Can I retire at age 66 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%15.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,357,267
2 years$711,325$698,077$685,238$672,789$660,714$630,408
3 years$469,506$456,201$443,394$431,063$419,184$389,750
4 years$348,620$335,356$322,677$310,556$298,966$270,630
5 years$276,108$262,923$250,411$238,537$227,269$200,112
6 years$227,782$214,697$202,369$190,760$179,830$153,880
7 years$193,277$180,302$168,170$156,834$146,250$121,512
8 years$167,410$154,552$142,621$131,564$121,329$97,795
9 years$147,302$134,565$122,840$112,064$102,176$79,829
10 years$131,225$118,613$107,094$96,600$87,059$65,875
11 years$118,079$105,594$94,284$84,071$74,874$54,826
12 years$107,133$94,775$83,675$73,741$64,884$45,941
13 years$97,878$85,649$74,758$65,103$56,580$38,709
14 years$89,951$77,853$67,170$57,791$49,598$32,762
15 years$83,088$71,120$60,646$51,539$43,670$27,832
16 years$77,089$65,251$54,984$46,148$38,596$23,717
17 years$71,800$60,094$50,034$41,463$34,221$20,262
18 years$67,105$55,529$45,674$37,367$30,428$17,349
19 years$62,909$51,464$41,813$33,764$27,121$14,882
20 years$59,137$47,823$38,373$30,580$24,225$12,786
21 years$55,729$44,545$35,296$27,753$21,679$10,999
22 years$52,635$41,581$32,531$25,234$19,432$9,473
23 years$49,814$38,890$30,036$22,981$17,443$8,166
24 years$47,232$36,438$27,779$20,960$15,678$7,046
25 years$44,860$34,195$25,729$19,142$14,108$6,084
26 years$42,674$32,138$23,862$17,502$12,708$5,256
27 years$40,654$30,245$22,158$16,020$11,457$4,543
28 years$38,781$28,500$20,599$14,678$10,338$3,929
29 years$37,040$26,886$19,169$13,460$9,335$3,399
30 years$35,419$25,391$17,855$12,353$8,435$2,942
31 years$33,905$24,003$16,646$11,345$7,626$2,546
32 years$32,489$22,712$15,531$10,427$6,898$2,205
33 years$31,161$21,509$14,501$9,588$6,243$1,910
34 years$29,914$20,385$13,549$8,822$5,652$1,654
35 years$28,741$19,335$12,667$8,121$5,119$1,433
36 years$27,635$18,352$11,850$7,479$4,639$1,242
37 years$26,592$17,430$11,091$6,891$4,204$1,076
38 years$25,606$16,565$10,387$6,352$3,811$933
39 years$24,673$15,751$9,731$5,857$3,456$809
40 years$23,789$14,986$9,121$5,402$3,135$701
41 years$22,950$14,266$8,553$4,984$2,844$608
42 years$22,153$13,586$8,023$4,600$2,581$527
43 years$21,395$12,945$7,528$4,246$2,342$457
44 years$20,674$12,339$7,066$3,920$2,126$396
45 years$19,986$11,766$6,635$3,621$1,930$343
46 years$19,331$11,225$6,232$3,344$1,752$298
47 years$18,705$10,712$5,855$3,090$1,591$258
48 years$18,107$10,226$5,502$2,855$1,445$224
49 years$17,536$9,765$5,171$2,639$1,312$194
50 years$16,988$9,328$4,862$2,439$1,192$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,400,000, adding $3,360 every year, while hoping to spend $24,884 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: 41/38/21 Blend
65$17,400,000$17,400,000$17,400,000$17,400,000
66$19,178,266$18,256,066$17,986,366$19,845,794
67$21,107,973$19,124,137$18,562,433$21,190,752
68$23,233,675$20,033,909$19,156,964$22,642,930
69$25,575,340$20,987,400$19,770,551$24,214,250
70$28,154,966$21,986,724$20,403,807$25,915,626
71$30,996,799$23,034,101$21,057,361$27,759,034
72$34,127,555$24,131,854$21,731,865$29,757,613
73$37,576,675$25,282,423$22,427,991$31,925,784
74$41,376,599$26,488,366$23,146,433$34,279,373
75$45,563,080$27,752,364$23,887,906$36,835,759
76$50,175,513$29,077,228$24,653,150$39,614,023
77$55,257,312$30,465,909$25,442,927$42,635,121
78$60,856,317$31,921,498$26,258,024$45,922,072
79$67,025,247$33,447,237$27,099,254$49,500,163
80$73,822,199$35,046,528$27,967,455$53,397,183
81$81,311,191$36,722,935$28,863,492$57,643,665
82$89,562,772$38,480,200$29,788,259$62,273,169
83$98,654,688$40,322,242$30,742,678$67,322,584
84$108,672,608$42,253,174$31,727,701$72,832,466
85$119,710,944$44,277,309$32,744,308$78,847,402
86$131,873,732$46,399,169$33,793,514$85,416,422
87$145,275,621$48,623,497$34,876,366$92,593,443
88$160,042,952$50,955,266$35,993,941$100,437,766
89$176,314,951$53,399,692$37,147,357$109,014,617
90$194,245,044$55,962,245$38,337,761$118,395,747
91$214,002,304$58,648,661$39,566,342$128,660,092
92$235,773,050$61,464,955$40,834,325$139,894,497
93$259,762,600$64,417,438$42,142,974$152,194,519
94$286,197,217$67,512,723$43,493,595$165,665,308
95$315,326,238$70,757,752$44,887,535$180,422,579
96$347,424,431$74,159,799$46,326,185$196,593,681
97$382,794,591$77,726,496$47,810,979$214,318,773
98$421,770,391$81,465,846$49,343,399$233,752,131
99$464,719,542$85,386,244$50,924,974$255,063,570
100$512,047,256$89,496,491$52,557,282$278,440,024