Can I retire at age 66 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,354,417
2 years$699,060$686,041$673,423$661,189$649,323$640,084
3 years$461,411$448,335$435,749$423,630$411,957$402,926
4 years$342,609$329,574$317,114$305,202$293,811$285,057
5 years$271,347$258,390$246,093$234,424$223,351$214,900
6 years$223,855$210,995$198,880$187,471$176,730$168,593
7 years$189,945$177,193$165,270$154,130$143,729$135,910
8 years$164,524$151,887$140,162$129,296$119,237$111,736
9 years$144,762$132,245$120,722$110,132$100,415$93,230
10 years$128,962$116,568$105,248$94,934$85,558$78,686
11 years$116,044$103,773$92,659$82,621$73,583$67,019
12 years$105,286$93,141$82,232$72,470$63,765$57,503
13 years$96,190$84,173$73,469$63,980$55,605$49,638
14 years$88,400$76,511$66,012$56,794$48,743$43,064
15 years$81,655$69,894$59,600$50,651$42,917$37,519
16 years$75,759$64,126$54,036$45,352$37,930$32,805
17 years$70,563$59,058$49,171$40,749$33,631$28,771
18 years$65,948$54,572$44,887$36,723$29,904$25,299
19 years$61,824$50,577$41,092$33,182$26,654$22,296
20 years$58,117$46,998$37,712$30,053$23,808$19,688
21 years$54,768$43,777$34,688$27,275$21,305$17,415
22 years$51,727$40,864$31,970$24,799$19,097$15,427
23 years$48,955$38,220$29,519$22,585$17,143$13,684
24 years$46,417$35,809$27,300$20,599$15,408$12,151
25 years$44,086$33,605$25,285$18,812$13,865$10,801
26 years$41,938$31,584$23,451$17,201$12,489$9,610
27 years$39,953$29,724$21,776$15,744$11,260$8,557
28 years$38,112$28,009$20,244$14,425$10,160$7,624
29 years$36,402$26,423$18,838$13,228$9,174$6,797
30 years$34,808$24,954$17,547$12,140$8,290$6,064
31 years$33,320$23,589$16,359$11,150$7,495$5,412
32 years$31,928$22,320$15,263$10,247$6,779$4,832
33 years$30,624$21,138$14,251$9,423$6,135$4,316
34 years$29,398$20,034$13,315$8,670$5,555$3,856
35 years$28,245$19,002$12,449$7,981$5,031$3,447
36 years$27,159$18,035$11,646$7,350$4,559$3,081
37 years$26,133$17,130$10,900$6,772$4,132$2,755
38 years$25,164$16,279$10,208$6,242$3,746$2,465
39 years$24,247$15,480$9,563$5,756$3,397$2,205
40 years$23,378$14,728$8,964$5,309$3,081$1,973
41 years$22,554$14,020$8,405$4,898$2,795$1,765
42 years$21,771$13,352$7,884$4,520$2,536$1,580
43 years$21,026$12,722$7,398$4,173$2,302$1,414
44 years$20,317$12,126$6,945$3,853$2,089$1,266
45 years$19,642$11,564$6,521$3,558$1,897$1,134
46 years$18,998$11,031$6,125$3,287$1,722$1,015
47 years$18,383$10,527$5,754$3,037$1,564$909
48 years$17,795$10,049$5,407$2,806$1,420$814
49 years$17,233$9,597$5,082$2,593$1,290$729
50 years$16,696$9,167$4,778$2,397$1,172$653

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,100,000, adding $5,137 every year, while hoping to spend $57,767 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: 77/13/10 Blend
65$17,100,000$17,100,000$17,100,000$17,100,000
66$18,849,499$17,943,199$17,678,149$20,268,037
67$20,710,684$18,760,952$18,208,903$22,019,590
68$22,759,774$19,616,839$18,755,502$23,931,704
69$25,015,874$20,512,667$19,318,414$26,026,612
70$27,500,037$21,450,331$19,898,124$28,322,488
71$30,235,459$22,431,815$20,495,130$30,839,336
72$33,247,702$23,459,201$21,109,943$33,599,183
73$36,564,933$24,534,667$21,743,092$36,626,284
74$40,218,190$25,660,499$22,395,119$39,947,340
75$44,241,673$26,839,092$23,066,583$43,591,760
76$48,673,070$28,072,954$23,758,060$47,591,923
77$53,553,910$29,364,716$24,470,142$51,983,488
78$58,929,956$30,717,134$25,203,439$56,805,726
79$64,851,636$32,133,097$25,958,578$62,101,887
80$71,374,517$33,615,634$26,736,205$67,919,602
81$78,559,835$35,167,917$27,536,985$74,311,333
82$86,475,067$36,793,273$28,361,603$81,334,862
83$95,194,569$38,495,189$29,210,762$89,053,831
84$104,800,280$40,277,319$30,085,188$97,538,343
85$115,382,494$42,143,493$30,985,627$106,865,615
86$127,040,710$44,097,725$31,912,847$117,120,703
87$139,884,574$46,144,225$32,867,638$128,397,302
88$154,034,912$48,287,404$33,850,816$140,798,624
89$169,624,870$50,531,884$34,863,216$154,438,367
90$186,801,175$52,882,514$35,905,701$169,441,782
91$205,725,511$55,344,373$36,979,158$185,946,852
92$226,576,053$57,922,788$38,084,500$204,105,587
93$249,549,147$60,623,341$39,222,668$224,085,452
94$274,861,161$63,451,885$40,394,628$246,070,941
95$302,750,526$66,414,555$41,601,375$270,265,314
96$333,479,993$69,517,782$42,843,934$296,892,509
97$367,339,107$72,768,307$44,123,360$326,199,244
98$404,646,941$76,173,199$45,440,738$358,457,343
99$445,755,110$79,739,867$46,797,184$393,966,291
100$491,051,089$83,476,079$48,193,847$433,056,054