Can I retire at age 67 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%12.8%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,394,943
2 years$723,589$710,113$697,052$684,389$672,106$655,518
3 years$477,601$464,066$451,039$438,495$426,412$410,231
4 years$354,631$341,138$328,241$315,911$304,120$288,472
5 years$280,868$267,456$254,728$242,650$231,188$216,116
6 years$231,709$218,398$205,858$194,049$182,931$168,455
7 years$196,609$183,410$171,069$159,538$148,772$134,898
8 years$170,296$157,217$145,080$133,833$123,420$110,147
9 years$149,842$136,885$124,958$113,996$103,938$91,260
10 years$133,487$120,658$108,941$98,265$88,560$76,469
11 years$120,115$107,415$95,910$85,520$76,165$64,650
12 years$108,980$96,409$85,118$75,013$66,003$55,052
13 years$99,565$87,126$76,047$66,225$57,556$47,155
14 years$91,502$79,195$68,328$58,787$50,453$40,588
15 years$84,521$72,346$61,691$52,428$44,423$35,077
16 years$78,418$66,376$55,932$46,944$39,261$30,419
17 years$73,038$61,130$50,896$42,178$34,812$26,456
18 years$68,262$56,487$46,462$38,011$30,953$23,066
19 years$63,994$52,351$42,533$34,346$27,589$20,153
20 years$60,157$48,648$39,035$31,107$24,643$17,640
21 years$56,690$45,313$35,905$28,232$22,053$15,465
22 years$53,542$42,298$33,092$25,669$19,767$13,577
23 years$50,673$39,561$30,554$23,377$17,744$11,933
24 years$48,046$37,066$28,258$21,322$15,949$10,499
25 years$45,633$34,784$26,172$19,472$14,351$9,246
26 years$43,410$32,692$24,273$17,804$12,927$8,149
27 years$41,355$30,767$22,540$16,297$11,655$7,187
28 years$39,449$28,991$20,954$14,931$10,517$6,343
29 years$37,679$27,350$19,499$13,692$9,496$5,600
30 years$36,030$25,829$18,163$12,566$8,580$4,947
31 years$34,490$24,417$16,933$11,541$7,757$4,372
32 years$33,049$23,104$15,799$10,606$7,017$3,865
33 years$31,698$21,879$14,751$9,753$6,351$3,418
34 years$30,430$20,737$13,783$8,974$5,750$3,024
35 years$29,236$19,669$12,886$8,261$5,208$2,676
36 years$28,112$18,668$12,054$7,608$4,718$2,368
37 years$27,050$17,731$11,283$7,010$4,277$2,096
38 years$26,047$16,850$10,566$6,461$3,877$1,856
39 years$25,098$16,023$9,899$5,958$3,516$1,643
40 years$24,199$15,245$9,278$5,495$3,189$1,455
41 years$23,345$14,511$8,700$5,070$2,893$1,289
42 years$22,535$13,820$8,161$4,679$2,625$1,142
43 years$21,764$13,168$7,658$4,319$2,383$1,011
44 years$21,030$12,552$7,188$3,988$2,163$896
45 years$20,331$11,969$6,750$3,683$1,963$794
46 years$19,664$11,418$6,339$3,402$1,783$703
47 years$19,028$10,896$5,956$3,143$1,619$623
48 years$18,419$10,402$5,597$2,904$1,470$552
49 years$17,838$9,933$5,261$2,684$1,335$490
50 years$17,281$9,489$4,946$2,481$1,213$434

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $17,700,000, adding $6,049 every year, while hoping to spend $34,867 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: 44/36/20 Blend
66$17,700,000$17,700,000$17,700,000$17,700,000
67$19,511,640$18,573,540$18,299,190$20,256,926
68$21,464,729$19,446,545$18,875,114$21,655,665
69$23,615,864$20,361,159$19,469,164$23,166,973
70$25,985,210$21,319,383$20,081,908$24,804,423
71$28,594,986$22,323,317$20,713,937$26,579,703
72$31,469,676$23,375,162$21,365,856$28,505,642
73$34,636,262$24,477,224$22,038,291$30,596,323
74$38,124,475$25,631,922$22,731,888$32,867,209
75$41,967,078$26,841,793$23,447,313$35,335,282
76$46,200,175$28,109,495$24,185,252$38,019,194
77$50,863,550$29,437,818$24,946,415$40,939,435
78$56,001,044$30,829,683$25,731,533$44,118,517
79$61,660,970$32,288,156$26,541,358$47,581,181
80$67,896,564$33,816,451$27,376,668$51,354,613
81$74,766,493$35,417,937$28,238,266$55,468,699
82$82,335,406$37,096,146$29,126,979$59,956,291
83$90,674,544$38,854,784$30,043,659$64,853,507
84$99,862,413$40,697,734$30,989,188$70,200,062
85$109,985,525$42,629,070$31,964,472$76,039,631
86$121,139,216$44,653,061$32,970,448$82,420,244
87$133,428,540$46,774,185$34,008,082$89,394,733
88$146,969,269$48,997,138$35,078,371$97,021,212
89$161,888,979$51,326,842$36,182,341$105,363,612
90$178,328,258$53,768,461$37,321,053$114,492,269
91$196,442,032$56,327,407$38,495,599$124,484,575
92$216,401,025$59,009,356$39,707,109$135,425,687
93$238,393,377$61,820,261$40,956,743$147,409,319
94$262,626,410$64,766,363$42,245,703$160,538,602
95$289,328,596$67,854,207$43,575,226$174,927,044
96$318,751,705$71,090,655$44,946,588$190,699,581
97$351,173,186$74,482,904$46,361,106$207,993,731
98$386,898,785$78,038,501$47,820,138$226,960,876
99$426,265,433$81,765,359$49,325,084$247,767,664
100$469,644,422$85,671,777$50,877,389$270,597,561