Can I retire at age 61 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,328,777
2 years$694,972$682,029$669,485$657,323$645,526$618,611
3 years$458,713$445,714$433,201$421,153$409,548$383,385
4 years$340,606$327,647$315,260$303,417$292,093$266,884
5 years$269,760$256,879$244,654$233,053$222,044$197,860
6 years$222,546$209,761$197,717$186,375$175,696$152,564
7 years$188,834$176,157$164,304$153,229$142,888$120,812
8 years$163,562$150,999$139,343$128,540$118,539$97,514
9 years$143,916$131,472$120,016$109,487$99,827$79,839
10 years$128,208$115,886$104,632$94,379$85,058$66,087
11 years$115,365$103,166$92,117$82,138$73,153$55,177
12 years$104,670$92,597$81,751$72,046$63,393$46,386
13 years$95,628$83,680$73,039$63,606$55,280$39,213
14 years$87,883$76,063$65,626$56,462$48,458$33,302
15 years$81,178$69,485$59,252$50,355$42,666$28,389
16 years$75,316$63,751$53,720$45,087$37,708$24,277
17 years$70,150$58,712$48,883$40,510$33,435$20,816
18 years$65,562$54,253$44,624$36,508$29,729$17,888
19 years$61,463$50,281$40,851$32,988$26,498$15,402
20 years$57,778$46,724$37,491$29,877$23,668$13,282
21 years$54,448$43,521$34,485$27,115$21,180$11,470
22 years$51,425$40,625$31,783$24,654$18,985$9,916
23 years$48,669$37,996$29,346$22,453$17,042$8,582
24 years$46,146$35,600$27,140$20,478$15,318$7,434
25 years$43,829$33,409$25,137$18,702$13,784$6,444
26 years$41,693$31,399$23,313$17,100$12,416$5,590
27 years$39,719$29,550$21,649$15,652$11,194$4,851
28 years$37,889$27,845$20,125$14,341$10,101$4,213
29 years$36,189$26,268$18,728$13,151$9,121$3,659
30 years$34,605$24,808$17,445$12,069$8,241$3,180
31 years$33,126$23,452$16,263$11,085$7,451$2,764
32 years$31,742$22,190$15,174$10,187$6,740$2,404
33 years$30,445$21,014$14,168$9,368$6,099$2,090
34 years$29,226$19,917$13,238$8,619$5,522$1,818
35 years$28,080$18,891$12,376$7,934$5,002$1,582
36 years$27,000$17,930$11,578$7,307$4,532$1,377
37 years$25,981$17,029$10,836$6,733$4,107$1,198
38 years$25,017$16,184$10,148$6,206$3,724$1,043
39 years$24,106$15,389$9,507$5,722$3,377$908
40 years$23,242$14,642$8,911$5,278$3,063$790
41 years$22,422$13,938$8,356$4,869$2,779$688
42 years$21,643$13,274$7,838$4,494$2,521$599
43 years$20,903$12,647$7,355$4,148$2,288$522
44 years$20,198$12,055$6,904$3,830$2,077$454
45 years$19,527$11,496$6,483$3,537$1,886$396
46 years$18,886$10,967$6,089$3,268$1,712$344
47 years$18,275$10,465$5,720$3,019$1,555$300
48 years$17,691$9,991$5,375$2,790$1,412$261
49 years$17,132$9,541$5,053$2,578$1,282$228
50 years$16,598$9,114$4,750$2,383$1,165$198

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,000,000, adding $2,563 every year, while hoping to spend $22,497 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: 54/21/25 Blend
60$17,000,000$17,000,000$17,000,000$17,000,000
61$18,736,644$17,835,644$17,572,144$19,618,824
62$20,623,845$18,685,654$18,136,874$21,076,980
63$22,702,786$19,576,560$18,719,769$22,661,035
64$24,993,002$20,510,343$19,321,412$24,385,107
65$27,516,018$21,489,079$19,942,409$26,262,618
66$30,295,553$22,514,946$20,583,382$28,308,325
67$33,357,748$23,590,227$21,244,973$30,538,451
68$36,731,406$24,717,315$21,927,847$32,970,836
69$40,448,269$25,898,723$22,632,690$35,625,100
70$44,543,315$27,137,084$23,360,208$38,522,820
71$49,055,090$28,435,157$24,111,131$41,687,731
72$54,026,068$29,795,839$24,886,214$45,145,941
73$59,503,059$31,222,167$25,686,233$48,926,175
74$65,537,642$32,717,324$26,511,993$53,060,036
75$72,186,658$34,284,650$27,364,322$57,582,300
76$79,512,746$35,927,646$28,244,075$62,531,234
77$87,584,930$37,649,985$29,152,136$67,948,949
78$96,479,277$39,455,518$30,089,416$73,881,797
79$106,279,609$41,348,284$31,056,857$80,380,789
80$117,078,297$43,332,518$32,055,430$87,502,080
81$128,977,133$45,412,662$33,086,137$95,307,480
82$142,088,292$47,593,373$34,150,013$103,865,037
83$156,535,386$49,879,537$35,248,128$113,249,662
84$172,454,639$52,276,277$36,381,583$123,543,831
85$189,996,163$54,788,966$37,551,517$134,838,353
86$209,325,384$57,423,238$38,759,105$147,233,214
87$230,624,598$60,185,001$40,005,560$160,838,509
88$254,094,695$63,080,454$41,292,134$175,775,473
89$279,957,053$66,116,096$42,620,120$192,177,609
90$308,455,629$69,298,741$43,990,851$210,191,938
91$339,859,263$72,635,540$45,405,705$229,980,372
92$374,464,215$76,133,988$46,866,103$251,721,227
93$412,596,960$79,801,949$48,373,512$275,610,893
94$454,617,273$83,647,667$49,929,448$301,865,675
95$500,921,623$87,679,791$51,535,473$330,723,811
96$551,946,920$91,907,392$53,193,202$362,447,713
97$608,174,631$96,339,980$54,904,300$397,326,419
98$670,135,337$100,987,533$56,670,488$435,678,309
99$738,413,733$105,860,513$58,493,540$477,854,086
100$813,654,149$110,969,893$60,375,289$524,240,070