Can I retire at age 55 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,332,450
2 years$711,325$698,077$685,238$672,789$660,714$605,934
3 years$469,506$456,201$443,394$431,063$419,184$366,400
4 years$348,620$335,356$322,677$310,556$298,966$248,578
5 years$276,108$262,923$250,411$238,537$227,269$179,407
6 years$227,782$214,697$202,369$190,760$179,830$134,524
7 years$193,277$180,302$168,170$156,834$146,250$103,483
8 years$167,410$154,552$142,621$131,564$121,329$81,057
9 years$147,302$134,565$122,840$112,064$102,176$64,340
10 years$131,225$118,613$107,094$96,600$87,059$51,584
11 years$118,079$105,594$94,284$84,071$74,874$41,677
12 years$107,133$94,775$83,675$73,741$64,884$33,876
13 years$97,878$85,649$74,758$65,103$56,580$27,667
14 years$89,951$77,853$67,170$57,791$49,598$22,682
15 years$83,088$71,120$60,646$51,539$43,670$18,653
16 years$77,089$65,251$54,984$46,148$38,596$15,377
17 years$71,800$60,094$50,034$41,463$34,221$12,703
18 years$67,105$55,529$45,674$37,367$30,428$10,511
19 years$62,909$51,464$41,813$33,764$27,121$8,709
20 years$59,137$47,823$38,373$30,580$24,225$7,224
21 years$55,729$44,545$35,296$27,753$21,679$5,998
22 years$52,635$41,581$32,531$25,234$19,432$4,984
23 years$49,814$38,890$30,036$22,981$17,443$4,144
24 years$47,232$36,438$27,779$20,960$15,678$3,447
25 years$44,860$34,195$25,729$19,142$14,108$2,869
26 years$42,674$32,138$23,862$17,502$12,708$2,388
27 years$40,654$30,245$22,158$16,020$11,457$1,989
28 years$38,781$28,500$20,599$14,678$10,338$1,657
29 years$37,040$26,886$19,169$13,460$9,335$1,380
30 years$35,419$25,391$17,855$12,353$8,435$1,150
31 years$33,905$24,003$16,646$11,345$7,626$959
32 years$32,489$22,712$15,531$10,427$6,898$799
33 years$31,161$21,509$14,501$9,588$6,243$666
34 years$29,914$20,385$13,549$8,822$5,652$555
35 years$28,741$19,335$12,667$8,121$5,119$463
36 years$27,635$18,352$11,850$7,479$4,639$386
37 years$26,592$17,430$11,091$6,891$4,204$322
38 years$25,606$16,565$10,387$6,352$3,811$268
39 years$24,673$15,751$9,731$5,857$3,456$224
40 years$23,789$14,986$9,121$5,402$3,135$187
41 years$22,950$14,266$8,553$4,984$2,844$156
42 years$22,153$13,586$8,023$4,600$2,581$130
43 years$21,395$12,945$7,528$4,246$2,342$108
44 years$20,674$12,339$7,066$3,920$2,126$90
45 years$19,986$11,766$6,635$3,621$1,930$75
46 years$19,331$11,225$6,232$3,344$1,752$63
47 years$18,705$10,712$5,855$3,090$1,591$52
48 years$18,107$10,226$5,502$2,855$1,445$44
49 years$17,536$9,765$5,171$2,639$1,312$36
50 years$16,988$9,328$4,862$2,439$1,192$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,400,000, adding $6,092 every year, while hoping to spend $44,357 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: 41/41/18 Blend
54$17,400,000$17,400,000$17,400,000$17,400,000
55$19,181,084$18,258,884$17,989,184$19,865,462
56$21,090,359$19,106,374$18,544,626$21,199,569
57$23,192,893$19,993,904$19,117,189$22,637,869
58$25,508,353$20,923,389$19,707,399$24,193,704
59$28,058,407$21,896,838$20,315,799$25,877,828
60$30,866,936$22,916,354$20,942,950$27,702,041
61$33,960,251$23,984,143$21,589,426$29,679,286
62$37,367,349$25,102,518$22,255,824$31,823,771
63$41,120,180$26,273,903$22,942,755$34,151,087
64$45,253,952$27,500,838$23,650,852$36,678,353
65$49,807,464$28,785,988$24,380,764$39,424,366
66$54,823,469$30,132,145$25,133,163$42,409,768
67$60,349,079$31,542,236$25,908,740$45,657,234
68$66,436,210$33,019,331$26,708,208$49,191,672
69$73,142,071$34,566,646$27,532,301$53,040,452
70$80,529,706$36,187,555$28,381,777$57,233,649
71$88,668,584$37,885,593$29,257,414$61,804,317
72$97,635,260$39,664,469$30,160,019$66,788,790
73$107,514,096$41,528,067$31,090,418$72,227,008
74$118,398,054$43,480,462$32,049,468$78,162,887
75$130,389,578$45,525,927$33,038,047$84,644,713
76$143,601,557$47,668,940$34,057,064$91,725,588
77$158,158,394$49,914,196$35,107,454$99,463,912
78$174,197,177$52,266,618$36,190,180$107,923,921
79$191,868,974$54,731,367$37,306,236$117,176,276
80$211,340,260$57,313,856$38,456,646$127,298,712
81$232,794,489$60,019,756$39,642,466$138,376,753
82$256,433,820$62,855,018$40,864,782$150,504,501
83$282,481,034$65,825,878$42,124,716$163,785,502
84$311,181,629$68,938,876$43,423,424$178,333,705
85$342,806,142$72,200,867$44,762,095$194,274,516
86$377,652,700$75,619,042$46,141,957$211,745,955
87$416,049,838$79,200,937$47,564,275$230,899,937
88$458,359,596$82,954,457$49,030,353$251,903,682
89$504,980,938$86,887,889$50,541,533$274,941,264
90$556,353,521$91,009,922$52,099,201$300,215,324
91$612,961,839$95,329,668$53,704,783$327,948,950
92$675,339,803$99,856,679$55,359,751$358,387,756
93$744,075,780$104,600,972$57,065,619$391,802,170
94$819,818,143$109,573,053$58,823,950$428,489,947
95$903,281,396$114,783,935$60,636,355$468,778,952
96$995,252,917$120,245,167$62,504,491$513,030,214
97$1,096,600,393$125,968,858$64,430,071$561,641,298
98$1,208,280,010$131,967,709$66,414,855$615,050,017
99$1,331,345,478$138,255,034$68,460,660$673,738,526
100$1,466,957,983$144,844,797$70,569,358$738,237,823