Can I retire at age 65 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,352,718
2 years$699,060$686,041$673,423$661,189$649,323$638,376
3 years$461,411$448,335$435,749$423,630$411,957$401,262
4 years$342,609$329,574$317,114$305,202$293,811$283,450
5 years$271,347$258,390$246,093$234,424$223,351$213,355
6 years$223,855$210,995$198,880$187,471$176,730$167,111
7 years$189,945$177,193$165,270$154,130$143,729$134,492
8 years$164,524$151,887$140,162$129,296$119,237$110,382
9 years$144,762$132,245$120,722$110,132$100,415$91,939
10 years$128,962$116,568$105,248$94,934$85,558$77,457
11 years$116,044$103,773$92,659$82,621$73,583$65,850
12 years$105,286$93,141$82,232$72,470$63,765$56,394
13 years$96,190$84,173$73,469$63,980$55,605$48,587
14 years$88,400$76,511$66,012$56,794$48,743$42,069
15 years$81,655$69,894$59,600$50,651$42,917$36,579
16 years$75,759$64,126$54,036$45,352$37,930$31,918
17 years$70,563$59,058$49,171$40,749$33,631$27,934
18 years$65,948$54,572$44,887$36,723$29,904$24,511
19 years$61,824$50,577$41,092$33,182$26,654$21,556
20 years$58,117$46,998$37,712$30,053$23,808$18,993
21 years$54,768$43,777$34,688$27,275$21,305$16,763
22 years$51,727$40,864$31,970$24,799$19,097$14,816
23 years$48,955$38,220$29,519$22,585$17,143$13,112
24 years$46,417$35,809$27,300$20,599$15,408$11,617
25 years$44,086$33,605$25,285$18,812$13,865$10,303
26 years$41,938$31,584$23,451$17,201$12,489$9,145
27 years$39,953$29,724$21,776$15,744$11,260$8,123
28 years$38,112$28,009$20,244$14,425$10,160$7,221
29 years$36,402$26,423$18,838$13,228$9,174$6,422
30 years$34,808$24,954$17,547$12,140$8,290$5,715
31 years$33,320$23,589$16,359$11,150$7,495$5,088
32 years$31,928$22,320$15,263$10,247$6,779$4,532
33 years$30,624$21,138$14,251$9,423$6,135$4,038
34 years$29,398$20,034$13,315$8,670$5,555$3,599
35 years$28,245$19,002$12,449$7,981$5,031$3,208
36 years$27,159$18,035$11,646$7,350$4,559$2,861
37 years$26,133$17,130$10,900$6,772$4,132$2,552
38 years$25,164$16,279$10,208$6,242$3,746$2,277
39 years$24,247$15,480$9,563$5,756$3,397$2,032
40 years$23,378$14,728$8,964$5,309$3,081$1,813
41 years$22,554$14,020$8,405$4,898$2,795$1,618
42 years$21,771$13,352$7,884$4,520$2,536$1,445
43 years$21,026$12,722$7,398$4,173$2,302$1,290
44 years$20,317$12,126$6,945$3,853$2,089$1,152
45 years$19,642$11,564$6,521$3,558$1,897$1,028
46 years$18,998$11,031$6,125$3,287$1,722$918
47 years$18,383$10,527$5,754$3,037$1,564$820
48 years$17,795$10,049$5,407$2,806$1,420$733
49 years$17,233$9,597$5,082$2,593$1,290$654
50 years$16,696$9,167$4,778$2,397$1,172$585

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,100,000, adding $4,961 every year, while hoping to spend $25,129 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: 69/9/22 Blend
64$17,100,000$17,100,000$17,100,000$17,100,000
65$18,849,317$17,943,017$17,677,967$20,045,663
66$20,745,211$18,795,488$18,243,442$21,698,933
67$22,833,643$19,688,888$18,827,018$23,504,038
68$25,134,226$20,625,195$19,429,275$25,478,759
69$27,668,573$21,606,486$20,050,812$27,639,862
70$30,460,499$22,634,935$20,692,246$30,005,801
71$33,536,248$23,712,825$21,354,214$32,596,893
72$36,924,740$24,842,548$22,037,375$35,435,503
73$40,657,844$26,026,613$22,742,407$38,546,254
74$44,770,677$27,267,650$23,470,011$41,956,258
75$49,301,941$28,568,420$24,220,911$45,695,367
76$54,294,280$29,931,813$24,995,852$49,796,449
77$59,794,689$31,360,864$25,795,606$54,295,701
78$65,854,955$32,858,754$26,620,966$59,232,982
79$72,532,146$34,428,819$27,472,754$64,652,186
80$79,889,150$36,074,557$28,351,817$70,601,655
81$87,995,269$37,799,635$29,259,028$77,134,629
82$96,926,870$39,607,902$30,195,290$84,309,747
83$106,768,112$41,503,390$31,161,533$92,191,591
84$117,611,733$43,490,329$32,158,718$100,851,298
85$129,559,932$45,573,158$33,187,837$110,367,221
86$142,725,329$47,756,526$34,249,913$120,825,667
87$157,232,030$50,045,314$35,346,003$132,321,703
88$173,216,799$52,444,636$36,477,196$144,960,054
89$190,830,349$54,959,859$37,644,619$158,856,081
90$210,238,762$57,596,610$38,849,430$174,136,865
91$231,625,060$60,360,788$40,092,831$190,942,402
92$255,190,931$63,258,582$41,376,056$209,426,917
93$281,158,636$66,296,482$42,700,383$229,760,316
94$309,773,100$69,481,293$44,067,130$252,129,777
95$341,304,233$72,820,153$45,477,655$276,741,517
96$376,049,470$76,320,546$46,933,362$303,822,728
97$414,336,587$79,990,324$48,435,701$333,623,711
98$456,526,787$83,837,718$49,986,164$366,420,238
99$503,018,115$87,871,361$51,586,297$402,516,139
100$554,249,214$92,100,310$53,237,689$442,246,167