Can I retire at age 65 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%16.1%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,321,760
2 years$694,972$682,029$669,485$657,323$645,526$611,643
3 years$458,713$445,714$433,201$421,153$409,548$376,686
4 years$340,606$327,647$315,260$303,417$292,093$260,504
5 years$269,760$256,879$244,654$233,053$222,044$191,817
6 years$222,546$209,761$197,717$186,375$175,696$146,860
7 years$188,834$176,157$164,304$153,229$142,888$115,446
8 years$163,562$150,999$139,343$128,540$118,539$92,479
9 years$143,916$131,472$120,016$109,487$99,827$75,127
10 years$128,208$115,886$104,632$94,379$85,058$61,689
11 years$115,365$103,166$92,117$82,138$73,153$51,081
12 years$104,670$92,597$81,751$72,046$63,393$42,580
13 years$95,628$83,680$73,039$63,606$55,280$35,685
14 years$87,883$76,063$65,626$56,462$48,458$30,038
15 years$81,178$69,485$59,252$50,355$42,666$25,376
16 years$75,316$63,751$53,720$45,087$37,708$21,501
17 years$70,150$58,712$48,883$40,510$33,435$18,264
18 years$65,562$54,253$44,624$36,508$29,729$15,546
19 years$61,463$50,281$40,851$32,988$26,498$13,256
20 years$57,778$46,724$37,491$29,877$23,668$11,320
21 years$54,448$43,521$34,485$27,115$21,180$9,679
22 years$51,425$40,625$31,783$24,654$18,985$8,284
23 years$48,669$37,996$29,346$22,453$17,042$7,097
24 years$46,146$35,600$27,140$20,478$15,318$6,085
25 years$43,829$33,409$25,137$18,702$13,784$5,220
26 years$41,693$31,399$23,313$17,100$12,416$4,481
27 years$39,719$29,550$21,649$15,652$11,194$3,849
28 years$37,889$27,845$20,125$14,341$10,101$3,307
29 years$36,189$26,268$18,728$13,151$9,121$2,842
30 years$34,605$24,808$17,445$12,069$8,241$2,443
31 years$33,126$23,452$16,263$11,085$7,451$2,101
32 years$31,742$22,190$15,174$10,187$6,740$1,807
33 years$30,445$21,014$14,168$9,368$6,099$1,555
34 years$29,226$19,917$13,238$8,619$5,522$1,338
35 years$28,080$18,891$12,376$7,934$5,002$1,151
36 years$27,000$17,930$11,578$7,307$4,532$991
37 years$25,981$17,029$10,836$6,733$4,107$853
38 years$25,017$16,184$10,148$6,206$3,724$734
39 years$24,106$15,389$9,507$5,722$3,377$632
40 years$23,242$14,642$8,911$5,278$3,063$544
41 years$22,422$13,938$8,356$4,869$2,779$469
42 years$21,643$13,274$7,838$4,494$2,521$404
43 years$20,903$12,647$7,355$4,148$2,288$347
44 years$20,198$12,055$6,904$3,830$2,077$299
45 years$19,527$11,496$6,483$3,537$1,886$258
46 years$18,886$10,967$6,089$3,268$1,712$222
47 years$18,275$10,465$5,720$3,019$1,555$191
48 years$17,691$9,991$5,375$2,790$1,412$165
49 years$17,132$9,541$5,053$2,578$1,282$142
50 years$16,598$9,114$4,750$2,383$1,165$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,000,000, adding $2,224 every year, while hoping to spend $21,327 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: 59/15/26 Blend
64$17,000,000$17,000,000$17,000,000$17,000,000
65$18,736,294$17,835,294$17,571,794$19,709,889
66$20,624,704$18,686,532$18,137,757$21,225,623
67$22,705,018$19,578,765$18,721,966$22,875,631
68$24,996,786$20,513,981$19,325,008$24,674,948
69$27,521,553$21,494,262$19,947,491$26,638,075
70$30,303,063$22,521,791$20,590,043$28,780,958
71$33,367,477$23,598,861$21,253,312$31,121,145
72$36,743,627$24,727,873$21,937,965$33,677,936
73$40,463,283$25,911,345$22,644,693$36,472,572
74$44,561,456$27,151,919$23,374,208$39,528,423
75$49,076,727$28,452,365$24,127,246$42,871,205
76$54,051,610$29,815,588$24,904,566$46,529,224
77$59,532,957$31,244,634$25,706,951$50,533,629
78$65,572,395$32,742,698$26,535,211$54,918,710
79$72,226,820$34,313,130$27,390,181$59,722,209
80$79,558,926$35,959,444$28,272,722$64,985,674
81$87,637,803$37,685,323$29,183,725$70,754,846
82$96,539,587$39,494,633$30,124,108$77,080,080
83$106,348,180$41,391,424$31,094,821$84,016,820
84$117,156,037$43,379,948$32,096,841$91,626,113
85$129,065,047$45,464,659$33,131,179$99,975,174
86$142,187,488$47,650,233$34,198,879$109,138,023
87$156,647,089$49,941,571$35,301,018$119,196,165
88$172,580,197$52,343,814$36,438,708$130,239,360
89$190,137,069$54,862,353$37,613,097$142,366,456
90$209,483,283$57,502,841$38,825,368$155,686,319
91$230,801,306$60,271,208$40,076,746$170,318,846
92$254,292,215$63,173,673$41,368,493$186,396,092
93$280,177,596$66,216,758$42,701,913$204,063,504
94$308,701,635$69,407,303$44,078,351$223,481,284
95$340,133,422$72,752,481$45,499,196$244,825,893
96$374,769,494$76,259,816$46,965,882$268,291,700
97$412,936,633$79,937,198$48,479,890$294,092,814
98$454,994,951$83,792,902$50,042,747$322,465,084
99$501,341,289$87,835,607$51,656,033$353,668,319
100$552,412,964$92,074,416$53,321,373$387,988,723