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

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,376,727
2 years$731,765$718,137$704,928$692,122$679,701$629,217
3 years$482,997$469,310$456,135$443,449$431,230$382,494
4 years$358,638$344,993$331,950$319,480$307,557$260,940
5 years$284,042$270,478$257,607$245,392$233,800$189,425
6 years$234,327$220,866$208,184$196,242$184,998$142,899
7 years$198,831$185,483$173,002$161,341$150,453$110,620
8 years$172,221$158,993$146,720$135,345$124,815$87,216
9 years$151,535$138,432$126,370$115,284$105,112$69,697
10 years$134,996$122,021$110,172$99,376$89,561$56,270
11 years$121,473$108,628$96,994$86,487$77,025$45,790
12 years$110,211$97,499$86,079$75,860$66,749$37,494
13 years$100,690$88,110$76,906$66,973$58,206$30,853
14 years$92,536$80,090$69,101$59,452$51,023$25,490
15 years$85,476$73,164$62,388$53,020$44,925$21,127
16 years$79,304$67,126$56,564$47,474$39,705$17,557
17 years$73,864$61,821$51,471$42,655$35,205$14,622
18 years$69,033$57,125$46,987$38,441$31,303$12,199
19 years$64,717$52,943$43,014$34,734$27,901$10,192
20 years$60,836$49,197$39,476$31,459$24,921$8,526
21 years$57,330$45,825$36,310$28,551$22,302$7,140
22 years$54,147$42,776$33,466$25,959$19,990$5,984
23 years$51,245$40,008$30,900$23,642$17,945$5,018
24 years$48,589$37,485$28,577$21,562$16,129$4,211
25 years$46,149$35,177$26,468$19,692$14,514$3,536
26 years$43,900$33,061$24,548$18,005$13,073$2,970
27 years$41,822$31,114$22,795$16,481$11,787$2,495
28 years$39,895$29,319$21,191$15,100$10,635$2,097
29 years$38,105$27,659$19,720$13,847$9,603$1,763
30 years$36,437$26,121$18,368$12,708$8,677$1,482
31 years$34,879$24,693$17,124$11,671$7,845$1,247
32 years$33,422$23,365$15,977$10,726$7,096$1,049
33 years$32,056$22,127$14,918$9,864$6,422$882
34 years$30,773$20,971$13,938$9,075$5,815$742
35 years$29,567$19,891$13,031$8,354$5,267$624
36 years$28,429$18,879$12,191$7,694$4,772$525
37 years$27,356$17,931$11,410$7,089$4,325$442
38 years$26,342$17,041$10,685$6,534$3,921$372
39 years$25,382$16,204$10,011$6,025$3,556$313
40 years$24,472$15,417$9,383$5,557$3,225$264
41 years$23,609$14,675$8,798$5,127$2,926$222
42 years$22,789$13,976$8,253$4,732$2,655$187
43 years$22,010$13,317$7,745$4,368$2,409$157
44 years$21,268$12,694$7,270$4,033$2,187$132
45 years$20,561$12,104$6,826$3,725$1,985$111
46 years$19,886$11,547$6,411$3,441$1,803$94
47 years$19,243$11,020$6,023$3,179$1,637$79
48 years$18,628$10,520$5,660$2,937$1,487$66
49 years$18,039$10,046$5,320$2,714$1,350$56
50 years$17,477$9,596$5,002$2,509$1,226$47

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 $2,297 every year, while hoping to spend $43,116 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: 71/9/20 Blend
53$17,900,000$17,900,000$17,900,000$17,900,000
54$19,728,169$18,779,469$18,502,019$21,032,853
55$21,694,568$19,653,788$19,075,962$22,776,611
56$23,860,093$20,569,504$19,667,686$24,679,844
57$26,245,012$21,528,599$20,277,743$26,762,624
58$28,871,655$22,533,152$20,906,699$29,042,736
59$31,764,630$23,585,342$21,555,140$31,539,759
60$34,951,052$24,687,453$22,223,667$34,275,251
61$38,460,801$25,841,881$22,912,902$37,272,945
62$42,326,805$27,051,135$23,623,486$40,558,972
63$46,585,345$28,317,847$24,356,079$44,162,106
64$51,276,405$29,644,776$25,111,362$48,114,032
65$56,444,042$31,034,814$25,890,036$52,449,640
66$62,136,807$32,490,993$26,692,826$57,207,353
67$68,408,203$34,016,493$27,520,476$62,429,485
68$75,317,184$35,614,645$28,373,757$68,162,640
69$82,928,718$37,288,944$29,253,459$74,458,142
70$91,314,398$39,043,053$30,160,401$81,372,523
71$100,553,116$40,880,813$31,095,424$88,968,045
72$110,731,810$42,806,249$32,059,397$97,313,291
73$121,946,283$44,823,583$33,053,215$106,483,801
74$134,302,106$46,937,241$34,077,800$116,562,788
75$147,915,619$49,151,863$35,134,104$127,641,910
76$162,915,022$51,472,315$36,223,107$139,822,139
77$179,441,594$53,903,697$37,345,820$153,214,702
78$197,651,016$56,451,358$38,503,284$167,942,130
79$217,714,850$59,120,906$39,696,575$184,139,406
80$239,822,154$61,918,219$40,926,799$201,955,239
81$264,181,265$64,849,463$42,195,098$221,553,453
82$291,021,769$67,921,101$43,502,649$243,114,534
83$320,596,665$71,139,911$44,850,663$266,837,326
84$353,184,757$74,512,999$46,240,393$292,940,899
85$389,093,282$78,047,816$47,673,126$321,666,612
86$428,660,813$81,752,175$49,150,192$353,280,383
87$472,260,453$85,634,268$50,672,960$388,075,194
88$520,303,357$89,702,685$52,242,842$426,373,842
89$573,242,616$93,966,433$53,861,294$468,531,988
90$631,577,532$98,434,957$55,529,816$514,941,496
91$695,858,330$103,118,160$57,249,955$566,034,129
92$766,691,356$108,026,426$59,023,305$622,285,615
93$844,744,798$113,170,645$60,851,510$684,220,125
94$930,754,996$118,562,235$62,736,263$752,415,215
95$1,025,533,390$124,213,169$64,679,312$827,507,263
96$1,129,974,183$130,136,002$66,682,457$910,197,471
97$1,245,062,784$136,343,900$68,747,554$1,001,258,467
98$1,371,885,106$142,850,669$70,876,515$1,101,541,593
99$1,511,637,821$149,670,787$73,071,312$1,211,984,922
100$1,665,639,657$156,819,433$75,333,979$1,333,622,108