Can I retire at age 61 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,301,368
2 years$690,884$678,017$665,547$653,456$641,728$595,592
3 years$456,014$443,092$430,653$418,676$407,139$362,576
4 years$338,602$325,719$313,405$301,632$290,375$247,727
5 years$268,174$255,368$243,215$231,683$220,738$180,118
6 years$221,236$208,527$196,554$185,278$174,663$136,102
7 years$187,723$175,121$163,337$152,328$142,048$105,539
8 years$162,599$150,111$138,523$127,784$117,842$83,358
9 years$143,069$130,698$119,310$108,843$99,240$66,737
10 years$127,454$115,204$104,017$93,824$84,558$53,982
11 years$114,686$102,560$91,575$81,655$72,722$44,014
12 years$104,054$92,052$81,270$71,622$63,020$36,112
13 years$95,065$83,188$72,610$63,232$54,954$29,777
14 years$87,366$75,616$65,240$56,130$48,173$24,652
15 years$80,700$69,076$58,903$50,058$42,415$20,476
16 years$74,873$63,376$53,404$44,822$37,487$17,053
17 years$69,737$58,367$48,596$40,272$33,238$14,233
18 years$65,177$53,934$44,362$36,293$29,554$11,901
19 years$61,101$49,985$40,611$32,794$26,342$9,966
20 years$57,438$46,449$37,271$29,701$23,529$8,356
21 years$54,127$43,265$34,282$26,956$21,056$7,014
22 years$51,122$40,386$31,596$24,509$18,874$5,892
23 years$48,382$37,773$29,173$22,321$16,942$4,953
24 years$45,874$35,391$26,980$20,358$15,228$4,167
25 years$43,571$33,212$24,989$18,592$13,703$3,507
26 years$41,448$31,214$23,176$17,000$12,343$2,952
27 years$39,485$29,376$21,521$15,560$11,128$2,487
28 years$37,666$27,681$20,007$14,256$10,041$2,095
29 years$35,976$26,114$18,618$13,073$9,067$1,766
30 years$34,401$24,662$17,342$11,998$8,193$1,488
31 years$32,931$23,314$16,167$11,019$7,407$1,255
32 years$31,555$22,059$15,084$10,127$6,700$1,058
33 years$30,265$20,891$14,084$9,313$6,064$892
34 years$29,054$19,800$13,160$8,568$5,490$752
35 years$27,915$18,780$12,303$7,888$4,972$635
36 years$26,841$17,825$11,510$7,264$4,505$535
37 years$25,828$16,929$10,773$6,693$4,083$452
38 years$24,870$16,089$10,088$6,169$3,702$381
39 years$23,964$15,299$9,452$5,688$3,357$321
40 years$23,105$14,556$8,859$5,247$3,045$271
41 years$22,290$13,856$8,307$4,841$2,762$229
42 years$21,516$13,196$7,792$4,467$2,507$193
43 years$20,780$12,573$7,312$4,124$2,275$163
44 years$20,080$11,984$6,863$3,808$2,065$137
45 years$19,412$11,428$6,445$3,517$1,875$116
46 years$18,775$10,902$6,053$3,248$1,702$98
47 years$18,168$10,404$5,687$3,001$1,545$83
48 years$17,587$9,932$5,344$2,773$1,404$70
49 years$17,032$9,484$5,023$2,563$1,275$59
50 years$16,500$9,060$4,722$2,369$1,158$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,900,000, adding $3,018 every year, while hoping to spend $56,944 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: 32/41/27 Blend
60$16,900,000$16,900,000$16,900,000$16,900,000
61$18,626,913$17,731,213$17,469,263$19,069,130
62$20,466,270$18,539,455$17,993,895$20,215,709
63$22,491,333$19,385,391$18,534,194$21,444,542
64$24,720,984$20,270,810$19,090,625$22,767,006
65$27,176,029$21,197,584$19,663,665$24,191,379
66$29,879,393$22,167,675$20,253,807$25,726,726
67$32,856,340$23,183,141$20,861,559$27,382,981
68$36,134,707$24,246,135$21,487,441$29,171,035
69$39,745,169$25,358,917$22,131,992$31,102,825
70$43,721,527$26,523,854$22,795,764$33,191,444
71$48,101,026$27,743,427$23,479,326$35,451,253
72$52,924,712$29,020,236$24,183,265$37,898,007
73$58,237,812$30,357,007$24,908,183$40,548,995
74$64,090,163$31,756,594$25,654,702$43,423,195
75$70,536,685$33,221,993$26,423,459$46,541,439
76$77,637,896$34,756,339$27,215,114$49,926,601
77$85,460,484$36,362,923$28,030,343$53,603,801
78$94,077,937$38,045,189$28,869,844$57,600,632
79$103,571,235$39,806,753$29,734,332$61,947,405
80$114,029,617$41,651,399$30,624,548$66,677,422
81$125,551,418$43,583,098$31,541,250$71,827,282
82$138,245,002$45,606,009$32,485,222$77,437,204
83$152,229,783$47,724,494$33,457,268$83,551,400
84$167,637,351$49,943,125$34,458,216$90,218,472
85$184,612,715$52,266,692$35,488,921$97,491,854
86$203,315,672$54,700,220$36,550,259$105,430,302
87$223,922,312$57,248,973$37,643,135$114,098,430
88$246,626,686$59,918,470$38,768,478$123,567,302
89$271,642,631$62,714,498$39,927,245$133,915,081
90$299,205,794$65,643,123$41,120,422$145,227,749
91$329,575,851$68,710,702$42,349,022$157,599,897
92$363,038,962$71,923,901$43,614,089$171,135,594
93$399,910,471$75,289,707$44,916,696$185,949,347
94$440,537,883$78,815,446$46,257,949$202,167,161
95$485,304,142$82,508,798$47,638,985$219,927,698
96$534,631,248$86,377,813$49,060,975$239,383,560
97$588,984,240$90,430,931$50,525,123$260,702,707
98$648,875,587$94,677,001$52,032,669$284,070,006
99$714,870,022$99,125,299$53,584,888$309,688,951
100$787,589,878$103,785,552$55,183,095$337,783,552