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%19.7%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,287,520
2 years$686,796$674,005$661,609$649,590$637,931$586,036
3 years$453,316$440,470$428,105$416,198$404,730$354,707
4 years$336,599$323,792$311,551$299,847$288,657$240,888
5 years$266,587$253,857$241,776$230,312$219,432$174,040
6 years$219,927$207,293$195,391$184,182$173,629$130,644
7 years$186,612$174,085$162,371$151,426$141,207$100,614
8 years$161,637$149,223$137,703$127,028$117,145$78,904
9 years$142,223$129,925$118,604$108,199$98,653$62,707
10 years$126,700$114,523$103,402$93,269$84,057$50,339
11 years$114,008$101,953$91,033$81,172$72,292$40,724
12 years$103,439$91,507$80,790$71,199$62,647$33,146
13 years$94,503$82,696$72,180$62,858$54,629$27,108
14 years$86,849$75,168$64,854$55,798$47,888$22,255
15 years$80,223$68,668$58,555$49,762$42,164$18,328
16 years$74,430$63,001$53,088$44,557$37,265$15,131
17 years$69,325$58,022$48,308$40,034$33,041$12,518
18 years$64,791$53,615$44,099$36,078$29,379$10,374
19 years$60,740$49,690$40,371$32,600$26,186$8,608
20 years$57,098$46,174$37,050$29,526$23,390$7,152
21 years$53,807$43,009$34,079$26,796$20,931$5,947
22 years$50,820$40,148$31,409$24,364$18,762$4,949
23 years$48,096$37,549$29,001$22,189$16,842$4,121
24 years$45,603$35,181$26,821$20,237$15,138$3,434
25 years$43,313$33,016$24,841$18,482$13,622$2,862
26 years$41,203$31,029$23,039$16,899$12,270$2,387
27 years$39,252$29,202$21,394$15,468$11,062$1,991
28 years$37,444$27,517$19,888$14,172$9,982$1,661
29 years$35,763$25,959$18,508$12,996$9,013$1,386
30 years$34,198$24,516$17,239$11,927$8,144$1,157
31 years$32,736$23,176$16,072$10,954$7,363$966
32 years$31,368$21,929$14,995$10,067$6,660$806
33 years$30,086$20,767$14,001$9,258$6,028$673
34 years$28,882$19,682$13,082$8,518$5,457$562
35 years$27,750$18,668$12,231$7,841$4,943$470
36 years$26,682$17,719$11,441$7,221$4,479$392
37 years$25,675$16,829$10,709$6,654$4,059$328
38 years$24,723$15,994$10,028$6,133$3,680$274
39 years$23,822$15,208$9,396$5,655$3,337$229
40 years$22,968$14,469$8,807$5,216$3,027$191
41 years$22,158$13,774$8,258$4,812$2,746$159
42 years$21,389$13,117$7,746$4,441$2,492$133
43 years$20,657$12,498$7,269$4,100$2,261$111
44 years$19,961$11,913$6,823$3,785$2,053$93
45 years$19,297$11,361$6,406$3,496$1,863$78
46 years$18,664$10,838$6,017$3,229$1,692$65
47 years$18,060$10,342$5,653$2,983$1,536$54
48 years$17,483$9,873$5,312$2,757$1,395$45
49 years$16,931$9,428$4,993$2,548$1,267$38
50 years$16,403$9,006$4,694$2,355$1,151$32

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 $2,946 every year, while hoping to spend $53,728 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: 51/32/17 Blend
60$16,800,000$16,800,000$16,800,000$16,800,000
61$18,516,639$17,626,239$17,365,839$19,374,365
62$20,348,170$18,432,758$17,890,428$20,771,041
63$22,364,716$19,276,997$18,430,791$22,282,846
64$24,585,093$20,160,745$18,987,398$23,925,328
65$27,030,032$21,085,881$19,560,735$25,710,855
66$29,722,379$22,054,373$20,151,303$27,653,016
67$32,687,306$23,068,282$20,759,617$29,766,741
68$35,952,553$24,129,770$21,386,206$32,068,438
69$39,548,687$25,241,101$22,031,617$34,576,144
70$43,509,388$26,404,651$22,696,411$37,309,683
71$47,871,774$27,622,906$23,381,169$40,290,853
72$52,676,742$28,898,476$24,086,485$43,543,619
73$57,969,361$30,234,093$24,812,974$47,094,338
74$63,799,295$31,632,623$25,561,268$50,971,993
75$70,221,269$33,097,067$26,332,017$55,208,464
76$77,295,590$34,630,575$27,125,890$59,838,819
77$85,088,711$36,236,445$27,943,579$64,901,636
78$93,673,864$37,918,134$28,785,793$70,439,356
79$103,131,745$39,679,269$29,653,264$76,498,679
80$113,551,278$41,523,649$30,546,743$83,130,990
81$125,030,457$43,455,256$31,467,008$90,392,837
82$137,677,266$45,478,266$32,414,855$98,346,451
83$151,610,701$47,597,055$33,391,106$107,060,323
84$166,961,892$49,816,211$34,396,608$116,609,841
85$183,875,343$52,140,543$35,432,232$127,077,986
86$202,510,290$54,575,092$36,498,875$138,556,102
87$223,042,212$57,125,143$37,597,459$151,144,748
88$245,664,479$59,796,237$38,728,936$164,954,629
89$270,590,185$62,594,181$39,894,284$180,107,630
90$298,054,152$65,525,065$41,094,511$196,737,947
91$328,315,153$68,595,270$42,330,654$214,993,340
92$361,658,349$71,811,489$43,603,782$235,036,511
93$398,397,986$75,180,737$44,914,993$257,046,619
94$438,880,355$78,710,368$46,265,420$281,220,956
95$483,487,069$82,408,093$47,656,229$307,776,788
96$532,638,655$86,281,995$49,088,619$336,953,386
97$586,798,535$90,340,550$50,563,824$369,014,263
98$646,477,391$94,592,642$52,083,117$404,249,639
99$712,237,990$99,047,587$53,647,807$442,979,159
100$784,700,497$103,715,151$55,259,241$485,554,882