Can I retire at age 66 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,356,664
2 years$703,148$690,053$677,361$665,056$653,120$638,130
3 years$464,109$450,957$438,298$426,108$414,366$399,739
4 years$344,613$331,501$318,968$306,987$295,529$281,378
5 years$272,934$259,901$247,533$235,795$224,657$211,022
6 years$225,164$212,229$200,043$188,567$177,763$164,662
7 years$191,055$178,229$166,237$155,032$144,569$132,007
8 years$165,486$152,776$140,982$130,052$119,934$107,911
9 years$145,609$133,019$121,428$110,776$101,002$89,512
10 years$129,717$117,249$105,863$95,490$86,059$75,095
11 years$116,722$104,380$93,200$83,105$74,013$63,567
12 years$105,901$93,686$82,713$72,894$64,138$54,199
13 years$96,753$84,665$73,899$64,354$55,930$46,485
14 years$88,917$76,958$66,398$57,127$49,028$40,064
15 years$82,133$70,302$59,949$50,947$43,168$34,671
16 years$76,202$64,501$54,352$45,617$38,152$30,108
17 years$70,975$59,403$49,458$40,987$33,828$26,222
18 years$66,334$54,891$45,149$36,937$30,078$22,895
19 years$62,186$50,873$41,332$33,376$26,810$20,033
20 years$58,457$47,273$37,932$30,229$23,947$17,561
21 years$55,088$44,033$34,890$27,434$21,430$15,419
22 years$52,030$41,103$32,157$24,944$19,209$13,556
23 years$49,241$38,443$29,691$22,717$17,243$11,933
24 years$46,689$36,019$27,459$20,719$15,498$10,516
25 years$44,344$33,802$25,433$18,922$13,946$9,275
26 years$42,184$31,768$23,588$17,301$12,562$8,188
27 years$40,186$29,898$21,903$15,836$11,326$7,233
28 years$38,335$28,172$20,362$14,509$10,219$6,393
29 years$36,615$26,577$18,949$13,305$9,228$5,654
30 years$35,012$25,100$17,650$12,211$8,338$5,003
31 years$33,515$23,727$16,454$11,215$7,538$4,429
32 years$32,115$22,451$15,352$10,307$6,819$3,922
33 years$30,803$21,261$14,334$9,478$6,171$3,474
34 years$29,570$20,151$13,393$8,721$5,587$3,078
35 years$28,410$19,113$12,522$8,028$5,061$2,728
36 years$27,318$18,141$11,714$7,393$4,585$2,419
37 years$26,286$17,230$10,964$6,812$4,156$2,145
38 years$25,312$16,374$10,267$6,279$3,768$1,902
39 years$24,389$15,570$9,619$5,789$3,417$1,687
40 years$23,515$14,814$9,016$5,340$3,099$1,497
41 years$22,686$14,102$8,454$4,927$2,811$1,328
42 years$21,898$13,430$7,930$4,547$2,551$1,178
43 years$21,149$12,796$7,442$4,197$2,315$1,046
44 years$20,436$12,197$6,985$3,875$2,102$928
45 years$19,757$11,631$6,559$3,579$1,908$824
46 years$19,109$11,096$6,160$3,306$1,732$731
47 years$18,490$10,589$5,788$3,054$1,573$649
48 years$17,899$10,108$5,439$2,822$1,428$576
49 years$17,334$9,653$5,112$2,608$1,297$511
50 years$16,793$9,221$4,806$2,411$1,178$454

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,200,000, adding $2,411 every year, while hoping to spend $46,961 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: 67/18/15 Blend
65$17,200,000$17,200,000$17,200,000$17,200,000
66$18,956,887$18,045,287$17,778,687$20,159,876
67$20,840,523$18,879,540$18,324,307$21,797,059
68$22,914,717$19,753,097$18,886,631$23,580,767
69$25,198,854$20,667,835$19,466,170$25,529,935
70$27,714,299$21,625,721$20,063,448$27,660,787
71$30,484,592$22,628,816$20,679,008$29,991,179
72$33,535,673$23,679,280$21,313,407$32,540,757
73$36,896,126$24,779,380$21,967,221$35,331,143
74$40,597,450$25,931,488$22,641,042$38,386,134
75$44,674,353$27,138,094$23,335,480$41,731,922
76$49,165,083$28,401,807$24,051,164$45,397,337
77$54,111,786$29,725,361$24,788,744$49,414,114
78$59,560,908$31,111,622$25,548,886$53,817,189
79$65,563,625$32,563,597$26,332,279$58,645,025
80$72,176,337$34,084,435$27,139,632$63,939,967
81$79,461,189$35,677,439$27,971,675$69,748,637
82$87,486,667$37,346,069$28,829,163$76,122,371
83$96,328,237$39,093,957$29,712,870$83,117,694
84$106,069,063$40,924,906$30,623,596$90,796,853
85$116,800,785$42,842,905$31,562,165$99,228,390
86$128,624,393$44,852,135$32,529,425$108,487,791
87$141,651,172$46,956,980$33,526,251$118,658,186
88$156,003,755$49,162,035$34,553,545$129,831,127
89$171,817,283$51,472,120$35,612,233$142,107,449
90$189,240,677$53,892,285$36,703,274$155,598,208
91$208,438,045$56,427,826$37,827,653$170,425,724
92$229,590,231$59,084,295$38,986,385$186,724,729
93$252,896,523$61,867,514$40,180,517$204,643,625
94$278,576,531$64,783,585$41,411,127$224,345,880
95$306,872,264$67,838,907$42,679,327$246,011,559
96$338,050,411$71,040,190$43,986,260$269,839,013
97$372,404,860$74,394,466$45,333,107$296,046,744
98$410,259,471$77,909,111$46,721,082$324,875,453
99$451,971,137$81,591,857$48,151,438$356,590,299
100$497,933,147$85,450,811$49,625,464$391,483,397