Can I retire at age 53 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,310,637
2 years$694,972$682,029$669,485$657,323$645,526$600,658
3 years$458,713$445,714$433,201$421,153$409,548$366,189
4 years$340,606$327,647$315,260$303,417$292,093$250,575
5 years$269,760$256,879$244,654$233,053$222,044$182,477
6 years$222,546$209,761$197,717$186,375$175,696$138,112
7 years$188,834$176,157$164,304$153,229$142,888$107,281
8 years$163,562$150,999$139,343$128,540$118,539$84,884
9 years$143,916$131,472$120,016$109,487$99,827$68,084
10 years$128,208$115,886$104,632$94,379$85,058$55,175
11 years$115,365$103,166$92,117$82,138$73,153$45,074
12 years$104,670$92,597$81,751$72,046$63,393$37,056
13 years$95,628$83,680$73,039$63,606$55,280$30,618
14 years$87,883$76,063$65,626$56,462$48,458$25,401
15 years$81,178$69,485$59,252$50,355$42,666$21,143
16 years$75,316$63,751$53,720$45,087$37,708$17,647
17 years$70,150$58,712$48,883$40,510$33,435$14,762
18 years$65,562$54,253$44,624$36,508$29,729$12,371
19 years$61,463$50,281$40,851$32,988$26,498$10,383
20 years$57,778$46,724$37,491$29,877$23,668$8,726
21 years$54,448$43,521$34,485$27,115$21,180$7,341
22 years$51,425$40,625$31,783$24,654$18,985$6,181
23 years$48,669$37,996$29,346$22,453$17,042$5,209
24 years$46,146$35,600$27,140$20,478$15,318$4,392
25 years$43,829$33,409$25,137$18,702$13,784$3,705
26 years$41,693$31,399$23,313$17,100$12,416$3,127
27 years$39,719$29,550$21,649$15,652$11,194$2,640
28 years$37,889$27,845$20,125$14,341$10,101$2,230
29 years$36,189$26,268$18,728$13,151$9,121$1,884
30 years$34,605$24,808$17,445$12,069$8,241$1,592
31 years$33,126$23,452$16,263$11,085$7,451$1,345
32 years$31,742$22,190$15,174$10,187$6,740$1,137
33 years$30,445$21,014$14,168$9,368$6,099$961
34 years$29,226$19,917$13,238$8,619$5,522$813
35 years$28,080$18,891$12,376$7,934$5,002$687
36 years$27,000$17,930$11,578$7,307$4,532$581
37 years$25,981$17,029$10,836$6,733$4,107$492
38 years$25,017$16,184$10,148$6,206$3,724$416
39 years$24,106$15,389$9,507$5,722$3,377$352
40 years$23,242$14,642$8,911$5,278$3,063$297
41 years$22,422$13,938$8,356$4,869$2,779$252
42 years$21,643$13,274$7,838$4,494$2,521$213
43 years$20,903$12,647$7,355$4,148$2,288$180
44 years$20,198$12,055$6,904$3,830$2,077$152
45 years$19,527$11,496$6,483$3,537$1,886$129
46 years$18,886$10,967$6,089$3,268$1,712$109
47 years$18,275$10,465$5,720$3,019$1,555$92
48 years$17,691$9,991$5,375$2,790$1,412$78
49 years$17,132$9,541$5,053$2,578$1,282$66
50 years$16,598$9,114$4,750$2,383$1,165$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,000,000, adding $5,201 every year, while hoping to spend $48,853 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: 55/32/13 Blend
52$17,000,000$17,000,000$17,000,000$17,000,000
53$18,739,365$17,838,365$17,574,865$19,706,774
54$20,598,801$18,660,465$18,111,644$21,186,226
55$22,646,262$19,521,212$18,664,767$22,790,567
56$24,900,875$20,422,446$19,234,731$24,536,320
57$27,383,717$21,366,098$19,822,047$26,436,977
58$30,118,011$22,354,192$20,427,241$28,507,364
59$33,129,350$23,388,849$21,050,856$30,763,777
60$36,445,934$24,472,293$21,693,449$33,224,130
61$40,098,837$25,606,853$22,355,597$35,908,116
62$44,122,301$26,794,972$23,037,893$38,837,391
63$48,554,061$28,039,210$23,740,947$42,035,765
64$53,435,695$29,342,252$24,465,389$45,529,426
65$58,813,024$30,706,909$25,211,867$49,347,176
66$64,736,537$32,136,133$25,981,049$53,520,698
67$71,261,872$33,633,012$26,773,623$58,084,843
68$78,450,342$35,200,788$27,590,298$63,077,956
69$86,369,508$36,842,858$28,431,804$68,542,226
70$95,093,821$38,562,781$29,298,893$74,524,072
71$104,705,325$40,364,292$30,192,341$81,074,580
72$115,294,429$42,251,303$31,112,944$88,249,966
73$126,960,759$44,227,915$32,061,527$96,112,103
74$139,814,104$46,298,430$33,038,935$104,729,090
75$153,975,445$48,467,356$34,046,042$114,175,886
76$169,578,103$50,739,419$35,083,747$124,535,002
77$186,768,992$53,119,573$36,152,975$135,897,273
78$205,710,011$55,613,013$37,254,681$148,362,697
79$226,579,566$58,225,186$38,389,847$162,041,366
80$249,574,261$60,961,799$39,559,487$177,054,495
81$274,910,748$63,828,840$40,764,642$193,535,546
82$302,827,774$66,832,582$42,006,387$211,631,474
83$333,588,434$69,979,606$43,285,828$231,504,100
84$367,482,657$73,276,809$44,604,106$253,331,617
85$404,829,940$76,731,424$45,962,394$277,310,259
86$445,982,362$80,351,033$47,361,903$303,656,129
87$491,327,914$84,143,584$48,803,878$332,607,225
88$541,294,156$88,117,415$50,289,603$364,425,661
89$596,352,255$92,281,263$51,820,400$399,400,124
90$657,021,432$96,644,292$53,397,630$437,848,571
91$723,873,865$101,216,109$55,022,697$480,121,215
92$797,540,087$106,006,786$56,697,046$526,603,796
93$878,714,943$111,026,886$58,422,164$577,721,207
94$968,164,146$116,287,482$60,199,585$633,941,469
95$1,066,731,507$121,800,187$62,030,889$695,780,127
96$1,175,346,899$127,577,174$63,917,702$763,805,083
97$1,295,035,037$133,631,210$65,861,700$838,641,926
98$1,426,925,152$139,975,681$67,864,608$920,979,811
99$1,572,261,650$146,624,622$69,928,205$1,011,577,921
100$1,732,415,860$153,592,750$72,054,322$1,111,272,607