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%14%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,388,041
2 years$723,589$710,113$697,052$684,389$672,106$648,617
3 years$477,601$464,066$451,039$438,495$426,412$403,547
4 years$354,631$341,138$328,241$315,911$304,120$282,056
5 years$280,868$267,456$254,728$242,650$231,188$209,988
6 years$231,709$218,398$205,858$194,049$182,931$162,619
7 years$196,609$183,410$171,069$159,538$148,772$129,355
8 years$170,296$157,217$145,080$133,833$123,420$104,894
9 years$149,842$136,885$124,958$113,996$103,938$86,292
10 years$133,487$120,658$108,941$98,265$88,560$71,780
11 years$120,115$107,415$95,910$85,520$76,165$60,233
12 years$108,980$96,409$85,118$75,013$66,003$50,899
13 years$99,565$87,126$76,047$66,225$57,556$43,256
14 years$91,502$79,195$68,328$58,787$50,453$36,935
15 years$84,521$72,346$61,691$52,428$44,423$31,660
16 years$78,418$66,376$55,932$46,944$39,261$27,227
17 years$73,038$61,130$50,896$42,178$34,812$23,479
18 years$68,262$56,487$46,462$38,011$30,953$20,295
19 years$63,994$52,351$42,533$34,346$27,589$17,577
20 years$60,157$48,648$39,035$31,107$24,643$15,249
21 years$56,690$45,313$35,905$28,232$22,053$13,249
22 years$53,542$42,298$33,092$25,669$19,767$11,525
23 years$50,673$39,561$30,554$23,377$17,744$10,037
24 years$48,046$37,066$28,258$21,322$15,949$8,749
25 years$45,633$34,784$26,172$19,472$14,351$7,632
26 years$43,410$32,692$24,273$17,804$12,927$6,663
27 years$41,355$30,767$22,540$16,297$11,655$5,820
28 years$39,449$28,991$20,954$14,931$10,517$5,086
29 years$37,679$27,350$19,499$13,692$9,496$4,448
30 years$36,030$25,829$18,163$12,566$8,580$3,890
31 years$34,490$24,417$16,933$11,541$7,757$3,404
32 years$33,049$23,104$15,799$10,606$7,017$2,980
33 years$31,698$21,879$14,751$9,753$6,351$2,609
34 years$30,430$20,737$13,783$8,974$5,750$2,285
35 years$29,236$19,669$12,886$8,261$5,208$2,001
36 years$28,112$18,668$12,054$7,608$4,718$1,753
37 years$27,050$17,731$11,283$7,010$4,277$1,536
38 years$26,047$16,850$10,566$6,461$3,877$1,346
39 years$25,098$16,023$9,899$5,958$3,516$1,180
40 years$24,199$15,245$9,278$5,495$3,189$1,034
41 years$23,345$14,511$8,700$5,070$2,893$907
42 years$22,535$13,820$8,161$4,679$2,625$795
43 years$21,764$13,168$7,658$4,319$2,383$697
44 years$21,030$12,552$7,188$3,988$2,163$611
45 years$20,331$11,969$6,750$3,683$1,963$536
46 years$19,664$11,418$6,339$3,402$1,783$470
47 years$19,028$10,896$5,956$3,143$1,619$412
48 years$18,419$10,402$5,597$2,904$1,470$361
49 years$17,838$9,933$5,261$2,684$1,335$317
50 years$17,281$9,489$4,946$2,481$1,213$278

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 $6,416 every year, while hoping to spend $38,468 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: 43/50/7 Blend
54$17,700,000$17,700,000$17,700,000$17,700,000
55$19,512,018$18,573,918$18,299,568$20,311,399
56$21,461,314$19,443,110$18,871,674$21,735,735
57$23,608,149$20,353,604$19,461,656$23,273,362
58$25,972,632$21,307,382$20,070,073$24,938,162
59$28,576,920$22,306,523$20,697,500$26,741,767
60$31,445,430$23,353,207$21,344,530$28,696,935
61$34,605,068$24,449,719$22,011,777$30,817,657
62$38,085,485$25,598,454$22,699,871$33,119,285
63$41,919,350$26,801,925$23,409,462$35,618,666
64$46,142,669$28,062,763$24,141,224$38,334,290
65$50,795,113$29,383,731$24,895,847$41,286,455
66$55,920,402$30,767,721$25,674,045$44,497,447
67$61,566,713$32,217,769$26,476,555$47,991,739
68$67,787,133$33,737,056$27,304,136$51,796,213
69$74,640,166$35,328,917$28,157,570$55,940,397
70$82,190,279$36,996,850$29,037,665$60,456,731
71$90,508,513$38,744,521$29,945,252$65,380,863
72$99,673,154$40,575,776$30,881,191$70,751,968
73$109,770,471$42,494,644$31,846,366$76,613,104
74$120,895,530$44,505,352$32,841,690$83,011,602
75$133,153,092$46,612,332$33,868,104$89,999,497
76$146,658,600$48,820,229$34,926,579$97,633,999
77$161,539,273$51,133,916$36,018,115$105,978,020
78$177,935,302$53,558,501$37,143,745$115,100,746
79$196,001,176$56,099,340$38,304,533$125,078,268
80$215,907,137$58,762,049$39,501,576$135,994,284
81$237,840,792$61,552,517$40,736,006$147,940,863
82$262,008,880$64,476,918$42,008,990$161,019,293
83$288,639,226$67,541,727$43,321,731$175,341,016
84$317,982,888$70,753,733$44,675,470$191,028,648
85$350,316,532$74,120,055$46,071,487$208,217,116
86$385,945,038$77,648,157$47,511,102$227,054,902
87$425,204,382$81,345,867$48,995,674$247,705,417
88$468,464,808$85,221,393$50,526,608$270,348,509
89$516,134,319$89,283,342$52,105,350$295,182,136
90$568,662,532$93,540,738$53,733,391$322,424,193
91$626,544,921$98,003,046$55,412,271$352,314,543
92$690,327,497$102,680,189$57,143,577$385,117,238
93$760,611,959$107,582,575$58,928,943$421,122,974
94$838,061,373$112,721,116$60,770,057$460,651,801
95$923,406,438$118,107,255$62,668,659$504,056,095
96$1,017,452,378$123,752,994$64,626,543$551,723,843
97$1,121,086,547$129,670,916$66,645,557$604,082,261
98$1,235,286,802$135,874,219$68,727,611$661,601,777
99$1,361,130,740$142,376,740$70,874,670$724,800,422
100$1,499,805,867$149,192,992$73,088,764$794,248,667