Can I retire at age 61 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,256,278
2 years$654,092$641,910$630,104$618,657$607,554$587,870
3 years$431,730$419,495$407,719$396,379$385,457$366,286
4 years$320,570$308,373$296,715$285,569$274,911$256,402
5 years$253,892$241,768$230,263$219,344$208,983$191,188
6 years$209,455$197,422$186,087$175,411$165,361$148,301
7 years$177,726$165,795$154,639$144,215$134,483$118,164
8 years$153,940$142,117$131,146$120,979$111,567$95,986
9 years$135,450$123,738$112,956$103,047$93,955$79,104
10 years$120,667$109,069$98,478$88,828$80,054$65,922
11 years$108,579$97,098$86,698$77,307$68,850$55,421
12 years$98,513$87,150$76,942$67,808$59,664$46,923
13 years$90,002$78,758$68,743$59,865$52,028$39,956
14 years$82,714$71,589$61,766$53,141$45,607$34,186
15 years$76,403$65,398$55,766$47,392$40,156$29,364
16 years$70,886$60,001$50,560$42,435$35,490$25,305
17 years$66,023$55,259$46,008$38,127$31,468$21,869
18 years$61,706$51,062$41,999$34,360$27,980$18,944
19 years$57,847$47,323$38,448$31,048$24,939$16,443
20 years$54,379$43,975$35,286$28,120$22,276$14,297
21 years$51,245$40,961$32,456$25,520$19,935$12,450
22 years$48,400$38,236$29,913$23,204$17,869$10,855
23 years$45,806$35,761$27,620$21,132$16,040$9,475
24 years$43,431$33,506$25,544$19,274$14,417$8,279
25 years$41,250$31,444$23,659$17,602$12,973$7,239
26 years$39,241$29,552$21,942$16,094$11,686$6,335
27 years$37,383$27,812$20,375$14,731$10,536$5,547
28 years$35,661$26,207$18,941$13,497$9,506$4,860
29 years$34,060$24,723$17,627$12,377$8,584$4,260
30 years$32,569$23,348$16,418$11,359$7,756$3,735
31 years$31,177$22,072$15,306$10,433$7,012$3,277
32 years$29,875$20,885$14,281$9,588$6,343$2,875
33 years$28,654$19,778$13,334$8,817$5,741$2,524
34 years$27,507$18,745$12,459$8,112$5,197$2,216
35 years$26,428$17,779$11,648$7,468$4,708$1,946
36 years$25,412$16,875$10,897$6,878$4,265$1,709
37 years$24,452$16,028$10,199$6,337$3,866$1,501
38 years$23,546$15,232$9,551$5,841$3,505$1,319
39 years$22,688$14,484$8,948$5,385$3,178$1,159
40 years$21,875$13,780$8,387$4,967$2,883$1,018
41 years$21,103$13,118$7,864$4,583$2,615$895
42 years$20,370$12,493$7,377$4,230$2,373$787
43 years$19,674$11,903$6,922$3,904$2,154$692
44 years$19,010$11,346$6,498$3,605$1,955$608
45 years$18,378$10,820$6,101$3,329$1,775$534
46 years$17,776$10,322$5,731$3,075$1,611$470
47 years$17,200$9,850$5,384$2,841$1,463$413
48 years$16,650$9,403$5,059$2,625$1,329$363
49 years$16,125$8,979$4,755$2,426$1,207$319
50 years$15,622$8,577$4,471$2,243$1,096$281

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,000,000, adding $5,971 every year, while hoping to spend $50,910 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: 76/8/16 Blend
60$16,000,000$16,000,000$16,000,000$16,000,000
61$17,638,159$16,790,159$16,542,159$18,916,218
62$19,383,083$17,558,709$17,042,154$20,530,039
63$21,304,284$18,363,212$17,557,192$22,291,912
64$23,419,687$19,205,375$18,087,723$24,222,160
65$25,749,045$20,086,989$18,634,212$26,337,554
66$28,314,125$21,009,929$19,197,136$28,656,561
67$31,138,912$21,976,161$19,776,986$31,199,514
68$34,249,835$22,987,747$20,374,269$33,988,806
69$37,676,016$24,046,845$20,989,505$37,049,095
70$41,449,548$25,155,718$21,623,232$40,407,537
71$45,605,793$26,316,740$22,276,002$44,094,040
72$50,183,720$27,532,396$22,948,384$48,141,544
73$55,226,269$28,805,292$23,640,963$52,586,328
74$60,780,757$30,138,161$24,354,345$57,468,350
75$66,899,328$31,533,864$25,089,149$62,831,625
76$73,639,439$32,995,403$25,846,015$68,724,633
77$81,064,408$34,525,924$26,625,603$75,200,775
78$89,244,006$36,128,723$27,428,589$82,318,877
79$98,255,121$37,807,257$28,255,673$90,143,738
80$108,182,479$39,565,148$29,107,573$98,746,742
81$119,119,445$41,406,193$29,985,031$108,206,526
82$131,168,906$43,334,375$30,888,807$118,609,719
83$144,444,240$45,353,864$31,819,687$130,051,757
84$159,070,384$47,469,035$32,778,478$142,637,781
85$175,185,020$49,684,474$33,766,014$156,483,622
86$192,939,866$52,004,988$34,783,149$171,716,894
87$212,502,114$54,435,614$35,830,767$188,478,192
88$234,056,008$56,981,637$36,909,775$206,922,418
89$257,804,576$59,648,593$38,021,108$227,220,231
90$283,971,557$62,442,288$39,165,729$249,559,664
91$312,803,503$65,368,807$40,344,629$274,147,885
92$344,572,113$68,434,532$41,558,827$301,213,152
93$379,576,796$71,646,151$42,809,374$331,006,958
94$418,147,493$75,010,676$44,097,353$363,806,407
95$460,647,798$78,535,460$45,423,875$399,916,816
96$507,478,386$82,228,210$46,790,087$439,674,594
97$559,080,796$86,097,007$48,197,170$483,450,414
98$615,941,600$90,150,323$49,646,337$531,652,702
99$678,596,994$94,397,040$51,138,841$584,731,485
100$747,637,863$98,846,471$52,675,968$643,182,636