Can I retire at age 66 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,376,238
2 years$719,501$706,101$693,114$680,522$668,309$641,005
3 years$474,902$461,445$448,491$436,017$424,003$397,457
4 years$352,627$339,211$326,386$314,126$302,402$276,819
5 years$279,281$265,945$253,289$241,279$229,881$205,334
6 years$230,400$217,164$204,695$192,953$181,897$158,412
7 years$195,499$182,374$170,103$158,637$147,931$125,514
8 years$169,334$156,328$144,261$133,077$122,723$101,368
9 years$148,995$136,112$124,252$113,352$103,351$83,044
10 years$132,733$119,976$108,325$97,710$88,060$68,783
11 years$119,437$106,808$95,368$85,037$75,735$57,464
12 years$108,364$95,865$84,637$74,589$65,630$48,339
13 years$99,003$86,634$75,617$65,851$57,231$40,892
14 years$90,985$78,748$67,942$58,455$50,168$34,751
15 years$84,043$71,937$61,343$52,132$44,172$29,645
16 years$77,975$66,001$55,616$46,678$39,039$25,369
17 years$72,626$60,785$50,609$41,940$34,615$21,768
18 years$67,876$56,168$46,199$37,796$30,778$18,720
19 years$63,632$52,056$42,293$34,152$27,433$16,129
20 years$59,817$48,373$38,815$30,932$24,504$13,920
21 years$56,369$45,057$35,702$28,072$21,928$12,030
22 years$53,240$42,059$32,905$25,524$19,655$10,409
23 years$50,386$39,337$30,382$23,245$17,644$9,015
24 years$47,775$36,856$28,098$21,201$15,859$7,815
25 years$45,376$34,588$26,024$19,362$14,270$6,780
26 years$43,165$32,507$24,136$17,704$12,854$5,886
27 years$41,121$30,593$22,413$16,205$11,589$5,113
28 years$39,227$28,828$20,835$14,847$10,457$4,443
29 years$37,466$27,196$19,389$13,615$9,443$3,863
30 years$35,826$25,683$18,060$12,495$8,532$3,359
31 years$34,295$24,279$16,837$11,476$7,714$2,923
32 years$32,862$22,973$15,709$10,547$6,978$2,543
33 years$31,519$21,756$14,668$9,698$6,315$2,214
34 years$30,258$20,620$13,705$8,923$5,717$1,927
35 years$29,071$19,557$12,813$8,214$5,178$1,678
36 years$27,953$18,563$11,986$7,565$4,692$1,462
37 years$26,898$17,630$11,219$6,970$4,252$1,273
38 years$25,900$16,755$10,506$6,425$3,855$1,109
39 years$24,956$15,933$9,843$5,924$3,496$966
40 years$24,062$15,159$9,226$5,464$3,171$842
41 years$23,213$14,429$8,651$5,041$2,877$734
42 years$22,407$13,742$8,115$4,652$2,610$639
43 years$21,641$13,093$7,615$4,295$2,369$557
44 years$20,911$12,481$7,148$3,966$2,150$486
45 years$20,216$11,902$6,711$3,662$1,952$423
46 years$19,553$11,354$6,304$3,383$1,772$369
47 years$18,920$10,835$5,922$3,125$1,610$322
48 years$18,315$10,343$5,565$2,888$1,462$280
49 years$17,737$9,877$5,231$2,669$1,328$244
50 years$17,184$9,435$4,918$2,467$1,206$213

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,600,000, adding $3,041 every year, while hoping to spend $52,303 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: 39/41/20 Blend
65$17,600,000$17,600,000$17,600,000$17,600,000
66$19,398,337$18,465,537$18,192,737$20,039,090
67$21,321,317$19,314,698$18,746,543$21,349,149
68$23,438,689$20,203,715$19,317,150$22,759,572
69$25,770,224$21,134,486$19,905,063$24,283,576
70$28,337,710$22,109,000$20,510,806$25,931,490
71$31,165,156$23,129,341$21,134,918$27,714,640
72$34,279,018$24,197,694$21,777,953$29,645,451
73$37,708,446$25,316,349$22,440,483$31,737,554
74$41,485,564$26,487,707$23,123,096$34,005,910
75$45,645,770$27,714,283$23,826,398$36,466,939
76$50,228,071$28,998,715$24,551,015$39,138,670
77$55,275,449$30,343,767$25,297,589$42,040,896
78$60,835,269$31,752,336$26,066,782$45,195,359
79$66,959,725$33,227,459$26,859,278$48,625,936
80$73,706,332$34,772,320$27,675,779$52,358,862
81$81,138,470$36,390,255$28,517,010$56,422,961
82$89,325,980$38,084,763$29,383,715$60,849,908
83$98,345,824$39,859,511$30,276,664$65,674,517
84$108,282,813$41,718,342$31,196,647$70,935,053
85$119,230,405$43,665,286$32,144,480$76,673,585
86$131,291,588$45,704,567$33,121,002$82,936,365
87$144,579,852$47,840,612$34,127,077$89,774,253
88$159,220,259$50,078,064$35,163,596$97,243,179
89$175,350,625$52,421,789$36,231,477$105,404,655
90$193,122,821$54,876,889$37,331,663$114,326,342
91$212,704,202$57,448,710$38,465,128$124,082,668
92$234,279,195$60,142,861$39,632,873$134,755,515
93$258,051,031$62,965,219$40,835,933$146,434,968
94$284,243,668$65,921,947$42,075,368$159,220,151
95$313,103,903$69,019,504$43,352,274$173,220,138
96$344,903,706$72,264,664$44,667,780$188,554,960
97$379,942,779$75,664,527$46,023,045$205,356,721
98$418,551,393$79,226,539$47,419,268$223,770,812
99$461,093,500$82,958,505$48,857,679$243,957,265
100$507,970,173$86,868,608$50,339,547$266,092,235