Can I retire at age 66 with 17,000,000?

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 $17,000,000?

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 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,322,296
2 years$694,972$682,029$669,485$657,323$645,526$612,174
3 years$458,713$445,714$433,201$421,153$409,548$377,195
4 years$340,606$327,647$315,260$303,417$292,093$260,988
5 years$269,760$256,879$244,654$233,053$222,044$192,274
6 years$222,546$209,761$197,717$186,375$175,696$147,290
7 years$188,834$176,157$164,304$153,229$142,888$115,850
8 years$163,562$150,999$139,343$128,540$118,539$92,857
9 years$143,916$131,472$120,016$109,487$99,827$75,480
10 years$128,208$115,886$104,632$94,379$85,058$62,017
11 years$115,365$103,166$92,117$82,138$73,153$51,385
12 years$104,670$92,597$81,751$72,046$63,393$42,862
13 years$95,628$83,680$73,039$63,606$55,280$35,945
14 years$87,883$76,063$65,626$56,462$48,458$30,278
15 years$81,178$69,485$59,252$50,355$42,666$25,596
16 years$75,316$63,751$53,720$45,087$37,708$21,704
17 years$70,150$58,712$48,883$40,510$33,435$18,449
18 years$65,562$54,253$44,624$36,508$29,729$15,715
19 years$61,463$50,281$40,851$32,988$26,498$13,410
20 years$57,778$46,724$37,491$29,877$23,668$11,460
21 years$54,448$43,521$34,485$27,115$21,180$9,806
22 years$51,425$40,625$31,783$24,654$18,985$8,400
23 years$48,669$37,996$29,346$22,453$17,042$7,202
24 years$46,146$35,600$27,140$20,478$15,318$6,180
25 years$43,829$33,409$25,137$18,702$13,784$5,306
26 years$41,693$31,399$23,313$17,100$12,416$4,558
27 years$39,719$29,550$21,649$15,652$11,194$3,918
28 years$37,889$27,845$20,125$14,341$10,101$3,369
29 years$36,189$26,268$18,728$13,151$9,121$2,898
30 years$34,605$24,808$17,445$12,069$8,241$2,493
31 years$33,126$23,452$16,263$11,085$7,451$2,146
32 years$31,742$22,190$15,174$10,187$6,740$1,847
33 years$30,445$21,014$14,168$9,368$6,099$1,591
34 years$29,226$19,917$13,238$8,619$5,522$1,370
35 years$28,080$18,891$12,376$7,934$5,002$1,180
36 years$27,000$17,930$11,578$7,307$4,532$1,016
37 years$25,981$17,029$10,836$6,733$4,107$876
38 years$25,017$16,184$10,148$6,206$3,724$754
39 years$24,106$15,389$9,507$5,722$3,377$650
40 years$23,242$14,642$8,911$5,278$3,063$560
41 years$22,422$13,938$8,356$4,869$2,779$483
42 years$21,643$13,274$7,838$4,494$2,521$416
43 years$20,903$12,647$7,355$4,148$2,288$359
44 years$20,198$12,055$6,904$3,830$2,077$309
45 years$19,527$11,496$6,483$3,537$1,886$266
46 years$18,886$10,967$6,089$3,268$1,712$230
47 years$18,275$10,465$5,720$3,019$1,555$198
48 years$17,691$9,991$5,375$2,790$1,412$171
49 years$17,132$9,541$5,053$2,578$1,282$147
50 years$16,598$9,114$4,750$2,383$1,165$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,000,000, adding $4,131 every year, while hoping to spend $58,788 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: 50/35/15 Blend
65$17,000,000$17,000,000$17,000,000$17,000,000
66$18,738,261$17,837,261$17,573,761$19,597,793
67$20,587,014$18,648,737$18,099,932$21,000,847
68$22,622,369$19,498,005$18,641,760$22,518,278
69$24,863,298$20,386,854$19,199,706$24,166,015
70$27,330,705$21,317,161$19,774,247$25,956,340
71$30,047,625$22,290,890$20,365,873$27,902,743
72$33,039,441$23,310,102$20,975,087$30,020,044
73$36,334,121$24,376,954$21,602,410$32,324,526
74$39,962,485$25,493,708$22,248,374$34,834,086
75$43,958,495$26,662,736$22,913,530$37,568,390
76$48,359,572$27,886,520$23,598,444$40,549,060
77$53,206,954$29,167,666$24,303,698$43,799,862
78$58,546,082$30,508,900$25,029,891$47,346,931
79$64,427,030$31,913,084$25,777,640$51,219,002
80$70,904,976$33,383,214$26,547,580$55,447,677
81$78,040,724$34,922,432$27,340,364$60,067,715
82$85,901,276$36,534,030$28,156,665$65,117,347
83$94,560,467$38,221,458$28,997,174$70,638,631
84$104,099,660$39,988,335$29,862,604$76,677,835
85$114,608,512$41,838,450$30,753,688$83,285,866
86$126,185,823$43,775,777$31,671,180$90,518,741
87$138,940,469$45,804,481$32,615,856$98,438,097
88$152,992,424$47,928,929$33,588,514$107,111,770
89$168,473,900$50,153,695$34,589,978$116,614,415
90$185,530,588$52,483,576$35,621,093$127,028,200
91$204,323,037$54,923,601$36,682,729$138,443,569
92$225,028,169$57,479,039$37,775,782$150,960,079
93$247,840,946$60,155,415$38,901,174$164,687,328
94$272,976,213$62,958,521$40,059,854$179,745,968
95$300,670,725$65,894,427$41,252,798$196,268,831
96$331,185,382$68,969,497$42,481,010$214,402,166
97$364,807,690$72,190,402$43,745,523$234,306,999
98$401,854,479$75,564,136$45,047,402$256,160,635
99$442,674,886$79,098,029$46,387,740$280,158,311
100$487,653,659$82,799,767$47,767,664$306,515,020