Can I retire at age 55 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%16.4%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,327,920
2 years$699,060$686,041$673,423$661,189$649,323$613,642
3 years$461,411$448,335$435,749$423,630$411,957$377,368
4 years$342,609$329,574$317,114$305,202$293,811$260,581
5 years$271,347$258,390$246,093$234,424$223,351$191,571
6 years$223,855$210,995$198,880$187,471$176,730$146,432
7 years$189,945$177,193$165,270$154,130$143,729$114,914
8 years$164,524$151,887$140,162$129,296$119,237$91,892
9 years$144,762$132,245$120,722$110,132$100,415$74,515
10 years$128,962$116,568$105,248$94,934$85,558$61,072
11 years$116,044$103,773$92,659$82,621$73,583$50,473
12 years$105,286$93,141$82,232$72,470$63,765$41,991
13 years$96,190$84,173$73,469$63,980$55,605$35,120
14 years$88,400$76,511$66,012$56,794$48,743$29,502
15 years$81,655$69,894$59,600$50,651$42,917$24,871
16 years$75,759$64,126$54,036$45,352$37,930$21,028
17 years$70,563$59,058$49,171$40,749$33,631$17,823
18 years$65,948$54,572$44,887$36,723$29,904$15,137
19 years$61,824$50,577$41,092$33,182$26,654$12,878
20 years$58,117$46,998$37,712$30,053$23,808$10,972
21 years$54,768$43,777$34,688$27,275$21,305$9,360
22 years$51,727$40,864$31,970$24,799$19,097$7,993
23 years$48,955$38,220$29,519$22,585$17,143$6,831
24 years$46,417$35,809$27,300$20,599$15,408$5,843
25 years$44,086$33,605$25,285$18,812$13,865$5,001
26 years$41,938$31,584$23,451$17,201$12,489$4,282
27 years$39,953$29,724$21,776$15,744$11,260$3,669
28 years$38,112$28,009$20,244$14,425$10,160$3,145
29 years$36,402$26,423$18,838$13,228$9,174$2,696
30 years$34,808$24,954$17,547$12,140$8,290$2,312
31 years$33,320$23,589$16,359$11,150$7,495$1,983
32 years$31,928$22,320$15,263$10,247$6,779$1,702
33 years$30,624$21,138$14,251$9,423$6,135$1,460
34 years$29,398$20,034$13,315$8,670$5,555$1,253
35 years$28,245$19,002$12,449$7,981$5,031$1,076
36 years$27,159$18,035$11,646$7,350$4,559$924
37 years$26,133$17,130$10,900$6,772$4,132$793
38 years$25,164$16,279$10,208$6,242$3,746$681
39 years$24,247$15,480$9,563$5,756$3,397$585
40 years$23,378$14,728$8,964$5,309$3,081$502
41 years$22,554$14,020$8,405$4,898$2,795$431
42 years$21,771$13,352$7,884$4,520$2,536$370
43 years$21,026$12,722$7,398$4,173$2,302$318
44 years$20,317$12,126$6,945$3,853$2,089$273
45 years$19,642$11,564$6,521$3,558$1,897$235
46 years$18,998$11,031$6,125$3,287$1,722$202
47 years$18,383$10,527$5,754$3,037$1,564$173
48 years$17,795$10,049$5,407$2,806$1,420$149
49 years$17,233$9,597$5,082$2,593$1,290$128
50 years$16,696$9,167$4,778$2,397$1,172$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,100,000, adding $5,055 every year, while hoping to spend $20,655 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: 47/34/19 Blend
54$17,100,000$17,100,000$17,100,000$17,100,000
55$18,849,414$17,943,114$17,678,064$19,633,440
56$20,750,078$18,800,350$18,248,303$21,037,516
57$22,843,917$19,698,898$18,836,952$22,558,114
58$25,150,613$20,640,761$19,444,607$24,208,142
59$27,691,856$21,628,039$20,071,881$25,999,703
60$30,491,546$22,662,933$20,719,410$27,946,085
61$33,576,020$23,747,754$21,387,847$30,061,884
62$36,974,303$24,884,922$22,077,868$32,363,126
63$40,718,376$26,076,978$22,790,171$34,867,421
64$44,843,485$27,326,584$23,525,477$37,594,113
65$49,388,468$28,636,534$24,284,527$40,564,462
66$54,396,124$30,009,757$25,068,091$43,801,831
67$59,913,617$31,449,323$25,876,960$47,331,897
68$65,992,920$32,958,454$26,711,953$51,182,891
69$72,691,308$34,540,528$27,573,913$55,385,846
70$80,071,895$36,199,088$28,463,713$59,974,889
71$88,204,234$37,937,849$29,382,253$64,987,543
72$97,164,968$39,760,706$30,330,462$70,465,080
73$107,038,561$41,671,747$31,309,298$76,452,890
74$117,918,087$43,675,256$32,319,753$83,000,905
75$129,906,116$45,775,726$33,362,847$90,164,051
76$143,115,675$47,977,872$34,439,638$98,002,760
77$157,671,322$50,286,636$35,551,214$106,583,521
78$173,710,317$52,707,201$36,698,700$115,979,498
79$191,383,920$55,245,005$37,883,257$126,271,199
80$210,858,817$57,905,748$39,106,084$137,547,229
81$232,318,697$60,695,410$40,368,419$149,905,102
82$255,965,982$63,620,263$41,671,538$163,452,148
83$282,023,739$66,686,883$43,016,762$178,306,509
84$310,737,788$69,902,168$44,405,451$194,598,230
85$342,379,021$73,273,352$45,839,011$212,470,475
86$377,245,957$76,808,022$47,318,894$232,080,849
87$415,667,565$80,514,136$48,846,598$253,602,872
88$458,006,367$84,400,039$50,423,670$277,227,587
89$504,661,859$88,474,484$52,051,705$303,165,346
90$556,074,285$92,746,650$53,732,354$331,647,766
91$612,728,792$97,226,165$55,467,317$362,929,892
92$675,160,008$101,923,126$57,258,351$397,292,576
93$743,957,094$106,848,125$59,107,271$435,045,102
94$819,769,301$112,012,267$61,015,949$476,528,072
95$903,312,105$117,427,203$62,986,318$522,116,593
96$995,373,953$123,105,150$65,020,373$572,223,786
97$1,096,823,717$129,058,923$67,120,176$627,304,647
98$1,208,618,888$135,301,961$69,287,854$687,860,311
99$1,331,814,619$141,848,362$71,525,602$754,442,744
100$1,467,573,688$148,712,910$73,835,687$827,659,912