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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,359,612
2 years$719,501$706,101$693,114$680,522$668,309$624,535
3 years$474,902$461,445$448,491$436,017$424,003$381,664
4 years$352,627$339,211$326,386$314,126$302,402$261,823
5 years$279,281$265,945$253,289$241,279$229,881$191,172
6 years$230,400$217,164$204,695$192,953$181,897$145,090
7 years$195,499$182,374$170,103$158,637$147,931$113,024
8 years$169,334$156,328$144,261$133,077$122,723$89,692
9 years$148,995$136,112$124,252$113,352$103,351$72,160
10 years$132,733$119,976$108,325$97,710$88,060$58,663
11 years$119,437$106,808$95,368$85,037$75,735$48,078
12 years$108,364$95,865$84,637$74,589$65,630$39,657
13 years$99,003$86,634$75,617$65,851$57,231$32,878
14 years$90,985$78,748$67,942$58,455$50,168$27,372
15 years$84,043$71,937$61,343$52,132$44,172$22,864
16 years$77,975$66,001$55,616$46,678$39,039$19,152
17 years$72,626$60,785$50,609$41,940$34,615$16,080
18 years$67,876$56,168$46,199$37,796$30,778$13,526
19 years$63,632$52,056$42,293$34,152$27,433$11,395
20 years$59,817$48,373$38,815$30,932$24,504$9,613
21 years$56,369$45,057$35,702$28,072$21,928$8,119
22 years$53,240$42,059$32,905$25,524$19,655$6,863
23 years$50,386$39,337$30,382$23,245$17,644$5,806
24 years$47,775$36,856$28,098$21,201$15,859$4,915
25 years$45,376$34,588$26,024$19,362$14,270$4,163
26 years$43,165$32,507$24,136$17,704$12,854$3,528
27 years$41,121$30,593$22,413$16,205$11,589$2,991
28 years$39,227$28,828$20,835$14,847$10,457$2,536
29 years$37,466$27,196$19,389$13,615$9,443$2,151
30 years$35,826$25,683$18,060$12,495$8,532$1,825
31 years$34,295$24,279$16,837$11,476$7,714$1,549
32 years$32,862$22,973$15,709$10,547$6,978$1,315
33 years$31,519$21,756$14,668$9,698$6,315$1,116
34 years$30,258$20,620$13,705$8,923$5,717$948
35 years$29,071$19,557$12,813$8,214$5,178$805
36 years$27,953$18,563$11,986$7,565$4,692$683
37 years$26,898$17,630$11,219$6,970$4,252$580
38 years$25,900$16,755$10,506$6,425$3,855$493
39 years$24,956$15,933$9,843$5,924$3,496$419
40 years$24,062$15,159$9,226$5,464$3,171$356
41 years$23,213$14,429$8,651$5,041$2,877$302
42 years$22,407$13,742$8,115$4,652$2,610$257
43 years$21,641$13,093$7,615$4,295$2,369$218
44 years$20,911$12,481$7,148$3,966$2,150$185
45 years$20,216$11,902$6,711$3,662$1,952$157
46 years$19,553$11,354$6,304$3,383$1,772$134
47 years$18,920$10,835$5,922$3,125$1,610$114
48 years$18,315$10,343$5,565$2,888$1,462$96
49 years$17,737$9,877$5,231$2,669$1,328$82
50 years$17,184$9,435$4,918$2,467$1,206$70

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 $6,102 every year, while hoping to spend $59,110 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: 58/37/5 Blend
53$17,600,000$17,600,000$17,600,000$17,600,000
54$19,401,494$18,468,694$18,195,894$20,508,689
55$21,317,554$19,310,768$18,742,564$22,093,904
56$23,427,071$20,192,122$19,305,566$23,813,553
57$25,749,715$21,114,618$19,885,386$25,686,266
58$28,307,161$22,080,209$20,482,521$27,726,681
59$31,123,292$23,090,940$21,097,486$29,950,885
60$34,224,425$24,148,954$21,730,809$32,376,556
61$37,639,561$25,256,497$22,383,036$35,023,132
62$41,400,654$26,415,924$23,054,726$37,911,978
63$45,542,918$27,629,701$23,746,456$41,066,590
64$50,105,153$28,900,414$24,458,820$44,512,802
65$55,130,117$30,230,773$25,192,429$48,279,026
66$60,664,926$31,623,618$25,947,912$52,396,513
67$66,761,499$33,081,925$26,725,918$56,899,635
68$73,477,048$34,608,816$27,527,112$61,826,206
69$80,874,618$36,207,559$28,352,182$67,217,827
70$89,023,683$37,881,583$29,201,833$73,120,268
71$98,000,797$39,634,479$30,076,793$79,583,895
72$107,890,322$41,470,012$30,977,810$86,664,127
73$118,785,223$43,392,131$31,905,654$94,421,955
74$130,787,941$45,404,971$32,861,119$102,924,503
75$144,011,366$47,512,869$33,845,021$112,245,650
76$158,579,896$49,720,370$34,858,200$122,466,716
77$174,630,616$52,032,239$35,901,520$133,677,214
78$192,314,590$54,453,470$36,975,872$145,975,682
79$211,798,286$56,989,298$38,082,172$159,470,599
80$233,265,149$59,645,211$39,221,363$174,281,396
81$256,917,330$62,426,963$40,394,415$190,539,563
82$282,977,597$65,340,583$41,602,327$208,389,875
83$311,691,434$68,392,394$42,846,127$227,991,745
84$343,329,361$71,589,022$44,126,873$249,520,706
85$378,189,487$74,937,415$45,445,654$273,170,048
86$416,600,322$78,444,856$46,803,591$299,152,629
87$458,923,881$82,118,980$48,201,837$327,702,856
88$505,559,099$85,967,791$49,641,580$359,078,881
89$556,945,595$89,999,682$51,124,042$393,565,014
90$613,567,827$94,223,448$52,650,479$431,474,378
91$675,959,662$98,648,312$54,222,185$473,151,846
92$744,709,412$103,283,945$55,840,494$518,977,269
93$820,465,396$108,140,482$57,506,774$569,369,029
94$903,942,052$113,228,551$59,222,437$624,787,966
95$995,926,687$118,559,296$60,988,934$685,741,695
96$1,097,286,905$124,144,397$62,807,759$752,789,366
97$1,208,978,799$129,996,102$64,680,449$826,546,909
98$1,332,055,978$136,127,253$66,608,585$907,692,814
99$1,467,679,512$142,551,312$68,593,797$996,974,501
100$1,617,128,892$149,282,396$70,637,759$1,095,215,337