Can I retire at age 61 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,292,341
2 years$674,532$661,969$649,794$637,990$626,540$603,052
3 years$445,221$432,604$420,460$408,766$397,502$374,652
4 years$330,588$318,010$305,987$294,493$283,502$261,464
5 years$261,826$249,324$237,459$226,199$215,514$194,351
6 years$216,000$203,592$191,902$180,893$170,529$150,265
7 years$183,280$170,976$159,471$148,722$138,686$119,327
8 years$158,751$146,558$135,244$124,759$115,053$96,595
9 years$139,683$127,605$116,486$106,267$96,891$79,323
10 years$124,437$112,478$101,555$91,603$82,556$65,862
11 years$111,972$100,132$89,407$79,722$71,001$55,162
12 years$101,592$89,873$79,347$69,927$61,528$46,524
13 years$92,815$81,219$70,891$61,735$53,654$39,460
14 years$85,299$73,826$63,696$54,802$47,032$33,625
15 years$78,790$67,441$57,509$48,873$41,411$28,764
16 years$73,101$61,876$52,140$43,761$36,599$24,684
17 years$68,087$56,986$47,446$39,319$32,451$21,241
18 years$63,634$52,657$43,312$35,434$28,854$18,320
19 years$59,655$48,802$39,650$32,018$25,718$15,832
20 years$56,078$45,349$36,389$28,998$22,972$13,704
21 years$52,846$42,241$33,470$26,318$20,558$11,880
22 years$49,912$39,431$30,848$23,929$18,427$10,310
23 years$47,237$36,879$28,483$21,793$16,541$8,958
24 years$44,789$34,553$26,342$19,876$14,867$7,790
25 years$42,540$32,426$24,398$18,152$13,378$6,780
26 years$40,467$30,475$22,628$16,597$12,051$5,904
27 years$38,551$28,681$21,012$15,192$10,865$5,145
28 years$36,775$27,026$19,533$13,919$9,804$4,486
29 years$35,124$25,496$18,177$12,764$8,852$3,913
30 years$33,587$24,078$16,932$11,714$7,999$3,414
31 years$32,151$22,762$15,785$10,759$7,232$2,980
32 years$30,808$21,537$14,727$9,887$6,541$2,602
33 years$29,549$20,396$13,751$9,092$5,920$2,272
34 years$28,367$19,331$12,848$8,366$5,360$1,985
35 years$27,254$18,335$12,012$7,701$4,855$1,734
36 years$26,206$17,403$11,237$7,092$4,399$1,516
37 years$25,216$16,529$10,518$6,535$3,987$1,325
38 years$24,281$15,708$9,849$6,023$3,614$1,158
39 years$23,397$14,937$9,228$5,554$3,277$1,012
40 years$22,558$14,211$8,649$5,123$2,973$885
41 years$21,763$13,528$8,110$4,726$2,697$774
42 years$21,007$12,883$7,608$4,362$2,447$677
43 years$20,288$12,275$7,139$4,026$2,221$592
44 years$19,604$11,701$6,701$3,718$2,016$517
45 years$18,953$11,158$6,292$3,433$1,830$453
46 years$18,331$10,644$5,910$3,171$1,662$396
47 years$17,738$10,158$5,552$2,930$1,509$346
48 years$17,171$9,697$5,217$2,707$1,370$303
49 years$16,629$9,260$4,904$2,502$1,245$265
50 years$16,110$8,846$4,610$2,313$1,130$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,500,000, adding $2,066 every year, while hoping to spend $37,932 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: 58/37/5 Blend
60$16,500,000$16,500,000$16,500,000$16,500,000
61$18,185,131$17,310,631$17,054,881$19,223,126
62$19,999,655$18,118,493$17,585,860$20,727,246
63$21,997,989$18,964,668$18,133,356$22,361,320
64$24,198,842$19,850,995$18,697,881$24,141,302
65$26,622,829$20,779,399$19,279,966$26,081,146
66$29,292,668$21,751,899$19,880,154$28,196,181
67$32,233,391$22,770,613$20,499,010$30,503,260
68$35,472,583$23,837,759$21,137,113$33,020,905
69$39,040,641$24,955,665$21,795,062$35,769,478
70$42,971,062$26,126,767$22,473,471$38,771,367
71$47,300,756$27,353,625$23,172,979$42,051,190
72$52,070,399$28,638,918$23,894,239$45,636,020
73$57,324,811$29,985,457$24,637,927$49,555,629
74$63,113,385$31,396,187$25,404,742$53,842,767
75$69,490,549$32,874,200$26,195,399$58,533,459
76$76,516,282$34,422,732$27,010,642$63,667,336
77$84,256,676$36,045,179$27,851,232$69,288,000
78$92,784,567$37,745,103$28,717,958$75,443,425
79$102,180,214$39,526,234$29,611,630$82,186,403
80$112,532,063$41,392,487$30,533,087$89,575,026
81$123,937,579$43,347,964$31,483,191$97,673,227
82$136,504,166$45,396,968$32,462,832$106,551,371
83$150,350,180$47,544,009$33,472,927$116,286,904
84$165,606,050$49,793,817$34,514,421$126,965,075
85$182,415,503$52,151,350$35,588,290$138,679,726
86$200,936,926$54,621,808$36,695,540$151,534,159
87$221,344,858$57,210,642$37,837,206$165,642,104
88$243,831,639$59,923,569$39,014,357$181,128,770
89$268,609,224$62,766,581$40,228,096$198,132,014
90$295,911,185$65,745,964$41,479,558$216,803,625
91$325,994,917$68,868,307$42,769,914$237,310,736
92$359,144,064$72,140,520$44,100,371$259,837,388
93$395,671,201$75,569,848$45,472,176$284,586,240
94$435,920,780$79,163,888$46,886,611$311,780,469
95$480,272,387$82,930,605$48,345,000$341,665,851
96$529,144,320$86,878,354$49,848,707$374,513,059
97$582,997,541$91,015,894$51,399,139$410,620,194
98$642,340,026$95,352,409$52,997,746$450,315,573
99$707,731,562$99,897,530$54,646,023$493,960,807
100$779,789,029$104,661,357$56,345,513$541,954,179