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%13.1%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,393,208
2 years$723,589$710,113$697,052$684,389$672,106$653,781
3 years$477,601$464,066$451,039$438,495$426,412$408,546
4 years$354,631$341,138$328,241$315,911$304,120$286,852
5 years$280,868$267,456$254,728$242,650$231,188$214,566
6 years$231,709$218,398$205,858$194,049$182,931$166,976
7 years$196,609$183,410$171,069$159,538$148,772$133,490
8 years$170,296$157,217$145,080$133,833$123,420$108,810
9 years$149,842$136,885$124,958$113,996$103,938$89,993
10 years$133,487$120,658$108,941$98,265$88,560$75,270
11 years$120,115$107,415$95,910$85,520$76,165$63,518
12 years$108,980$96,409$85,118$75,013$66,003$53,985
13 years$99,565$87,126$76,047$66,225$57,556$46,151
14 years$91,502$79,195$68,328$58,787$50,453$39,644
15 years$84,521$72,346$61,691$52,428$44,423$34,192
16 years$78,418$66,376$55,932$46,944$39,261$29,590
17 years$73,038$61,130$50,896$42,178$34,812$25,680
18 years$68,262$56,487$46,462$38,011$30,953$22,342
19 years$63,994$52,351$42,533$34,346$27,589$19,478
20 years$60,157$48,648$39,035$31,107$24,643$17,011
21 years$56,690$45,313$35,905$28,232$22,053$14,880
22 years$53,542$42,298$33,092$25,669$19,767$13,034
23 years$50,673$39,561$30,554$23,377$17,744$11,429
24 years$48,046$37,066$28,258$21,322$15,949$10,033
25 years$45,633$34,784$26,172$19,472$14,351$8,815
26 years$43,410$32,692$24,273$17,804$12,927$7,750
27 years$41,355$30,767$22,540$16,297$11,655$6,819
28 years$39,449$28,991$20,954$14,931$10,517$6,003
29 years$37,679$27,350$19,499$13,692$9,496$5,288
30 years$36,030$25,829$18,163$12,566$8,580$4,660
31 years$34,490$24,417$16,933$11,541$7,757$4,108
32 years$33,049$23,104$15,799$10,606$7,017$3,623
33 years$31,698$21,879$14,751$9,753$6,351$3,196
34 years$30,430$20,737$13,783$8,974$5,750$2,820
35 years$29,236$19,669$12,886$8,261$5,208$2,489
36 years$28,112$18,668$12,054$7,608$4,718$2,197
37 years$27,050$17,731$11,283$7,010$4,277$1,940
38 years$26,047$16,850$10,566$6,461$3,877$1,713
39 years$25,098$16,023$9,899$5,958$3,516$1,513
40 years$24,199$15,245$9,278$5,495$3,189$1,336
41 years$23,345$14,511$8,700$5,070$2,893$1,181
42 years$22,535$13,820$8,161$4,679$2,625$1,043
43 years$21,764$13,168$7,658$4,319$2,383$922
44 years$21,030$12,552$7,188$3,988$2,163$814
45 years$20,331$11,969$6,750$3,683$1,963$720
46 years$19,664$11,418$6,339$3,402$1,783$636
47 years$19,028$10,896$5,956$3,143$1,619$562
48 years$18,419$10,402$5,597$2,904$1,470$497
49 years$17,838$9,933$5,261$2,684$1,335$439
50 years$17,281$9,489$4,946$2,481$1,213$388

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 $2,393 every year, while hoping to spend $38,026 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: 39/32/29 Blend
64$17,700,000$17,700,000$17,700,000$17,700,000
65$19,507,868$18,569,768$18,295,418$20,100,842
66$21,457,212$19,439,228$18,867,856$21,404,857
67$23,604,113$20,350,016$19,458,195$22,810,302
68$25,968,684$21,304,118$20,066,996$24,329,373
69$28,573,086$22,303,616$20,694,836$25,972,465
70$31,441,737$23,350,690$21,342,310$27,750,985
71$34,601,548$24,447,627$22,010,031$29,677,449
72$38,082,172$25,596,827$22,698,633$31,765,596
73$41,916,284$26,800,802$23,408,767$34,030,509
74$46,139,892$28,062,188$24,141,108$36,488,750
75$50,792,675$29,383,749$24,896,349$39,158,508
76$55,918,357$30,768,382$25,675,206$42,059,762
77$61,565,120$32,219,124$26,478,416$45,214,460
78$67,786,061$33,739,159$27,306,742$48,646,720
79$74,639,689$35,331,827$28,160,967$52,383,044
80$82,190,479$37,000,629$29,041,901$56,452,559
81$90,509,482$38,749,234$29,950,379$60,887,285
82$99,674,995$40,581,492$30,887,262$65,722,421
83$109,773,296$42,501,437$31,853,437$70,996,670
84$120,899,464$44,513,299$32,849,820$76,752,588
85$133,158,275$46,621,516$33,877,354$83,036,979
86$146,665,187$48,830,739$34,937,013$89,901,317
87$161,547,434$51,145,843$36,029,801$97,402,222
88$177,945,226$53,571,942$37,156,753$105,601,982
89$196,013,071$56,114,400$38,318,936$114,569,121
90$215,921,235$58,778,836$39,517,452$124,379,032
91$237,857,350$61,571,148$40,753,435$135,114,676
92$262,028,180$64,497,515$42,028,056$146,867,342
93$288,661,581$67,564,420$43,342,522$159,737,495
94$318,008,645$70,778,659$44,698,079$173,835,704
95$350,346,071$74,147,358$46,096,010$189,283,667
96$385,978,783$77,677,990$47,537,638$206,215,338
97$425,242,799$81,378,393$49,024,329$224,778,173
98$468,508,412$85,256,781$50,557,492$245,134,494
99$516,183,679$89,321,772$52,138,577$267,463,006
100$568,718,276$93,582,402$53,769,081$291,960,451