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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.9%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,330,050
2 years$707,237$694,065$681,300$668,923$656,917$607,606
3 years$466,808$453,579$440,846$428,585$416,775$369,179
4 years$346,617$333,429$320,823$308,772$297,248$251,730
5 years$274,521$261,412$248,972$237,166$225,963$182,643
6 years$226,473$213,463$201,206$189,664$178,797$137,707
7 years$192,166$179,266$167,203$155,933$145,410$106,540
8 years$166,448$153,664$141,802$130,808$120,631$83,949
9 years$146,455$133,792$122,134$111,420$101,589$67,046
10 years$130,471$117,931$106,479$96,045$86,559$54,095
11 years$117,401$104,987$93,742$83,588$74,444$43,991
12 years$106,517$94,231$83,194$73,318$64,511$35,997
13 years$97,315$85,157$74,328$64,729$56,255$29,601
14 years$89,434$77,405$66,784$57,459$49,313$24,439
15 years$82,611$70,711$60,297$51,243$43,419$20,241
16 years$76,646$64,876$54,668$45,883$38,374$16,809
17 years$71,388$59,749$49,746$41,225$34,025$13,988
18 years$66,719$55,210$45,412$37,152$30,253$11,661
19 years$62,547$51,168$41,572$33,570$26,965$9,736
20 years$58,797$47,548$38,153$30,404$24,086$8,138
21 years$55,409$44,289$35,093$27,594$21,554$6,810
22 years$52,332$41,342$32,344$25,089$19,320$5,703
23 years$49,527$38,667$29,864$22,849$17,343$4,779
24 years$46,960$36,228$27,619$20,840$15,588$4,007
25 years$44,602$33,998$25,581$19,032$14,027$3,362
26 years$42,429$31,953$23,725$17,402$12,635$2,821
27 years$40,420$30,071$22,031$15,928$11,392$2,369
28 years$38,558$28,336$20,480$14,594$10,279$1,989
29 years$36,827$26,732$19,059$13,383$9,282$1,671
30 years$35,215$25,246$17,752$12,282$8,386$1,404
31 years$33,710$23,865$16,550$11,280$7,582$1,180
32 years$32,302$22,581$15,442$10,367$6,859$991
33 years$30,982$21,385$14,418$9,533$6,207$833
34 years$29,742$20,268$13,471$8,771$5,620$700
35 years$28,576$19,224$12,595$8,074$5,090$589
36 years$27,476$18,246$11,782$7,436$4,612$495
37 years$26,439$17,330$11,028$6,852$4,180$416
38 years$25,459$16,470$10,327$6,315$3,789$350
39 years$24,531$15,661$9,675$5,823$3,436$294
40 years$23,652$14,900$9,069$5,371$3,117$247
41 years$22,818$14,184$8,503$4,955$2,828$208
42 years$22,025$13,508$7,977$4,573$2,566$175
43 years$21,272$12,870$7,485$4,222$2,329$147
44 years$20,555$12,268$7,026$3,898$2,114$124
45 years$19,872$11,699$6,597$3,600$1,919$104
46 years$19,220$11,160$6,196$3,325$1,742$88
47 years$18,598$10,650$5,821$3,072$1,582$74
48 years$18,003$10,167$5,470$2,839$1,437$62
49 years$17,435$9,709$5,142$2,624$1,305$52
50 years$16,891$9,274$4,834$2,425$1,185$44

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 $6,938 every year, while hoping to spend $29,868 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: 75/8/17 Blend
64$17,300,000$17,300,000$17,300,000$17,300,000
65$19,071,757$18,154,857$17,886,707$20,428,351
66$20,985,296$19,012,665$18,454,132$22,184,926
67$23,093,016$19,911,505$19,039,565$24,105,331
68$25,414,691$20,853,356$19,643,577$26,209,446
69$27,972,111$21,840,293$20,266,759$28,515,559
70$30,789,290$22,874,490$20,909,719$31,043,807
71$33,892,688$23,958,230$21,573,085$33,816,360
72$37,311,463$25,093,905$22,257,504$36,857,633
73$41,077,747$26,284,021$22,963,646$40,194,511
74$45,226,949$27,531,210$23,692,199$43,856,601
75$49,798,086$28,838,228$24,443,876$47,876,507
76$54,834,156$30,207,966$25,219,411$52,290,139
77$60,382,540$31,643,456$26,019,562$57,137,045
78$66,495,452$33,147,878$26,845,109$62,460,783
79$73,230,427$34,724,564$27,696,860$68,309,329
80$80,650,873$36,377,009$28,575,646$74,735,528
81$88,826,658$38,108,878$29,482,327$81,797,585
82$97,834,779$39,924,016$30,417,787$89,559,616
83$107,760,084$41,826,450$31,382,941$98,092,248
84$118,696,075$43,820,408$32,378,731$107,473,279
85$130,745,787$45,910,321$33,406,131$117,788,411
86$144,022,765$48,100,834$34,466,145$129,132,056
87$158,652,134$50,396,822$35,559,807$141,608,219
88$174,771,778$52,803,393$36,688,187$155,331,481
89$192,533,645$55,325,905$37,852,387$170,428,068
90$212,105,180$57,969,977$39,053,545$187,037,045
91$233,670,905$60,741,502$40,292,835$205,311,621
92$257,434,159$63,646,658$41,571,467$225,420,588
93$283,619,023$66,691,924$42,890,691$247,549,912
94$312,472,431$69,884,096$44,251,797$271,904,479
95$344,266,501$73,230,298$45,656,114$298,710,028
96$379,301,105$76,738,004$47,105,015$328,215,271
97$417,906,700$80,415,049$48,599,915$360,694,239
98$460,447,448$84,269,651$50,142,277$396,448,856
99$507,324,652$88,310,428$51,733,607$435,811,788
100$558,980,545$92,546,417$53,375,461$479,149,573