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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,361,250
2 years$719,501$706,101$693,114$680,522$668,309$626,150
3 years$474,902$461,445$448,491$436,017$424,003$383,205
4 years$352,627$339,211$326,386$314,126$302,402$263,279
5 years$279,281$265,945$253,289$241,279$229,881$192,538
6 years$230,400$217,164$204,695$192,953$181,897$146,368
7 years$195,499$182,374$170,103$158,637$147,931$114,214
8 years$169,334$156,328$144,261$133,077$122,723$90,797
9 years$148,995$136,112$124,252$113,352$103,351$73,182
10 years$132,733$119,976$108,325$97,710$88,060$59,606
11 years$119,437$106,808$95,368$85,037$75,735$48,946
12 years$108,364$95,865$84,637$74,589$65,630$40,453
13 years$99,003$86,634$75,617$65,851$57,231$33,607
14 years$90,985$78,748$67,942$58,455$50,168$28,036
15 years$84,043$71,937$61,343$52,132$44,172$23,469
16 years$77,975$66,001$55,616$46,678$39,039$19,701
17 years$72,626$60,785$50,609$41,940$34,615$16,577
18 years$67,876$56,168$46,199$37,796$30,778$13,975
19 years$63,632$52,056$42,293$34,152$27,433$11,801
20 years$59,817$48,373$38,815$30,932$24,504$9,978
21 years$56,369$45,057$35,702$28,072$21,928$8,446
22 years$53,240$42,059$32,905$25,524$19,655$7,157
23 years$50,386$39,337$30,382$23,245$17,644$6,069
24 years$47,775$36,856$28,098$21,201$15,859$5,150
25 years$45,376$34,588$26,024$19,362$14,270$4,372
26 years$43,165$32,507$24,136$17,704$12,854$3,714
27 years$41,121$30,593$22,413$16,205$11,589$3,156
28 years$39,227$28,828$20,835$14,847$10,457$2,683
29 years$37,466$27,196$19,389$13,615$9,443$2,282
30 years$35,826$25,683$18,060$12,495$8,532$1,941
31 years$34,295$24,279$16,837$11,476$7,714$1,651
32 years$32,862$22,973$15,709$10,547$6,978$1,405
33 years$31,519$21,756$14,668$9,698$6,315$1,196
34 years$30,258$20,620$13,705$8,923$5,717$1,018
35 years$29,071$19,557$12,813$8,214$5,178$866
36 years$27,953$18,563$11,986$7,565$4,692$738
37 years$26,898$17,630$11,219$6,970$4,252$628
38 years$25,900$16,755$10,506$6,425$3,855$535
39 years$24,956$15,933$9,843$5,924$3,496$455
40 years$24,062$15,159$9,226$5,464$3,171$388
41 years$23,213$14,429$8,651$5,041$2,877$330
42 years$22,407$13,742$8,115$4,652$2,610$281
43 years$21,641$13,093$7,615$4,295$2,369$239
44 years$20,911$12,481$7,148$3,966$2,150$204
45 years$20,216$11,902$6,711$3,662$1,952$174
46 years$19,553$11,354$6,304$3,383$1,772$148
47 years$18,920$10,835$5,922$3,125$1,610$126
48 years$18,315$10,343$5,565$2,888$1,462$107
49 years$17,737$9,877$5,231$2,669$1,328$91
50 years$17,184$9,435$4,918$2,467$1,206$78

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 $6,135 every year, while hoping to spend $46,977 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: 36/49/15 Blend
65$17,600,000$17,600,000$17,600,000$17,600,000
66$19,401,528$18,468,728$18,195,928$20,010,493
67$21,330,501$19,323,713$18,755,509$21,305,677
68$23,454,654$20,219,017$19,332,261$22,698,081
69$25,793,847$21,156,567$19,926,710$24,200,257
70$28,369,963$22,138,382$20,539,397$25,822,009
71$31,207,114$23,166,578$21,170,882$27,574,076
72$34,331,873$24,243,373$21,821,740$29,468,230
73$37,773,518$25,371,092$22,492,562$31,517,373
74$41,564,314$26,552,173$23,183,960$33,735,654
75$45,739,816$27,789,171$23,896,564$36,138,589
76$50,339,200$29,084,764$24,631,023$38,743,196
77$55,405,641$30,441,760$25,388,004$41,568,152
78$60,986,711$31,863,101$26,168,198$44,633,948
79$67,134,836$33,351,874$26,972,313$47,963,080
80$73,907,786$34,911,312$27,801,081$51,580,241
81$81,369,220$36,544,806$28,655,257$55,512,547
82$89,589,290$38,255,910$29,535,618$59,789,776
83$98,645,300$40,048,352$30,442,963$64,444,636
84$108,622,436$41,926,038$31,378,119$69,513,057
85$119,614,573$43,893,062$32,341,934$75,034,519
86$131,725,157$45,953,719$33,335,286$81,052,403
87$145,068,182$48,112,510$34,359,077$87,614,388
88$159,769,267$50,374,154$35,414,237$94,772,879
89$175,966,844$52,743,599$36,501,725$102,585,486
90$193,813,458$55,226,032$37,622,529$111,115,548
91$213,477,214$57,826,890$38,777,667$120,432,707
92$235,143,358$60,551,877$39,968,188$130,613,548
93$259,016,031$63,406,969$41,195,172$141,742,299
94$285,320,190$66,398,434$42,459,734$153,911,598
95$314,303,735$69,532,844$43,763,022$167,223,350
96$346,239,851$72,817,087$45,106,217$181,789,655
97$381,429,579$76,258,388$46,490,539$197,733,846
98$420,204,668$79,864,321$47,917,244$215,191,622
99$462,930,698$83,642,826$49,387,625$234,312,299
100$510,010,535$87,602,230$50,903,016$255,260,188