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

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,315,372
2 years$694,972$682,029$669,485$657,323$645,526$605,325
3 years$458,713$445,714$433,201$421,153$409,548$370,639
4 years$340,606$327,647$315,260$303,417$292,093$254,774
5 years$269,760$256,879$244,654$233,053$222,044$186,417
6 years$222,546$209,761$197,717$186,375$175,696$141,792
7 years$188,834$176,157$164,304$153,229$142,888$110,706
8 years$163,562$150,999$139,343$128,540$118,539$88,060
9 years$143,916$131,472$120,016$109,487$99,827$71,019
10 years$128,208$115,886$104,632$94,379$85,058$57,881
11 years$115,365$103,166$92,117$82,138$73,153$47,560
12 years$104,670$92,597$81,751$72,046$63,393$39,333
13 years$95,628$83,680$73,039$63,606$55,280$32,699
14 years$87,883$76,063$65,626$56,462$48,458$27,298
15 years$81,178$69,485$59,252$50,355$42,666$22,867
16 years$75,316$63,751$53,720$45,087$37,708$19,210
17 years$70,150$58,712$48,883$40,510$33,435$16,175
18 years$65,562$54,253$44,624$36,508$29,729$13,647
19 years$61,463$50,281$40,851$32,988$26,498$11,532
20 years$57,778$46,724$37,491$29,877$23,668$9,758
21 years$54,448$43,521$34,485$27,115$21,180$8,267
22 years$51,425$40,625$31,783$24,654$18,985$7,010
23 years$48,669$37,996$29,346$22,453$17,042$5,949
24 years$46,146$35,600$27,140$20,478$15,318$5,052
25 years$43,829$33,409$25,137$18,702$13,784$4,293
26 years$41,693$31,399$23,313$17,100$12,416$3,650
27 years$39,719$29,550$21,649$15,652$11,194$3,104
28 years$37,889$27,845$20,125$14,341$10,101$2,641
29 years$36,189$26,268$18,728$13,151$9,121$2,248
30 years$34,605$24,808$17,445$12,069$8,241$1,913
31 years$33,126$23,452$16,263$11,085$7,451$1,629
32 years$31,742$22,190$15,174$10,187$6,740$1,387
33 years$30,445$21,014$14,168$9,368$6,099$1,182
34 years$29,226$19,917$13,238$8,619$5,522$1,007
35 years$28,080$18,891$12,376$7,934$5,002$858
36 years$27,000$17,930$11,578$7,307$4,532$731
37 years$25,981$17,029$10,836$6,733$4,107$623
38 years$25,017$16,184$10,148$6,206$3,724$531
39 years$24,106$15,389$9,507$5,722$3,377$452
40 years$23,242$14,642$8,911$5,278$3,063$385
41 years$22,422$13,938$8,356$4,869$2,779$328
42 years$21,643$13,274$7,838$4,494$2,521$280
43 years$20,903$12,647$7,355$4,148$2,288$239
44 years$20,198$12,055$6,904$3,830$2,077$203
45 years$19,527$11,496$6,483$3,537$1,886$173
46 years$18,886$10,967$6,089$3,268$1,712$148
47 years$18,275$10,465$5,720$3,019$1,555$126
48 years$17,691$9,991$5,375$2,790$1,412$107
49 years$17,132$9,541$5,053$2,578$1,282$92
50 years$16,598$9,114$4,750$2,383$1,165$78

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 $3,895 every year, while hoping to spend $26,732 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: 61/27/12 Blend
68$17,000,000$17,000,000$17,000,000$17,000,000
69$18,738,018$17,837,018$17,573,518$19,827,197
70$20,620,853$18,682,589$18,133,788$21,404,432
71$22,694,841$19,568,697$18,711,931$23,121,354
72$24,979,452$20,497,301$19,308,518$24,994,185
73$27,496,140$21,470,452$19,924,137$27,038,004
74$30,268,547$22,490,305$20,559,397$29,269,387
75$33,322,726$23,559,116$21,214,923$31,706,565
76$36,687,384$24,679,253$21,891,363$34,369,588
77$40,394,158$25,853,198$22,589,385$37,280,506
78$44,477,910$27,083,552$23,309,677$40,463,578
79$48,977,056$28,373,046$24,052,951$43,945,490
80$53,933,931$29,724,540$24,819,940$47,755,600
81$59,395,185$31,141,036$25,611,401$51,926,213
82$65,412,228$32,625,680$26,428,116$56,492,873
83$72,041,708$34,181,772$27,270,891$61,494,699
84$79,346,055$35,812,771$28,140,559$66,974,738
85$87,394,062$37,522,306$29,037,977$72,980,368
86$96,261,539$39,314,182$29,964,032$79,563,739
87$106,032,027$41,192,388$30,919,638$86,782,252
88$116,797,587$43,161,108$31,905,739$94,699,094
89$128,659,668$45,224,730$32,923,308$103,383,826
90$141,730,066$47,387,854$33,973,352$112,913,025
91$156,131,980$49,655,305$35,056,905$123,371,004
92$172,001,169$52,032,143$36,175,039$134,850,590
93$189,487,244$54,523,673$37,328,859$147,453,993
94$208,755,070$57,135,460$38,519,502$161,293,756
95$229,986,328$59,873,339$39,748,147$176,493,808
96$253,381,229$62,743,428$41,016,005$193,190,618
97$279,160,403$65,752,145$42,324,330$211,534,472
98$307,566,983$68,906,219$43,674,414$231,690,873
99$338,868,899$72,212,707$45,067,591$253,842,095
100$373,361,408$75,679,011$46,505,236$278,188,883