Can I retire at age 53 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,357,794
2 years$703,148$690,053$677,361$665,056$653,120$639,263
3 years$464,109$450,957$438,298$426,108$414,366$400,839
4 years$344,613$331,501$318,968$306,987$295,529$282,438
5 years$272,934$259,901$247,533$235,795$224,657$212,038
6 years$225,164$212,229$200,043$188,567$177,763$165,634
7 years$191,055$178,229$166,237$155,032$144,569$132,934
8 years$165,486$152,776$140,982$130,052$119,934$108,792
9 years$145,609$133,019$121,428$110,776$101,002$90,350
10 years$129,717$117,249$105,863$95,490$86,059$75,890
11 years$116,722$104,380$93,200$83,105$74,013$64,319
12 years$105,901$93,686$82,713$72,894$64,138$54,909
13 years$96,753$84,665$73,899$64,354$55,930$47,155
14 years$88,917$76,958$66,398$57,127$49,028$40,696
15 years$82,133$70,302$59,949$50,947$43,168$35,266
16 years$76,202$64,501$54,352$45,617$38,152$30,666
17 years$70,975$59,403$49,458$40,987$33,828$26,746
18 years$66,334$54,891$45,149$36,937$30,078$23,385
19 years$62,186$50,873$41,332$33,376$26,810$20,492
20 years$58,457$47,273$37,932$30,229$23,947$17,989
21 years$55,088$44,033$34,890$27,434$21,430$15,818
22 years$52,030$41,103$32,157$24,944$19,209$13,929
23 years$49,241$38,443$29,691$22,717$17,243$12,280
24 years$46,689$36,019$27,459$20,719$15,498$10,838
25 years$44,344$33,802$25,433$18,922$13,946$9,575
26 years$42,184$31,768$23,588$17,301$12,562$8,465
27 years$40,186$29,898$21,903$15,836$11,326$7,490
28 years$38,335$28,172$20,362$14,509$10,219$6,631
29 years$36,615$26,577$18,949$13,305$9,228$5,874
30 years$35,012$25,100$17,650$12,211$8,338$5,206
31 years$33,515$23,727$16,454$11,215$7,538$4,616
32 years$32,115$22,451$15,352$10,307$6,819$4,094
33 years$30,803$21,261$14,334$9,478$6,171$3,633
34 years$29,570$20,151$13,393$8,721$5,587$3,224
35 years$28,410$19,113$12,522$8,028$5,061$2,863
36 years$27,318$18,141$11,714$7,393$4,585$2,542
37 years$26,286$17,230$10,964$6,812$4,156$2,258
38 years$25,312$16,374$10,267$6,279$3,768$2,006
39 years$24,389$15,570$9,619$5,789$3,417$1,782
40 years$23,515$14,814$9,016$5,340$3,099$1,584
41 years$22,686$14,102$8,454$4,927$2,811$1,408
42 years$21,898$13,430$7,930$4,547$2,551$1,251
43 years$21,149$12,796$7,442$4,197$2,315$1,112
44 years$20,436$12,197$6,985$3,875$2,102$989
45 years$19,757$11,631$6,559$3,579$1,908$879
46 years$19,109$11,096$6,160$3,306$1,732$782
47 years$18,490$10,589$5,788$3,054$1,573$695
48 years$17,899$10,108$5,439$2,822$1,428$618
49 years$17,334$9,653$5,112$2,608$1,297$550
50 years$16,793$9,221$4,806$2,411$1,178$489

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,200,000, adding $6,242 every year, while hoping to spend $44,648 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: 55/39/6 Blend
52$17,200,000$17,200,000$17,200,000$17,200,000
53$18,960,839$18,049,239$17,782,639$19,978,493
54$20,847,339$18,886,146$18,330,852$21,502,448
55$22,924,766$19,762,566$18,895,934$23,155,285
56$25,212,547$20,680,386$19,478,403$24,953,637
57$27,732,090$21,641,588$20,078,792$26,911,322
58$30,506,983$22,648,246$20,697,652$29,043,521
59$33,563,222$23,702,537$21,335,549$31,366,915
60$36,929,449$24,806,740$21,993,069$33,899,834
61$40,637,230$25,963,247$22,670,814$36,662,424
62$44,721,345$27,174,563$23,369,403$39,676,830
63$49,220,121$28,443,316$24,089,478$42,967,398
64$54,175,795$29,772,260$24,831,696$46,560,894
65$59,634,906$31,164,281$25,596,739$50,486,749
66$65,648,743$32,622,407$26,385,305$54,777,331
67$72,273,819$34,149,810$27,198,118$59,468,236
68$79,572,414$35,749,816$28,035,920$64,598,618
69$87,613,155$37,425,912$28,899,479$70,211,546
70$96,471,670$39,181,754$29,789,584$76,354,404
71$106,231,295$41,021,174$30,707,049$83,079,320
72$116,983,866$42,948,191$31,652,715$90,443,651
73$128,830,584$44,967,017$32,627,445$98,510,514
74$141,882,971$47,082,067$33,632,131$107,349,362
75$156,263,918$49,297,972$34,667,691$117,036,633
76$172,108,851$51,619,587$35,735,073$127,656,453
77$189,567,007$54,052,000$36,835,251$139,301,417
78$208,802,841$56,600,547$37,969,231$152,073,446
79$229,997,581$59,270,824$39,138,050$166,084,736
80$253,350,934$62,068,694$40,342,775$181,458,797
81$279,082,978$65,000,309$41,584,507$198,331,600
82$307,436,234$68,072,116$42,864,379$216,852,847
83$338,677,955$71,290,875$44,183,561$237,187,358
84$373,102,653$74,663,675$45,543,258$259,516,613
85$411,034,877$78,197,948$46,944,710$284,040,437
86$452,832,273$81,901,486$48,389,196$310,978,868
87$498,888,967$85,782,461$49,878,036$340,574,211
88$549,639,279$89,849,439$51,412,588$373,093,296
89$605,561,828$94,111,404$52,994,252$408,829,976
90$667,184,046$98,577,774$54,624,471$448,107,871
91$735,087,160$103,258,427$56,304,732$491,283,396
92$809,911,677$108,163,716$58,036,568$538,749,094
93$892,363,433$113,304,503$59,821,557$590,937,313
94$983,220,251$118,692,172$61,661,328$648,324,251
95$1,083,339,291$124,338,663$63,557,556$711,434,422
96$1,193,665,137$130,256,495$65,511,972$780,845,566
97$1,315,238,713$136,458,795$67,526,356$857,194,071
98$1,449,207,116$142,959,330$69,602,543$941,180,937
99$1,596,834,438$149,772,534$71,742,425$1,033,578,353
100$1,759,513,706$156,913,543$73,947,951$1,135,236,947