Can I retire at age 54 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,312,588
2 years$699,060$686,041$673,423$661,189$649,323$598,535
3 years$461,411$448,335$435,749$423,630$411,957$362,970
4 years$342,609$329,574$317,114$305,202$293,811$246,997
5 years$271,347$258,390$246,093$234,424$223,351$178,831
6 years$223,855$210,995$198,880$187,471$176,730$134,536
7 years$189,945$177,193$165,270$154,130$143,729$103,849
8 years$164,524$151,887$140,162$129,296$119,237$81,635
9 years$144,762$132,245$120,722$110,132$100,415$65,038
10 years$128,962$116,568$105,248$94,934$85,558$52,342
11 years$116,044$103,773$92,659$82,621$73,583$42,455
12 years$105,286$93,141$82,232$72,470$63,765$34,648
13 years$96,190$84,173$73,469$63,980$55,605$28,414
14 years$88,400$76,511$66,012$56,794$48,743$23,393
15 years$81,655$69,894$59,600$50,651$42,917$19,320
16 years$75,759$64,126$54,036$45,352$37,930$15,997
17 years$70,563$59,058$49,171$40,749$33,631$13,273
18 years$65,948$54,572$44,887$36,723$29,904$11,032
19 years$61,824$50,577$41,092$33,182$26,654$9,183
20 years$58,117$46,998$37,712$30,053$23,808$7,652
21 years$54,768$43,777$34,688$27,275$21,305$6,383
22 years$51,727$40,864$31,970$24,799$19,097$5,329
23 years$48,955$38,220$29,519$22,585$17,143$4,452
24 years$46,417$35,809$27,300$20,599$15,408$3,721
25 years$44,086$33,605$25,285$18,812$13,865$3,112
26 years$41,938$31,584$23,451$17,201$12,489$2,603
27 years$39,953$29,724$21,776$15,744$11,260$2,178
28 years$38,112$28,009$20,244$14,425$10,160$1,823
29 years$36,402$26,423$18,838$13,228$9,174$1,527
30 years$34,808$24,954$17,547$12,140$8,290$1,278
31 years$33,320$23,589$16,359$11,150$7,495$1,071
32 years$31,928$22,320$15,263$10,247$6,779$897
33 years$30,624$21,138$14,251$9,423$6,135$751
34 years$29,398$20,034$13,315$8,670$5,555$629
35 years$28,245$19,002$12,449$7,981$5,031$527
36 years$27,159$18,035$11,646$7,350$4,559$442
37 years$26,133$17,130$10,900$6,772$4,132$370
38 years$25,164$16,279$10,208$6,242$3,746$310
39 years$24,247$15,480$9,563$5,756$3,397$260
40 years$23,378$14,728$8,964$5,309$3,081$218
41 years$22,554$14,020$8,405$4,898$2,795$183
42 years$21,771$13,352$7,884$4,520$2,536$153
43 years$21,026$12,722$7,398$4,173$2,302$128
44 years$20,317$12,126$6,945$3,853$2,089$108
45 years$19,642$11,564$6,521$3,558$1,897$90
46 years$18,998$11,031$6,125$3,287$1,722$76
47 years$18,383$10,527$5,754$3,037$1,564$63
48 years$17,795$10,049$5,407$2,806$1,420$53
49 years$17,233$9,597$5,082$2,593$1,290$45
50 years$16,696$9,167$4,778$2,397$1,172$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,100,000, adding $3,893 every year, while hoping to spend $29,762 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: 41/35/24 Blend
53$17,100,000$17,100,000$17,100,000$17,100,000
54$18,848,216$17,941,916$17,676,866$19,487,676
55$20,739,067$18,789,403$18,237,374$20,794,575
56$22,821,788$19,677,420$18,815,662$22,205,130
57$25,115,917$20,607,920$19,412,294$23,731,355
58$27,642,987$21,582,954$20,027,851$25,383,873
59$30,426,722$22,604,670$20,662,935$27,174,343
60$33,493,270$23,675,320$21,318,165$29,115,559
61$36,871,440$24,797,268$21,994,181$31,221,564
62$40,592,982$25,972,989$22,691,641$33,507,776
63$44,692,882$27,205,082$23,411,227$35,991,124
64$49,209,694$28,496,269$24,153,641$38,690,203
65$54,185,902$29,849,405$24,919,607$41,625,436
66$59,668,323$31,267,484$25,709,873$44,819,260
67$65,708,547$32,753,647$26,525,209$48,296,329
68$72,363,428$34,311,184$27,366,412$52,083,736
69$79,695,613$35,943,548$28,234,303$56,211,258
70$87,774,141$37,654,357$29,129,728$60,711,626
71$96,675,091$39,447,408$30,053,561$65,620,826
72$106,482,299$41,326,680$31,006,704$70,978,421
73$117,288,153$43,296,347$31,990,088$76,827,917
74$129,194,460$45,360,783$33,004,671$83,217,157
75$142,313,413$47,524,580$34,051,446$90,198,762
76$156,768,644$49,792,547$35,131,432$97,830,613
77$172,696,395$52,169,731$36,245,684$106,176,380
78$190,246,804$54,661,424$37,395,291$115,306,111
79$209,585,318$57,273,174$38,581,374$125,296,875
80$230,894,261$60,010,801$39,805,091$136,233,473
81$254,374,551$62,880,405$41,067,636$148,209,219
82$280,247,595$65,888,385$42,370,242$161,326,807
83$308,757,386$69,041,452$43,714,182$175,699,254
84$340,172,799$72,346,642$45,100,766$191,450,954
85$374,790,131$75,811,335$46,531,348$208,718,825
86$412,935,902$79,443,268$48,007,326$227,653,582
87$454,969,933$83,250,557$49,530,141$248,421,138
88$501,288,744$87,241,712$51,101,278$271,204,141
89$552,329,298$91,425,658$52,722,273$296,203,678
90$608,573,125$95,811,754$54,394,708$323,641,141
91$670,550,869$100,409,815$56,120,216$353,760,297
92$738,847,297$105,230,135$57,900,482$386,829,550
93$814,106,817$110,283,508$59,737,244$423,144,454
94$897,039,567$115,581,254$61,632,296$463,030,462
95$988,428,114$121,135,247$63,587,489$506,845,974
96$1,089,134,844$126,957,936$65,604,733$554,985,677
97$1,200,110,103$133,062,380$67,685,996$607,884,240
98$1,322,401,169$139,462,271$69,833,312$666,020,376
99$1,457,162,138$146,171,973$72,048,778$729,921,322
100$1,605,664,822$153,206,545$74,334,557$800,167,774