Can I retire at age 53 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,352,779
2 years$707,237$694,065$681,300$668,923$656,917$630,079
3 years$466,808$453,579$440,846$428,585$416,775$390,682
4 years$346,617$333,429$320,823$308,772$297,248$272,101
5 years$274,521$261,412$248,972$237,166$225,963$201,834
6 years$226,473$213,463$201,206$189,664$178,797$155,712
7 years$192,166$179,266$167,203$155,933$145,410$123,375
8 years$166,448$153,664$141,802$130,808$120,631$99,640
9 years$146,455$133,792$122,134$111,420$101,589$81,629
10 years$130,471$117,931$106,479$96,045$86,559$67,610
11 years$117,401$104,987$93,742$83,588$74,444$56,484
12 years$106,517$94,231$83,194$73,318$64,511$47,515
13 years$97,315$85,157$74,328$64,729$56,255$40,195
14 years$89,434$77,405$66,784$57,459$49,313$34,159
15 years$82,611$70,711$60,297$51,243$43,419$29,139
16 years$76,646$64,876$54,668$45,883$38,374$24,937
17 years$71,388$59,749$49,746$41,225$34,025$21,397
18 years$66,719$55,210$45,412$37,152$30,253$18,401
19 years$62,547$51,168$41,572$33,570$26,965$15,855
20 years$58,797$47,548$38,153$30,404$24,086$13,683
21 years$55,409$44,289$35,093$27,594$21,554$11,825
22 years$52,332$41,342$32,344$25,089$19,320$10,231
23 years$49,527$38,667$29,864$22,849$17,343$8,862
24 years$46,960$36,228$27,619$20,840$15,588$7,682
25 years$44,602$33,998$25,581$19,032$14,027$6,665
26 years$42,429$31,953$23,725$17,402$12,635$5,786
27 years$40,420$30,071$22,031$15,928$11,392$5,025
28 years$38,558$28,336$20,480$14,594$10,279$4,367
29 years$36,827$26,732$19,059$13,383$9,282$3,797
30 years$35,215$25,246$17,752$12,282$8,386$3,302
31 years$33,710$23,865$16,550$11,280$7,582$2,873
32 years$32,302$22,581$15,442$10,367$6,859$2,500
33 years$30,982$21,385$14,418$9,533$6,207$2,176
34 years$29,742$20,268$13,471$8,771$5,620$1,895
35 years$28,576$19,224$12,595$8,074$5,090$1,650
36 years$27,476$18,246$11,782$7,436$4,612$1,437
37 years$26,439$17,330$11,028$6,852$4,180$1,251
38 years$25,459$16,470$10,327$6,315$3,789$1,090
39 years$24,531$15,661$9,675$5,823$3,436$950
40 years$23,652$14,900$9,069$5,371$3,117$828
41 years$22,818$14,184$8,503$4,955$2,828$721
42 years$22,025$13,508$7,977$4,573$2,566$628
43 years$21,272$12,870$7,485$4,222$2,329$548
44 years$20,555$12,268$7,026$3,898$2,114$477
45 years$19,872$11,699$6,597$3,600$1,919$416
46 years$19,220$11,160$6,196$3,325$1,742$363
47 years$18,598$10,650$5,821$3,072$1,582$316
48 years$18,003$10,167$5,470$2,839$1,437$275
49 years$17,435$9,709$5,142$2,624$1,305$240
50 years$16,891$9,274$4,834$2,425$1,185$209

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,300,000, adding $6,987 every year, while hoping to spend $53,467 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: 30/41/29 Blend
52$17,300,000$17,300,000$17,300,000$17,300,000
53$19,071,807$18,154,907$17,886,757$19,473,877
54$20,960,243$18,987,609$18,429,075$20,622,744
55$23,039,507$19,859,321$18,987,769$21,852,620
56$25,329,008$20,771,899$19,563,330$23,174,636
57$27,850,131$21,727,287$20,156,266$24,596,849
58$30,626,443$22,727,522$20,767,099$26,128,083
59$33,683,909$23,774,739$21,396,365$27,778,002
60$37,051,144$24,871,178$22,044,620$29,557,196
61$40,759,679$26,019,184$22,712,433$31,477,267
62$44,844,257$27,221,215$23,400,391$33,550,936
63$49,343,166$28,479,850$24,109,099$35,792,151
64$54,298,595$29,797,788$24,839,180$38,216,207
65$59,757,034$31,177,862$25,591,274$40,839,885
66$65,769,714$32,623,039$26,366,044$43,681,595
67$72,393,086$34,136,430$27,164,168$46,761,543
68$79,689,361$35,721,295$27,986,348$50,101,907
69$87,727,089$37,381,052$28,833,304$53,727,038
70$96,581,813$39,119,284$29,705,780$57,663,672
71$106,336,774$40,939,745$30,604,540$61,941,175
72$117,083,706$42,846,374$31,530,373$66,591,801
73$128,923,693$44,843,295$32,484,090$71,650,989
74$141,968,129$46,934,835$33,466,526$77,157,676
75$156,339,764$49,125,529$34,478,541$83,154,652
76$172,173,870$51,420,129$35,521,021$89,688,946
77$189,619,509$53,823,620$36,594,880$96,812,257
78$208,840,946$56,341,224$37,701,055$104,581,419
79$230,019,197$58,978,419$38,840,516$113,058,922
80$253,353,739$61,740,945$40,014,257$122,313,479
81$279,064,391$64,634,822$41,223,305$132,420,660
82$307,393,389$67,666,359$42,468,716$143,463,579
83$338,607,675$70,842,170$43,751,577$155,533,657
84$373,001,412$74,169,191$45,073,010$168,731,465
85$410,898,767$77,654,693$46,434,167$183,167,643
86$452,656,966$81,306,297$47,836,236$198,963,926
87$498,669,666$85,131,995$49,280,440$216,254,261
88$549,370,675$89,140,166$50,768,037$235,186,045
89$605,238,043$93,339,593$52,300,326$255,921,490
90$666,798,577$97,739,487$53,878,640$278,639,117
91$734,632,812$102,349,502$55,504,355$303,535,418
92$809,380,494$107,179,762$57,178,885$330,826,672
93$891,746,616$112,240,882$58,903,690$360,750,950
94$982,508,075$117,543,990$60,680,268$393,570,332
95$1,082,521,008$123,100,755$62,510,166$429,573,339
96$1,192,728,869$128,923,410$64,394,975$469,077,615
97$1,314,171,339$135,024,782$66,336,332$512,432,887
98$1,447,994,141$141,418,322$68,335,924$560,024,221
99$1,595,459,855$148,118,131$70,395,489$612,275,613
100$1,757,959,836$155,138,995$72,516,814$669,653,941