Can I retire at age 53 with 17,500,000?

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 $17,500,000?

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$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,349,185
2 years$715,413$702,089$689,176$676,656$664,512$618,325
3 years$472,204$458,823$445,942$433,540$421,594$376,960
4 years$350,624$337,283$324,532$312,341$300,684$257,944
5 years$277,695$264,434$251,850$239,908$228,575$187,844
6 years$229,091$215,930$203,532$191,856$180,864$142,174
7 years$194,388$181,338$169,136$157,736$147,091$110,437
8 years$168,372$155,440$143,441$132,321$122,026$87,381
9 years$148,149$135,339$123,546$112,708$102,763$70,086
10 years$131,979$119,294$107,710$97,155$87,560$56,798
11 years$118,758$106,201$94,826$84,554$75,304$46,400
12 years$107,749$95,320$84,156$74,165$65,257$38,146
13 years$98,440$86,142$75,188$65,477$56,905$31,518
14 years$90,468$78,300$67,556$58,123$49,883$26,148
15 years$83,566$71,529$60,994$51,836$43,921$21,765
16 years$77,532$65,626$55,300$46,413$38,817$18,166
17 years$72,213$60,439$50,321$41,702$34,418$15,196
18 years$67,491$55,849$45,937$37,582$30,603$12,735
19 years$63,271$51,760$42,053$33,958$27,277$10,688
20 years$59,477$48,098$38,594$30,756$24,364$8,982
21 years$56,049$44,801$35,499$27,913$21,803$7,557
22 years$52,937$41,820$32,718$25,379$19,544$6,363
23 years$50,100$39,114$30,209$23,113$17,544$5,362
24 years$47,503$36,647$27,938$21,081$15,769$4,521
25 years$45,118$34,391$25,877$19,252$14,189$3,814
26 years$42,919$32,322$23,999$17,603$12,781$3,219
27 years$40,887$30,419$22,285$16,113$11,523$2,718
28 years$39,004$28,664$20,717$14,763$10,398$2,296
29 years$37,253$27,041$19,279$13,538$9,389$1,939
30 years$35,622$25,537$17,958$12,424$8,483$1,639
31 years$34,100$24,141$16,741$11,411$7,670$1,385
32 years$32,675$22,843$15,620$10,487$6,938$1,171
33 years$31,340$21,632$14,585$9,643$6,279$990
34 years$30,086$20,502$13,627$8,873$5,685$837
35 years$28,906$19,446$12,740$8,168$5,149$708
36 years$27,794$18,457$11,918$7,522$4,665$598
37 years$26,745$17,530$11,155$6,931$4,228$506
38 years$25,753$16,660$10,446$6,388$3,833$428
39 years$24,815$15,842$9,787$5,890$3,476$362
40 years$23,925$15,072$9,173$5,433$3,153$306
41 years$23,082$14,347$8,602$5,013$2,860$259
42 years$22,280$13,664$8,069$4,626$2,596$219
43 years$21,518$13,019$7,571$4,270$2,356$185
44 years$20,792$12,410$7,107$3,943$2,138$157
45 years$20,101$11,834$6,673$3,641$1,941$133
46 years$19,442$11,289$6,268$3,364$1,762$112
47 years$18,813$10,773$5,888$3,108$1,600$95
48 years$18,211$10,285$5,534$2,872$1,453$80
49 years$17,636$9,821$5,201$2,654$1,320$68
50 years$17,086$9,382$4,890$2,453$1,199$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,500,000, adding $5,822 every year, while hoping to spend $36,247 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: 62/11/27 Blend
52$17,500,000$17,500,000$17,500,000$17,500,000
53$19,291,005$18,363,505$18,092,255$20,347,438
54$21,220,121$19,224,751$18,659,779$21,926,694
55$23,344,792$20,126,982$19,245,101$23,645,888
56$25,684,927$21,072,170$19,848,777$25,522,376
57$28,262,462$22,062,379$20,471,384$27,571,548
58$31,101,573$23,099,775$21,113,515$29,810,334
59$34,228,898$24,186,628$21,775,782$32,257,368
60$37,673,791$25,325,319$22,458,816$34,933,158
61$41,468,600$26,518,342$23,163,269$37,860,274
62$45,648,970$27,768,314$23,889,812$41,063,560
63$50,254,181$29,077,977$24,639,136$44,570,363
64$55,327,518$30,450,208$25,411,958$48,410,787
65$60,916,678$31,888,022$26,209,012$52,617,977
66$67,074,224$33,394,579$27,031,058$57,228,421
67$73,858,077$34,973,196$27,878,881$62,282,295
68$81,332,065$36,627,346$28,753,287$67,823,835
69$89,566,524$38,360,675$29,655,111$73,901,751
70$98,638,964$40,177,002$30,585,211$80,569,680
71$108,634,797$42,080,334$31,544,475$87,886,691
72$119,648,146$44,074,871$32,533,815$95,917,832
73$131,782,735$46,165,017$33,554,175$104,734,742
74$145,152,861$48,355,390$34,606,527$114,416,318
75$159,884,481$50,650,833$35,691,875$125,049,458
76$176,116,397$53,056,422$36,811,251$136,729,870
77$194,001,564$55,577,482$37,965,723$149,562,973
78$213,708,539$58,219,594$39,156,390$163,664,882
79$235,423,069$60,988,612$40,384,388$179,163,500
80$259,349,842$63,890,675$41,650,885$196,199,712
81$285,714,426$66,932,218$42,957,089$214,928,715
82$314,765,390$70,119,989$44,304,245$235,521,468
83$346,776,658$73,461,067$45,693,635$258,166,300
84$382,050,089$76,962,870$47,126,583$283,070,681
85$420,918,329$80,633,182$48,604,455$310,463,167
86$463,747,952$84,480,162$50,128,658$340,595,550
87$510,942,920$88,512,366$51,700,644$373,745,225
88$562,948,393$92,738,768$53,321,912$410,217,798
89$620,254,938$97,168,776$54,994,004$450,349,961
90$683,403,153$101,812,258$56,718,515$494,512,654
91$752,988,776$106,679,560$58,497,086$543,114,562
92$829,668,305$111,781,532$60,331,413$596,605,957
93$914,165,198$117,129,553$62,223,241$655,482,935
94$1,007,276,703$122,735,555$64,174,374$720,292,086
95$1,109,881,380$128,612,051$66,186,669$791,635,641
96$1,222,947,402$134,772,163$68,262,043$870,177,145
97$1,347,541,688$141,229,650$70,402,473$956,647,698
98$1,484,839,982$147,998,945$72,609,998$1,051,852,850
99$1,636,137,947$155,095,180$74,886,720$1,156,680,183
100$1,802,863,399$162,534,225$77,234,806$1,272,107,676