Can I retire at age 61 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,352,732
2 years$703,148$690,053$677,361$665,056$653,120$634,192
3 years$464,109$450,957$438,298$426,108$414,366$395,919
4 years$344,613$331,501$318,968$306,987$295,529$277,705
5 years$272,934$259,901$247,533$235,795$224,657$207,507
6 years$225,164$212,229$200,043$188,567$177,763$161,309
7 years$191,055$178,229$166,237$155,032$144,569$128,815
8 years$165,486$152,776$140,982$130,052$119,934$104,879
9 years$145,609$133,019$121,428$110,776$101,002$86,639
10 years$129,717$117,249$105,863$95,490$86,059$72,377
11 years$116,722$104,380$93,200$83,105$74,013$61,000
12 years$105,901$93,686$82,713$72,894$64,138$51,779
13 years$96,753$84,665$73,899$64,354$55,930$44,207
14 years$88,917$76,958$66,398$57,127$49,028$37,924
15 years$82,133$70,302$59,949$50,947$43,168$32,664
16 years$76,202$64,501$54,352$45,617$38,152$28,228
17 years$70,975$59,403$49,458$40,987$33,828$24,464
18 years$66,334$54,891$45,149$36,937$30,078$21,253
19 years$62,186$50,873$41,332$33,376$26,810$18,501
20 years$58,457$47,273$37,932$30,229$23,947$16,135
21 years$55,088$44,033$34,890$27,434$21,430$14,092
22 years$52,030$41,103$32,157$24,944$19,209$12,325
23 years$49,241$38,443$29,691$22,717$17,243$10,791
24 years$46,689$36,019$27,459$20,719$15,498$9,458
25 years$44,344$33,802$25,433$18,922$13,946$8,296
26 years$42,184$31,768$23,588$17,301$12,562$7,283
27 years$40,186$29,898$21,903$15,836$11,326$6,398
28 years$38,335$28,172$20,362$14,509$10,219$5,623
29 years$36,615$26,577$18,949$13,305$9,228$4,945
30 years$35,012$25,100$17,650$12,211$8,338$4,351
31 years$33,515$23,727$16,454$11,215$7,538$3,829
32 years$32,115$22,451$15,352$10,307$6,819$3,371
33 years$30,803$21,261$14,334$9,478$6,171$2,969
34 years$29,570$20,151$13,393$8,721$5,587$2,615
35 years$28,410$19,113$12,522$8,028$5,061$2,304
36 years$27,318$18,141$11,714$7,393$4,585$2,031
37 years$26,286$17,230$10,964$6,812$4,156$1,790
38 years$25,312$16,374$10,267$6,279$3,768$1,578
39 years$24,389$15,570$9,619$5,789$3,417$1,391
40 years$23,515$14,814$9,016$5,340$3,099$1,227
41 years$22,686$14,102$8,454$4,927$2,811$1,082
42 years$21,898$13,430$7,930$4,547$2,551$954
43 years$21,149$12,796$7,442$4,197$2,315$842
44 years$20,436$12,197$6,985$3,875$2,102$743
45 years$19,757$11,631$6,559$3,579$1,908$655
46 years$19,109$11,096$6,160$3,306$1,732$578
47 years$18,490$10,589$5,788$3,054$1,573$510
48 years$17,899$10,108$5,439$2,822$1,428$450
49 years$17,334$9,653$5,112$2,608$1,297$397
50 years$16,793$9,221$4,806$2,411$1,178$350

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,200,000, adding $6,928 every year, while hoping to spend $30,952 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: 35/37/28 Blend
60$17,200,000$17,200,000$17,200,000$17,200,000
61$18,961,546$18,049,946$17,783,346$19,464,887
62$20,862,691$18,901,461$18,346,156$20,694,056
63$22,956,716$19,793,662$18,926,782$22,016,099
64$25,263,261$20,728,512$19,525,789$23,441,985
65$27,803,969$21,708,065$20,143,759$24,981,028
66$30,602,692$22,734,478$20,781,292$26,643,438
67$33,685,709$23,810,010$21,439,009$28,440,409
68$37,081,984$24,937,033$22,117,547$30,384,215
69$40,823,428$26,118,029$22,817,568$32,488,321
70$44,945,211$27,355,606$23,539,749$34,767,500
71$49,486,087$28,652,495$24,284,795$37,237,962
72$54,488,760$30,011,559$25,053,428$39,917,501
73$60,000,291$31,435,804$25,846,396$42,825,649
74$66,072,540$32,928,377$26,664,469$45,983,854
75$72,762,652$34,492,581$27,508,442$49,415,669
76$80,133,604$36,131,878$28,379,136$53,146,965
77$88,254,791$37,849,900$29,277,396$57,206,162
78$97,202,687$39,650,453$30,204,097$61,624,488
79$107,061,565$41,537,529$31,160,138$66,436,255
80$117,924,291$43,515,314$32,146,449$71,679,175
81$129,893,202$45,588,198$33,163,988$77,394,703
82$143,081,072$47,760,783$34,213,745$83,628,407
83$157,612,176$50,037,896$35,296,740$90,430,388
84$173,623,463$52,424,597$36,414,025$97,855,738
85$191,265,848$54,926,195$37,566,687$105,965,038
86$210,705,640$57,548,253$38,755,847$114,824,918
87$232,126,107$60,296,609$39,982,659$124,508,664
88$255,729,208$63,177,382$41,248,317$135,096,893
89$281,737,503$66,196,989$42,554,051$146,678,293
90$310,396,247$69,362,160$43,901,131$159,350,438
91$341,975,711$72,679,953$45,290,865$173,220,689
92$376,773,730$76,157,767$46,724,606$188,407,186
93$415,118,517$79,803,364$48,203,746$205,039,936
94$457,371,758$83,624,882$49,729,725$223,262,016
95$503,932,032$87,630,855$51,304,025$243,230,900
96$555,238,567$91,830,235$52,928,177$265,119,916
97$611,775,391$96,232,406$54,603,761$289,119,852
98$674,075,899$100,847,212$56,332,405$315,440,732
99$742,727,890$105,684,975$58,115,790$344,313,762
100$818,379,117$110,756,521$59,955,651$375,993,485