Can I retire at age 66 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,334,607
2 years$703,148$690,053$677,361$665,056$653,120$616,162
3 years$464,109$450,957$438,298$426,108$414,366$378,552
4 years$344,613$331,501$318,968$306,987$295,529$261,135
5 years$272,934$259,901$247,533$235,795$224,657$191,776
6 years$225,164$212,229$200,043$188,567$177,763$146,428
7 years$191,055$178,229$166,237$155,032$144,569$114,781
8 years$165,486$152,776$140,982$130,052$119,934$91,678
9 years$145,609$133,019$121,428$110,776$101,002$74,252
10 years$129,717$117,249$105,863$95,490$86,059$60,780
11 years$116,722$104,380$93,200$83,105$74,013$50,168
12 years$105,901$93,686$82,713$72,894$64,138$41,682
13 years$96,753$84,665$73,899$64,354$55,930$34,815
14 years$88,917$76,958$66,398$57,127$49,028$29,205
15 years$82,133$70,302$59,949$50,947$43,168$24,586
16 years$76,202$64,501$54,352$45,617$38,152$20,758
17 years$70,975$59,403$49,458$40,987$33,828$17,568
18 years$66,334$54,891$45,149$36,937$30,078$14,899
19 years$62,186$50,873$41,332$33,376$26,810$12,657
20 years$58,457$47,273$37,932$30,229$23,947$10,767
21 years$55,088$44,033$34,890$27,434$21,430$9,171
22 years$52,030$41,103$32,157$24,944$19,209$7,819
23 years$49,241$38,443$29,691$22,717$17,243$6,672
24 years$46,689$36,019$27,459$20,719$15,498$5,698
25 years$44,344$33,802$25,433$18,922$13,946$4,869
26 years$42,184$31,768$23,588$17,301$12,562$4,163
27 years$40,186$29,898$21,903$15,836$11,326$3,561
28 years$38,335$28,172$20,362$14,509$10,219$3,047
29 years$36,615$26,577$18,949$13,305$9,228$2,608
30 years$35,012$25,100$17,650$12,211$8,338$2,233
31 years$33,515$23,727$16,454$11,215$7,538$1,912
32 years$32,115$22,451$15,352$10,307$6,819$1,638
33 years$30,803$21,261$14,334$9,478$6,171$1,403
34 years$29,570$20,151$13,393$8,721$5,587$1,202
35 years$28,410$19,113$12,522$8,028$5,061$1,030
36 years$27,318$18,141$11,714$7,393$4,585$883
37 years$26,286$17,230$10,964$6,812$4,156$757
38 years$25,312$16,374$10,267$6,279$3,768$649
39 years$24,389$15,570$9,619$5,789$3,417$556
40 years$23,515$14,814$9,016$5,340$3,099$477
41 years$22,686$14,102$8,454$4,927$2,811$409
42 years$21,898$13,430$7,930$4,547$2,551$351
43 years$21,149$12,796$7,442$4,197$2,315$301
44 years$20,436$12,197$6,985$3,875$2,102$258
45 years$19,757$11,631$6,559$3,579$1,908$221
46 years$19,109$11,096$6,160$3,306$1,732$190
47 years$18,490$10,589$5,788$3,054$1,573$163
48 years$17,899$10,108$5,439$2,822$1,428$139
49 years$17,334$9,653$5,112$2,608$1,297$120
50 years$16,793$9,221$4,806$2,411$1,178$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,200,000, adding $2,590 every year, while hoping to spend $34,019 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: 39/33/28 Blend
65$17,200,000$17,200,000$17,200,000$17,200,000
66$18,957,072$18,045,472$17,778,872$19,538,846
67$20,854,497$18,893,504$18,338,268$20,812,303
68$22,944,319$19,781,949$18,915,264$22,185,065
69$25,246,128$20,712,753$19,510,413$23,668,854
70$27,781,508$21,687,952$20,124,286$25,273,816
71$30,574,245$22,709,685$20,757,473$27,011,085
72$33,650,550$23,780,192$21,410,581$28,892,878
73$37,039,307$24,901,823$22,084,237$30,932,602
74$40,772,344$26,077,040$22,779,086$33,144,977
75$44,884,735$27,308,426$23,495,797$35,546,163
76$49,415,128$28,598,689$24,235,056$38,153,908
77$54,406,113$29,950,667$24,997,573$40,987,704
78$59,904,625$31,367,337$25,784,079$44,068,964
79$65,962,380$32,851,821$26,595,330$47,421,214
80$72,636,373$34,407,390$27,432,104$51,070,308
81$79,989,406$36,037,476$28,295,203$55,044,656
82$88,090,689$37,745,675$29,185,455$59,375,489
83$97,016,487$39,535,761$30,103,716$64,097,138
84$106,850,844$41,411,689$31,050,865$69,247,346
85$117,686,374$43,377,605$32,027,813$74,867,616
86$129,625,135$45,437,858$33,035,495$81,003,588
87$142,779,594$47,597,009$34,074,880$87,705,456
88$157,273,688$49,859,838$35,146,963$95,028,429
89$173,243,992$52,231,358$36,252,775$103,033,239
90$190,841,012$54,716,827$37,393,376$111,786,695
91$210,230,601$57,321,758$38,569,860$121,362,304
92$231,595,528$60,051,929$39,783,356$131,840,945
93$255,137,202$62,913,404$41,035,028$143,311,613
94$281,077,573$65,912,537$42,326,078$155,872,246
95$309,661,228$69,055,994$43,657,744$169,630,629
96$341,157,698$72,350,762$45,031,303$184,705,390
97$375,864,006$75,804,172$46,448,074$201,227,102
98$414,107,466$79,423,908$47,909,416$219,339,492
99$456,248,776$83,218,029$49,416,731$239,200,777
100$502,685,425$87,194,985$50,971,465$260,985,133