Can I retire at age 65 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,369,028
2 years$711,325$698,077$685,238$672,789$660,714$642,133
3 years$469,506$456,201$443,394$431,063$419,184$401,072
4 years$348,620$335,356$322,677$310,556$298,966$281,461
5 years$276,108$262,923$250,411$238,537$227,269$210,424
6 years$227,782$214,697$202,369$190,760$179,830$163,664
7 years$193,277$180,302$168,170$156,834$146,250$130,770
8 years$167,410$154,552$142,621$131,564$121,329$106,532
9 years$147,302$134,565$122,840$112,064$102,176$88,056
10 years$131,225$118,613$107,094$96,600$87,059$73,606
11 years$118,079$105,594$94,284$84,071$74,874$62,074
12 years$107,133$94,775$83,675$73,741$64,884$52,724
13 years$97,878$85,649$74,758$65,103$56,580$45,044
14 years$89,951$77,853$67,170$57,791$49,598$38,667
15 years$83,088$71,120$60,646$51,539$43,670$33,327
16 years$77,089$65,251$54,984$46,148$38,596$28,821
17 years$71,800$60,094$50,034$41,463$34,221$24,995
18 years$67,105$55,529$45,674$37,367$30,428$21,730
19 years$62,909$51,464$41,813$33,764$27,121$18,931
20 years$59,137$47,823$38,373$30,580$24,225$16,522
21 years$55,729$44,545$35,296$27,753$21,679$14,441
22 years$52,635$41,581$32,531$25,234$19,432$12,639
23 years$49,814$38,890$30,036$22,981$17,443$11,075
24 years$47,232$36,438$27,779$20,960$15,678$9,714
25 years$44,860$34,195$25,729$19,142$14,108$8,528
26 years$42,674$32,138$23,862$17,502$12,708$7,492
27 years$40,654$30,245$22,158$16,020$11,457$6,587
28 years$38,781$28,500$20,599$14,678$10,338$5,794
29 years$37,040$26,886$19,169$13,460$9,335$5,099
30 years$35,419$25,391$17,855$12,353$8,435$4,490
31 years$33,905$24,003$16,646$11,345$7,626$3,955
32 years$32,489$22,712$15,531$10,427$6,898$3,485
33 years$31,161$21,509$14,501$9,588$6,243$3,072
34 years$29,914$20,385$13,549$8,822$5,652$2,708
35 years$28,741$19,335$12,667$8,121$5,119$2,388
36 years$27,635$18,352$11,850$7,479$4,639$2,106
37 years$26,592$17,430$11,091$6,891$4,204$1,858
38 years$25,606$16,565$10,387$6,352$3,811$1,640
39 years$24,673$15,751$9,731$5,857$3,456$1,447
40 years$23,789$14,986$9,121$5,402$3,135$1,277
41 years$22,950$14,266$8,553$4,984$2,844$1,127
42 years$22,153$13,586$8,023$4,600$2,581$995
43 years$21,395$12,945$7,528$4,246$2,342$878
44 years$20,674$12,339$7,066$3,920$2,126$776
45 years$19,986$11,766$6,635$3,621$1,930$685
46 years$19,331$11,225$6,232$3,344$1,752$605
47 years$18,705$10,712$5,855$3,090$1,591$534
48 years$18,107$10,226$5,502$2,855$1,445$472
49 years$17,536$9,765$5,171$2,639$1,312$416
50 years$16,988$9,328$4,862$2,439$1,192$368

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $17,400,000, adding $6,167 every year, while hoping to spend $25,071 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: 25/48/27 Blend
64$17,400,000$17,400,000$17,400,000$17,400,000
65$19,181,161$18,258,961$17,989,261$19,497,606
66$21,110,964$19,126,975$18,565,226$20,628,968
67$23,236,767$20,036,681$19,159,646$21,838,600
68$25,578,535$20,990,096$19,773,111$23,135,056
69$28,158,269$21,989,334$20,406,234$24,525,630
70$31,000,214$23,036,613$21,059,644$26,018,296
71$34,131,086$24,134,257$21,733,993$27,621,766
72$37,580,326$25,284,705$22,429,950$29,345,566
73$41,380,376$26,490,512$23,148,210$31,200,113
74$45,566,987$27,754,360$23,889,488$33,196,808
75$50,179,555$29,079,060$24,654,522$35,348,124
76$55,261,495$30,467,559$25,444,073$37,667,721
77$60,860,647$31,922,948$26,258,929$40,170,553
78$67,029,730$33,448,470$27,099,901$42,873,003
79$73,826,840$35,047,523$27,967,826$45,793,023
80$81,315,999$36,723,673$28,863,568$48,950,287
81$89,567,754$38,480,656$29,788,021$52,366,361
82$98,659,851$40,322,394$30,742,106$56,064,895
83$108,677,961$42,252,996$31,726,771$60,071,828
84$119,716,495$44,276,775$32,743,000$64,415,613
85$131,879,490$46,398,250$33,791,804$69,127,472
86$145,281,597$48,622,163$34,874,228$74,241,670
87$160,049,156$50,953,485$35,991,350$79,795,818
88$176,321,394$53,397,430$37,144,285$85,831,209
89$194,251,738$55,959,466$38,334,181$92,393,186
90$214,009,262$58,645,327$39,562,223$99,531,548
91$235,780,286$61,461,026$40,829,636$107,300,994
92$259,770,129$64,412,870$42,137,682$115,761,618
93$286,205,053$67,507,473$43,487,666$124,979,449
94$315,334,399$70,751,770$44,880,934$135,027,049
95$347,432,936$74,153,034$46,318,873$145,984,167
96$382,803,458$77,718,896$47,802,918$157,938,464
97$421,779,643$81,457,354$49,334,548$170,986,308
98$464,729,201$85,376,798$50,915,289$185,233,656
99$512,057,347$89,486,029$52,546,719$200,797,014
100$564,210,625$93,794,273$54,230,463$217,804,505