Can I retire at age 69 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,316,431
2 years$694,972$682,029$669,485$657,323$645,526$606,371
3 years$458,713$445,714$433,201$421,153$409,548$371,638
4 years$340,606$327,647$315,260$303,417$292,093$255,719
5 years$269,760$256,879$244,654$233,053$222,044$187,305
6 years$222,546$209,761$197,717$186,375$175,696$142,624
7 years$188,834$176,157$164,304$153,229$142,888$111,482
8 years$163,562$150,999$139,343$128,540$118,539$88,782
9 years$143,916$131,472$120,016$109,487$99,827$71,688
10 years$128,208$115,886$104,632$94,379$85,058$58,499
11 years$115,365$103,166$92,117$82,138$73,153$48,130
12 years$104,670$92,597$81,751$72,046$63,393$39,857
13 years$95,628$83,680$73,039$63,606$55,280$33,179
14 years$87,883$76,063$65,626$56,462$48,458$27,737
15 years$81,178$69,485$59,252$50,355$42,666$23,268
16 years$75,316$63,751$53,720$45,087$37,708$19,575
17 years$70,150$58,712$48,883$40,510$33,435$16,507
18 years$65,562$54,253$44,624$36,508$29,729$13,947
19 years$61,463$50,281$40,851$32,988$26,498$11,803
20 years$57,778$46,724$37,491$29,877$23,668$10,003
21 years$54,448$43,521$34,485$27,115$21,180$8,487
22 years$51,425$40,625$31,783$24,654$18,985$7,208
23 years$48,669$37,996$29,346$22,453$17,042$6,127
24 years$46,146$35,600$27,140$20,478$15,318$5,212
25 years$43,829$33,409$25,137$18,702$13,784$4,436
26 years$41,693$31,399$23,313$17,100$12,416$3,777
27 years$39,719$29,550$21,649$15,652$11,194$3,218
28 years$37,889$27,845$20,125$14,341$10,101$2,742
29 years$36,189$26,268$18,728$13,151$9,121$2,337
30 years$34,605$24,808$17,445$12,069$8,241$1,993
31 years$33,126$23,452$16,263$11,085$7,451$1,700
32 years$31,742$22,190$15,174$10,187$6,740$1,450
33 years$30,445$21,014$14,168$9,368$6,099$1,237
34 years$29,226$19,917$13,238$8,619$5,522$1,056
35 years$28,080$18,891$12,376$7,934$5,002$901
36 years$27,000$17,930$11,578$7,307$4,532$769
37 years$25,981$17,029$10,836$6,733$4,107$656
38 years$25,017$16,184$10,148$6,206$3,724$560
39 years$24,106$15,389$9,507$5,722$3,377$478
40 years$23,242$14,642$8,911$5,278$3,063$408
41 years$22,422$13,938$8,356$4,869$2,779$349
42 years$21,643$13,274$7,838$4,494$2,521$298
43 years$20,903$12,647$7,355$4,148$2,288$254
44 years$20,198$12,055$6,904$3,830$2,077$217
45 years$19,527$11,496$6,483$3,537$1,886$185
46 years$18,886$10,967$6,089$3,268$1,712$158
47 years$18,275$10,465$5,720$3,019$1,555$135
48 years$17,691$9,991$5,375$2,790$1,412$115
49 years$17,132$9,541$5,053$2,578$1,282$98
50 years$16,598$9,114$4,750$2,383$1,165$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,000,000, adding $5,063 every year, while hoping to spend $31,303 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: 71/21/8 Blend
68$17,000,000$17,000,000$17,000,000$17,000,000
69$18,739,222$17,838,222$17,574,722$20,044,157
70$20,617,317$18,678,989$18,130,170$21,748,042
71$22,685,928$19,559,904$18,703,175$23,608,087
72$24,964,455$20,482,902$19,294,294$25,643,146
73$27,474,276$21,450,011$19,904,099$27,870,438
74$30,238,947$22,463,356$20,533,181$30,308,913
75$33,284,427$23,525,168$21,182,150$32,979,421
76$36,639,320$24,637,783$21,851,634$35,904,913
77$40,335,149$25,803,652$22,542,282$39,110,643
78$44,406,649$27,025,346$23,254,763$42,624,412
79$48,892,097$28,305,558$23,989,767$46,476,820
80$53,833,674$29,647,114$24,748,008$50,701,549
81$59,277,861$31,052,975$25,530,219$55,335,683
82$65,275,880$32,526,247$26,337,158$60,420,044
83$71,884,175$34,070,188$27,169,607$65,999,577
84$79,164,945$35,688,212$28,028,374$72,123,769
85$87,186,734$37,383,899$28,914,289$78,847,106
86$96,025,075$39,161,005$29,828,212$86,229,585
87$105,763,204$41,023,465$30,771,028$94,337,272
88$116,492,845$42,975,408$31,743,651$103,242,920
89$128,315,075$45,021,163$32,747,024$113,026,644
90$141,341,282$47,165,269$33,782,118$123,776,676
91$155,694,210$49,412,486$34,849,937$135,590,188
92$171,509,125$51,767,803$35,951,516$148,574,197
93$188,935,086$54,236,455$37,087,921$162,846,572
94$208,136,354$56,823,931$38,260,256$178,537,135
95$229,293,943$59,535,984$39,469,655$195,788,875
96$252,607,328$62,378,650$40,717,291$214,759,293
97$278,296,328$65,358,256$42,004,373$235,621,875
98$306,603,182$68,481,439$43,332,148$258,567,717
99$337,794,835$71,755,159$44,701,904$283,807,323
100$372,165,458$75,186,711$46,114,967$311,572,575