Can I retire at age 67 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,330,614
2 years$699,060$686,041$673,423$661,189$649,323$616,310
3 years$461,411$448,335$435,749$423,630$411,957$379,928
4 years$342,609$329,574$317,114$305,202$293,811$263,012
5 years$271,347$258,390$246,093$234,424$223,351$193,867
6 years$223,855$210,995$198,880$187,471$176,730$148,591
7 years$189,945$177,193$165,270$154,130$143,729$116,939
8 years$164,524$151,887$140,162$129,296$119,237$93,785
9 years$144,762$132,245$120,722$110,132$100,415$76,280
10 years$128,962$116,568$105,248$94,934$85,558$62,714
11 years$116,044$103,773$92,659$82,621$73,583$51,996
12 years$105,286$93,141$82,232$72,470$63,765$43,399
13 years$96,190$84,173$73,469$63,980$55,605$36,421
14 years$88,400$76,511$66,012$56,794$48,743$30,699
15 years$81,655$69,894$59,600$50,651$42,917$25,971
16 years$75,759$64,126$54,036$45,352$37,930$22,037
17 years$70,563$59,058$49,171$40,749$33,631$18,746
18 years$65,948$54,572$44,887$36,723$29,904$15,980
19 years$61,824$50,577$41,092$33,182$26,654$13,646
20 years$58,117$46,998$37,712$30,053$23,808$11,671
21 years$54,768$43,777$34,688$27,275$21,305$9,994
22 years$51,727$40,864$31,970$24,799$19,097$8,567
23 years$48,955$38,220$29,519$22,585$17,143$7,351
24 years$46,417$35,809$27,300$20,599$15,408$6,313
25 years$44,086$33,605$25,285$18,812$13,865$5,424
26 years$41,938$31,584$23,451$17,201$12,489$4,664
27 years$39,953$29,724$21,776$15,744$11,260$4,012
28 years$38,112$28,009$20,244$14,425$10,160$3,453
29 years$36,402$26,423$18,838$13,228$9,174$2,972
30 years$34,808$24,954$17,547$12,140$8,290$2,560
31 years$33,320$23,589$16,359$11,150$7,495$2,205
32 years$31,928$22,320$15,263$10,247$6,779$1,900
33 years$30,624$21,138$14,251$9,423$6,135$1,637
34 years$29,398$20,034$13,315$8,670$5,555$1,411
35 years$28,245$19,002$12,449$7,981$5,031$1,216
36 years$27,159$18,035$11,646$7,350$4,559$1,049
37 years$26,133$17,130$10,900$6,772$4,132$904
38 years$25,164$16,279$10,208$6,242$3,746$780
39 years$24,247$15,480$9,563$5,756$3,397$672
40 years$23,378$14,728$8,964$5,309$3,081$580
41 years$22,554$14,020$8,405$4,898$2,795$500
42 years$21,771$13,352$7,884$4,520$2,536$431
43 years$21,026$12,722$7,398$4,173$2,302$372
44 years$20,317$12,126$6,945$3,853$2,089$321
45 years$19,642$11,564$6,521$3,558$1,897$277
46 years$18,998$11,031$6,125$3,287$1,722$239
47 years$18,383$10,527$5,754$3,037$1,564$206
48 years$17,795$10,049$5,407$2,806$1,420$178
49 years$17,233$9,597$5,082$2,593$1,290$153
50 years$16,696$9,167$4,778$2,397$1,172$132

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $17,100,000, adding $3,814 every year, while hoping to spend $49,507 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: 50/37/13 Blend
66$17,100,000$17,100,000$17,100,000$17,100,000
67$18,848,134$17,941,834$17,676,784$19,723,761
68$20,717,969$18,768,309$18,216,281$21,151,464
69$22,776,867$19,633,622$18,772,192$22,696,582
70$25,044,062$20,539,623$19,345,015$24,374,540
71$27,540,745$21,488,254$19,935,262$26,197,837
72$30,290,268$22,481,546$20,543,461$28,180,199
73$33,318,365$23,521,631$21,170,156$30,336,706
74$36,653,390$24,610,742$21,815,908$32,683,924
75$40,326,589$25,751,222$22,481,294$35,240,056
76$44,372,392$26,945,523$23,166,908$38,025,105
77$48,828,741$28,196,218$23,873,365$41,061,058
78$53,737,444$29,506,004$24,601,294$44,372,082
79$59,144,572$30,877,707$25,351,346$47,984,749
80$65,100,893$32,314,290$26,124,191$51,928,269
81$71,662,352$33,818,858$26,920,519$56,234,769
82$78,890,596$35,394,666$27,741,041$60,939,573
83$86,853,560$37,045,128$28,586,488$66,081,538
84$95,626,104$38,773,820$29,457,616$71,703,402
85$105,290,722$40,584,492$30,355,202$77,852,178
86$115,938,320$42,481,076$31,280,045$84,579,590
87$127,669,073$44,467,694$32,232,971$91,942,544
88$140,593,372$46,548,664$33,214,829$100,003,657
89$154,832,863$48,728,517$34,226,494$108,831,832
90$170,521,601$51,011,999$35,268,867$118,502,896
91$187,807,307$53,404,090$36,342,877$129,100,302
92$206,852,769$55,910,007$37,449,480$140,715,900
93$227,837,375$58,535,221$38,589,661$153,450,788
94$250,958,808$61,285,468$39,764,436$167,416,252
95$276,434,911$64,166,760$40,974,849$182,734,799
96$304,505,743$67,185,403$42,221,977$199,541,293
97$335,435,846$70,348,004$43,506,930$217,984,211
98$369,516,741$73,661,495$44,830,851$238,227,024
99$407,069,679$77,133,139$46,194,915$260,449,720
100$448,448,678$80,770,554$47,600,336$284,850,483