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

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,338,395
2 years$703,148$690,053$677,361$665,056$653,120$619,914
3 years$464,109$450,957$438,298$426,108$414,366$382,150
4 years$344,613$331,501$318,968$306,987$295,529$264,550
5 years$272,934$259,901$247,533$235,795$224,657$195,001
6 years$225,164$212,229$200,043$188,567$177,763$149,460
7 years$191,055$178,229$166,237$155,032$144,569$117,623
8 years$165,486$152,776$140,982$130,052$119,934$94,334
9 years$145,609$133,019$121,428$110,776$101,002$76,726
10 years$129,717$117,249$105,863$95,490$86,059$63,080
11 years$116,722$104,380$93,200$83,105$74,013$52,300
12 years$105,901$93,686$82,713$72,894$64,138$43,653
13 years$96,753$84,665$73,899$64,354$55,930$36,634
14 years$88,917$76,958$66,398$57,127$49,028$30,879
15 years$82,133$70,302$59,949$50,947$43,168$26,122
16 years$76,202$64,501$54,352$45,617$38,152$22,166
17 years$70,975$59,403$49,458$40,987$33,828$18,855
18 years$66,334$54,891$45,149$36,937$30,078$16,073
19 years$62,186$50,873$41,332$33,376$26,810$13,726
20 years$58,457$47,273$37,932$30,229$23,947$11,739
21 years$55,088$44,033$34,890$27,434$21,430$10,053
22 years$52,030$41,103$32,157$24,944$19,209$8,618
23 years$49,241$38,443$29,691$22,717$17,243$7,394
24 years$46,689$36,019$27,459$20,719$15,498$6,350
25 years$44,344$33,802$25,433$18,922$13,946$5,456
26 years$42,184$31,768$23,588$17,301$12,562$4,691
27 years$40,186$29,898$21,903$15,836$11,326$4,035
28 years$38,335$28,172$20,362$14,509$10,219$3,473
29 years$36,615$26,577$18,949$13,305$9,228$2,990
30 years$35,012$25,100$17,650$12,211$8,338$2,575
31 years$33,515$23,727$16,454$11,215$7,538$2,218
32 years$32,115$22,451$15,352$10,307$6,819$1,911
33 years$30,803$21,261$14,334$9,478$6,171$1,647
34 years$29,570$20,151$13,393$8,721$5,587$1,419
35 years$28,410$19,113$12,522$8,028$5,061$1,223
36 years$27,318$18,141$11,714$7,393$4,585$1,055
37 years$26,286$17,230$10,964$6,812$4,156$909
38 years$25,312$16,374$10,267$6,279$3,768$784
39 years$24,389$15,570$9,619$5,789$3,417$676
40 years$23,515$14,814$9,016$5,340$3,099$583
41 years$22,686$14,102$8,454$4,927$2,811$503
42 years$21,898$13,430$7,930$4,547$2,551$434
43 years$21,149$12,796$7,442$4,197$2,315$374
44 years$20,436$12,197$6,985$3,875$2,102$323
45 years$19,757$11,631$6,559$3,579$1,908$278
46 years$19,109$11,096$6,160$3,306$1,732$240
47 years$18,490$10,589$5,788$3,054$1,573$207
48 years$17,899$10,108$5,439$2,822$1,428$179
49 years$17,334$9,653$5,112$2,608$1,297$154
50 years$16,793$9,221$4,806$2,411$1,178$133

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 $2,597 every year, while hoping to spend $40,571 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: 29/45/26 Blend
65$17,200,000$17,200,000$17,200,000$17,200,000
66$18,957,079$18,045,479$17,778,879$19,353,872
67$20,847,534$18,886,540$18,331,304$20,506,255
68$22,929,455$19,767,454$18,900,876$21,740,563
69$25,222,330$20,690,129$19,488,125$23,066,753
70$27,747,631$21,656,569$20,093,601$24,492,782
71$30,529,021$22,668,872$20,717,868$26,027,353
72$33,592,573$23,729,239$21,361,509$27,679,994
73$36,967,019$24,839,976$22,025,123$29,461,139
74$40,684,021$26,003,501$22,709,331$31,382,213
75$44,778,468$27,222,349$23,414,770$33,455,734
76$49,288,806$28,499,178$24,142,099$35,695,420
77$54,257,401$29,836,774$24,891,996$38,116,309
78$59,730,938$31,238,058$25,665,160$40,734,887
79$65,760,863$32,706,093$26,462,313$43,569,235
80$72,403,868$34,244,088$27,284,197$46,639,185
81$79,722,424$35,855,410$28,131,579$49,966,496
82$87,785,374$37,543,588$29,005,250$53,575,049
83$96,668,580$39,312,321$29,906,023$57,491,052
84$106,455,639$41,165,489$30,834,739$61,743,278
85$117,238,674$43,107,158$31,792,263$66,363,321
86$129,119,203$45,141,593$32,779,487$71,385,875
87$142,209,094$47,273,263$33,797,333$76,849,051
88$156,631,626$49,506,858$34,846,748$82,794,713
89$172,522,648$51,847,290$35,928,710$89,268,858
90$190,031,864$54,299,713$37,044,228$96,322,033
91$209,324,246$56,869,530$38,194,340$104,009,788
92$230,581,587$59,562,406$39,380,119$112,393,185
93$254,004,225$62,384,279$40,602,670$121,539,347
94$279,812,927$65,341,380$41,863,130$131,522,073
95$308,250,974$68,440,236$43,162,673$142,422,509
96$339,586,462$71,687,697$44,502,512$154,329,891
97$374,114,828$75,090,940$45,883,892$167,342,360
98$412,161,638$78,657,494$47,308,101$181,567,859
99$454,085,667$82,395,253$48,776,464$197,125,128
100$500,282,279$86,312,494$50,290,349$214,144,792