Can I retire at age 55 with 17,600,000?

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 $17,600,000?

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$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,387,638
2 years$719,501$706,101$693,114$680,522$668,309$652,392
3 years$474,902$461,445$448,491$436,017$424,003$408,474
4 years$352,627$339,211$326,386$314,126$302,402$287,381
5 years$279,281$265,945$253,289$241,279$229,881$215,412
6 years$230,400$217,164$204,695$192,953$181,897$167,997
7 years$195,499$182,374$170,103$158,637$147,931$134,606
8 years$169,334$156,328$144,261$133,077$122,723$109,972
9 years$148,995$136,112$124,252$113,352$103,351$91,168
10 years$132,733$119,976$108,325$97,710$88,060$76,438
11 years$119,437$106,808$95,368$85,037$75,735$64,664
12 years$108,364$95,865$84,637$74,589$65,630$55,099
13 years$99,003$86,634$75,617$65,851$57,231$47,226
14 years$90,985$78,748$67,942$58,455$50,168$40,676
15 years$84,043$71,937$61,343$52,132$44,172$35,177
16 years$77,975$66,001$55,616$46,678$39,039$30,526
17 years$72,626$60,785$50,609$41,940$34,615$26,568
18 years$67,876$56,168$46,199$37,796$30,778$23,180
19 years$63,632$52,056$42,293$34,152$27,433$20,268
20 years$59,817$48,373$38,815$30,932$24,504$17,754
21 years$56,369$45,057$35,702$28,072$21,928$15,576
22 years$53,240$42,059$32,905$25,524$19,655$13,685
23 years$50,386$39,337$30,382$23,245$17,644$12,037
24 years$47,775$36,856$28,098$21,201$15,859$10,599
25 years$45,376$34,588$26,024$19,362$14,270$9,341
26 years$43,165$32,507$24,136$17,704$12,854$8,240
27 years$41,121$30,593$22,413$16,205$11,589$7,273
28 years$39,227$28,828$20,835$14,847$10,457$6,423
29 years$37,466$27,196$19,389$13,615$9,443$5,676
30 years$35,826$25,683$18,060$12,495$8,532$5,018
31 years$34,295$24,279$16,837$11,476$7,714$4,439
32 years$32,862$22,973$15,709$10,547$6,978$3,927
33 years$31,519$21,756$14,668$9,698$6,315$3,476
34 years$30,258$20,620$13,705$8,923$5,717$3,077
35 years$29,071$19,557$12,813$8,214$5,178$2,725
36 years$27,953$18,563$11,986$7,565$4,692$2,414
37 years$26,898$17,630$11,219$6,970$4,252$2,139
38 years$25,900$16,755$10,506$6,425$3,855$1,895
39 years$24,956$15,933$9,843$5,924$3,496$1,679
40 years$24,062$15,159$9,226$5,464$3,171$1,489
41 years$23,213$14,429$8,651$5,041$2,877$1,320
42 years$22,407$13,742$8,115$4,652$2,610$1,170
43 years$21,641$13,093$7,615$4,295$2,369$1,037
44 years$20,911$12,481$7,148$3,966$2,150$920
45 years$20,216$11,902$6,711$3,662$1,952$816
46 years$19,553$11,354$6,304$3,383$1,772$723
47 years$18,920$10,835$5,922$3,125$1,610$642
48 years$18,315$10,343$5,565$2,888$1,462$569
49 years$17,737$9,877$5,231$2,669$1,328$505
50 years$17,184$9,435$4,918$2,467$1,206$448

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,600,000, adding $2,017 every year, while hoping to spend $36,295 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: 45/48/7 Blend
54$17,600,000$17,600,000$17,600,000$17,600,000
55$19,397,281$18,464,481$18,191,681$20,232,274
56$21,337,186$19,330,622$18,762,484$21,674,609
57$23,473,744$20,237,989$19,351,193$23,233,683
58$25,826,978$21,188,562$19,958,370$24,923,300
59$28,418,946$22,184,418$20,584,592$26,755,487
60$31,273,960$23,227,736$21,230,457$28,743,442
61$34,418,809$24,320,800$21,896,582$30,901,641
62$37,883,012$25,466,003$22,583,602$33,245,976
63$41,699,098$26,665,856$23,292,172$35,793,890
64$45,902,913$27,922,991$24,022,967$38,564,533
65$50,533,959$29,240,166$24,776,685$41,578,932
66$55,635,763$30,620,275$25,554,044$44,860,182
67$61,256,293$32,066,350$26,355,786$48,433,652
68$67,448,405$33,581,571$27,182,676$52,327,209
69$74,270,348$35,169,274$28,035,501$56,571,475
70$81,786,309$36,832,954$28,915,076$61,200,099
71$90,067,020$38,576,276$29,822,238$66,250,064
72$99,190,426$40,403,083$30,757,853$71,762,022
73$109,242,422$42,317,407$31,722,813$77,780,660
74$120,317,660$44,323,471$32,718,039$84,355,111
75$132,520,447$46,425,706$33,744,479$91,539,401
76$145,965,725$48,628,758$34,803,111$99,392,940
77$160,780,159$50,937,498$35,894,946$107,981,065
78$177,103,333$53,357,033$37,021,024$117,375,645
79$195,089,063$55,892,718$38,182,419$127,655,731
80$214,906,856$58,550,169$39,380,238$138,908,288
81$236,743,503$61,335,275$40,615,623$151,228,996
82$260,804,846$64,254,210$41,889,753$164,723,124
83$287,317,722$67,313,448$43,203,841$179,506,510
84$316,532,101$70,519,778$44,559,141$195,706,623
85$348,723,447$73,880,319$45,956,945$213,463,744
86$384,195,321$77,402,537$47,398,584$232,932,263
87$423,282,242$81,094,259$48,885,435$254,282,110
88$466,352,846$84,963,694$50,418,913$277,700,329
89$513,813,371$89,019,449$52,000,481$303,392,811
90$566,111,484$93,270,551$53,631,646$331,586,209
91$623,740,512$97,726,465$55,313,963$362,530,044
92$687,244,100$102,397,118$57,049,037$396,499,023
93$757,221,339$107,292,917$58,838,520$433,795,595
94$834,332,423$112,424,778$60,684,118$474,752,771
95$919,304,885$117,804,147$62,587,591$519,737,226
96$1,012,940,461$123,443,027$64,550,753$569,152,714
97$1,116,122,660$129,354,007$66,575,474$623,443,844
98$1,229,825,104$135,550,287$68,663,686$683,100,219
99$1,355,120,723$142,045,709$70,817,377$748,661,021
100$1,493,191,878$148,854,790$73,038,601$820,720,042