Can I retire at age 66 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,333,766
2 years$707,237$694,065$681,300$668,923$656,917$611,258
3 years$466,808$453,579$440,846$428,585$416,775$372,651
4 years$346,617$333,429$320,823$308,772$297,248$254,997
5 years$274,521$261,412$248,972$237,166$225,963$185,697
6 years$226,473$213,463$201,206$189,664$178,797$140,549
7 years$192,166$179,266$167,203$155,933$145,410$109,175
8 years$166,448$153,664$141,802$130,808$120,631$86,382
9 years$146,455$133,792$122,134$111,420$101,589$69,285
10 years$130,471$117,931$106,479$96,045$86,559$56,149
11 years$117,401$104,987$93,742$83,588$74,444$45,870
12 years$106,517$94,231$83,194$73,318$64,511$37,710
13 years$97,315$85,157$74,328$64,729$56,255$31,158
14 years$89,434$77,405$66,784$57,459$49,313$25,850
15 years$82,611$70,711$60,297$51,243$43,419$21,517
16 years$76,646$64,876$54,668$45,883$38,374$17,958
17 years$71,388$59,749$49,746$41,225$34,025$15,022
18 years$66,719$55,210$45,412$37,152$30,253$12,589
19 years$62,547$51,168$41,572$33,570$26,965$10,566
20 years$58,797$47,548$38,153$30,404$24,086$8,880
21 years$55,409$44,289$35,093$27,594$21,554$7,470
22 years$52,332$41,342$32,344$25,089$19,320$6,290
23 years$49,527$38,667$29,864$22,849$17,343$5,301
24 years$46,960$36,228$27,619$20,840$15,588$4,469
25 years$44,602$33,998$25,581$19,032$14,027$3,771
26 years$42,429$31,953$23,725$17,402$12,635$3,182
27 years$40,420$30,071$22,031$15,928$11,392$2,687
28 years$38,558$28,336$20,480$14,594$10,279$2,269
29 years$36,827$26,732$19,059$13,383$9,282$1,917
30 years$35,215$25,246$17,752$12,282$8,386$1,620
31 years$33,710$23,865$16,550$11,280$7,582$1,369
32 years$32,302$22,581$15,442$10,367$6,859$1,157
33 years$30,982$21,385$14,418$9,533$6,207$978
34 years$29,742$20,268$13,471$8,771$5,620$827
35 years$28,576$19,224$12,595$8,074$5,090$700
36 years$27,476$18,246$11,782$7,436$4,612$592
37 years$26,439$17,330$11,028$6,852$4,180$500
38 years$25,459$16,470$10,327$6,315$3,789$423
39 years$24,531$15,661$9,675$5,823$3,436$358
40 years$23,652$14,900$9,069$5,371$3,117$303
41 years$22,818$14,184$8,503$4,955$2,828$256
42 years$22,025$13,508$7,977$4,573$2,566$217
43 years$21,272$12,870$7,485$4,222$2,329$183
44 years$20,555$12,268$7,026$3,898$2,114$155
45 years$19,872$11,699$6,597$3,600$1,919$131
46 years$19,220$11,160$6,196$3,325$1,742$111
47 years$18,598$10,650$5,821$3,072$1,582$94
48 years$18,003$10,167$5,470$2,839$1,437$79
49 years$17,435$9,709$5,142$2,624$1,305$67
50 years$16,891$9,274$4,834$2,425$1,185$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,300,000, adding $2,062 every year, while hoping to spend $35,721 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: 46/33/21 Blend
65$17,300,000$17,300,000$17,300,000$17,300,000
66$19,066,727$18,149,827$17,881,677$19,829,031
67$20,973,526$19,001,162$18,442,706$21,214,910
68$23,073,622$19,893,014$19,021,333$22,713,889
69$25,386,692$20,827,333$19,618,108$24,339,472
70$27,934,422$21,806,160$20,233,602$26,103,480
71$30,740,706$22,831,635$20,868,401$28,018,896
72$33,831,876$23,906,003$21,523,110$30,099,976
73$37,236,947$25,031,617$22,198,354$32,362,378
74$40,987,894$26,210,944$22,894,777$34,823,305
75$45,119,949$27,446,570$23,613,042$37,501,656
76$49,671,940$28,741,208$24,353,835$40,418,202
77$54,686,651$30,097,700$25,117,862$43,595,767
78$60,211,230$31,519,028$25,905,851$47,059,444
79$66,297,632$33,008,317$26,718,554$50,836,813
80$73,003,110$34,568,844$27,556,745$54,958,200
81$80,390,755$36,204,046$28,421,224$59,456,951
82$88,530,092$37,917,524$29,312,814$64,369,734
83$97,497,735$39,713,056$30,232,367$69,736,880
84$107,378,111$41,594,603$31,180,758$75,602,747
85$118,264,257$43,566,317$32,158,892$82,016,132
86$130,258,697$45,632,552$33,167,702$89,030,716
87$143,474,413$47,797,876$34,208,148$96,705,561
88$158,035,905$50,067,073$35,281,223$105,105,652
89$174,080,372$52,445,166$36,387,949$114,302,497
90$191,759,008$54,937,416$37,529,382$124,374,790
91$211,238,420$57,549,343$38,706,611$135,409,136
92$232,702,213$60,286,734$39,920,756$147,500,853
93$256,352,712$63,155,658$41,172,975$160,754,857
94$282,412,881$66,162,478$42,464,462$175,286,635
95$311,128,422$69,313,866$43,796,448$191,223,314
96$342,770,095$72,616,819$45,170,203$208,704,847
97$377,636,275$76,078,674$46,587,035$227,885,310
98$416,055,770$79,707,124$48,048,296$248,934,339
99$458,390,922$83,510,237$49,555,378$272,038,707
100$505,041,030$87,496,472$51,109,717$297,404,067