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%17.5%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,322,047
2 years$699,060$686,041$673,423$661,189$649,323$607,838
3 years$461,411$448,335$435,749$423,630$411,957$371,818
4 years$342,609$329,574$317,114$305,202$293,811$255,327
5 years$271,347$258,390$246,093$234,424$223,351$186,625
6 years$223,855$210,995$198,880$187,471$176,730$141,795
7 years$189,945$177,193$165,270$154,130$143,729$110,582
8 years$164,524$151,887$140,162$129,296$119,237$87,858
9 years$144,762$132,245$120,722$110,132$100,415$70,770
10 years$128,962$116,568$105,248$94,934$85,558$57,606
11 years$116,044$103,773$92,659$82,621$73,583$47,273
12 years$105,286$93,141$82,232$72,470$63,765$39,044
13 years$96,190$84,173$73,469$63,980$55,605$32,414
14 years$88,400$76,511$66,012$56,794$48,743$27,023
15 years$81,655$69,894$59,600$50,651$42,917$22,605
16 years$75,759$64,126$54,036$45,352$37,930$18,962
17 years$70,563$59,058$49,171$40,749$33,631$15,943
18 years$65,948$54,572$44,887$36,723$29,904$13,431
19 years$61,824$50,577$41,092$33,182$26,654$11,333
20 years$58,117$46,998$37,712$30,053$23,808$9,575
21 years$54,768$43,777$34,688$27,275$21,305$8,099
22 years$51,727$40,864$31,970$24,799$19,097$6,857
23 years$48,955$38,220$29,519$22,585$17,143$5,810
24 years$46,417$35,809$27,300$20,599$15,408$4,926
25 years$44,086$33,605$25,285$18,812$13,865$4,179
26 years$41,938$31,584$23,451$17,201$12,489$3,547
27 years$39,953$29,724$21,776$15,744$11,260$3,012
28 years$38,112$28,009$20,244$14,425$10,160$2,559
29 years$36,402$26,423$18,838$13,228$9,174$2,174
30 years$34,808$24,954$17,547$12,140$8,290$1,848
31 years$33,320$23,589$16,359$11,150$7,495$1,571
32 years$31,928$22,320$15,263$10,247$6,779$1,335
33 years$30,624$21,138$14,251$9,423$6,135$1,135
34 years$29,398$20,034$13,315$8,670$5,555$966
35 years$28,245$19,002$12,449$7,981$5,031$821
36 years$27,159$18,035$11,646$7,350$4,559$699
37 years$26,133$17,130$10,900$6,772$4,132$594
38 years$25,164$16,279$10,208$6,242$3,746$506
39 years$24,247$15,480$9,563$5,756$3,397$430
40 years$23,378$14,728$8,964$5,309$3,081$366
41 years$22,554$14,020$8,405$4,898$2,795$311
42 years$21,771$13,352$7,884$4,520$2,536$265
43 years$21,026$12,722$7,398$4,173$2,302$225
44 years$20,317$12,126$6,945$3,853$2,089$192
45 years$19,642$11,564$6,521$3,558$1,897$163
46 years$18,998$11,031$6,125$3,287$1,722$139
47 years$18,383$10,527$5,754$3,037$1,564$118
48 years$17,795$10,049$5,407$2,806$1,420$101
49 years$17,233$9,597$5,082$2,593$1,290$86
50 years$16,696$9,167$4,778$2,397$1,172$73

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 $3,024 every year, while hoping to spend $54,558 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: 43/34/23 Blend
54$17,100,000$17,100,000$17,100,000$17,100,000
55$18,847,319$17,941,019$17,675,969$19,531,288
56$20,711,697$18,762,080$18,210,065$20,838,712
57$22,764,412$19,621,544$18,760,224$22,248,848
58$25,024,618$20,521,236$19,326,928$23,775,590
59$27,513,419$21,463,067$19,910,670$25,429,739
60$30,254,072$22,449,040$20,511,961$27,223,148
61$33,272,200$23,481,257$21,131,326$29,168,836
62$36,596,043$24,561,917$21,769,303$31,281,097
63$40,256,715$25,693,326$22,426,451$33,575,629
64$44,288,504$26,877,903$23,103,341$36,069,679
65$48,729,192$28,118,181$23,800,563$38,782,193
66$53,620,412$29,416,815$24,518,725$41,733,994
67$59,008,044$30,776,588$25,258,451$44,947,960
68$64,942,642$32,200,419$26,020,387$48,449,244
69$71,479,916$33,691,364$26,805,195$52,265,491
70$78,681,255$35,252,629$27,613,557$56,427,096
71$86,614,309$36,887,573$28,446,176$60,967,483
72$95,353,622$38,599,717$29,303,777$65,923,401
73$104,981,341$40,392,753$30,187,103$71,335,273
74$115,587,990$42,270,550$31,096,923$77,247,555
75$127,273,321$44,237,164$32,034,027$83,709,151
76$140,147,260$46,296,845$32,999,227$90,773,859
77$154,330,941$48,454,051$33,993,361$98,500,869
78$169,957,850$50,713,452$35,017,291$106,955,307
79$187,175,086$53,079,946$36,071,906$116,208,835
80$206,144,748$55,558,667$37,158,118$126,340,312
81$227,045,467$58,154,996$38,276,870$137,436,529
82$250,074,089$60,874,575$39,429,129$149,593,005
83$275,447,534$63,723,318$40,615,893$162,914,878
84$303,404,846$66,707,424$41,838,189$177,517,875
85$334,209,447$69,833,395$43,097,075$193,529,393
86$368,151,622$73,108,042$44,393,639$211,089,674
87$405,551,263$76,538,511$45,729,001$230,353,117
88$446,760,884$80,132,291$47,104,315$251,489,711
89$492,168,954$83,897,233$48,520,769$274,686,618
90$542,203,558$87,841,568$49,979,585$300,149,917
91$597,336,443$91,973,927$51,482,024$328,106,528
92$658,087,468$96,303,357$53,029,379$358,806,327
93$725,029,513$100,839,345$54,622,987$392,524,480
94$798,793,886$105,591,836$56,264,219$429,564,011
95$880,076,283$110,571,256$57,954,491$470,258,639
96$969,643,355$115,788,539$59,695,258$514,975,895
97$1,068,339,946$121,255,147$61,488,018$564,120,562
98$1,177,097,068$126,983,096$63,334,314$618,138,461
99$1,296,940,690$132,984,989$65,235,734$677,520,630
100$1,429,001,422$139,274,035$67,193,913$742,807,922