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

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,316,769
2 years$699,060$686,041$673,423$661,189$649,323$602,640
3 years$461,411$448,335$435,749$423,630$411,957$366,867
4 years$342,609$329,574$317,114$305,202$293,811$250,659
5 years$271,347$258,390$246,093$234,424$223,351$182,250
6 years$223,855$210,995$198,880$187,471$176,730$137,713
7 years$189,945$177,193$165,270$154,130$143,729$106,788
8 years$164,524$151,887$140,162$129,296$119,237$84,344
9 years$144,762$132,245$120,722$110,132$100,415$67,527
10 years$128,962$116,568$105,248$94,934$85,558$54,621
11 years$116,044$103,773$92,659$82,621$73,583$44,535
12 years$105,286$93,141$82,232$72,470$63,765$36,539
13 years$96,190$84,173$73,469$63,980$55,605$30,129
14 years$88,400$76,511$66,012$56,794$48,743$24,944
15 years$81,655$69,894$59,600$50,651$42,917$20,718
16 years$75,759$64,126$54,036$45,352$37,930$17,255
17 years$70,563$59,058$49,171$40,749$33,631$14,402
18 years$65,948$54,572$44,887$36,723$29,904$12,042
19 years$61,824$50,577$41,092$33,182$26,654$10,084
20 years$58,117$46,998$37,712$30,053$23,808$8,455
21 years$54,768$43,777$34,688$27,275$21,305$7,097
22 years$51,727$40,864$31,970$24,799$19,097$5,962
23 years$48,955$38,220$29,519$22,585$17,143$5,012
24 years$46,417$35,809$27,300$20,599$15,408$4,216
25 years$44,086$33,605$25,285$18,812$13,865$3,548
26 years$41,938$31,584$23,451$17,201$12,489$2,987
27 years$39,953$29,724$21,776$15,744$11,260$2,516
28 years$38,112$28,009$20,244$14,425$10,160$2,120
29 years$36,402$26,423$18,838$13,228$9,174$1,787
30 years$34,808$24,954$17,547$12,140$8,290$1,506
31 years$33,320$23,589$16,359$11,150$7,495$1,270
32 years$31,928$22,320$15,263$10,247$6,779$1,071
33 years$30,624$21,138$14,251$9,423$6,135$903
34 years$29,398$20,034$13,315$8,670$5,555$761
35 years$28,245$19,002$12,449$7,981$5,031$642
36 years$27,159$18,035$11,646$7,350$4,559$542
37 years$26,133$17,130$10,900$6,772$4,132$457
38 years$25,164$16,279$10,208$6,242$3,746$386
39 years$24,247$15,480$9,563$5,756$3,397$325
40 years$23,378$14,728$8,964$5,309$3,081$274
41 years$22,554$14,020$8,405$4,898$2,795$232
42 years$21,771$13,352$7,884$4,520$2,536$195
43 years$21,026$12,722$7,398$4,173$2,302$165
44 years$20,317$12,126$6,945$3,853$2,089$139
45 years$19,642$11,564$6,521$3,558$1,897$117
46 years$18,998$11,031$6,125$3,287$1,722$99
47 years$18,383$10,527$5,754$3,037$1,564$84
48 years$17,795$10,049$5,407$2,806$1,420$71
49 years$17,233$9,597$5,082$2,593$1,290$60
50 years$16,696$9,167$4,778$2,397$1,172$50

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 $5,033 every year, while hoping to spend $45,639 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: 74/9/17 Blend
66$17,100,000$17,100,000$17,100,000$17,100,000
67$18,849,392$17,943,092$17,678,042$20,170,808
68$20,723,470$18,773,743$18,221,696$21,877,621
69$22,787,175$19,643,568$18,782,034$23,741,231
70$25,059,800$20,554,436$19,359,565$25,782,110
71$27,562,605$21,508,308$19,954,816$28,017,875
72$30,319,017$22,507,242$20,568,329$30,467,918
73$33,354,852$23,553,392$21,200,663$33,153,594
74$36,698,556$24,649,017$21,852,394$36,098,414
75$40,381,475$25,796,486$22,524,116$39,328,269
76$44,438,151$26,998,279$23,216,440$42,871,670
77$48,906,648$28,257,000$23,929,996$46,760,011
78$53,828,909$29,575,377$24,665,434$51,027,871
79$59,251,156$30,956,268$25,423,424$55,713,328
80$65,224,320$32,402,671$26,204,655$60,858,321
81$71,804,527$33,917,729$27,009,837$66,509,042
82$79,053,626$35,504,735$27,839,705$72,716,366
83$87,039,772$37,167,143$28,695,011$79,536,331
84$95,838,070$38,908,574$29,576,534$87,030,663
85$105,531,281$40,732,822$30,485,076$95,267,351
86$116,210,608$42,643,867$31,421,463$104,321,291
87$127,976,553$44,645,880$32,386,545$114,274,983
88$140,939,868$46,743,234$33,381,200$125,219,310
89$155,222,596$48,940,514$34,406,332$137,254,388
90$170,959,229$51,242,527$35,462,872$150,490,510
91$188,297,971$53,654,312$36,551,780$165,049,180
92$207,402,144$56,181,153$37,674,044$181,064,253
93$228,451,723$58,828,590$38,830,685$198,683,200
94$251,645,038$61,602,429$40,022,752$218,068,486
95$277,200,644$64,508,761$41,251,326$239,399,107
96$305,359,389$67,553,969$42,517,525$262,872,265
97$336,386,680$70,744,747$43,822,495$288,705,230
98$370,574,995$74,088,113$45,167,422$317,137,383
99$408,246,639$77,591,426$46,553,526$348,432,467
100$449,756,791$81,262,400$47,982,063$382,881,072