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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,315,197
2 years$699,060$686,041$673,423$661,189$649,323$601,096
3 years$461,411$448,335$435,749$423,630$411,957$365,399
4 years$342,609$329,574$317,114$305,202$293,811$249,278
5 years$271,347$258,390$246,093$234,424$223,351$180,959
6 years$223,855$210,995$198,880$187,471$176,730$136,512
7 years$189,945$177,193$165,270$154,130$143,729$105,676
8 years$164,524$151,887$140,162$129,296$119,237$83,318
9 years$144,762$132,245$120,722$110,132$100,415$66,582
10 years$128,962$116,568$105,248$94,934$85,558$53,755
11 years$116,044$103,773$92,659$82,621$73,583$43,743
12 years$105,286$93,141$82,232$72,470$63,765$35,818
13 years$96,190$84,173$73,469$63,980$55,605$29,474
14 years$88,400$76,511$66,012$56,794$48,743$24,351
15 years$81,655$69,894$59,600$50,651$42,917$20,183
16 years$75,759$64,126$54,036$45,352$37,930$16,772
17 years$70,563$59,058$49,171$40,749$33,631$13,968
18 years$65,948$54,572$44,887$36,723$29,904$11,653
19 years$61,824$50,577$41,092$33,182$26,654$9,737
20 years$58,117$46,998$37,712$30,053$23,808$8,145
21 years$54,768$43,777$34,688$27,275$21,305$6,821
22 years$51,727$40,864$31,970$24,799$19,097$5,716
23 years$48,955$38,220$29,519$22,585$17,143$4,794
24 years$46,417$35,809$27,300$20,599$15,408$4,023
25 years$44,086$33,605$25,285$18,812$13,865$3,378
26 years$41,938$31,584$23,451$17,201$12,489$2,837
27 years$39,953$29,724$21,776$15,744$11,260$2,384
28 years$38,112$28,009$20,244$14,425$10,160$2,004
29 years$36,402$26,423$18,838$13,228$9,174$1,684
30 years$34,808$24,954$17,547$12,140$8,290$1,416
31 years$33,320$23,589$16,359$11,150$7,495$1,191
32 years$31,928$22,320$15,263$10,247$6,779$1,002
33 years$30,624$21,138$14,251$9,423$6,135$843
34 years$29,398$20,034$13,315$8,670$5,555$709
35 years$28,245$19,002$12,449$7,981$5,031$597
36 years$27,159$18,035$11,646$7,350$4,559$502
37 years$26,133$17,130$10,900$6,772$4,132$422
38 years$25,164$16,279$10,208$6,242$3,746$355
39 years$24,247$15,480$9,563$5,756$3,397$299
40 years$23,378$14,728$8,964$5,309$3,081$252
41 years$22,554$14,020$8,405$4,898$2,795$212
42 years$21,771$13,352$7,884$4,520$2,536$178
43 years$21,026$12,722$7,398$4,173$2,302$150
44 years$20,317$12,126$6,945$3,853$2,089$126
45 years$19,642$11,564$6,521$3,558$1,897$106
46 years$18,998$11,031$6,125$3,287$1,722$89
47 years$18,383$10,527$5,754$3,037$1,564$75
48 years$17,795$10,049$5,407$2,806$1,420$63
49 years$17,233$9,597$5,082$2,593$1,290$53
50 years$16,696$9,167$4,778$2,397$1,172$45

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 $3,455 every year, while hoping to spend $29,234 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: 79/12/9 Blend
54$17,100,000$17,100,000$17,100,000$17,100,000
55$18,847,764$17,941,464$17,676,414$20,310,810
56$20,739,131$18,789,491$18,237,469$22,119,435
57$22,822,438$19,678,091$18,816,340$24,098,909
58$25,117,231$20,609,223$19,413,592$26,269,565
59$27,645,051$21,584,937$20,029,809$28,650,468
60$30,429,633$22,607,386$20,665,595$31,262,609
61$33,497,134$23,678,825$21,321,570$34,129,101
62$36,876,375$24,801,621$21,998,376$37,275,394
63$40,599,118$25,978,254$22,696,675$40,729,512
64$44,700,365$27,211,325$23,417,150$44,522,318
65$49,218,682$28,503,560$24,160,505$48,687,797
66$54,196,573$29,857,819$24,927,467$53,263,378
67$59,680,872$31,277,101$25,718,786$58,290,283
68$65,723,192$32,764,550$26,535,236$63,813,911
69$72,380,407$34,323,462$27,377,616$69,884,266
70$79,715,191$35,957,295$28,246,749$76,556,423
71$87,796,611$37,669,673$29,143,485$83,891,045
72$96,700,775$39,464,397$30,068,702$91,954,951
73$106,511,555$41,345,453$31,023,304$100,821,743
74$117,321,375$43,317,021$32,008,226$110,572,498
75$129,232,084$45,383,484$33,024,430$121,296,525
76$142,355,918$47,549,437$34,072,911$133,092,205
77$156,816,562$49,819,699$35,154,694$146,067,918
78$172,750,313$52,199,326$36,270,837$160,343,057
79$190,307,367$54,693,615$37,422,432$176,049,147
80$209,653,242$57,308,126$38,610,607$193,331,090
81$230,970,333$60,048,684$39,836,523$212,348,518
82$254,459,640$62,921,403$41,101,380$233,277,298
83$280,342,662$65,932,690$42,406,414$256,311,184
84$308,863,488$69,089,267$43,752,904$281,663,641
85$340,291,104$72,398,181$45,142,166$309,569,852
86$374,921,928$75,866,823$46,575,560$340,288,931
87$413,082,612$79,502,945$48,054,489$374,106,358
88$455,133,123$83,314,674$49,580,399$411,336,674
89$501,470,143$87,310,534$51,154,783$452,326,434
90$552,530,812$91,499,465$52,779,183$497,457,471
91$608,796,857$95,890,840$54,455,188$547,150,496
92$670,799,137$100,494,493$56,184,437$601,869,055
93$739,122,658$105,320,731$57,968,625$662,123,896
94$814,412,090$110,380,369$59,809,495$728,477,783
95$897,377,861$115,684,745$61,708,851$801,550,792
96$988,802,857$121,245,751$63,668,551$882,026,159
97$1,089,549,814$127,075,859$65,690,514$970,656,715
98$1,200,569,467$133,188,147$67,776,717$1,068,271,980
99$1,322,909,519$139,596,333$69,929,204$1,175,785,982
100$1,457,724,539$146,314,802$72,150,082$1,294,205,870