Can I retire at age 54 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%16.1%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,376,185
2 years$723,589$710,113$697,052$684,389$672,106$636,828
3 years$477,601$464,066$451,039$438,495$426,412$392,196
4 years$354,631$341,138$328,241$315,911$304,120$271,231
5 years$280,868$267,456$254,728$242,650$231,188$199,715
6 years$231,709$218,398$205,858$194,049$182,931$152,907
7 years$196,609$183,410$171,069$159,538$148,772$120,199
8 years$170,296$157,217$145,080$133,833$123,420$96,287
9 years$149,842$136,885$124,958$113,996$103,938$78,221
10 years$133,487$120,658$108,941$98,265$88,560$64,229
11 years$120,115$107,415$95,910$85,520$76,165$53,184
12 years$108,980$96,409$85,118$75,013$66,003$44,333
13 years$99,565$87,126$76,047$66,225$57,556$37,155
14 years$91,502$79,195$68,328$58,787$50,453$31,275
15 years$84,521$72,346$61,691$52,428$44,423$26,421
16 years$78,418$66,376$55,932$46,944$39,261$22,387
17 years$73,038$61,130$50,896$42,178$34,812$19,016
18 years$68,262$56,487$46,462$38,011$30,953$16,186
19 years$63,994$52,351$42,533$34,346$27,589$13,802
20 years$60,157$48,648$39,035$31,107$24,643$11,786
21 years$56,690$45,313$35,905$28,232$22,053$10,077
22 years$53,542$42,298$33,092$25,669$19,767$8,625
23 years$50,673$39,561$30,554$23,377$17,744$7,389
24 years$48,046$37,066$28,258$21,322$15,949$6,335
25 years$45,633$34,784$26,172$19,472$14,351$5,435
26 years$43,410$32,692$24,273$17,804$12,927$4,666
27 years$41,355$30,767$22,540$16,297$11,655$4,007
28 years$39,449$28,991$20,954$14,931$10,517$3,443
29 years$37,679$27,350$19,499$13,692$9,496$2,959
30 years$36,030$25,829$18,163$12,566$8,580$2,544
31 years$34,490$24,417$16,933$11,541$7,757$2,188
32 years$33,049$23,104$15,799$10,606$7,017$1,882
33 years$31,698$21,879$14,751$9,753$6,351$1,619
34 years$30,430$20,737$13,783$8,974$5,750$1,393
35 years$29,236$19,669$12,886$8,261$5,208$1,199
36 years$28,112$18,668$12,054$7,608$4,718$1,032
37 years$27,050$17,731$11,283$7,010$4,277$888
38 years$26,047$16,850$10,566$6,461$3,877$764
39 years$25,098$16,023$9,899$5,958$3,516$658
40 years$24,199$15,245$9,278$5,495$3,189$567
41 years$23,345$14,511$8,700$5,070$2,893$488
42 years$22,535$13,820$8,161$4,679$2,625$420
43 years$21,764$13,168$7,658$4,319$2,383$362
44 years$21,030$12,552$7,188$3,988$2,163$312
45 years$20,331$11,969$6,750$3,683$1,963$268
46 years$19,664$11,418$6,339$3,402$1,783$231
47 years$19,028$10,896$5,956$3,143$1,619$199
48 years$18,419$10,402$5,597$2,904$1,470$171
49 years$17,838$9,933$5,261$2,684$1,335$148
50 years$17,281$9,489$4,946$2,481$1,213$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $17,700,000, adding $6,424 every year, while hoping to spend $59,106 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: 52/22/26 Blend
53$17,700,000$17,700,000$17,700,000$17,700,000
54$19,512,026$18,573,926$18,299,576$20,384,461
55$21,439,365$19,421,160$18,849,724$21,837,300
56$23,561,311$20,307,928$19,416,320$23,410,301
57$25,897,652$21,236,104$19,999,854$25,120,272
58$28,470,192$22,207,652$20,600,829$26,980,295
59$31,302,957$23,224,633$21,219,762$29,004,753
60$34,422,421$24,289,203$21,857,187$31,209,457
61$37,857,757$25,403,623$22,513,652$33,611,795
62$41,641,112$26,570,264$23,189,723$36,230,886
63$45,807,908$27,791,609$23,885,981$39,087,758
64$50,397,177$29,070,261$24,603,024$42,205,542
65$55,451,934$30,408,948$25,341,470$45,609,680
66$61,019,574$31,810,530$26,101,952$49,328,162
67$67,152,328$33,278,002$26,885,125$53,391,787
68$73,907,747$34,814,507$27,691,659$57,834,440
69$81,349,256$36,423,336$28,522,247$62,693,409
70$89,546,739$38,107,939$29,377,602$68,009,732
71$98,577,212$39,871,934$30,258,457$73,828,573
72$108,525,539$41,719,110$31,165,567$80,199,639
73$119,485,240$43,653,442$32,099,709$87,177,647
74$131,559,368$45,679,093$33,061,683$94,822,828
75$144,861,485$47,800,431$34,052,311$103,201,487
76$159,516,736$50,022,031$35,072,443$112,386,619
77$175,663,022$52,348,690$36,122,949$122,458,590
78$193,452,310$54,785,436$37,204,727$133,505,885
79$213,052,063$57,337,539$38,318,703$145,625,932
80$234,646,820$60,010,526$39,465,826$158,926,009
81$258,439,942$62,810,187$40,647,077$173,524,251
82$284,655,524$65,742,595$41,863,463$189,550,747
83$313,540,520$68,814,114$43,116,021$207,148,757
84$345,367,064$72,031,417$44,405,819$226,476,053
85$380,435,047$75,401,498$45,733,956$247,706,394
86$419,074,940$78,931,691$47,101,562$271,031,150
87$461,650,922$82,629,681$48,509,802$296,661,097
88$508,564,309$86,503,529$49,959,874$324,828,387
89$560,257,349$90,561,682$51,453,010$355,788,728
90$617,217,393$94,812,999$52,990,480$389,823,776
91$679,981,496$99,266,765$54,573,590$427,243,781
92$749,141,487$103,932,715$56,203,684$468,390,491
93$825,349,556$108,821,055$57,882,145$513,640,367
94$909,324,411$113,942,487$59,610,397$563,408,107
95$1,001,858,061$119,308,229$61,389,906$618,150,549
96$1,103,823,294$124,930,043$63,222,178$678,370,955
97$1,216,181,916$130,820,261$65,108,767$744,623,742
98$1,339,993,829$136,991,812$67,051,268$817,519,689
99$1,476,427,041$143,458,251$69,051,327$897,731,682
100$1,626,768,685$150,233,792$71,110,633$986,001,036