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%16%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,368,965
2 years$719,501$706,101$693,114$680,522$668,309$633,780
3 years$474,902$461,445$448,491$436,017$424,003$390,508
4 years$352,627$339,211$326,386$314,126$302,402$270,200
5 years$279,281$265,945$253,289$241,279$229,881$199,060
6 years$230,400$217,164$204,695$192,953$181,897$152,489
7 years$195,499$182,374$170,103$158,637$147,931$119,939
8 years$169,334$156,328$144,261$133,077$122,723$96,135
9 years$148,995$136,112$124,252$113,352$103,351$78,144
10 years$132,733$119,976$108,325$97,710$88,060$64,206
11 years$119,437$106,808$95,368$85,037$75,735$53,199
12 years$108,364$95,865$84,637$74,589$65,630$44,375
13 years$99,003$86,634$75,617$65,851$57,231$37,214
14 years$90,985$78,748$67,942$58,455$50,168$31,347
15 years$84,043$71,937$61,343$52,132$44,172$26,500
16 years$77,975$66,001$55,616$46,678$39,039$22,470
17 years$72,626$60,785$50,609$41,940$34,615$19,100
18 years$67,876$56,168$46,199$37,796$30,778$16,270
19 years$63,632$52,056$42,293$34,152$27,433$13,884
20 years$59,817$48,373$38,815$30,932$24,504$11,865
21 years$56,369$45,057$35,702$28,072$21,928$10,152
22 years$53,240$42,059$32,905$25,524$19,655$8,697
23 years$50,386$39,337$30,382$23,245$17,644$7,456
24 years$47,775$36,856$28,098$21,201$15,859$6,398
25 years$45,376$34,588$26,024$19,362$14,270$5,493
26 years$43,165$32,507$24,136$17,704$12,854$4,719
27 years$41,121$30,593$22,413$16,205$11,589$4,056
28 years$39,227$28,828$20,835$14,847$10,457$3,488
29 years$37,466$27,196$19,389$13,615$9,443$3,000
30 years$35,826$25,683$18,060$12,495$8,532$2,581
31 years$34,295$24,279$16,837$11,476$7,714$2,222
32 years$32,862$22,973$15,709$10,547$6,978$1,913
33 years$31,519$21,756$14,668$9,698$6,315$1,647
34 years$30,258$20,620$13,705$8,923$5,717$1,418
35 years$29,071$19,557$12,813$8,214$5,178$1,222
36 years$27,953$18,563$11,986$7,565$4,692$1,052
37 years$26,898$17,630$11,219$6,970$4,252$906
38 years$25,900$16,755$10,506$6,425$3,855$781
39 years$24,956$15,933$9,843$5,924$3,496$673
40 years$24,062$15,159$9,226$5,464$3,171$580
41 years$23,213$14,429$8,651$5,041$2,877$500
42 years$22,407$13,742$8,115$4,652$2,610$431
43 years$21,641$13,093$7,615$4,295$2,369$371
44 years$20,911$12,481$7,148$3,966$2,150$320
45 years$20,216$11,902$6,711$3,662$1,952$276
46 years$19,553$11,354$6,304$3,383$1,772$238
47 years$18,920$10,835$5,922$3,125$1,610$205
48 years$18,315$10,343$5,565$2,888$1,462$177
49 years$17,737$9,877$5,231$2,669$1,328$152
50 years$17,184$9,435$4,918$2,467$1,206$131

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 $3,762 every year, while hoping to spend $40,736 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: 59/16/25 Blend
65$17,600,000$17,600,000$17,600,000$17,600,000
66$19,399,081$18,466,281$18,193,481$20,412,719
67$21,334,444$19,327,785$18,759,619$21,965,532
68$23,465,849$20,230,139$19,343,358$23,653,708
69$25,813,249$21,175,299$19,945,245$25,494,196
70$28,398,632$22,165,320$20,565,841$27,501,783
71$31,246,225$23,202,353$21,205,729$29,692,732
72$34,382,726$24,288,655$21,865,508$32,084,936
73$37,837,557$25,426,592$22,545,795$34,698,080
74$41,643,136$26,618,643$23,247,228$37,553,824
75$45,835,188$27,867,408$23,970,461$40,676,000
76$50,453,079$29,175,613$24,716,174$44,090,836
77$55,540,190$30,546,115$25,485,063$47,827,199
78$61,144,324$31,981,910$26,277,848$51,916,857
79$67,318,160$33,486,139$27,095,270$56,394,780
80$74,119,747$35,062,094$27,938,096$61,299,460
81$81,613,052$36,713,227$28,807,113$66,673,271
82$89,868,566$38,443,158$29,703,134$72,562,864
83$98,963,969$40,255,682$30,626,998$79,019,596
84$108,984,860$42,154,777$31,579,569$86,100,016
85$120,025,570$44,144,614$32,561,738$93,866,383
86$132,190,045$46,229,568$33,574,424$102,387,255
87$145,592,836$48,414,223$34,618,574$111,738,124
88$160,360,173$50,703,387$35,695,163$122,002,122
89$176,631,159$53,102,102$36,805,200$133,270,798
90$194,559,085$55,615,653$37,949,722$145,644,974
91$214,312,873$58,249,581$39,129,799$159,235,686
92$236,078,674$61,009,698$40,346,535$174,165,226
93$260,061,621$63,902,096$41,601,067$190,568,285
94$286,487,772$66,933,164$42,894,567$208,593,215
95$315,606,235$70,109,600$44,228,246$228,403,421
96$347,691,528$73,438,427$45,603,349$250,178,888
97$383,046,165$76,927,011$47,021,162$274,117,874
98$422,003,513$80,583,074$48,483,011$300,438,765
99$464,930,940$84,414,713$49,990,260$329,382,130
100$512,233,280$88,430,419$51,544,318$361,212,973