388$384,421,834
92$735,270,009$102,575,806$55,677,261$420,828,515
93$810,087,539$107,422,010$57,362,439$460,832,176
94$892,530,787$112,500,007$59,098,399$504,794,648
95$983,377,397$117,820,978$60,886,665$553,114,434
96$1,083,484,328$123,396,642$62,728,805$606,230,451
97$1,193,795,943$129,239,291$64,626,434$664,626,131
98$1,315,352,924$135,361,811$66,581,214$728,833,958
99$1,449,302,095$141,777,712$68,594,857$799,440,452
100$1,596,907,251$148,501,163$70,669,127$877,091,676