Can I retire at age 65 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,353,292
2 years$703,148$690,053$677,361$665,056$653,120$634,752
3 years$464,109$450,957$438,298$426,108$414,366$396,462
4 years$344,613$331,501$318,968$306,987$295,529$278,226
5 years$272,934$259,901$247,533$235,795$224,657$208,005
6 years$225,164$212,229$200,043$188,567$177,763$161,783
7 years$191,055$178,229$166,237$155,032$144,569$129,267
8 years$165,486$152,776$140,982$130,052$119,934$105,307
9 years$145,609$133,019$121,428$110,776$101,002$87,044
10 years$129,717$117,249$105,863$95,490$86,059$72,760
11 years$116,722$104,380$93,200$83,105$74,013$61,361
12 years$105,901$93,686$82,713$72,894$64,138$52,118
13 years$96,753$84,665$73,899$64,354$55,930$44,526
14 years$88,917$76,958$66,398$57,127$49,028$38,223
15 years$82,133$70,302$59,949$50,947$43,168$32,944
16 years$76,202$64,501$54,352$45,617$38,152$28,490
17 years$70,975$59,403$49,458$40,987$33,828$24,708
18 years$66,334$54,891$45,149$36,937$30,078$21,480
19 years$62,186$50,873$41,332$33,376$26,810$18,713
20 years$58,457$47,273$37,932$30,229$23,947$16,332
21 years$55,088$44,033$34,890$27,434$21,430$14,275
22 years$52,030$41,103$32,157$24,944$19,209$12,494
23 years$49,241$38,443$29,691$22,717$17,243$10,948
24 years$46,689$36,019$27,459$20,719$15,498$9,603
25 years$44,344$33,802$25,433$18,922$13,946$8,430
26 years$42,184$31,768$23,588$17,301$12,562$7,406
27 years$40,186$29,898$21,903$15,836$11,326$6,511
28 years$38,335$28,172$20,362$14,509$10,219$5,728
29 years$36,615$26,577$18,949$13,305$9,228$5,041
30 years$35,012$25,100$17,650$12,211$8,338$4,438
31 years$33,515$23,727$16,454$11,215$7,538$3,910
32 years$32,115$22,451$15,352$10,307$6,819$3,445
33 years$30,803$21,261$14,334$9,478$6,171$3,036
34 years$29,570$20,151$13,393$8,721$5,587$2,677
35 years$28,410$19,113$12,522$8,028$5,061$2,361
36 years$27,318$18,141$11,714$7,393$4,585$2,082
37 years$26,286$17,230$10,964$6,812$4,156$1,837
38 years$25,312$16,374$10,267$6,279$3,768$1,621
39 years$24,389$15,570$9,619$5,789$3,417$1,430
40 years$23,515$14,814$9,016$5,340$3,099$1,262
41 years$22,686$14,102$8,454$4,927$2,811$1,114
42 years$21,898$13,430$7,930$4,547$2,551$984
43 years$21,149$12,796$7,442$4,197$2,315$868
44 years$20,436$12,197$6,985$3,875$2,102$767
45 years$19,757$11,631$6,559$3,579$1,908$677
46 years$19,109$11,096$6,160$3,306$1,732$598
47 years$18,490$10,589$5,788$3,054$1,573$528
48 years$17,899$10,108$5,439$2,822$1,428$466
49 years$17,334$9,653$5,112$2,608$1,297$412
50 years$16,793$9,221$4,806$2,411$1,178$364

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,200,000, adding $5,914 every year, while hoping to spend $31,544 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: 23/48/29 Blend
64$17,200,000$17,200,000$17,200,000$17,200,000
65$18,960,500$18,048,900$17,782,300$19,222,987
66$20,860,909$18,899,734$18,344,445$20,303,808
67$22,954,102$19,791,201$18,924,364$21,457,091
68$25,259,710$20,725,260$19,522,620$22,691,155
69$27,799,365$21,703,962$20,139,792$24,012,692
70$30,596,905$22,729,461$20,776,480$25,429,006
71$33,678,597$23,804,012$21,433,300$26,948,077
72$37,073,386$24,929,982$22,110,888$28,578,622
73$40,813,172$26,109,850$22,809,903$30,330,172
74$44,933,101$27,346,219$23,531,020$32,213,150
75$49,471,909$28,641,815$24,274,941$34,238,956
76$54,472,277$29,999,497$25,042,385$36,420,063
77$59,981,241$31,422,265$25,834,097$38,770,127
78$66,050,632$32,913,260$26,650,844$41,304,096
79$72,737,568$34,475,781$27,493,418$44,038,347
80$80,104,988$36,113,283$28,362,636$46,990,815
81$88,222,254$37,829,391$29,259,341$50,181,160
82$97,165,797$39,627,904$30,184,402$53,630,928
83$107,019,845$41,512,808$31,138,716$57,363,743
84$117,877,214$43,488,281$32,123,209$61,405,511
85$129,840,188$45,558,705$33,138,834$65,784,649
86$143,021,479$47,728,673$34,186,577$70,532,334
87$157,545,296$50,003,004$35,267,454$75,682,778
88$173,548,515$52,386,750$36,382,512$81,273,532
89$191,181,970$54,885,208$37,532,833$87,345,818
90$210,611,880$57,503,932$38,719,532$93,944,897
91$232,021,416$60,248,748$39,943,760$101,120,474
92$255,612,429$63,125,765$41,206,704$108,927,141
93$281,607,357$66,141,388$42,509,589$117,424,870
94$310,251,325$69,302,334$43,853,678$126,679,551
95$341,814,458$72,615,646$45,240,274$136,763,589
96$376,594,432$76,088,712$46,670,723$147,756,554
97$414,919,283$79,729,278$48,146,411$159,745,906
98$457,150,504$83,545,466$49,668,769$172,827,789
99$503,686,457$87,545,796$51,239,275$187,107,903
100$554,966,135$91,739,199$52,859,450$202,702,470