Can I retire at age 55 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,354,888
2 years$723,589$710,113$697,052$684,389$672,106$615,858
3 years$477,601$464,066$451,039$438,495$426,412$372,222
4 years$354,631$341,138$328,241$315,911$304,120$252,401
5 years$280,868$267,456$254,728$242,650$231,188$182,069
6 years$231,709$218,398$205,858$194,049$182,931$136,445
7 years$196,609$183,410$171,069$159,538$148,772$104,901
8 years$170,296$157,217$145,080$133,833$123,420$82,119
9 years$149,842$136,885$124,958$113,996$103,938$65,142
10 years$133,487$120,658$108,941$98,265$88,560$52,194
11 years$120,115$107,415$95,910$85,520$76,165$42,142
12 years$108,980$96,409$85,118$75,013$66,003$34,231
13 years$99,565$87,126$76,047$66,225$57,556$27,938
14 years$91,502$79,195$68,328$58,787$50,453$22,888
15 years$84,521$72,346$61,691$52,428$44,423$18,809
16 years$78,418$66,376$55,932$46,944$39,261$15,495
17 years$73,038$61,130$50,896$42,178$34,812$12,790
18 years$68,262$56,487$46,462$38,011$30,953$10,575
19 years$63,994$52,351$42,533$34,346$27,589$8,756
20 years$60,157$48,648$39,035$31,107$24,643$7,257
21 years$56,690$45,313$35,905$28,232$22,053$6,021
22 years$53,542$42,298$33,092$25,669$19,767$4,999
23 years$50,673$39,561$30,554$23,377$17,744$4,153
24 years$48,046$37,066$28,258$21,322$15,949$3,452
25 years$45,633$34,784$26,172$19,472$14,351$2,871
26 years$43,410$32,692$24,273$17,804$12,927$2,388
27 years$41,355$30,767$22,540$16,297$11,655$1,987
28 years$39,449$28,991$20,954$14,931$10,517$1,654
29 years$37,679$27,350$19,499$13,692$9,496$1,377
30 years$36,030$25,829$18,163$12,566$8,580$1,146
31 years$34,490$24,417$16,933$11,541$7,757$955
32 years$33,049$23,104$15,799$10,606$7,017$795
33 years$31,698$21,879$14,751$9,753$6,351$662
34 years$30,430$20,737$13,783$8,974$5,750$552
35 years$29,236$19,669$12,886$8,261$5,208$460
36 years$28,112$18,668$12,054$7,608$4,718$383
37 years$27,050$17,731$11,283$7,010$4,277$319
38 years$26,047$16,850$10,566$6,461$3,877$266
39 years$25,098$16,023$9,899$5,958$3,516$221
40 years$24,199$15,245$9,278$5,495$3,189$184
41 years$23,345$14,511$8,700$5,070$2,893$154
42 years$22,535$13,820$8,161$4,679$2,625$128
43 years$21,764$13,168$7,658$4,319$2,383$107
44 years$21,030$12,552$7,188$3,988$2,163$89
45 years$20,331$11,969$6,750$3,683$1,963$74
46 years$19,664$11,418$6,339$3,402$1,783$62
47 years$19,028$10,896$5,956$3,143$1,619$51
48 years$18,419$10,402$5,597$2,904$1,470$43
49 years$17,838$9,933$5,261$2,684$1,335$36
50 years$17,281$9,489$4,946$2,481$1,213$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,700,000, adding $3,992 every year, while hoping to spend $33,129 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: 35/39/26 Blend
54$17,700,000$17,700,000$17,700,000$17,700,000
55$19,509,518$18,571,418$18,297,068$20,038,917
56$21,464,240$19,446,168$18,874,771$21,308,458
57$23,617,233$20,362,671$19,470,716$22,674,025
58$25,988,686$21,322,937$20,085,480$24,146,815
59$28,600,846$22,329,075$20,719,658$25,736,431
60$31,478,227$23,383,295$21,373,862$27,453,397
61$34,647,845$24,487,915$22,048,724$29,309,252
62$38,139,467$25,645,365$22,744,898$31,316,646
63$41,985,896$26,858,192$23,463,057$33,489,455
64$46,223,283$28,129,068$24,203,894$35,842,901
65$50,891,459$29,460,794$24,968,126$38,393,686
66$56,034,322$30,856,307$25,756,492$41,160,142
67$61,700,243$32,318,686$26,569,755$44,162,389
68$67,942,525$33,851,159$27,408,699$47,422,520
69$74,819,910$35,457,113$28,274,138$50,964,793
70$82,397,126$37,140,097$29,166,907$54,815,852
71$90,745,504$38,903,833$30,087,869$59,004,965
72$99,943,649$40,752,224$31,037,916$63,564,284
73$110,078,180$42,689,362$32,017,966$68,529,140
74$121,244,553$44,719,539$33,028,966$73,938,361
75$133,547,955$46,847,255$34,071,894$79,834,622
76$147,104,303$49,077,226$35,147,759$86,264,831
77$162,041,334$51,414,402$36,257,600$93,280,563
78$178,499,812$53,863,970$37,402,492$100,938,519
79$196,634,858$56,431,369$38,583,541$109,301,055
80$216,617,412$59,122,306$39,801,888$118,436,741
81$238,635,850$61,942,761$41,058,714$128,420,999
82$262,897,758$64,899,007$42,355,231$139,336,787
83$289,631,893$67,997,622$43,692,696$151,275,365
84$319,090,345$71,245,504$45,072,400$164,337,135
85$351,550,913$74,649,887$46,495,678$178,632,560
86$387,319,730$78,218,355$47,963,907$194,283,189
87$426,734,150$81,958,862$49,478,506$211,422,777
88$470,165,938$85,879,751$51,040,940$230,198,518
89$518,024,772$89,989,767$52,652,720$250,772,411
90$570,762,117$94,298,084$54,315,404$273,322,757
91$628,875,484$98,814,321$56,030,602$298,045,814
92$692,913,127$103,548,567$57,799,971$325,157,616
93$763,479,219$108,511,399$59,625,222$354,895,981
94$841,239,554$113,713,913$61,508,122$387,522,718
95$926,927,835$119,167,741$63,450,490$423,326,067
96$1,021,352,599$124,885,085$65,454,206$462,623,376
97$1,125,404,849$130,878,739$67,521,208$505,764,061
98$1,240,066,469$137,162,123$69,653,494$553,132,861
99$1,366,419,490$143,749,308$71,853,126$605,153,427
100$1,505,656,305$150,655,051$74,122,234$662,292,274