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%12.3%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,350,462
2 years$699,060$686,041$673,423$661,189$649,323$636,110
3 years$461,411$448,335$435,749$423,630$411,957$399,057
4 years$342,609$329,574$317,114$305,202$293,811$281,324
5 years$271,347$258,390$246,093$234,424$223,351$211,313
6 years$223,855$210,995$198,880$187,471$176,730$165,156
7 years$189,945$177,193$165,270$154,130$143,729$132,624
8 years$164,524$151,887$140,162$129,296$119,237$108,601
9 years$144,762$132,245$120,722$110,132$100,415$90,244
10 years$128,962$116,568$105,248$94,934$85,558$75,846
11 years$116,044$103,773$92,659$82,621$73,583$64,322
12 years$105,286$93,141$82,232$72,470$63,765$54,946
13 years$96,190$84,173$73,469$63,980$55,605$47,218
14 years$88,400$76,511$66,012$56,794$48,743$40,776
15 years$81,655$69,894$59,600$50,651$42,917$35,359
16 years$75,759$64,126$54,036$45,352$37,930$30,769
17 years$70,563$59,058$49,171$40,749$33,631$26,854
18 years$65,948$54,572$44,887$36,723$29,904$23,497
19 years$61,824$50,577$41,092$33,182$26,654$20,604
20 years$58,117$46,998$37,712$30,053$23,808$18,101
21 years$54,768$43,777$34,688$27,275$21,305$15,929
22 years$51,727$40,864$31,970$24,799$19,097$14,037
23 years$48,955$38,220$29,519$22,585$17,143$12,385
24 years$46,417$35,809$27,300$20,599$15,408$10,939
25 years$44,086$33,605$25,285$18,812$13,865$9,671
26 years$41,938$31,584$23,451$17,201$12,489$8,557
27 years$39,953$29,724$21,776$15,744$11,260$7,577
28 years$38,112$28,009$20,244$14,425$10,160$6,714
29 years$36,402$26,423$18,838$13,228$9,174$5,952
30 years$34,808$24,954$17,547$12,140$8,290$5,279
31 years$33,320$23,589$16,359$11,150$7,495$4,685
32 years$31,928$22,320$15,263$10,247$6,779$4,159
33 years$30,624$21,138$14,251$9,423$6,135$3,693
34 years$29,398$20,034$13,315$8,670$5,555$3,281
35 years$28,245$19,002$12,449$7,981$5,031$2,915
36 years$27,159$18,035$11,646$7,350$4,559$2,591
37 years$26,133$17,130$10,900$6,772$4,132$2,303
38 years$25,164$16,279$10,208$6,242$3,746$2,048
39 years$24,247$15,480$9,563$5,756$3,397$1,821
40 years$23,378$14,728$8,964$5,309$3,081$1,620
41 years$22,554$14,020$8,405$4,898$2,795$1,441
42 years$21,771$13,352$7,884$4,520$2,536$1,282
43 years$21,026$12,722$7,398$4,173$2,302$1,140
44 years$20,317$12,126$6,945$3,853$2,089$1,015
45 years$19,642$11,564$6,521$3,558$1,897$903
46 years$18,998$11,031$6,125$3,287$1,722$804
47 years$18,383$10,527$5,754$3,037$1,564$715
48 years$17,795$10,049$5,407$2,806$1,420$637
49 years$17,233$9,597$5,082$2,593$1,290$567
50 years$16,696$9,167$4,778$2,397$1,172$504

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 $6,554 every year, while hoping to spend $20,807 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: 29/46/25 Blend
60$17,100,000$17,100,000$17,100,000$17,100,000
61$18,850,960$17,944,660$17,679,610$19,250,967
62$20,751,620$18,801,810$18,249,739$20,421,044
63$22,845,449$19,700,263$18,838,269$21,675,833
64$25,152,130$20,642,021$19,445,796$23,024,451
65$27,693,350$21,629,183$20,072,933$24,475,001
66$30,493,009$22,663,950$20,720,314$26,036,346
67$33,577,444$23,748,632$21,388,592$27,718,186
68$36,975,677$24,885,648$22,078,444$29,531,139
69$40,719,690$26,077,539$22,790,565$31,486,830
70$44,844,725$27,326,965$23,525,677$33,597,994
71$49,389,621$28,636,720$24,284,520$35,878,581
72$54,397,174$30,009,731$25,067,863$38,343,880
73$59,914,546$31,449,069$25,876,497$41,010,648
74$65,993,710$32,957,953$26,711,240$43,897,260
75$72,691,936$34,539,760$27,572,934$47,023,866
76$80,072,338$36,198,033$28,462,452$50,412,570
77$88,204,464$37,936,484$29,380,692$54,087,623
78$97,164,957$39,759,009$30,328,582$58,075,637
79$107,038,274$41,669,693$31,307,082$62,405,822
80$117,917,489$43,672,818$32,317,179$67,110,245
81$129,905,164$45,772,878$33,359,897$72,224,115
82$143,114,326$47,974,584$34,436,288$77,786,098
83$157,669,525$50,282,876$35,547,441$83,838,665
84$173,708,017$52,702,937$36,694,481$90,428,469
85$191,381,055$55,240,202$37,878,567$97,606,772
86$210,855,320$57,900,369$39,100,896$105,429,901
87$232,314,492$60,689,417$40,362,706$113,959,759
88$255,960,986$63,613,613$41,665,271$123,264,389
89$282,017,860$66,679,534$43,009,911$133,418,590
90$310,730,923$69,894,073$44,397,986$144,504,596
91$342,371,058$73,264,463$45,830,899$156,612,827
92$377,236,772$76,798,288$47,310,100$169,842,716
93$415,657,021$80,503,502$48,837,086$184,303,615
94$457,994,311$84,388,448$50,413,402$200,115,799
95$504,648,123$88,461,874$52,040,644$217,411,568
96$556,058,684$92,732,958$53,720,458$236,336,463
97$612,711,120$97,211,323$55,454,543$257,050,605
98$675,140,039$101,907,063$57,244,656$279,730,167
99$743,934,579$106,830,765$59,092,607$304,569,002
100$819,743,965$111,993,531$61,000,268$331,780,431