Can I retire at age 59 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,303,363
2 years$694,972$682,029$669,485$657,323$645,526$593,517
3 years$458,713$445,714$433,201$421,153$409,548$359,408
4 years$340,606$327,647$315,260$303,417$292,093$244,204
5 years$269,760$256,879$244,654$233,053$222,044$176,529
6 years$222,546$209,761$197,717$186,375$175,696$132,585
7 years$188,834$176,157$164,304$153,229$142,888$102,167
8 years$163,562$150,999$139,343$128,540$118,539$80,170
9 years$143,916$131,472$120,016$109,487$99,827$63,753
10 years$128,208$115,886$104,632$94,379$85,058$51,210
11 years$115,365$103,166$92,117$82,138$73,153$41,456
12 years$104,670$92,597$81,751$72,046$63,393$33,764
13 years$95,628$83,680$73,039$63,606$55,280$27,633
14 years$87,883$76,063$65,626$56,462$48,458$22,702
15 years$81,178$69,485$59,252$50,355$42,666$18,709
16 years$75,316$63,751$53,720$45,087$37,708$15,457
17 years$70,150$58,712$48,883$40,510$33,435$12,797
18 years$65,562$54,253$44,624$36,508$29,729$10,613
19 years$61,463$50,281$40,851$32,988$26,498$8,814
20 years$57,778$46,724$37,491$29,877$23,668$7,328
21 years$54,448$43,521$34,485$27,115$21,180$6,098
22 years$51,425$40,625$31,783$24,654$18,985$5,079
23 years$48,669$37,996$29,346$22,453$17,042$4,233
24 years$46,146$35,600$27,140$20,478$15,318$3,530
25 years$43,829$33,409$25,137$18,702$13,784$2,945
26 years$41,693$31,399$23,313$17,100$12,416$2,457
27 years$39,719$29,550$21,649$15,652$11,194$2,051
28 years$37,889$27,845$20,125$14,341$10,101$1,713
29 years$36,189$26,268$18,728$13,151$9,121$1,431
30 years$34,605$24,808$17,445$12,069$8,241$1,195
31 years$33,126$23,452$16,263$11,085$7,451$999
32 years$31,742$22,190$15,174$10,187$6,740$834
33 years$30,445$21,014$14,168$9,368$6,099$697
34 years$29,226$19,917$13,238$8,619$5,522$583
35 years$28,080$18,891$12,376$7,934$5,002$487
36 years$27,000$17,930$11,578$7,307$4,532$407
37 years$25,981$17,029$10,836$6,733$4,107$340
38 years$25,017$16,184$10,148$6,206$3,724$284
39 years$24,106$15,389$9,507$5,722$3,377$238
40 years$23,242$14,642$8,911$5,278$3,063$199
41 years$22,422$13,938$8,356$4,869$2,779$166
42 years$21,643$13,274$7,838$4,494$2,521$139
43 years$20,903$12,647$7,355$4,148$2,288$116
44 years$20,198$12,055$6,904$3,830$2,077$97
45 years$19,527$11,496$6,483$3,537$1,886$81
46 years$18,886$10,967$6,089$3,268$1,712$68
47 years$18,275$10,465$5,720$3,019$1,555$57
48 years$17,691$9,991$5,375$2,790$1,412$47
49 years$17,132$9,541$5,053$2,578$1,282$40
50 years$16,598$9,114$4,750$2,383$1,165$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $17,000,000, adding $6,201 every year, while hoping to spend $40,281 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: 41/38/21 Blend
58$17,000,000$17,000,000$17,000,000$17,000,000
59$18,740,396$17,839,396$17,575,896$19,392,579
60$20,609,058$18,670,668$18,121,830$20,690,050
61$22,666,973$19,541,322$18,684,703$22,089,171
62$24,933,403$20,453,246$19,265,039$23,602,748
63$27,429,573$21,408,417$19,863,380$25,241,275
64$30,178,870$22,408,910$20,480,284$27,016,269
65$33,207,067$23,456,899$21,116,326$28,940,364
66$36,542,563$24,554,662$21,772,098$31,027,431
67$40,216,654$25,704,590$22,448,213$33,292,693
68$44,263,825$26,909,188$23,145,300$35,752,868
69$48,722,077$28,171,080$23,864,010$38,426,313
70$53,633,286$29,493,020$24,605,011$41,333,191
71$59,043,597$30,877,894$25,368,996$44,495,652
72$65,003,862$32,328,728$26,156,674$47,938,032
73$71,570,114$33,848,694$26,968,781$51,687,073
74$78,804,104$35,441,118$27,806,074$55,772,164
75$86,773,877$37,109,487$28,669,331$60,225,610
76$95,554,416$38,857,456$29,559,358$65,082,921
77$105,228,353$40,688,858$30,476,983$70,383,139
78$115,886,745$42,607,712$31,423,062$76,169,193
79$127,629,933$44,618,230$32,398,474$82,488,291
80$140,568,493$46,724,830$33,404,130$89,392,351
81$154,824,275$48,932,142$34,440,964$96,938,476
82$170,531,558$51,245,024$35,509,943$105,189,482
83$187,838,312$53,668,566$36,612,062$114,214,470
84$206,907,600$56,208,106$37,748,346$124,089,467
85$227,919,114$58,869,242$38,919,854$134,898,121
86$251,070,871$61,657,842$40,127,677$146,732,477
87$276,581,083$64,580,060$41,372,937$159,693,825
88$304,690,218$67,642,347$42,656,795$173,893,636
89$335,663,268$70,851,469$43,980,445$189,454,595
90$369,792,250$74,214,520$45,345,118$206,511,736
91$407,398,964$77,738,936$46,752,085$225,213,697
92$448,838,033$81,432,519$48,202,654$245,724,096
93$494,500,245$85,303,444$49,698,175$268,223,051
94$544,816,245$89,360,288$51,240,039$292,908,857
95$600,260,602$93,612,042$52,829,681$319,999,830
96$661,356,286$98,068,135$54,468,578$349,736,337
97$728,679,606$102,738,453$56,158,254$382,383,039
98$802,865,652$107,633,363$57,900,282$418,231,355
99$884,614,288$112,763,737$59,696,280$457,602,184
100$974,696,759$118,140,974$61,547,920$500,848,896