Can I retire at age 65 with 17,900,000?

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 $17,900,000?

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 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,409,535
2 years$731,765$718,137$704,928$692,122$679,701$661,753
3 years$482,997$469,310$456,135$443,449$431,230$413,729
4 years$358,638$344,993$331,950$319,480$307,557$290,638
5 years$284,042$270,478$257,607$245,392$233,800$217,512
6 years$234,327$220,866$208,184$196,242$184,998$169,360
7 years$198,831$185,483$173,002$161,341$150,453$135,472
8 years$172,221$158,993$146,720$135,345$124,815$110,489
9 years$151,535$138,432$126,370$115,284$105,112$91,435
10 years$134,996$122,021$110,172$99,376$89,561$76,523
11 years$121,473$108,628$96,994$86,487$77,025$64,615
12 years$110,211$97,499$86,079$75,860$66,749$54,952
13 years$100,690$88,110$76,906$66,973$58,206$47,008
14 years$92,536$80,090$69,101$59,452$51,023$40,408
15 years$85,476$73,164$62,388$53,020$44,925$34,874
16 years$79,304$67,126$56,564$47,474$39,705$30,201
17 years$73,864$61,821$51,471$42,655$35,205$26,229
18 years$69,033$57,125$46,987$38,441$31,303$22,836
19 years$64,717$52,943$43,014$34,734$27,901$19,923
20 years$60,836$49,197$39,476$31,459$24,921$17,413
21 years$57,330$45,825$36,310$28,551$22,302$15,243
22 years$54,147$42,776$33,466$25,959$19,990$13,362
23 years$51,245$40,008$30,900$23,642$17,945$11,726
24 years$48,589$37,485$28,577$21,562$16,129$10,301
25 years$46,149$35,177$26,468$19,692$14,514$9,058
26 years$43,900$33,061$24,548$18,005$13,073$7,970
27 years$41,822$31,114$22,795$16,481$11,787$7,018
28 years$39,895$29,319$21,191$15,100$10,635$6,184
29 years$38,105$27,659$19,720$13,847$9,603$5,451
30 years$36,437$26,121$18,368$12,708$8,677$4,807
31 years$34,879$24,693$17,124$11,671$7,845$4,242
32 years$33,422$23,365$15,977$10,726$7,096$3,744
33 years$32,056$22,127$14,918$9,864$6,422$3,305
34 years$30,773$20,971$13,938$9,075$5,815$2,919
35 years$29,567$19,891$13,031$8,354$5,267$2,578
36 years$28,429$18,879$12,191$7,694$4,772$2,278
37 years$27,356$17,931$11,410$7,089$4,325$2,013
38 years$26,342$17,041$10,685$6,534$3,921$1,779
39 years$25,382$16,204$10,011$6,025$3,556$1,573
40 years$24,472$15,417$9,383$5,557$3,225$1,390
41 years$23,609$14,675$8,798$5,127$2,926$1,229
42 years$22,789$13,976$8,253$4,732$2,655$1,087
43 years$22,010$13,317$7,745$4,368$2,409$961
44 years$21,268$12,694$7,270$4,033$2,187$850
45 years$20,561$12,104$6,826$3,725$1,985$752
46 years$19,886$11,547$6,411$3,441$1,803$665
47 years$19,243$11,020$6,023$3,179$1,637$588
48 years$18,628$10,520$5,660$2,937$1,487$521
49 years$18,039$10,046$5,320$2,714$1,350$461
50 years$17,477$9,596$5,002$2,509$1,226$407

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,900,000, adding $6,433 every year, while hoping to spend $37,000 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: 62/16/22 Blend
64$17,900,000$17,900,000$17,900,000$17,900,000
65$19,732,436$18,783,736$18,506,286$20,841,905
66$21,705,776$19,664,771$19,086,878$22,473,662
67$23,879,158$20,587,737$19,685,681$24,249,761
68$26,272,945$21,554,649$20,303,265$26,188,098
69$28,909,579$22,567,621$20,940,217$28,304,497
70$31,813,789$23,628,867$21,597,147$30,616,362
71$35,012,824$24,740,710$22,274,681$33,142,843
72$38,536,712$25,905,585$22,973,463$35,905,013
73$42,418,544$27,126,046$23,694,161$38,926,060
74$46,694,782$28,404,768$24,437,462$42,231,503
75$51,405,606$29,744,559$25,204,073$45,849,426
76$56,595,296$31,148,360$25,994,727$49,810,743
77$62,312,642$32,619,256$26,810,177$54,149,480
78$68,611,414$34,160,482$27,651,200$58,903,092
79$75,550,861$35,775,428$28,518,599$64,112,814
80$83,196,277$37,467,651$29,413,199$69,824,041
81$91,619,610$39,240,879$30,335,854$76,086,752
82$100,900,148$41,099,020$31,287,443$82,955,975
83$111,125,264$43,046,174$32,268,874$90,492,302
84$122,391,242$45,086,637$33,281,082$98,762,450
85$134,804,181$47,224,915$34,325,031$107,839,888
86$148,481,006$49,465,734$35,401,717$117,805,522
87$163,550,560$51,814,046$36,512,166$128,748,449
88$180,154,830$54,275,048$37,657,437$140,766,792
89$198,450,283$56,854,185$38,838,621$153,968,618
90$218,609,341$59,557,169$40,056,844$168,472,947
91$240,822,012$62,389,989$41,313,267$184,410,871
92$265,297,684$65,358,925$42,609,088$201,926,777
93$292,267,096$68,470,561$43,945,541$221,179,702
94$321,984,524$71,731,802$45,323,900$242,344,827
95$354,730,173$75,149,889$46,745,479$265,615,112
96$390,812,831$78,732,413$48,211,633$291,203,117
97$430,572,776$82,487,337$49,723,758$319,342,986
98$474,384,991$86,423,009$51,283,297$350,292,654
99$522,662,707$90,548,183$52,891,734$384,336,263
100$575,861,299$94,872,040$54,550,603$421,786,833