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

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 $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%11.3%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,348,191
2 years$694,972$682,029$669,485$657,323$645,526$638,046
3 years$458,713$445,714$433,201$421,153$409,548$402,233
4 years$340,606$327,647$315,260$303,417$292,093$284,999
5 years$269,760$256,879$244,654$233,053$222,044$215,192
6 years$222,546$209,761$197,717$186,375$175,696$169,094
7 years$188,834$176,157$164,304$153,229$142,888$136,540
8 years$163,562$150,999$139,343$128,540$118,539$112,445
9 years$143,916$131,472$120,016$109,487$99,827$93,986
10 years$128,208$115,886$104,632$94,379$85,058$79,467
11 years$115,365$103,166$92,117$82,138$73,153$67,808
12 years$104,670$92,597$81,751$72,046$63,393$58,289
13 years$95,628$83,680$73,039$63,606$55,280$50,413
14 years$87,883$76,063$65,626$56,462$48,458$43,822
15 years$81,178$69,485$59,252$50,355$42,666$38,256
16 years$75,316$63,751$53,720$45,087$37,708$33,517
17 years$70,150$58,712$48,883$40,510$33,435$29,456
18 years$65,562$54,253$44,624$36,508$29,729$25,956
19 years$61,463$50,281$40,851$32,988$26,498$22,924
20 years$57,778$46,724$37,491$29,877$23,668$20,287
21 years$54,448$43,521$34,485$27,115$21,180$17,984
22 years$51,425$40,625$31,783$24,654$18,985$15,967
23 years$48,669$37,996$29,346$22,453$17,042$14,195
24 years$46,146$35,600$27,140$20,478$15,318$12,634
25 years$43,829$33,409$25,137$18,702$13,784$11,257
26 years$41,693$31,399$23,313$17,100$12,416$10,039
27 years$39,719$29,550$21,649$15,652$11,194$8,959
28 years$37,889$27,845$20,125$14,341$10,101$8,002
29 years$36,189$26,268$18,728$13,151$9,121$7,151
30 years$34,605$24,808$17,445$12,069$8,241$6,395
31 years$33,126$23,452$16,263$11,085$7,451$5,721
32 years$31,742$22,190$15,174$10,187$6,740$5,121
33 years$30,445$21,014$14,168$9,368$6,099$4,585
34 years$29,226$19,917$13,238$8,619$5,522$4,107
35 years$28,080$18,891$12,376$7,934$5,002$3,680
36 years$27,000$17,930$11,578$7,307$4,532$3,298
37 years$25,981$17,029$10,836$6,733$4,107$2,957
38 years$25,017$16,184$10,148$6,206$3,724$2,652
39 years$24,106$15,389$9,507$5,722$3,377$2,378
40 years$23,242$14,642$8,911$5,278$3,063$2,133
41 years$22,422$13,938$8,356$4,869$2,779$1,914
42 years$21,643$13,274$7,838$4,494$2,521$1,718
43 years$20,903$12,647$7,355$4,148$2,288$1,541
44 years$20,198$12,055$6,904$3,830$2,077$1,383
45 years$19,527$11,496$6,483$3,537$1,886$1,242
46 years$18,886$10,967$6,089$3,268$1,712$1,115
47 years$18,275$10,465$5,720$3,019$1,555$1,001
48 years$17,691$9,991$5,375$2,790$1,412$899
49 years$17,132$9,541$5,053$2,578$1,282$807
50 years$16,598$9,114$4,750$2,383$1,165$725

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 $6,670 every year, while hoping to spend $54,969 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: 66/17/17 Blend
60$17,000,000$17,000,000$17,000,000$17,000,000
61$18,740,880$17,839,880$17,576,380$19,899,525
62$20,593,963$18,655,548$18,106,702$21,491,260
63$22,634,219$19,509,341$18,652,948$23,223,558
64$24,880,680$20,403,069$19,215,592$25,115,841
65$27,354,319$21,338,630$19,795,125$27,183,788
66$30,078,249$22,318,011$20,392,050$29,444,650
67$33,077,933$23,343,297$21,006,887$31,917,413
68$36,381,433$24,416,670$21,640,169$34,622,969
69$40,019,672$25,540,419$22,292,447$37,584,313
70$44,026,722$26,716,943$22,964,288$40,826,756
71$48,440,130$27,948,755$23,656,273$44,378,155
72$53,301,270$29,238,491$24,369,005$48,269,180
73$58,655,734$30,588,911$25,103,101$52,533,590
74$64,553,762$32,002,911$25,859,198$57,208,556
75$71,050,716$33,483,524$26,637,952$62,334,998
76$78,207,601$35,033,930$27,440,036$67,957,975
77$86,091,646$36,657,461$28,266,146$74,127,097
78$94,776,929$38,357,612$29,116,997$80,896,994
79$104,345,085$40,138,044$29,993,326$88,327,822
80$114,886,071$42,002,596$30,895,890$96,485,828
81$126,499,019$43,955,291$31,825,471$105,443,966
82$139,293,166$46,000,348$32,782,871$115,282,580
83$153,388,890$48,142,186$33,768,919$126,090,159
84$168,918,844$50,385,441$34,784,465$137,964,159
85$186,029,209$52,734,971$35,830,387$151,011,921
86$204,881,072$55,195,867$36,907,588$165,351,674
87$225,651,946$57,773,469$38,016,998$181,113,643
88$248,537,449$60,473,374$39,159,571$198,441,271
89$273,753,147$63,301,447$40,336,295$217,492,563
90$301,536,590$66,263,840$41,548,183$238,441,569
91$332,149,553$69,367,000$42,796,278$261,480,017
92$365,880,510$72,617,685$44,081,657$286,819,115
93$403,047,354$76,022,983$45,405,423$314,691,529
94$444,000,397$79,590,322$46,768,718$345,353,576
95$489,125,680$83,327,491$48,172,712$379,087,625
96$538,848,615$87,242,653$49,618,614$416,204,756
97$593,638,001$91,344,371$51,107,665$457,047,680
98$654,010,449$95,641,617$52,641,144$501,993,966
99$720,535,260$100,143,802$54,220,368$551,459,586
100$793,839,799$104,860,790$55,846,692$605,902,832