Can I retire at age 61 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,245,234
2 years$658,180$645,922$634,042$622,523$611,351$572,785
3 years$434,428$422,117$410,267$398,857$387,866$350,545
4 years$322,574$310,301$298,569$287,354$276,629$240,840
5 years$255,479$243,280$231,702$220,715$210,289$176,129
6 years$210,764$198,656$187,250$176,508$166,395$133,893
7 years$178,837$166,831$155,605$145,117$135,323$104,480
8 years$154,902$143,005$131,966$121,735$112,264$83,059
9 years$136,297$124,512$113,662$103,691$94,542$66,945
10 years$121,421$109,751$99,093$89,383$80,555$54,526
11 years$109,257$97,705$87,240$77,790$69,280$44,775
12 years$99,129$87,694$77,423$68,232$60,036$37,005
13 years$90,565$79,250$69,173$60,239$52,353$30,742
14 years$83,231$72,036$62,152$53,473$45,892$25,647
15 years$76,880$65,806$56,115$47,689$40,407$21,469
16 years$71,329$60,376$50,876$42,700$35,712$18,022
17 years$66,436$55,604$46,295$38,366$31,665$15,164
18 years$62,092$51,381$42,262$34,575$28,155$12,784
19 years$58,209$47,619$38,689$31,242$25,095$10,795
20 years$54,719$44,250$35,506$28,295$22,415$9,128
21 years$51,565$41,217$32,659$25,680$20,059$7,727
22 years$48,702$38,475$30,100$23,349$17,980$6,547
23 years$46,092$35,985$27,792$21,264$16,140$5,552
24 years$43,703$33,715$25,703$19,394$14,507$4,711
25 years$41,508$31,640$23,806$17,712$13,054$4,000
26 years$39,486$29,737$22,079$16,195$11,759$3,398
27 years$37,616$27,986$20,502$14,824$10,601$2,887
28 years$35,883$26,371$19,060$13,582$9,566$2,455
29 years$34,273$24,878$17,737$12,455$8,638$2,087
30 years$32,773$23,494$16,521$11,430$7,805$1,775
31 years$31,372$22,210$15,402$10,498$7,056$1,510
32 years$30,061$21,015$14,370$9,648$6,383$1,285
33 years$28,833$19,902$13,418$8,872$5,777$1,094
34 years$27,679$18,862$12,537$8,163$5,230$931
35 years$26,593$17,891$11,721$7,514$4,737$793
36 years$25,571$16,981$10,965$6,921$4,292$675
37 years$24,605$16,128$10,263$6,376$3,890$574
38 years$23,693$15,327$9,611$5,877$3,527$489
39 years$22,829$14,575$9,004$5,419$3,198$416
40 years$22,011$13,867$8,440$4,998$2,901$355
41 years$21,235$13,200$7,914$4,612$2,632$302
42 years$20,498$12,571$7,423$4,256$2,388$257
43 years$19,797$11,978$6,966$3,929$2,167$219
44 years$19,129$11,417$6,539$3,628$1,967$187
45 years$18,493$10,887$6,139$3,350$1,786$159
46 years$17,887$10,386$5,766$3,095$1,621$135
47 years$17,308$9,911$5,417$2,859$1,472$115
48 years$16,754$9,462$5,091$2,642$1,337$98
49 years$16,225$9,035$4,785$2,442$1,214$84
50 years$15,719$8,631$4,499$2,257$1,103$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,100,000, adding $3,324 every year, while hoping to spend $47,481 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: 29/48/23 Blend
60$16,100,000$16,100,000$16,100,000$16,100,000
61$17,745,629$16,892,329$16,642,779$18,132,637
62$19,505,163$17,669,533$17,149,792$19,210,087
63$21,442,579$18,483,230$17,672,200$20,363,234
64$23,575,970$19,335,156$18,210,466$21,602,033
65$25,925,274$20,227,133$18,765,071$22,933,888
66$28,512,460$21,161,070$19,336,509$24,366,896
67$31,361,737$22,138,969$19,925,289$25,909,926
68$34,499,782$23,162,927$20,531,934$27,572,681
69$37,955,991$24,235,142$21,156,985$29,365,792
70$41,762,757$25,357,918$21,800,998$31,300,904
71$45,955,772$26,533,670$22,464,546$33,390,775
72$50,574,372$27,764,931$23,148,219$35,649,392
73$55,661,899$29,054,354$23,852,626$38,092,087
74$61,266,115$30,404,719$24,578,391$40,735,673
75$67,439,652$31,818,944$25,326,161$43,598,591
76$74,240,509$33,300,085$26,096,599$46,701,075
77$81,732,596$34,851,344$26,890,391$50,065,324
78$89,986,342$36,476,082$27,708,240$53,715,705
79$99,079,357$38,177,817$28,550,874$57,678,965
80$109,097,163$39,960,242$29,419,040$61,984,473
81$120,134,004$41,827,224$30,313,508$66,664,478
82$132,293,734$43,782,819$31,235,072$71,754,401
83$145,690,797$45,831,280$32,184,549$77,293,151
84$160,451,309$47,977,063$33,162,782$83,323,477
85$176,714,244$50,224,841$34,170,637$89,892,350
86$194,632,751$52,579,513$35,209,008$97,051,394
87$214,375,596$55,046,213$36,278,814$104,857,348
88$236,128,756$57,630,327$37,381,003$113,372,582
89$260,097,174$60,337,497$38,516,552$122,665,665
90$286,506,694$63,173,643$39,686,464$132,811,993
91$315,606,193$66,144,967$40,891,777$143,894,472
92$347,669,929$69,257,975$42,133,555$156,004,277
93$383,000,130$72,519,485$43,412,899$169,241,690
94$421,929,851$75,936,646$44,730,938$183,717,017
95$464,826,109$79,516,956$46,088,838$199,551,601
96$512,093,358$83,268,272$47,487,799$216,878,940
97$564,177,297$87,198,834$48,929,058$235,845,915
98$621,569,087$91,317,283$50,413,886$256,614,142
99$684,809,979$95,632,675$51,943,597$279,361,468
100$754,496,429$100,154,507$53,519,539$304,283,611