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%15%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,257,401
2 years$658,180$645,922$634,042$622,523$611,351$584,838
3 years$434,428$422,117$410,267$398,857$387,866$362,103
4 years$322,574$310,301$298,569$287,354$276,629$251,814
5 years$255,479$243,280$231,702$220,715$210,289$186,492
6 years$210,764$198,656$187,250$176,508$166,395$143,642
7 years$178,837$166,831$155,605$145,117$135,323$113,619
8 years$154,902$143,005$131,966$121,735$112,264$91,602
9 years$136,297$124,512$113,662$103,691$94,542$74,908
10 years$121,421$109,751$99,093$89,383$80,555$61,930
11 years$109,257$97,705$87,240$77,790$69,280$51,640
12 years$99,129$87,694$77,423$68,232$60,036$43,356
13 years$90,565$79,250$69,173$60,239$52,353$36,604
14 years$83,231$72,036$62,152$53,473$45,892$31,043
15 years$76,880$65,806$56,115$47,689$40,407$26,427
16 years$71,329$60,376$50,876$42,700$35,712$22,567
17 years$66,436$55,604$46,295$38,366$31,665$19,322
18 years$62,092$51,381$42,262$34,575$28,155$16,580
19 years$58,209$47,619$38,689$31,242$25,095$14,254
20 years$54,719$44,250$35,506$28,295$22,415$12,274
21 years$51,565$41,217$32,659$25,680$20,059$10,583
22 years$48,702$38,475$30,100$23,349$17,980$9,136
23 years$46,092$35,985$27,792$21,264$16,140$7,894
24 years$43,703$33,715$25,703$19,394$14,507$6,827
25 years$41,508$31,640$23,806$17,712$13,054$5,909
26 years$39,486$29,737$22,079$16,195$11,759$5,117
27 years$37,616$27,986$20,502$14,824$10,601$4,434
28 years$35,883$26,371$19,060$13,582$9,566$3,844
29 years$34,273$24,878$17,737$12,455$8,638$3,334
30 years$32,773$23,494$16,521$11,430$7,805$2,892
31 years$31,372$22,210$15,402$10,498$7,056$2,510
32 years$30,061$21,015$14,370$9,648$6,383$2,179
33 years$28,833$19,902$13,418$8,872$5,777$1,892
34 years$27,679$18,862$12,537$8,163$5,230$1,643
35 years$26,593$17,891$11,721$7,514$4,737$1,427
36 years$25,571$16,981$10,965$6,921$4,292$1,240
37 years$24,605$16,128$10,263$6,376$3,890$1,077
38 years$23,693$15,327$9,611$5,877$3,527$936
39 years$22,829$14,575$9,004$5,419$3,198$813
40 years$22,011$13,867$8,440$4,998$2,901$707
41 years$21,235$13,200$7,914$4,612$2,632$614
42 years$20,498$12,571$7,423$4,256$2,388$534
43 years$19,797$11,978$6,966$3,929$2,167$464
44 years$19,129$11,417$6,539$3,628$1,967$403
45 years$18,493$10,887$6,139$3,350$1,786$351
46 years$17,887$10,386$5,766$3,095$1,621$305
47 years$17,308$9,911$5,417$2,859$1,472$265
48 years$16,754$9,462$5,091$2,642$1,337$230
49 years$16,225$9,035$4,785$2,442$1,214$200
50 years$15,719$8,631$4,499$2,257$1,103$174

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 $3,113 every year, while hoping to spend $24,677 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: 56/14/30 Blend
60$16,100,000$16,100,000$16,100,000$16,100,000
61$17,745,411$16,892,111$16,642,561$18,591,612
62$19,529,187$17,693,568$17,173,831$19,977,019
63$21,494,081$18,533,470$17,722,071$21,482,986
64$23,658,541$19,413,674$18,287,824$23,123,459
65$26,042,895$20,336,127$18,871,650$24,911,444
66$28,669,547$21,302,874$19,474,126$26,861,244
67$31,563,180$22,316,054$20,095,849$28,988,593
68$34,750,998$23,377,915$20,737,434$31,310,799
69$38,262,978$24,490,810$21,399,515$33,846,904
70$42,132,152$25,657,210$22,082,749$36,617,859
71$46,394,921$26,879,703$22,787,811$39,646,717
72$51,091,400$28,161,005$23,515,400$42,958,850
73$56,265,791$29,503,963$24,266,234$46,582,177
74$61,966,808$30,911,563$25,041,059$50,547,429
75$68,248,128$32,386,935$25,840,640$54,888,429
76$75,168,905$33,933,363$26,665,769$59,642,410
77$82,794,324$35,554,289$27,517,263$64,850,359
78$91,196,219$37,253,323$28,395,966$70,557,395
79$100,453,749$39,034,251$29,302,746$76,813,197
80$110,654,146$40,901,044$30,238,502$83,672,458
81$121,893,537$42,857,864$31,204,161$91,195,400
82$134,277,856$44,909,078$32,200,679$99,448,333
83$147,923,838$47,059,262$33,229,042$108,504,274
84$162,960,123$49,313,220$34,290,268$118,443,634
85$179,528,473$51,675,985$35,385,410$129,354,959
86$197,785,107$54,152,838$36,515,550$141,335,769
87$217,902,176$56,749,316$37,681,810$154,493,461
88$240,069,391$59,471,225$38,885,343$168,946,321
89$264,495,809$62,324,656$40,127,343$184,824,626
90$291,411,811$65,315,993$41,409,038$202,271,868
91$321,071,275$68,451,935$42,731,700$221,446,098
92$353,753,970$71,739,506$44,096,637$242,521,405
93$389,768,204$75,186,070$45,505,203$265,689,552
94$429,453,726$78,799,353$46,958,792$291,161,774
95$473,184,940$82,587,455$48,458,846$319,170,758
96$521,374,436$86,558,873$50,006,850$349,972,831
97$574,476,887$90,722,516$51,604,337$383,850,365
98$632,993,339$95,087,728$53,252,892$421,114,429
99$697,475,943$99,664,311$54,954,148$462,107,711
100$768,533,167$104,462,540$56,709,789$507,207,743