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%15.4%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,356,714
2 years$711,325$698,077$685,238$672,789$660,714$629,858
3 years$469,506$456,201$443,394$431,063$419,184$389,221
4 years$348,620$335,356$322,677$310,556$298,966$270,126
5 years$276,108$262,923$250,411$238,537$227,269$199,635
6 years$227,782$214,697$202,369$190,760$179,830$153,430
7 years$193,277$180,302$168,170$156,834$146,250$121,088
8 years$167,410$154,552$142,621$131,564$121,329$97,397
9 years$147,302$134,565$122,840$112,064$102,176$79,456
10 years$131,225$118,613$107,094$96,600$87,059$65,527
11 years$118,079$105,594$94,284$84,071$74,874$54,502
12 years$107,133$94,775$83,675$73,741$64,884$45,640
13 years$97,878$85,649$74,758$65,103$56,580$38,429
14 years$89,951$77,853$67,170$57,791$49,598$32,503
15 years$83,088$71,120$60,646$51,539$43,670$27,593
16 years$77,089$65,251$54,984$46,148$38,596$23,496
17 years$71,800$60,094$50,034$41,463$34,221$20,060
18 years$67,105$55,529$45,674$37,367$30,428$17,163
19 years$62,909$51,464$41,813$33,764$27,121$14,711
20 years$59,137$47,823$38,373$30,580$24,225$12,629
21 years$55,729$44,545$35,296$27,753$21,679$10,856
22 years$52,635$41,581$32,531$25,234$19,432$9,343
23 years$49,814$38,890$30,036$22,981$17,443$8,048
24 years$47,232$36,438$27,779$20,960$15,678$6,938
25 years$44,860$34,195$25,729$19,142$14,108$5,986
26 years$42,674$32,138$23,862$17,502$12,708$5,167
27 years$40,654$30,245$22,158$16,020$11,457$4,463
28 years$38,781$28,500$20,599$14,678$10,338$3,856
29 years$37,040$26,886$19,169$13,460$9,335$3,334
30 years$35,419$25,391$17,855$12,353$8,435$2,883
31 years$33,905$24,003$16,646$11,345$7,626$2,493
32 years$32,489$22,712$15,531$10,427$6,898$2,157
33 years$31,161$21,509$14,501$9,588$6,243$1,867
34 years$29,914$20,385$13,549$8,822$5,652$1,616
35 years$28,741$19,335$12,667$8,121$5,119$1,399
36 years$27,635$18,352$11,850$7,479$4,639$1,211
37 years$26,592$17,430$11,091$6,891$4,204$1,048
38 years$25,606$16,565$10,387$6,352$3,811$908
39 years$24,673$15,751$9,731$5,857$3,456$786
40 years$23,789$14,986$9,121$5,402$3,135$681
41 years$22,950$14,266$8,553$4,984$2,844$590
42 years$22,153$13,586$8,023$4,600$2,581$511
43 years$21,395$12,945$7,528$4,246$2,342$443
44 years$20,674$12,339$7,066$3,920$2,126$383
45 years$19,986$11,766$6,635$3,621$1,930$332
46 years$19,331$11,225$6,232$3,344$1,752$288
47 years$18,705$10,712$5,855$3,090$1,591$249
48 years$18,107$10,226$5,502$2,855$1,445$216
49 years$17,536$9,765$5,171$2,639$1,312$187
50 years$16,988$9,328$4,862$2,439$1,192$162

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 $3,939 every year, while hoping to spend $28,598 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: 42/36/22 Blend
53$17,400,000$17,400,000$17,400,000$17,400,000
54$19,178,863$18,256,663$17,986,963$19,860,611
55$21,104,679$19,120,812$18,559,098$21,210,720
56$23,225,970$20,026,345$19,149,442$22,668,795
57$25,562,644$20,975,260$19,758,573$24,247,215
58$28,136,638$21,969,653$20,387,090$25,957,060
59$30,972,128$23,011,719$21,035,610$27,810,489
60$34,095,753$24,103,761$21,704,771$29,820,848
61$37,536,869$25,248,194$22,395,230$32,002,783
62$41,327,824$26,447,550$23,107,664$34,372,377
63$45,504,265$27,704,483$23,842,774$36,947,293
64$50,105,475$29,021,778$24,601,282$39,746,925
65$55,174,741$30,402,353$25,383,933$42,792,582
66$60,759,765$31,849,269$26,191,495$46,107,672
67$66,913,114$33,365,736$27,024,763$49,717,918
68$73,692,714$34,955,119$27,884,555$53,651,588
69$81,162,398$36,620,947$28,771,715$57,939,751
70$89,392,510$38,366,921$29,687,115$62,616,561
71$98,460,568$40,196,922$30,631,655$67,719,566
72$108,451,994$42,115,019$31,606,263$73,290,050
73$119,460,920$44,125,478$32,611,896$79,373,413
74$131,591,083$46,232,775$33,649,543$86,019,580
75$144,956,793$48,441,601$34,720,223$93,283,465
76$159,684,025$50,756,878$35,824,989$101,225,469
77$175,911,595$53,183,765$36,964,926$109,912,039
78$193,792,481$55,727,673$38,141,154$119,416,278
79$213,495,262$58,394,277$39,354,831$129,818,616
80$235,205,709$61,189,526$40,607,147$141,207,553
81$259,128,540$64,119,662$41,899,336$153,680,478
82$285,489,353$67,191,227$43,232,665$167,344,568
83$314,536,754$70,411,085$44,608,447$182,317,776
84$346,544,707$73,786,431$46,028,033$198,729,929
85$381,815,114$77,324,814$47,492,820$216,723,927
86$420,680,672$81,034,146$49,004,246$236,457,073
87$463,508,011$84,922,730$50,563,799$258,102,528
88$510,701,153$88,999,268$52,173,010$281,850,928
89$562,705,327$93,272,889$53,833,463$307,912,148
90$620,011,176$97,753,166$55,546,790$336,517,265
91$683,159,384$102,450,139$57,314,675$367,920,703
92$752,745,782$107,374,336$59,138,857$402,402,608
93$829,426,972$112,536,800$61,021,130$440,271,460
94$913,926,529$117,949,109$62,963,344$481,866,952
95$1,007,041,829$123,623,409$64,967,409$527,563,162
96$1,109,651,575$129,572,435$67,035,296$577,772,047
97$1,222,724,096$135,809,545$69,169,040$632,947,297
98$1,347,326,489$142,348,748$71,370,737$693,588,572
99$1,484,634,688$149,204,734$73,642,555$760,246,183
100$1,635,944,572$156,392,912$75,986,726$833,526,243