Can I retire at age 61 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,339,886
2 years$699,060$686,041$673,423$661,189$649,323$625,530
3 years$461,411$448,335$435,749$423,630$411,957$388,805
4 years$342,609$329,574$317,114$305,202$293,811$271,478
5 years$271,347$258,390$246,093$234,424$223,351$201,901
6 years$223,855$210,995$198,880$187,471$176,730$156,187
7 years$189,945$177,193$165,270$154,130$143,729$124,099
8 years$164,524$151,887$140,162$129,296$119,237$100,516
9 years$144,762$132,245$120,722$110,132$100,415$82,592
10 years$128,962$116,568$105,248$94,934$85,558$68,619
11 years$116,044$103,773$92,659$82,621$73,583$57,507
12 years$105,286$93,141$82,232$72,470$63,765$48,533
13 years$96,190$84,173$73,469$63,980$55,605$41,192
14 years$88,400$76,511$66,012$56,794$48,743$35,124
15 years$81,655$69,894$59,600$50,651$42,917$30,066
16 years$75,759$64,126$54,036$45,352$37,930$25,821
17 years$70,563$59,058$49,171$40,749$33,631$22,235
18 years$65,948$54,572$44,887$36,723$29,904$19,191
19 years$61,824$50,577$41,092$33,182$26,654$16,597
20 years$58,117$46,998$37,712$30,053$23,808$14,377
21 years$54,768$43,777$34,688$27,275$21,305$12,472
22 years$51,727$40,864$31,970$24,799$19,097$10,833
23 years$48,955$38,220$29,519$22,585$17,143$9,419
24 years$46,417$35,809$27,300$20,599$15,408$8,198
25 years$44,086$33,605$25,285$18,812$13,865$7,140
26 years$41,938$31,584$23,451$17,201$12,489$6,223
27 years$39,953$29,724$21,776$15,744$11,260$5,427
28 years$38,112$28,009$20,244$14,425$10,160$4,736
29 years$36,402$26,423$18,838$13,228$9,174$4,134
30 years$34,808$24,954$17,547$12,140$8,290$3,610
31 years$33,320$23,589$16,359$11,150$7,495$3,154
32 years$31,928$22,320$15,263$10,247$6,779$2,756
33 years$30,624$21,138$14,251$9,423$6,135$2,409
34 years$29,398$20,034$13,315$8,670$5,555$2,106
35 years$28,245$19,002$12,449$7,981$5,031$1,842
36 years$27,159$18,035$11,646$7,350$4,559$1,611
37 years$26,133$17,130$10,900$6,772$4,132$1,409
38 years$25,164$16,279$10,208$6,242$3,746$1,233
39 years$24,247$15,480$9,563$5,756$3,397$1,079
40 years$23,378$14,728$8,964$5,309$3,081$944
41 years$22,554$14,020$8,405$4,898$2,795$826
42 years$21,771$13,352$7,884$4,520$2,536$723
43 years$21,026$12,722$7,398$4,173$2,302$633
44 years$20,317$12,126$6,945$3,853$2,089$554
45 years$19,642$11,564$6,521$3,558$1,897$485
46 years$18,998$11,031$6,125$3,287$1,722$424
47 years$18,383$10,527$5,754$3,037$1,564$371
48 years$17,795$10,049$5,407$2,806$1,420$325
49 years$17,233$9,597$5,082$2,593$1,290$285
50 years$16,696$9,167$4,778$2,397$1,172$249

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,100,000, adding $6,051 every year, while hoping to spend $28,006 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: 54/39/7 Blend
60$17,100,000$17,100,000$17,100,000$17,100,000
61$18,850,442$17,944,142$17,679,092$19,837,165
62$20,743,388$18,793,606$18,241,543$21,354,593
63$22,828,477$19,683,756$18,821,898$23,001,614
64$25,125,277$20,616,555$19,420,726$24,793,408
65$27,655,351$21,594,063$20,038,617$26,743,690
66$30,442,463$22,618,438$20,676,177$28,867,530
67$33,512,798$23,691,945$21,334,032$31,181,481
68$36,895,211$24,816,958$22,012,830$33,703,733
69$40,621,499$25,995,965$22,713,236$36,454,274
70$44,726,703$27,231,578$23,435,940$39,455,073
71$49,249,434$28,526,533$24,181,652$42,730,280
72$54,232,243$29,883,700$24,951,104$46,306,441
73$59,722,019$31,306,088$25,745,053$50,212,746
74$65,770,431$32,796,853$26,564,278$54,481,290
75$72,434,420$34,359,303$27,409,586$59,147,369
76$79,776,730$35,996,909$28,281,807$64,249,800
77$87,866,508$37,713,308$29,181,799$69,831,282
78$96,779,948$39,512,317$30,110,445$75,938,781
79$106,601,017$41,397,935$31,068,660$82,623,968
80$117,422,245$43,374,358$32,057,384$89,943,690
81$129,345,598$45,445,985$33,077,590$97,960,495
82$142,483,441$47,617,430$34,130,281$106,743,209
83$156,959,598$49,893,531$35,216,492$116,367,571
84$172,910,523$52,279,360$36,337,291$126,916,936
85$190,486,585$54,780,238$37,493,779$138,483,042
86$209,853,491$57,401,743$38,687,094$151,166,861
87$231,193,844$60,149,726$39,918,410$165,079,536
88$254,708,876$63,030,322$41,188,936$180,343,414
89$280,620,338$66,049,965$42,499,922$197,093,178
90$309,172,601$69,215,402$43,852,658$215,477,100
91$340,634,958$72,533,708$45,248,474$235,658,423
92$375,304,169$76,012,304$46,688,742$257,816,878
93$413,507,258$79,658,971$48,174,880$282,150,357
94$455,604,608$83,481,871$49,708,348$308,876,761
95$501,993,355$87,489,559$51,290,654$338,236,028
96$553,111,142$91,691,013$52,923,356$370,492,376
97$609,440,250$96,095,643$54,608,059$405,936,765
98$671,512,147$100,713,321$56,346,421$444,889,622
99$739,912,510$105,554,399$58,140,151$487,703,831
100$815,286,754$110,629,732$59,991,014$534,768,032