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%19.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,310,511
2 years$699,060$686,041$673,423$661,189$649,323$596,500
3 years$461,411$448,335$435,749$423,630$411,957$361,041
4 years$342,609$329,574$317,114$305,202$293,811$245,190
5 years$271,347$258,390$246,093$234,424$223,351$177,148
6 years$223,855$210,995$198,880$187,471$176,730$132,977
7 years$189,945$177,193$165,270$154,130$143,729$102,410
8 years$164,524$151,887$140,162$129,296$119,237$80,313
9 years$144,762$132,245$120,722$110,132$100,415$63,827
10 years$128,962$116,568$105,248$94,934$85,558$51,238
11 years$116,044$103,773$92,659$82,621$73,583$41,451
12 years$105,286$93,141$82,232$72,470$63,765$33,738
13 years$96,190$84,173$73,469$63,980$55,605$27,592
14 years$88,400$76,511$66,012$56,794$48,743$22,652
15 years$81,655$69,894$59,600$50,651$42,917$18,655
16 years$75,759$64,126$54,036$45,352$37,930$15,402
17 years$70,563$59,058$49,171$40,749$33,631$12,742
18 years$65,948$54,572$44,887$36,723$29,904$10,559
19 years$61,824$50,577$41,092$33,182$26,654$8,762
20 years$58,117$46,998$37,712$30,053$23,808$7,279
21 years$54,768$43,777$34,688$27,275$21,305$6,053
22 years$51,727$40,864$31,970$24,799$19,097$5,038
23 years$48,955$38,220$29,519$22,585$17,143$4,195
24 years$46,417$35,809$27,300$20,599$15,408$3,495
25 years$44,086$33,605$25,285$18,812$13,865$2,914
26 years$41,938$31,584$23,451$17,201$12,489$2,430
27 years$39,953$29,724$21,776$15,744$11,260$2,027
28 years$38,112$28,009$20,244$14,425$10,160$1,691
29 years$36,402$26,423$18,838$13,228$9,174$1,411
30 years$34,808$24,954$17,547$12,140$8,290$1,178
31 years$33,320$23,589$16,359$11,150$7,495$983
32 years$31,928$22,320$15,263$10,247$6,779$821
33 years$30,624$21,138$14,251$9,423$6,135$685
34 years$29,398$20,034$13,315$8,670$5,555$572
35 years$28,245$19,002$12,449$7,981$5,031$478
36 years$27,159$18,035$11,646$7,350$4,559$399
37 years$26,133$17,130$10,900$6,772$4,132$333
38 years$25,164$16,279$10,208$6,242$3,746$278
39 years$24,247$15,480$9,563$5,756$3,397$233
40 years$23,378$14,728$8,964$5,309$3,081$194
41 years$22,554$14,020$8,405$4,898$2,795$162
42 years$21,771$13,352$7,884$4,520$2,536$136
43 years$21,026$12,722$7,398$4,173$2,302$113
44 years$20,317$12,126$6,945$3,853$2,089$95
45 years$19,642$11,564$6,521$3,558$1,897$79
46 years$18,998$11,031$6,125$3,287$1,722$66
47 years$18,383$10,527$5,754$3,037$1,564$55
48 years$17,795$10,049$5,407$2,806$1,420$46
49 years$17,233$9,597$5,082$2,593$1,290$38
50 years$16,696$9,167$4,778$2,397$1,172$32

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 $3,467 every year, while hoping to spend $54,268 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: 43/38/19 Blend
64$17,100,000$17,100,000$17,100,000$17,100,000
65$18,847,776$17,941,476$17,676,426$19,553,824
66$20,712,509$18,762,868$18,210,846$20,874,032
67$22,765,625$19,622,689$18,761,350$22,297,888
68$25,026,283$20,522,765$19,328,419$23,839,394
69$27,515,593$21,465,009$19,912,550$25,509,412
70$30,256,816$22,451,428$20,514,253$27,319,865
71$33,275,585$23,484,122$21,134,055$29,283,840
72$36,600,145$24,565,293$21,772,496$31,415,706
73$40,261,619$25,697,252$22,430,133$33,731,241
74$44,294,303$26,882,416$23,107,542$36,247,775
75$48,735,991$28,123,323$23,805,313$38,984,341
76$53,628,325$29,422,630$24,524,055$41,961,853
77$59,017,198$30,783,122$25,264,394$45,203,292
78$64,953,178$32,207,720$26,026,976$48,733,909
79$71,491,988$33,699,485$26,812,467$52,581,461
80$78,695,035$35,261,624$27,621,549$56,776,460
81$86,629,985$36,897,500$28,454,927$61,352,448
82$95,371,404$38,610,638$29,313,327$66,346,307
83$105,001,460$40,404,732$30,197,497$71,798,593
84$115,610,701$42,283,656$31,108,204$77,753,907
85$127,298,905$44,251,467$32,046,242$84,261,305
86$140,176,027$46,312,423$33,012,425$91,374,747
87$154,363,234$48,470,984$34,007,593$99,153,591
88$169,994,047$50,731,825$35,032,611$107,663,143
89$187,215,605$53,099,850$36,088,368$116,975,253
90$206,190,049$55,580,196$37,175,781$127,168,985
91$227,096,059$58,178,250$38,295,795$138,331,337
92$250,130,532$60,899,659$39,449,379$150,558,056
93$275,510,447$63,750,343$40,637,534$163,954,516
94$303,474,912$66,736,509$41,861,291$178,636,695
95$334,287,418$69,864,663$43,121,709$194,732,254
96$368,238,329$73,141,626$44,419,880$212,381,718
97$405,647,620$76,574,547$45,756,928$231,739,783
98$446,867,902$80,170,925$47,134,010$252,976,753
99$492,287,747$83,938,619$48,552,318$276,280,122
100$542,335,353$87,885,868$50,013,077$301,856,324