Can I retire at age 54 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,360,629
2 years$703,148$690,053$677,361$665,056$653,120$642,109
3 years$464,109$450,957$438,298$426,108$414,366$403,608
4 years$344,613$331,501$318,968$306,987$295,529$285,108
5 years$272,934$259,901$247,533$235,795$224,657$214,602
6 years$225,164$212,229$200,043$188,567$177,763$168,088
7 years$191,055$178,229$166,237$155,032$144,569$135,278
8 years$165,486$152,776$140,982$130,052$119,934$111,027
9 years$145,609$133,019$121,428$110,776$101,002$92,477
10 years$129,717$117,249$105,863$95,490$86,059$77,910
11 years$116,722$104,380$93,200$83,105$74,013$66,235
12 years$105,901$93,686$82,713$72,894$64,138$56,724
13 years$96,753$84,665$73,899$64,354$55,930$48,871
14 years$88,917$76,958$66,398$57,127$49,028$42,315
15 years$82,133$70,302$59,949$50,947$43,168$36,793
16 years$76,202$64,501$54,352$45,617$38,152$32,104
17 years$70,975$59,403$49,458$40,987$33,828$28,098
18 years$66,334$54,891$45,149$36,937$30,078$24,655
19 years$62,186$50,873$41,332$33,376$26,810$21,682
20 years$58,457$47,273$37,932$30,229$23,947$19,104
21 years$55,088$44,033$34,890$27,434$21,430$16,861
22 years$52,030$41,103$32,157$24,944$19,209$14,903
23 years$49,241$38,443$29,691$22,717$17,243$13,189
24 years$46,689$36,019$27,459$20,719$15,498$11,685
25 years$44,344$33,802$25,433$18,922$13,946$10,363
26 years$42,184$31,768$23,588$17,301$12,562$9,198
27 years$40,186$29,898$21,903$15,836$11,326$8,171
28 years$38,335$28,172$20,362$14,509$10,219$7,263
29 years$36,615$26,577$18,949$13,305$9,228$6,460
30 years$35,012$25,100$17,650$12,211$8,338$5,748
31 years$33,515$23,727$16,454$11,215$7,538$5,118
32 years$32,115$22,451$15,352$10,307$6,819$4,558
33 years$30,803$21,261$14,334$9,478$6,171$4,061
34 years$29,570$20,151$13,393$8,721$5,587$3,620
35 years$28,410$19,113$12,522$8,028$5,061$3,227
36 years$27,318$18,141$11,714$7,393$4,585$2,878
37 years$26,286$17,230$10,964$6,812$4,156$2,567
38 years$25,312$16,374$10,267$6,279$3,768$2,290
39 years$24,389$15,570$9,619$5,789$3,417$2,043
40 years$23,515$14,814$9,016$5,340$3,099$1,824
41 years$22,686$14,102$8,454$4,927$2,811$1,628
42 years$21,898$13,430$7,930$4,547$2,551$1,453
43 years$21,149$12,796$7,442$4,197$2,315$1,297
44 years$20,436$12,197$6,985$3,875$2,102$1,158
45 years$19,757$11,631$6,559$3,579$1,908$1,034
46 years$19,109$11,096$6,160$3,306$1,732$924
47 years$18,490$10,589$5,788$3,054$1,573$825
48 years$17,899$10,108$5,439$2,822$1,428$737
49 years$17,334$9,653$5,112$2,608$1,297$658
50 years$16,793$9,221$4,806$2,411$1,178$588

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,200,000, adding $6,147 every year, while hoping to spend $46,582 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: 53/32/15 Blend
53$17,200,000$17,200,000$17,200,000$17,200,000
54$18,960,741$18,049,141$17,782,541$19,889,210
55$20,845,173$18,883,986$18,328,693$21,358,919
56$22,920,257$19,758,177$18,891,580$22,951,719
57$25,205,389$20,673,593$19,471,713$24,683,716
58$27,721,942$21,632,203$20,069,620$26,568,135
59$30,493,471$22,636,072$20,685,843$28,619,512
60$33,545,929$23,687,363$21,320,942$30,853,816
61$36,907,914$24,788,344$21,975,494$33,288,602
62$40,610,941$25,941,393$22,650,093$35,943,168
63$44,689,737$27,149,001$23,345,351$38,838,727
64$49,182,569$28,413,781$24,061,900$41,998,604
65$54,131,607$29,738,472$24,800,389$45,448,450
66$59,583,317$31,125,943$25,561,488$49,216,470
67$65,588,906$32,579,205$26,345,888$53,333,691
68$72,204,799$34,101,411$27,154,300$57,834,238
69$79,493,177$35,695,869$27,987,458$62,755,650
70$87,522,560$37,366,045$28,846,116$68,139,230
71$96,368,453$39,115,574$29,731,054$74,030,418
72$106,114,064$40,948,265$30,643,072$80,479,214
73$116,851,081$42,868,113$31,582,998$87,540,641
74$128,680,546$44,879,305$32,551,683$95,275,250
75$141,713,802$46,986,231$33,550,005$103,749,681
76$156,073,548$49,193,494$34,578,868$113,037,285
77$171,894,992$51,505,918$35,639,202$123,218,794
78$189,327,135$53,928,562$36,731,970$134,383,082
79$208,534,171$56,466,729$37,858,158$146,627,981
80$229,697,038$59,125,980$39,018,788$160,061,195
81$253,015,127$61,912,145$40,214,909$174,801,300
82$278,708,165$64,831,334$41,447,603$190,978,849
83$307,018,285$67,889,958$42,717,985$208,737,587
84$338,212,317$71,094,733$44,027,205$228,235,792
85$372,584,303$74,452,704$45,376,446$249,647,751
86$410,458,273$77,971,257$46,766,928$273,165,385
87$452,191,304$81,658,136$48,199,907$299,000,044
88$498,176,893$85,521,461$49,676,680$327,384,479
89$548,848,667$89,569,743$51,198,579$358,575,020
90$604,684,480$93,811,910$52,766,981$392,853,972
91$666,210,924$98,257,320$54,383,302$430,532,258
92$734,008,297$102,915,788$56,049,001$471,952,328
93$808,716,083$107,797,601$57,765,583$517,491,365
94$891,038,990$112,913,550$59,534,596$567,564,825
95$981,753,601$118,274,948$61,357,639$622,630,323
96$1,081,715,703$123,893,656$63,236,355$683,191,928
97$1,191,868,373$129,782,112$65,172,441$749,804,891
98$1,313,250,871$135,953,360$67,167,641$823,080,852
99$1,447,008,459$142,421,074$69,223,757$903,693,584
100$1,594,403,210$149,199,595$71,342,641$992,385,313