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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,311,030
2 years$699,060$686,041$673,423$661,189$649,323$597,008
3 years$461,411$448,335$435,749$423,630$411,957$361,522
4 years$342,609$329,574$317,114$305,202$293,811$245,640
5 years$271,347$258,390$246,093$234,424$223,351$177,567
6 years$223,855$210,995$198,880$187,471$176,730$133,365
7 years$189,945$177,193$165,270$154,130$143,729$102,768
8 years$164,524$151,887$140,162$129,296$119,237$80,641
9 years$144,762$132,245$120,722$110,132$100,415$64,128
10 years$128,962$116,568$105,248$94,934$85,558$51,512
11 years$116,044$103,773$92,659$82,621$73,583$41,700
12 years$105,286$93,141$82,232$72,470$63,765$33,963
13 years$96,190$84,173$73,469$63,980$55,605$27,795
14 years$88,400$76,511$66,012$56,794$48,743$22,835
15 years$81,655$69,894$59,600$50,651$42,917$18,819
16 years$75,759$64,126$54,036$45,352$37,930$15,548
17 years$70,563$59,058$49,171$40,749$33,631$12,873
18 years$65,948$54,572$44,887$36,723$29,904$10,675
19 years$61,824$50,577$41,092$33,182$26,654$8,866
20 years$58,117$46,998$37,712$30,053$23,808$7,371
21 years$54,768$43,777$34,688$27,275$21,305$6,134
22 years$51,727$40,864$31,970$24,799$19,097$5,109
23 years$48,955$38,220$29,519$22,585$17,143$4,258
24 years$46,417$35,809$27,300$20,599$15,408$3,550
25 years$44,086$33,605$25,285$18,812$13,865$2,962
26 years$41,938$31,584$23,451$17,201$12,489$2,472
27 years$39,953$29,724$21,776$15,744$11,260$2,063
28 years$38,112$28,009$20,244$14,425$10,160$1,723
29 years$36,402$26,423$18,838$13,228$9,174$1,439
30 years$34,808$24,954$17,547$12,140$8,290$1,202
31 years$33,320$23,589$16,359$11,150$7,495$1,004
32 years$31,928$22,320$15,263$10,247$6,779$839
33 years$30,624$21,138$14,251$9,423$6,135$701
34 years$29,398$20,034$13,315$8,670$5,555$586
35 years$28,245$19,002$12,449$7,981$5,031$490
36 years$27,159$18,035$11,646$7,350$4,559$409
37 years$26,133$17,130$10,900$6,772$4,132$342
38 years$25,164$16,279$10,208$6,242$3,746$286
39 years$24,247$15,480$9,563$5,756$3,397$239
40 years$23,378$14,728$8,964$5,309$3,081$200
41 years$22,554$14,020$8,405$4,898$2,795$167
42 years$21,771$13,352$7,884$4,520$2,536$140
43 years$21,026$12,722$7,398$4,173$2,302$117
44 years$20,317$12,126$6,945$3,853$2,089$98
45 years$19,642$11,564$6,521$3,558$1,897$82
46 years$18,998$11,031$6,125$3,287$1,722$68
47 years$18,383$10,527$5,754$3,037$1,564$57
48 years$17,795$10,049$5,407$2,806$1,420$48
49 years$17,233$9,597$5,082$2,593$1,290$40
50 years$16,696$9,167$4,778$2,397$1,172$33

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 $4,763 every year, while hoping to spend $53,295 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: 65/6/29 Blend
64$17,100,000$17,100,000$17,100,000$17,100,000
65$18,849,113$17,942,813$17,677,763$19,928,843
66$20,715,017$18,765,305$18,213,263$21,482,520
67$22,769,457$19,626,314$18,764,915$23,173,787
68$25,031,608$20,527,669$19,333,206$25,021,367
69$27,522,597$21,471,290$19,918,633$27,040,666
70$30,265,707$22,459,188$20,521,713$29,248,641
71$33,286,591$23,493,471$21,142,973$31,663,959
72$36,613,521$24,576,348$21,782,959$34,307,173
73$40,277,645$25,710,134$22,442,234$37,200,910
74$44,313,291$26,897,257$23,121,375$40,370,085
75$48,758,284$28,140,259$23,820,977$43,842,129
76$53,654,304$29,441,808$24,541,656$47,647,253
77$59,047,283$30,804,696$25,284,041$51,818,720
78$64,987,833$32,231,853$26,048,784$56,393,165
79$71,531,728$33,726,350$26,836,553$61,410,931
80$78,740,426$35,291,404$27,648,040$66,916,452
81$86,681,655$36,930,387$28,483,955$72,958,666
82$95,430,044$38,646,837$29,345,028$79,591,472
83$105,067,836$40,444,459$30,232,013$86,874,238
84$115,685,656$42,327,138$31,145,687$94,872,359
85$127,383,371$44,298,947$32,086,846$103,657,865
86$140,271,034$46,364,154$33,056,314$113,310,100
87$154,469,917$48,527,235$34,054,938$123,916,469
88$170,113,661$50,792,882$35,083,590$135,573,255
89$187,349,532$53,166,010$36,143,168$148,386,525
90$206,339,816$55,651,777$37,234,597$162,473,125
91$227,263,350$58,255,587$38,358,828$177,961,782
92$250,317,205$60,983,104$39,516,843$194,994,309
93$275,718,553$63,840,269$40,709,650$213,726,943
94$303,706,712$66,833,309$41,938,290$234,331,810
95$334,545,406$69,968,751$43,203,832$256,998,550
96$368,525,257$73,253,438$44,507,379$281,936,094
97$405,966,523$76,694,547$45,850,066$309,374,637
98$447,222,126$80,299,597$47,233,061$339,567,801
99$492,680,982$84,076,477$48,657,568$372,795,023
100$542,771,670$88,033,452$50,124,825$409,364,186