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%12%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,415,412
2 years$731,765$718,137$704,928$692,122$679,701$667,647
3 years$482,997$469,310$456,135$443,449$431,230$419,456
4 years$358,638$344,993$331,950$319,480$307,557$296,153
5 years$284,042$270,478$257,607$245,392$233,800$222,800
6 years$234,327$220,866$208,184$196,242$184,998$174,415
7 years$198,831$185,483$173,002$161,341$150,453$140,292
8 years$172,221$158,993$146,720$135,345$124,815$115,077
9 years$151,535$138,432$126,370$115,284$105,112$95,793
10 years$134,996$122,021$110,172$99,376$89,561$80,656
11 years$121,473$108,628$96,994$86,487$77,025$68,528
12 years$110,211$97,499$86,079$75,860$66,749$58,650
13 years$100,690$88,110$76,906$66,973$58,206$50,498
14 years$92,536$80,090$69,101$59,452$51,023$43,696
15 years$85,476$73,164$62,388$53,020$44,925$37,967
16 years$79,304$67,126$56,564$47,474$39,705$33,107
17 years$73,864$61,821$51,471$42,655$35,205$28,955
18 years$69,033$57,125$46,987$38,441$31,303$25,389
19 years$64,717$52,943$43,014$34,734$27,901$22,311
20 years$60,836$49,197$39,476$31,459$24,921$19,644
21 years$57,330$45,825$36,310$28,551$22,302$17,325
22 years$54,147$42,776$33,466$25,959$19,990$15,301
23 years$51,245$40,008$30,900$23,642$17,945$13,531
24 years$48,589$37,485$28,577$21,562$16,129$11,979
25 years$46,149$35,177$26,468$19,692$14,514$10,616
26 years$43,900$33,061$24,548$18,005$13,073$9,415
27 years$41,822$31,114$22,795$16,481$11,787$8,357
28 years$39,895$29,319$21,191$15,100$10,635$7,422
29 years$38,105$27,659$19,720$13,847$9,603$6,596
30 years$36,437$26,121$18,368$12,708$8,677$5,865
31 years$34,879$24,693$17,124$11,671$7,845$5,217
32 years$33,422$23,365$15,977$10,726$7,096$4,643
33 years$32,056$22,127$14,918$9,864$6,422$4,133
34 years$30,773$20,971$13,938$9,075$5,815$3,681
35 years$29,567$19,891$13,031$8,354$5,267$3,279
36 years$28,429$18,879$12,191$7,694$4,772$2,922
37 years$27,356$17,931$11,410$7,089$4,325$2,604
38 years$26,342$17,041$10,685$6,534$3,921$2,321
39 years$25,382$16,204$10,011$6,025$3,556$2,069
40 years$24,472$15,417$9,383$5,557$3,225$1,845
41 years$23,609$14,675$8,798$5,127$2,926$1,646
42 years$22,789$13,976$8,253$4,732$2,655$1,468
43 years$22,010$13,317$7,745$4,368$2,409$1,309
44 years$21,268$12,694$7,270$4,033$2,187$1,168
45 years$20,561$12,104$6,826$3,725$1,985$1,042
46 years$19,886$11,547$6,411$3,441$1,803$930
47 years$19,243$11,020$6,023$3,179$1,637$830
48 years$18,628$10,520$5,660$2,937$1,487$740
49 years$18,039$10,046$5,320$2,714$1,350$661
50 years$17,477$9,596$5,002$2,509$1,226$590

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 $3,676 every year, while hoping to spend $28,966 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: 80/9/11 Blend
53$17,900,000$17,900,000$17,900,000$17,900,000
54$19,729,592$18,780,892$18,503,442$21,269,936
55$21,711,191$19,670,336$19,092,487$23,170,956
56$23,893,942$20,602,392$19,700,295$25,252,450
57$26,298,332$21,579,117$20,327,463$27,535,763
58$28,946,937$22,602,669$20,974,609$30,041,070
59$31,864,634$23,675,310$21,642,368$32,790,590
60$35,078,838$24,799,411$22,331,398$35,808,789
61$38,619,756$25,977,459$23,042,377$39,122,611
62$42,520,679$27,212,062$23,776,004$42,761,731
63$46,818,290$28,505,955$24,533,002$46,758,828
64$51,553,012$29,862,004$25,314,115$51,149,897
65$56,769,394$31,283,216$26,120,111$55,974,580
66$62,516,522$32,772,743$26,951,785$61,276,542
67$68,848,492$34,333,892$27,809,954$67,103,878
68$75,824,914$35,970,129$28,695,464$73,509,565
69$83,511,478$37,685,088$29,609,185$80,551,956
70$91,980,573$39,482,582$30,552,017$88,295,332
71$101,311,970$41,366,607$31,524,888$96,810,502
72$111,593,575$43,341,355$32,528,756$106,175,468
73$122,922,259$45,411,221$33,564,608$116,476,160
74$135,404,772$47,580,813$34,633,465$127,807,240
75$149,158,751$49,854,965$35,736,379$140,272,993
76$164,313,831$52,238,746$36,874,435$153,988,306
77$181,012,867$54,737,470$38,048,754$169,079,750
78$199,413,284$57,356,710$39,260,492$185,686,769
79$219,688,562$60,102,312$40,510,841$203,962,990
80$242,029,875$62,980,405$41,801,034$224,077,671
81$266,647,894$65,997,417$43,132,341$246,217,291
82$293,774,777$69,160,088$44,506,071$270,587,306
83$323,666,359$72,475,486$45,923,579$297,414,082
84$356,604,568$75,951,026$47,386,260$326,947,026
85$392,900,089$79,594,481$48,895,554$359,460,933
86$432,895,290$83,414,003$50,452,948$395,258,578
87$476,967,464$87,418,143$52,059,976$434,673,559
88$525,532,380$91,615,867$53,718,220$478,073,449
89$579,048,216$96,016,578$55,429,313$525,863,249
90$638,019,880$100,630,136$57,194,941$578,489,209
91$703,003,780$105,466,885$59,016,844$636,443,034
92$774,613,072$110,537,669$60,896,815$700,266,509
93$853,523,454$115,853,863$62,836,707$770,556,614
94$940,479,540$121,427,396$64,838,430$847,971,146
95$1,036,301,892$127,270,778$66,903,957$933,234,917
96$1,141,894,768$133,397,129$69,035,322$1,027,146,590
97$1,258,254,655$139,820,209$71,234,626$1,130,586,208
98$1,386,479,679$146,554,448$73,504,035$1,244,523,486
99$1,527,779,971$153,614,981$75,845,785$1,370,026,961
100$1,683,489,093$161,017,680$78,262,184$1,508,274,061