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%12%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,360,060
2 years$703,148$690,053$677,361$665,056$653,120$641,538
3 years$464,109$450,957$438,298$426,108$414,366$403,052
4 years$344,613$331,501$318,968$306,987$295,529$284,571
5 years$272,934$259,901$247,533$235,795$224,657$214,087
6 years$225,164$212,229$200,043$188,567$177,763$167,594
7 years$191,055$178,229$166,237$155,032$144,569$134,806
8 years$165,486$152,776$140,982$130,052$119,934$110,577
9 years$145,609$133,019$121,428$110,776$101,002$92,047
10 years$129,717$117,249$105,863$95,490$86,059$77,502
11 years$116,722$104,380$93,200$83,105$74,013$65,848
12 years$105,901$93,686$82,713$72,894$64,138$56,357
13 years$96,753$84,665$73,899$64,354$55,930$48,523
14 years$88,917$76,958$66,398$57,127$49,028$41,987
15 years$82,133$70,302$59,949$50,947$43,168$36,483
16 years$76,202$64,501$54,352$45,617$38,152$31,812
17 years$70,975$59,403$49,458$40,987$33,828$27,822
18 years$66,334$54,891$45,149$36,937$30,078$24,396
19 years$62,186$50,873$41,332$33,376$26,810$21,439
20 years$58,457$47,273$37,932$30,229$23,947$18,876
21 years$55,088$44,033$34,890$27,434$21,430$16,647
22 years$52,030$41,103$32,157$24,944$19,209$14,703
23 years$49,241$38,443$29,691$22,717$17,243$13,002
24 years$46,689$36,019$27,459$20,719$15,498$11,511
25 years$44,344$33,802$25,433$18,922$13,946$10,200
26 years$42,184$31,768$23,588$17,301$12,562$9,047
27 years$40,186$29,898$21,903$15,836$11,326$8,030
28 years$38,335$28,172$20,362$14,509$10,219$7,132
29 years$36,615$26,577$18,949$13,305$9,228$6,338
30 years$35,012$25,100$17,650$12,211$8,338$5,636
31 years$33,515$23,727$16,454$11,215$7,538$5,013
32 years$32,115$22,451$15,352$10,307$6,819$4,461
33 years$30,803$21,261$14,334$9,478$6,171$3,972
34 years$29,570$20,151$13,393$8,721$5,587$3,537
35 years$28,410$19,113$12,522$8,028$5,061$3,151
36 years$27,318$18,141$11,714$7,393$4,585$2,807
37 years$26,286$17,230$10,964$6,812$4,156$2,502
38 years$25,312$16,374$10,267$6,279$3,768$2,230
39 years$24,389$15,570$9,619$5,789$3,417$1,988
40 years$23,515$14,814$9,016$5,340$3,099$1,773
41 years$22,686$14,102$8,454$4,927$2,811$1,581
42 years$21,898$13,430$7,930$4,547$2,551$1,410
43 years$21,149$12,796$7,442$4,197$2,315$1,258
44 years$20,436$12,197$6,985$3,875$2,102$1,122
45 years$19,757$11,631$6,559$3,579$1,908$1,001
46 years$19,109$11,096$6,160$3,306$1,732$893
47 years$18,490$10,589$5,788$3,054$1,573$797
48 years$17,899$10,108$5,439$2,822$1,428$711
49 years$17,334$9,653$5,112$2,608$1,297$635
50 years$16,793$9,221$4,806$2,411$1,178$567

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 $6,200 every year, while hoping to spend $24,832 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: 69/6/25 Blend
54$17,200,000$17,200,000$17,200,000$17,200,000
55$18,960,795$18,049,195$17,782,595$20,147,481
56$20,868,375$18,907,185$18,351,891$21,801,742
57$22,969,696$19,806,384$18,939,426$23,608,012
58$25,284,494$20,748,785$19,545,785$25,584,191
59$27,834,515$21,736,478$20,171,572$27,747,101
60$30,643,724$22,771,654$20,817,409$30,115,265
61$33,738,531$23,856,612$21,483,939$32,709,073
62$37,148,037$24,993,762$22,171,826$35,550,977
63$40,904,309$26,185,629$22,881,755$38,665,697
64$45,042,687$27,434,863$23,614,432$42,080,454
65$49,602,114$28,744,244$24,370,588$45,825,222
66$54,625,501$30,116,683$25,150,974$49,933,009
67$60,160,139$31,555,238$25,956,369$54,440,166
68$66,258,139$33,063,111$26,787,574$59,386,727
69$72,976,928$34,643,662$27,645,416$64,816,784
70$80,379,788$36,300,414$28,530,751$70,778,896
71$88,536,455$38,037,063$29,444,459$77,326,552
72$97,523,777$39,857,483$30,387,452$84,518,662
73$107,426,438$41,765,735$31,360,668$92,420,120
74$118,337,761$43,766,082$32,365,076$101,102,403
75$130,360,584$45,862,992$33,401,678$110,644,247
76$143,608,235$48,061,150$34,471,505$121,132,387
77$158,205,599$50,365,470$35,575,625$132,662,368
78$174,290,297$52,781,106$36,715,136$145,339,443
79$192,013,989$55,313,461$37,891,174$159,279,563
80$211,543,798$57,968,203$39,104,910$174,610,467
81$233,063,896$60,751,275$40,357,555$191,472,881
82$256,777,237$63,668,911$41,650,357$210,021,842
83$282,907,474$66,727,647$42,984,603$230,428,157
84$311,701,073$69,934,339$44,361,624$252,880,008
85$343,429,636$73,296,174$45,782,791$277,584,722
86$378,392,466$76,820,694$47,249,522$304,770,726
87$416,919,395$80,515,805$48,763,278$334,689,691
88$459,373,893$84,389,800$50,325,569$367,618,907
89$506,156,505$88,451,375$51,937,950$403,863,888
90$557,708,628$92,709,652$53,602,030$443,761,252
91$614,516,678$97,174,195$55,319,469$487,681,894
92$677,116,685$101,855,036$57,091,976$536,034,472
93$746,099,351$106,762,697$58,921,322$589,269,265
94$822,115,626$111,908,211$60,809,328$647,882,407
95$905,882,858$117,303,150$62,757,878$712,420,569
96$998,191,557$122,959,653$64,768,914$783,486,108
97$1,099,912,866$128,890,446$66,844,443$861,742,740
98$1,212,006,780$135,108,879$68,986,534$947,921,804
99$1,335,531,211$141,628,955$71,197,323$1,042,829,148
100$1,471,651,977$148,465,355$73,479,015$1,147,352,729