Can I retire at age 54 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,390,170
2 years$727,677$714,125$700,990$688,256$675,903$646,591
3 years$480,299$466,688$453,587$440,972$428,821$400,337
4 years$356,634$343,065$330,095$317,696$305,839$278,403
5 years$282,455$268,967$256,167$244,021$232,494$206,184
6 years$233,018$219,632$207,021$195,145$183,964$158,809
7 years$197,720$184,447$172,036$160,440$149,612$125,616
8 years$171,259$158,105$145,900$134,589$124,118$101,274
9 years$150,688$137,659$125,664$114,640$104,525$82,818
10 years$134,242$121,339$109,556$98,821$89,061$68,469
11 years$120,794$108,021$96,452$86,004$76,595$57,093
12 years$109,596$96,954$85,598$75,437$66,376$47,934
13 years$100,128$87,618$76,477$66,599$57,881$40,468
14 years$92,019$79,643$68,715$59,119$50,738$34,321
15 years$84,998$72,755$62,040$52,724$44,674$29,217
16 years$78,861$66,751$56,248$47,209$39,483$24,950
17 years$73,451$61,475$51,184$42,417$35,008$21,363
18 years$68,648$56,806$46,724$38,226$31,128$18,331
19 years$64,355$52,647$42,774$34,540$27,745$15,759
20 years$60,497$48,922$39,256$31,283$24,782$13,570
21 years$57,010$45,569$36,108$28,391$22,177$11,701
22 years$53,845$42,537$33,279$25,814$19,879$10,101
23 years$50,959$39,784$30,727$23,510$17,844$8,728
24 years$48,317$37,275$28,417$21,442$16,039$7,548
25 years$45,891$34,981$26,320$19,582$14,433$6,533
26 years$43,655$32,876$24,411$17,905$13,000$5,658
27 years$41,588$30,941$22,667$16,389$11,721$4,902
28 years$39,672$29,155$21,072$15,016$10,576$4,250
29 years$37,892$27,505$19,610$13,770$9,550$3,686
30 years$36,233$25,975$18,266$12,637$8,629$3,198
31 years$34,684$24,555$17,028$11,606$7,801$2,775
32 years$33,235$23,234$15,888$10,666$7,057$2,409
33 years$31,877$22,003$14,835$9,809$6,386$2,092
34 years$30,602$20,854$13,861$9,025$5,782$1,816
35 years$29,401$19,780$12,959$8,308$5,237$1,578
36 years$28,271$18,774$12,122$7,651$4,745$1,371
37 years$27,203$17,831$11,346$7,050$4,301$1,191
38 years$26,195$16,946$10,625$6,498$3,899$1,035
39 years$25,240$16,114$9,955$5,991$3,536$899
40 years$24,335$15,331$9,331$5,526$3,207$781
41 years$23,477$14,593$8,749$5,099$2,909$679
42 years$22,662$13,898$8,207$4,705$2,640$590
43 years$21,887$13,242$7,701$4,344$2,396$513
44 years$21,149$12,623$7,229$4,011$2,175$446
45 years$20,446$12,037$6,788$3,704$1,974$388
46 years$19,775$11,483$6,375$3,421$1,793$337
47 years$19,135$10,958$5,989$3,161$1,628$293
48 years$18,524$10,461$5,628$2,921$1,478$255
49 years$17,939$9,990$5,290$2,699$1,343$222
50 years$17,379$9,542$4,974$2,495$1,220$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,800,000, adding $2,151 every year, while hoping to spend $59,500 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: 76/18/6 Blend
53$17,800,000$17,800,000$17,800,000$17,800,000
54$19,617,819$18,674,419$18,398,519$21,097,115
55$21,555,529$19,526,158$18,951,562$22,920,895
56$23,688,891$20,417,638$19,521,137$24,911,453
57$26,037,799$21,350,743$20,107,737$27,091,457
58$28,624,174$22,327,449$20,711,865$29,479,669
59$31,472,171$23,349,825$21,334,044$32,096,742
60$34,608,405$24,420,040$21,974,807$34,965,413
61$38,062,207$25,540,366$22,634,708$38,110,707
62$41,865,895$26,713,187$23,314,313$41,560,178
63$46,055,081$27,940,998$24,014,207$45,344,160
64$50,669,008$29,226,416$24,734,992$49,496,051
65$55,750,920$30,572,183$25,477,287$54,052,624
66$61,348,467$31,981,173$26,241,730$59,054,370
67$67,514,159$33,456,399$27,028,976$64,545,878
68$74,305,859$35,001,018$27,839,702$70,576,246
69$81,787,327$36,618,338$28,674,603$77,199,543
70$90,028,827$38,311,829$29,534,395$84,475,317
71$99,107,784$40,085,126$30,419,814$92,469,144
72$109,109,519$41,942,038$31,331,619$101,253,250
73$120,128,053$43,886,561$32,270,591$110,907,181
74$132,266,992$45,922,880$33,237,533$121,518,551
75$145,640,508$48,055,384$34,233,273$133,183,861
76$160,374,414$50,288,672$35,258,662$146,009,404
77$176,607,354$52,627,567$36,314,577$160,112,261
78$194,492,109$55,077,122$37,401,920$175,621,400
79$214,197,038$57,642,636$38,521,619$192,678,886
80$235,907,673$60,329,662$39,674,630$211,441,210
81$259,828,463$63,144,022$40,861,937$232,080,764
82$286,184,706$66,091,819$42,084,552$254,787,457
83$315,224,679$69,179,452$43,343,518$279,770,498
84$347,221,977$72,413,625$44,639,907$307,260,361
85$382,478,098$75,801,372$45,974,822$337,510,952
86$421,325,286$79,350,062$47,349,401$370,801,997
87$464,129,672$83,067,421$48,764,813$407,441,669
88$511,294,725$86,961,552$50,222,261$447,769,486
89$563,265,064$91,040,945$51,722,984$492,159,505
90$620,530,654$95,314,504$53,268,257$541,023,843
91$683,631,429$99,791,563$54,859,392$594,816,551
92$753,162,393$104,481,908$56,497,739$654,037,886
93$829,779,232$109,395,796$58,184,689$719,239,025
94$914,204,509$114,543,986$59,921,671$791,027,247
95$1,007,234,479$119,937,751$61,710,157$870,071,653
96$1,109,746,612$125,588,917$63,551,663$957,109,468
97$1,222,707,869$131,509,877$65,447,747$1,052,952,981
98$1,347,183,839$137,713,628$67,400,014$1,158,497,196
99$1,484,348,791$144,213,796$69,410,114$1,274,728,262
100$1,635,496,761$151,024,666$71,479,747$1,402,732,767