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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,349,324
2 years$694,972$682,029$669,485$657,323$645,526$639,187
3 years$458,713$445,714$433,201$421,153$409,548$403,347
4 years$340,606$327,647$315,260$303,417$292,093$286,077
5 years$269,760$256,879$244,654$233,053$222,044$216,231
6 years$222,546$209,761$197,717$186,375$175,696$170,093
7 years$188,834$176,157$164,304$153,229$142,888$137,498
8 years$163,562$150,999$139,343$128,540$118,539$113,363
9 years$143,916$131,472$120,016$109,487$99,827$94,863
10 years$128,208$115,886$104,632$94,379$85,058$80,304
11 years$115,365$103,166$92,117$82,138$73,153$68,606
12 years$104,670$92,597$81,751$72,046$63,393$59,049
13 years$95,628$83,680$73,039$63,606$55,280$51,135
14 years$87,883$76,063$65,626$56,462$48,458$44,508
15 years$81,178$69,485$59,252$50,355$42,666$38,906
16 years$75,316$63,751$53,720$45,087$37,708$34,133
17 years$70,150$58,712$48,883$40,510$33,435$30,039
18 years$65,562$54,253$44,624$36,508$29,729$26,507
19 years$61,463$50,281$40,851$32,988$26,498$23,444
20 years$57,778$46,724$37,491$29,877$23,668$20,777
21 years$54,448$43,521$34,485$27,115$21,180$18,445
22 years$51,425$40,625$31,783$24,654$18,985$16,401
23 years$48,669$37,996$29,346$22,453$17,042$14,602
24 years$46,146$35,600$27,140$20,478$15,318$13,017
25 years$43,829$33,409$25,137$18,702$13,784$11,615
26 years$41,693$31,399$23,313$17,100$12,416$10,374
27 years$39,719$29,550$21,649$15,652$11,194$9,274
28 years$37,889$27,845$20,125$14,341$10,101$8,296
29 years$36,189$26,268$18,728$13,151$9,121$7,426
30 years$34,605$24,808$17,445$12,069$8,241$6,651
31 years$33,126$23,452$16,263$11,085$7,451$5,960
32 years$31,742$22,190$15,174$10,187$6,740$5,343
33 years$30,445$21,014$14,168$9,368$6,099$4,792
34 years$29,226$19,917$13,238$8,619$5,522$4,300
35 years$28,080$18,891$12,376$7,934$5,002$3,859
36 years$27,000$17,930$11,578$7,307$4,532$3,465
37 years$25,981$17,029$10,836$6,733$4,107$3,111
38 years$25,017$16,184$10,148$6,206$3,724$2,795
39 years$24,106$15,389$9,507$5,722$3,377$2,511
40 years$23,242$14,642$8,911$5,278$3,063$2,256
41 years$22,422$13,938$8,356$4,869$2,779$2,028
42 years$21,643$13,274$7,838$4,494$2,521$1,823
43 years$20,903$12,647$7,355$4,148$2,288$1,639
44 years$20,198$12,055$6,904$3,830$2,077$1,473
45 years$19,527$11,496$6,483$3,537$1,886$1,325
46 years$18,886$10,967$6,089$3,268$1,712$1,191
47 years$18,275$10,465$5,720$3,019$1,555$1,071
48 years$17,691$9,991$5,375$2,790$1,412$964
49 years$17,132$9,541$5,053$2,578$1,282$867
50 years$16,598$9,114$4,750$2,383$1,165$780

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 $3,361 every year, while hoping to spend $34,953 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: 45/42/13 Blend
58$17,000,000$17,000,000$17,000,000$17,000,000
59$18,737,467$17,836,467$17,572,967$19,511,071
60$20,611,499$18,673,264$18,124,472$20,886,057
61$22,675,510$19,549,893$18,693,280$22,372,330
62$24,948,843$20,468,268$19,279,935$23,983,199
63$27,452,809$21,430,397$19,884,997$25,730,192
64$30,210,894$22,438,385$20,509,043$27,625,960
65$33,248,977$23,494,438$21,152,668$29,684,390
66$36,595,577$24,600,869$21,816,486$31,920,725
67$40,282,119$25,760,105$22,501,132$34,351,702
68$44,343,232$26,974,688$23,207,257$36,995,704
69$48,817,078$28,247,283$23,935,536$39,872,919
70$53,745,707$29,580,688$24,686,664$43,005,525
71$59,175,460$30,977,831$25,461,358$46,417,889
72$65,157,399$32,441,787$26,260,355$50,136,789
73$71,747,796$33,975,778$27,084,420$54,191,650
74$79,008,660$35,583,180$27,934,337$58,614,817
75$87,008,325$37,267,537$28,810,919$63,441,845
76$95,822,089$39,032,562$29,715,000$68,711,826
77$105,532,934$40,882,149$30,647,444$74,467,740
78$116,232,300$42,820,381$31,609,140$80,756,851
79$128,020,954$44,851,539$32,601,005$87,631,139
80$141,009,939$46,980,111$33,623,987$95,147,775
81$155,321,622$49,210,806$34,679,059$103,369,647
82$171,090,849$51,548,558$35,767,230$112,365,934
83$188,466,221$53,998,542$36,889,537$122,212,746
84$207,611,489$56,566,184$38,047,050$132,993,824
85$228,707,109$59,257,175$39,240,875$144,801,309
86$251,951,938$62,077,481$40,472,148$157,736,599
87$277,565,116$65,033,358$41,742,045$171,911,277
88$305,788,132$68,131,367$43,051,778$187,448,152
89$336,887,104$71,378,386$44,402,595$204,482,390
90$371,155,291$74,781,629$45,795,784$223,162,771
91$408,915,863$78,348,661$47,232,675$243,653,066
92$450,524,949$82,087,414$48,714,638$266,133,557
93$496,375,002$86,006,205$50,243,086$290,802,718
94$546,898,500$90,113,757$51,819,477$317,879,053
95$602,572,032$94,419,216$53,445,315$347,603,134
96$663,920,795$98,932,174$55,122,150$380,239,842
97$731,523,555$103,662,690$56,851,580$416,080,832
98$806,018,106$108,621,309$58,635,256$455,447,256
99$888,107,294$113,819,095$60,474,878$498,692,756
100$978,565,652$119,267,645$62,372,201$546,206,771