Can I retire at age 61 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,280,987
2 years$662,268$649,934$637,980$626,390$615,148$604,239
3 years$437,126$424,739$412,815$401,334$390,275$379,619
4 years$324,577$312,228$300,424$289,139$278,348$268,027
5 years$257,066$244,791$233,141$222,086$211,595$201,640
6 years$212,073$199,890$188,413$177,604$167,428$157,851
7 years$179,948$167,867$156,572$146,018$136,164$126,969
8 years$155,865$143,893$132,785$122,491$112,961$104,148
9 years$137,143$125,285$114,368$104,335$95,130$86,696
10 years$122,175$110,433$99,709$89,938$81,055$72,996
11 years$109,936$98,312$87,782$78,273$69,710$62,020
12 years$99,744$88,239$77,904$68,656$60,409$53,080
13 years$91,127$79,742$69,602$60,613$52,678$45,702
14 years$83,748$72,484$62,538$53,805$46,177$39,546
15 years$77,358$66,215$56,463$47,985$40,658$34,362
16 years$71,772$60,751$51,192$42,965$35,934$29,962
17 years$66,849$55,950$46,583$38,604$31,861$26,205
18 years$62,477$51,700$42,524$34,790$28,330$22,977
19 years$58,570$47,915$38,929$31,436$25,251$20,192
20 years$55,059$44,525$35,727$28,471$22,555$17,779
21 years$51,886$41,473$32,862$25,839$20,184$15,679
22 years$49,005$38,714$30,287$23,494$18,092$13,848
23 years$46,378$36,208$27,965$21,396$16,240$12,246
24 years$43,974$33,925$25,863$19,515$14,597$10,842
25 years$41,766$31,837$23,954$17,822$13,135$9,607
26 years$39,731$29,921$22,216$16,295$11,832$8,521
27 years$37,850$28,159$20,630$14,916$10,667$7,563
28 years$36,106$26,534$19,178$13,666$9,625$6,717
29 years$34,486$25,032$17,847$12,532$8,691$5,970
30 years$32,976$23,640$16,624$11,501$7,853$5,308
31 years$31,567$22,348$15,498$10,563$7,100$4,722
32 years$30,248$21,146$14,460$9,708$6,423$4,202
33 years$29,012$20,025$13,501$8,927$5,812$3,741
34 years$27,851$18,979$12,615$8,214$5,262$3,331
35 years$26,759$18,002$11,794$7,561$4,766$2,968
36 years$25,729$17,086$11,033$6,964$4,319$2,644
37 years$24,758$16,228$10,327$6,416$3,914$2,356
38 years$23,840$15,422$9,670$5,914$3,549$2,101
39 years$22,971$14,665$9,060$5,453$3,218$1,873
40 years$22,148$13,953$8,492$5,029$2,919$1,670
41 years$21,367$13,282$7,963$4,640$2,648$1,489
42 years$20,625$12,649$7,469$4,282$2,403$1,328
43 years$19,919$12,052$7,009$3,953$2,181$1,185
44 years$19,248$11,488$6,579$3,650$1,979$1,057
45 years$18,608$10,955$6,178$3,371$1,797$943
46 years$17,998$10,451$5,802$3,114$1,631$842
47 years$17,415$9,973$5,451$2,877$1,481$751
48 years$16,858$9,521$5,122$2,658$1,345$670
49 years$16,326$9,092$4,815$2,457$1,222$598
50 years$15,817$8,685$4,527$2,271$1,110$534

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,200,000, adding $3,289 every year, while hoping to spend $25,617 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: 82/5/13 Blend
60$16,200,000$16,200,000$16,200,000$16,200,000
61$17,855,793$16,997,193$16,746,093$19,276,326
62$19,649,827$17,802,799$17,279,830$21,014,223
63$21,625,995$18,647,021$17,830,590$22,918,322
64$23,802,846$19,531,725$18,398,914$25,008,251
65$26,200,822$20,458,865$18,985,364$27,302,662
66$28,842,449$21,430,493$19,590,517$29,822,095
67$31,752,551$22,448,759$20,214,971$32,589,174
68$34,958,480$23,515,917$20,859,342$35,628,817
69$38,490,380$24,634,332$21,524,265$38,968,474
70$42,381,467$25,806,483$22,210,396$42,638,376
71$46,668,345$27,034,968$22,918,412$46,671,830
72$51,391,349$28,322,515$23,649,012$51,105,519
73$56,594,929$29,671,980$24,402,916$55,979,858
74$62,328,066$31,086,362$25,180,868$61,339,365
75$68,644,737$32,568,802$25,983,636$67,233,085
76$75,604,424$34,122,597$26,812,011$73,715,046
77$83,272,674$35,751,203$27,666,812$80,844,770
78$91,721,718$37,458,243$28,548,882$88,687,832
79$101,031,155$39,247,518$29,459,090$97,316,478
80$111,288,699$41,123,013$30,398,336$106,810,299
81$122,591,012$43,088,907$31,367,547$117,256,986
82$135,044,614$45,149,581$32,367,678$128,753,153
83$148,766,886$47,309,633$33,399,717$141,405,246
84$163,887,183$49,573,880$34,464,682$155,330,544
85$180,548,053$51,947,376$35,563,626$170,658,264
86$198,906,578$54,435,422$36,697,631$187,530,778
87$219,135,866$57,043,574$37,867,819$206,104,953
88$241,426,677$59,777,662$39,075,343$226,553,630
89$265,989,228$62,643,797$40,321,397$249,067,250
90$293,055,175$65,648,390$41,607,210$273,855,648
91$322,879,803$68,798,161$42,934,052$301,150,033
92$355,744,432$72,100,160$44,303,232$331,205,164
93$391,959,077$75,561,781$45,716,103$364,301,750
94$431,865,370$79,190,775$47,174,059$400,749,101
95$475,839,789$82,995,274$48,678,541$440,888,034
96$524,297,208$86,983,803$50,231,033$485,094,097
97$577,694,821$91,165,307$51,833,070$533,781,099
98$636,536,447$95,549,162$53,486,233$587,405,021
99$701,377,297$100,145,203$55,192,154$646,468,305
100$772,829,210$104,963,746$56,952,519$711,524,602