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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,362,273
2 years$711,325$698,077$685,238$672,789$660,714$635,389
3 years$469,506$456,201$443,394$431,063$419,184$394,549
4 years$348,620$335,356$322,677$310,556$298,966$275,211
5 years$276,108$262,923$250,411$238,537$227,269$204,462
6 years$227,782$214,697$202,369$190,760$179,830$157,997
7 years$193,277$180,302$168,170$156,834$146,250$125,396
8 years$167,410$154,552$142,621$131,564$121,329$101,449
9 years$147,302$134,565$122,840$112,064$102,176$83,260
10 years$131,225$118,613$107,094$96,600$87,059$69,088
11 years$118,079$105,594$94,284$84,071$74,874$57,828
12 years$107,133$94,775$83,675$73,741$64,884$48,741
13 years$97,878$85,649$74,758$65,103$56,580$41,313
14 years$89,951$77,853$67,170$57,791$49,598$35,180
15 years$83,088$71,120$60,646$51,539$43,670$30,073
16 years$77,089$65,251$54,984$46,148$38,596$25,790
17 years$71,800$60,094$50,034$41,463$34,221$22,177
18 years$67,105$55,529$45,674$37,367$30,428$19,113
19 years$62,909$51,464$41,813$33,764$27,121$16,505
20 years$59,137$47,823$38,373$30,580$24,225$14,276
21 years$55,729$44,545$35,296$27,753$21,679$12,366
22 years$52,635$41,581$32,531$25,234$19,432$10,724
23 years$49,814$38,890$30,036$22,981$17,443$9,310
24 years$47,232$36,438$27,779$20,960$15,678$8,090
25 years$44,860$34,195$25,729$19,142$14,108$7,035
26 years$42,674$32,138$23,862$17,502$12,708$6,122
27 years$40,654$30,245$22,158$16,020$11,457$5,330
28 years$38,781$28,500$20,599$14,678$10,338$4,644
29 years$37,040$26,886$19,169$13,460$9,335$4,047
30 years$35,419$25,391$17,855$12,353$8,435$3,528
31 years$33,905$24,003$16,646$11,345$7,626$3,077
32 years$32,489$22,712$15,531$10,427$6,898$2,685
33 years$31,161$21,509$14,501$9,588$6,243$2,343
34 years$29,914$20,385$13,549$8,822$5,652$2,045
35 years$28,741$19,335$12,667$8,121$5,119$1,785
36 years$27,635$18,352$11,850$7,479$4,639$1,559
37 years$26,592$17,430$11,091$6,891$4,204$1,361
38 years$25,606$16,565$10,387$6,352$3,811$1,189
39 years$24,673$15,751$9,731$5,857$3,456$1,038
40 years$23,789$14,986$9,121$5,402$3,135$907
41 years$22,950$14,266$8,553$4,984$2,844$792
42 years$22,153$13,586$8,023$4,600$2,581$692
43 years$21,395$12,945$7,528$4,246$2,342$605
44 years$20,674$12,339$7,066$3,920$2,126$529
45 years$19,986$11,766$6,635$3,621$1,930$462
46 years$19,331$11,225$6,232$3,344$1,752$404
47 years$18,705$10,712$5,855$3,090$1,591$353
48 years$18,107$10,226$5,502$2,855$1,445$308
49 years$17,536$9,765$5,171$2,639$1,312$269
50 years$16,988$9,328$4,862$2,439$1,192$235

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 $2,527 every year, while hoping to spend $41,156 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: 55/29/16 Blend
53$17,400,000$17,400,000$17,400,000$17,400,000
54$19,177,407$18,255,207$17,985,507$20,150,729
55$21,089,712$19,105,922$18,544,231$21,664,475
56$23,195,694$19,996,943$19,120,294$23,307,330
57$25,515,063$20,930,202$19,714,232$25,095,327
58$28,069,540$21,907,722$20,326,599$27,042,339
59$30,883,060$22,931,627$20,957,967$29,163,613
60$33,981,997$24,004,142$21,608,924$31,475,909
61$37,395,415$25,127,599$22,280,077$33,997,653
62$41,155,340$26,304,444$22,972,053$36,749,102
63$45,297,063$27,537,241$23,685,495$39,752,534
64$49,859,475$28,828,677$24,421,071$43,032,448
65$54,885,429$30,181,570$25,179,464$46,615,789
66$60,422,150$31,598,873$25,961,383$50,532,193
67$66,521,676$33,083,685$26,767,556$54,814,266
68$73,241,352$34,639,250$27,598,734$59,497,875
69$80,644,370$36,268,975$28,455,693$64,622,486
70$88,800,368$37,976,426$29,339,230$70,231,523
71$97,786,080$39,765,346$30,250,169$76,372,770
72$107,686,070$41,639,657$31,189,359$83,098,814
73$118,593,522$43,603,473$32,157,675$90,467,530
74$130,611,123$45,661,105$33,156,019$98,542,619
75$143,852,033$47,817,074$34,185,321$107,394,195
76$158,440,950$50,076,121$35,246,540$117,099,440
77$174,515,292$52,443,216$36,340,664$127,743,317
78$192,226,487$54,923,569$37,468,712$139,419,361
79$211,741,410$57,522,645$38,631,734$152,230,551
80$233,243,951$60,246,172$39,830,815$166,290,265
81$256,936,756$63,100,156$41,067,069$181,723,338
82$283,043,137$66,090,896$42,341,648$198,667,227
83$311,809,183$69,224,996$43,655,739$217,273,291
84$343,506,078$72,509,379$45,010,565$237,708,205
85$378,432,666$75,951,307$46,407,387$260,155,513
86$416,918,269$79,558,391$47,847,505$284,817,351
87$459,325,795$83,338,615$49,332,259$311,916,326
88$506,055,167$87,300,349$50,863,031$341,697,608
89$557,547,097$91,452,369$52,441,245$374,431,216
90$614,287,244$95,803,878$54,068,370$410,414,553
91$676,810,802$100,364,527$55,745,920$449,975,186
92$745,707,550$105,144,435$57,475,455$493,473,915
93$821,627,421$110,154,214$59,258,583$541,308,160
94$905,286,637$115,404,988$61,096,964$593,915,683
95$997,474,468$120,908,428$62,992,307$651,778,693
96$1,099,060,690$126,676,766$64,946,375$715,428,373
97$1,211,003,786$132,722,834$66,960,984$785,449,866
98$1,334,360,004$139,060,084$69,038,009$862,487,765
99$1,470,293,321$145,702,625$71,179,379$947,252,170
100$1,620,086,438$152,665,252$73,387,087$1,040,525,354