Can I retire at age 65 with 17,600,000?

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 $17,600,000?

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$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,353,115
2 years$719,501$706,101$693,114$680,522$668,309$618,143
3 years$474,902$461,445$448,491$436,017$424,003$375,581
4 years$352,627$339,211$326,386$314,126$302,402$256,095
5 years$279,281$265,945$253,289$241,279$229,881$185,810
6 years$230,400$217,164$204,695$192,953$181,897$140,095
7 years$195,499$182,374$170,103$158,637$147,931$108,387
8 years$169,334$156,328$144,261$133,077$122,723$85,405
9 years$148,995$136,112$124,252$113,352$103,351$68,208
10 years$132,733$119,976$108,325$97,710$88,060$55,033
11 years$119,437$106,808$95,368$85,037$75,735$44,754
12 years$108,364$95,865$84,637$74,589$65,630$36,621
13 years$99,003$86,634$75,617$65,851$57,231$30,115
14 years$90,985$78,748$67,942$58,455$50,168$24,862
15 years$84,043$71,937$61,343$52,132$44,172$20,592
16 years$77,975$66,001$55,616$46,678$39,039$17,100
17 years$72,626$60,785$50,609$41,940$34,615$14,231
18 years$67,876$56,168$46,199$37,796$30,778$11,864
19 years$63,632$52,056$42,293$34,152$27,433$9,905
20 years$59,817$48,373$38,815$30,932$24,504$8,279
21 years$56,369$45,057$35,702$28,072$21,928$6,928
22 years$53,240$42,059$32,905$25,524$19,655$5,801
23 years$50,386$39,337$30,382$23,245$17,644$4,862
24 years$47,775$36,856$28,098$21,201$15,859$4,077
25 years$45,376$34,588$26,024$19,362$14,270$3,420
26 years$43,165$32,507$24,136$17,704$12,854$2,870
27 years$41,121$30,593$22,413$16,205$11,589$2,410
28 years$39,227$28,828$20,835$14,847$10,457$2,024
29 years$37,466$27,196$19,389$13,615$9,443$1,700
30 years$35,826$25,683$18,060$12,495$8,532$1,428
31 years$34,295$24,279$16,837$11,476$7,714$1,200
32 years$32,862$22,973$15,709$10,547$6,978$1,009
33 years$31,519$21,756$14,668$9,698$6,315$848
34 years$30,258$20,620$13,705$8,923$5,717$713
35 years$29,071$19,557$12,813$8,214$5,178$599
36 years$27,953$18,563$11,986$7,565$4,692$504
37 years$26,898$17,630$11,219$6,970$4,252$423
38 years$25,900$16,755$10,506$6,425$3,855$356
39 years$24,956$15,933$9,843$5,924$3,496$299
40 years$24,062$15,159$9,226$5,464$3,171$252
41 years$23,213$14,429$8,651$5,041$2,877$212
42 years$22,407$13,742$8,115$4,652$2,610$178
43 years$21,641$13,093$7,615$4,295$2,369$150
44 years$20,911$12,481$7,148$3,966$2,150$126
45 years$20,216$11,902$6,711$3,662$1,952$106
46 years$19,553$11,354$6,304$3,383$1,772$89
47 years$18,920$10,835$5,922$3,125$1,610$75
48 years$18,315$10,343$5,565$2,888$1,462$63
49 years$17,737$9,877$5,231$2,669$1,328$53
50 years$17,184$9,435$4,918$2,467$1,206$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,600,000, adding $4,068 every year, while hoping to spend $40,664 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: 59/30/11 Blend
64$17,600,000$17,600,000$17,600,000$17,600,000
65$19,399,396$18,466,596$18,193,796$20,492,569
66$21,334,868$19,328,193$18,760,022$22,090,219
67$23,466,396$20,230,646$19,343,854$23,826,578
68$25,813,933$21,175,912$19,945,838$25,718,922
69$28,399,470$22,166,047$20,566,539$27,782,260
70$31,247,235$23,203,203$21,206,537$30,033,088
71$34,383,929$24,289,636$21,866,432$32,489,546
72$37,838,975$25,427,713$22,546,843$35,171,578
73$41,644,793$26,619,914$23,248,405$38,101,117
74$45,837,112$27,868,840$23,971,776$41,302,285
75$50,455,301$29,177,216$24,717,634$44,801,615
76$55,542,743$30,547,901$25,486,676$48,628,293
77$61,147,246$31,983,891$26,279,623$52,814,427
78$67,321,491$33,488,328$27,097,217$57,395,343
79$74,123,532$35,064,505$27,940,222$62,409,909
80$81,617,341$36,715,875$28,809,429$67,900,896
81$89,873,415$38,446,058$29,705,650$73,915,371
82$98,969,438$40,258,849$30,629,724$80,505,132
83$108,991,017$42,158,229$31,582,516$87,727,192
84$120,032,488$44,148,370$32,564,917$95,644,298
85$132,197,807$46,233,646$33,577,848$104,325,524
86$145,601,532$48,418,643$34,622,254$113,846,903
87$160,369,903$50,708,171$35,699,114$124,292,139
88$176,642,034$53,107,272$36,809,435$135,753,382
89$194,571,225$55,621,232$37,954,255$148,332,087
90$214,326,413$58,255,595$39,134,645$162,139,960
91$236,093,761$61,016,173$40,351,710$177,299,996
92$260,078,419$63,909,060$41,606,586$193,947,626
93$286,506,459$66,940,646$42,900,449$212,231,982
94$315,627,012$70,117,631$44,234,507$232,317,289
95$347,714,612$73,447,040$45,610,009$254,384,400
96$383,071,798$76,936,240$47,028,239$278,632,481
97$422,031,961$80,592,955$48,490,525$305,280,879
98$464,962,496$84,425,285$49,998,232$334,571,172
99$512,268,268$88,441,722$51,552,771$366,769,429
100$564,395,437$92,651,172$53,155,594$402,168,700