Can I retire at age 55 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,371,983
2 years$707,237$694,065$681,300$668,923$656,917$649,306
3 years$466,808$453,579$440,846$428,585$416,775$409,331
4 years$346,617$333,429$320,823$308,772$297,248$290,028
5 years$274,521$261,412$248,972$237,166$225,963$218,989
6 years$226,473$213,463$201,206$189,664$178,797$172,078
7 years$192,166$179,266$167,203$155,933$145,410$138,949
8 years$166,448$153,664$141,802$130,808$120,631$114,430
9 years$146,455$133,792$122,134$111,420$101,589$95,645
10 years$130,471$117,931$106,479$96,045$86,559$80,869
11 years$117,401$104,987$93,742$83,588$74,444$69,004
12 years$106,517$94,231$83,194$73,318$64,511$59,318
13 years$97,315$85,157$74,328$64,729$56,255$51,303
14 years$89,434$77,405$66,784$57,459$49,313$44,596
15 years$82,611$70,711$60,297$51,243$43,419$38,931
16 years$76,646$64,876$54,668$45,883$38,374$34,109
17 years$71,388$59,749$49,746$41,225$34,025$29,976
18 years$66,719$55,210$45,412$37,152$30,253$26,414
19 years$62,547$51,168$41,572$33,570$26,965$23,329
20 years$58,797$47,548$38,153$30,404$24,086$20,645
21 years$55,409$44,289$35,093$27,594$21,554$18,302
22 years$52,332$41,342$32,344$25,089$19,320$16,249
23 years$49,527$38,667$29,864$22,849$17,343$14,445
24 years$46,960$36,228$27,619$20,840$15,588$12,857
25 years$44,602$33,998$25,581$19,032$14,027$11,455
26 years$42,429$31,953$23,725$17,402$12,635$10,216
27 years$40,420$30,071$22,031$15,928$11,392$9,117
28 years$38,558$28,336$20,480$14,594$10,279$8,143
29 years$36,827$26,732$19,059$13,383$9,282$7,278
30 years$35,215$25,246$17,752$12,282$8,386$6,508
31 years$33,710$23,865$16,550$11,280$7,582$5,822
32 years$32,302$22,581$15,442$10,367$6,859$5,211
33 years$30,982$21,385$14,418$9,533$6,207$4,666
34 years$29,742$20,268$13,471$8,771$5,620$4,180
35 years$28,576$19,224$12,595$8,074$5,090$3,745
36 years$27,476$18,246$11,782$7,436$4,612$3,357
37 years$26,439$17,330$11,028$6,852$4,180$3,009
38 years$25,459$16,470$10,327$6,315$3,789$2,698
39 years$24,531$15,661$9,675$5,823$3,436$2,420
40 years$23,652$14,900$9,069$5,371$3,117$2,171
41 years$22,818$14,184$8,503$4,955$2,828$1,948
42 years$22,025$13,508$7,977$4,573$2,566$1,748
43 years$21,272$12,870$7,485$4,222$2,329$1,569
44 years$20,555$12,268$7,026$3,898$2,114$1,408
45 years$19,872$11,699$6,597$3,600$1,919$1,264
46 years$19,220$11,160$6,196$3,325$1,742$1,135
47 years$18,598$10,650$5,821$3,072$1,582$1,019
48 years$18,003$10,167$5,470$2,839$1,437$915
49 years$17,435$9,709$5,142$2,624$1,305$821
50 years$16,891$9,274$4,834$2,425$1,185$737

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,300,000, adding $3,163 every year, while hoping to spend $23,902 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: 31/49/20 Blend
54$17,300,000$17,300,000$17,300,000$17,300,000
55$19,067,863$18,150,963$17,882,813$19,539,914
56$20,987,353$19,014,928$18,456,455$20,760,097
57$23,101,830$19,920,427$19,048,514$22,070,309
58$25,431,158$20,869,469$19,659,580$23,480,230
59$27,997,225$21,864,162$20,290,265$24,998,547
60$30,824,151$22,906,715$20,941,198$26,634,767
61$33,938,517$23,999,447$21,613,031$28,399,296
62$37,369,613$25,144,787$22,306,434$30,303,528
63$41,149,716$26,345,283$23,022,102$32,359,943
64$45,314,394$27,603,609$23,760,749$34,582,213
65$49,902,842$28,922,566$24,523,115$36,985,321
66$54,958,253$30,305,093$25,309,960$39,585,690
67$60,528,224$31,754,271$26,122,073$42,401,327
68$66,665,205$33,273,333$26,960,264$45,451,979
69$73,426,995$34,865,666$27,825,372$48,759,308
70$80,877,289$36,534,824$28,718,263$52,347,076
71$89,086,277$38,284,534$29,639,829$56,241,364
72$98,131,306$40,118,705$30,590,992$60,470,794
73$108,097,612$42,041,434$31,572,703$65,066,787
74$119,079,123$44,057,020$32,585,944$70,063,844
75$131,179,349$46,169,969$33,631,728$75,499,851
76$144,512,354$48,385,009$34,711,102$81,416,421
77$159,203,836$50,707,096$35,825,146$87,859,267
78$175,392,313$53,141,429$36,974,974$94,878,611
79$193,230,429$55,693,459$38,161,736$102,529,640
80$212,886,398$58,368,904$39,386,619$110,873,003
81$234,545,590$61,173,760$40,650,850$119,975,361
82$258,412,280$64,114,314$41,955,693$129,909,993
83$284,711,577$67,197,160$43,302,454$140,757,461
84$313,691,553$70,429,216$44,692,481$152,606,343
85$345,625,577$73,817,733$46,127,165$165,554,044
86$380,814,902$77,370,318$47,607,941$179,707,685
87$419,591,507$81,094,949$49,136,292$195,185,083
88$462,321,231$84,999,991$50,713,748$212,115,833
89$509,407,225$89,094,220$52,341,887$230,642,495
90$561,293,761$93,386,836$54,022,340$250,921,910
91$618,470,425$97,887,491$55,756,788$273,126,637
92$681,476,736$102,606,305$57,546,968$297,446,549
93$750,907,244$107,553,896$59,394,673$324,090,583
94$827,417,141$112,741,394$61,301,752$353,288,671
95$911,728,443$118,180,477$63,270,115$385,293,864
96$1,004,636,814$123,883,389$65,301,733$420,384,678
97$1,107,019,068$129,862,974$67,398,640$458,867,674
98$1,219,841,455$136,132,702$69,562,936$501,080,298
99$1,344,168,778$142,706,699$71,796,790$547,394,020
100$1,481,174,449$149,599,783$74,102,437$598,217,778