Can I retire at age 55 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 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,376,743
2 years$723,589$710,113$697,052$684,389$672,106$637,381
3 years$477,601$464,066$451,039$438,495$426,412$392,727
4 years$354,631$341,138$328,241$315,911$304,120$271,735
5 years$280,868$267,456$254,728$242,650$231,188$200,191
6 years$231,709$218,398$205,858$194,049$182,931$153,355
7 years$196,609$183,410$171,069$159,538$148,772$120,620
8 years$170,296$157,217$145,080$133,833$123,420$96,681
9 years$149,842$136,885$124,958$113,996$103,938$78,588
10 years$133,487$120,658$108,941$98,265$88,560$64,571
11 years$120,115$107,415$95,910$85,520$76,165$53,501
12 years$108,980$96,409$85,118$75,013$66,003$44,627
13 years$99,565$87,126$76,047$66,225$57,556$37,426
14 years$91,502$79,195$68,328$58,787$50,453$31,525
15 years$84,521$72,346$61,691$52,428$44,423$26,650
16 years$78,418$66,376$55,932$46,944$39,261$22,597
17 years$73,038$61,130$50,896$42,178$34,812$19,209
18 years$68,262$56,487$46,462$38,011$30,953$16,362
19 years$63,994$52,351$42,533$34,346$27,589$13,962
20 years$60,157$48,648$39,035$31,107$24,643$11,932
21 years$56,690$45,313$35,905$28,232$22,053$10,210
22 years$53,542$42,298$33,092$25,669$19,767$8,746
23 years$50,673$39,561$30,554$23,377$17,744$7,499
24 years$48,046$37,066$28,258$21,322$15,949$6,434
25 years$45,633$34,784$26,172$19,472$14,351$5,524
26 years$43,410$32,692$24,273$17,804$12,927$4,746
27 years$41,355$30,767$22,540$16,297$11,655$4,079
28 years$39,449$28,991$20,954$14,931$10,517$3,508
29 years$37,679$27,350$19,499$13,692$9,496$3,017
30 years$36,030$25,829$18,163$12,566$8,580$2,596
31 years$34,490$24,417$16,933$11,541$7,757$2,234
32 years$33,049$23,104$15,799$10,606$7,017$1,924
33 years$31,698$21,879$14,751$9,753$6,351$1,656
34 years$30,430$20,737$13,783$8,974$5,750$1,426
35 years$29,236$19,669$12,886$8,261$5,208$1,228
36 years$28,112$18,668$12,054$7,608$4,718$1,058
37 years$27,050$17,731$11,283$7,010$4,277$912
38 years$26,047$16,850$10,566$6,461$3,877$785
39 years$25,098$16,023$9,899$5,958$3,516$677
40 years$24,199$15,245$9,278$5,495$3,189$583
41 years$23,345$14,511$8,700$5,070$2,893$503
42 years$22,535$13,820$8,161$4,679$2,625$433
43 years$21,764$13,168$7,658$4,319$2,383$373
44 years$21,030$12,552$7,188$3,988$2,163$322
45 years$20,331$11,969$6,750$3,683$1,963$277
46 years$19,664$11,418$6,339$3,402$1,783$239
47 years$19,028$10,896$5,956$3,143$1,619$206
48 years$18,419$10,402$5,597$2,904$1,470$178
49 years$17,838$9,933$5,261$2,684$1,335$153
50 years$17,281$9,489$4,946$2,481$1,213$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $17,700,000, adding $3,544 every year, while hoping to spend $52,077 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: 69/15/16 Blend
54$17,700,000$17,700,000$17,700,000$17,700,000
55$19,509,056$18,570,956$18,296,606$20,781,659
56$21,443,570$19,425,523$18,854,132$22,484,191
57$23,573,659$20,320,219$19,428,591$24,339,786
58$25,919,217$21,256,954$20,020,493$26,368,723
59$28,502,165$22,237,732$20,630,368$28,588,074
60$31,346,657$23,264,653$21,258,757$31,016,625
61$34,479,313$24,339,917$21,906,221$33,675,055
62$37,929,460$25,465,831$22,573,338$36,586,124
63$41,729,421$26,644,813$23,260,700$39,774,888
64$45,914,809$27,879,395$23,968,920$43,268,926
65$50,524,869$29,172,236$24,698,629$47,098,603
66$55,602,849$30,526,118$25,450,476$51,297,347
67$61,196,402$31,943,960$26,225,129$55,901,965
68$67,358,042$33,428,822$27,023,279$60,952,982
69$74,145,638$34,983,909$27,845,634$66,495,022
70$81,622,956$36,612,584$28,692,926$72,577,223
71$89,860,266$38,318,369$29,565,907$79,253,694
72$98,935,002$40,104,959$30,465,355$86,584,025
73$108,932,495$41,976,224$31,392,067$94,633,842
74$119,946,775$43,936,224$32,346,866$103,475,418
75$132,081,461$45,989,215$33,330,601$113,188,352
76$145,450,739$48,139,655$34,344,145$123,860,316
77$160,180,438$50,392,221$35,388,397$135,587,873
78$176,409,218$52,751,816$36,464,284$148,477,382
79$194,289,880$55,223,577$37,572,760$162,645,996
80$213,990,809$57,812,893$38,714,808$178,222,762
81$235,697,557$60,525,411$39,891,440$195,349,827
82$259,614,605$63,367,052$41,103,700$214,183,778
83$285,967,281$66,344,025$42,352,661$234,897,106
84$315,003,899$69,462,837$43,639,430$257,679,830
85$346,998,092$72,730,311$44,965,146$282,741,277
86$382,251,402$76,153,601$46,330,983$310,312,055
87$421,096,124$79,740,207$47,738,150$340,646,214
88$463,898,443$83,497,991$49,187,892$374,023,638
89$511,061,890$87,435,198$50,681,492$410,752,672
90$563,031,151$91,560,471$52,220,271$451,173,026
91$620,296,266$95,882,872$53,805,588$495,658,969
92$683,397,255$100,411,903$55,438,845$544,622,847
93$752,929,215$105,157,526$57,121,486$598,518,966
94$829,547,936$110,130,185$58,854,997$657,847,867
95$913,976,094$115,340,833$60,640,908$723,161,036
96$1,007,010,074$120,800,953$62,480,797$795,066,093
97$1,109,527,485$126,522,583$64,376,287$874,232,521
98$1,222,495,448$132,518,348$66,329,051$961,397,960
99$1,346,979,721$138,801,485$68,340,812$1,057,375,161
100$1,484,154,767$145,385,872$70,413,344$1,163,059,640