Can I retire at age 53 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,371,742
2 years$723,589$710,113$697,052$684,389$672,106$632,430
3 years$477,601$464,066$451,039$438,495$426,412$387,984
4 years$354,631$341,138$328,241$315,911$304,120$267,236
5 years$280,868$267,456$254,728$242,650$231,188$195,947
6 years$231,709$218,398$205,858$194,049$182,931$149,368
7 years$196,609$183,410$171,069$159,538$148,772$116,886
8 years$170,296$157,217$145,080$133,833$123,420$93,195
9 years$149,842$136,885$124,958$113,996$103,938$75,343
10 years$133,487$120,658$108,941$98,265$88,560$61,559
11 years$120,115$107,415$95,910$85,520$76,165$50,713
12 years$108,980$96,409$85,118$75,013$66,003$42,051
13 years$99,565$87,126$76,047$66,225$57,556$35,053
14 years$91,502$79,195$68,328$58,787$50,453$29,344
15 years$84,521$72,346$61,691$52,428$44,423$24,651
16 years$78,418$66,376$55,932$46,944$39,261$20,768
17 years$73,038$61,130$50,896$42,178$34,812$17,538
18 years$68,262$56,487$46,462$38,011$30,953$14,840
19 years$63,994$52,351$42,533$34,346$27,589$12,579
20 years$60,157$48,648$39,035$31,107$24,643$10,676
21 years$56,690$45,313$35,905$28,232$22,053$9,072
22 years$53,542$42,298$33,092$25,669$19,767$7,717
23 years$50,673$39,561$30,554$23,377$17,744$6,570
24 years$48,046$37,066$28,258$21,322$15,949$5,597
25 years$45,633$34,784$26,172$19,472$14,351$4,771
26 years$43,410$32,692$24,273$17,804$12,927$4,069
27 years$41,355$30,767$22,540$16,297$11,655$3,472
28 years$39,449$28,991$20,954$14,931$10,517$2,964
29 years$37,679$27,350$19,499$13,692$9,496$2,531
30 years$36,030$25,829$18,163$12,566$8,580$2,161
31 years$34,490$24,417$16,933$11,541$7,757$1,847
32 years$33,049$23,104$15,799$10,606$7,017$1,578
33 years$31,698$21,879$14,751$9,753$6,351$1,348
34 years$30,430$20,737$13,783$8,974$5,750$1,152
35 years$29,236$19,669$12,886$8,261$5,208$985
36 years$28,112$18,668$12,054$7,608$4,718$842
37 years$27,050$17,731$11,283$7,010$4,277$720
38 years$26,047$16,850$10,566$6,461$3,877$616
39 years$25,098$16,023$9,899$5,958$3,516$526
40 years$24,199$15,245$9,278$5,495$3,189$450
41 years$23,345$14,511$8,700$5,070$2,893$385
42 years$22,535$13,820$8,161$4,679$2,625$329
43 years$21,764$13,168$7,658$4,319$2,383$282
44 years$21,030$12,552$7,188$3,988$2,163$241
45 years$20,331$11,969$6,750$3,683$1,963$206
46 years$19,664$11,418$6,339$3,402$1,783$176
47 years$19,028$10,896$5,956$3,143$1,619$151
48 years$18,419$10,402$5,597$2,904$1,470$129
49 years$17,838$9,933$5,261$2,684$1,335$110
50 years$17,281$9,489$4,946$2,481$1,213$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $17,700,000, adding $5,056 every year, while hoping to spend $38,106 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: 31/44/25 Blend
52$17,700,000$17,700,000$17,700,000$17,700,000
53$19,510,615$18,572,515$18,298,165$19,965,014
54$21,460,154$19,442,024$18,870,609$21,183,068
55$23,607,268$20,352,862$19,460,953$22,489,580
56$25,972,070$21,307,013$20,069,756$23,895,222
57$28,576,723$22,306,558$20,697,595$25,408,675
58$31,445,649$23,353,680$21,345,065$27,039,444
59$34,605,760$24,450,665$22,012,779$28,797,935
60$38,086,711$25,599,911$22,701,370$30,695,550
61$41,921,180$26,803,931$23,411,491$32,744,781
62$46,145,178$28,065,362$24,143,814$34,959,321
63$50,798,388$29,386,966$24,899,033$37,354,180
64$55,924,536$30,771,640$25,677,863$39,945,820
65$61,571,810$32,222,422$26,481,043$42,752,293
66$67,793,310$33,742,496$27,309,333$45,793,407
67$74,647,549$35,335,200$28,163,518$49,090,895
68$82,199,010$37,004,035$29,044,406$52,668,609
69$90,518,748$38,752,672$29,952,833$56,552,735
70$99,685,066$40,584,958$30,889,658$60,772,020
71$109,784,250$42,504,929$31,855,769$65,358,033
72$120,911,387$44,516,814$32,852,081$70,345,447
73$133,171,260$46,625,049$33,879,538$75,772,348
74$146,679,338$48,834,286$34,939,112$81,680,582
75$161,562,866$51,149,401$36,031,807$88,116,129
76$177,962,063$53,575,507$37,158,657$95,129,517
77$196,031,452$56,117,965$38,320,731$102,776,285
78$215,941,312$58,782,397$39,519,127$111,117,482
79$237,879,289$61,574,698$40,754,981$120,220,228
80$262,052,167$64,501,049$42,029,464$130,158,318
81$288,687,818$67,567,930$43,343,780$141,012,902
82$318,037,355$70,782,138$44,699,176$152,873,222
83$350,377,501$74,150,799$46,096,934$165,837,435
84$386,013,202$77,681,384$47,538,378$180,013,506
85$425,280,507$81,381,730$49,024,872$195,520,207
86$468,549,736$85,260,052$50,557,823$212,488,201
87$516,228,981$89,324,967$52,138,682$231,061,253
88$568,767,956$93,585,508$53,768,946$251,397,551
89$626,662,239$98,051,150$55,450,157$273,671,167
90$690,457,958$102,731,827$57,183,908$298,073,664
91$760,756,939$107,637,956$58,971,839$324,815,872
92$838,222,394$112,780,463$60,815,642$354,129,836
93$923,585,174$118,170,801$62,717,062$386,270,969
94$1,017,650,677$123,820,986$64,677,898$421,520,420
95$1,121,306,445$129,743,614$66,700,007$460,187,685
96$1,235,530,547$135,951,895$68,785,302$502,613,486
97$1,361,400,809$142,459,684$70,935,756$549,172,932
98$1,500,104,991$149,281,508$73,153,403$600,279,019
99$1,652,952,000$156,432,602$75,440,343$656,386,469
100$1,821,384,248$163,928,944$77,798,738$717,995,973