Can I retire at age 54 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,394,564
2 years$731,765$718,137$704,928$692,122$679,701$646,829
3 years$482,997$469,310$456,135$443,449$431,230$399,321
4 years$358,638$344,993$331,950$319,480$307,557$276,856
5 years$284,042$270,478$257,607$245,392$233,800$204,394
6 years$234,327$220,866$208,184$196,242$184,998$156,916
7 years$198,831$185,483$173,002$161,341$150,453$123,700
8 years$172,221$158,993$146,720$135,345$124,815$99,381
9 years$151,535$138,432$126,370$115,284$105,112$80,978
10 years$134,996$122,021$110,172$99,376$89,561$66,700
11 years$121,473$108,628$96,994$86,487$77,025$55,406
12 years$110,211$97,499$86,079$75,860$66,749$46,337
13 years$100,690$88,110$76,906$66,973$58,206$38,964
14 years$92,536$80,090$69,101$59,452$51,023$32,910
15 years$85,476$73,164$62,388$53,020$44,925$27,900
16 years$79,304$67,126$56,564$47,474$39,705$23,724
17 years$73,864$61,821$51,471$42,655$35,205$20,225
18 years$69,033$57,125$46,987$38,441$31,303$17,279
19 years$64,717$52,943$43,014$34,734$27,901$14,789
20 years$60,836$49,197$39,476$31,459$24,921$12,677
21 years$57,330$45,825$36,310$28,551$22,302$10,880
22 years$54,147$42,776$33,466$25,959$19,990$9,349
23 years$51,245$40,008$30,900$23,642$17,945$8,041
24 years$48,589$37,485$28,577$21,562$16,129$6,921
25 years$46,149$35,177$26,468$19,692$14,514$5,962
26 years$43,900$33,061$24,548$18,005$13,073$5,138
27 years$41,822$31,114$22,795$16,481$11,787$4,431
28 years$39,895$29,319$21,191$15,100$10,635$3,822
29 years$38,105$27,659$19,720$13,847$9,603$3,299
30 years$36,437$26,121$18,368$12,708$8,677$2,848
31 years$34,879$24,693$17,124$11,671$7,845$2,459
32 years$33,422$23,365$15,977$10,726$7,096$2,124
33 years$32,056$22,127$14,918$9,864$6,422$1,835
34 years$30,773$20,971$13,938$9,075$5,815$1,585
35 years$29,567$19,891$13,031$8,354$5,267$1,370
36 years$28,429$18,879$12,191$7,694$4,772$1,184
37 years$27,356$17,931$11,410$7,089$4,325$1,024
38 years$26,342$17,041$10,685$6,534$3,921$885
39 years$25,382$16,204$10,011$6,025$3,556$765
40 years$24,472$15,417$9,383$5,557$3,225$662
41 years$23,609$14,675$8,798$5,127$2,926$572
42 years$22,789$13,976$8,253$4,732$2,655$495
43 years$22,010$13,317$7,745$4,368$2,409$428
44 years$21,268$12,694$7,270$4,033$2,187$370
45 years$20,561$12,104$6,826$3,725$1,985$320
46 years$19,886$11,547$6,411$3,441$1,803$277
47 years$19,243$11,020$6,023$3,179$1,637$239
48 years$18,628$10,520$5,660$2,937$1,487$207
49 years$18,039$10,046$5,320$2,714$1,350$179
50 years$17,477$9,596$5,002$2,509$1,226$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,900,000, adding $4,395 every year, while hoping to spend $49,572 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: 41/32/27 Blend
53$17,900,000$17,900,000$17,900,000$17,900,000
54$19,730,333$18,781,633$18,504,183$20,382,376
55$21,690,083$19,649,189$19,071,329$21,721,122
56$23,848,066$20,557,594$19,655,813$23,164,283
57$26,224,449$21,508,797$20,258,164$24,725,477
58$28,841,456$22,504,840$20,878,925$26,415,583
59$31,723,574$23,547,867$21,518,658$28,246,540
60$34,897,787$24,640,121$22,177,942$30,231,456
61$38,393,829$25,783,955$22,857,371$32,384,721
62$42,244,467$26,981,836$23,557,560$34,722,138
63$46,485,806$28,236,349$24,279,141$37,261,065
64$51,157,631$29,550,203$25,022,766$40,020,571
65$56,303,787$30,926,240$25,789,106$43,021,604
66$61,972,584$32,367,438$26,578,852$46,287,187
67$68,217,263$33,876,917$27,392,718$49,842,620
68$75,096,487$35,457,950$28,231,438$53,715,714
69$82,674,907$37,113,967$29,095,769$57,937,040
70$91,023,760$38,848,564$29,986,490$62,540,210
71$100,221,551$40,665,511$30,904,405$67,562,184
72$110,354,787$42,568,759$31,850,340$73,043,606
73$121,518,798$44,562,451$32,825,150$79,029,175
74$133,818,636$46,650,931$33,829,712$85,568,060
75$147,370,061$48,838,751$34,864,932$92,714,345
76$162,300,643$51,130,686$35,931,743$100,527,530
77$178,750,957$53,531,738$37,031,105$109,073,080
78$196,875,916$56,047,155$38,164,009$118,423,024
79$216,846,231$58,682,436$39,331,474$128,656,624
80$238,850,020$61,443,349$40,534,552$139,861,105
81$263,094,588$64,335,939$41,774,325$152,132,463
82$289,808,381$67,366,545$43,051,910$165,576,353
83$319,243,142$70,541,812$44,368,455$180,309,072
84$351,676,289$73,868,708$45,725,146$196,458,630
85$387,413,533$77,354,537$47,123,201$214,165,947
86$426,791,764$81,006,960$48,563,878$233,586,158
87$470,182,229$84,834,006$50,048,473$254,890,059
88$517,994,039$88,844,094$51,578,319$278,265,692
89$570,678,029$93,046,054$53,154,792$303,920,101
90$628,731,018$97,449,141$54,779,307$332,081,260
91$692,700,493$102,063,059$56,453,325$363,000,202
92$763,189,779$106,897,985$58,178,347$396,953,356
93$840,863,739$111,964,588$59,955,924$434,245,134
94$926,455,043$117,274,056$61,787,650$475,210,772
95$1,020,771,091$122,838,119$63,675,170$520,219,468
96$1,124,701,632$128,669,076$65,620,178$569,677,827
97$1,239,227,162$134,779,824$67,624,418$624,033,676
98$1,365,428,184$141,183,888$69,689,687$683,780,247
99$1,504,495,406$147,895,445$71,817,839$749,460,805
100$1,657,740,981$154,929,366$74,010,780$821,673,729