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%16.8%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,364,542
2 years$719,501$706,101$693,114$680,522$668,309$629,401
3 years$474,902$461,445$448,491$436,017$424,003$386,312
4 years$352,627$339,211$326,386$314,126$302,402$266,219
5 years$279,281$265,945$253,289$241,279$229,881$195,304
6 years$230,400$217,164$204,695$192,953$181,897$148,959
7 years$195,499$182,374$170,103$158,637$147,931$116,633
8 years$169,334$156,328$144,261$133,077$122,723$93,048
9 years$148,995$136,112$124,252$113,352$103,351$75,270
10 years$132,733$119,976$108,325$97,710$88,060$61,537
11 years$119,437$106,808$95,368$85,037$75,735$50,727
12 years$108,364$95,865$84,637$74,589$65,630$42,091
13 years$99,003$86,634$75,617$65,851$57,231$35,110
14 years$90,985$78,748$67,942$58,455$50,168$29,412
15 years$84,043$71,937$61,343$52,132$44,172$24,725
16 years$77,975$66,001$55,616$46,678$39,039$20,845
17 years$72,626$60,785$50,609$41,940$34,615$17,617
18 years$67,876$56,168$46,199$37,796$30,778$14,918
19 years$63,632$52,056$42,293$34,152$27,433$12,654
20 years$59,817$48,373$38,815$30,932$24,504$10,748
21 years$56,369$45,057$35,702$28,072$21,928$9,141
22 years$53,240$42,059$32,905$25,524$19,655$7,781
23 years$50,386$39,337$30,382$23,245$17,644$6,630
24 years$47,775$36,856$28,098$21,201$15,859$5,653
25 years$45,376$34,588$26,024$19,362$14,270$4,822
26 years$43,165$32,507$24,136$17,704$12,854$4,116
27 years$41,121$30,593$22,413$16,205$11,589$3,515
28 years$39,227$28,828$20,835$14,847$10,457$3,003
29 years$37,466$27,196$19,389$13,615$9,443$2,566
30 years$35,826$25,683$18,060$12,495$8,532$2,194
31 years$34,295$24,279$16,837$11,476$7,714$1,875
32 years$32,862$22,973$15,709$10,547$6,978$1,604
33 years$31,519$21,756$14,668$9,698$6,315$1,372
34 years$30,258$20,620$13,705$8,923$5,717$1,173
35 years$29,071$19,557$12,813$8,214$5,178$1,004
36 years$27,953$18,563$11,986$7,565$4,692$859
37 years$26,898$17,630$11,219$6,970$4,252$735
38 years$25,900$16,755$10,506$6,425$3,855$629
39 years$24,956$15,933$9,843$5,924$3,496$538
40 years$24,062$15,159$9,226$5,464$3,171$461
41 years$23,213$14,429$8,651$5,041$2,877$394
42 years$22,407$13,742$8,115$4,652$2,610$338
43 years$21,641$13,093$7,615$4,295$2,369$289
44 years$20,911$12,481$7,148$3,966$2,150$247
45 years$20,216$11,902$6,711$3,662$1,952$212
46 years$19,553$11,354$6,304$3,383$1,772$181
47 years$18,920$10,835$5,922$3,125$1,610$155
48 years$18,315$10,343$5,565$2,888$1,462$133
49 years$17,737$9,877$5,231$2,669$1,328$114
50 years$17,184$9,435$4,918$2,467$1,206$97

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 $6,177 every year, while hoping to spend $47,368 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: 71/20/9 Blend
53$17,600,000$17,600,000$17,600,000$17,600,000
54$19,401,572$18,468,772$18,195,972$20,746,881
55$21,330,133$19,323,342$18,755,137$22,491,964
56$23,453,819$20,218,199$19,331,448$24,395,061
57$25,792,485$21,155,267$19,925,427$26,476,865
58$28,368,005$22,136,561$20,537,615$28,754,966
59$31,204,485$23,164,197$21,168,569$31,248,719
60$34,328,490$24,240,389$21,818,863$33,979,428
61$37,769,288$25,367,461$22,489,088$36,970,537
62$41,559,137$26,547,848$23,179,853$40,247,850
63$45,733,577$27,784,100$23,891,787$43,839,769
64$50,331,775$29,078,895$24,625,535$47,777,563
65$55,396,891$30,435,036$25,381,765$52,095,649
66$60,976,484$31,855,462$26,161,165$56,831,920
67$67,122,962$33,343,257$26,964,441$62,028,093
68$73,894,078$34,901,650$27,792,323$67,730,103
69$81,353,472$36,534,029$28,645,563$73,988,521
70$89,571,273$38,243,943$29,524,937$80,859,037
71$98,624,761$40,035,115$30,431,241$88,402,970
72$108,599,098$41,911,447$31,365,299$96,687,849
73$119,588,128$43,877,029$32,327,958$105,788,036
74$131,695,264$45,936,151$33,320,091$115,785,425
75$145,034,466$48,093,307$34,342,600$126,770,207
76$159,731,315$50,353,213$35,396,410$138,841,716
77$175,924,197$52,720,808$36,482,478$152,109,352
78$193,765,612$55,201,275$37,601,788$166,693,615
79$213,423,612$57,800,045$38,755,355$182,727,224
80$235,083,386$60,522,813$39,944,225$200,356,369
81$258,949,010$63,375,549$41,169,475$219,742,074
82$285,245,371$66,364,513$42,432,215$241,061,715
83$314,220,294$69,496,269$43,733,589$264,510,676
84$346,146,875$72,777,698$45,074,776$290,304,189
85$381,326,065$76,216,014$46,456,990$318,679,349
86$420,089,508$79,818,782$47,881,482$349,897,344
87$462,802,669$83,593,934$49,349,543$384,245,908
88$509,868,289$87,549,785$50,862,501$422,042,022
89$561,730,185$91,695,054$52,421,725$463,634,891
90$618,877,437$96,038,885$54,028,626$509,409,235
91$681,849,008$100,590,863$55,684,658$559,788,893
92$751,238,831$105,361,040$57,391,318$615,240,819
93$827,701,414$110,359,953$59,150,150$676,279,470
94$911,958,022$115,598,654$60,962,743$743,471,642
95$1,004,803,482$121,088,730$62,830,737$817,441,810
96$1,107,113,690$126,842,331$64,755,819$898,877,998
97$1,219,853,878$132,872,196$66,739,730$988,538,257
98$1,344,087,723$139,191,684$68,784,262$1,087,257,801
99$1,480,987,397$145,814,802$70,891,260$1,195,956,870
100$1,631,844,624$152,756,240$73,062,630$1,315,649,394