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%17%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,316,961
2 years$694,972$682,029$669,485$657,323$645,526$606,895
3 years$458,713$445,714$433,201$421,153$409,548$372,139
4 years$340,606$327,647$315,260$303,417$292,093$256,193
5 years$269,760$256,879$244,654$233,053$222,044$187,751
6 years$222,546$209,761$197,717$186,375$175,696$143,041
7 years$188,834$176,157$164,304$153,229$142,888$111,872
8 years$163,562$150,999$139,343$128,540$118,539$89,145
9 years$143,916$131,472$120,016$109,487$99,827$72,025
10 years$128,208$115,886$104,632$94,379$85,058$58,811
11 years$115,365$103,166$92,117$82,138$73,153$48,418
12 years$104,670$92,597$81,751$72,046$63,393$40,122
13 years$95,628$83,680$73,039$63,606$55,280$33,422
14 years$87,883$76,063$65,626$56,462$48,458$27,959
15 years$81,178$69,485$59,252$50,355$42,666$23,471
16 years$75,316$63,751$53,720$45,087$37,708$19,760
17 years$70,150$58,712$48,883$40,510$33,435$16,675
18 years$65,562$54,253$44,624$36,508$29,729$14,099
19 years$61,463$50,281$40,851$32,988$26,498$11,941
20 years$57,778$46,724$37,491$29,877$23,668$10,128
21 years$54,448$43,521$34,485$27,115$21,180$8,600
22 years$51,425$40,625$31,783$24,654$18,985$7,309
23 years$48,669$37,996$29,346$22,453$17,042$6,218
24 years$46,146$35,600$27,140$20,478$15,318$5,293
25 years$43,829$33,409$25,137$18,702$13,784$4,509
26 years$41,693$31,399$23,313$17,100$12,416$3,842
27 years$39,719$29,550$21,649$15,652$11,194$3,276
28 years$37,889$27,845$20,125$14,341$10,101$2,794
29 years$36,189$26,268$18,728$13,151$9,121$2,384
30 years$34,605$24,808$17,445$12,069$8,241$2,034
31 years$33,126$23,452$16,263$11,085$7,451$1,736
32 years$31,742$22,190$15,174$10,187$6,740$1,482
33 years$30,445$21,014$14,168$9,368$6,099$1,266
34 years$29,226$19,917$13,238$8,619$5,522$1,081
35 years$28,080$18,891$12,376$7,934$5,002$923
36 years$27,000$17,930$11,578$7,307$4,532$789
37 years$25,981$17,029$10,836$6,733$4,107$674
38 years$25,017$16,184$10,148$6,206$3,724$576
39 years$24,106$15,389$9,507$5,722$3,377$492
40 years$23,242$14,642$8,911$5,278$3,063$420
41 years$22,422$13,938$8,356$4,869$2,779$359
42 years$21,643$13,274$7,838$4,494$2,521$307
43 years$20,903$12,647$7,355$4,148$2,288$262
44 years$20,198$12,055$6,904$3,830$2,077$224
45 years$19,527$11,496$6,483$3,537$1,886$191
46 years$18,886$10,967$6,089$3,268$1,712$164
47 years$18,275$10,465$5,720$3,019$1,555$140
48 years$17,691$9,991$5,375$2,790$1,412$119
49 years$17,132$9,541$5,053$2,578$1,282$102
50 years$16,598$9,114$4,750$2,383$1,165$87

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 $2,597 every year, while hoping to spend $40,006 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: 63/11/26 Blend
64$17,000,000$17,000,000$17,000,000$17,000,000
65$18,736,679$17,835,679$17,572,179$19,787,796
66$20,605,254$18,667,061$18,118,281$21,331,294
67$22,663,083$19,537,840$18,681,336$23,011,846
68$24,929,427$20,449,904$19,261,871$24,846,625
69$27,425,512$21,405,233$19,860,427$26,850,742
70$30,174,727$22,405,901$20,477,563$29,040,825
71$33,202,843$23,454,084$21,113,855$31,435,171
72$36,538,261$24,552,063$21,769,898$34,053,922
73$40,212,276$25,702,227$22,446,302$36,919,245
74$44,259,376$26,907,083$23,143,701$40,055,541
75$48,717,561$28,169,259$23,862,743$43,489,672
76$53,628,708$29,491,509$24,604,102$47,251,208
77$59,038,964$30,876,720$25,368,467$51,372,708
78$64,999,180$32,327,921$26,156,552$55,890,016
79$71,565,393$33,848,286$26,969,093$60,842,600
80$78,799,353$35,441,142$27,806,848$66,273,919
81$86,769,107$37,109,978$28,670,597$72,231,828
82$95,549,641$38,858,452$29,561,147$78,769,025
83$105,223,587$40,690,398$30,479,328$85,943,543
84$115,882,003$42,609,838$31,425,996$93,819,297
85$127,625,235$44,620,988$32,402,034$102,466,675
86$140,563,860$46,728,267$33,408,353$111,963,201
87$154,819,730$48,936,309$34,445,890$122,394,259
88$170,527,129$51,249,974$35,515,613$133,853,898
89$187,834,028$53,674,356$36,618,519$146,445,706
90$206,903,496$56,214,795$37,755,636$160,283,784
91$227,915,226$58,876,894$38,928,023$175,493,822
92$251,067,242$61,666,525$40,136,775$192,214,267
93$276,577,760$64,589,844$41,383,016$210,597,634
94$304,687,253$67,653,308$42,667,909$230,811,930
95$335,660,719$70,863,686$43,992,650$253,042,236
96$369,790,183$74,228,077$45,358,474$277,492,443
97$407,397,452$77,753,924$46,766,654$304,387,172
98$448,837,156$81,449,030$48,218,500$333,973,879
99$494,500,093$85,321,579$49,715,367$366,525,189
100$544,816,917$89,380,151$51,258,646$402,341,454