Can I retire at age 66 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,342,228
2 years$715,413$702,089$689,176$676,656$664,512$611,493
3 years$472,204$458,823$445,942$433,540$421,594$370,472
4 years$350,624$337,283$324,532$312,341$300,684$251,848
5 years$277,695$264,434$251,850$239,908$228,575$182,151
6 years$229,091$215,930$203,532$191,856$180,864$136,883
7 years$194,388$181,338$169,136$157,736$147,091$105,539
8 years$168,372$155,440$143,441$132,321$122,026$82,865
9 years$148,149$135,339$123,546$112,708$102,763$65,937
10 years$131,979$119,294$107,710$97,155$87,560$52,998
11 years$118,758$106,201$94,826$84,554$75,304$42,932
12 years$107,749$95,320$84,156$74,165$65,257$34,990
13 years$98,440$86,142$75,188$65,477$56,905$28,655
14 years$90,468$78,300$67,556$58,123$49,883$23,558
15 years$83,566$71,529$60,994$51,836$43,921$19,429
16 years$77,532$65,626$55,300$46,413$38,817$16,064
17 years$72,213$60,439$50,321$41,702$34,418$13,309
18 years$67,491$55,849$45,937$37,582$30,603$11,046
19 years$63,271$51,760$42,053$33,958$27,277$9,180
20 years$59,477$48,098$38,594$30,756$24,364$7,638
21 years$56,049$44,801$35,499$27,913$21,803$6,362
22 years$52,937$41,820$32,718$25,379$19,544$5,302
23 years$50,100$39,114$30,209$23,113$17,544$4,423
24 years$47,503$36,647$27,938$21,081$15,769$3,691
25 years$45,118$34,391$25,877$19,252$14,189$3,081
26 years$42,919$32,322$23,999$17,603$12,781$2,574
27 years$40,887$30,419$22,285$16,113$11,523$2,150
28 years$39,004$28,664$20,717$14,763$10,398$1,797
29 years$37,253$27,041$19,279$13,538$9,389$1,502
30 years$35,622$25,537$17,958$12,424$8,483$1,256
31 years$34,100$24,141$16,741$11,411$7,670$1,050
32 years$32,675$22,843$15,620$10,487$6,938$878
33 years$31,340$21,632$14,585$9,643$6,279$734
34 years$30,086$20,502$13,627$8,873$5,685$614
35 years$28,906$19,446$12,740$8,168$5,149$514
36 years$27,794$18,457$11,918$7,522$4,665$430
37 years$26,745$17,530$11,155$6,931$4,228$360
38 years$25,753$16,660$10,446$6,388$3,833$301
39 years$24,815$15,842$9,787$5,890$3,476$252
40 years$23,925$15,072$9,173$5,433$3,153$211
41 years$23,082$14,347$8,602$5,013$2,860$176
42 years$22,280$13,664$8,069$4,626$2,596$147
43 years$21,518$13,019$7,571$4,270$2,356$123
44 years$20,792$12,410$7,107$3,943$2,138$103
45 years$20,101$11,834$6,673$3,641$1,941$86
46 years$19,442$11,289$6,268$3,364$1,762$72
47 years$18,813$10,773$5,888$3,108$1,600$60
48 years$18,211$10,285$5,534$2,872$1,453$51
49 years$17,636$9,821$5,201$2,654$1,320$42
50 years$17,086$9,382$4,890$2,453$1,199$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,500,000, adding $5,358 every year, while hoping to spend $48,017 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: 87/7/6 Blend
65$17,500,000$17,500,000$17,500,000$17,500,000
66$19,290,527$18,363,027$18,091,777$20,964,347
67$21,207,071$19,211,725$18,646,762$22,903,881
68$23,317,493$20,100,401$19,218,729$25,028,102
69$25,641,518$21,030,961$19,808,197$27,361,279
70$28,200,882$22,005,407$20,415,701$29,924,429
71$31,019,534$23,025,835$21,041,789$32,740,704
72$34,123,867$24,094,441$21,687,029$35,835,602
73$37,542,963$25,213,530$22,352,006$39,237,213
74$41,308,868$26,385,515$23,037,321$42,976,475
75$45,456,895$27,612,929$23,743,595$47,087,468
76$50,025,959$28,898,423$24,471,466$51,607,736
77$55,058,940$30,244,779$25,221,593$56,578,635
78$60,603,091$31,654,912$25,994,655$62,045,724
79$66,710,481$33,131,878$26,791,351$68,059,193
80$73,438,490$34,678,880$27,612,401$74,674,335
81$80,850,348$36,299,277$28,458,549$81,952,061
82$89,015,731$37,996,588$29,330,557$89,959,481
83$98,011,420$39,774,506$30,229,216$98,770,528
84$107,922,026$41,636,898$31,155,336$108,466,656
85$118,840,788$43,587,821$32,109,754$119,137,605
86$130,870,451$45,631,526$33,093,333$130,882,250
87$144,124,238$47,772,472$34,106,961$143,809,524
88$158,726,919$50,015,332$35,151,553$158,039,448
89$174,815,986$52,365,006$36,228,052$173,704,262
90$192,542,955$54,826,629$37,337,430$190,949,666
91$212,074,790$57,405,588$38,480,688$209,936,193
92$233,595,485$60,107,527$39,658,857$230,840,724
93$257,307,796$62,938,368$40,873,000$253,858,152
94$283,435,159$65,904,315$42,124,213$279,203,217
95$312,223,794$69,011,876$43,413,623$307,112,527
96$343,945,035$72,267,872$44,742,393$337,846,796
97$378,897,886$75,679,455$46,111,722$371,693,290
98$417,411,848$79,254,126$47,522,842$408,968,542
99$459,850,025$82,999,747$48,977,025$450,021,331
100$506,612,554$86,924,561$50,475,582$495,235,972