Can I retire at age 53 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,320,987
2 years$699,060$686,041$673,423$661,189$649,323$606,792
3 years$461,411$448,335$435,749$423,630$411,957$370,821
4 years$342,609$329,574$317,114$305,202$293,811$254,385
5 years$271,347$258,390$246,093$234,424$223,351$185,741
6 years$223,855$210,995$198,880$187,471$176,730$140,968
7 years$189,945$177,193$165,270$154,130$143,729$109,813
8 years$164,524$151,887$140,162$129,296$119,237$87,144
9 years$144,762$132,245$120,722$110,132$100,415$70,110
10 years$128,962$116,568$105,248$94,934$85,558$56,996
11 years$116,044$103,773$92,659$82,621$73,583$46,713
12 years$105,286$93,141$82,232$72,470$63,765$38,530
13 years$96,190$84,173$73,469$63,980$55,605$31,944
14 years$88,400$76,511$66,012$56,794$48,743$26,594
15 years$81,655$69,894$59,600$50,651$42,917$22,215
16 years$75,759$64,126$54,036$45,352$37,930$18,608
17 years$70,563$59,058$49,171$40,749$33,631$15,623
18 years$65,948$54,572$44,887$36,723$29,904$13,141
19 years$61,824$50,577$41,092$33,182$26,654$11,072
20 years$58,117$46,998$37,712$30,053$23,808$9,340
21 years$54,768$43,777$34,688$27,275$21,305$7,888
22 years$51,727$40,864$31,970$24,799$19,097$6,668
23 years$48,955$38,220$29,519$22,585$17,143$5,641
24 years$46,417$35,809$27,300$20,599$15,408$4,775
25 years$44,086$33,605$25,285$18,812$13,865$4,045
26 years$41,938$31,584$23,451$17,201$12,489$3,428
27 years$39,953$29,724$21,776$15,744$11,260$2,906
28 years$38,112$28,009$20,244$14,425$10,160$2,464
29 years$36,402$26,423$18,838$13,228$9,174$2,090
30 years$34,808$24,954$17,547$12,140$8,290$1,774
31 years$33,320$23,589$16,359$11,150$7,495$1,505
32 years$31,928$22,320$15,263$10,247$6,779$1,278
33 years$30,624$21,138$14,251$9,423$6,135$1,085
34 years$29,398$20,034$13,315$8,670$5,555$921
35 years$28,245$19,002$12,449$7,981$5,031$782
36 years$27,159$18,035$11,646$7,350$4,559$664
37 years$26,133$17,130$10,900$6,772$4,132$564
38 years$25,164$16,279$10,208$6,242$3,746$479
39 years$24,247$15,480$9,563$5,756$3,397$407
40 years$23,378$14,728$8,964$5,309$3,081$346
41 years$22,554$14,020$8,405$4,898$2,795$293
42 years$21,771$13,352$7,884$4,520$2,536$249
43 years$21,026$12,722$7,398$4,173$2,302$212
44 years$20,317$12,126$6,945$3,853$2,089$180
45 years$19,642$11,564$6,521$3,558$1,897$153
46 years$18,998$11,031$6,125$3,287$1,722$130
47 years$18,383$10,527$5,754$3,037$1,564$110
48 years$17,795$10,049$5,407$2,806$1,420$94
49 years$17,233$9,597$5,082$2,593$1,290$80
50 years$16,696$9,167$4,778$2,397$1,172$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,100,000, adding $4,101 every year, while hoping to spend $40,376 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: 69/12/19 Blend
52$17,100,000$17,100,000$17,100,000$17,100,000
53$18,848,430$17,942,130$17,677,080$20,061,335
54$20,728,010$18,778,335$18,226,303$21,707,539
55$22,797,954$19,654,160$18,792,571$23,503,039
56$25,077,637$20,571,505$19,376,413$25,466,701
57$27,588,407$21,532,360$19,978,374$27,615,116
58$30,353,791$22,538,812$20,599,016$29,966,545
59$33,399,712$23,593,048$21,238,917$32,541,091
60$36,754,736$24,697,361$21,898,675$35,360,879
61$40,450,343$25,854,156$22,578,904$38,450,270
62$44,521,221$27,065,952$23,280,240$41,836,082
63$49,005,594$28,335,392$24,003,337$45,547,840
64$53,945,584$29,665,246$24,748,868$49,618,056
65$59,387,607$31,058,417$25,517,529$54,082,525
66$65,382,814$32,517,950$26,310,037$58,980,664
67$71,987,568$34,047,037$27,127,130$64,355,879
68$79,263,982$35,649,024$27,969,571$70,255,970
69$87,280,501$37,327,419$28,838,145$76,733,578
70$96,112,551$39,085,901$29,733,661$83,846,675
71$105,843,247$40,928,325$30,656,954$91,659,112
72$116,564,181$42,858,736$31,608,885$100,241,211
73$128,376,285$44,881,372$32,590,340$109,670,427
74$141,390,784$47,000,678$33,602,235$120,032,073
75$155,730,247$49,221,313$34,645,512$131,420,118
76$171,529,738$51,548,164$35,721,144$143,938,070
77$188,938,101$53,986,354$36,830,131$157,699,948
78$208,119,355$56,541,253$37,973,509$172,831,348
79$229,254,248$59,218,493$39,152,340$189,470,626
80$252,541,963$62,023,980$40,367,724$207,770,195
81$278,201,993$64,963,905$41,620,793$227,897,955
82$306,476,219$68,044,760$42,912,713$250,038,876
83$337,631,192$71,273,352$44,244,688$274,396,729
84$371,960,646$74,656,818$45,617,957$301,196,007
85$409,788,273$78,202,644$47,033,800$330,684,032
86$451,470,779$81,918,675$48,493,533$363,133,282
87$497,401,249$85,813,141$49,998,518$398,843,957
88$548,012,861$89,894,670$51,550,153$438,146,795
89$603,782,974$94,172,309$53,149,884$481,406,195
90$665,237,631$98,655,546$54,799,199$529,023,636
91$732,956,531$103,354,329$56,499,633$581,441,462
92$807,578,494$108,279,089$58,252,768$639,147,047
93$889,807,501$113,440,764$60,060,236$702,677,377
94$980,419,330$118,850,826$61,923,718$772,624,116
95$1,080,268,887$124,521,302$63,844,948$849,639,171
96$1,190,298,273$130,464,805$65,825,713$934,440,835
97$1,311,545,678$136,694,561$67,867,855$1,027,820,555
98$1,445,155,182$143,224,440$69,973,274$1,130,650,386
99$1,592,387,560$150,068,986$72,143,928$1,243,891,211
100$1,754,632,176$157,243,452$74,381,834$1,368,601,792