Can I retire at age 54 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,340,332
2 years$694,972$682,029$669,485$657,323$645,526$630,151
3 years$458,713$445,714$433,201$421,153$409,548$394,548
4 years$340,606$327,647$315,260$303,417$292,093$277,584
5 years$269,760$256,879$244,654$233,053$222,044$208,068
6 years$222,546$209,761$197,717$186,375$175,696$162,270
7 years$188,834$176,157$164,304$153,229$142,888$130,017
8 years$163,562$150,999$139,343$128,540$118,539$106,223
9 years$143,916$131,472$120,016$109,487$99,827$88,060
10 years$128,208$115,886$104,632$94,379$85,058$73,833
11 years$115,365$103,166$92,117$82,138$73,153$62,460
12 years$104,670$92,597$81,751$72,046$63,393$53,221
13 years$95,628$83,680$73,039$63,606$55,280$45,616
14 years$87,883$76,063$65,626$56,462$48,458$39,289
15 years$81,178$69,485$59,252$50,355$42,666$33,978
16 years$75,316$63,751$53,720$45,087$37,708$29,486
17 years$70,150$58,712$48,883$40,510$33,435$25,662
18 years$65,562$54,253$44,624$36,508$29,729$22,390
19 years$61,463$50,281$40,851$32,988$26,498$19,577
20 years$57,778$46,724$37,491$29,877$23,668$17,148
21 years$54,448$43,521$34,485$27,115$21,180$15,045
22 years$51,425$40,625$31,783$24,654$18,985$13,218
23 years$48,669$37,996$29,346$22,453$17,042$11,627
24 years$46,146$35,600$27,140$20,478$15,318$10,238
25 years$43,829$33,409$25,137$18,702$13,784$9,023
26 years$41,693$31,399$23,313$17,100$12,416$7,959
27 years$39,719$29,550$21,649$15,652$11,194$7,025
28 years$37,889$27,845$20,125$14,341$10,101$6,204
29 years$36,189$26,268$18,728$13,151$9,121$5,483
30 years$34,605$24,808$17,445$12,069$8,241$4,847
31 years$33,126$23,452$16,263$11,085$7,451$4,287
32 years$31,742$22,190$15,174$10,187$6,740$3,793
33 years$30,445$21,014$14,168$9,368$6,099$3,357
34 years$29,226$19,917$13,238$8,619$5,522$2,972
35 years$28,080$18,891$12,376$7,934$5,002$2,632
36 years$27,000$17,930$11,578$7,307$4,532$2,332
37 years$25,981$17,029$10,836$6,733$4,107$2,066
38 years$25,017$16,184$10,148$6,206$3,724$1,830
39 years$24,106$15,389$9,507$5,722$3,377$1,622
40 years$23,242$14,642$8,911$5,278$3,063$1,438
41 years$22,422$13,938$8,356$4,869$2,779$1,275
42 years$21,643$13,274$7,838$4,494$2,521$1,130
43 years$20,903$12,647$7,355$4,148$2,288$1,002
44 years$20,198$12,055$6,904$3,830$2,077$888
45 years$19,527$11,496$6,483$3,537$1,886$788
46 years$18,886$10,967$6,089$3,268$1,712$699
47 years$18,275$10,465$5,720$3,019$1,555$620
48 years$17,691$9,991$5,375$2,790$1,412$550
49 years$17,132$9,541$5,053$2,578$1,282$488
50 years$16,598$9,114$4,750$2,383$1,165$432

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,000,000, adding $2,607 every year, while hoping to spend $26,498 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: 41/50/9 Blend
53$17,000,000$17,000,000$17,000,000$17,000,000
54$18,736,689$17,835,689$17,572,189$19,454,721
55$20,619,638$18,681,444$18,132,664$20,803,347
56$22,693,759$19,567,753$18,711,026$22,259,203
57$24,978,525$20,496,575$19,307,848$23,834,250
58$27,495,391$21,469,965$19,923,718$25,539,314
59$30,268,004$22,490,075$20,559,245$27,386,265
60$33,322,417$23,559,166$21,215,057$29,388,119
61$36,687,344$24,679,606$21,891,801$31,559,149
62$40,394,423$25,853,877$22,590,147$33,915,018
63$44,478,521$27,084,583$23,310,784$36,472,907
64$48,978,059$28,374,457$24,054,424$39,251,676
65$53,935,376$29,726,360$24,821,802$42,272,023
66$59,397,128$31,143,295$25,613,676$45,556,674
67$65,414,729$32,628,411$26,430,828$49,130,584
68$72,044,838$34,185,009$27,274,067$53,021,159
69$79,349,888$35,816,551$28,144,225$57,258,500
70$87,398,682$37,526,668$29,042,162$61,875,679
71$96,267,040$39,319,166$29,968,766$66,909,032
72$106,038,511$41,198,038$30,924,953$72,398,487
73$116,805,167$43,167,470$31,911,667$78,387,929
74$128,668,470$45,231,853$32,929,884$84,925,592
75$141,740,229$47,395,789$33,980,610$92,064,503
76$156,143,657$49,664,106$35,064,885$99,862,960
77$172,014,530$52,041,868$36,183,779$108,385,066
78$189,502,476$54,534,383$37,338,399$117,701,313
79$208,772,379$57,147,219$38,529,886$127,889,225
80$230,005,943$59,886,214$39,759,419$139,034,072
81$253,403,403$62,757,492$41,028,213$151,229,647
82$279,185,414$65,767,473$42,337,522$164,579,134
83$307,595,138$68,922,891$43,688,641$179,196,049
84$338,900,538$72,230,809$45,082,907$195,205,292
85$373,396,906$75,698,631$46,521,697$212,744,294
86$411,409,651$79,334,125$48,006,434$231,964,289
87$453,297,374$83,145,435$49,538,588$253,031,706
88$499,455,248$87,141,104$51,119,673$276,129,716
89$550,318,754$91,330,089$52,751,253$301,459,920
90$606,367,789$95,721,785$54,434,941$329,244,224
91$668,131,195$100,326,044$56,172,404$359,726,893
92$736,191,757$105,153,200$57,965,359$393,176,819
93$811,191,697$110,214,088$59,815,580$429,890,020
94$893,838,746$115,520,074$61,724,898$470,192,395
95$984,912,817$121,083,076$63,695,200$514,442,751
96$1,085,273,373$126,915,595$65,728,438$563,036,147
97$1,195,867,538$133,030,740$67,826,621$616,407,579
98$1,317,739,040$139,442,260$69,991,827$675,036,026
99$1,452,038,066$146,164,574$72,226,196$739,448,929
100$1,600,032,116$153,212,806$74,531,941$810,227,108