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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,325,665
2 years$686,796$674,005$661,609$649,590$637,931$623,842
3 years$453,316$440,470$428,105$416,198$404,730$390,980
4 years$336,599$323,792$311,551$299,847$288,657$275,351
5 years$266,587$253,857$241,776$230,312$219,432$206,610
6 years$219,927$207,293$195,391$184,182$173,629$161,307
7 years$186,612$174,085$162,371$151,426$141,207$129,389
8 years$161,637$149,223$137,703$127,028$117,145$105,831
9 years$142,223$129,925$118,604$108,199$98,653$87,839
10 years$126,700$114,523$103,402$93,269$84,057$73,736
11 years$114,008$101,953$91,033$81,172$72,292$62,455
12 years$103,439$91,507$80,790$71,199$62,647$53,284
13 years$94,503$82,696$72,180$62,858$54,629$45,730
14 years$86,849$75,168$64,854$55,798$47,888$39,439
15 years$80,223$68,668$58,555$49,762$42,164$34,154
16 years$74,430$63,001$53,088$44,557$37,265$29,680
17 years$69,325$58,022$48,308$40,034$33,041$25,867
18 years$64,791$53,615$44,099$36,078$29,379$22,601
19 years$60,740$49,690$40,371$32,600$26,186$19,790
20 years$57,098$46,174$37,050$29,526$23,390$17,361
21 years$53,807$43,009$34,079$26,796$20,931$15,254
22 years$50,820$40,148$31,409$24,364$18,762$13,422
23 years$48,096$37,549$29,001$22,189$16,842$11,824
24 years$45,603$35,181$26,821$20,237$15,138$10,428
25 years$43,313$33,016$24,841$18,482$13,622$9,205
26 years$41,203$31,029$23,039$16,899$12,270$8,132
27 years$39,252$29,202$21,394$15,468$11,062$7,189
28 years$37,444$27,517$19,888$14,172$9,982$6,360
29 years$35,763$25,959$18,508$12,996$9,013$5,629
30 years$34,198$24,516$17,239$11,927$8,144$4,985
31 years$32,736$23,176$16,072$10,954$7,363$4,416
32 years$31,368$21,929$14,995$10,067$6,660$3,914
33 years$30,086$20,767$14,001$9,258$6,028$3,470
34 years$28,882$19,682$13,082$8,518$5,457$3,077
35 years$27,750$18,668$12,231$7,841$4,943$2,730
36 years$26,682$17,719$11,441$7,221$4,479$2,422
37 years$25,675$16,829$10,709$6,654$4,059$2,149
38 years$24,723$15,994$10,028$6,133$3,680$1,908
39 years$23,822$15,208$9,396$5,655$3,337$1,694
40 years$22,968$14,469$8,807$5,216$3,027$1,504
41 years$22,158$13,774$8,258$4,812$2,746$1,335
42 years$21,389$13,117$7,746$4,441$2,492$1,186
43 years$20,657$12,498$7,269$4,100$2,261$1,053
44 years$19,961$11,913$6,823$3,785$2,053$936
45 years$19,297$11,361$6,406$3,496$1,863$831
46 years$18,664$10,838$6,017$3,229$1,692$738
47 years$18,060$10,342$5,653$2,983$1,536$656
48 years$17,483$9,873$5,312$2,757$1,395$583
49 years$16,931$9,428$4,993$2,548$1,267$518
50 years$16,403$9,006$4,694$2,355$1,151$460

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 $6,500 every year, while hoping to spend $46,437 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: 73/11/16 Blend
60$16,800,000$16,800,000$16,800,000$16,800,000
61$18,520,305$17,629,905$17,369,505$19,804,809
62$20,359,967$18,444,361$17,901,975$21,471,555
63$22,385,719$19,297,170$18,450,726$23,290,471
64$24,616,492$20,190,161$19,016,255$25,281,733
65$27,073,148$21,125,253$19,599,073$27,462,431
66$29,778,674$22,104,456$20,199,707$29,851,375
67$32,758,403$23,129,878$20,818,701$32,469,278
68$36,040,246$24,203,728$21,456,614$35,338,941
69$39,654,962$25,328,322$22,114,022$38,485,472
70$43,636,446$26,506,087$22,791,519$41,936,514
71$48,022,047$27,739,569$23,489,718$45,722,510
72$52,852,921$29,031,433$24,209,249$49,876,981
73$58,174,423$30,384,477$24,950,763$54,436,841
74$64,036,528$31,801,630$25,714,927$59,442,744
75$70,494,310$33,285,966$26,502,433$64,939,463
76$77,608,456$34,840,705$27,313,992$70,976,308
77$85,445,843$36,469,224$28,150,335$77,607,590
78$94,080,165$38,175,062$29,012,217$84,893,125
79$103,592,631$39,961,930$29,900,416$92,898,801
80$114,072,732$41,833,717$30,815,732$101,697,190
81$125,619,084$43,794,502$31,758,992$111,368,232
82$138,340,357$45,848,559$32,731,045$121,999,983
83$152,356,307$48,000,372$33,732,768$133,689,443
84$167,798,898$50,254,638$34,765,064$146,543,465
85$184,813,555$52,616,284$35,828,863$160,679,758
86$203,560,530$55,090,475$36,925,122$176,227,994
87$224,216,420$57,682,624$38,054,830$193,331,028
88$246,975,832$60,398,410$39,219,004$212,146,234
89$272,053,218$63,243,783$40,418,692$232,846,993
90$299,684,901$66,224,984$41,654,973$255,624,316
91$330,131,308$69,348,554$42,928,961$280,688,644
92$363,679,422$72,621,354$44,241,802$308,271,825
93$400,645,497$76,050,575$45,594,677$338,629,300
94$441,378,042$79,643,757$46,988,802$372,042,499
95$486,261,107$83,408,806$48,425,432$408,821,497
96$535,717,913$87,354,011$49,905,857$449,307,930
97$590,214,847$91,488,064$51,431,410$493,878,207
98$650,265,859$95,820,077$53,003,460$542,947,062
99$716,437,321$100,359,605$54,623,421$596,971,455
100$789,353,370$105,116,667$56,292,747$656,454,874