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%15.1%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,327,148
2 years$694,972$682,029$669,485$657,323$645,526$616,991
3 years$458,713$445,714$433,201$421,153$409,548$381,825
4 years$340,606$327,647$315,260$303,417$292,093$265,395
5 years$269,760$256,879$244,654$233,053$222,044$196,447
6 years$222,546$209,761$197,717$186,375$175,696$151,227
7 years$188,834$176,157$164,304$153,229$142,888$119,552
8 years$163,562$150,999$139,343$128,540$118,539$96,329
9 years$143,916$131,472$120,016$109,487$99,827$78,727
10 years$128,208$115,886$104,632$94,379$85,058$65,046
11 years$115,365$103,166$92,117$82,138$73,153$54,205
12 years$104,670$92,597$81,751$72,046$63,393$45,480
13 years$95,628$83,680$73,039$63,606$55,280$38,371
14 years$87,883$76,063$65,626$56,462$48,458$32,520
15 years$81,178$69,485$59,252$50,355$42,666$27,665
16 years$75,316$63,751$53,720$45,087$37,708$23,608
17 years$70,150$58,712$48,883$40,510$33,435$20,199
18 years$65,562$54,253$44,624$36,508$29,729$17,320
19 years$61,463$50,281$40,851$32,988$26,498$14,879
20 years$57,778$46,724$37,491$29,877$23,668$12,802
21 years$54,448$43,521$34,485$27,115$21,180$11,030
22 years$51,425$40,625$31,783$24,654$18,985$9,514
23 years$48,669$37,996$29,346$22,453$17,042$8,215
24 years$46,146$35,600$27,140$20,478$15,318$7,099
25 years$43,829$33,409$25,137$18,702$13,784$6,139
26 years$41,693$31,399$23,313$17,100$12,416$5,313
27 years$39,719$29,550$21,649$15,652$11,194$4,600
28 years$37,889$27,845$20,125$14,341$10,101$3,984
29 years$36,189$26,268$18,728$13,151$9,121$3,452
30 years$34,605$24,808$17,445$12,069$8,241$2,993
31 years$33,126$23,452$16,263$11,085$7,451$2,595
32 years$31,742$22,190$15,174$10,187$6,740$2,251
33 years$30,445$21,014$14,168$9,368$6,099$1,953
34 years$29,226$19,917$13,238$8,619$5,522$1,694
35 years$28,080$18,891$12,376$7,934$5,002$1,470
36 years$27,000$17,930$11,578$7,307$4,532$1,276
37 years$25,981$17,029$10,836$6,733$4,107$1,108
38 years$25,017$16,184$10,148$6,206$3,724$962
39 years$24,106$15,389$9,507$5,722$3,377$835
40 years$23,242$14,642$8,911$5,278$3,063$725
41 years$22,422$13,938$8,356$4,869$2,779$630
42 years$21,643$13,274$7,838$4,494$2,521$547
43 years$20,903$12,647$7,355$4,148$2,288$475
44 years$20,198$12,055$6,904$3,830$2,077$413
45 years$19,527$11,496$6,483$3,537$1,886$358
46 years$18,886$10,967$6,089$3,268$1,712$311
47 years$18,275$10,465$5,720$3,019$1,555$270
48 years$17,691$9,991$5,375$2,790$1,412$235
49 years$17,132$9,541$5,053$2,578$1,282$204
50 years$16,598$9,114$4,750$2,383$1,165$177

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 $3,754 every year, while hoping to spend $48,635 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: 46/36/18 Blend
60$17,000,000$17,000,000$17,000,000$17,000,000
61$18,737,872$17,836,872$17,573,372$19,503,420
62$20,597,388$18,659,132$18,110,333$20,860,380
63$22,644,944$19,520,052$18,663,652$22,326,495
64$24,899,670$20,421,476$19,233,825$23,916,062
65$27,382,643$21,365,335$19,821,366$25,640,592
66$30,117,091$22,353,654$20,426,799$27,512,722
67$33,128,607$23,388,556$21,050,670$29,546,329
68$36,445,394$24,472,265$21,693,536$31,756,653
69$40,098,530$25,607,111$22,355,976$34,160,437
70$44,122,260$26,795,540$23,038,581$36,776,073
71$48,554,322$28,040,113$23,741,965$39,623,772
72$53,436,300$29,343,515$24,466,758$42,725,746
73$58,814,016$30,708,561$25,213,608$46,106,407
74$64,737,967$32,138,202$25,983,185$49,792,592
75$71,263,795$33,635,530$26,776,177$53,813,804
76$78,452,819$35,203,787$27,593,296$58,202,481
77$86,372,607$36,846,373$28,435,272$62,994,296
78$95,097,617$38,566,850$29,302,858$68,228,480
79$104,709,902$40,368,953$30,196,831$73,948,180
80$115,299,877$42,256,597$31,117,990$80,200,859
81$126,967,182$44,233,888$32,067,160$87,038,728
82$139,821,613$46,305,127$33,045,188$94,519,229
83$153,984,165$48,474,825$34,052,950$102,705,562
84$169,588,170$50,747,713$35,091,345$111,667,271
85$186,780,560$53,128,747$36,161,301$121,480,883
86$205,723,247$55,623,125$37,263,774$132,230,615
87$226,594,656$58,236,297$38,399,749$144,009,155
88$249,591,410$60,973,974$39,570,239$156,918,522
89$274,930,182$63,842,147$40,776,290$171,071,009
90$302,849,743$66,847,094$42,018,978$186,590,224
91$333,613,214$69,995,400$43,299,412$203,612,242
92$367,510,553$73,293,965$44,618,733$222,286,867
93$404,861,287$76,750,027$45,978,118$242,779,027
94$446,017,532$80,371,173$47,378,779$265,270,306
95$491,367,318$84,165,357$48,821,965$289,960,642
96$541,338,245$88,140,920$50,308,962$317,070,182
97$596,401,527$92,306,607$51,841,094$346,841,344
98$657,076,439$96,671,586$53,419,726$379,541,074
99$723,935,212$101,245,471$55,046,264$415,463,342
100$797,608,446$106,038,341$56,722,155$454,931,885