Can I retire at age 67 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,326,586
2 years$703,148$690,053$677,361$665,056$653,120$608,247
3 years$464,109$450,957$438,298$426,108$414,366$370,994
4 years$344,613$331,501$318,968$306,987$295,529$253,991
5 years$272,934$259,901$247,533$235,795$224,657$185,062
6 years$225,164$212,229$200,043$188,567$177,763$140,145
7 years$191,055$178,229$166,237$155,032$144,569$108,923
8 years$165,486$152,776$140,982$130,052$119,934$86,234
9 years$145,609$133,019$121,428$110,776$101,002$69,209
10 years$129,717$117,249$105,863$95,490$86,059$56,122
11 years$116,722$104,380$93,200$83,105$74,013$45,878
12 years$105,901$93,686$82,713$72,894$64,138$37,741
13 years$96,753$84,665$73,899$64,354$55,930$31,205
14 years$88,917$76,958$66,398$57,127$49,028$25,907
15 years$82,133$70,302$59,949$50,947$43,168$21,579
16 years$76,202$64,501$54,352$45,617$38,152$18,024
17 years$70,975$59,403$49,458$40,987$33,828$15,088
18 years$66,334$54,891$45,149$36,937$30,078$12,654
19 years$62,186$50,873$41,332$33,376$26,810$10,629
20 years$58,457$47,273$37,932$30,229$23,947$8,939
21 years$55,088$44,033$34,890$27,434$21,430$7,526
22 years$52,030$41,103$32,157$24,944$19,209$6,342
23 years$49,241$38,443$29,691$22,717$17,243$5,349
24 years$46,689$36,019$27,459$20,719$15,498$4,513
25 years$44,344$33,802$25,433$18,922$13,946$3,811
26 years$42,184$31,768$23,588$17,301$12,562$3,219
27 years$40,186$29,898$21,903$15,836$11,326$2,720
28 years$38,335$28,172$20,362$14,509$10,219$2,299
29 years$36,615$26,577$18,949$13,305$9,228$1,944
30 years$35,012$25,100$17,650$12,211$8,338$1,644
31 years$33,515$23,727$16,454$11,215$7,538$1,391
32 years$32,115$22,451$15,352$10,307$6,819$1,176
33 years$30,803$21,261$14,334$9,478$6,171$995
34 years$29,570$20,151$13,393$8,721$5,587$842
35 years$28,410$19,113$12,522$8,028$5,061$713
36 years$27,318$18,141$11,714$7,393$4,585$603
37 years$26,286$17,230$10,964$6,812$4,156$511
38 years$25,312$16,374$10,267$6,279$3,768$432
39 years$24,389$15,570$9,619$5,789$3,417$366
40 years$23,515$14,814$9,016$5,340$3,099$310
41 years$22,686$14,102$8,454$4,927$2,811$262
42 years$21,898$13,430$7,930$4,547$2,551$222
43 years$21,149$12,796$7,442$4,197$2,315$188
44 years$20,436$12,197$6,985$3,875$2,102$159
45 years$19,757$11,631$6,559$3,579$1,908$135
46 years$19,109$11,096$6,160$3,306$1,732$114
47 years$18,490$10,589$5,788$3,054$1,573$97
48 years$17,899$10,108$5,439$2,822$1,428$82
49 years$17,334$9,653$5,112$2,608$1,297$69
50 years$16,793$9,221$4,806$2,411$1,178$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $17,200,000, adding $6,443 every year, while hoping to spend $38,595 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: 35/50/15 Blend
66$17,200,000$17,200,000$17,200,000$17,200,000
67$18,961,046$18,049,446$17,782,846$19,536,562
68$20,854,008$18,892,804$18,337,507$20,798,117
69$22,938,758$19,776,193$18,909,455$22,154,293
70$25,234,819$20,701,534$19,499,229$23,616,742
71$27,763,702$21,670,840$20,107,384$25,194,902
72$30,549,111$22,686,223$20,734,493$26,899,113
73$33,617,167$23,749,895$21,381,145$28,740,701
74$36,996,655$24,864,176$22,047,950$30,732,080
75$40,719,292$26,031,499$22,735,535$32,886,856
76$44,820,031$27,254,414$23,444,547$35,219,949
77$49,337,387$28,535,593$24,175,652$37,747,720
78$54,313,804$29,877,841$24,929,540$40,488,116
79$59,796,052$31,284,095$25,706,919$43,460,827
80$65,835,669$32,757,435$26,508,521$46,687,462
81$72,489,450$34,301,093$27,335,100$50,191,736
82$79,819,982$35,918,454$28,187,433$53,999,687
83$87,896,230$37,613,068$29,066,322$58,139,902
84$96,794,196$39,388,660$29,972,595$62,643,774
85$106,597,631$41,249,130$30,907,103$67,545,786
86$117,398,823$43,198,572$31,870,725$72,883,817
87$129,299,477$45,241,276$32,864,368$78,699,485
88$142,411,666$47,381,740$33,888,967$85,038,520
89$156,858,893$49,624,682$34,945,484$91,951,182
90$172,777,255$51,975,048$36,034,914$99,492,711
91$190,316,732$54,438,021$37,158,280$107,723,834
92$209,642,596$57,019,041$38,316,639$116,711,311
93$230,936,974$59,723,808$39,511,080$126,528,549
94$254,400,570$62,558,300$40,742,726$137,256,268
95$280,254,556$65,528,784$42,012,735$148,983,242
96$308,742,661$68,641,834$43,322,301$161,807,109
97$340,133,469$71,904,341$44,672,655$175,835,268
98$374,722,960$75,323,530$46,065,066$191,185,865
99$412,837,299$78,906,980$47,500,843$207,988,881
100$454,835,917$82,662,637$48,981,335$226,387,324