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%11.5%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,275,746
2 years$658,180$645,922$634,042$622,523$611,351$603,189
3 years$434,428$422,117$410,267$398,857$387,866$379,887
4 years$322,574$310,301$298,569$287,354$276,629$268,894
5 years$255,479$243,280$231,702$220,715$210,289$202,820
6 years$210,764$198,656$187,250$176,508$166,395$159,202
7 years$178,837$166,831$155,605$145,117$135,323$128,410
8 years$154,902$143,005$131,966$121,735$112,264$105,630
9 years$136,297$124,512$113,662$103,691$94,542$88,187
10 years$121,421$109,751$99,093$89,383$80,555$74,474
11 years$109,257$97,705$87,240$77,790$69,280$63,470
12 years$99,129$87,694$77,423$68,232$60,036$54,492
13 years$90,565$79,250$69,173$60,239$52,353$47,069
14 years$83,231$72,036$62,152$53,473$45,892$40,862
15 years$76,880$65,806$56,115$47,689$40,407$35,624
16 years$71,329$60,376$50,876$42,700$35,712$31,169
17 years$66,436$55,604$46,295$38,366$31,665$27,355
18 years$62,092$51,381$42,262$34,575$28,155$24,071
19 years$58,209$47,619$38,689$31,242$25,095$21,229
20 years$54,719$44,250$35,506$28,295$22,415$18,760
21 years$51,565$41,217$32,659$25,680$20,059$16,606
22 years$48,702$38,475$30,100$23,349$17,980$14,721
23 years$46,092$35,985$27,792$21,264$16,140$13,068
24 years$43,703$33,715$25,703$19,394$14,507$11,613
25 years$41,508$31,640$23,806$17,712$13,054$10,331
26 years$39,486$29,737$22,079$16,195$11,759$9,199
27 years$37,616$27,986$20,502$14,824$10,601$8,197
28 years$35,883$26,371$19,060$13,582$9,566$7,309
29 years$34,273$24,878$17,737$12,455$8,638$6,522
30 years$32,773$23,494$16,521$11,430$7,805$5,823
31 years$31,372$22,210$15,402$10,498$7,056$5,201
32 years$30,061$21,015$14,370$9,648$6,383$4,647
33 years$28,833$19,902$13,418$8,872$5,777$4,154
34 years$27,679$18,862$12,537$8,163$5,230$3,715
35 years$26,593$17,891$11,721$7,514$4,737$3,323
36 years$25,571$16,981$10,965$6,921$4,292$2,974
37 years$24,605$16,128$10,263$6,376$3,890$2,661
38 years$23,693$15,327$9,611$5,877$3,527$2,382
39 years$22,829$14,575$9,004$5,419$3,198$2,133
40 years$22,011$13,867$8,440$4,998$2,901$1,910
41 years$21,235$13,200$7,914$4,612$2,632$1,711
42 years$20,498$12,571$7,423$4,256$2,388$1,533
43 years$19,797$11,978$6,966$3,929$2,167$1,373
44 years$19,129$11,417$6,539$3,628$1,967$1,230
45 years$18,493$10,887$6,139$3,350$1,786$1,102
46 years$17,887$10,386$5,766$3,095$1,621$988
47 years$17,308$9,911$5,417$2,859$1,472$885
48 years$16,754$9,462$5,091$2,642$1,337$794
49 years$16,225$9,035$4,785$2,442$1,214$711
50 years$15,719$8,631$4,499$2,257$1,103$638

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 $4,528 every year, while hoping to spend $26,222 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: 39/43/18 Blend
60$16,100,000$16,100,000$16,100,000$16,100,000
61$17,746,871$16,893,571$16,644,021$18,343,408
62$19,529,151$17,693,456$17,173,695$19,570,914
63$21,492,346$18,531,656$17,720,235$20,894,475
64$23,654,880$19,410,022$18,284,178$22,325,064
65$26,037,057$20,330,492$18,866,077$23,872,386
66$28,661,252$21,295,102$19,466,506$25,547,081
67$31,552,120$22,305,982$20,086,054$27,360,817
68$34,736,830$23,365,368$20,725,330$29,326,392
69$38,245,322$24,475,607$21,384,964$31,457,849
70$42,110,588$25,639,155$22,065,604$33,770,597
71$46,368,984$26,858,590$22,767,918$36,281,549
72$51,060,576$28,136,616$23,492,599$39,009,270
73$56,229,511$29,476,067$24,240,357$41,974,147
74$61,924,442$30,879,915$25,011,930$45,198,566
75$68,198,981$32,351,276$25,808,075$48,707,117
76$75,112,207$33,893,419$26,629,576$52,526,809
77$82,729,225$35,509,770$27,477,240$56,687,320
78$91,121,780$37,203,922$28,351,901$61,221,261
79$100,368,932$38,979,645$29,254,420$66,164,469
80$110,557,805$40,840,889$30,185,685$71,556,337
81$121,784,406$42,791,798$31,146,611$77,440,166
82$134,154,537$44,836,718$32,138,144$83,863,564
83$147,784,787$46,980,204$33,161,259$90,878,874
84$162,803,637$49,227,035$34,216,962$98,543,659
85$179,352,671$51,582,223$35,306,293$106,921,222
86$197,587,912$54,051,021$36,430,323$116,081,188
87$217,681,299$56,638,940$37,590,158$126,100,144
88$239,822,302$59,351,759$38,786,940$137,062,341
89$264,219,719$62,195,538$40,021,845$149,060,467
90$291,103,643$65,176,631$41,296,089$162,196,505
91$320,727,632$68,301,704$42,610,925$176,582,668
92$353,371,108$71,577,745$43,967,649$192,342,441
93$389,341,990$75,012,083$45,367,594$209,611,714
94$428,979,603$78,612,406$46,812,139$228,540,048
95$472,657,882$82,386,773$48,302,705$249,292,051
96$520,788,900$86,343,639$49,840,759$272,048,911
97$573,826,758$90,491,868$51,427,815$297,010,072
98$632,271,876$94,840,758$53,065,436$324,395,090
99$696,675,713$99,400,060$54,755,233$354,445,667
100$767,645,971$104,179,999$56,498,869$387,427,906