Can I retire at age 55 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,361,767
2 years$703,148$690,053$677,361$665,056$653,120$643,253
3 years$464,109$450,957$438,298$426,108$414,366$404,723
4 years$344,613$331,501$318,968$306,987$295,529$286,184
5 years$272,934$259,901$247,533$235,795$224,657$215,637
6 years$225,164$212,229$200,043$188,567$177,763$169,081
7 years$191,055$178,229$166,237$155,032$144,569$136,228
8 years$165,486$152,776$140,982$130,052$119,934$111,934
9 years$145,609$133,019$121,428$110,776$101,002$93,341
10 years$129,717$117,249$105,863$95,490$86,059$78,732
11 years$116,722$104,380$93,200$83,105$74,013$67,017
12 years$105,901$93,686$82,713$72,894$64,138$57,465
13 years$96,753$84,665$73,899$64,354$55,930$49,573
14 years$88,917$76,958$66,398$57,127$49,028$42,980
15 years$82,133$70,302$59,949$50,947$43,168$37,421
16 years$76,202$64,501$54,352$45,617$38,152$32,697
17 years$70,975$59,403$49,458$40,987$33,828$28,656
18 years$66,334$54,891$45,149$36,937$30,078$25,180
19 years$62,186$50,873$41,332$33,376$26,810$22,175
20 years$58,457$47,273$37,932$30,229$23,947$19,567
21 years$55,088$44,033$34,890$27,434$21,430$17,295
22 years$52,030$41,103$32,157$24,944$19,209$15,310
23 years$49,241$38,443$29,691$22,717$17,243$13,569
24 years$46,689$36,019$27,459$20,719$15,498$12,041
25 years$44,344$33,802$25,433$18,922$13,946$10,695
26 years$42,184$31,768$23,588$17,301$12,562$9,508
27 years$40,186$29,898$21,903$15,836$11,326$8,459
28 years$38,335$28,172$20,362$14,509$10,219$7,531
29 years$36,615$26,577$18,949$13,305$9,228$6,709
30 years$35,012$25,100$17,650$12,211$8,338$5,980
31 years$33,515$23,727$16,454$11,215$7,538$5,333
32 years$32,115$22,451$15,352$10,307$6,819$4,757
33 years$30,803$21,261$14,334$9,478$6,171$4,246
34 years$29,570$20,151$13,393$8,721$5,587$3,790
35 years$28,410$19,113$12,522$8,028$5,061$3,385
36 years$27,318$18,141$11,714$7,393$4,585$3,024
37 years$26,286$17,230$10,964$6,812$4,156$2,702
38 years$25,312$16,374$10,267$6,279$3,768$2,414
39 years$24,389$15,570$9,619$5,789$3,417$2,158
40 years$23,515$14,814$9,016$5,340$3,099$1,929
41 years$22,686$14,102$8,454$4,927$2,811$1,725
42 years$21,898$13,430$7,930$4,547$2,551$1,543
43 years$21,149$12,796$7,442$4,197$2,315$1,380
44 years$20,436$12,197$6,985$3,875$2,102$1,234
45 years$19,757$11,631$6,559$3,579$1,908$1,104
46 years$19,109$11,096$6,160$3,306$1,732$987
47 years$18,490$10,589$5,788$3,054$1,573$883
48 years$17,899$10,108$5,439$2,822$1,428$790
49 years$17,334$9,653$5,112$2,608$1,297$707
50 years$16,793$9,221$4,806$2,411$1,178$633

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,200,000, adding $3,782 every year, while hoping to spend $27,166 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: 49/45/6 Blend
54$17,200,000$17,200,000$17,200,000$17,200,000
55$18,958,301$18,046,701$17,780,101$19,858,304
56$20,863,143$18,902,085$18,346,830$21,328,236
57$22,961,369$19,798,472$18,931,634$22,920,707
58$25,272,675$20,737,843$19,535,090$24,649,686
59$27,818,765$21,722,275$20,157,792$26,527,910
60$30,623,557$22,753,944$20,800,356$28,569,360
61$33,713,407$23,835,135$21,463,415$30,789,386
62$37,117,358$24,968,240$22,147,624$33,204,841
63$40,867,416$26,155,771$22,853,656$35,834,233
64$44,998,848$27,400,360$23,582,210$38,697,894
65$49,550,520$28,704,767$24,334,003$41,818,156
66$54,565,258$30,071,886$25,109,778$45,219,557
67$60,090,258$31,504,752$25,910,299$48,929,064
68$66,177,528$33,006,548$26,736,357$52,976,309
69$72,884,378$34,580,611$27,588,767$57,393,866
70$80,273,964$36,230,441$28,468,371$62,217,542
71$88,415,883$37,959,707$29,376,035$67,486,704
72$97,386,827$39,772,256$30,312,657$73,244,635
73$107,271,312$41,672,126$31,279,159$79,538,937
74$118,162,472$43,663,546$32,276,497$86,421,954
75$130,162,939$45,750,955$33,305,655$93,951,264
76$143,385,813$47,939,005$34,367,648$102,190,196
77$157,955,726$50,232,577$35,463,525$111,208,419
78$174,010,025$52,636,788$36,594,368$121,082,580
79$191,700,060$55,157,003$37,761,292$131,897,007
80$211,192,621$57,798,851$38,965,450$143,744,492
81$232,671,507$60,568,233$40,208,031$156,727,142
82$256,339,262$63,471,338$41,490,261$170,957,324
83$282,419,089$66,514,656$42,813,407$186,558,706
84$311,156,954$69,704,992$44,178,774$203,667,400
85$342,823,912$73,049,486$45,587,712$222,433,221
86$377,718,662$76,555,621$47,041,611$243,021,081
87$416,170,367$80,231,248$48,541,907$265,612,517
88$458,541,766$84,084,600$50,090,082$290,407,378
89$505,232,590$88,124,310$51,687,664$317,625,682
90$556,683,345$92,359,432$53,336,231$347,509,665
91$613,379,463$96,799,461$55,037,412$380,326,034
92$675,855,889$101,454,356$56,792,886$416,368,455
93$744,702,130$106,334,560$58,604,388$455,960,285
94$820,567,820$111,451,025$60,473,707$499,457,597
95$904,168,851$116,815,238$62,402,690$547,252,494
96$996,294,135$122,439,246$64,393,241$599,776,778
97$1,097,813,050$128,335,683$66,447,328$657,505,981
98$1,209,683,647$134,517,797$68,566,980$720,963,813
99$1,332,961,696$140,999,486$70,754,290$790,727,058
100$1,468,810,650$147,795,322$73,011,420$867,430,972