Can I retire at age 66 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,366,766
2 years$711,325$698,077$685,238$672,789$660,714$639,872
3 years$469,506$456,201$443,394$431,063$419,184$398,881
4 years$348,620$335,356$322,677$310,556$298,966$279,359
5 years$276,108$262,923$250,411$238,537$227,269$208,416
6 years$227,782$214,697$202,369$190,760$179,830$161,752
7 years$193,277$180,302$168,170$156,834$146,250$128,953
8 years$167,410$154,552$142,621$131,564$121,329$104,810
9 years$147,302$134,565$122,840$112,064$102,176$86,428
10 years$131,225$118,613$107,094$96,600$87,059$72,070
11 years$118,079$105,594$94,284$84,071$74,874$60,627
12 years$107,133$94,775$83,675$73,741$64,884$51,364
13 years$97,878$85,649$74,758$65,103$56,580$43,767
14 years$89,951$77,853$67,170$57,791$49,598$37,471
15 years$83,088$71,120$60,646$51,539$43,670$32,207
16 years$77,089$65,251$54,984$46,148$38,596$27,775
17 years$71,800$60,094$50,034$41,463$34,221$24,021
18 years$67,105$55,529$45,674$37,367$30,428$20,823
19 years$62,909$51,464$41,813$33,764$27,121$18,087
20 years$59,137$47,823$38,373$30,580$24,225$15,739
21 years$55,729$44,545$35,296$27,753$21,679$13,715
22 years$52,635$41,581$32,531$25,234$19,432$11,968
23 years$49,814$38,890$30,036$22,981$17,443$10,454
24 years$47,232$36,438$27,779$20,960$15,678$9,141
25 years$44,860$34,195$25,729$19,142$14,108$8,000
26 years$42,674$32,138$23,862$17,502$12,708$7,006
27 years$40,654$30,245$22,158$16,020$11,457$6,139
28 years$38,781$28,500$20,599$14,678$10,338$5,383
29 years$37,040$26,886$19,169$13,460$9,335$4,722
30 years$35,419$25,391$17,855$12,353$8,435$4,144
31 years$33,905$24,003$16,646$11,345$7,626$3,639
32 years$32,489$22,712$15,531$10,427$6,898$3,195
33 years$31,161$21,509$14,501$9,588$6,243$2,807
34 years$29,914$20,385$13,549$8,822$5,652$2,467
35 years$28,741$19,335$12,667$8,121$5,119$2,168
36 years$27,635$18,352$11,850$7,479$4,639$1,906
37 years$26,592$17,430$11,091$6,891$4,204$1,675
38 years$25,606$16,565$10,387$6,352$3,811$1,473
39 years$24,673$15,751$9,731$5,857$3,456$1,296
40 years$23,789$14,986$9,121$5,402$3,135$1,140
41 years$22,950$14,266$8,553$4,984$2,844$1,002
42 years$22,153$13,586$8,023$4,600$2,581$882
43 years$21,395$12,945$7,528$4,246$2,342$776
44 years$20,674$12,339$7,066$3,920$2,126$683
45 years$19,986$11,766$6,635$3,621$1,930$601
46 years$19,331$11,225$6,232$3,344$1,752$529
47 years$18,705$10,712$5,855$3,090$1,591$465
48 years$18,107$10,226$5,502$2,855$1,445$409
49 years$17,536$9,765$5,171$2,639$1,312$360
50 years$16,988$9,328$4,862$2,439$1,192$317

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,400,000, adding $6,128 every year, while hoping to spend $56,984 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: 88/5/7 Blend
65$17,400,000$17,400,000$17,400,000$17,400,000
66$19,181,121$18,258,921$17,989,221$20,859,597
67$21,076,965$19,092,978$18,531,229$22,787,399
68$23,164,275$19,965,993$19,089,485$24,897,946
69$25,462,520$20,879,816$19,664,473$27,216,406
70$27,993,155$21,836,385$20,256,690$29,763,723
71$30,779,818$22,837,729$20,866,650$32,562,963
72$33,848,559$23,885,977$21,494,882$35,639,540
73$37,228,081$24,983,359$22,141,930$39,021,445
74$40,950,014$26,132,212$22,808,353$42,739,513
75$45,049,211$27,334,986$23,494,729$46,827,717
76$49,564,079$28,594,249$24,201,650$51,323,476
77$54,536,938$29,912,690$24,929,729$56,268,020
78$60,014,424$31,293,131$25,679,594$61,706,767
79$66,047,928$32,738,527$26,451,892$67,689,755
80$72,694,078$34,251,976$27,247,292$74,272,111
81$80,015,278$35,836,726$28,066,480$81,514,572
82$88,080,291$37,496,181$28,910,162$89,484,052
83$96,964,894$39,233,907$29,779,066$98,254,277
84$106,752,591$41,053,646$30,673,942$107,906,475
85$117,535,396$42,959,315$31,595,560$118,530,141
86$129,414,710$44,955,025$32,544,715$130,223,882
87$142,502,271$47,045,082$33,522,223$143,096,342
88$156,921,211$49,234,000$34,528,927$157,267,228
89$172,807,221$51,526,512$35,565,692$172,868,438
90$190,309,825$53,927,579$36,633,410$190,045,301
91$209,593,797$56,442,400$37,732,999$208,957,946
92$230,840,714$59,076,427$38,865,404$229,782,815
93$254,250,669$61,835,375$40,031,598$252,714,321
94$280,044,163$64,725,233$41,232,581$277,966,682
95$308,464,180$67,752,282$42,469,385$305,775,940
96$339,778,488$70,923,105$43,743,071$336,402,188
97$374,282,160$74,244,604$45,054,731$370,132,018
98$412,300,364$77,724,014$46,405,488$407,281,225
99$454,191,430$81,368,919$47,796,501$448,197,785
100$500,350,232$85,187,273$49,228,960$493,265,136