Can I retire at age 61 with 16,400,000?

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 $16,400,000?

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$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,299,517
2 years$670,444$657,958$645,856$634,123$622,742$614,429
3 years$442,523$429,982$417,912$406,289$395,093$386,966
4 years$328,585$316,083$304,133$292,708$281,784$273,904
5 years$260,239$247,813$236,019$224,828$214,208$206,600
6 years$214,691$202,358$190,739$179,797$169,495$162,168
7 years$182,169$169,940$158,505$147,821$137,845$130,803
8 years$157,789$145,670$134,425$124,003$114,356$107,599
9 years$138,836$126,832$115,780$105,623$96,304$89,830
10 years$123,683$111,796$100,940$91,048$82,056$75,862
11 years$111,293$99,525$88,866$79,239$70,571$64,653
12 years$100,976$89,329$78,866$69,503$61,155$55,508
13 years$92,252$80,727$70,462$61,361$53,328$47,946
14 years$84,782$73,379$63,310$54,470$46,747$41,624
15 years$78,313$67,033$57,160$48,577$41,160$36,288
16 years$72,658$61,501$51,824$43,496$36,377$31,750
17 years$67,674$56,640$47,158$39,081$32,255$27,865
18 years$63,249$52,338$43,049$35,219$28,679$24,520
19 years$59,294$48,506$39,409$31,824$25,563$21,625
20 years$55,738$45,075$36,168$28,823$22,833$19,109
21 years$52,526$41,985$33,268$26,158$20,433$16,915
22 years$49,610$39,192$30,661$23,784$18,315$14,995
23 years$46,951$36,655$28,310$21,660$16,441$13,311
24 years$44,517$34,343$26,182$19,756$14,777$11,830
25 years$42,282$32,230$24,250$18,042$13,297$10,524
26 years$40,222$30,291$22,491$16,497$11,978$9,370
27 years$38,317$28,507$20,885$15,100$10,799$8,350
28 years$36,552$26,862$19,415$13,835$9,744$7,446
29 years$34,912$25,341$18,067$12,687$8,799$6,644
30 years$33,383$23,932$16,829$11,643$7,950$5,931
31 years$31,956$22,624$15,689$10,693$7,188$5,298
32 years$30,621$21,407$14,638$9,827$6,502$4,734
33 years$29,370$20,273$13,668$9,037$5,884$4,232
34 years$28,195$19,214$12,770$8,315$5,327$3,784
35 years$27,089$18,224$11,939$7,654$4,825$3,385
36 years$26,047$17,297$11,169$7,049$4,372$3,029
37 years$25,064$16,428$10,454$6,495$3,962$2,711
38 years$24,134$15,613$9,790$5,987$3,592$2,427
39 years$23,255$14,846$9,172$5,520$3,258$2,173
40 years$22,421$14,125$8,597$5,091$2,955$1,946
41 years$21,631$13,446$8,061$4,698$2,681$1,743
42 years$20,880$12,805$7,562$4,335$2,432$1,561
43 years$20,165$12,201$7,096$4,002$2,208$1,399
44 years$19,486$11,630$6,660$3,695$2,004$1,253
45 years$18,838$11,090$6,254$3,413$1,819$1,123
46 years$18,220$10,580$5,874$3,152$1,652$1,006
47 years$17,630$10,096$5,518$2,912$1,500$902
48 years$17,067$9,638$5,186$2,691$1,362$808
49 years$16,528$9,204$4,874$2,487$1,237$725
50 years$16,012$8,792$4,582$2,299$1,124$650

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,400,000, adding $4,143 every year, while hoping to spend $54,055 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: 55/18/27 Blend
60$16,400,000$16,400,000$16,400,000$16,400,000
61$18,077,074$17,207,874$16,953,674$18,936,227
62$19,863,421$17,993,545$17,464,107$20,314,287
63$21,830,164$18,815,903$17,989,829$21,808,441
64$23,995,646$19,676,688$18,531,294$23,434,705
65$26,380,080$20,577,723$19,088,970$25,205,803
66$29,005,738$21,520,921$19,663,340$27,135,731
67$31,897,161$22,508,285$20,254,900$29,239,880
68$35,081,395$23,541,914$20,864,163$31,535,182
69$38,588,238$24,624,008$21,491,653$34,040,260
70$42,450,527$25,756,874$22,137,913$36,775,604
71$46,704,449$26,942,929$22,803,501$39,763,757
72$51,389,876$28,184,705$23,488,991$43,029,526
73$56,550,745$29,484,858$24,194,974$46,600,208
74$62,235,475$30,846,170$24,922,060$50,505,844
75$68,497,420$32,271,558$25,670,875$54,779,497
76$75,395,370$33,764,079$26,442,063$59,457,560
77$82,994,116$35,326,936$27,236,290$64,580,090
78$91,365,048$36,963,488$28,054,238$70,191,184
79$100,586,840$38,677,256$28,896,612$76,339,386
80$110,746,185$40,471,929$29,764,136$83,078,140
81$121,938,617$42,351,375$30,657,555$90,466,289
82$134,269,411$44,319,648$31,577,639$98,568,618
83$147,854,578$46,380,997$32,525,176$107,456,467
84$162,821,957$48,539,878$33,500,981$117,208,385
85$179,312,424$50,800,959$34,505,892$127,910,875
86$197,481,221$53,169,136$35,540,769$139,659,193
87$217,499,422$55,649,540$36,606,502$152,558,244
88$239,555,546$58,247,550$37,704,002$166,723,560
89$263,857,336$60,968,805$38,834,211$182,282,382
90$290,633,724$63,819,216$39,998,096$199,374,851
91$320,136,986$66,804,980$41,196,654$218,155,321
92$352,645,127$69,932,592$42,430,911$238,793,803
93$388,464,504$73,208,864$43,701,921$261,477,563
94$427,932,720$76,640,935$45,010,772$286,412,871
95$471,421,806$80,236,289$46,358,582$313,826,942
96$519,341,738$84,002,775$47,746,501$343,970,065
97$572,144,302$87,948,617$49,175,716$377,117,953
98$630,327,363$92,082,442$50,647,445$413,574,330
99$694,439,563$96,413,291$52,162,944$453,673,787
100$765,085,501$100,950,644$53,723,504$497,784,922