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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,296,858
2 years$682,708$669,993$657,671$645,723$634,134$599,287
3 years$450,618$437,848$425,556$413,721$402,321$368,541
4 years$334,595$321,865$309,696$298,063$286,938$254,486
5 years$265,000$252,346$240,337$228,941$218,126$187,090
6 years$218,618$206,059$194,228$183,086$172,596$143,006
7 years$185,501$173,048$161,404$150,525$140,367$112,226
8 years$160,675$148,334$136,884$126,272$116,448$89,742
9 years$141,376$129,152$117,898$107,555$98,066$72,772
10 years$125,946$113,841$102,786$92,714$83,557$59,643
11 years$113,329$101,346$90,491$80,689$71,862$49,292
12 years$102,823$90,963$80,309$70,775$62,274$41,008
13 years$93,940$82,204$71,750$62,484$54,304$34,299
14 years$86,333$74,721$64,468$55,466$47,603$28,812
15 years$79,745$68,259$58,206$49,466$41,913$24,289
16 years$73,987$62,626$52,772$44,291$37,043$20,536
17 years$68,912$57,676$48,021$39,795$32,845$17,406
18 years$64,405$53,296$43,837$35,864$29,204$14,783
19 years$60,378$49,394$40,130$32,406$26,030$12,577
20 years$56,758$45,899$36,830$29,350$23,251$10,716
21 years$53,487$42,753$33,876$26,637$20,807$9,141
22 years$50,517$39,909$31,222$24,219$18,650$7,806
23 years$47,810$37,326$28,828$22,057$16,742$6,672
24 years$45,332$34,972$26,661$20,117$15,048$5,706
25 years$43,055$32,819$24,694$18,372$13,541$4,884
26 years$40,957$30,845$22,902$16,798$12,197$4,182
27 years$39,018$29,029$21,267$15,376$10,997$3,583
28 years$37,221$27,353$19,770$14,088$9,922$3,071
29 years$35,550$25,805$18,398$12,919$8,960$2,633
30 years$33,994$24,370$17,137$11,856$8,096$2,258
31 years$32,541$23,038$15,976$10,889$7,319$1,937
32 years$31,182$21,798$14,906$10,007$6,621$1,662
33 years$29,907$20,643$13,918$9,202$5,992$1,426
34 years$28,710$19,565$13,004$8,467$5,425$1,224
35 years$27,584$18,557$12,158$7,794$4,914$1,051
36 years$26,523$17,614$11,373$7,178$4,452$902
37 years$25,522$16,729$10,645$6,614$4,035$775
38 years$24,576$15,898$9,969$6,096$3,658$665
39 years$23,680$15,118$9,340$5,621$3,317$571
40 years$22,832$14,383$8,754$5,185$3,009$490
41 years$22,026$13,692$8,209$4,783$2,730$421
42 years$21,262$13,039$7,700$4,415$2,477$362
43 years$20,534$12,424$7,225$4,075$2,248$311
44 years$19,842$11,843$6,782$3,763$2,040$267
45 years$19,182$11,293$6,368$3,475$1,852$229
46 years$18,553$10,773$5,981$3,210$1,682$197
47 years$17,953$10,281$5,619$2,966$1,527$169
48 years$17,379$9,814$5,281$2,740$1,387$145
49 years$16,830$9,372$4,963$2,533$1,260$125
50 years$16,305$8,953$4,666$2,341$1,144$107

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 $2,513 every year, while hoping to spend $53,803 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: 42/43/15 Blend
60$16,700,000$16,700,000$16,700,000$16,700,000
61$18,405,992$17,520,892$17,262,042$19,098,048
62$20,226,157$18,322,170$17,783,075$20,386,823
63$22,230,176$19,160,907$18,319,758$21,776,016
64$24,436,745$20,038,882$18,872,561$23,279,159
65$26,866,465$20,957,959$19,441,964$24,906,703
66$29,542,037$21,920,093$20,028,463$26,670,113
67$32,488,477$22,927,329$20,632,568$28,581,969
68$35,733,347$23,981,814$21,254,805$30,656,079
69$39,307,023$25,085,796$21,895,714$32,907,599
70$43,242,972$26,241,634$22,555,854$35,353,170
71$47,578,078$27,451,796$23,235,798$38,011,065
72$52,352,980$28,718,872$23,936,135$40,901,356
73$57,612,463$30,045,577$24,657,475$44,046,087
74$63,405,878$31,434,753$25,400,444$47,469,480
75$69,787,604$32,889,383$26,165,685$51,198,150
76$76,817,568$34,412,590$26,953,864$55,261,345
77$84,561,804$36,007,652$27,765,663$59,691,213
78$93,093,081$37,678,000$28,601,785$64,523,091
79$102,491,587$39,427,233$29,462,956$69,795,829
80$112,845,684$41,259,123$30,349,921$75,552,142
81$124,252,749$43,177,625$31,263,448$81,839,003
82$136,820,083$45,186,882$32,204,328$88,708,068
83$150,665,932$47,291,241$33,173,374$96,216,151
84$165,920,600$49,495,254$34,171,424$104,425,747
85$182,727,675$51,803,696$35,199,341$113,405,601
86$201,245,393$54,221,571$36,258,014$123,231,347
87$221,648,122$56,754,127$37,348,356$133,986,198
88$244,128,013$59,406,862$38,471,309$145,761,716
89$268,896,815$62,185,543$39,627,842$158,658,658
90$296,187,868$65,096,213$40,818,953$172,787,904
91$326,258,312$68,145,208$42,045,669$188,271,487
92$359,391,508$71,339,172$43,309,047$205,243,717
93$395,899,718$74,685,067$44,610,177$223,852,433
94$436,127,049$78,190,195$45,950,177$244,260,367
95$480,452,703$81,862,210$47,330,203$266,646,663
96$529,294,556$85,709,135$48,751,442$291,208,531
97$583,113,101$89,739,383$50,215,116$318,163,094
98$642,415,799$93,961,774$51,722,484$347,749,396
99$707,761,864$98,385,555$53,274,841$380,230,638
100$779,767,547$103,020,421$54,873,521$415,896,624