Can I retire at age 54 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,385,192
2 years$723,589$710,113$697,052$684,389$672,106$645,777
3 years$477,601$464,066$451,039$438,495$426,412$400,805
4 years$354,631$341,138$328,241$315,911$304,120$279,433
5 years$280,868$267,456$254,728$242,650$231,188$207,490
6 years$231,709$218,398$205,858$194,049$182,931$160,250
7 years$196,609$183,410$171,069$159,538$148,772$127,113
8 years$170,296$157,217$145,080$133,833$123,420$102,779
9 years$149,842$136,885$124,958$113,996$103,938$84,300
10 years$133,487$120,658$108,941$98,265$88,560$69,909
11 years$120,115$107,415$95,910$85,520$76,165$58,478
12 years$108,980$96,409$85,118$75,013$66,003$49,257
13 years$99,565$87,126$76,047$66,225$57,556$41,723
14 years$91,502$79,195$68,328$58,787$50,453$35,505
15 years$84,521$72,346$61,691$52,428$44,423$30,330
16 years$78,418$66,376$55,932$46,944$39,261$25,992
17 years$73,038$61,130$50,896$42,178$34,812$22,335
18 years$68,262$56,487$46,462$38,011$30,953$19,235
19 years$63,994$52,351$42,533$34,346$27,589$16,598
20 years$60,157$48,648$39,035$31,107$24,643$14,346
21 years$56,690$45,313$35,905$28,232$22,053$12,417
22 years$53,542$42,298$33,092$25,669$19,767$10,760
23 years$50,673$39,561$30,554$23,377$17,744$9,334
24 years$48,046$37,066$28,258$21,322$15,949$8,104
25 years$45,633$34,784$26,172$19,472$14,351$7,042
26 years$43,410$32,692$24,273$17,804$12,927$6,123
27 years$41,355$30,767$22,540$16,297$11,655$5,327
28 years$39,449$28,991$20,954$14,931$10,517$4,637
29 years$37,679$27,350$19,499$13,692$9,496$4,038
30 years$36,030$25,829$18,163$12,566$8,580$3,518
31 years$34,490$24,417$16,933$11,541$7,757$3,065
32 years$33,049$23,104$15,799$10,606$7,017$2,672
33 years$31,698$21,879$14,751$9,753$6,351$2,330
34 years$30,430$20,737$13,783$8,974$5,750$2,032
35 years$29,236$19,669$12,886$8,261$5,208$1,772
36 years$28,112$18,668$12,054$7,608$4,718$1,546
37 years$27,050$17,731$11,283$7,010$4,277$1,349
38 years$26,047$16,850$10,566$6,461$3,877$1,177
39 years$25,098$16,023$9,899$5,958$3,516$1,027
40 years$24,199$15,245$9,278$5,495$3,189$897
41 years$23,345$14,511$8,700$5,070$2,893$783
42 years$22,535$13,820$8,161$4,679$2,625$683
43 years$21,764$13,168$7,658$4,319$2,383$596
44 years$21,030$12,552$7,188$3,988$2,163$521
45 years$20,331$11,969$6,750$3,683$1,963$455
46 years$19,664$11,418$6,339$3,402$1,783$397
47 years$19,028$10,896$5,956$3,143$1,619$347
48 years$18,419$10,402$5,597$2,904$1,470$303
49 years$17,838$9,933$5,261$2,684$1,335$264
50 years$17,281$9,489$4,946$2,481$1,213$231

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,700,000, adding $3,638 every year, while hoping to spend $46,597 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: 72/19/9 Blend
53$17,700,000$17,700,000$17,700,000$17,700,000
54$19,509,153$18,571,053$18,296,703$20,882,284
55$21,449,507$19,431,455$18,860,063$22,650,301
56$23,586,216$20,332,456$19,440,735$24,579,375
57$25,939,259$21,275,995$20,039,248$26,690,239
58$28,530,650$22,264,105$20,656,150$29,000,817
59$31,384,649$23,298,919$21,292,003$31,530,833
60$34,527,988$24,382,671$21,947,390$34,301,999
61$37,990,124$25,517,703$22,622,909$37,338,209
62$41,803,517$26,706,471$23,319,176$40,665,766
63$46,003,935$27,951,547$24,036,828$44,313,620
64$50,630,795$29,255,631$24,776,520$48,313,647
65$55,727,529$30,621,551$25,538,927$52,700,934
66$61,342,001$32,052,270$26,324,745$57,514,112
67$67,526,952$33,550,899$27,134,691$62,795,717
68$74,340,503$35,120,694$27,969,504$68,592,581
69$81,846,698$36,765,072$28,829,947$74,956,272
70$90,116,114$38,487,614$29,716,803$81,943,575
71$99,226,524$40,292,073$30,630,882$89,617,022
72$109,263,631$42,182,386$31,573,018$98,045,475
73$120,321,877$44,162,678$32,544,069$107,304,771
74$132,505,334$46,237,275$33,544,922$117,478,429
75$145,928,688$48,410,712$34,576,487$128,658,436
76$160,718,321$50,687,744$35,639,706$140,946,102
77$177,013,501$53,073,354$36,735,547$154,453,012
78$194,967,700$55,572,770$37,865,009$169,302,072
79$214,750,039$58,191,470$39,029,122$185,628,658
80$236,546,890$60,935,199$40,228,944$203,581,887
81$260,563,629$63,809,979$41,465,569$223,326,016
82$287,026,576$66,822,126$42,740,123$245,041,981
83$316,185,137$69,978,260$44,053,767$268,929,096
84$348,314,149$73,285,322$45,407,696$295,206,925
85$383,716,481$76,750,592$46,803,143$324,117,341
86$422,725,891$80,381,700$48,241,378$355,926,801
87$465,710,177$84,186,648$49,723,708$390,928,845
88$513,074,646$88,173,825$51,251,484$429,446,861
89$565,265,945$92,352,027$52,826,093$471,837,118
90$622,776,273$96,730,479$54,448,970$518,492,119
91$686,148,031$101,318,850$56,121,588$569,844,290
92$755,978,939$106,127,282$57,845,470$626,370,050
93$832,927,679$111,166,407$59,622,181$688,594,289
94$917,720,115$116,447,375$61,453,337$757,095,309
95$1,011,156,145$121,981,874$63,340,603$832,510,267
96$1,114,117,250$127,782,165$65,285,691$915,541,168
97$1,227,574,819$133,861,099$67,290,371$1,006,961,476
98$1,352,599,313$140,232,157$69,356,461$1,107,623,397
99$1,490,370,380$146,909,469$71,485,840$1,218,465,900
100$1,642,187,983$153,907,857$73,680,440$1,340,523,563