Can I retire at age 66 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,374,621
2 years$715,413$702,089$689,176$676,656$664,512$643,549
3 years$472,204$458,823$445,942$433,540$421,594$401,174
4 years$350,624$337,283$324,532$312,341$300,684$280,965
5 years$277,695$264,434$251,850$239,908$228,575$209,614
6 years$229,091$215,930$203,532$191,856$180,864$162,682
7 years$194,388$181,338$169,136$157,736$147,091$129,694
8 years$168,372$155,440$143,441$132,321$122,026$105,413
9 years$148,149$135,339$123,546$112,708$102,763$86,925
10 years$131,979$119,294$107,710$97,155$87,560$72,484
11 years$118,758$106,201$94,826$84,554$75,304$60,976
12 years$107,749$95,320$84,156$74,165$65,257$51,659
13 years$98,440$86,142$75,188$65,477$56,905$44,018
14 years$90,468$78,300$67,556$58,123$49,883$37,686
15 years$83,566$71,529$60,994$51,836$43,921$32,393
16 years$77,532$65,626$55,300$46,413$38,817$27,935
17 years$72,213$60,439$50,321$41,702$34,418$24,159
18 years$67,491$55,849$45,937$37,582$30,603$20,942
19 years$63,271$51,760$42,053$33,958$27,277$18,191
20 years$59,477$48,098$38,594$30,756$24,364$15,829
21 years$56,049$44,801$35,499$27,913$21,803$13,794
22 years$52,937$41,820$32,718$25,379$19,544$12,036
23 years$50,100$39,114$30,209$23,113$17,544$10,514
24 years$47,503$36,647$27,938$21,081$15,769$9,194
25 years$45,118$34,391$25,877$19,252$14,189$8,046
26 years$42,919$32,322$23,999$17,603$12,781$7,046
27 years$40,887$30,419$22,285$16,113$11,523$6,175
28 years$39,004$28,664$20,717$14,763$10,398$5,414
29 years$37,253$27,041$19,279$13,538$9,389$4,749
30 years$35,622$25,537$17,958$12,424$8,483$4,168
31 years$34,100$24,141$16,741$11,411$7,670$3,659
32 years$32,675$22,843$15,620$10,487$6,938$3,214
33 years$31,340$21,632$14,585$9,643$6,279$2,823
34 years$30,086$20,502$13,627$8,873$5,685$2,481
35 years$28,906$19,446$12,740$8,168$5,149$2,180
36 years$27,794$18,457$11,918$7,522$4,665$1,917
37 years$26,745$17,530$11,155$6,931$4,228$1,685
38 years$25,753$16,660$10,446$6,388$3,833$1,482
39 years$24,815$15,842$9,787$5,890$3,476$1,303
40 years$23,925$15,072$9,173$5,433$3,153$1,146
41 years$23,082$14,347$8,602$5,013$2,860$1,008
42 years$22,280$13,664$8,069$4,626$2,596$887
43 years$21,518$13,019$7,571$4,270$2,356$780
44 years$20,792$12,410$7,107$3,943$2,138$687
45 years$20,101$11,834$6,673$3,641$1,941$604
46 years$19,442$11,289$6,268$3,364$1,762$532
47 years$18,813$10,773$5,888$3,108$1,600$468
48 years$18,211$10,285$5,534$2,872$1,453$412
49 years$17,636$9,821$5,201$2,654$1,320$362
50 years$17,086$9,382$4,890$2,453$1,199$319

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,500,000, adding $2,448 every year, while hoping to spend $41,525 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: 64/7/29 Blend
65$17,500,000$17,500,000$17,500,000$17,500,000
66$19,287,525$18,360,025$18,088,775$20,372,562
67$21,210,670$19,215,484$18,650,567$21,963,774
68$23,328,585$20,111,469$19,229,787$23,696,999
69$25,661,091$21,049,921$19,826,975$25,590,078
70$28,230,032$22,032,877$20,442,688$27,658,734
71$31,059,477$23,062,470$21,077,500$29,920,271
72$34,175,950$24,140,938$21,732,003$32,393,737
73$37,608,679$25,270,625$22,406,807$35,100,101
74$41,389,869$26,453,991$23,102,540$38,062,446
75$45,555,011$27,693,612$23,819,851$41,306,188
76$50,143,215$28,992,191$24,559,408$44,859,307
77$55,197,575$30,352,561$25,321,900$48,752,612
78$60,765,582$31,777,691$26,108,039$53,020,030
79$66,899,568$33,270,694$26,918,555$57,698,916
80$73,657,202$34,834,836$27,754,204$62,830,410
81$81,102,031$36,473,538$28,615,765$68,459,815
82$89,304,085$38,190,388$29,504,039$74,637,026
83$98,340,532$39,989,147$30,419,855$81,416,991
84$108,296,410$41,873,759$31,364,064$88,860,233
85$119,265,430$43,848,360$32,337,547$97,033,411
86$131,350,858$45,917,284$33,341,208$106,009,946
87$144,666,491$48,085,076$34,375,984$115,870,711
88$159,337,730$50,356,502$35,442,837$126,704,788
89$175,502,767$52,736,558$36,542,760$138,610,305
90$193,313,884$55,230,484$37,676,777$151,695,357
91$212,938,894$57,843,772$38,845,943$166,079,017
92$234,562,726$60,582,182$40,051,347$181,892,462
93$258,389,166$63,451,751$41,294,110$199,280,198
94$284,642,787$66,458,812$42,575,388$218,401,423
95$313,571,061$69,610,004$43,896,373$239,431,520
96$345,446,703$72,912,288$45,258,295$262,563,707
97$380,570,239$76,372,963$46,662,421$288,010,858
98$419,272,847$79,999,681$48,110,055$316,007,498
99$461,919,481$83,800,469$49,602,546$346,812,015
100$508,912,317$87,783,741$51,141,280$380,709,090