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

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,358,644
2 years$723,589$710,113$697,052$684,389$672,106$619,537
3 years$477,601$464,066$451,039$438,495$426,412$375,705
4 years$354,631$341,138$328,241$315,911$304,120$255,664
5 years$280,868$267,456$254,728$242,650$231,188$185,106
6 years$231,709$218,398$205,858$194,049$182,931$139,257
7 years$196,609$183,410$171,069$159,538$148,772$107,493
8 years$170,296$157,217$145,080$133,833$123,420$84,499
9 years$149,842$136,885$124,958$113,996$103,938$67,320
10 years$133,487$120,658$108,941$98,265$88,560$54,179
11 years$120,115$107,415$95,910$85,520$76,165$43,945
12 years$108,980$96,409$85,118$75,013$66,003$35,863
13 years$99,565$87,126$76,047$66,225$57,556$29,411
14 years$91,502$79,195$68,328$58,787$50,453$24,213
15 years$84,521$72,346$61,691$52,428$44,423$19,997
16 years$78,418$66,376$55,932$46,944$39,261$16,558
17 years$73,038$61,130$50,896$42,178$34,812$13,739
18 years$68,262$56,487$46,462$38,011$30,953$11,420
19 years$63,994$52,351$42,533$34,346$27,589$9,505
20 years$60,157$48,648$39,035$31,107$24,643$7,921
21 years$56,690$45,313$35,905$28,232$22,053$6,607
22 years$53,542$42,298$33,092$25,669$19,767$5,516
23 years$50,673$39,561$30,554$23,377$17,744$4,608
24 years$48,046$37,066$28,258$21,322$15,949$3,851
25 years$45,633$34,784$26,172$19,472$14,351$3,221
26 years$43,410$32,692$24,273$17,804$12,927$2,694
27 years$41,355$30,767$22,540$16,297$11,655$2,255
28 years$39,449$28,991$20,954$14,931$10,517$1,887
29 years$37,679$27,350$19,499$13,692$9,496$1,580
30 years$36,030$25,829$18,163$12,566$8,580$1,323
31 years$34,490$24,417$16,933$11,541$7,757$1,108
32 years$33,049$23,104$15,799$10,606$7,017$928
33 years$31,698$21,879$14,751$9,753$6,351$778
34 years$30,430$20,737$13,783$8,974$5,750$652
35 years$29,236$19,669$12,886$8,261$5,208$546
36 years$28,112$18,668$12,054$7,608$4,718$457
37 years$27,050$17,731$11,283$7,010$4,277$383
38 years$26,047$16,850$10,566$6,461$3,877$321
39 years$25,098$16,023$9,899$5,958$3,516$269
40 years$24,199$15,245$9,278$5,495$3,189$226
41 years$23,345$14,511$8,700$5,070$2,893$189
42 years$22,535$13,820$8,161$4,679$2,625$158
43 years$21,764$13,168$7,658$4,319$2,383$133
44 years$21,030$12,552$7,188$3,988$2,163$111
45 years$20,331$11,969$6,750$3,683$1,963$93
46 years$19,664$11,418$6,339$3,402$1,783$78
47 years$19,028$10,896$5,956$3,143$1,619$66
48 years$18,419$10,402$5,597$2,904$1,470$55
49 years$17,838$9,933$5,261$2,684$1,335$46
50 years$17,281$9,489$4,946$2,481$1,213$39

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 $2,371 every year, while hoping to spend $28,506 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: 26/49/25 Blend
54$17,700,000$17,700,000$17,700,000$17,700,000
55$19,507,846$18,569,746$18,295,396$19,861,352
56$21,467,316$19,449,333$18,877,961$21,027,347
57$23,625,696$20,371,065$19,479,087$22,274,918
58$26,003,246$21,336,976$20,099,366$23,612,944
59$28,622,290$22,349,200$20,739,407$25,049,076
60$31,507,427$23,409,975$21,399,841$26,591,676
61$34,685,767$24,521,646$22,081,318$28,249,884
62$38,187,182$25,686,673$22,784,509$30,033,698
63$42,044,590$26,907,636$23,510,105$31,954,053
64$46,294,267$28,187,239$24,258,823$34,022,919
65$50,976,187$29,528,318$25,031,398$36,253,397
66$56,134,399$30,933,847$25,828,591$38,659,833
67$61,817,447$32,406,944$26,651,187$41,257,941
68$68,078,821$33,950,878$27,499,996$44,064,938
69$74,977,469$35,569,080$28,375,855$47,099,692
70$82,578,349$37,265,144$29,279,624$50,382,886
71$90,953,045$39,042,839$30,212,196$53,937,197
72$100,180,438$40,906,121$31,174,487$57,787,497
73$110,347,456$42,859,134$32,167,445$61,961,067
74$121,549,891$44,906,226$33,192,049$66,487,842
75$133,893,304$47,051,956$34,249,308$71,400,671
76$147,494,024$49,301,104$35,340,262$76,735,611
77$162,480,240$51,658,685$36,465,987$82,532,245
78$178,993,218$54,129,954$37,627,591$88,834,038
79$197,188,630$56,720,425$38,826,218$95,688,722
80$217,238,024$59,435,879$40,063,050$103,148,726
81$239,330,445$62,282,380$41,339,305$111,271,647
82$263,674,218$65,266,284$42,656,240$120,120,767
83$290,498,916$68,394,260$44,015,152$129,765,626
84$320,057,527$71,673,300$45,417,380$140,282,649
85$352,628,839$75,110,735$46,864,306$151,755,841
86$388,520,076$78,714,257$48,357,356$164,277,549
87$428,069,796$82,491,929$49,898,001$177,949,303
88$471,651,090$86,452,207$51,487,758$192,882,739
89$519,675,098$90,603,962$53,128,194$209,200,621
90$572,594,895$94,956,494$54,820,927$227,037,963
91$630,909,770$99,519,558$56,567,624$246,543,265
92$695,169,934$104,303,383$58,370,006$267,879,878
93$765,981,716$109,318,698$60,229,850$291,227,501
94$844,013,290$114,576,753$62,148,989$316,783,835
95$930,000,979$120,089,348$64,129,314$344,766,406
96$1,024,756,211$125,868,858$66,172,778$375,414,570
97$1,129,173,173$131,928,260$68,281,394$408,991,720
98$1,244,237,257$138,281,166$70,457,242$445,787,723
99$1,371,034,364$144,941,849$72,702,466$486,121,605
100$1,510,761,150$151,925,281$75,019,279$530,344,498