Can I retire at age 61 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,319,636
2 years$686,796$674,005$661,609$649,590$637,931$617,807
3 years$453,316$440,470$428,105$416,198$404,730$385,127
4 years$336,599$323,792$311,551$299,847$288,657$269,726
5 years$266,587$253,857$241,776$230,312$219,432$201,229
6 years$219,927$207,293$195,391$184,182$173,629$156,175
7 years$186,612$174,085$162,371$151,426$141,207$124,507
8 years$161,637$149,223$137,703$127,028$117,145$101,196
9 years$142,223$129,925$118,604$108,199$98,653$83,448
10 years$126,700$114,523$103,402$93,269$84,057$69,584
11 years$114,008$101,953$91,033$81,172$72,292$58,537
12 years$103,439$91,507$80,790$71,199$62,647$49,592
13 years$94,503$82,696$72,180$62,858$54,629$42,257
14 years$86,849$75,168$64,854$55,798$47,888$36,179
15 years$80,223$68,668$58,555$49,762$42,164$31,097
16 years$74,430$63,001$53,088$44,557$37,265$26,818
17 years$69,325$58,022$48,308$40,034$33,041$23,192
18 years$64,791$53,615$44,099$36,078$29,379$20,105
19 years$60,740$49,690$40,371$32,600$26,186$17,464
20 years$57,098$46,174$37,050$29,526$23,390$15,196
21 years$53,807$43,009$34,079$26,796$20,931$13,242
22 years$50,820$40,148$31,409$24,364$18,762$11,555
23 years$48,096$37,549$29,001$22,189$16,842$10,094
24 years$45,603$35,181$26,821$20,237$15,138$8,826
25 years$43,313$33,016$24,841$18,482$13,622$7,724
26 years$41,203$31,029$23,039$16,899$12,270$6,764
27 years$39,252$29,202$21,394$15,468$11,062$5,928
28 years$37,444$27,517$19,888$14,172$9,982$5,198
29 years$35,763$25,959$18,508$12,996$9,013$4,559
30 years$34,198$24,516$17,239$11,927$8,144$4,001
31 years$32,736$23,176$16,072$10,954$7,363$3,513
32 years$31,368$21,929$14,995$10,067$6,660$3,085
33 years$30,086$20,767$14,001$9,258$6,028$2,710
34 years$28,882$19,682$13,082$8,518$5,457$2,382
35 years$27,750$18,668$12,231$7,841$4,943$2,093
36 years$26,682$17,719$11,441$7,221$4,479$1,840
37 years$25,675$16,829$10,709$6,654$4,059$1,618
38 years$24,723$15,994$10,028$6,133$3,680$1,422
39 years$23,822$15,208$9,396$5,655$3,337$1,251
40 years$22,968$14,469$8,807$5,216$3,027$1,100
41 years$22,158$13,774$8,258$4,812$2,746$968
42 years$21,389$13,117$7,746$4,441$2,492$851
43 years$20,657$12,498$7,269$4,100$2,261$749
44 years$19,961$11,913$6,823$3,785$2,053$659
45 years$19,297$11,361$6,406$3,496$1,863$580
46 years$18,664$10,838$6,017$3,229$1,692$510
47 years$18,060$10,342$5,653$2,983$1,536$449
48 years$17,483$9,873$5,312$2,757$1,395$395
49 years$16,931$9,428$4,993$2,548$1,267$348
50 years$16,403$9,006$4,694$2,355$1,151$306

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,800,000, adding $3,529 every year, while hoping to spend $53,914 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: 38/35/27 Blend
60$16,800,000$16,800,000$16,800,000$16,800,000
61$18,517,240$17,626,840$17,366,440$19,071,756
62$20,348,635$18,433,191$17,890,852$20,285,019
63$22,365,024$19,277,247$18,431,024$21,590,147
64$24,585,222$20,160,797$18,987,429$22,999,656
65$27,029,957$21,085,718$19,560,550$24,523,049
66$29,722,072$22,053,978$20,150,888$26,170,755
67$32,686,737$23,067,636$20,758,956$27,954,215
68$35,951,688$24,128,854$21,385,285$29,885,982
69$39,547,487$25,239,895$22,030,419$31,979,841
70$43,507,812$26,403,132$22,694,920$34,250,921
71$47,869,775$27,621,051$23,379,366$36,715,837
72$52,674,270$28,896,260$24,084,352$39,392,838
73$57,966,359$30,231,490$24,810,491$42,301,969
74$63,795,699$31,629,605$25,558,414$45,465,250
75$70,217,010$33,093,606$26,328,771$48,906,881
76$77,290,591$34,626,638$27,122,231$52,653,453
77$85,082,888$36,232,000$27,939,482$56,734,195
78$93,667,121$37,913,147$28,781,234$61,181,235
79$103,123,979$39,673,702$29,648,216$66,029,897
80$113,542,374$41,517,463$30,541,181$71,319,017
81$125,020,288$43,448,411$31,460,902$77,091,304
82$137,665,692$45,470,717$32,408,177$83,393,727
83$151,597,567$47,588,757$33,383,825$90,277,945
84$166,947,027$49,807,114$34,388,692$97,800,783
85$183,858,558$52,130,596$35,423,646$106,024,753
86$202,491,376$54,564,242$36,489,584$115,018,630
87$223,020,939$57,113,332$37,587,428$124,858,083
88$245,640,593$59,783,404$38,718,125$135,626,376
89$270,563,405$62,580,262$39,882,654$147,415,138
90$298,024,170$65,509,992$41,082,020$160,325,206
91$328,281,626$68,578,972$42,317,258$174,467,562
92$361,620,900$71,793,890$43,589,435$189,964,357
93$398,356,199$75,161,758$44,899,648$206,950,049
94$438,833,773$78,689,925$46,249,028$225,572,649
95$483,435,184$82,386,098$47,638,736$245,995,094
96$532,580,911$86,258,355$49,069,972$268,396,763
97$586,734,314$90,315,165$50,543,967$292,975,148
98$646,406,015$94,565,409$52,061,990$319,947,691
99$712,158,711$99,018,396$53,625,349$349,553,810
100$784,612,488$103,683,886$55,235,388$382,057,132