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%13.8%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,342,093
2 years$699,060$686,041$673,423$661,189$649,323$627,733
3 years$461,411$448,335$435,749$423,630$411,957$390,934
4 years$342,609$329,574$317,114$305,202$293,811$273,517
5 years$271,347$258,390$246,093$234,424$223,351$203,843
6 years$223,855$210,995$198,880$187,471$176,730$158,032
7 years$189,945$177,193$165,270$154,130$143,729$125,847
8 years$164,524$151,887$140,162$129,296$119,237$102,168
9 years$144,762$132,245$120,722$110,132$100,415$84,149
10 years$128,962$116,568$105,248$94,934$85,558$70,083
11 years$116,044$103,773$92,659$82,621$73,583$58,883
12 years$105,286$93,141$82,232$72,470$63,765$49,822
13 years$96,190$84,173$73,469$63,980$55,605$42,397
14 years$88,400$76,511$66,012$56,794$48,743$36,249
15 years$81,655$69,894$59,600$50,651$42,917$31,115
16 years$75,759$64,126$54,036$45,352$37,930$26,796
17 years$70,563$59,058$49,171$40,749$33,631$23,141
18 years$65,948$54,572$44,887$36,723$29,904$20,031
19 years$61,824$50,577$41,092$33,182$26,654$17,374
20 years$58,117$46,998$37,712$30,053$23,808$15,095
21 years$54,768$43,777$34,688$27,275$21,305$13,135
22 years$51,727$40,864$31,970$24,799$19,097$11,444
23 years$48,955$38,220$29,519$22,585$17,143$9,981
24 years$46,417$35,809$27,300$20,599$15,408$8,714
25 years$44,086$33,605$25,285$18,812$13,865$7,614
26 years$41,938$31,584$23,451$17,201$12,489$6,657
27 years$39,953$29,724$21,776$15,744$11,260$5,825
28 years$38,112$28,009$20,244$14,425$10,160$5,099
29 years$36,402$26,423$18,838$13,228$9,174$4,466
30 years$34,808$24,954$17,547$12,140$8,290$3,913
31 years$33,320$23,589$16,359$11,150$7,495$3,429
32 years$31,928$22,320$15,263$10,247$6,779$3,007
33 years$30,624$21,138$14,251$9,423$6,135$2,637
34 years$29,398$20,034$13,315$8,670$5,555$2,313
35 years$28,245$19,002$12,449$7,981$5,031$2,030
36 years$27,159$18,035$11,646$7,350$4,559$1,781
37 years$26,133$17,130$10,900$6,772$4,132$1,563
38 years$25,164$16,279$10,208$6,242$3,746$1,372
39 years$24,247$15,480$9,563$5,756$3,397$1,205
40 years$23,378$14,728$8,964$5,309$3,081$1,058
41 years$22,554$14,020$8,405$4,898$2,795$929
42 years$21,771$13,352$7,884$4,520$2,536$816
43 years$21,026$12,722$7,398$4,173$2,302$717
44 years$20,317$12,126$6,945$3,853$2,089$629
45 years$19,642$11,564$6,521$3,558$1,897$553
46 years$18,998$11,031$6,125$3,287$1,722$486
47 years$18,383$10,527$5,754$3,037$1,564$427
48 years$17,795$10,049$5,407$2,806$1,420$375
49 years$17,233$9,597$5,082$2,593$1,290$329
50 years$16,696$9,167$4,778$2,397$1,172$289

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 $2,042 every year, while hoping to spend $52,503 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: 54/24/22 Blend
65$17,100,000$17,100,000$17,100,000$17,100,000
66$18,846,306$17,940,006$17,674,956$19,750,234
67$20,712,767$18,763,204$18,211,205$21,194,405
68$22,767,847$19,624,978$18,763,657$22,760,044
69$25,030,729$20,527,165$19,332,802$24,463,316
70$27,522,554$21,471,686$19,919,141$26,317,398
71$30,266,613$22,460,557$20,523,192$28,336,777
72$33,288,575$23,495,892$21,145,485$30,537,381
73$36,616,721$24,579,902$21,786,571$32,936,721
74$40,282,219$25,714,910$22,447,013$35,554,057
75$44,319,411$26,903,346$23,127,394$38,410,570
76$48,766,142$28,147,761$23,828,313$41,529,560
77$53,664,113$29,450,826$24,550,386$44,936,655
78$59,059,278$30,815,342$25,294,249$48,660,050
79$65,002,274$32,244,243$26,060,556$52,730,767
80$71,548,903$33,740,608$26,849,982$57,182,941
81$78,760,654$35,307,661$27,663,220$62,054,133
82$86,705,288$36,948,783$28,500,984$67,385,679
83$95,457,472$38,667,519$29,364,012$73,223,072
84$105,099,489$40,467,582$30,253,061$79,616,385
85$115,722,010$42,352,867$31,168,912$86,620,732
86$127,424,953$44,327,455$32,112,369$94,296,784
87$140,318,424$46,395,626$33,084,259$102,711,327
88$154,523,758$48,561,866$34,085,435$111,937,890
89$170,174,660$50,830,876$35,116,776$122,057,421
90$187,418,472$53,207,586$36,179,186$133,159,048
91$206,417,563$55,697,164$37,273,595$145,340,905
92$227,350,856$58,305,027$38,400,962$158,711,050
93$250,415,525$61,036,855$39,562,275$173,388,469
94$275,828,848$63,898,601$40,758,552$189,504,192
95$303,830,265$66,896,507$41,990,838$207,202,515
96$334,683,634$70,037,117$43,260,212$226,642,346
97$368,679,720$73,327,291$44,567,784$247,998,695
98$406,138,945$76,774,222$45,914,699$271,464,309
99$447,414,409$80,385,450$47,302,133$297,251,477
100$492,895,222$84,168,881$48,731,298$325,594,018