It's never too early to start a collection. Just make sure you're really into this before spending all your money on it :P
I'd get rid of the 1 million and love&luck, and you'd have quite a classy collection for a 17 years old.
I do agree with master-classter about not spending your money on niche at this point. Sure thing like Musc Ravageur or something like Silver Mountain Water/Aventus would be safe, but I wouldn't go beyond that. Though I do happen to have cousins under 18 who love many of my fragrances...but they're middle eastern so they're more accustomed to weird/strong stuff.
I'd seriously avoid Bond No9, not worth the price. I don't even consider Creed worth the retail price and Creed does what Bond No9 does much better. As far as Amouage, you can have a 100ml bottle for as low as $150-$200. Unlike Frederic Malle which is almost impossible to get at anything other than retail. However Amouage might be too much for you....
As far as designer, the houses I enjoy personally are Dior, YSL and Chanel. I don't consider guerlain designer, but even if I did there stuff might be too mature for you. I highly recommend you check YSL M7, Body Kouros and Dior Eau Sauvage, Homme and Homme Intense. As well as Tom Ford Black Orchid and Grey Vetiver.
Finally, Consider buying decants for now. I'm sure 10ml of Frederic Malle/Amouage/Creed won't break your back