Can I retire at age 55 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,318,023
2 years$694,972$682,029$669,485$657,323$645,526$607,944
3 years$458,713$445,714$433,201$421,153$409,548$373,143
4 years$340,606$327,647$315,260$303,417$292,093$257,143
5 years$269,760$256,879$244,654$233,053$222,044$188,646
6 years$222,546$209,761$197,717$186,375$175,696$143,881
7 years$188,834$176,157$164,304$153,229$142,888$112,657
8 years$163,562$150,999$139,343$128,540$118,539$89,875
9 years$143,916$131,472$120,016$109,487$99,827$72,704
10 years$128,208$115,886$104,632$94,379$85,058$59,439
11 years$115,365$103,166$92,117$82,138$73,153$48,998
12 years$104,670$92,597$81,751$72,046$63,393$40,656
13 years$95,628$83,680$73,039$63,606$55,280$33,913
14 years$87,883$76,063$65,626$56,462$48,458$28,409
15 years$81,178$69,485$59,252$50,355$42,666$23,882
16 years$75,316$63,751$53,720$45,087$37,708$20,135
17 years$70,150$58,712$48,883$40,510$33,435$17,016
18 years$65,562$54,253$44,624$36,508$29,729$14,409
19 years$61,463$50,281$40,851$32,988$26,498$12,222
20 years$57,778$46,724$37,491$29,877$23,668$10,382
21 years$54,448$43,521$34,485$27,115$21,180$8,829
22 years$51,425$40,625$31,783$24,654$18,985$7,516
23 years$48,669$37,996$29,346$22,453$17,042$6,404
24 years$46,146$35,600$27,140$20,478$15,318$5,460
25 years$43,829$33,409$25,137$18,702$13,784$4,658
26 years$41,693$31,399$23,313$17,100$12,416$3,976
27 years$39,719$29,550$21,649$15,652$11,194$3,395
28 years$37,889$27,845$20,125$14,341$10,101$2,901
29 years$36,189$26,268$18,728$13,151$9,121$2,479
30 years$34,605$24,808$17,445$12,069$8,241$2,119
31 years$33,126$23,452$16,263$11,085$7,451$1,812
32 years$31,742$22,190$15,174$10,187$6,740$1,549
33 years$30,445$21,014$14,168$9,368$6,099$1,325
34 years$29,226$19,917$13,238$8,619$5,522$1,133
35 years$28,080$18,891$12,376$7,934$5,002$970
36 years$27,000$17,930$11,578$7,307$4,532$830
37 years$25,981$17,029$10,836$6,733$4,107$710
38 years$25,017$16,184$10,148$6,206$3,724$608
39 years$24,106$15,389$9,507$5,722$3,377$520
40 years$23,242$14,642$8,911$5,278$3,063$445
41 years$22,422$13,938$8,356$4,869$2,779$381
42 years$21,643$13,274$7,838$4,494$2,521$326
43 years$20,903$12,647$7,355$4,148$2,288$279
44 years$20,198$12,055$6,904$3,830$2,077$239
45 years$19,527$11,496$6,483$3,537$1,886$205
46 years$18,886$10,967$6,089$3,268$1,712$175
47 years$18,275$10,465$5,720$3,019$1,555$150
48 years$17,691$9,991$5,375$2,790$1,412$128
49 years$17,132$9,541$5,053$2,578$1,282$110
50 years$16,598$9,114$4,750$2,383$1,165$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,000,000, adding $4,318 every year, while hoping to spend $46,962 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: 50/24/26 Blend
54$17,000,000$17,000,000$17,000,000$17,000,000
55$18,738,454$17,837,454$17,573,954$19,537,624
56$20,599,809$18,661,522$18,112,714$20,919,358
57$22,649,448$19,524,395$18,667,949$22,415,256
58$24,906,528$20,427,926$19,240,161$24,040,255
59$27,392,154$21,374,055$19,829,867$25,806,612
60$30,129,587$22,364,817$20,437,600$27,727,799
61$33,144,456$23,402,344$21,063,911$29,818,623
62$36,465,004$24,488,872$21,709,366$32,095,361
63$40,122,352$25,626,745$22,374,547$34,575,906
64$44,150,793$26,818,417$23,060,056$37,279,936
65$48,588,119$28,066,464$23,766,512$40,229,087
66$53,475,971$29,373,585$24,494,554$43,447,155
67$58,860,237$30,742,608$25,244,840$46,960,314
68$64,791,485$32,176,499$26,018,045$50,797,354
69$71,325,437$33,678,368$26,814,870$54,989,950
70$78,523,496$35,251,472$27,636,033$59,572,948
71$86,453,327$36,899,229$28,482,274$64,584,692
72$95,189,495$38,625,220$29,354,359$70,067,373
73$104,814,167$40,433,199$30,253,073$76,067,422
74$115,417,888$42,327,102$31,179,228$82,635,939
75$127,100,439$44,311,056$32,133,658$89,829,166
76$139,971,772$46,389,386$33,117,224$97,709,008
77$154,153,054$48,566,628$34,130,812$106,343,607
78$169,777,809$50,847,535$35,175,337$115,807,978
79$186,993,174$53,237,093$36,251,740$126,184,702
80$205,961,294$55,740,528$37,360,990$137,564,698
81$226,860,850$58,363,317$38,504,087$150,048,064
82$249,888,742$61,111,206$39,682,059$163,745,019
83$275,261,955$63,990,215$40,895,969$178,776,920
84$303,219,598$67,006,660$42,146,908$195,277,401
85$334,025,170$70,167,159$43,436,003$213,393,620
86$367,969,042$73,478,655$44,764,413$233,287,629
87$405,371,198$76,948,422$46,133,334$255,137,893
88$446,584,257$80,584,091$47,543,998$279,140,958
89$491,996,801$84,393,662$48,997,672$305,513,288
90$542,037,045$88,385,522$50,495,664$334,493,292
91$597,176,876$92,568,465$52,039,321$366,343,555
92$657,936,309$96,951,712$53,630,031$401,353,302
93$724,888,398$101,544,930$55,269,222$439,841,102
94$798,664,641$106,358,258$56,958,367$482,157,860
95$879,960,945$111,402,324$58,698,983$528,690,104
96$969,544,197$116,688,274$60,492,635$579,863,616
97$1,068,259,499$122,227,793$62,340,932$636,147,421
98$1,177,038,148$128,033,134$64,245,533$698,058,196
99$1,296,906,429$134,117,148$66,208,148$766,165,118
100$1,428,995,301$140,493,305$68,230,538$841,095,212