Can I retire at age 66 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,396,457
2 years$727,677$714,125$700,990$688,256$675,903$652,855
3 years$480,299$466,688$453,587$440,972$428,821$406,382
4 years$356,634$343,065$330,095$317,696$305,839$284,181
5 years$282,455$268,967$256,167$244,021$232,494$211,680
6 years$233,018$219,632$207,021$195,145$183,964$164,019
7 years$197,720$184,447$172,036$160,440$149,612$130,541
8 years$171,259$158,105$145,900$134,589$124,118$105,918
9 years$150,688$137,659$125,664$114,640$104,525$87,186
10 years$134,242$121,339$109,556$98,821$89,061$72,568
11 years$120,794$108,021$96,452$86,004$76,595$60,932
12 years$109,596$96,954$85,598$75,437$66,376$51,522
13 years$100,128$87,618$76,477$66,599$57,881$43,816
14 years$92,019$79,643$68,715$59,119$50,738$37,437
15 years$84,998$72,755$62,040$52,724$44,674$32,113
16 years$78,861$66,751$56,248$47,209$39,483$27,636
17 years$73,451$61,475$51,184$42,417$35,008$23,849
18 years$68,648$56,806$46,724$38,226$31,128$20,629
19 years$64,355$52,647$42,774$34,540$27,745$17,880
20 years$60,497$48,922$39,256$31,283$24,782$15,523
21 years$57,010$45,569$36,108$28,391$22,177$13,497
22 years$53,845$42,537$33,279$25,814$19,879$11,750
23 years$50,959$39,784$30,727$23,510$17,844$10,241
24 years$48,317$37,275$28,417$21,442$16,039$8,933
25 years$45,891$34,981$26,320$19,582$14,433$7,799
26 years$43,655$32,876$24,411$17,905$13,000$6,814
27 years$41,588$30,941$22,667$16,389$11,721$5,957
28 years$39,672$29,155$21,072$15,016$10,576$5,211
29 years$37,892$27,505$19,610$13,770$9,550$4,560
30 years$36,233$25,975$18,266$12,637$8,629$3,992
31 years$34,684$24,555$17,028$11,606$7,801$3,496
32 years$33,235$23,234$15,888$10,666$7,057$3,063
33 years$31,877$22,003$14,835$9,809$6,386$2,684
34 years$30,602$20,854$13,861$9,025$5,782$2,352
35 years$29,401$19,780$12,959$8,308$5,237$2,062
36 years$28,271$18,774$12,122$7,651$4,745$1,808
37 years$27,203$17,831$11,346$7,050$4,301$1,586
38 years$26,195$16,946$10,625$6,498$3,899$1,391
39 years$25,240$16,114$9,955$5,991$3,536$1,220
40 years$24,335$15,331$9,331$5,526$3,207$1,070
41 years$23,477$14,593$8,749$5,099$2,909$939
42 years$22,662$13,898$8,207$4,705$2,640$824
43 years$21,887$13,242$7,701$4,344$2,396$723
44 years$21,149$12,623$7,229$4,011$2,175$634
45 years$20,446$12,037$6,788$3,704$1,974$557
46 years$19,775$11,483$6,375$3,421$1,793$489
47 years$19,135$10,958$5,989$3,161$1,628$429
48 years$18,524$10,461$5,628$2,921$1,478$376
49 years$17,939$9,990$5,290$2,699$1,343$330
50 years$17,379$9,542$4,974$2,495$1,220$290

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,800,000, adding $3,550 every year, while hoping to spend $39,447 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: 44/31/25 Blend
65$17,800,000$17,800,000$17,800,000$17,800,000
66$19,619,262$18,675,862$18,399,962$20,340,031
67$21,578,455$19,549,008$18,974,389$21,725,484
68$23,736,164$20,463,616$19,566,738$23,222,274
69$26,112,596$21,421,676$20,177,566$24,844,026
70$28,730,017$22,425,274$20,807,451$26,602,363
71$31,612,964$23,476,598$21,456,986$28,510,049
72$34,788,474$24,577,939$22,126,783$30,581,098
73$38,286,343$25,731,703$22,817,475$32,830,900
74$42,139,402$26,940,408$23,529,713$35,276,364
75$46,383,831$28,206,698$24,264,167$37,936,064
76$51,059,497$29,533,341$25,021,532$40,830,412
77$56,210,333$30,923,242$25,802,521$43,981,839
78$61,884,751$32,379,445$26,607,869$47,414,999
79$68,136,100$33,905,143$27,438,338$51,156,994
80$75,023,169$35,503,681$28,294,709$55,237,621
81$82,610,740$37,178,570$29,177,789$59,689,641
82$90,970,203$38,933,487$30,088,412$64,549,080
83$100,180,225$40,772,289$31,027,436$69,855,561
84$110,327,498$42,699,022$31,995,745$75,652,660
85$121,507,553$44,717,924$32,994,253$81,988,315
86$133,825,664$46,833,442$34,023,900$88,915,259
87$147,397,838$49,050,237$35,085,657$96,491,509
88$162,351,915$51,373,197$36,180,525$104,780,900
89$178,828,773$53,807,446$37,309,535$113,853,673
90$196,983,654$56,358,357$38,473,751$123,787,126
91$216,987,636$59,031,565$39,674,270$134,666,326
92$239,029,240$61,832,977$40,912,223$146,584,897
93$263,316,217$64,768,788$42,188,777$159,645,889
94$290,077,505$67,845,492$43,505,135$173,962,732
95$319,565,389$71,069,900$44,862,536$189,660,290
96$352,057,887$74,449,153$46,262,259$206,876,021
97$387,861,370$77,990,740$47,705,624$225,761,255
98$427,313,456$81,702,513$49,193,988$246,482,599
99$470,786,197$85,592,704$50,728,755$269,223,495
100$518,689,591$89,669,949$52,311,370$294,185,924