Can I retire at age 65 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,359,722
2 years$723,589$710,113$697,052$684,389$672,106$620,594
3 years$477,601$464,066$451,039$438,495$426,412$376,709
4 years$354,631$341,138$328,241$315,911$304,120$256,605
5 years$280,868$267,456$254,728$242,650$231,188$185,984
6 years$231,709$218,398$205,858$194,049$182,931$140,071
7 years$196,609$183,410$171,069$159,538$148,772$108,245
8 years$170,296$157,217$145,080$133,833$123,420$85,192
9 years$149,842$136,885$124,958$113,996$103,938$67,955
10 years$133,487$120,658$108,941$98,265$88,560$54,759
11 years$120,115$107,415$95,910$85,520$76,165$44,474
12 years$108,980$96,409$85,118$75,013$66,003$36,343
13 years$99,565$87,126$76,047$66,225$57,556$29,845
14 years$91,502$79,195$68,328$58,787$50,453$24,605
15 years$84,521$72,346$61,691$52,428$44,423$20,350
16 years$78,418$66,376$55,932$46,944$39,261$16,875
17 years$73,038$61,130$50,896$42,178$34,812$14,022
18 years$68,262$56,487$46,462$38,011$30,953$11,673
19 years$63,994$52,351$42,533$34,346$27,589$9,730
20 years$60,157$48,648$39,035$31,107$24,643$8,121
21 years$56,690$45,313$35,905$28,232$22,053$6,785
22 years$53,542$42,298$33,092$25,669$19,767$5,673
23 years$50,673$39,561$30,554$23,377$17,744$4,747
24 years$48,046$37,066$28,258$21,322$15,949$3,974
25 years$45,633$34,784$26,172$19,472$14,351$3,328
26 years$43,410$32,692$24,273$17,804$12,927$2,789
27 years$41,355$30,767$22,540$16,297$11,655$2,338
28 years$39,449$28,991$20,954$14,931$10,517$1,960
29 years$37,679$27,350$19,499$13,692$9,496$1,644
30 years$36,030$25,829$18,163$12,566$8,580$1,379
31 years$34,490$24,417$16,933$11,541$7,757$1,157
32 years$33,049$23,104$15,799$10,606$7,017$970
33 years$31,698$21,879$14,751$9,753$6,351$814
34 years$30,430$20,737$13,783$8,974$5,750$683
35 years$29,236$19,669$12,886$8,261$5,208$573
36 years$28,112$18,668$12,054$7,608$4,718$481
37 years$27,050$17,731$11,283$7,010$4,277$404
38 years$26,047$16,850$10,566$6,461$3,877$339
39 years$25,098$16,023$9,899$5,958$3,516$285
40 years$24,199$15,245$9,278$5,495$3,189$239
41 years$23,345$14,511$8,700$5,070$2,893$201
42 years$22,535$13,820$8,161$4,679$2,625$168
43 years$21,764$13,168$7,658$4,319$2,383$141
44 years$21,030$12,552$7,188$3,988$2,163$119
45 years$20,331$11,969$6,750$3,683$1,963$100
46 years$19,664$11,418$6,339$3,402$1,783$84
47 years$19,028$10,896$5,956$3,143$1,619$70
48 years$18,419$10,402$5,597$2,904$1,470$59
49 years$17,838$9,933$5,261$2,684$1,335$50
50 years$17,281$9,489$4,946$2,481$1,213$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,700,000, adding $3,977 every year, while hoping to spend $31,974 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: 51/23/26 Blend
64$17,700,000$17,700,000$17,700,000$17,700,000
65$19,509,502$18,571,402$18,297,052$20,361,758
66$21,465,451$19,447,381$18,875,983$21,830,698
67$23,619,836$20,365,211$19,473,237$23,423,515
68$25,992,862$21,326,909$20,089,393$25,154,879
69$28,606,796$22,334,590$20,725,051$27,037,975
70$31,486,176$23,390,472$21,380,827$29,087,295
71$34,658,040$24,496,878$22,057,358$31,318,766
72$38,152,182$25,656,247$22,755,301$33,749,899
73$42,001,435$26,871,135$23,475,335$36,399,946
74$46,241,982$28,144,220$24,218,158$39,290,075
75$50,913,690$29,478,313$24,984,493$42,443,566
76$56,060,496$30,876,360$25,775,083$45,886,022
77$61,730,815$32,341,450$26,590,697$49,645,606
78$67,977,999$33,876,822$27,432,126$53,753,296
79$74,860,841$35,485,872$28,300,189$58,243,176
80$82,444,129$37,172,163$29,195,727$63,152,742
81$90,799,259$38,939,427$30,119,612$68,523,256
82$100,004,905$40,791,580$31,072,741$74,400,121
83$110,147,767$42,732,729$32,056,039$80,833,302
84$121,323,385$44,767,179$33,070,463$87,877,791
85$133,637,043$46,899,444$34,116,996$95,594,113
86$147,204,763$49,134,258$35,196,657$104,048,891
87$162,154,397$51,476,585$36,310,494$113,315,461
88$178,626,839$53,931,631$37,459,588$123,474,553
89$196,777,350$56,504,854$38,645,058$134,615,044
90$216,777,025$59,201,978$39,868,053$146,834,786
91$238,814,412$62,029,006$41,129,763$160,241,512
92$263,097,286$64,992,230$42,431,414$174,953,843
93$289,854,612$68,098,253$43,774,270$191,102,398
94$319,338,710$71,353,995$45,159,635$208,831,003
95$351,827,632$74,766,714$46,588,856$228,298,044
96$387,627,790$78,344,022$48,063,322$249,677,939
97$427,076,847$82,093,902$49,584,466$273,162,773
98$470,546,905$86,024,722$51,153,765$298,964,092
99$518,448,017$90,145,262$52,772,744$327,314,883
100$571,232,061$94,464,726$54,442,978$358,471,751