Can I retire at age 55 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,319,401
2 years$699,060$686,041$673,423$661,189$649,323$605,230
3 years$461,411$448,335$435,749$423,630$411,957$369,332
4 years$342,609$329,574$317,114$305,202$293,811$252,980
5 years$271,347$258,390$246,093$234,424$223,351$184,423
6 years$223,855$210,995$198,880$187,471$176,730$139,738
7 years$189,945$177,193$165,270$154,130$143,729$108,668
8 years$164,524$151,887$140,162$129,296$119,237$86,083
9 years$144,762$132,245$120,722$110,132$100,415$69,130
10 years$128,962$116,568$105,248$94,934$85,558$56,094
11 years$116,044$103,773$92,659$82,621$73,583$45,884
12 years$105,286$93,141$82,232$72,470$63,765$37,772
13 years$96,190$84,173$73,469$63,980$55,605$31,252
14 years$88,400$76,511$66,012$56,794$48,743$25,963
15 years$81,655$69,894$59,600$50,651$42,917$21,642
16 years$75,759$64,126$54,036$45,352$37,930$18,089
17 years$70,563$59,058$49,171$40,749$33,631$15,154
18 years$65,948$54,572$44,887$36,723$29,904$12,718
19 years$61,824$50,577$41,092$33,182$26,654$10,691
20 years$58,117$46,998$37,712$30,053$23,808$8,998
21 years$54,768$43,777$34,688$27,275$21,305$7,582
22 years$51,727$40,864$31,970$24,799$19,097$6,394
23 years$48,955$38,220$29,519$22,585$17,143$5,397
24 years$46,417$35,809$27,300$20,599$15,408$4,558
25 years$44,086$33,605$25,285$18,812$13,865$3,851
26 years$41,938$31,584$23,451$17,201$12,489$3,256
27 years$39,953$29,724$21,776$15,744$11,260$2,753
28 years$38,112$28,009$20,244$14,425$10,160$2,329
29 years$36,402$26,423$18,838$13,228$9,174$1,971
30 years$34,808$24,954$17,547$12,140$8,290$1,668
31 years$33,320$23,589$16,359$11,150$7,495$1,412
32 years$31,928$22,320$15,263$10,247$6,779$1,196
33 years$30,624$21,138$14,251$9,423$6,135$1,012
34 years$29,398$20,034$13,315$8,670$5,555$857
35 years$28,245$19,002$12,449$7,981$5,031$726
36 years$27,159$18,035$11,646$7,350$4,559$615
37 years$26,133$17,130$10,900$6,772$4,132$521
38 years$25,164$16,279$10,208$6,242$3,746$442
39 years$24,247$15,480$9,563$5,756$3,397$374
40 years$23,378$14,728$8,964$5,309$3,081$317
41 years$22,554$14,020$8,405$4,898$2,795$269
42 years$21,771$13,352$7,884$4,520$2,536$228
43 years$21,026$12,722$7,398$4,173$2,302$193
44 years$20,317$12,126$6,945$3,853$2,089$163
45 years$19,642$11,564$6,521$3,558$1,897$138
46 years$18,998$11,031$6,125$3,287$1,722$117
47 years$18,383$10,527$5,754$3,037$1,564$99
48 years$17,795$10,049$5,407$2,806$1,420$84
49 years$17,233$9,597$5,082$2,593$1,290$71
50 years$16,696$9,167$4,778$2,397$1,172$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,100,000, adding $3,346 every year, while hoping to spend $52,158 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: 75/8/17 Blend
54$17,100,000$17,100,000$17,100,000$17,100,000
55$18,847,651$17,941,351$17,676,301$20,188,563
56$20,714,616$18,764,982$18,212,962$21,900,093
57$22,770,263$19,627,222$18,765,852$23,768,735
58$25,033,783$20,529,909$19,335,461$25,815,520
59$27,526,322$21,474,968$19,922,292$28,058,176
60$30,271,181$22,464,416$20,526,863$30,516,222
61$33,294,037$23,500,367$21,149,709$33,211,151
62$36,623,183$24,585,039$21,791,378$36,166,630
63$40,289,796$25,720,755$22,452,438$39,408,721
64$44,328,232$26,909,948$23,133,471$42,966,126
65$48,776,347$28,155,172$23,835,078$46,870,455
66$53,675,860$29,459,100$24,557,879$51,156,519
67$59,072,739$30,824,538$25,302,509$55,862,660
68$65,017,641$32,254,422$26,069,625$61,031,108
69$71,566,387$33,751,835$26,859,904$66,708,376
70$78,780,488$35,320,005$27,674,041$72,945,696
71$86,727,729$36,962,317$28,512,753$79,799,504
72$95,482,806$38,682,318$29,376,778$87,331,961
73$105,128,028$40,483,729$30,266,876$95,611,545
74$115,754,102$42,370,446$31,183,831$104,713,688
75$127,460,980$44,346,558$32,128,449$114,721,486
76$140,358,808$46,416,347$33,101,561$125,726,480
77$154,568,965$48,584,306$34,104,021$137,829,517
78$170,225,204$50,855,142$35,136,711$151,141,694
79$187,474,922$53,233,791$36,200,537$165,785,409
80$206,480,542$55,725,426$37,296,434$181,895,503
81$227,421,057$58,335,471$38,425,364$199,620,537
82$250,493,708$61,069,612$39,588,317$219,124,185
83$275,915,854$63,933,811$40,786,314$240,586,771
84$303,927,021$66,934,317$42,020,404$264,206,974
85$334,791,160$70,077,682$43,291,671$290,203,691
86$368,799,145$73,370,775$44,601,229$318,818,099
87$406,271,512$76,820,796$45,950,224$350,315,929
88$447,561,488$80,435,297$47,339,838$384,989,965
89$493,058,325$84,222,192$48,771,288$423,162,802
90$543,190,975$88,189,781$50,245,827$465,189,886
91$598,432,137$92,346,763$51,764,745$511,462,859
92$659,302,722$96,702,261$53,329,371$562,413,254
93$726,376,768$101,265,840$54,941,073$618,516,556
94$800,286,859$106,047,527$56,601,260$680,296,686
95$881,730,099$111,057,836$58,311,382$748,330,938
96$971,474,689$116,307,790$60,072,934$823,255,418
97$1,070,367,184$121,808,948$61,887,453$905,771,045
98$1,179,340,478$127,573,428$63,756,525$996,650,151
99$1,299,422,618$133,613,937$65,681,779$1,096,743,770
100$1,431,746,502$139,943,797$67,664,896$1,206,989,657