Can I retire at age 66 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,354,888
2 years$723,589$710,113$697,052$684,389$672,106$615,858
3 years$477,601$464,066$451,039$438,495$426,412$372,222
4 years$354,631$341,138$328,241$315,911$304,120$252,401
5 years$280,868$267,456$254,728$242,650$231,188$182,069
6 years$231,709$218,398$205,858$194,049$182,931$136,445
7 years$196,609$183,410$171,069$159,538$148,772$104,901
8 years$170,296$157,217$145,080$133,833$123,420$82,119
9 years$149,842$136,885$124,958$113,996$103,938$65,142
10 years$133,487$120,658$108,941$98,265$88,560$52,194
11 years$120,115$107,415$95,910$85,520$76,165$42,142
12 years$108,980$96,409$85,118$75,013$66,003$34,231
13 years$99,565$87,126$76,047$66,225$57,556$27,938
14 years$91,502$79,195$68,328$58,787$50,453$22,888
15 years$84,521$72,346$61,691$52,428$44,423$18,809
16 years$78,418$66,376$55,932$46,944$39,261$15,495
17 years$73,038$61,130$50,896$42,178$34,812$12,790
18 years$68,262$56,487$46,462$38,011$30,953$10,575
19 years$63,994$52,351$42,533$34,346$27,589$8,756
20 years$60,157$48,648$39,035$31,107$24,643$7,257
21 years$56,690$45,313$35,905$28,232$22,053$6,021
22 years$53,542$42,298$33,092$25,669$19,767$4,999
23 years$50,673$39,561$30,554$23,377$17,744$4,153
24 years$48,046$37,066$28,258$21,322$15,949$3,452
25 years$45,633$34,784$26,172$19,472$14,351$2,871
26 years$43,410$32,692$24,273$17,804$12,927$2,388
27 years$41,355$30,767$22,540$16,297$11,655$1,987
28 years$39,449$28,991$20,954$14,931$10,517$1,654
29 years$37,679$27,350$19,499$13,692$9,496$1,377
30 years$36,030$25,829$18,163$12,566$8,580$1,146
31 years$34,490$24,417$16,933$11,541$7,757$955
32 years$33,049$23,104$15,799$10,606$7,017$795
33 years$31,698$21,879$14,751$9,753$6,351$662
34 years$30,430$20,737$13,783$8,974$5,750$552
35 years$29,236$19,669$12,886$8,261$5,208$460
36 years$28,112$18,668$12,054$7,608$4,718$383
37 years$27,050$17,731$11,283$7,010$4,277$319
38 years$26,047$16,850$10,566$6,461$3,877$266
39 years$25,098$16,023$9,899$5,958$3,516$221
40 years$24,199$15,245$9,278$5,495$3,189$184
41 years$23,345$14,511$8,700$5,070$2,893$154
42 years$22,535$13,820$8,161$4,679$2,625$128
43 years$21,764$13,168$7,658$4,319$2,383$107
44 years$21,030$12,552$7,188$3,988$2,163$89
45 years$20,331$11,969$6,750$3,683$1,963$74
46 years$19,664$11,418$6,339$3,402$1,783$62
47 years$19,028$10,896$5,956$3,143$1,619$51
48 years$18,419$10,402$5,597$2,904$1,470$43
49 years$17,838$9,933$5,261$2,684$1,335$36
50 years$17,281$9,489$4,946$2,481$1,213$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $17,700,000, adding $6,469 every year, while hoping to spend $25,119 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: 56/16/28 Blend
65$17,700,000$17,700,000$17,700,000$17,700,000
66$19,512,073$18,573,973$18,299,623$20,453,795
67$21,475,578$19,457,371$18,885,934$21,985,932
68$23,638,518$20,383,214$19,491,044$23,651,289
69$26,021,211$21,353,555$20,115,557$25,465,344
70$28,646,042$22,370,546$20,760,096$27,442,455
71$31,537,681$23,436,447$21,425,303$29,598,411
72$34,723,315$24,553,623$22,111,841$31,950,577
73$38,232,901$25,724,558$22,820,395$34,518,057
74$42,099,450$26,951,855$23,551,672$37,321,863
75$46,359,341$28,238,243$24,306,400$40,385,116
76$51,052,663$29,586,585$25,085,333$43,733,252
77$56,223,590$30,999,883$25,889,247$47,394,262
78$61,920,803$32,481,285$26,718,944$51,398,948
79$68,197,948$34,034,091$27,575,252$55,781,209
80$75,114,141$35,661,763$28,459,025$60,578,355
81$82,734,525$37,367,932$29,371,144$65,831,452
82$91,130,889$39,156,402$30,312,519$71,585,705
83$100,382,341$41,031,168$31,284,090$77,890,875
84$110,576,058$42,996,414$32,286,826$84,801,743
85$121,808,109$45,056,530$33,321,727$92,378,622
86$134,184,357$47,216,122$34,389,826$100,687,914
87$147,821,465$49,480,015$35,492,189$109,802,732
88$162,847,993$51,853,274$36,629,915$119,803,582
89$179,405,611$54,341,208$37,804,141$130,779,112
90$197,650,441$56,949,385$39,016,037$142,826,941
91$217,754,526$59,683,644$40,266,814$156,054,569
92$239,907,455$62,550,110$41,557,720$170,580,386
93$264,318,155$65,555,205$42,890,043$186,534,776
94$291,216,861$68,705,664$44,265,113$204,061,336
95$320,857,289$72,008,550$45,684,303$223,318,224
96$353,519,035$75,471,272$47,149,030$244,479,636
97$389,510,210$79,101,597$48,660,756$267,737,440
98$429,170,350$82,907,674$50,220,989$293,302,977
99$472,873,622$86,898,046$51,831,289$321,409,036
100$521,032,357$91,081,676$53,493,263$352,312,046