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%13.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,357,790
2 years$707,237$694,065$681,300$668,923$656,917$635,075
3 years$466,808$453,579$440,846$428,585$416,775$395,506
4 years$346,617$333,429$320,823$308,772$297,248$276,716
5 years$274,521$261,412$248,972$237,166$225,963$206,228
6 years$226,473$213,463$201,206$189,664$178,797$159,881
7 years$192,166$179,266$167,203$155,933$145,410$127,319
8 years$166,448$153,664$141,802$130,808$120,631$103,363
9 years$146,455$133,792$122,134$111,420$101,589$85,133
10 years$130,471$117,931$106,479$96,045$86,559$70,903
11 years$117,401$104,987$93,742$83,588$74,444$59,571
12 years$106,517$94,231$83,194$73,318$64,511$50,404
13 years$97,315$85,157$74,328$64,729$56,255$42,893
14 years$89,434$77,405$66,784$57,459$49,313$36,673
15 years$82,611$70,711$60,297$51,243$43,419$31,479
16 years$76,646$64,876$54,668$45,883$38,374$27,109
17 years$71,388$59,749$49,746$41,225$34,025$23,411
18 years$66,719$55,210$45,412$37,152$30,253$20,265
19 years$62,547$51,168$41,572$33,570$26,965$17,577
20 years$58,797$47,548$38,153$30,404$24,086$15,272
21 years$55,409$44,289$35,093$27,594$21,554$13,289
22 years$52,332$41,342$32,344$25,089$19,320$11,578
23 years$49,527$38,667$29,864$22,849$17,343$10,098
24 years$46,960$36,228$27,619$20,840$15,588$8,816
25 years$44,602$33,998$25,581$19,032$14,027$7,703
26 years$42,429$31,953$23,725$17,402$12,635$6,735
27 years$40,420$30,071$22,031$15,928$11,392$5,893
28 years$38,558$28,336$20,480$14,594$10,279$5,158
29 years$36,827$26,732$19,059$13,383$9,282$4,518
30 years$35,215$25,246$17,752$12,282$8,386$3,958
31 years$33,710$23,865$16,550$11,280$7,582$3,470
32 years$32,302$22,581$15,442$10,367$6,859$3,042
33 years$30,982$21,385$14,418$9,533$6,207$2,668
34 years$29,742$20,268$13,471$8,771$5,620$2,340
35 years$28,576$19,224$12,595$8,074$5,090$2,053
36 years$27,476$18,246$11,782$7,436$4,612$1,802
37 years$26,439$17,330$11,028$6,852$4,180$1,582
38 years$25,459$16,470$10,327$6,315$3,789$1,388
39 years$24,531$15,661$9,675$5,823$3,436$1,219
40 years$23,652$14,900$9,069$5,371$3,117$1,070
41 years$22,818$14,184$8,503$4,955$2,828$940
42 years$22,025$13,508$7,977$4,573$2,566$825
43 years$21,272$12,870$7,485$4,222$2,329$725
44 years$20,555$12,268$7,026$3,898$2,114$637
45 years$19,872$11,699$6,597$3,600$1,919$559
46 years$19,220$11,160$6,196$3,325$1,742$491
47 years$18,598$10,650$5,821$3,072$1,582$432
48 years$18,003$10,167$5,470$2,839$1,437$379
49 years$17,435$9,709$5,142$2,624$1,305$333
50 years$16,891$9,274$4,834$2,425$1,185$293

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 $4,397 every year, while hoping to spend $34,842 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: 85/5/10 Blend
65$17,300,000$17,300,000$17,300,000$17,300,000
66$19,069,136$18,152,236$17,884,086$20,662,045
67$20,977,116$19,004,623$18,446,131$22,555,894
68$23,078,542$19,897,611$19,025,837$24,631,157
69$25,393,110$20,833,150$19,623,758$26,910,188
70$27,942,520$21,813,288$20,240,468$29,413,482
71$30,750,689$22,840,171$20,876,556$32,163,612
72$33,843,970$23,916,049$21,532,630$35,185,445
73$37,251,401$25,043,282$22,209,320$38,506,371
74$41,004,984$26,224,342$22,907,272$42,156,562
75$45,139,981$27,461,824$23,627,154$46,169,254
76$49,695,251$28,758,446$24,369,656$50,581,059
77$54,713,615$30,117,058$25,135,488$55,432,312
78$60,242,260$31,540,650$25,925,383$60,767,444
79$66,333,184$33,032,355$26,740,097$66,635,405
80$73,043,688$34,595,460$27,580,409$73,090,122
81$80,436,916$36,233,409$28,447,125$80,191,006
82$88,582,451$37,949,815$29,341,073$88,003,510
83$97,556,970$39,748,466$30,263,108$96,599,746
84$107,444,973$41,633,332$31,214,114$106,059,163
85$118,339,573$43,608,579$32,195,000$116,469,294
86$130,343,382$45,678,571$33,206,704$127,926,581
87$143,569,474$47,847,888$34,250,196$140,537,282
88$158,142,456$50,121,331$35,326,473$154,418,470
89$174,199,642$52,503,932$36,436,566$169,699,140
90$191,892,351$55,000,970$37,581,537$186,521,416
91$211,387,334$57,617,980$38,762,481$205,041,900
92$232,868,346$60,360,766$39,980,528$225,433,136
93$256,537,886$63,235,412$41,236,845$247,885,244
94$282,619,104$66,248,300$42,532,632$272,607,708
95$311,357,908$69,406,122$43,869,131$299,831,350
96$343,025,287$72,715,895$45,247,619$329,810,506
97$377,919,869$76,184,976$46,669,417$362,825,422
98$416,370,736$79,821,081$48,135,883$399,184,896
99$458,740,538$83,632,300$49,648,422$439,229,192
100$505,428,910$87,627,120$51,208,481$483,333,241