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

Use the below retirement simulation to view the chances of a successful retirement.
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%18%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,334,832
2 years$707,237$694,065$681,300$668,923$656,917$612,308
3 years$466,808$453,579$440,846$428,585$416,775$373,651
4 years$346,617$333,429$320,823$308,772$297,248$255,939
5 years$274,521$261,412$248,972$237,166$225,963$186,580
6 years$226,473$213,463$201,206$189,664$178,797$141,372
7 years$192,166$179,266$167,203$155,933$145,410$109,939
8 years$166,448$153,664$141,802$130,808$120,631$87,090
9 years$146,455$133,792$122,134$111,420$101,589$69,938
10 years$130,471$117,931$106,479$96,045$86,559$56,750
11 years$117,401$104,987$93,742$83,588$74,444$46,421
12 years$106,517$94,231$83,194$73,318$64,511$38,213
13 years$97,315$85,157$74,328$64,729$56,255$31,617
14 years$89,434$77,405$66,784$57,459$49,313$26,267
15 years$82,611$70,711$60,297$51,243$43,419$21,895
16 years$76,646$64,876$54,668$45,883$38,374$18,301
17 years$71,388$59,749$49,746$41,225$34,025$15,331
18 years$66,719$55,210$45,412$37,152$30,253$12,867
19 years$62,547$51,168$41,572$33,570$26,965$10,816
20 years$58,797$47,548$38,153$30,404$24,086$9,104
21 years$55,409$44,289$35,093$27,594$21,554$7,671
22 years$52,332$41,342$32,344$25,089$19,320$6,469
23 years$49,527$38,667$29,864$22,849$17,343$5,460
24 years$46,960$36,228$27,619$20,840$15,588$4,611
25 years$44,602$33,998$25,581$19,032$14,027$3,896
26 years$42,429$31,953$23,725$17,402$12,635$3,294
27 years$40,420$30,071$22,031$15,928$11,392$2,785
28 years$38,558$28,336$20,480$14,594$10,279$2,356
29 years$36,827$26,732$19,059$13,383$9,282$1,994
30 years$35,215$25,246$17,752$12,282$8,386$1,688
31 years$33,710$23,865$16,550$11,280$7,582$1,429
32 years$32,302$22,581$15,442$10,367$6,859$1,210
33 years$30,982$21,385$14,418$9,533$6,207$1,024
34 years$29,742$20,268$13,471$8,771$5,620$868
35 years$28,576$19,224$12,595$8,074$5,090$735
36 years$27,476$18,246$11,782$7,436$4,612$622
37 years$26,439$17,330$11,028$6,852$4,180$527
38 years$25,459$16,470$10,327$6,315$3,789$447
39 years$24,531$15,661$9,675$5,823$3,436$378
40 years$23,652$14,900$9,069$5,371$3,117$321
41 years$22,818$14,184$8,503$4,955$2,828$272
42 years$22,025$13,508$7,977$4,573$2,566$230
43 years$21,272$12,870$7,485$4,222$2,329$195
44 years$20,555$12,268$7,026$3,898$2,114$165
45 years$19,872$11,699$6,597$3,600$1,919$140
46 years$19,220$11,160$6,196$3,325$1,742$119
47 years$18,598$10,650$5,821$3,072$1,582$101
48 years$18,003$10,167$5,470$2,839$1,437$85
49 years$17,435$9,709$5,142$2,624$1,305$72
50 years$16,891$9,274$4,834$2,425$1,185$61

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 $2,663 every year, while hoping to spend $52,426 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: 34/44/22 Blend
53$17,300,000$17,300,000$17,300,000$17,300,000
54$19,067,347$18,150,447$17,882,297$19,587,397
55$20,956,435$18,984,038$18,425,573$20,807,201
56$23,036,454$19,856,718$18,985,292$22,116,711
57$25,326,822$20,770,347$19,561,949$23,527,790
58$27,848,938$21,726,874$20,156,054$25,049,472
59$30,626,381$22,728,342$20,768,133$26,691,653
60$33,685,134$23,776,893$21,398,728$28,465,181
61$37,053,829$24,874,772$22,048,396$30,381,946
62$40,764,013$26,024,330$22,717,712$32,454,985
63$44,850,454$27,228,033$23,407,266$34,698,596
64$49,351,459$28,488,466$24,117,669$37,128,466
65$54,309,244$29,808,337$24,849,547$39,761,803
66$59,770,327$31,190,485$25,603,547$42,617,496
67$65,785,969$32,637,888$26,380,335$45,716,275
68$72,412,658$34,153,664$27,180,595$49,080,902
69$79,712,639$35,741,083$28,005,035$52,736,368
70$87,754,505$37,403,574$28,854,381$56,710,122
71$96,613,844$39,144,728$29,729,382$61,032,314
72$106,373,950$40,968,314$30,630,810$65,736,065
73$117,126,609$42,878,277$31,559,459$70,857,771
74$128,972,969$44,878,759$32,516,146$76,437,424
75$142,024,490$46,974,096$33,501,715$82,518,982
76$156,403,999$49,168,838$34,517,034$89,150,763
77$172,246,848$51,467,752$35,562,995$96,385,883
78$189,702,191$53,875,836$36,640,520$104,282,744
79$208,934,393$56,398,331$37,750,556$112,905,565
80$230,124,581$59,040,729$38,894,080$122,324,968
81$253,472,353$61,808,789$40,072,096$132,618,626
82$279,197,662$64,708,549$41,285,641$143,871,972
83$307,542,893$67,746,338$42,535,779$156,178,987
84$338,775,151$70,928,791$43,823,611$169,643,063
85$373,188,780$74,262,865$45,150,265$184,377,953
86$411,108,143$77,755,854$46,516,907$200,508,820
87$452,890,686$81,415,403$47,924,736$218,173,395
88$498,930,309$85,249,530$49,374,986$237,523,246
89$549,661,082$89,266,639$50,868,931$258,725,178
90$605,561,351$93,475,543$52,407,879$281,962,784
91$667,158,245$97,885,481$53,993,179$307,438,140
92$735,032,656$102,506,139$55,626,220$335,373,681
93$809,824,721$107,347,674$57,308,432$366,014,267
94$892,239,867$112,420,734$59,041,289$399,629,459
95$983,055,468$117,736,485$60,826,307$436,516,020
96$1,083,128,185$123,306,632$62,665,047$477,000,684
97$1,193,402,053$129,143,449$64,559,119$521,443,192
98$1,314,917,390$135,259,807$66,510,178$570,239,648
99$1,448,820,625$141,669,198$68,519,930$623,826,212
100$1,596,375,112$148,385,772$70,590,131$682,683,168