Can I retire at age 61 with 16,700,000?

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 $16,700,000?

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$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,323,289
2 years$682,708$669,993$657,671$645,723$634,134$625,669
3 years$450,618$437,848$425,556$413,721$402,321$394,044
4 years$334,595$321,865$309,696$298,063$286,938$278,915
5 years$265,000$252,346$240,337$228,941$218,126$210,379
6 years$218,618$206,059$194,228$183,086$172,596$165,135
7 years$185,501$173,048$161,404$150,525$140,367$133,196
8 years$160,675$148,334$136,884$126,272$116,448$109,567
9 years$141,376$129,152$117,898$107,555$98,066$91,474
10 years$125,946$113,841$102,786$92,714$83,557$77,250
11 years$113,329$101,346$90,491$80,689$71,862$65,836
12 years$102,823$90,963$80,309$70,775$62,274$56,523
13 years$93,940$82,204$71,750$62,484$54,304$48,823
14 years$86,333$74,721$64,468$55,466$47,603$42,385
15 years$79,745$68,259$58,206$49,466$41,913$36,952
16 years$73,987$62,626$52,772$44,291$37,043$32,331
17 years$68,912$57,676$48,021$39,795$32,845$28,375
18 years$64,405$53,296$43,837$35,864$29,204$24,968
19 years$60,378$49,394$40,130$32,406$26,030$22,020
20 years$56,758$45,899$36,830$29,350$23,251$19,459
21 years$53,487$42,753$33,876$26,637$20,807$17,225
22 years$50,517$39,909$31,222$24,219$18,650$15,270
23 years$47,810$37,326$28,828$22,057$16,742$13,555
24 years$45,332$34,972$26,661$20,117$15,048$12,046
25 years$43,055$32,819$24,694$18,372$13,541$10,716
26 years$40,957$30,845$22,902$16,798$12,197$9,541
27 years$39,018$29,029$21,267$15,376$10,997$8,502
28 years$37,221$27,353$19,770$14,088$9,922$7,582
29 years$35,550$25,805$18,398$12,919$8,960$6,765
30 years$33,994$24,370$17,137$11,856$8,096$6,040
31 years$32,541$23,038$15,976$10,889$7,319$5,395
32 years$31,182$21,798$14,906$10,007$6,621$4,821
33 years$29,907$20,643$13,918$9,202$5,992$4,309
34 years$28,710$19,565$13,004$8,467$5,425$3,854
35 years$27,584$18,557$12,158$7,794$4,914$3,447
36 years$26,523$17,614$11,373$7,178$4,452$3,084
37 years$25,522$16,729$10,645$6,614$4,035$2,761
38 years$24,576$15,898$9,969$6,096$3,658$2,471
39 years$23,680$15,118$9,340$5,621$3,317$2,213
40 years$22,832$14,383$8,754$5,185$3,009$1,981
41 years$22,026$13,692$8,209$4,783$2,730$1,775
42 years$21,262$13,039$7,700$4,415$2,477$1,590
43 years$20,534$12,424$7,225$4,075$2,248$1,424
44 years$19,842$11,843$6,782$3,763$2,040$1,276
45 years$19,182$11,293$6,368$3,475$1,852$1,143
46 years$18,553$10,773$5,981$3,210$1,682$1,025
47 years$17,953$10,281$5,619$2,966$1,527$918
48 years$17,379$9,814$5,281$2,740$1,387$823
49 years$16,830$9,372$4,963$2,533$1,260$738
50 years$16,305$8,953$4,666$2,341$1,144$661

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,700,000, adding $4,503 every year, while hoping to spend $38,697 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: 43/27/30 Blend
60$16,700,000$16,700,000$16,700,000$16,700,000
61$18,408,045$17,522,945$17,264,095$19,038,281
62$20,244,492$18,340,396$17,801,269$20,309,653
63$22,266,960$19,196,605$18,355,141$21,682,339
64$24,494,382$20,093,431$18,926,230$23,168,989
65$26,947,621$21,032,821$19,515,071$24,780,207
66$29,649,667$22,016,817$20,122,214$26,527,636
67$32,625,853$23,047,562$20,748,229$28,424,064
68$35,904,096$24,127,298$21,393,700$30,483,536
69$39,515,157$25,258,379$22,059,233$32,721,483
70$43,492,935$26,443,272$22,745,449$35,154,859
71$47,874,784$27,684,562$23,452,991$37,802,298
72$52,701,868$28,984,961$24,182,522$40,684,278
73$58,019,545$30,347,311$24,934,723$43,823,310
74$63,877,801$31,774,592$25,710,299$47,244,142
75$70,331,718$33,269,928$26,509,975$50,973,984
76$77,441,993$34,836,594$27,334,499$55,042,760
77$85,275,514$36,478,025$28,184,642$59,483,376
78$93,905,989$38,197,820$29,061,200$64,332,026
79$103,414,642$39,999,756$29,964,993$69,628,523
80$113,890,980$41,887,789$30,896,865$75,416,662
81$125,433,639$43,866,068$31,857,688$81,744,630
82$138,151,310$45,938,946$32,848,361$88,665,442
83$152,163,772$48,110,983$33,869,810$96,237,436
84$167,603,018$50,386,962$34,922,989$104,524,808
85$184,614,501$52,771,899$36,008,885$113,598,208
86$203,358,508$55,271,050$37,128,511$123,535,396
87$224,011,674$57,889,929$38,282,914$134,421,957
88$246,768,647$60,634,318$39,473,173$146,352,098
89$271,843,926$63,510,277$40,700,402$159,429,525
90$299,473,888$66,524,161$41,965,746$173,768,402
91$329,919,014$69,682,635$43,270,388$189,494,416
92$363,466,355$72,992,686$44,615,548$206,745,946
93$400,432,237$76,461,641$46,002,483$225,675,350
94$441,165,246$80,097,182$47,432,487$246,450,389
95$486,049,524$83,907,366$48,906,897$269,255,787
96$535,508,388$87,900,640$50,427,092$294,294,958
97$590,008,334$92,085,862$51,994,489$321,791,904
98$650,063,434$96,472,319$53,610,555$351,993,309
99$716,240,193$101,069,752$55,276,797$385,170,843
100$789,162,896$105,888,372$56,994,773$421,623,706