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%12.7%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,356,101
2 years$703,148$690,053$677,361$665,056$653,120$637,565
3 years$464,109$450,957$438,298$426,108$414,366$399,190
4 years$344,613$331,501$318,968$306,987$295,529$280,850
5 years$272,934$259,901$247,533$235,795$224,657$210,516
6 years$225,164$212,229$200,043$188,567$177,763$164,179
7 years$191,055$178,229$166,237$155,032$144,569$131,546
8 years$165,486$152,776$140,982$130,052$119,934$107,472
9 years$145,609$133,019$121,428$110,776$101,002$89,096
10 years$129,717$117,249$105,863$95,490$86,059$74,701
11 years$116,722$104,380$93,200$83,105$74,013$63,194
12 years$105,901$93,686$82,713$72,894$64,138$53,847
13 years$96,753$84,665$73,899$64,354$55,930$46,153
14 years$88,917$76,958$66,398$57,127$49,028$39,751
15 years$82,133$70,302$59,949$50,947$43,168$34,378
16 years$76,202$64,501$54,352$45,617$38,152$29,833
17 years$70,975$59,403$49,458$40,987$33,828$25,964
18 years$66,334$54,891$45,149$36,937$30,078$22,653
19 years$62,186$50,873$41,332$33,376$26,810$19,807
20 years$58,457$47,273$37,932$30,229$23,947$17,350
21 years$55,088$44,033$34,890$27,434$21,430$15,222
22 years$52,030$41,103$32,157$24,944$19,209$13,374
23 years$49,241$38,443$29,691$22,717$17,243$11,764
24 years$46,689$36,019$27,459$20,719$15,498$10,358
25 years$44,344$33,802$25,433$18,922$13,946$9,129
26 years$42,184$31,768$23,588$17,301$12,562$8,052
27 years$40,186$29,898$21,903$15,836$11,326$7,107
28 years$38,335$28,172$20,362$14,509$10,219$6,277
29 years$36,615$26,577$18,949$13,305$9,228$5,547
30 years$35,012$25,100$17,650$12,211$8,338$4,904
31 years$33,515$23,727$16,454$11,215$7,538$4,338
32 years$32,115$22,451$15,352$10,307$6,819$3,838
33 years$30,803$21,261$14,334$9,478$6,171$3,397
34 years$29,570$20,151$13,393$8,721$5,587$3,007
35 years$28,410$19,113$12,522$8,028$5,061$2,663
36 years$27,318$18,141$11,714$7,393$4,585$2,359
37 years$26,286$17,230$10,964$6,812$4,156$2,090
38 years$25,312$16,374$10,267$6,279$3,768$1,852
39 years$24,389$15,570$9,619$5,789$3,417$1,641
40 years$23,515$14,814$9,016$5,340$3,099$1,455
41 years$22,686$14,102$8,454$4,927$2,811$1,290
42 years$21,898$13,430$7,930$4,547$2,551$1,143
43 years$21,149$12,796$7,442$4,197$2,315$1,014
44 years$20,436$12,197$6,985$3,875$2,102$899
45 years$19,757$11,631$6,559$3,579$1,908$797
46 years$19,109$11,096$6,160$3,306$1,732$707
47 years$18,490$10,589$5,788$3,054$1,573$627
48 years$17,899$10,108$5,439$2,822$1,428$556
49 years$17,334$9,653$5,112$2,608$1,297$493
50 years$16,793$9,221$4,806$2,411$1,178$438

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 $4,330 every year, while hoping to spend $40,296 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: 44/33/23 Blend
54$17,200,000$17,200,000$17,200,000$17,200,000
55$18,958,866$18,047,266$17,780,666$19,666,444
56$20,849,796$18,888,708$18,333,444$21,009,252
57$22,932,250$19,770,029$18,903,389$22,459,651
58$25,225,721$20,693,142$19,491,035$24,031,046
59$27,751,690$21,660,051$20,096,929$25,734,675
60$30,533,825$22,672,856$20,721,639$27,582,878
61$33,598,208$23,733,760$21,365,747$29,589,202
62$36,973,582$24,845,070$22,029,856$31,768,526
63$40,691,617$26,009,209$22,714,586$34,137,192
64$44,787,214$27,228,712$23,420,576$36,713,153
65$49,298,830$28,506,239$24,148,486$39,516,135
66$54,268,846$29,844,580$24,898,996$42,567,812
67$59,743,963$31,246,659$25,672,806$45,892,009
68$65,775,641$32,715,539$26,470,639$49,514,911
69$72,420,591$34,254,435$27,293,241$53,465,305
70$79,741,305$35,866,716$28,141,378$57,774,842
71$87,806,646$37,555,914$29,015,842$62,478,322
72$96,692,502$39,325,731$29,917,451$67,614,019
73$106,482,497$41,180,052$30,847,045$73,224,023
74$117,268,784$43,122,946$31,805,493$79,354,635
75$129,152,911$45,158,682$32,793,688$86,056,782
76$142,246,785$47,291,734$33,812,554$93,386,495
77$156,673,722$49,526,794$34,863,040$101,405,418
78$172,569,617$51,868,782$35,946,127$110,181,378
79$190,084,221$54,322,856$37,062,825$119,789,015
80$209,382,558$56,894,423$38,214,177$130,310,463
81$230,646,483$59,589,153$39,401,255$141,836,120
82$254,076,396$62,412,993$40,625,169$154,465,477
83$279,893,135$65,372,177$41,887,059$168,308,043
84$308,340,061$68,473,240$43,188,101$183,484,363
85$339,685,355$71,723,036$44,529,511$200,127,132
86$374,224,549$75,128,753$45,912,537$218,382,434
87$412,283,317$78,697,925$47,338,471$238,411,097
88$454,220,547$82,438,455$48,808,641$260,390,189
89$500,431,730$86,358,627$50,324,418$284,514,672
90$551,352,696$90,467,129$51,887,216$310,999,214
91$607,463,724$94,773,071$53,498,490$340,080,191
92$669,294,077$99,286,006$55,159,743$372,017,899
93$737,427,002$104,015,949$56,872,524$407,098,976
94$812,505,231$108,973,405$58,638,428$445,639,087
95$895,237,050$114,169,387$60,459,100$487,985,869
96$986,402,988$119,615,446$62,336,239$534,522,187
97$1,086,863,181$125,323,691$64,271,592$585,669,714
98$1,197,565,498$131,306,824$66,266,962$641,892,875
99$1,319,554,483$137,578,163$68,324,209$703,703,202
100$1,453,981,219$144,151,672$70,445,249$771,664,124