Can I retire at age 66 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,327,414
2 years$707,237$694,065$681,300$668,923$656,917$605,020
3 years$466,808$453,579$440,846$428,585$416,775$366,726
4 years$346,617$333,429$320,823$308,772$297,248$249,427
5 years$274,521$261,412$248,972$237,166$225,963$180,495
6 years$226,473$213,463$201,206$189,664$178,797$135,713
7 years$192,166$179,266$167,203$155,933$145,410$104,698
8 years$166,448$153,664$141,802$130,808$120,631$82,253
9 years$146,455$133,792$122,134$111,420$101,589$65,490
10 years$130,471$117,931$106,479$96,045$86,559$52,673
11 years$117,401$104,987$93,742$83,588$74,444$42,696
12 years$106,517$94,231$83,194$73,318$64,511$34,820
13 years$97,315$85,157$74,328$64,729$56,255$28,536
14 years$89,434$77,405$66,784$57,459$49,313$23,477
15 years$82,611$70,711$60,297$51,243$43,419$19,375
16 years$76,646$64,876$54,668$45,883$38,374$16,031
17 years$71,388$59,749$49,746$41,225$34,025$13,292
18 years$66,719$55,210$45,412$37,152$30,253$11,040
19 years$62,547$51,168$41,572$33,570$26,965$9,182
20 years$58,797$47,548$38,153$30,404$24,086$7,646
21 years$55,409$44,289$35,093$27,594$21,554$6,373
22 years$52,332$41,342$32,344$25,089$19,320$5,316
23 years$49,527$38,667$29,864$22,849$17,343$4,437
24 years$46,960$36,228$27,619$20,840$15,588$3,706
25 years$44,602$33,998$25,581$19,032$14,027$3,097
26 years$42,429$31,953$23,725$17,402$12,635$2,588
27 years$40,420$30,071$22,031$15,928$11,392$2,164
28 years$38,558$28,336$20,480$14,594$10,279$1,810
29 years$36,827$26,732$19,059$13,383$9,282$1,514
30 years$35,215$25,246$17,752$12,282$8,386$1,267
31 years$33,710$23,865$16,550$11,280$7,582$1,060
32 years$32,302$22,581$15,442$10,367$6,859$887
33 years$30,982$21,385$14,418$9,533$6,207$743
34 years$29,742$20,268$13,471$8,771$5,620$622
35 years$28,576$19,224$12,595$8,074$5,090$521
36 years$27,476$18,246$11,782$7,436$4,612$436
37 years$26,439$17,330$11,028$6,852$4,180$365
38 years$25,459$16,470$10,327$6,315$3,789$306
39 years$24,531$15,661$9,675$5,823$3,436$256
40 years$23,652$14,900$9,069$5,371$3,117$214
41 years$22,818$14,184$8,503$4,955$2,828$179
42 years$22,025$13,508$7,977$4,573$2,566$150
43 years$21,272$12,870$7,485$4,222$2,329$126
44 years$20,555$12,268$7,026$3,898$2,114$105
45 years$19,872$11,699$6,597$3,600$1,919$88
46 years$19,220$11,160$6,196$3,325$1,742$74
47 years$18,598$10,650$5,821$3,072$1,582$62
48 years$18,003$10,167$5,470$2,839$1,437$52
49 years$17,435$9,709$5,142$2,624$1,305$43
50 years$16,891$9,274$4,834$2,425$1,185$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,300,000, adding $6,924 every year, while hoping to spend $53,993 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: 41/40/19 Blend
65$17,300,000$17,300,000$17,300,000$17,300,000
66$19,071,742$18,154,842$17,886,692$19,746,602
67$20,959,612$18,986,981$18,428,448$21,059,505
68$23,038,234$19,858,086$18,986,543$22,473,897
69$25,327,010$20,770,007$19,561,468$24,003,676
70$27,847,315$21,724,688$20,153,728$25,659,414
71$30,622,705$22,724,162$20,763,842$27,452,709
72$33,679,137$23,770,561$21,392,346$29,396,290
73$37,045,211$24,866,121$22,039,792$31,504,126
74$40,752,445$26,013,184$22,706,747$33,791,550
75$44,835,569$27,214,204$23,393,798$36,275,401
76$49,332,852$28,471,755$24,101,545$38,974,165
77$54,286,466$29,788,534$24,830,610$41,908,152
78$59,742,880$31,167,367$25,581,630$45,099,670
79$65,753,304$32,611,218$26,355,265$48,573,226
80$72,374,165$34,123,192$27,152,190$52,355,754
81$79,667,646$35,706,544$27,973,105$56,476,852
82$87,702,268$37,364,687$28,818,726$60,969,052
83$96,553,541$39,101,198$29,689,794$65,868,116
84$106,304,670$40,919,825$30,587,071$71,213,363
85$117,047,349$42,824,499$31,511,341$77,048,023
86$128,882,619$44,819,340$32,463,411$83,419,638
87$141,921,824$46,908,666$33,444,113$90,380,489
88$156,287,664$49,097,003$34,454,304$97,988,083
89$172,115,348$51,389,099$35,494,865$106,305,676
90$189,553,875$53,789,927$36,566,705$115,402,853
91$208,767,439$56,304,702$37,670,759$125,356,173
92$229,936,978$58,938,892$38,807,989$136,249,871
93$253,261,880$61,698,228$39,979,387$148,176,634
94$278,961,869$64,588,719$41,185,974$161,238,459
95$307,279,076$67,616,663$42,428,801$175,547,595
96$338,480,326$70,788,663$43,708,949$191,227,584
97$372,859,655$74,111,643$45,027,535$208,414,401
98$410,741,088$77,592,861$46,385,705$227,257,717
99$452,481,693$81,239,926$47,784,640$247,922,288
100$498,474,958$85,060,815$49,225,558$270,589,487