Can I retire at age 55 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%14.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,343,860
2 years$703,148$690,053$677,361$665,056$653,120$625,342
3 years$464,109$450,957$438,298$426,108$414,366$387,369
4 years$344,613$331,501$318,968$306,987$295,529$269,521
5 years$272,934$259,901$247,533$235,795$224,657$199,710
6 years$225,164$212,229$200,043$188,567$177,763$153,906
7 years$191,055$178,229$166,237$155,032$144,569$121,807
8 years$165,486$152,776$140,982$130,052$119,934$98,260
9 years$145,609$133,019$121,428$110,776$101,002$80,401
10 years$129,717$117,249$105,863$95,490$86,059$66,512
11 years$116,722$104,380$93,200$83,105$74,013$55,496
12 years$105,901$93,686$82,713$72,894$64,138$46,624
13 years$96,753$84,665$73,899$64,354$55,930$39,388
14 years$88,917$76,958$66,398$57,127$49,028$33,428
15 years$82,133$70,302$59,949$50,947$43,168$28,477
16 years$76,202$64,501$54,352$45,617$38,152$24,335
17 years$70,975$59,403$49,458$40,987$33,828$20,851
18 years$66,334$54,891$45,149$36,937$30,078$17,905
19 years$62,186$50,873$41,332$33,376$26,810$15,405
20 years$58,457$47,273$37,932$30,229$23,947$13,274
21 years$55,088$44,033$34,890$27,434$21,430$11,455
22 years$52,030$41,103$32,157$24,944$19,209$9,896
23 years$49,241$38,443$29,691$22,717$17,243$8,558
24 years$46,689$36,019$27,459$20,719$15,498$7,407
25 years$44,344$33,802$25,433$18,922$13,946$6,416
26 years$42,184$31,768$23,588$17,301$12,562$5,561
27 years$40,186$29,898$21,903$15,836$11,326$4,822
28 years$38,335$28,172$20,362$14,509$10,219$4,184
29 years$36,615$26,577$18,949$13,305$9,228$3,631
30 years$35,012$25,100$17,650$12,211$8,338$3,153
31 years$33,515$23,727$16,454$11,215$7,538$2,739
32 years$32,115$22,451$15,352$10,307$6,819$2,379
33 years$30,803$21,261$14,334$9,478$6,171$2,067
34 years$29,570$20,151$13,393$8,721$5,587$1,797
35 years$28,410$19,113$12,522$8,028$5,061$1,562
36 years$27,318$18,141$11,714$7,393$4,585$1,358
37 years$26,286$17,230$10,964$6,812$4,156$1,181
38 years$25,312$16,374$10,267$6,279$3,768$1,027
39 years$24,389$15,570$9,619$5,789$3,417$893
40 years$23,515$14,814$9,016$5,340$3,099$777
41 years$22,686$14,102$8,454$4,927$2,811$676
42 years$21,898$13,430$7,930$4,547$2,551$588
43 years$21,149$12,796$7,442$4,197$2,315$512
44 years$20,436$12,197$6,985$3,875$2,102$445
45 years$19,757$11,631$6,559$3,579$1,908$387
46 years$19,109$11,096$6,160$3,306$1,732$337
47 years$18,490$10,589$5,788$3,054$1,573$293
48 years$17,899$10,108$5,439$2,822$1,428$255
49 years$17,334$9,653$5,112$2,608$1,297$222
50 years$16,793$9,221$4,806$2,411$1,178$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,200,000, adding $5,242 every year, while hoping to spend $25,697 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: 44/49/7 Blend
54$17,200,000$17,200,000$17,200,000$17,200,000
55$18,959,807$18,048,207$17,781,607$19,756,215
56$20,866,366$18,905,228$18,349,950$21,164,635
57$22,966,533$19,803,381$18,936,470$22,687,116
58$25,280,028$20,744,656$19,541,751$24,336,561
59$27,828,583$21,731,137$20,166,392$26,124,620
60$30,636,146$22,765,010$20,811,014$28,064,075
61$33,729,106$23,848,568$21,476,255$30,168,945
62$37,136,541$24,984,214$22,162,776$32,454,614
63$40,890,497$26,174,470$22,871,258$34,937,965
64$45,026,287$27,421,978$23,602,405$37,637,529
65$49,582,824$28,729,510$24,356,941$40,573,653
66$54,602,989$30,099,973$25,135,615$43,768,676
67$60,134,036$31,536,414$25,939,200$47,247,134
68$66,228,039$33,042,029$26,768,494$51,035,977
69$72,942,380$34,620,170$27,624,320$55,164,811
70$80,340,295$36,274,351$28,507,528$59,666,165
71$88,491,468$38,008,257$29,418,993$64,575,786
72$97,472,689$39,825,753$30,359,620$69,932,959
73$107,368,581$41,730,892$31,330,345$75,780,867
74$118,272,393$43,727,923$32,332,129$82,166,980
75$130,286,890$45,821,304$33,365,968$89,143,488
76$143,525,313$48,015,708$34,432,888$96,767,777
77$158,112,453$50,316,036$35,533,948$105,102,951
78$174,185,830$52,727,429$36,670,242$114,218,413
79$191,896,988$55,255,275$37,842,898$124,190,495
80$211,412,925$57,905,229$39,053,080$135,103,161
81$232,917,676$60,683,217$40,301,990$147,048,780
82$256,614,041$63,595,457$41,590,869$160,128,971
83$282,725,506$66,648,467$42,920,996$174,455,541
84$311,498,351$69,849,085$44,293,692$190,151,517
85$343,203,974$73,204,481$45,710,322$207,352,279
86$378,141,453$76,722,175$47,172,291$226,206,810
87$416,640,371$80,410,051$48,681,053$246,879,078
88$459,063,926$84,276,381$50,238,106$269,549,549
89$505,812,360$88,329,838$51,844,996$294,416,863
90$557,326,738$92,579,517$53,503,321$321,699,675
91$614,093,110$97,034,958$55,214,727$351,638,682
92$676,647,102$101,706,166$56,980,915$384,498,866
93$745,578,971$106,603,632$58,803,640$420,571,950
94$821,539,178$111,738,362$60,684,713$460,179,116
95$905,244,526$117,121,894$62,626,004$503,673,997
96$997,484,933$122,766,332$64,629,440$551,445,968
97$1,099,130,884$128,684,370$66,697,014$603,923,778
98$1,211,141,651$134,889,320$68,830,780$661,579,551
99$1,334,574,347$141,395,145$71,032,859$724,933,190
100$1,470,593,909$148,216,486$73,305,439$794,557,236