Can I retire at age 60 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%18.1%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,311,161
2 years$694,972$682,029$669,485$657,323$645,526$601,174
3 years$458,713$445,714$433,201$421,153$409,548$366,680
4 years$340,606$327,647$315,260$303,417$292,093$251,037
5 years$269,760$256,879$244,654$233,053$222,044$182,910
6 years$222,546$209,761$197,717$186,375$175,696$138,516
7 years$188,834$176,157$164,304$153,229$142,888$107,657
8 years$163,562$150,999$139,343$128,540$118,539$85,231
9 years$143,916$131,472$120,016$109,487$99,827$68,404
10 years$128,208$115,886$104,632$94,379$85,058$55,470
11 years$115,365$103,166$92,117$82,138$73,153$45,344
12 years$104,670$92,597$81,751$72,046$63,393$37,302
13 years$95,628$83,680$73,039$63,606$55,280$30,842
14 years$87,883$76,063$65,626$56,462$48,458$25,606
15 years$81,178$69,485$59,252$50,355$42,666$21,329
16 years$75,316$63,751$53,720$45,087$37,708$17,814
17 years$70,150$58,712$48,883$40,510$33,435$14,913
18 years$65,562$54,253$44,624$36,508$29,729$12,507
19 years$61,463$50,281$40,851$32,988$26,498$10,505
20 years$57,778$46,724$37,491$29,877$23,668$8,835
21 years$54,448$43,521$34,485$27,115$21,180$7,439
22 years$51,425$40,625$31,783$24,654$18,985$6,268
23 years$48,669$37,996$29,346$22,453$17,042$5,286
24 years$46,146$35,600$27,140$20,478$15,318$4,461
25 years$43,829$33,409$25,137$18,702$13,784$3,766
26 years$41,693$31,399$23,313$17,100$12,416$3,181
27 years$39,719$29,550$21,649$15,652$11,194$2,688
28 years$37,889$27,845$20,125$14,341$10,101$2,272
29 years$36,189$26,268$18,728$13,151$9,121$1,921
30 years$34,605$24,808$17,445$12,069$8,241$1,625
31 years$33,126$23,452$16,263$11,085$7,451$1,374
32 years$31,742$22,190$15,174$10,187$6,740$1,163
33 years$30,445$21,014$14,168$9,368$6,099$984
34 years$29,226$19,917$13,238$8,619$5,522$832
35 years$28,080$18,891$12,376$7,934$5,002$704
36 years$27,000$17,930$11,578$7,307$4,532$596
37 years$25,981$17,029$10,836$6,733$4,107$505
38 years$25,017$16,184$10,148$6,206$3,724$427
39 years$24,106$15,389$9,507$5,722$3,377$362
40 years$23,242$14,642$8,911$5,278$3,063$306
41 years$22,422$13,938$8,356$4,869$2,779$259
42 years$21,643$13,274$7,838$4,494$2,521$219
43 years$20,903$12,647$7,355$4,148$2,288$186
44 years$20,198$12,055$6,904$3,830$2,077$157
45 years$19,527$11,496$6,483$3,537$1,886$133
46 years$18,886$10,967$6,089$3,268$1,712$113
47 years$18,275$10,465$5,720$3,019$1,555$95
48 years$17,691$9,991$5,375$2,790$1,412$81
49 years$17,132$9,541$5,053$2,578$1,282$68
50 years$16,598$9,114$4,750$2,383$1,165$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $17,000,000, adding $5,326 every year, while hoping to spend $56,176 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: 74/15/11 Blend
59$17,000,000$17,000,000$17,000,000$17,000,000
60$18,739,494$17,838,494$17,574,994$20,086,107
61$20,591,151$18,652,809$18,103,985$21,790,014
62$22,629,795$19,505,143$18,648,815$23,648,704
63$24,874,439$20,397,299$19,209,955$25,683,508
64$27,346,032$21,331,168$19,787,889$27,911,863
65$30,067,662$22,308,730$20,383,118$30,352,965
66$33,064,767$23,332,061$20,996,156$33,027,942
67$36,365,378$24,403,337$21,627,532$35,960,058
68$40,000,383$25,524,837$22,277,791$39,174,921
69$44,003,820$26,698,951$22,947,494$42,700,728
70$48,413,194$27,928,185$23,637,220$46,568,525
71$53,269,835$29,215,161$24,347,562$50,812,495
72$58,619,286$30,562,632$25,079,134$55,470,281
73$64,511,733$31,973,481$25,832,564$60,583,333
74$71,002,478$33,450,730$26,608,503$66,197,300
75$78,152,462$34,997,546$27,407,619$72,362,451
76$86,028,837$36,617,249$28,230,598$79,134,150
77$94,705,604$38,313,321$29,078,149$86,573,370
78$104,264,309$40,089,407$29,951,000$94,747,267
79$114,794,812$41,949,331$30,849,902$103,729,809
80$126,396,136$43,897,101$31,775,627$113,602,464
81$139,177,401$45,936,919$32,728,970$124,454,969
82$153,258,854$48,073,186$33,710,748$136,386,171
83$168,773,004$50,310,519$34,721,805$149,504,948
84$185,865,872$52,653,756$35,763,008$163,931,240
85$204,698,371$55,107,970$36,835,248$179,797,167
86$225,447,821$57,678,477$37,939,445$197,248,271
87$248,309,627$60,370,850$39,076,545$216,444,887
88$273,499,120$63,190,933$40,247,520$237,563,642
89$301,253,591$66,144,850$41,453,374$260,799,121
90$331,834,532$69,239,022$42,695,136$286,365,692
91$365,530,101$72,480,181$43,973,870$314,499,524
92$402,657,844$75,875,382$45,290,667$345,460,804
93$443,567,692$79,432,024$46,646,652$379,536,186
94$488,645,265$83,157,862$48,042,984$417,041,487
95$538,315,512$87,061,026$49,480,853$458,324,660
96$593,046,719$91,150,042$50,961,486$503,769,065
97$653,354,934$95,433,844$52,486,146$553,797,078
98$719,808,837$99,921,802$54,056,132$608,874,068
99$793,035,107$104,623,738$55,672,781$669,512,778
100$873,724,338$109,549,951$57,337,469$736,278,151