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

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,389,757
2 years$723,589$710,113$697,052$684,389$672,106$650,331
3 years$477,601$464,066$451,039$438,495$426,412$405,204
4 years$354,631$341,138$328,241$315,911$304,120$283,644
5 years$280,868$267,456$254,728$242,650$231,188$211,502
6 years$231,709$218,398$205,858$194,049$182,931$164,058
7 years$196,609$183,410$171,069$159,538$148,772$130,719
8 years$170,296$157,217$145,080$133,833$123,420$106,184
9 years$149,842$136,885$124,958$113,996$103,938$87,509
10 years$133,487$120,658$108,941$98,265$88,560$72,926
11 years$120,115$107,415$95,910$85,520$76,165$61,310
12 years$108,980$96,409$85,118$75,013$66,003$51,908
13 years$99,565$87,126$76,047$66,225$57,556$44,202
14 years$91,502$79,195$68,328$58,787$50,453$37,818
15 years$84,521$72,346$61,691$52,428$44,423$32,484
16 years$78,418$66,376$55,932$46,944$39,261$27,994
17 years$73,038$61,130$50,896$42,178$34,812$24,192
18 years$68,262$56,487$46,462$38,011$30,953$20,957
19 years$63,994$52,351$42,533$34,346$27,589$18,190
20 years$60,157$48,648$39,035$31,107$24,643$15,816
21 years$56,690$45,313$35,905$28,232$22,053$13,773
22 years$53,542$42,298$33,092$25,669$19,767$12,009
23 years$50,673$39,561$30,554$23,377$17,744$10,482
24 years$48,046$37,066$28,258$21,322$15,949$9,158
25 years$45,633$34,784$26,172$19,472$14,351$8,008
26 years$43,410$32,692$24,273$17,804$12,927$7,008
27 years$41,355$30,767$22,540$16,297$11,655$6,136
28 years$39,449$28,991$20,954$14,931$10,517$5,376
29 years$37,679$27,350$19,499$13,692$9,496$4,712
30 years$36,030$25,829$18,163$12,566$8,580$4,132
31 years$34,490$24,417$16,933$11,541$7,757$3,625
32 years$33,049$23,104$15,799$10,606$7,017$3,181
33 years$31,698$21,879$14,751$9,753$6,351$2,792
34 years$30,430$20,737$13,783$8,974$5,750$2,451
35 years$29,236$19,669$12,886$8,261$5,208$2,152
36 years$28,112$18,668$12,054$7,608$4,718$1,890
37 years$27,050$17,731$11,283$7,010$4,277$1,661
38 years$26,047$16,850$10,566$6,461$3,877$1,459
39 years$25,098$16,023$9,899$5,958$3,516$1,282
40 years$24,199$15,245$9,278$5,495$3,189$1,127
41 years$23,345$14,511$8,700$5,070$2,893$990
42 years$22,535$13,820$8,161$4,679$2,625$870
43 years$21,764$13,168$7,658$4,319$2,383$765
44 years$21,030$12,552$7,188$3,988$2,163$673
45 years$20,331$11,969$6,750$3,683$1,963$591
46 years$19,664$11,418$6,339$3,402$1,783$520
47 years$19,028$10,896$5,956$3,143$1,619$457
48 years$18,419$10,402$5,597$2,904$1,470$402
49 years$17,838$9,933$5,261$2,684$1,335$353
50 years$17,281$9,489$4,946$2,481$1,213$311

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 $6,225 every year, while hoping to spend $50,520 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: 32/48/20 Blend
53$17,700,000$17,700,000$17,700,000$17,700,000
54$19,511,821$18,573,721$18,299,371$20,014,965
55$21,448,274$19,430,081$18,858,647$21,248,415
56$23,580,552$20,326,708$19,434,966$22,571,043
57$25,928,575$21,265,524$20,028,844$23,994,627
58$28,514,296$22,248,541$20,640,816$25,528,032
59$31,361,902$23,277,867$21,271,431$27,180,963
60$34,498,046$24,355,713$21,921,255$28,964,049
61$37,952,100$25,484,396$22,590,870$30,888,935
62$41,756,428$26,666,345$23,280,878$32,968,381
63$45,946,694$27,904,107$23,991,898$35,216,374
64$50,562,197$29,200,348$24,724,566$37,648,247
65$55,646,243$30,557,866$25,479,541$40,280,817
66$61,246,552$31,979,595$26,257,498$43,132,527
67$67,415,711$33,468,606$27,059,136$46,223,615
68$74,211,669$35,028,122$27,885,171$49,576,285
69$81,698,279$36,661,521$28,736,345$53,214,909
70$89,945,910$38,372,342$29,613,419$57,166,241
71$99,032,103$40,164,297$30,517,179$61,459,659
72$109,042,307$42,041,277$31,448,434$66,127,419
73$120,070,683$44,007,360$32,408,017$71,204,954
74$132,220,994$46,066,822$33,396,787$76,731,185
75$145,607,585$48,224,145$34,415,628$82,748,874
76$160,356,459$50,484,029$35,465,453$89,305,010
77$176,606,471$52,851,400$36,547,198$96,451,234
78$194,510,635$55,331,421$37,661,833$104,244,304
79$214,237,567$57,929,509$38,810,352$112,746,614
80$235,973,082$60,651,338$39,993,782$122,026,761
81$259,921,943$63,502,860$41,213,181$132,160,167
82$286,309,796$66,490,315$42,469,637$143,229,770
83$315,385,298$69,620,243$43,764,272$155,326,783
84$347,422,466$72,899,503$45,098,243$168,551,528
85$382,723,263$76,335,284$46,472,739$183,014,356
86$421,620,447$79,935,125$47,888,988$198,836,660
87$464,480,717$83,706,929$49,348,253$216,151,992
88$511,708,165$87,658,984$50,851,835$235,107,296
89$563,748,102$91,799,978$52,401,075$255,864,257
90$621,091,251$96,139,020$53,997,354$278,600,796
91$684,278,389$100,685,662$55,642,095$303,512,717
92$753,905,443$105,449,918$57,336,764$330,815,512
93$830,629,123$110,442,288$59,082,870$360,746,364
94$915,173,115$115,673,782$60,881,968$393,566,339
95$1,008,334,919$121,155,944$62,735,660$429,562,811
96$1,110,993,373$126,900,877$64,645,597$469,052,128
97$1,224,116,950$132,921,274$66,613,477$512,382,557
98$1,348,772,903$139,230,440$68,641,053$559,937,515
99$1,486,137,338$145,842,331$70,730,127$612,139,144
100$1,637,506,318$152,771,576$72,882,558$669,452,239