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%16.2%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,336,768
2 years$703,148$690,053$677,361$665,056$653,120$618,302
3 years$464,109$450,957$438,298$426,108$414,366$380,602
4 years$344,613$331,501$318,968$306,987$295,529$263,080
5 years$272,934$259,901$247,533$235,795$224,657$193,611
6 years$225,164$212,229$200,043$188,567$177,763$148,153
7 years$191,055$178,229$166,237$155,032$144,569$116,397
8 years$165,486$152,776$140,982$130,052$119,934$93,186
9 years$145,609$133,019$121,428$110,776$101,002$75,656
10 years$129,717$117,249$105,863$95,490$86,059$62,085
11 years$116,722$104,380$93,200$83,105$74,013$51,376
12 years$105,901$93,686$82,713$72,894$64,138$42,798
13 years$96,753$84,665$73,899$64,354$55,930$35,843
14 years$88,917$76,958$66,398$57,127$49,028$30,151
15 years$82,133$70,302$59,949$50,947$43,168$25,453
16 years$76,202$64,501$54,352$45,617$38,152$21,551
17 years$70,975$59,403$49,458$40,987$33,828$18,293
18 years$66,334$54,891$45,149$36,937$30,078$15,559
19 years$62,186$50,873$41,332$33,376$26,810$13,257
20 years$58,457$47,273$37,932$30,229$23,947$11,313
21 years$55,088$44,033$34,890$27,434$21,430$9,665
22 years$52,030$41,103$32,157$24,944$19,209$8,266
23 years$49,241$38,443$29,691$22,717$17,243$7,076
24 years$46,689$36,019$27,459$20,719$15,498$6,062
25 years$44,344$33,802$25,433$18,922$13,946$5,197
26 years$42,184$31,768$23,588$17,301$12,562$4,457
27 years$40,186$29,898$21,903$15,836$11,326$3,825
28 years$38,335$28,172$20,362$14,509$10,219$3,283
29 years$36,615$26,577$18,949$13,305$9,228$2,820
30 years$35,012$25,100$17,650$12,211$8,338$2,422
31 years$33,515$23,727$16,454$11,215$7,538$2,081
32 years$32,115$22,451$15,352$10,307$6,819$1,789
33 years$30,803$21,261$14,334$9,478$6,171$1,538
34 years$29,570$20,151$13,393$8,721$5,587$1,322
35 years$28,410$19,113$12,522$8,028$5,061$1,137
36 years$27,318$18,141$11,714$7,393$4,585$977
37 years$26,286$17,230$10,964$6,812$4,156$841
38 years$25,312$16,374$10,267$6,279$3,768$723
39 years$24,389$15,570$9,619$5,789$3,417$622
40 years$23,515$14,814$9,016$5,340$3,099$535
41 years$22,686$14,102$8,454$4,927$2,811$460
42 years$21,898$13,430$7,930$4,547$2,551$396
43 years$21,149$12,796$7,442$4,197$2,315$341
44 years$20,436$12,197$6,985$3,875$2,102$293
45 years$19,757$11,631$6,559$3,579$1,908$252
46 years$19,109$11,096$6,160$3,306$1,732$217
47 years$18,490$10,589$5,788$3,054$1,573$187
48 years$17,899$10,108$5,439$2,822$1,428$161
49 years$17,334$9,653$5,112$2,608$1,297$138
50 years$16,793$9,221$4,806$2,411$1,178$119

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 $5,216 every year, while hoping to spend $35,945 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: 77/16/7 Blend
64$17,200,000$17,200,000$17,200,000$17,200,000
65$18,959,780$18,048,180$17,781,580$20,403,270
66$20,855,433$18,894,296$18,339,018$22,198,017
67$22,943,237$19,780,667$18,913,925$24,160,069
68$25,242,754$20,709,227$19,506,849$26,310,157
69$27,775,541$21,682,004$20,118,354$28,666,952
70$30,565,350$22,701,126$20,749,022$31,251,008
71$33,638,355$23,768,821$21,399,454$34,084,954
72$37,023,400$24,887,426$22,070,269$37,193,702
73$40,752,268$26,059,391$22,762,104$40,604,678
74$44,859,984$27,287,286$23,475,620$44,348,082
75$49,385,143$28,573,804$24,211,494$48,457,163
76$54,370,276$29,921,768$24,970,427$52,968,537
77$59,862,250$31,334,140$25,753,142$57,922,520
78$65,912,710$32,814,024$26,560,383$63,363,511
79$72,578,570$34,364,674$27,392,919$69,340,406
80$79,922,544$35,989,503$28,251,541$75,907,050
81$88,013,744$37,692,089$29,137,068$83,122,747
82$96,928,327$39,476,184$30,050,342$91,052,811
83$106,750,220$41,345,720$30,992,232$99,769,179
84$117,571,904$43,304,822$31,963,633$109,351,084
85$129,495,295$45,357,815$32,965,472$119,885,798
86$142,632,700$47,509,233$33,998,700$131,469,447
87$157,107,881$49,763,830$35,064,301$144,207,918
88$173,057,219$52,126,592$36,163,289$158,217,846
89$190,631,005$54,602,746$37,296,710$173,627,714
90$209,994,860$57,197,772$38,465,642$190,579,053
91$231,331,292$59,917,419$39,671,197$209,227,775
92$254,841,424$62,767,713$40,914,523$229,745,636
93$280,746,891$65,754,973$42,196,801$252,321,849
94$309,291,933$68,885,825$43,519,253$277,164,860
95$340,745,698$72,167,218$44,883,135$304,504,312
96$375,404,785$75,606,438$46,289,747$334,593,197
97$413,596,045$79,211,125$47,740,425$367,710,239
98$455,679,662$82,989,291$49,236,550$404,162,516
99$502,052,558$86,949,337$50,779,545$444,288,344
100$553,152,137$91,100,073$52,370,877$488,460,462