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%18.8%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,315,197
2 years$699,060$686,041$673,423$661,189$649,323$601,096
3 years$461,411$448,335$435,749$423,630$411,957$365,399
4 years$342,609$329,574$317,114$305,202$293,811$249,278
5 years$271,347$258,390$246,093$234,424$223,351$180,959
6 years$223,855$210,995$198,880$187,471$176,730$136,512
7 years$189,945$177,193$165,270$154,130$143,729$105,676
8 years$164,524$151,887$140,162$129,296$119,237$83,318
9 years$144,762$132,245$120,722$110,132$100,415$66,582
10 years$128,962$116,568$105,248$94,934$85,558$53,755
11 years$116,044$103,773$92,659$82,621$73,583$43,743
12 years$105,286$93,141$82,232$72,470$63,765$35,818
13 years$96,190$84,173$73,469$63,980$55,605$29,474
14 years$88,400$76,511$66,012$56,794$48,743$24,351
15 years$81,655$69,894$59,600$50,651$42,917$20,183
16 years$75,759$64,126$54,036$45,352$37,930$16,772
17 years$70,563$59,058$49,171$40,749$33,631$13,968
18 years$65,948$54,572$44,887$36,723$29,904$11,653
19 years$61,824$50,577$41,092$33,182$26,654$9,737
20 years$58,117$46,998$37,712$30,053$23,808$8,145
21 years$54,768$43,777$34,688$27,275$21,305$6,821
22 years$51,727$40,864$31,970$24,799$19,097$5,716
23 years$48,955$38,220$29,519$22,585$17,143$4,794
24 years$46,417$35,809$27,300$20,599$15,408$4,023
25 years$44,086$33,605$25,285$18,812$13,865$3,378
26 years$41,938$31,584$23,451$17,201$12,489$2,837
27 years$39,953$29,724$21,776$15,744$11,260$2,384
28 years$38,112$28,009$20,244$14,425$10,160$2,004
29 years$36,402$26,423$18,838$13,228$9,174$1,684
30 years$34,808$24,954$17,547$12,140$8,290$1,416
31 years$33,320$23,589$16,359$11,150$7,495$1,191
32 years$31,928$22,320$15,263$10,247$6,779$1,002
33 years$30,624$21,138$14,251$9,423$6,135$843
34 years$29,398$20,034$13,315$8,670$5,555$709
35 years$28,245$19,002$12,449$7,981$5,031$597
36 years$27,159$18,035$11,646$7,350$4,559$502
37 years$26,133$17,130$10,900$6,772$4,132$422
38 years$25,164$16,279$10,208$6,242$3,746$355
39 years$24,247$15,480$9,563$5,756$3,397$299
40 years$23,378$14,728$8,964$5,309$3,081$252
41 years$22,554$14,020$8,405$4,898$2,795$212
42 years$21,771$13,352$7,884$4,520$2,536$178
43 years$21,026$12,722$7,398$4,173$2,302$150
44 years$20,317$12,126$6,945$3,853$2,089$126
45 years$19,642$11,564$6,521$3,558$1,897$106
46 years$18,998$11,031$6,125$3,287$1,722$89
47 years$18,383$10,527$5,754$3,037$1,564$75
48 years$17,795$10,049$5,407$2,806$1,420$63
49 years$17,233$9,597$5,082$2,593$1,290$53
50 years$16,696$9,167$4,778$2,397$1,172$45

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 $6,628 every year, while hoping to spend $58,180 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: 36/37/27 Blend
65$17,100,000$17,100,000$17,100,000$17,100,000
66$18,851,037$17,944,737$17,679,687$19,376,465
67$20,711,939$18,762,126$18,210,053$20,584,364
68$22,760,704$19,617,617$18,756,237$21,881,726
69$25,016,432$20,513,016$19,318,707$23,281,232
70$27,500,169$21,450,214$19,897,944$24,792,101
71$30,235,107$22,431,196$20,494,446$26,424,442
72$33,246,801$23,458,038$21,108,723$28,189,341
73$36,563,411$24,532,918$21,741,302$30,098,964
74$40,215,966$25,658,118$22,392,723$32,166,655
75$44,238,660$26,836,031$23,063,544$34,407,065
76$48,669,169$28,069,162$23,754,338$36,836,275
77$53,549,012$29,360,139$24,465,697$39,471,938
78$58,923,940$30,711,715$25,198,226$42,333,446
79$64,844,368$32,126,775$25,952,553$45,442,092
80$71,365,851$33,608,344$26,729,321$48,821,270
81$78,549,606$35,159,592$27,529,192$52,496,681
82$86,463,095$36,783,840$28,352,849$56,496,570
83$95,180,654$38,484,572$29,200,993$60,851,974
84$104,784,201$40,265,437$30,074,347$65,597,010
85$115,364,007$42,130,261$30,973,654$70,769,183
86$127,019,545$44,083,053$31,899,681$76,409,726
87$139,860,433$46,128,017$32,853,215$82,563,978
88$154,007,466$48,269,558$33,835,066$89,281,798
89$169,593,756$50,512,295$34,846,069$96,618,019
90$186,765,990$52,861,068$35,887,083$104,632,953
91$205,685,812$55,320,951$36,958,992$113,392,944
92$226,531,351$57,897,265$38,062,704$122,970,979
93$249,498,901$60,595,583$39,199,157$133,447,355
94$274,804,774$63,421,752$40,369,314$144,910,428
95$302,687,341$66,381,897$41,574,166$157,457,417
96$333,409,283$69,482,444$42,814,734$171,195,312
97$367,260,070$72,730,123$44,092,068$186,241,858
98$404,558,693$76,131,995$45,407,248$202,726,646
99$445,656,675$79,695,459$46,761,386$220,792,316
100$490,941,391$83,428,271$48,155,628$240,595,878