Can I retire at age 66 with 17,700,000?

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 $17,700,000?

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$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,357,568
2 years$723,589$710,113$697,052$684,389$672,106$618,482
3 years$477,601$464,066$451,039$438,495$426,412$374,706
4 years$354,631$341,138$328,241$315,911$304,120$254,726
5 years$280,868$267,456$254,728$242,650$231,188$184,233
6 years$231,709$218,398$205,858$194,049$182,931$138,447
7 years$196,609$183,410$171,069$159,538$148,772$106,746
8 years$170,296$157,217$145,080$133,833$123,420$83,812
9 years$149,842$136,885$124,958$113,996$103,938$66,690
10 years$133,487$120,658$108,941$98,265$88,560$53,604
11 years$120,115$107,415$95,910$85,520$76,165$43,422
12 years$108,980$96,409$85,118$75,013$66,003$35,389
13 years$99,565$87,126$76,047$66,225$57,556$28,982
14 years$91,502$79,195$68,328$58,787$50,453$23,827
15 years$84,521$72,346$61,691$52,428$44,423$19,651
16 years$78,418$66,376$55,932$46,944$39,261$16,247
17 years$73,038$61,130$50,896$42,178$34,812$13,461
18 years$68,262$56,487$46,462$38,011$30,953$11,172
19 years$63,994$52,351$42,533$34,346$27,589$9,285
20 years$60,157$48,648$39,035$31,107$24,643$7,726
21 years$56,690$45,313$35,905$28,232$22,053$6,434
22 years$53,542$42,298$33,092$25,669$19,767$5,363
23 years$50,673$39,561$30,554$23,377$17,744$4,473
24 years$48,046$37,066$28,258$21,322$15,949$3,733
25 years$45,633$34,784$26,172$19,472$14,351$3,117
26 years$43,410$32,692$24,273$17,804$12,927$2,603
27 years$41,355$30,767$22,540$16,297$11,655$2,175
28 years$39,449$28,991$20,954$14,931$10,517$1,817
29 years$37,679$27,350$19,499$13,692$9,496$1,519
30 years$36,030$25,829$18,163$12,566$8,580$1,270
31 years$34,490$24,417$16,933$11,541$7,757$1,062
32 years$33,049$23,104$15,799$10,606$7,017$888
33 years$31,698$21,879$14,751$9,753$6,351$743
34 years$30,430$20,737$13,783$8,974$5,750$621
35 years$29,236$19,669$12,886$8,261$5,208$520
36 years$28,112$18,668$12,054$7,608$4,718$435
37 years$27,050$17,731$11,283$7,010$4,277$364
38 years$26,047$16,850$10,566$6,461$3,877$304
39 years$25,098$16,023$9,899$5,958$3,516$255
40 years$24,199$15,245$9,278$5,495$3,189$213
41 years$23,345$14,511$8,700$5,070$2,893$178
42 years$22,535$13,820$8,161$4,679$2,625$149
43 years$21,764$13,168$7,658$4,319$2,383$125
44 years$21,030$12,552$7,188$3,988$2,163$104
45 years$20,331$11,969$6,750$3,683$1,963$87
46 years$19,664$11,418$6,339$3,402$1,783$73
47 years$19,028$10,896$5,956$3,143$1,619$61
48 years$18,419$10,402$5,597$2,904$1,470$51
49 years$17,838$9,933$5,261$2,684$1,335$43
50 years$17,281$9,489$4,946$2,481$1,213$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,700,000, adding $4,778 every year, while hoping to spend $49,740 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: 77/10/13 Blend
65$17,700,000$17,700,000$17,700,000$17,700,000
66$19,510,329$18,572,229$18,297,879$20,961,500
67$21,447,459$19,429,345$18,857,934$22,775,469
68$23,580,510$20,326,793$19,435,085$24,757,280
69$25,929,412$21,266,496$20,029,851$26,929,053
70$28,516,129$22,250,471$20,642,768$29,309,709
71$31,364,861$23,280,831$21,274,387$31,920,079
72$34,502,277$24,359,791$21,925,279$34,783,100
73$37,957,762$25,489,674$22,596,029$37,924,032
74$41,763,698$26,672,913$23,287,241$41,370,687
75$45,955,769$27,912,059$23,999,537$45,153,696
76$50,573,295$29,209,787$24,733,559$49,306,790
77$55,659,604$30,568,900$25,489,966$53,867,119
78$61,262,444$31,992,337$26,269,440$58,875,597
79$67,434,429$33,483,176$27,072,682$64,377,287
80$74,233,537$35,044,649$27,900,413$70,421,823
81$81,723,659$36,680,138$28,753,379$77,063,873
82$89,975,201$38,393,193$29,632,345$84,363,655
83$99,065,745$40,187,533$30,538,102$92,387,498
84$109,080,786$42,067,057$31,471,464$101,208,465
85$120,114,537$44,035,854$32,433,269$110,907,042
86$132,270,817$46,098,208$33,424,381$121,571,890
87$145,664,033$48,258,613$34,445,690$133,300,678
88$160,420,257$50,521,777$35,498,113$146,201,000
89$176,678,418$52,892,640$36,582,595$160,391,390
90$194,591,614$55,376,376$37,700,108$176,002,430
91$214,328,553$57,978,413$38,851,657$193,177,981
92$236,075,151$60,704,440$40,038,273$212,076,535
93$260,036,282$63,560,424$41,261,020$232,872,706
94$286,437,715$66,552,616$42,520,996$255,758,871
95$315,528,242$69,687,575$43,819,330$280,946,980
96$347,582,030$72,972,174$45,157,185$308,670,552
97$382,901,207$76,413,620$46,535,761$339,186,872
98$421,818,713$80,019,470$47,956,291$372,779,413
99$464,701,444$83,797,646$49,420,050$409,760,502
100$511,953,716$87,756,456$50,928,346$450,474,267