Can I retire at age 55 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%16.7%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,318,555
2 years$694,972$682,029$669,485$657,323$645,526$608,470
3 years$458,713$445,714$433,201$421,153$409,548$373,646
4 years$340,606$327,647$315,260$303,417$292,093$257,620
5 years$269,760$256,879$244,654$233,053$222,044$189,096
6 years$222,546$209,761$197,717$186,375$175,696$144,303
7 years$188,834$176,157$164,304$153,229$142,888$113,051
8 years$163,562$150,999$139,343$128,540$118,539$90,243
9 years$143,916$131,472$120,016$109,487$99,827$73,045
10 years$128,208$115,886$104,632$94,379$85,058$59,756
11 years$115,365$103,166$92,117$82,138$73,153$49,290
12 years$104,670$92,597$81,751$72,046$63,393$40,926
13 years$95,628$83,680$73,039$63,606$55,280$34,161
14 years$87,883$76,063$65,626$56,462$48,458$28,636
15 years$81,178$69,485$59,252$50,355$42,666$24,090
16 years$75,316$63,751$53,720$45,087$37,708$20,325
17 years$70,150$58,712$48,883$40,510$33,435$17,189
18 years$65,562$54,253$44,624$36,508$29,729$14,567
19 years$61,463$50,281$40,851$32,988$26,498$12,365
20 years$57,778$46,724$37,491$29,877$23,668$10,511
21 years$54,448$43,521$34,485$27,115$21,180$8,946
22 years$51,425$40,625$31,783$24,654$18,985$7,621
23 years$48,669$37,996$29,346$22,453$17,042$6,499
24 years$46,146$35,600$27,140$20,478$15,318$5,545
25 years$43,829$33,409$25,137$18,702$13,784$4,735
26 years$41,693$31,399$23,313$17,100$12,416$4,045
27 years$39,719$29,550$21,649$15,652$11,194$3,457
28 years$37,889$27,845$20,125$14,341$10,101$2,955
29 years$36,189$26,268$18,728$13,151$9,121$2,528
30 years$34,605$24,808$17,445$12,069$8,241$2,162
31 years$33,126$23,452$16,263$11,085$7,451$1,850
32 years$31,742$22,190$15,174$10,187$6,740$1,584
33 years$30,445$21,014$14,168$9,368$6,099$1,356
34 years$29,226$19,917$13,238$8,619$5,522$1,161
35 years$28,080$18,891$12,376$7,934$5,002$994
36 years$27,000$17,930$11,578$7,307$4,532$851
37 years$25,981$17,029$10,836$6,733$4,107$729
38 years$25,017$16,184$10,148$6,206$3,724$624
39 years$24,106$15,389$9,507$5,722$3,377$535
40 years$23,242$14,642$8,911$5,278$3,063$458
41 years$22,422$13,938$8,356$4,869$2,779$392
42 years$21,643$13,274$7,838$4,494$2,521$336
43 years$20,903$12,647$7,355$4,148$2,288$288
44 years$20,198$12,055$6,904$3,830$2,077$247
45 years$19,527$11,496$6,483$3,537$1,886$211
46 years$18,886$10,967$6,089$3,268$1,712$181
47 years$18,275$10,465$5,720$3,019$1,555$155
48 years$17,691$9,991$5,375$2,790$1,412$133
49 years$17,132$9,541$5,053$2,578$1,282$114
50 years$16,598$9,114$4,750$2,383$1,165$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,000,000, adding $2,649 every year, while hoping to spend $27,363 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: 65/16/19 Blend
54$17,000,000$17,000,000$17,000,000$17,000,000
55$18,736,732$17,835,732$17,572,232$19,865,022
56$20,618,765$18,680,569$18,131,788$21,467,361
57$22,691,848$19,565,886$18,709,172$23,214,353
58$24,975,439$20,493,637$19,304,952$25,122,870
59$27,490,981$21,465,873$19,919,715$27,208,729
60$30,262,102$22,484,741$20,554,066$29,489,335
61$33,314,839$23,552,496$21,208,630$31,983,840
62$36,677,884$24,671,500$21,884,050$34,713,318
63$40,382,855$25,844,230$22,580,993$37,700,963
64$44,464,594$27,073,285$23,300,144$40,972,305
65$48,961,494$28,361,388$24,042,210$44,555,441
66$53,915,866$29,711,395$24,807,924$48,481,300
67$59,374,334$31,126,303$25,598,039$52,783,929
68$65,388,275$32,609,251$26,413,332$57,500,812
69$72,014,307$34,163,532$27,254,607$62,673,214
70$79,314,823$35,792,601$28,122,693$68,346,568
71$87,358,575$37,500,079$29,018,443$74,570,899
72$96,221,329$39,289,763$29,942,741$81,401,288
73$105,986,579$41,165,635$30,896,496$88,898,388
74$116,746,330$43,131,871$31,880,649$97,128,989
75$128,601,972$45,192,850$32,896,168$106,166,642
76$141,665,237$47,353,163$33,944,053$116,092,347
77$156,059,250$49,617,627$35,025,338$126,995,309
78$171,919,693$51,991,290$36,141,086$138,973,776
79$189,396,087$54,479,449$37,292,398$152,135,953
80$208,653,202$57,087,656$38,480,407$166,601,019
81$229,872,612$59,821,734$39,706,283$182,500,245
82$253,254,410$62,687,791$40,971,236$199,978,219
83$279,019,097$65,692,230$42,276,510$219,194,205
84$307,409,664$68,841,768$43,623,392$240,323,638
85$338,693,883$72,143,448$45,013,209$263,559,765
86$373,166,839$75,604,656$46,447,331$289,115,465
87$411,153,710$79,233,138$47,927,170$317,225,241
88$453,012,844$83,037,017$49,454,185$348,147,427
89$499,139,135$87,024,812$51,029,882$382,166,612
90$549,967,755$91,205,457$52,655,811$419,596,313
91$605,978,263$95,588,321$54,333,578$460,781,926
92$667,699,126$100,183,229$56,064,833$506,103,967
93$735,712,717$105,000,488$57,851,285$555,981,653
94$810,660,806$110,050,903$59,694,694$610,876,844
95$893,250,618$115,345,807$61,596,877$671,298,385
96$984,261,518$120,897,089$63,559,709$737,806,899
97$1,084,552,359$126,717,212$65,585,125$811,020,054
98$1,195,069,594$132,819,250$67,675,122$891,618,381
99$1,316,856,214$139,216,914$69,831,760$980,351,681
100$1,451,061,589$145,924,584$72,057,165$1,078,046,078