Can I retire at age 54 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,342,760
2 years$715,413$702,089$689,176$676,656$664,512$612,015
3 years$472,204$458,823$445,942$433,540$421,594$370,965
4 years$350,624$337,283$324,532$312,341$300,684$252,311
5 years$277,695$264,434$251,850$239,908$228,575$182,582
6 years$229,091$215,930$203,532$191,856$180,864$137,282
7 years$194,388$181,338$169,136$157,736$147,091$105,908
8 years$168,372$155,440$143,441$132,321$122,026$83,204
9 years$148,149$135,339$123,546$112,708$102,763$66,247
10 years$131,979$119,294$107,710$97,155$87,560$53,282
11 years$118,758$106,201$94,826$84,554$75,304$43,189
12 years$107,749$95,320$84,156$74,165$65,257$35,223
13 years$98,440$86,142$75,188$65,477$56,905$28,866
14 years$90,468$78,300$67,556$58,123$49,883$23,748
15 years$83,566$71,529$60,994$51,836$43,921$19,599
16 years$77,532$65,626$55,300$46,413$38,817$16,217
17 years$72,213$60,439$50,321$41,702$34,418$13,446
18 years$67,491$55,849$45,937$37,582$30,603$11,167
19 years$63,271$51,760$42,053$33,958$27,277$9,288
20 years$59,477$48,098$38,594$30,756$24,364$7,734
21 years$56,049$44,801$35,499$27,913$21,803$6,447
22 years$52,937$41,820$32,718$25,379$19,544$5,377
23 years$50,100$39,114$30,209$23,113$17,544$4,489
24 years$47,503$36,647$27,938$21,081$15,769$3,749
25 years$45,118$34,391$25,877$19,252$14,189$3,132
26 years$42,919$32,322$23,999$17,603$12,781$2,618
27 years$40,887$30,419$22,285$16,113$11,523$2,189
28 years$39,004$28,664$20,717$14,763$10,398$1,831
29 years$37,253$27,041$19,279$13,538$9,389$1,532
30 years$35,622$25,537$17,958$12,424$8,483$1,282
31 years$34,100$24,141$16,741$11,411$7,670$1,073
32 years$32,675$22,843$15,620$10,487$6,938$898
33 years$31,340$21,632$14,585$9,643$6,279$751
34 years$30,086$20,502$13,627$8,873$5,685$629
35 years$28,906$19,446$12,740$8,168$5,149$527
36 years$27,794$18,457$11,918$7,522$4,665$441
37 years$26,745$17,530$11,155$6,931$4,228$369
38 years$25,753$16,660$10,446$6,388$3,833$309
39 years$24,815$15,842$9,787$5,890$3,476$259
40 years$23,925$15,072$9,173$5,433$3,153$217
41 years$23,082$14,347$8,602$5,013$2,860$182
42 years$22,280$13,664$8,069$4,626$2,596$152
43 years$21,518$13,019$7,571$4,270$2,356$127
44 years$20,792$12,410$7,107$3,943$2,138$107
45 years$20,101$11,834$6,673$3,641$1,941$89
46 years$19,442$11,289$6,268$3,364$1,762$75
47 years$18,813$10,773$5,888$3,108$1,600$63
48 years$18,211$10,285$5,534$2,872$1,453$52
49 years$17,636$9,821$5,201$2,654$1,320$44
50 years$17,086$9,382$4,890$2,453$1,199$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,500,000, adding $3,335 every year, while hoping to spend $30,550 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: 35/44/21 Blend
53$17,500,000$17,500,000$17,500,000$17,500,000
54$19,288,440$18,360,940$18,089,690$19,840,102
55$21,223,356$19,228,121$18,663,190$21,113,435
56$23,354,609$20,136,770$19,254,878$22,483,339
57$25,702,195$21,088,887$19,865,331$23,960,819
58$28,288,144$22,086,568$20,495,145$25,555,471
59$31,136,736$23,132,012$21,144,934$27,277,807
60$34,274,726$24,227,523$21,815,332$29,139,348
61$37,731,595$25,375,518$22,506,993$31,152,723
62$41,539,832$26,578,532$23,220,591$33,331,778
63$45,735,236$27,839,222$23,956,822$35,691,699
64$50,357,259$29,160,373$24,716,405$38,249,145
65$55,449,375$30,544,907$25,500,080$41,022,391
66$61,059,491$31,995,887$26,308,612$44,031,497
67$67,240,399$33,516,525$27,142,790$47,298,477
68$74,050,273$35,110,188$28,003,427$50,847,500
69$81,553,222$36,780,409$28,891,364$54,705,107
70$89,819,892$38,530,890$29,807,465$58,900,441
71$98,928,131$40,365,514$30,752,625$63,465,515
72$108,963,729$42,288,352$31,727,767$68,435,499
73$120,021,223$44,303,675$32,733,841$73,849,031
74$132,204,792$46,415,960$33,771,829$79,748,575
75$145,629,239$48,629,900$34,842,744$86,180,795
76$160,421,076$50,950,420$35,947,630$93,196,988
77$176,719,717$53,382,682$37,087,567$100,853,540
78$194,678,793$55,932,098$38,263,665$109,212,449
79$214,467,606$58,604,347$39,477,074$118,341,884
80$236,272,722$61,405,380$40,728,976$128,316,807
81$260,299,736$64,341,440$42,020,594$139,219,664
82$286,775,213$67,419,074$43,353,187$151,141,135
83$315,948,823$70,645,147$44,728,057$164,180,969
84$348,095,701$74,026,857$46,146,545$178,448,901
85$383,519,043$77,571,755$47,610,035$194,065,657
86$422,552,971$81,287,756$49,119,956$211,164,073
87$465,565,681$85,183,163$50,677,782$229,890,314
88$512,962,925$89,266,682$52,285,032$250,405,228
89$565,191,839$93,547,445$53,943,276$272,885,829
90$622,745,162$98,035,026$55,654,132$297,526,938
91$686,165,893$102,739,467$57,419,270$324,542,987
92$756,052,412$107,671,298$59,240,413$354,170,006
93$833,064,129$112,841,563$61,119,338$386,667,814
94$917,927,715$118,261,844$63,057,881$422,322,429
95$1,011,443,954$123,944,287$65,057,932$461,448,732
96$1,114,495,310$129,901,629$67,121,445$504,393,393
97$1,228,054,251$136,147,229$69,250,433$551,538,096
98$1,353,192,439$142,695,097$71,446,976$603,303,097
99$1,491,090,835$149,559,924$73,713,218$660,151,143
100$1,643,050,861$156,757,121$76,051,371$722,591,781