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%19.7%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,302,848
2 years$694,972$682,029$669,485$657,323$645,526$593,012
3 years$458,713$445,714$433,201$421,153$409,548$358,930
4 years$340,606$327,647$315,260$303,417$292,093$243,756
5 years$269,760$256,879$244,654$233,053$222,044$176,112
6 years$222,546$209,761$197,717$186,375$175,696$132,199
7 years$188,834$176,157$164,304$153,229$142,888$101,811
8 years$163,562$150,999$139,343$128,540$118,539$79,843
9 years$143,916$131,472$120,016$109,487$99,827$63,454
10 years$128,208$115,886$104,632$94,379$85,058$50,938
11 years$115,365$103,166$92,117$82,138$73,153$41,209
12 years$104,670$92,597$81,751$72,046$63,393$33,541
13 years$95,628$83,680$73,039$63,606$55,280$27,431
14 years$87,883$76,063$65,626$56,462$48,458$22,520
15 years$81,178$69,485$59,252$50,355$42,666$18,546
16 years$75,316$63,751$53,720$45,087$37,708$15,312
17 years$70,150$58,712$48,883$40,510$33,435$12,667
18 years$65,562$54,253$44,624$36,508$29,729$10,497
19 years$61,463$50,281$40,851$32,988$26,498$8,711
20 years$57,778$46,724$37,491$29,877$23,668$7,237
21 years$54,448$43,521$34,485$27,115$21,180$6,018
22 years$51,425$40,625$31,783$24,654$18,985$5,008
23 years$48,669$37,996$29,346$22,453$17,042$4,171
24 years$46,146$35,600$27,140$20,478$15,318$3,475
25 years$43,829$33,409$25,137$18,702$13,784$2,897
26 years$41,693$31,399$23,313$17,100$12,416$2,415
27 years$39,719$29,550$21,649$15,652$11,194$2,015
28 years$37,889$27,845$20,125$14,341$10,101$1,681
29 years$36,189$26,268$18,728$13,151$9,121$1,403
30 years$34,605$24,808$17,445$12,069$8,241$1,171
31 years$33,126$23,452$16,263$11,085$7,451$977
32 years$31,742$22,190$15,174$10,187$6,740$816
33 years$30,445$21,014$14,168$9,368$6,099$681
34 years$29,226$19,917$13,238$8,619$5,522$569
35 years$28,080$18,891$12,376$7,934$5,002$475
36 years$27,000$17,930$11,578$7,307$4,532$397
37 years$25,981$17,029$10,836$6,733$4,107$331
38 years$25,017$16,184$10,148$6,206$3,724$277
39 years$24,106$15,389$9,507$5,722$3,377$231
40 years$23,242$14,642$8,911$5,278$3,063$193
41 years$22,422$13,938$8,356$4,869$2,779$161
42 years$21,643$13,274$7,838$4,494$2,521$135
43 years$20,903$12,647$7,355$4,148$2,288$113
44 years$20,198$12,055$6,904$3,830$2,077$94
45 years$19,527$11,496$6,483$3,537$1,886$79
46 years$18,886$10,967$6,089$3,268$1,712$66
47 years$18,275$10,465$5,720$3,019$1,555$55
48 years$17,691$9,991$5,375$2,790$1,412$46
49 years$17,132$9,541$5,053$2,578$1,282$38
50 years$16,598$9,114$4,750$2,383$1,165$32

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 $6,992 every year, while hoping to spend $26,201 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: 64/20/16 Blend
60$17,000,000$17,000,000$17,000,000$17,000,000
61$18,741,212$17,840,212$17,576,712$19,866,584
62$20,624,938$18,686,505$18,137,654$21,468,270
63$22,699,926$19,573,388$18,716,510$23,213,576
64$24,985,657$20,502,822$19,313,852$25,119,501
65$27,503,598$21,476,865$19,930,270$27,201,714
66$30,277,405$22,497,671$20,566,374$29,477,454
67$33,333,147$23,567,503$21,222,794$31,965,684
68$36,699,548$24,688,732$21,900,178$34,687,268
69$40,408,265$25,863,842$22,599,197$37,665,165
70$44,494,180$27,095,443$23,320,542$40,924,638
71$48,995,733$28,386,266$24,064,926$44,493,490
72$53,955,283$29,739,178$24,833,087$48,402,319
73$59,419,510$31,157,186$25,625,783$52,684,804
74$65,439,853$32,643,441$26,443,800$57,378,014
75$72,072,997$34,201,249$27,287,946$62,522,756
76$79,381,408$35,834,075$28,159,057$68,163,951
77$87,433,920$37,545,553$29,057,994$74,351,053
78$96,306,391$39,339,496$29,985,648$81,138,508
79$106,082,411$41,219,900$30,942,936$88,586,261
80$116,854,098$43,190,955$31,930,804$96,760,317
81$128,722,961$45,257,058$32,950,232$105,733,354
82$141,800,866$47,422,817$34,002,228$115,585,400
83$156,211,085$49,693,065$35,087,832$126,404,584
84$172,089,461$52,072,870$36,208,121$138,287,955
85$189,585,694$54,567,549$37,364,201$151,342,391
86$208,864,751$57,182,676$38,557,218$165,685,599
87$230,108,424$59,924,094$39,788,352$181,447,215
88$253,517,044$62,797,936$41,058,823$198,770,017
89$279,311,376$65,810,629$42,369,888$217,811,263
90$307,734,702$68,968,915$43,722,844$238,744,163
91$339,055,114$72,279,865$45,119,032$261,759,502
92$373,568,050$75,750,892$46,559,834$287,067,432
93$411,599,079$79,389,773$48,046,676$314,899,436
94$453,506,975$83,204,663$49,581,030$345,510,507
95$499,687,108$87,204,113$51,164,416$379,181,535
96$550,575,171$91,397,092$52,798,402$416,221,947
97$606,651,296$95,793,007$54,484,606$456,972,613
98$668,444,585$100,401,721$56,224,697$501,809,043
99$736,538,108$105,233,580$58,020,399$551,144,920
100$811,574,403$110,299,434$59,873,491$605,435,984