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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,339,220
2 years$694,972$682,029$669,485$657,323$645,526$629,037
3 years$458,713$445,714$433,201$421,153$409,548$393,467
4 years$340,606$327,647$315,260$303,417$292,093$276,543
5 years$269,760$256,879$244,654$233,053$222,044$207,072
6 years$222,546$209,761$197,717$186,375$175,696$161,318
7 years$188,834$176,157$164,304$153,229$142,888$129,111
8 years$163,562$150,999$139,343$128,540$118,539$105,362
9 years$143,916$131,472$120,016$109,487$99,827$87,243
10 years$128,208$115,886$104,632$94,379$85,058$73,059
11 years$115,365$103,166$92,117$82,138$73,153$61,729
12 years$104,670$92,597$81,751$72,046$63,393$52,531
13 years$95,628$83,680$73,039$63,606$55,280$44,966
14 years$87,883$76,063$65,626$56,462$48,458$38,678
15 years$81,178$69,485$59,252$50,355$42,666$33,404
16 years$75,316$63,751$53,720$45,087$37,708$28,948
17 years$70,150$58,712$48,883$40,510$33,435$25,159
18 years$65,562$54,253$44,624$36,508$29,729$21,919
19 years$61,463$50,281$40,851$32,988$26,498$19,137
20 years$57,778$46,724$37,491$29,877$23,668$16,739
21 years$54,448$43,521$34,485$27,115$21,180$14,664
22 years$51,425$40,625$31,783$24,654$18,985$12,864
23 years$48,669$37,996$29,346$22,453$17,042$11,298
24 years$46,146$35,600$27,140$20,478$15,318$9,933
25 years$43,829$33,409$25,137$18,702$13,784$8,740
26 years$41,693$31,399$23,313$17,100$12,416$7,697
27 years$39,719$29,550$21,649$15,652$11,194$6,783
28 years$37,889$27,845$20,125$14,341$10,101$5,981
29 years$36,189$26,268$18,728$13,151$9,121$5,277
30 years$34,605$24,808$17,445$12,069$8,241$4,658
31 years$33,126$23,452$16,263$11,085$7,451$4,113
32 years$31,742$22,190$15,174$10,187$6,740$3,633
33 years$30,445$21,014$14,168$9,368$6,099$3,210
34 years$29,226$19,917$13,238$8,619$5,522$2,837
35 years$28,080$18,891$12,376$7,934$5,002$2,509
36 years$27,000$17,930$11,578$7,307$4,532$2,218
37 years$25,981$17,029$10,836$6,733$4,107$1,962
38 years$25,017$16,184$10,148$6,206$3,724$1,735
39 years$24,106$15,389$9,507$5,722$3,377$1,535
40 years$23,242$14,642$8,911$5,278$3,063$1,359
41 years$22,422$13,938$8,356$4,869$2,779$1,202
42 years$21,643$13,274$7,838$4,494$2,521$1,064
43 years$20,903$12,647$7,355$4,148$2,288$942
44 years$20,198$12,055$6,904$3,830$2,077$834
45 years$19,527$11,496$6,483$3,537$1,886$738
46 years$18,886$10,967$6,089$3,268$1,712$653
47 years$18,275$10,465$5,720$3,019$1,555$578
48 years$17,691$9,991$5,375$2,790$1,412$512
49 years$17,132$9,541$5,053$2,578$1,282$453
50 years$16,598$9,114$4,750$2,383$1,165$402

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 $4,579 every year, while hoping to spend $21,082 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: 48/27/25 Blend
65$17,000,000$17,000,000$17,000,000$17,000,000
66$18,738,723$17,837,723$17,574,223$19,504,620
67$20,627,642$18,689,341$18,140,529$20,893,221
68$22,708,524$19,581,981$18,725,099$22,397,835
69$25,000,927$20,517,631$19,328,523$24,031,390
70$27,526,403$21,498,377$19,951,410$25,806,034
71$30,308,702$22,526,403$20,594,389$27,735,111
72$33,373,996$23,604,004$21,258,107$29,833,283
73$36,751,125$24,733,581$21,943,235$32,116,657
74$40,471,870$25,917,657$22,650,463$34,602,938
75$44,571,253$27,158,874$23,380,506$37,311,585
76$49,087,867$28,460,005$24,134,100$40,263,986
77$54,064,242$29,823,958$24,912,005$43,483,659
78$59,547,244$31,253,781$25,715,006$46,996,460
79$65,588,518$32,752,672$26,543,914$50,830,822
80$72,244,977$34,323,983$27,399,565$55,018,016
81$79,579,338$35,971,231$28,282,823$59,592,436
82$87,660,712$37,698,103$29,194,580$64,591,914
83$96,565,261$39,508,467$30,135,755$70,058,069
84$106,376,914$41,406,378$31,107,299$76,036,691
85$117,188,158$43,396,089$32,110,192$82,578,160
86$129,100,915$45,482,062$33,145,448$89,737,913
87$142,227,499$47,668,973$34,214,111$97,576,955
88$156,691,680$49,961,730$35,317,260$106,162,425
89$172,629,853$52,365,476$36,456,010$115,568,214
90$190,192,321$54,885,608$37,631,510$125,875,653
91$209,544,720$57,527,784$38,844,947$137,174,264
92$230,869,575$60,297,940$40,097,547$149,562,597
93$254,368,032$63,202,299$41,390,574$163,149,136
94$280,261,748$66,247,389$42,725,336$178,053,318
95$308,794,992$69,440,056$44,103,180$194,406,637
96$340,236,942$72,787,480$45,525,497$212,353,872
97$374,884,234$76,297,190$46,993,726$232,054,435
98$413,063,759$79,977,085$48,509,348$253,683,858
99$455,135,747$83,835,447$50,073,896$277,435,431
100$501,497,171$87,880,962$51,688,950$303,522,006