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%15.5%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,356,162
2 years$711,325$698,077$685,238$672,789$660,714$629,309
3 years$469,506$456,201$443,394$431,063$419,184$388,694
4 years$348,620$335,356$322,677$310,556$298,966$269,624
5 years$276,108$262,923$250,411$238,537$227,269$199,159
6 years$227,782$214,697$202,369$190,760$179,830$152,981
7 years$193,277$180,302$168,170$156,834$146,250$120,666
8 years$167,410$154,552$142,621$131,564$121,329$97,000
9 years$147,302$134,565$122,840$112,064$102,176$79,085
10 years$131,225$118,613$107,094$96,600$87,059$65,181
11 years$118,079$105,594$94,284$84,071$74,874$54,179
12 years$107,133$94,775$83,675$73,741$64,884$45,340
13 years$97,878$85,649$74,758$65,103$56,580$38,151
14 years$89,951$77,853$67,170$57,791$49,598$32,246
15 years$83,088$71,120$60,646$51,539$43,670$27,355
16 years$77,089$65,251$54,984$46,148$38,596$23,278
17 years$71,800$60,094$50,034$41,463$34,221$19,859
18 years$67,105$55,529$45,674$37,367$30,428$16,979
19 years$62,909$51,464$41,813$33,764$27,121$14,542
20 years$59,137$47,823$38,373$30,580$24,225$12,475
21 years$55,729$44,545$35,296$27,753$21,679$10,716
22 years$52,635$41,581$32,531$25,234$19,432$9,214
23 years$49,814$38,890$30,036$22,981$17,443$7,931
24 years$47,232$36,438$27,779$20,960$15,678$6,832
25 years$44,860$34,195$25,729$19,142$14,108$5,890
26 years$42,674$32,138$23,862$17,502$12,708$5,080
27 years$40,654$30,245$22,158$16,020$11,457$4,384
28 years$38,781$28,500$20,599$14,678$10,338$3,785
29 years$37,040$26,886$19,169$13,460$9,335$3,269
30 years$35,419$25,391$17,855$12,353$8,435$2,825
31 years$33,905$24,003$16,646$11,345$7,626$2,441
32 years$32,489$22,712$15,531$10,427$6,898$2,110
33 years$31,161$21,509$14,501$9,588$6,243$1,825
34 years$29,914$20,385$13,549$8,822$5,652$1,578
35 years$28,741$19,335$12,667$8,121$5,119$1,365
36 years$27,635$18,352$11,850$7,479$4,639$1,181
37 years$26,592$17,430$11,091$6,891$4,204$1,021
38 years$25,606$16,565$10,387$6,352$3,811$884
39 years$24,673$15,751$9,731$5,857$3,456$765
40 years$23,789$14,986$9,121$5,402$3,135$662
41 years$22,950$14,266$8,553$4,984$2,844$573
42 years$22,153$13,586$8,023$4,600$2,581$496
43 years$21,395$12,945$7,528$4,246$2,342$429
44 years$20,674$12,339$7,066$3,920$2,126$371
45 years$19,986$11,766$6,635$3,621$1,930$321
46 years$19,331$11,225$6,232$3,344$1,752$278
47 years$18,705$10,712$5,855$3,090$1,591$241
48 years$18,107$10,226$5,502$2,855$1,445$209
49 years$17,536$9,765$5,171$2,639$1,312$181
50 years$16,988$9,328$4,862$2,439$1,192$156

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 $3,108 every year, while hoping to spend $59,210 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: 76/8/16 Blend
64$17,400,000$17,400,000$17,400,000$17,400,000
65$19,178,006$18,255,806$17,986,106$20,567,895
66$21,071,164$19,087,341$18,525,641$22,318,199
67$23,155,439$19,957,638$19,081,267$24,228,907
68$25,450,263$20,868,532$19,653,459$26,322,106
69$27,977,048$21,821,948$20,242,708$28,615,971
70$30,759,387$22,819,903$20,849,519$31,130,515
71$33,823,278$23,864,512$21,474,411$33,887,776
72$37,197,369$24,957,989$22,117,920$36,912,021
73$40,913,226$26,102,657$22,780,597$40,229,974
74$45,005,636$27,300,947$23,463,007$43,871,066
75$49,512,927$28,555,411$24,165,734$47,867,712
76$54,477,339$29,868,719$24,889,380$52,255,609
77$59,945,416$31,243,674$25,634,562$57,074,076
78$65,968,444$32,683,210$26,401,916$62,366,421
79$72,602,942$34,190,404$27,192,097$68,180,344
80$79,911,190$35,768,481$28,005,779$74,568,388
81$87,961,814$37,420,820$28,843,656$81,588,429
82$96,830,443$39,150,964$29,706,443$89,304,221
83$106,600,412$40,962,626$30,594,873$97,785,994
84$117,363,556$42,859,696$31,509,703$107,111,112
85$129,221,073$44,846,255$32,451,712$117,364,803
86$142,284,479$46,926,578$33,421,700$128,640,956
87$156,676,662$49,105,147$34,420,494$141,043,003
88$172,533,042$51,386,659$35,448,941$154,684,897
89$190,002,847$53,776,040$36,507,914$169,692,178
90$209,250,521$56,278,450$37,598,314$186,203,152
91$230,457,281$58,899,301$38,721,064$204,370,200
92$253,822,822$61,644,265$39,877,117$224,361,204
93$279,567,203$64,519,287$41,067,454$246,361,130
94$307,932,926$67,530,600$42,293,082$270,573,767
95$339,187,223$70,684,739$43,555,040$297,223,650
96$373,624,581$73,988,552$44,854,395$326,558,167
97$411,569,518$77,449,221$46,192,246$358,849,893
98$453,379,648$81,074,272$47,569,726$394,399,158
99$499,449,058$84,871,596$48,987,997$433,536,872
100$550,212,024$88,849,467$50,448,258$476,627,643