Can I retire at age 69 with 17,000,000?

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 $17,000,000?

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$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,309,069
2 years$694,972$682,029$669,485$657,323$645,526$599,116
3 years$458,713$445,714$433,201$421,153$409,548$364,722
4 years$340,606$327,647$315,260$303,417$292,093$249,193
5 years$269,760$256,879$244,654$233,053$222,044$181,184
6 years$222,546$209,761$197,717$186,375$175,696$136,907
7 years$188,834$176,157$164,304$153,229$142,888$106,164
8 years$163,562$150,999$139,343$128,540$118,539$83,851
9 years$143,916$131,472$120,016$109,487$99,827$67,132
10 years$128,208$115,886$104,632$94,379$85,058$54,301
11 years$115,365$103,166$92,117$82,138$73,153$44,274
12 years$104,670$92,597$81,751$72,046$63,393$36,325
13 years$95,628$83,680$73,039$63,606$55,280$29,953
14 years$87,883$76,063$65,626$56,462$48,458$24,798
15 years$81,178$69,485$59,252$50,355$42,666$20,597
16 years$75,316$63,751$53,720$45,087$37,708$17,154
17 years$70,150$58,712$48,883$40,510$33,435$14,318
18 years$65,562$54,253$44,624$36,508$29,729$11,972
19 years$61,463$50,281$40,851$32,988$26,498$10,025
20 years$57,778$46,724$37,491$29,877$23,668$8,406
21 years$54,448$43,521$34,485$27,115$21,180$7,055
22 years$51,425$40,625$31,783$24,654$18,985$5,927
23 years$48,669$37,996$29,346$22,453$17,042$4,983
24 years$46,146$35,600$27,140$20,478$15,318$4,191
25 years$43,829$33,409$25,137$18,702$13,784$3,527
26 years$41,693$31,399$23,313$17,100$12,416$2,970
27 years$39,719$29,550$21,649$15,652$11,194$2,502
28 years$37,889$27,845$20,125$14,341$10,101$2,108
29 years$36,189$26,268$18,728$13,151$9,121$1,776
30 years$34,605$24,808$17,445$12,069$8,241$1,497
31 years$33,126$23,452$16,263$11,085$7,451$1,262
32 years$31,742$22,190$15,174$10,187$6,740$1,064
33 years$30,445$21,014$14,168$9,368$6,099$898
34 years$29,226$19,917$13,238$8,619$5,522$757
35 years$28,080$18,891$12,376$7,934$5,002$638
36 years$27,000$17,930$11,578$7,307$4,532$539
37 years$25,981$17,029$10,836$6,733$4,107$454
38 years$25,017$16,184$10,148$6,206$3,724$383
39 years$24,106$15,389$9,507$5,722$3,377$323
40 years$23,242$14,642$8,911$5,278$3,063$273
41 years$22,422$13,938$8,356$4,869$2,779$230
42 years$21,643$13,274$7,838$4,494$2,521$194
43 years$20,903$12,647$7,355$4,148$2,288$164
44 years$20,198$12,055$6,904$3,830$2,077$138
45 years$19,527$11,496$6,483$3,537$1,886$117
46 years$18,886$10,967$6,089$3,268$1,712$98
47 years$18,275$10,465$5,720$3,019$1,555$83
48 years$17,691$9,991$5,375$2,790$1,412$70
49 years$17,132$9,541$5,053$2,578$1,282$59
50 years$16,598$9,114$4,750$2,383$1,165$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,000,000, adding $6,744 every year, while hoping to spend $30,439 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: 49/28/23 Blend
68$17,000,000$17,000,000$17,000,000$17,000,000
69$18,740,956$17,839,956$17,576,456$19,537,209
70$20,620,147$18,681,727$18,132,881$20,934,253
71$22,689,995$19,563,725$18,706,925$22,447,516
72$24,969,915$20,487,888$19,299,148$24,090,922
73$27,481,302$21,456,250$19,910,125$25,876,757
74$30,247,730$22,470,942$20,540,449$27,818,520
75$33,295,179$23,534,198$21,190,735$29,931,040
76$36,652,277$24,648,363$21,861,614$32,230,614
77$40,350,569$25,815,894$22,553,738$34,735,154
78$44,424,820$27,039,365$23,267,781$37,464,348
79$48,913,337$28,321,479$24,004,437$40,439,841
80$53,858,334$29,665,069$24,764,423$43,685,428
81$59,306,330$31,073,103$25,548,477$47,227,277
82$65,308,586$32,548,695$26,357,361$51,094,165
83$71,921,593$34,095,112$27,191,863$55,317,741
84$79,207,599$35,715,776$28,052,794$59,932,816
85$87,235,202$37,414,278$28,940,992$64,977,687
86$96,079,997$39,194,382$29,857,319$70,494,483
87$105,825,286$41,060,035$30,802,668$76,529,558
88$116,562,865$43,015,377$31,777,958$83,133,913
89$128,393,895$45,064,748$32,784,136$90,363,675
90$141,429,850$47,212,699$33,822,183$98,280,607
91$155,793,576$49,464,002$34,893,108$106,952,684
92$171,620,445$51,823,663$35,997,951$116,454,723
93$189,059,637$54,296,928$37,137,789$126,869,074
94$208,275,544$56,889,302$38,313,729$138,286,387
95$229,449,326$59,606,554$39,526,915$150,806,451
96$252,780,619$62,454,737$40,778,529$164,539,124
97$278,489,419$65,440,196$42,069,786$179,605,352
98$306,818,159$68,569,585$43,401,943$196,138,298
99$338,033,999$71,849,883$44,776,297$214,284,581
100$372,431,348$75,288,408$46,194,183$234,205,642