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%13.6%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,358,911
2 years$707,237$694,065$681,300$668,923$656,917$636,194
3 years$466,808$453,579$440,846$428,585$416,775$396,589
4 years$346,617$333,429$320,823$308,772$297,248$277,754
5 years$274,521$261,412$248,972$237,166$225,963$207,218
6 years$226,473$213,463$201,206$189,664$178,797$160,823
7 years$192,166$179,266$167,203$155,933$145,410$128,212
8 years$166,448$153,664$141,802$130,808$120,631$104,208
9 years$146,455$133,792$122,134$111,420$101,589$85,932
10 years$130,471$117,931$106,479$96,045$86,559$71,655
11 years$117,401$104,987$93,742$83,588$74,444$60,279
12 years$106,517$94,231$83,194$73,318$64,511$51,068
13 years$97,315$85,157$74,328$64,729$56,255$43,515
14 years$89,434$77,405$66,784$57,459$49,313$37,255
15 years$82,611$70,711$60,297$51,243$43,419$32,022
16 years$76,646$64,876$54,668$45,883$38,374$27,616
17 years$71,388$59,749$49,746$41,225$34,025$23,882
18 years$66,719$55,210$45,412$37,152$30,253$20,703
19 years$62,547$51,168$41,572$33,570$26,965$17,983
20 years$58,797$47,548$38,153$30,404$24,086$15,648
21 years$55,409$44,289$35,093$27,594$21,554$13,636
22 years$52,332$41,342$32,344$25,089$19,320$11,899
23 years$49,527$38,667$29,864$22,849$17,343$10,394
24 years$46,960$36,228$27,619$20,840$15,588$9,089
25 years$44,602$33,998$25,581$19,032$14,027$7,954
26 years$42,429$31,953$23,725$17,402$12,635$6,966
27 years$40,420$30,071$22,031$15,928$11,392$6,104
28 years$38,558$28,336$20,480$14,594$10,279$5,352
29 years$36,827$26,732$19,059$13,383$9,282$4,695
30 years$35,215$25,246$17,752$12,282$8,386$4,121
31 years$33,710$23,865$16,550$11,280$7,582$3,618
32 years$32,302$22,581$15,442$10,367$6,859$3,177
33 years$30,982$21,385$14,418$9,533$6,207$2,791
34 years$29,742$20,268$13,471$8,771$5,620$2,452
35 years$28,576$19,224$12,595$8,074$5,090$2,155
36 years$27,476$18,246$11,782$7,436$4,612$1,895
37 years$26,439$17,330$11,028$6,852$4,180$1,666
38 years$25,459$16,470$10,327$6,315$3,789$1,465
39 years$24,531$15,661$9,675$5,823$3,436$1,288
40 years$23,652$14,900$9,069$5,371$3,117$1,133
41 years$22,818$14,184$8,503$4,955$2,828$997
42 years$22,025$13,508$7,977$4,573$2,566$877
43 years$21,272$12,870$7,485$4,222$2,329$771
44 years$20,555$12,268$7,026$3,898$2,114$679
45 years$19,872$11,699$6,597$3,600$1,919$597
46 years$19,220$11,160$6,196$3,325$1,742$525
47 years$18,598$10,650$5,821$3,072$1,582$462
48 years$18,003$10,167$5,470$2,839$1,437$407
49 years$17,435$9,709$5,142$2,624$1,305$358
50 years$16,891$9,274$4,834$2,425$1,185$315

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 $2,228 every year, while hoping to spend $28,887 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: 55/38/7 Blend
53$17,300,000$17,300,000$17,300,000$17,300,000
54$19,066,898$18,149,998$17,881,848$20,084,884
55$20,980,986$19,008,613$18,450,155$21,630,934
56$23,089,343$19,908,331$19,036,531$23,309,951
57$25,411,754$20,851,137$19,641,552$25,137,232
58$27,970,020$21,839,110$20,265,812$27,126,865
59$30,788,167$22,874,431$20,909,922$29,294,324
60$33,892,669$23,959,387$21,574,513$31,656,612
61$37,312,700$25,096,375$22,260,237$34,232,414
62$41,080,407$26,287,910$22,967,767$37,042,267
63$45,231,218$27,536,627$23,697,797$40,108,744
64$49,804,170$28,845,290$24,451,041$43,456,659
65$54,842,284$30,216,798$25,228,240$47,113,295
66$60,392,966$31,654,189$26,030,154$51,108,652
67$66,508,455$33,160,651$26,857,571$55,475,720
68$73,246,319$34,739,524$27,711,301$60,250,782
69$80,669,996$36,394,314$28,592,183$65,473,744
70$88,849,394$38,128,694$29,501,079$71,188,505
71$97,861,549$39,946,516$30,438,882$77,443,356
72$107,791,353$41,851,822$31,406,511$84,291,429
73$118,732,357$43,848,847$32,404,915$91,791,182
74$130,787,651$45,942,035$33,435,073$100,006,940
75$144,070,841$48,136,043$34,497,997$109,009,488
76$158,707,115$50,435,758$35,594,729$118,876,728
77$174,834,432$52,846,301$36,726,343$129,694,396
78$192,604,820$55,373,046$37,893,952$141,556,857
79$212,185,812$58,021,626$39,098,700$154,567,983
80$233,762,027$60,797,948$40,341,768$168,842,111
81$257,536,914$63,708,207$41,624,378$184,505,110
82$283,734,671$66,758,901$42,947,786$201,695,547
83$312,602,362$69,956,842$44,313,291$220,565,978
84$344,412,251$73,309,174$45,722,234$241,284,366
85$379,464,368$76,823,392$47,175,997$264,035,647
86$418,089,346$80,507,351$48,676,005$289,023,453
87$460,651,540$84,369,291$50,223,732$316,472,011
88$507,552,466$88,417,855$51,820,696$346,628,235
89$559,234,592$92,662,105$53,468,463$379,764,029
90$616,185,515$97,111,543$55,168,652$416,178,833
91$678,942,566$101,776,137$56,922,931$456,202,417
92$748,097,880$106,666,339$58,733,020$500,197,964
93$824,303,985$111,793,112$60,600,698$548,565,470
94$908,279,967$117,167,950$62,527,797$601,745,489
95$1,000,818,254$122,802,909$64,516,208$660,223,254
96$1,102,792,098$128,710,634$66,567,884$724,533,225
97$1,215,163,822$134,904,385$68,684,838$795,264,097
98$1,338,993,900$141,398,068$70,869,148$873,064,317
99$1,475,450,971$148,206,267$73,122,958$958,648,168
100$1,625,822,875$155,344,279$75,448,482$1,052,802,465