Can I retire at age 61 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,305,543
2 years$678,620$665,981$653,733$641,856$630,337$612,069
3 years$447,919$435,226$423,008$411,244$399,912$382,108
4 years$332,592$319,937$307,842$296,278$285,220$268,018
5 years$263,413$250,835$238,898$227,570$216,820$200,268
6 years$217,309$204,825$193,065$181,989$171,562$155,682
7 years$184,391$172,012$160,438$149,624$139,526$124,322
8 years$159,713$147,446$136,064$125,515$115,750$101,221
9 years$140,529$128,378$117,192$106,911$97,479$83,617
10 years$125,192$113,159$102,171$92,159$83,057$69,852
11 years$112,651$100,739$89,949$80,206$71,431$58,872
12 years$102,207$90,418$79,828$70,351$61,901$49,973
13 years$93,377$81,711$71,321$62,109$53,979$42,665
14 years$85,816$74,273$64,082$55,134$47,318$36,601
15 years$79,268$67,850$57,857$49,170$41,662$31,524
16 years$73,544$62,251$52,456$44,026$36,821$27,243
17 years$68,499$57,331$47,733$39,557$32,648$23,610
18 years$64,020$52,976$43,574$35,649$29,029$20,511
19 years$60,017$49,098$39,890$32,212$25,874$17,856
20 years$56,418$45,624$36,609$29,174$23,111$15,572
21 years$53,167$42,497$33,673$26,477$20,682$13,601
22 years$50,215$39,670$31,035$24,074$18,539$11,895
23 years$47,523$37,102$28,656$21,925$16,641$10,415
24 years$45,060$34,762$26,501$19,996$14,958$9,128
25 years$42,797$32,623$24,546$18,262$13,460$8,007
26 years$40,712$30,660$22,765$16,698$12,124$7,029
27 years$38,785$28,855$21,139$15,284$10,931$6,175
28 years$36,998$27,190$19,652$14,003$9,863$5,427
29 years$35,337$25,650$18,288$12,841$8,906$4,773
30 years$33,790$24,224$17,034$11,785$8,047$4,199
31 years$32,346$22,900$15,880$10,824$7,275$3,695
32 years$30,995$21,668$14,817$9,947$6,581$3,253
33 years$29,728$20,520$13,834$9,147$5,956$2,865
34 years$28,538$19,448$12,926$8,416$5,392$2,524
35 years$27,419$18,446$12,085$7,748$4,884$2,224
36 years$26,365$17,508$11,305$7,135$4,425$1,960
37 years$25,369$16,629$10,582$6,574$4,011$1,728
38 years$24,429$15,803$9,909$6,060$3,636$1,523
39 years$23,538$15,027$9,284$5,587$3,297$1,343
40 years$22,695$14,297$8,702$5,154$2,991$1,184
41 years$21,894$13,610$8,159$4,755$2,713$1,044
42 years$21,134$12,961$7,654$4,388$2,462$921
43 years$20,411$12,350$7,182$4,051$2,234$812
44 years$19,723$11,772$6,742$3,740$2,028$717
45 years$19,067$11,225$6,330$3,454$1,841$632
46 years$18,442$10,709$5,945$3,191$1,672$558
47 years$17,845$10,219$5,586$2,948$1,518$492
48 years$17,275$9,756$5,249$2,724$1,379$434
49 years$16,729$9,316$4,934$2,517$1,252$383
50 years$16,207$8,899$4,638$2,327$1,137$338

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,600,000, adding $2,742 every year, while hoping to spend $57,963 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: 59/15/26 Blend
60$16,600,000$16,600,000$16,600,000$16,600,000
61$18,296,028$17,416,228$17,158,928$19,246,715
62$20,100,551$18,207,951$17,672,080$20,687,364
63$22,087,192$19,036,526$18,200,480$22,251,549
64$24,274,467$19,903,697$18,744,577$23,956,478
65$26,682,777$20,811,293$19,304,835$25,815,828
66$29,334,603$21,761,228$19,881,729$27,844,644
67$32,254,715$22,755,511$20,475,750$30,059,480
68$35,470,411$23,796,246$21,087,402$32,478,550
69$39,011,767$24,885,636$21,717,205$35,121,897
70$42,911,928$26,025,993$22,365,692$38,011,578
71$47,207,415$27,219,738$23,033,413$41,171,867
72$51,938,474$28,469,408$23,720,935$44,629,483
73$57,149,452$29,777,662$24,428,840$48,413,833
74$62,889,218$31,147,289$25,157,728$52,557,292
75$69,211,621$32,581,209$25,908,214$57,095,498
76$76,176,001$34,082,483$26,680,935$62,067,684
77$83,847,750$35,654,321$27,476,542$67,517,046
78$92,298,923$37,300,086$28,295,709$73,491,145
79$101,608,925$39,023,302$29,139,128$80,042,349
80$111,865,256$40,827,664$30,007,509$87,228,320
81$123,164,338$42,717,046$30,901,586$95,112,558
82$135,612,424$44,695,504$31,822,113$103,764,986
83$149,326,603$46,767,296$32,769,865$113,262,613
84$164,435,901$48,936,878$33,745,641$123,690,246
85$181,082,505$51,208,927$34,750,261$135,141,286
86$199,423,098$53,588,342$35,784,572$147,718,605
87$219,630,342$56,080,258$36,849,443$161,535,508
88$241,894,506$58,690,060$37,945,769$176,716,790
89$266,425,264$61,423,392$39,074,471$193,399,913
90$293,453,671$64,286,168$40,236,496$211,736,290
91$323,234,347$67,284,591$41,432,820$231,892,709
92$356,047,875$70,425,162$42,664,444$254,052,892
93$392,203,458$73,714,694$43,932,403$278,419,225
94$432,041,829$77,160,333$45,237,757$305,214,658
95$475,938,474$80,769,567$46,581,599$334,684,794
96$524,307,169$84,550,247$47,965,054$367,100,203
97$577,603,896$88,510,604$49,389,279$402,758,959
98$636,331,136$92,659,267$50,855,463$441,989,446
99$701,042,622$97,005,281$52,364,831$485,153,439
100$772,348,559$101,558,129$53,918,642$532,649,515