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%17.7%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,290,087
2 years$682,708$669,993$657,671$645,723$634,134$592,598
3 years$450,618$437,848$425,556$413,721$402,321$362,147
4 years$334,595$321,865$309,696$298,063$286,938$248,435
5 years$265,000$252,346$240,337$228,941$218,126$181,396
6 years$218,618$206,059$194,228$183,086$172,596$137,671
7 years$185,501$173,048$161,404$150,525$140,367$107,244
8 years$160,675$148,334$136,884$126,272$116,448$85,106
9 years$141,376$129,152$117,898$107,555$98,066$68,470
10 years$125,946$113,841$102,786$92,714$83,557$55,663
11 years$113,329$101,346$90,491$80,689$71,862$45,620
12 years$102,823$90,963$80,309$70,775$62,274$37,629
13 years$93,940$82,204$71,750$62,484$54,304$31,197
14 years$86,333$74,721$64,468$55,466$47,603$25,972
15 years$79,745$68,259$58,206$49,466$41,913$21,695
16 years$73,987$62,626$52,772$44,291$37,043$18,173
17 years$68,912$57,676$48,021$39,795$32,845$15,257
18 years$64,405$53,296$43,837$35,864$29,204$12,834
19 years$60,378$49,394$40,130$32,406$26,030$10,813
20 years$56,758$45,899$36,830$29,350$23,251$9,122
21 years$53,487$42,753$33,876$26,637$20,807$7,704
22 years$50,517$39,909$31,222$24,219$18,650$6,512
23 years$47,810$37,326$28,828$22,057$16,742$5,509
24 years$45,332$34,972$26,661$20,117$15,048$4,664
25 years$43,055$32,819$24,694$18,372$13,541$3,950
26 years$40,957$30,845$22,902$16,798$12,197$3,348
27 years$39,018$29,029$21,267$15,376$10,997$2,838
28 years$37,221$27,353$19,770$14,088$9,922$2,407
29 years$35,550$25,805$18,398$12,919$8,960$2,041
30 years$33,994$24,370$17,137$11,856$8,096$1,732
31 years$32,541$23,038$15,976$10,889$7,319$1,470
32 years$31,182$21,798$14,906$10,007$6,621$1,248
33 years$29,907$20,643$13,918$9,202$5,992$1,059
34 years$28,710$19,565$13,004$8,467$5,425$899
35 years$27,584$18,557$12,158$7,794$4,914$764
36 years$26,523$17,614$11,373$7,178$4,452$648
37 years$25,522$16,729$10,645$6,614$4,035$551
38 years$24,576$15,898$9,969$6,096$3,658$468
39 years$23,680$15,118$9,340$5,621$3,317$397
40 years$22,832$14,383$8,754$5,185$3,009$337
41 years$22,026$13,692$8,209$4,783$2,730$287
42 years$21,262$13,039$7,700$4,415$2,477$243
43 years$20,534$12,424$7,225$4,075$2,248$207
44 years$19,842$11,843$6,782$3,763$2,040$176
45 years$19,182$11,293$6,368$3,475$1,852$149
46 years$18,553$10,773$5,981$3,210$1,682$127
47 years$17,953$10,281$5,619$2,966$1,527$108
48 years$17,379$9,814$5,281$2,740$1,387$92
49 years$16,830$9,372$4,963$2,533$1,260$78
50 years$16,305$8,953$4,666$2,341$1,144$66

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 $6,407 every year, while hoping to spend $46,244 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: 38/47/15 Blend
60$16,700,000$16,700,000$16,700,000$16,700,000
61$18,410,009$17,524,909$17,266,059$19,025,910
62$20,238,626$18,334,426$17,795,269$20,276,548
63$22,252,213$19,182,060$18,340,657$21,622,319
64$24,469,587$20,069,629$18,902,717$23,075,705
65$26,911,484$20,999,040$19,481,957$24,646,408
66$29,600,753$21,972,291$20,078,901$26,345,063
67$32,562,574$22,991,476$20,694,087$28,183,331
68$35,824,690$24,058,792$21,328,073$30,173,998
69$39,417,675$25,176,540$21,981,430$32,331,090
70$43,375,218$26,347,131$22,654,748$34,669,998
71$47,734,445$27,573,095$23,348,637$37,207,608
72$52,536,264$28,857,082$24,063,722$39,962,455
73$57,825,755$30,201,871$24,800,649$42,954,887
74$63,652,594$31,610,375$25,560,083$46,207,245
75$70,071,522$33,085,647$26,342,709$49,744,066
76$77,142,861$34,630,887$27,149,233$53,592,296
77$84,933,084$36,249,452$27,980,384$57,781,540
78$93,515,442$37,944,858$28,836,910$62,344,322
79$102,970,655$39,720,794$29,719,584$67,316,383
80$113,387,673$41,581,124$30,629,202$72,737,001
81$124,864,519$43,529,902$31,566,583$78,649,349
82$137,509,209$45,571,377$32,532,572$85,100,887
83$151,440,775$47,710,001$33,528,040$92,143,791
84$166,790,388$49,950,445$34,553,884$99,835,431
85$183,702,596$52,297,605$35,611,027$108,238,896
86$202,336,685$54,756,613$36,700,421$117,423,566
87$222,868,189$57,332,849$37,823,048$127,465,754
88$245,490,542$60,031,955$38,979,917$138,449,399
89$270,416,902$62,859,847$40,172,069$150,466,842
90$297,882,171$65,822,724$41,400,578$163,619,675
91$328,145,204$68,927,089$42,666,549$178,019,671
92$361,491,256$72,179,757$43,971,120$193,789,823
93$398,234,675$75,587,877$45,315,464$211,065,472
94$438,721,870$79,158,940$46,700,789$229,995,562
95$483,334,577$82,900,805$48,128,342$250,744,016
96$532,493,467$86,821,707$49,599,405$273,491,255
97$586,662,115$90,930,285$51,115,299$298,435,869
98$646,351,376$95,235,595$52,677,387$325,796,460
99$712,124,208$99,747,130$54,287,071$355,813,671
100$784,600,986$104,474,848$55,945,796$388,752,424