Can I retire at age 75 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%14.6%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,329,865
2 years$694,972$682,029$669,485$657,323$645,526$619,695
3 years$458,713$445,714$433,201$421,153$409,548$384,430
4 years$340,606$327,647$315,260$303,417$292,093$267,882
5 years$269,760$256,879$244,654$233,053$222,044$198,809
6 years$222,546$209,761$197,717$186,375$175,696$153,461
7 years$188,834$176,157$164,304$153,229$142,888$121,660
8 years$163,562$150,999$139,343$128,540$118,539$98,312
9 years$143,916$131,472$120,016$109,487$99,827$80,589
10 years$128,208$115,886$104,632$94,379$85,058$66,790
11 years$115,365$103,166$92,117$82,138$73,153$55,834
12 years$104,670$92,597$81,751$72,046$63,393$46,999
13 years$95,628$83,680$73,039$63,606$55,280$39,784
14 years$87,883$76,063$65,626$56,462$48,458$33,833
15 years$81,178$69,485$59,252$50,355$42,666$28,881
16 years$75,316$63,751$53,720$45,087$37,708$24,733
17 years$70,150$58,712$48,883$40,510$33,435$21,237
18 years$65,562$54,253$44,624$36,508$29,729$18,277
19 years$61,463$50,281$40,851$32,988$26,498$15,760
20 years$57,778$46,724$37,491$29,877$23,668$13,611
21 years$54,448$43,521$34,485$27,115$21,180$11,772
22 years$51,425$40,625$31,783$24,654$18,985$10,193
23 years$48,669$37,996$29,346$22,453$17,042$8,836
24 years$46,146$35,600$27,140$20,478$15,318$7,666
25 years$43,829$33,409$25,137$18,702$13,784$6,656
26 years$41,693$31,399$23,313$17,100$12,416$5,782
27 years$39,719$29,550$21,649$15,652$11,194$5,027
28 years$37,889$27,845$20,125$14,341$10,101$4,372
29 years$36,189$26,268$18,728$13,151$9,121$3,804
30 years$34,605$24,808$17,445$12,069$8,241$3,311
31 years$33,126$23,452$16,263$11,085$7,451$2,883
32 years$31,742$22,190$15,174$10,187$6,740$2,511
33 years$30,445$21,014$14,168$9,368$6,099$2,187
34 years$29,226$19,917$13,238$8,619$5,522$1,906
35 years$28,080$18,891$12,376$7,934$5,002$1,661
36 years$27,000$17,930$11,578$7,307$4,532$1,448
37 years$25,981$17,029$10,836$6,733$4,107$1,262
38 years$25,017$16,184$10,148$6,206$3,724$1,101
39 years$24,106$15,389$9,507$5,722$3,377$960
40 years$23,242$14,642$8,911$5,278$3,063$837
41 years$22,422$13,938$8,356$4,869$2,779$730
42 years$21,643$13,274$7,838$4,494$2,521$637
43 years$20,903$12,647$7,355$4,148$2,288$555
44 years$20,198$12,055$6,904$3,830$2,077$484
45 years$19,527$11,496$6,483$3,537$1,886$422
46 years$18,886$10,967$6,089$3,268$1,712$369
47 years$18,275$10,465$5,720$3,019$1,555$322
48 years$17,691$9,991$5,375$2,790$1,412$280
49 years$17,132$9,541$5,053$2,578$1,282$245
50 years$16,598$9,114$4,750$2,383$1,165$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $17,000,000, adding $4,423 every year, while hoping to spend $57,277 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: 61/22/17 Blend
74$17,000,000$17,000,000$17,000,000$17,000,000
75$18,738,562$17,837,562$17,574,062$19,800,305
76$20,588,953$18,650,661$18,101,851$21,329,706
77$22,626,165$19,501,681$18,645,401$22,991,209
78$24,869,191$20,392,421$19,205,180$24,803,088
79$27,338,964$21,324,765$19,781,669$26,779,932
80$30,058,547$22,300,687$20,375,363$28,937,788
81$33,053,354$23,322,256$20,986,773$31,294,307
82$36,351,390$24,391,640$21,616,424$33,868,908
83$39,983,513$25,511,112$22,264,855$36,682,954
84$43,983,727$26,683,053$22,932,624$39,759,950
85$48,389,503$27,909,958$23,620,303$43,125,761
86$53,242,131$29,194,444$24,328,481$46,808,851
87$58,587,108$30,539,252$25,057,765$50,840,544
88$64,474,574$31,947,256$25,808,781$55,255,318
89$70,959,775$33,421,466$26,582,170$60,091,118
90$78,103,594$34,965,040$27,378,595$65,389,716
91$85,973,119$36,581,286$28,198,736$71,197,093
92$94,642,279$38,273,670$29,043,295$77,563,870
93$104,192,541$40,045,829$29,912,994$84,545,775
94$114,713,676$41,901,571$30,808,576$92,204,166
95$126,304,612$43,844,889$31,730,805$100,606,599
96$139,074,364$45,879,969$32,680,468$109,827,460
97$153,143,060$48,011,199$33,658,374$119,948,659
98$168,643,081$50,243,177$34,665,359$131,060,391
99$185,720,307$52,580,724$35,702,280$143,261,984
100$204,535,492$55,028,893$36,770,020$156,662,821