Can I retire at age 55 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,381,680
2 years$731,765$718,137$704,928$692,122$679,701$634,089
3 years$482,997$469,310$456,135$443,449$431,230$387,129
4 years$358,638$344,993$331,950$319,480$307,557$265,305
5 years$284,042$270,478$257,607$245,392$233,800$193,510
6 years$234,327$220,866$208,184$196,242$184,998$146,703
7 years$198,831$185,483$173,002$161,341$150,453$114,150
8 years$172,221$158,993$146,720$135,345$124,815$90,479
9 years$151,535$138,432$126,370$115,284$105,112$72,704
10 years$134,996$122,021$110,172$99,376$89,561$59,031
11 years$121,473$108,628$96,994$86,487$77,025$48,318
12 years$110,211$97,499$86,079$75,860$66,749$39,802
13 years$100,690$88,110$76,906$66,973$58,206$32,954
14 years$92,536$80,090$69,101$59,452$51,023$27,396
15 years$85,476$73,164$62,388$53,020$44,925$22,853
16 years$79,304$67,126$56,564$47,474$39,705$19,115
17 years$73,864$61,821$51,471$42,655$35,205$16,025
18 years$69,033$57,125$46,987$38,441$31,303$13,459
19 years$64,717$52,943$43,014$34,734$27,901$11,322
20 years$60,836$49,197$39,476$31,459$24,921$9,537
21 years$57,330$45,825$36,310$28,551$22,302$8,042
22 years$54,147$42,776$33,466$25,959$19,990$6,788
23 years$51,245$40,008$30,900$23,642$17,945$5,733
24 years$48,589$37,485$28,577$21,562$16,129$4,846
25 years$46,149$35,177$26,468$19,692$14,514$4,098
26 years$43,900$33,061$24,548$18,005$13,073$3,467
27 years$41,822$31,114$22,795$16,481$11,787$2,934
28 years$39,895$29,319$21,191$15,100$10,635$2,484
29 years$38,105$27,659$19,720$13,847$9,603$2,104
30 years$36,437$26,121$18,368$12,708$8,677$1,782
31 years$34,879$24,693$17,124$11,671$7,845$1,510
32 years$33,422$23,365$15,977$10,726$7,096$1,280
33 years$32,056$22,127$14,918$9,864$6,422$1,084
34 years$30,773$20,971$13,938$9,075$5,815$919
35 years$29,567$19,891$13,031$8,354$5,267$779
36 years$28,429$18,879$12,191$7,694$4,772$661
37 years$27,356$17,931$11,410$7,089$4,325$560
38 years$26,342$17,041$10,685$6,534$3,921$475
39 years$25,382$16,204$10,011$6,025$3,556$403
40 years$24,472$15,417$9,383$5,557$3,225$341
41 years$23,609$14,675$8,798$5,127$2,926$290
42 years$22,789$13,976$8,253$4,732$2,655$246
43 years$22,010$13,317$7,745$4,368$2,409$208
44 years$21,268$12,694$7,270$4,033$2,187$177
45 years$20,561$12,104$6,826$3,725$1,985$150
46 years$19,886$11,547$6,411$3,441$1,803$127
47 years$19,243$11,020$6,023$3,179$1,637$108
48 years$18,628$10,520$5,660$2,937$1,487$91
49 years$18,039$10,046$5,320$2,714$1,350$77
50 years$17,477$9,596$5,002$2,509$1,226$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,900,000, adding $4,446 every year, while hoping to spend $23,272 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: 45/45/10 Blend
54$17,900,000$17,900,000$17,900,000$17,900,000
55$19,730,386$18,781,686$18,504,236$20,562,279
56$21,718,124$19,677,227$19,099,367$22,034,338
57$23,907,832$20,615,870$19,713,654$23,626,843
58$26,320,085$21,599,702$20,347,716$25,353,084
59$28,977,558$22,630,912$21,002,189$27,225,407
60$31,905,237$23,711,795$21,677,730$29,257,352
61$35,130,656$24,844,758$22,375,020$31,463,781
62$38,684,158$26,032,326$23,094,757$33,861,003
63$42,599,177$27,277,145$23,837,667$36,466,925
64$46,912,559$28,581,991$24,604,495$39,301,204
65$51,664,906$29,949,775$25,396,011$42,385,430
66$56,900,962$31,383,549$26,213,013$45,743,314
67$62,670,032$32,886,514$27,056,320$49,400,902
68$69,026,449$34,462,028$27,926,782$53,386,811
69$76,030,090$36,113,610$28,825,272$57,732,485
70$83,746,935$37,844,953$29,752,694$62,472,481
71$92,249,693$39,659,927$30,709,981$67,644,779
72$101,618,492$41,562,593$31,698,094$73,291,130
73$111,941,626$43,557,208$32,718,029$79,457,432
74$123,316,399$45,648,238$33,770,810$86,194,152
75$135,850,035$47,840,366$34,857,496$93,556,782
76$149,660,697$50,138,501$35,979,179$101,606,350
77$164,878,595$52,547,795$37,136,989$110,409,976
78$181,647,223$55,073,649$38,332,090$120,041,488
79$200,124,708$57,721,726$39,565,683$130,582,100
80$220,485,305$60,497,967$40,839,010$142,121,156
81$242,921,041$63,408,602$42,153,351$154,756,957
82$267,643,528$66,460,164$43,510,030$168,597,662
83$294,885,962$69,659,506$44,910,410$183,762,288
84$324,905,322$73,013,814$46,355,900$200,381,810
85$357,984,798$76,530,624$47,847,956$218,600,369
86$394,436,463$80,217,841$49,388,079$238,576,608
87$434,604,221$84,083,753$50,977,818$260,485,144
88$478,867,050$88,137,055$52,618,773$284,518,180
89$527,642,583$92,386,865$54,312,596$310,887,296
90$581,391,050$96,842,745$56,060,991$339,825,411
91$640,619,621$101,514,724$57,865,719$371,588,945
92$705,887,198$106,413,321$59,728,596$406,460,212
93$777,809,685$111,549,567$61,651,497$444,750,040
94$857,065,808$116,935,031$63,636,358$486,800,670
95$944,403,522$122,581,849$65,685,177$532,988,949
96$1,040,647,068$128,502,746$67,800,017$583,729,838
97$1,146,704,759$134,711,070$69,983,007$639,480,291
98$1,263,577,552$141,220,821$72,236,346$700,743,518
99$1,392,368,501$148,046,680$74,562,302$768,073,688
100$1,534,293,167$155,204,046$76,963,218$842,081,110