Can I retire at age 54 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,397,535
2 years$719,501$706,101$693,114$680,522$668,309$662,339
3 years$474,902$461,445$448,491$436,017$424,003$418,161
4 years$352,627$339,211$326,386$314,126$302,402$296,734
5 years$279,281$265,945$253,289$241,279$229,881$224,403
6 years$230,400$217,164$204,695$192,953$181,897$176,616
7 years$195,499$182,374$170,103$158,637$147,931$142,849
8 years$169,334$156,328$144,261$133,077$122,723$117,842
9 years$148,995$136,112$124,252$113,352$103,351$98,668
10 years$132,733$119,976$108,325$97,710$88,060$83,575
11 years$119,437$106,808$95,368$85,037$75,735$71,443
12 years$108,364$95,865$84,637$74,589$65,630$61,530
13 years$99,003$86,634$75,617$65,851$57,231$53,317
14 years$90,985$78,748$67,942$58,455$50,168$46,438
15 years$84,043$71,937$61,343$52,132$44,172$40,620
16 years$77,975$66,001$55,616$46,678$39,039$35,661
17 years$72,626$60,785$50,609$41,940$34,615$31,405
18 years$67,876$56,168$46,199$37,796$30,778$27,731
19 years$63,632$52,056$42,293$34,152$27,433$24,544
20 years$59,817$48,373$38,815$30,932$24,504$21,767
21 years$56,369$45,057$35,702$28,072$21,928$19,339
22 years$53,240$42,059$32,905$25,524$19,655$17,208
23 years$50,386$39,337$30,382$23,245$17,644$15,333
24 years$47,775$36,856$28,098$21,201$15,859$13,678
25 years$45,376$34,588$26,024$19,362$14,270$12,215
26 years$43,165$32,507$24,136$17,704$12,854$10,918
27 years$41,121$30,593$22,413$16,205$11,589$9,768
28 years$39,227$28,828$20,835$14,847$10,457$8,745
29 years$37,466$27,196$19,389$13,615$9,443$7,834
30 years$35,826$25,683$18,060$12,495$8,532$7,022
31 years$34,295$24,279$16,837$11,476$7,714$6,298
32 years$32,862$22,973$15,709$10,547$6,978$5,651
33 years$31,519$21,756$14,668$9,698$6,315$5,072
34 years$30,258$20,620$13,705$8,923$5,717$4,555
35 years$29,071$19,557$12,813$8,214$5,178$4,091
36 years$27,953$18,563$11,986$7,565$4,692$3,676
37 years$26,898$17,630$11,219$6,970$4,252$3,304
38 years$25,900$16,755$10,506$6,425$3,855$2,970
39 years$24,956$15,933$9,843$5,924$3,496$2,671
40 years$24,062$15,159$9,226$5,464$3,171$2,402
41 years$23,213$14,429$8,651$5,041$2,877$2,161
42 years$22,407$13,742$8,115$4,652$2,610$1,944
43 years$21,641$13,093$7,615$4,295$2,369$1,749
44 years$20,911$12,481$7,148$3,966$2,150$1,574
45 years$20,216$11,902$6,711$3,662$1,952$1,416
46 years$19,553$11,354$6,304$3,383$1,772$1,275
47 years$18,920$10,835$5,922$3,125$1,610$1,148
48 years$18,315$10,343$5,565$2,888$1,462$1,033
49 years$17,737$9,877$5,231$2,669$1,328$930
50 years$17,184$9,435$4,918$2,467$1,206$837

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,600,000, adding $2,563 every year, while hoping to spend $41,929 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: 62/17/21 Blend
53$17,600,000$17,600,000$17,600,000$17,600,000
54$19,397,844$18,465,044$18,192,244$20,494,400
55$21,331,812$19,325,219$18,757,072$22,095,461
56$23,461,639$20,226,137$19,339,416$23,837,805
57$25,807,259$21,169,751$19,939,820$25,739,123
58$28,390,638$22,158,106$20,558,842$27,814,911
59$31,235,978$23,193,349$21,197,058$30,082,213
60$34,369,952$24,277,728$21,855,064$32,559,782
61$37,821,951$25,413,600$22,533,473$35,268,253
62$41,624,361$26,603,438$23,232,915$38,230,332
63$45,812,871$27,849,831$23,954,042$41,471,006
64$50,426,808$29,155,496$24,697,527$45,017,775
65$55,509,508$30,523,282$25,464,060$48,900,907
66$61,108,728$31,956,173$26,254,356$53,153,718
67$67,277,091$33,457,298$27,069,150$57,812,881
68$74,072,589$35,029,940$27,909,201$62,918,767
69$81,559,125$36,677,539$28,775,290$68,515,820
70$89,807,117$38,403,700$29,668,225$74,652,974
71$98,894,167$40,212,205$30,588,834$81,384,101
72$108,905,788$42,107,020$31,537,976$88,768,522
73$119,936,214$44,092,299$32,516,534$96,871,553
74$132,089,287$46,172,400$33,525,417$105,765,119
75$145,479,440$48,351,894$34,565,564$115,528,424
76$160,232,776$50,635,570$35,637,943$126,248,690
77$176,488,256$53,028,450$36,743,552$138,021,974
78$194,399,016$55,535,801$37,883,418$150,954,067
79$214,133,805$58,163,145$39,058,602$165,161,480
80$235,878,584$60,916,270$40,270,197$180,772,539
81$259,838,280$63,801,248$41,519,328$197,928,584
82$286,238,717$66,824,441$42,807,158$216,785,296
83$315,328,751$69,992,524$44,134,883$237,514,154
84$347,382,621$73,312,495$45,503,739$260,304,043
85$382,702,531$76,791,690$46,914,997$285,363,027
86$421,621,508$80,437,802$48,369,968$312,920,300
87$464,506,546$84,258,898$49,870,006$343,228,339
88$511,762,066$88,263,436$51,416,504$376,565,272
89$563,833,739$92,460,287$53,010,899$413,237,493
90$621,212,688$96,858,749$54,654,672$453,582,538
91$684,440,130$101,468,575$56,349,351$497,972,257
92$754,112,478$106,299,990$58,096,509$546,816,310
93$830,886,979$111,363,718$59,897,770$600,566,019
94$915,487,912$116,671,002$61,754,807$659,718,610
95$1,008,713,430$122,233,632$63,669,344$724,821,889
96$1,111,443,092$128,063,972$65,643,159$796,479,396
97$1,224,646,168$134,174,987$67,678,085$875,356,087
98$1,349,390,788$140,580,272$69,776,012$962,184,585
99$1,486,854,026$147,294,083$71,938,886$1,057,772,081
100$1,638,333,014$154,331,370$74,168,716$1,163,007,928