Can I retire at age 65 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,341,283
2 years$707,237$694,065$681,300$668,923$656,917$618,673
3 years$466,808$453,579$440,846$428,585$416,775$379,727
4 years$346,617$333,429$320,823$308,772$297,248$261,681
5 years$274,521$261,412$248,972$237,166$225,963$191,975
6 years$226,473$213,463$201,206$189,664$178,797$146,420
7 years$192,166$179,266$167,203$155,933$145,410$114,645
8 years$166,448$153,664$141,802$130,808$120,631$91,461
9 years$146,455$133,792$122,134$111,420$101,589$73,987
10 years$130,471$117,931$106,479$96,045$86,559$60,488
11 years$117,401$104,987$93,742$83,588$74,444$49,862
12 years$106,517$94,231$83,194$73,318$64,511$41,374
13 years$97,315$85,157$74,328$64,729$56,255$34,511
14 years$89,434$77,405$66,784$57,459$49,313$28,910
15 years$82,611$70,711$60,297$51,243$43,419$24,304
16 years$76,646$64,876$54,668$45,883$38,374$20,490
17 years$71,388$59,749$49,746$41,225$34,025$17,316
18 years$66,719$55,210$45,412$37,152$30,253$14,664
19 years$62,547$51,168$41,572$33,570$26,965$12,438
20 years$58,797$47,548$38,153$30,404$24,086$10,565
21 years$55,409$44,289$35,093$27,594$21,554$8,985
22 years$52,332$41,342$32,344$25,089$19,320$7,649
23 years$49,527$38,667$29,864$22,849$17,343$6,517
24 years$46,960$36,228$27,619$20,840$15,588$5,556
25 years$44,602$33,998$25,581$19,032$14,027$4,740
26 years$42,429$31,953$23,725$17,402$12,635$4,046
27 years$40,420$30,071$22,031$15,928$11,392$3,455
28 years$38,558$28,336$20,480$14,594$10,279$2,952
29 years$36,827$26,732$19,059$13,383$9,282$2,522
30 years$35,215$25,246$17,752$12,282$8,386$2,156
31 years$33,710$23,865$16,550$11,280$7,582$1,843
32 years$32,302$22,581$15,442$10,367$6,859$1,576
33 years$30,982$21,385$14,418$9,533$6,207$1,348
34 years$29,742$20,268$13,471$8,771$5,620$1,153
35 years$28,576$19,224$12,595$8,074$5,090$987
36 years$27,476$18,246$11,782$7,436$4,612$844
37 years$26,439$17,330$11,028$6,852$4,180$722
38 years$25,459$16,470$10,327$6,315$3,789$618
39 years$24,531$15,661$9,675$5,823$3,436$529
40 years$23,652$14,900$9,069$5,371$3,117$453
41 years$22,818$14,184$8,503$4,955$2,828$388
42 years$22,025$13,508$7,977$4,573$2,566$332
43 years$21,272$12,870$7,485$4,222$2,329$284
44 years$20,555$12,268$7,026$3,898$2,114$243
45 years$19,872$11,699$6,597$3,600$1,919$208
46 years$19,220$11,160$6,196$3,325$1,742$178
47 years$18,598$10,650$5,821$3,072$1,582$153
48 years$18,003$10,167$5,470$2,839$1,437$131
49 years$17,435$9,709$5,142$2,624$1,305$112
50 years$16,891$9,274$4,834$2,425$1,185$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,300,000, adding $4,520 every year, while hoping to spend $42,995 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: 39/37/24 Blend
64$17,300,000$17,300,000$17,300,000$17,300,000
65$19,069,262$18,152,362$17,884,212$19,676,757
66$20,968,581$18,996,082$18,437,587$20,961,102
67$23,060,189$19,879,702$19,008,059$22,344,588
68$25,363,654$20,805,134$19,596,155$23,839,728
69$27,900,540$21,774,379$20,202,419$25,456,703
70$30,694,606$22,789,535$20,827,412$27,206,677
71$33,772,037$23,852,802$21,471,710$29,101,900
72$37,161,682$24,966,487$22,135,910$31,155,815
73$40,895,335$26,133,006$22,820,625$33,383,177
74$45,008,030$27,354,895$23,526,487$35,800,183
75$49,538,374$28,634,809$24,254,149$38,424,618
76$54,528,908$29,975,535$25,004,282$41,276,014
77$60,026,511$31,379,990$25,777,580$44,375,824
78$66,082,842$32,851,237$26,574,757$47,747,615
79$72,754,829$34,392,485$27,396,548$51,417,281
80$80,105,202$36,007,097$28,243,713$55,413,276
81$88,203,089$37,698,601$29,117,033$59,766,874
82$97,124,665$39,470,693$30,017,315$64,512,449
83$106,953,875$41,327,252$30,945,389$69,687,788
84$117,783,223$43,272,340$31,902,113$75,334,440
85$129,714,647$45,310,219$32,888,368$81,498,086
86$142,860,478$47,445,357$33,905,065$88,228,965
87$157,344,504$49,682,437$34,953,143$95,582,329
88$173,303,137$52,026,370$36,033,566$103,618,952
89$190,886,699$54,482,304$37,147,333$112,405,684
90$210,260,844$57,055,639$38,295,471$122,016,070
91$231,608,119$59,752,034$39,479,038$132,531,026
92$255,129,686$62,577,423$40,699,125$144,039,580
93$281,047,226$65,538,029$41,956,858$156,639,701
94$309,605,026$68,640,375$43,253,395$170,439,199
95$341,072,288$71,891,302$44,589,933$185,556,722
96$375,745,668$75,297,983$45,967,702$202,122,858
97$413,952,079$78,867,936$47,387,973$220,281,340
98$456,051,775$82,609,049$48,852,054$240,190,385
99$502,441,752$86,529,589$50,361,294$262,024,157
100$553,559,497$90,638,225$51,917,084$285,974,388