Can I retire at age 54 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,357,821
2 years$711,325$698,077$685,238$672,789$660,714$630,958
3 years$469,506$456,201$443,394$431,063$419,184$390,279
4 years$348,620$335,356$322,677$310,556$298,966$271,134
5 years$276,108$262,923$250,411$238,537$227,269$200,590
6 years$227,782$214,697$202,369$190,760$179,830$154,332
7 years$193,277$180,302$168,170$156,834$146,250$121,938
8 years$167,410$154,552$142,621$131,564$121,329$98,194
9 years$147,302$134,565$122,840$112,064$102,176$80,203
10 years$131,225$118,613$107,094$96,600$87,059$66,225
11 years$118,079$105,594$94,284$84,071$74,874$55,152
12 years$107,133$94,775$83,675$73,741$64,884$46,245
13 years$97,878$85,649$74,758$65,103$56,580$38,990
14 years$89,951$77,853$67,170$57,791$49,598$33,022
15 years$83,088$71,120$60,646$51,539$43,670$28,073
16 years$77,089$65,251$54,984$46,148$38,596$23,939
17 years$71,800$60,094$50,034$41,463$34,221$20,467
18 years$67,105$55,529$45,674$37,367$30,428$17,537
19 years$62,909$51,464$41,813$33,764$27,121$15,054
20 years$59,137$47,823$38,373$30,580$24,225$12,944
21 years$55,729$44,545$35,296$27,753$21,679$11,144
22 years$52,635$41,581$32,531$25,234$19,432$9,605
23 years$49,814$38,890$30,036$22,981$17,443$8,287
24 years$47,232$36,438$27,779$20,960$15,678$7,155
25 years$44,860$34,195$25,729$19,142$14,108$6,183
26 years$42,674$32,138$23,862$17,502$12,708$5,346
27 years$40,654$30,245$22,158$16,020$11,457$4,625
28 years$38,781$28,500$20,599$14,678$10,338$4,003
29 years$37,040$26,886$19,169$13,460$9,335$3,466
30 years$35,419$25,391$17,855$12,353$8,435$3,002
31 years$33,905$24,003$16,646$11,345$7,626$2,601
32 years$32,489$22,712$15,531$10,427$6,898$2,254
33 years$31,161$21,509$14,501$9,588$6,243$1,954
34 years$29,914$20,385$13,549$8,822$5,652$1,694
35 years$28,741$19,335$12,667$8,121$5,119$1,469
36 years$27,635$18,352$11,850$7,479$4,639$1,274
37 years$26,592$17,430$11,091$6,891$4,204$1,105
38 years$25,606$16,565$10,387$6,352$3,811$958
39 years$24,673$15,751$9,731$5,857$3,456$831
40 years$23,789$14,986$9,121$5,402$3,135$721
41 years$22,950$14,266$8,553$4,984$2,844$626
42 years$22,153$13,586$8,023$4,600$2,581$543
43 years$21,395$12,945$7,528$4,246$2,342$471
44 years$20,674$12,339$7,066$3,920$2,126$409
45 years$19,986$11,766$6,635$3,621$1,930$355
46 years$19,331$11,225$6,232$3,344$1,752$308
47 years$18,705$10,712$5,855$3,090$1,591$267
48 years$18,107$10,226$5,502$2,855$1,445$232
49 years$17,536$9,765$5,171$2,639$1,312$201
50 years$16,988$9,328$4,862$2,439$1,192$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,400,000, adding $6,802 every year, while hoping to spend $32,117 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: 63/15/22 Blend
53$17,400,000$17,400,000$17,400,000$17,400,000
54$19,181,816$18,259,616$17,989,916$20,280,131
55$21,104,189$19,120,165$18,558,406$21,882,676
56$23,221,568$20,021,805$19,144,864$23,627,988
57$25,553,809$20,966,514$19,749,858$25,533,465
58$28,122,793$21,956,369$20,373,974$27,614,758
59$30,952,632$22,993,545$21,017,816$29,889,085
60$34,069,896$24,080,325$21,682,009$32,375,395
61$37,503,865$25,219,099$22,367,195$35,094,538
62$41,286,801$26,412,377$23,074,038$38,069,459
63$45,454,259$27,662,789$23,803,223$41,325,412
64$50,045,419$28,973,090$24,555,456$44,890,190
65$55,103,454$30,346,174$25,331,466$48,794,390
66$60,675,941$31,785,071$26,132,005$53,071,690
67$66,815,307$33,292,960$26,957,847$57,759,164
68$73,579,326$34,873,173$27,809,794$62,897,629
69$81,031,665$36,529,206$28,688,669$68,532,024
70$89,242,481$38,264,723$29,595,326$74,711,826
71$98,289,086$40,083,566$30,530,641$81,491,515
72$108,256,676$41,989,765$31,495,521$88,931,079
73$119,239,137$43,987,543$32,490,901$97,096,576
74$131,339,928$46,081,332$33,517,745$106,060,751
75$144,673,059$48,275,776$34,577,048$115,903,713
76$159,364,168$50,575,745$35,669,836$126,713,688
77$175,551,706$52,986,349$36,797,167$138,587,841
78$193,388,242$55,512,943$37,960,135$151,633,186
79$213,041,909$58,161,143$39,159,866$165,967,592
80$234,697,984$60,936,839$40,397,521$181,720,878
81$258,560,641$63,846,207$41,674,301$199,036,042
82$284,854,878$66,895,722$42,991,441$218,070,589
83$313,828,640$70,092,178$44,350,220$238,998,017
84$345,755,161$73,442,694$45,751,952$262,009,441
85$380,935,541$76,954,740$47,197,996$287,315,388
86$419,701,590$80,636,146$48,689,753$315,147,772
87$462,418,961$84,495,126$50,228,668$345,762,070
88$509,490,600$88,540,292$51,816,234$379,439,727
89$561,360,551$92,780,676$53,453,987$416,490,796
90$618,518,147$97,225,749$55,143,515$457,256,852
91$681,502,630$101,885,443$56,886,455$502,114,207
92$750,908,243$106,770,174$58,684,496$551,477,440
93$827,389,838$111,890,867$60,539,380$605,803,306
94$911,669,057$117,258,975$62,452,905$665,595,023
95$1,004,541,148$122,886,512$64,426,925$731,407,012
96$1,106,882,471$128,786,077$66,463,353$803,850,112
97$1,219,658,770$134,970,881$68,564,162$883,597,328
98$1,343,934,291$141,454,781$70,731,388$971,390,168
99$1,480,881,831$148,252,308$72,967,132$1,068,045,621
100$1,631,793,806$155,378,699$75,273,559$1,174,463,852