Can I retire at age 61 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,259,186
2 years$666,356$653,946$641,918$630,257$618,945$578,404
3 years$439,824$427,361$415,363$403,811$392,684$353,473
4 years$326,581$314,155$302,278$290,923$280,066$242,484
5 years$258,653$246,302$234,580$223,457$212,901$177,051
6 years$213,382$201,124$189,576$178,700$168,462$134,373
7 years$181,058$168,903$157,538$146,919$137,004$104,675
8 years$156,827$144,781$133,605$123,247$113,658$83,067
9 years$137,990$126,058$115,074$104,979$95,717$66,830
10 years$122,929$111,114$100,324$90,493$81,556$54,330
11 years$110,615$98,918$88,324$78,756$70,140$44,527
12 years$100,360$88,784$78,385$69,080$60,782$36,728
13 years$91,690$80,235$70,032$60,987$53,003$30,450
14 years$84,265$72,931$62,924$54,137$46,462$25,350
15 years$77,835$66,624$56,812$48,281$40,909$21,176
16 years$72,215$61,126$51,508$43,230$36,156$17,738
17 years$67,261$56,295$46,870$38,842$32,058$14,892
18 years$62,863$52,019$42,787$35,005$28,505$12,527
19 years$58,932$48,211$39,169$31,630$25,407$10,554
20 years$55,399$44,800$35,948$28,647$22,694$8,903
21 years$52,206$41,729$33,065$25,999$20,308$7,519
22 years$49,307$38,953$30,474$23,639$18,204$6,356
23 years$46,665$36,432$28,138$21,528$16,341$5,377
24 years$44,246$34,134$26,023$19,635$14,687$4,552
25 years$42,024$32,033$24,102$17,932$13,216$3,856
26 years$39,976$30,106$22,353$16,396$11,905$3,267
27 years$38,084$28,333$20,757$15,008$10,733$2,770
28 years$36,329$26,698$19,296$13,750$9,685$2,349
29 years$34,699$25,187$17,957$12,609$8,745$1,993
30 years$33,180$23,786$16,726$11,572$7,902$1,691
31 years$31,762$22,486$15,593$10,628$7,144$1,435
32 years$30,435$21,276$14,549$9,768$6,462$1,218
33 years$29,191$20,149$13,584$8,982$5,848$1,034
34 years$28,023$19,097$12,692$8,264$5,295$878
35 years$26,924$18,113$11,867$7,608$4,796$745
36 years$25,888$17,192$11,101$7,007$4,345$633
37 years$24,911$16,328$10,390$6,456$3,938$538
38 years$23,987$15,518$9,730$5,950$3,570$457
39 years$23,113$14,756$9,116$5,486$3,238$388
40 years$22,285$14,039$8,544$5,060$2,937$329
41 years$21,499$13,364$8,012$4,669$2,664$280
42 years$20,752$12,727$7,515$4,309$2,418$238
43 years$20,042$12,126$7,052$3,978$2,194$202
44 years$19,367$11,559$6,620$3,673$1,992$171
45 years$18,723$11,023$6,216$3,392$1,808$146
46 years$18,109$10,515$5,838$3,133$1,642$124
47 years$17,523$10,035$5,485$2,895$1,491$105
48 years$16,963$9,579$5,154$2,675$1,354$89
49 years$16,427$9,148$4,845$2,472$1,229$76
50 years$15,914$8,738$4,555$2,285$1,117$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,300,000, adding $3,384 every year, while hoping to spend $47,739 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: 39/35/26 Blend
60$16,300,000$16,300,000$16,300,000$16,300,000
61$17,966,091$17,102,191$16,849,541$18,527,947
62$19,747,838$17,889,404$17,363,206$19,724,322
63$21,709,723$18,713,591$17,892,480$21,012,427
64$23,870,071$19,576,512$18,437,833$22,404,373
65$26,249,071$20,480,015$18,999,754$23,909,647
66$28,868,974$21,426,033$19,578,743$25,538,654
67$31,754,295$22,416,594$20,175,317$27,302,816
68$34,932,051$23,453,825$20,790,008$29,214,668
69$38,432,010$24,539,953$21,423,363$31,287,967
70$42,286,978$25,677,313$22,075,948$33,537,824
71$46,533,101$26,868,353$22,748,344$35,980,827
72$51,210,214$28,115,638$23,441,150$38,635,200
73$56,362,210$29,421,860$24,154,983$41,520,962
74$62,037,460$30,789,835$24,890,480$44,660,106
75$68,289,264$32,222,520$25,648,293$48,076,801
76$75,176,357$33,723,011$26,429,100$51,797,609
77$82,763,464$35,294,557$27,233,593$55,851,726
78$91,121,907$36,940,561$28,062,489$60,271,248
79$100,330,285$38,664,591$28,916,524$65,091,462
80$110,475,205$40,470,388$29,796,460$70,351,170
81$121,652,112$42,361,872$30,703,077$76,093,040
82$133,966,178$44,343,155$31,637,181$82,364,000
83$147,533,305$46,418,546$32,599,602$89,215,667
84$162,481,209$48,592,562$33,591,196$96,704,820
85$178,950,634$50,869,939$34,612,843$104,893,923
86$197,096,675$53,255,642$35,665,450$113,851,700
87$217,090,244$55,754,877$36,749,951$123,653,767
88$239,119,683$58,373,100$37,867,308$134,383,333
89$263,392,541$61,116,033$39,018,514$146,131,966
90$290,137,535$63,989,672$40,204,588$159,000,438
91$319,606,704$67,000,307$41,426,583$173,099,665
92$352,077,796$70,154,531$42,685,581$188,551,728
93$387,856,882$73,459,254$43,982,699$205,491,007
94$427,281,251$76,921,723$45,319,086$224,065,433
95$470,722,588$80,549,538$46,695,925$244,437,857
96$518,590,489$84,350,662$48,114,436$266,787,567
97$571,336,324$88,333,449$49,575,874$291,311,956
98$629,457,496$92,506,655$51,081,533$318,228,363
99$693,502,141$96,879,462$52,632,745$347,776,093
100$764,074,299$101,461,495$54,230,881$380,218,655