Can I retire at age 65 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,383,960
2 years$727,677$714,125$700,990$688,256$675,903$640,426
3 years$480,299$466,688$453,587$440,972$428,821$394,412
4 years$356,634$343,065$330,095$317,696$305,839$272,763
5 years$282,455$268,967$256,167$244,021$232,494$200,843
6 years$233,018$219,632$207,021$195,145$183,964$153,771
7 years$197,720$184,447$172,036$160,440$149,612$120,878
8 years$171,259$158,105$145,900$134,589$124,118$96,831
9 years$150,688$137,659$125,664$114,640$104,525$78,663
10 years$134,242$121,339$109,556$98,821$89,061$64,592
11 years$120,794$108,021$96,452$86,004$76,595$53,485
12 years$109,596$96,954$85,598$75,437$66,376$44,584
13 years$100,128$87,618$76,477$66,599$57,881$37,364
14 years$92,019$79,643$68,715$59,119$50,738$31,452
15 years$84,998$72,755$62,040$52,724$44,674$26,570
16 years$78,861$66,751$56,248$47,209$39,483$22,513
17 years$73,451$61,475$51,184$42,417$35,008$19,123
18 years$68,648$56,806$46,724$38,226$31,128$16,278
19 years$64,355$52,647$42,774$34,540$27,745$13,880
20 years$60,497$48,922$39,256$31,283$24,782$11,853
21 years$57,010$45,569$36,108$28,391$22,177$10,134
22 years$53,845$42,537$33,279$25,814$19,879$8,674
23 years$50,959$39,784$30,727$23,510$17,844$7,431
24 years$48,317$37,275$28,417$21,442$16,039$6,371
25 years$45,891$34,981$26,320$19,582$14,433$5,466
26 years$43,655$32,876$24,411$17,905$13,000$4,692
27 years$41,588$30,941$22,667$16,389$11,721$4,030
28 years$39,672$29,155$21,072$15,016$10,576$3,462
29 years$37,892$27,505$19,610$13,770$9,550$2,976
30 years$36,233$25,975$18,266$12,637$8,629$2,558
31 years$34,684$24,555$17,028$11,606$7,801$2,200
32 years$33,235$23,234$15,888$10,666$7,057$1,892
33 years$31,877$22,003$14,835$9,809$6,386$1,628
34 years$30,602$20,854$13,861$9,025$5,782$1,401
35 years$29,401$19,780$12,959$8,308$5,237$1,205
36 years$28,271$18,774$12,122$7,651$4,745$1,038
37 years$27,203$17,831$11,346$7,050$4,301$893
38 years$26,195$16,946$10,625$6,498$3,899$769
39 years$25,240$16,114$9,955$5,991$3,536$662
40 years$24,335$15,331$9,331$5,526$3,207$570
41 years$23,477$14,593$8,749$5,099$2,909$491
42 years$22,662$13,898$8,207$4,705$2,640$422
43 years$21,887$13,242$7,701$4,344$2,396$364
44 years$21,149$12,623$7,229$4,011$2,175$313
45 years$20,446$12,037$6,788$3,704$1,974$270
46 years$19,775$11,483$6,375$3,421$1,793$232
47 years$19,135$10,958$5,989$3,161$1,628$200
48 years$18,524$10,461$5,628$2,921$1,478$172
49 years$17,939$9,990$5,290$2,699$1,343$148
50 years$17,379$9,542$4,974$2,495$1,220$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,800,000, adding $3,119 every year, while hoping to spend $35,315 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: 53/38/9 Blend
64$17,800,000$17,800,000$17,800,000$17,800,000
65$19,618,817$18,675,417$18,399,517$20,614,149
66$21,582,362$19,552,938$18,978,326$22,167,699
67$23,745,004$20,472,273$19,575,342$23,852,899
68$26,127,015$21,435,435$20,191,136$25,685,442
69$28,750,732$22,444,533$20,826,301$27,679,272
70$31,640,769$23,501,777$21,481,444$29,849,702
71$34,824,250$24,609,487$22,157,194$32,213,558
72$38,331,063$25,770,092$22,854,201$34,789,324
73$42,194,146$26,986,141$23,573,131$37,597,317
74$46,449,793$28,260,305$24,314,675$40,659,864
75$51,137,999$29,595,387$25,079,543$44,001,507
76$56,302,837$30,994,323$25,868,470$47,649,226
77$61,992,874$32,460,194$26,682,212$51,632,687
78$68,261,631$33,996,226$27,521,550$55,984,508
79$75,168,084$35,605,808$28,387,288$60,740,558
80$82,777,223$37,292,487$29,280,257$65,940,290
81$91,160,667$39,059,987$30,201,313$71,627,095
82$100,397,338$40,912,209$31,151,340$77,848,708
83$110,574,206$42,853,246$32,131,249$84,657,638
84$121,787,108$44,887,389$33,141,979$92,111,661
85$134,141,658$47,019,136$34,184,500$100,274,343
86$147,754,239$49,253,205$35,259,812$109,215,633
87$162,753,102$51,594,542$36,368,946$119,012,506
88$179,279,578$54,048,335$37,512,966$129,749,673
89$197,489,414$56,620,022$38,692,969$141,520,371
90$217,554,237$59,315,306$39,910,087$154,427,219
91$239,663,181$62,140,168$41,165,487$168,583,175
92$264,024,667$65,100,878$42,460,372$184,112,581
93$290,868,374$68,204,011$43,795,985$201,152,320
94$320,447,404$71,456,464$45,173,607$219,853,087
95$353,040,674$74,865,466$46,594,558$240,380,793
96$388,955,549$78,438,600$48,060,201$262,918,104
97$428,530,740$82,183,816$49,571,943$287,666,150
98$472,139,504$86,109,452$51,131,232$314,846,394
99$520,193,170$90,224,251$52,739,564$344,702,699
100$573,145,015$94,537,382$54,398,482$377,503,608