Can I retire at age 61 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,361,723
2 years$707,237$694,065$681,300$668,923$656,917$639,007
3 years$466,808$453,579$440,846$428,585$416,775$399,314
4 years$346,617$333,429$320,823$308,772$297,248$280,369
5 years$274,521$261,412$248,972$237,166$225,963$209,717
6 years$226,473$213,463$201,206$189,664$178,797$163,203
7 years$192,166$179,266$167,203$155,933$145,410$130,474
8 years$166,448$153,664$141,802$130,808$120,631$106,351
9 years$146,455$133,792$122,134$111,420$101,589$87,959
10 years$130,471$117,931$106,479$96,045$86,559$73,569
11 years$117,401$104,987$93,742$83,588$74,444$62,082
12 years$106,517$94,231$83,194$73,318$64,511$52,765
13 years$97,315$85,157$74,328$64,729$56,255$45,108
14 years$89,434$77,405$66,784$57,459$49,313$38,748
15 years$82,611$70,711$60,297$51,243$43,419$33,419
16 years$76,646$64,876$54,668$45,883$38,374$28,921
17 years$71,388$59,749$49,746$41,225$34,025$25,100
18 years$66,719$55,210$45,412$37,152$30,253$21,837
19 years$62,547$51,168$41,572$33,570$26,965$19,037
20 years$58,797$47,548$38,153$30,404$24,086$16,627
21 years$55,409$44,289$35,093$27,594$21,554$14,544
22 years$52,332$41,342$32,344$25,089$19,320$12,739
23 years$49,527$38,667$29,864$22,849$17,343$11,171
24 years$46,960$36,228$27,619$20,840$15,588$9,806
25 years$44,602$33,998$25,581$19,032$14,027$8,615
26 years$42,429$31,953$23,725$17,402$12,635$7,575
27 years$40,420$30,071$22,031$15,928$11,392$6,665
28 years$38,558$28,336$20,480$14,594$10,279$5,868
29 years$36,827$26,732$19,059$13,383$9,282$5,168
30 years$35,215$25,246$17,752$12,282$8,386$4,554
31 years$33,710$23,865$16,550$11,280$7,582$4,015
32 years$32,302$22,581$15,442$10,367$6,859$3,541
33 years$30,982$21,385$14,418$9,533$6,207$3,123
34 years$29,742$20,268$13,471$8,771$5,620$2,756
35 years$28,576$19,224$12,595$8,074$5,090$2,432
36 years$27,476$18,246$11,782$7,436$4,612$2,147
37 years$26,439$17,330$11,028$6,852$4,180$1,896
38 years$25,459$16,470$10,327$6,315$3,789$1,674
39 years$24,531$15,661$9,675$5,823$3,436$1,479
40 years$23,652$14,900$9,069$5,371$3,117$1,306
41 years$22,818$14,184$8,503$4,955$2,828$1,154
42 years$22,025$13,508$7,977$4,573$2,566$1,020
43 years$21,272$12,870$7,485$4,222$2,329$901
44 years$20,555$12,268$7,026$3,898$2,114$796
45 years$19,872$11,699$6,597$3,600$1,919$703
46 years$19,220$11,160$6,196$3,325$1,742$622
47 years$18,598$10,650$5,821$3,072$1,582$549
48 years$18,003$10,167$5,470$2,839$1,437$486
49 years$17,435$9,709$5,142$2,624$1,305$429
50 years$16,891$9,274$4,834$2,425$1,185$379

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,300,000, adding $4,516 every year, while hoping to spend $59,775 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: 49/35/16 Blend
60$17,300,000$17,300,000$17,300,000$17,300,000
61$19,069,258$18,152,358$17,884,208$19,918,651
62$20,950,722$18,978,224$18,419,729$21,331,323
63$23,022,093$19,842,553$18,971,186$22,858,494
64$25,302,676$20,747,168$19,539,051$24,516,145
65$27,813,747$21,693,978$20,123,808$26,316,544
66$30,578,749$22,684,982$20,725,955$28,273,167
67$33,623,513$23,722,278$21,346,006$30,400,818
68$36,976,504$24,808,062$21,984,489$32,715,761
69$40,669,086$25,944,636$22,641,949$35,235,867
70$44,735,822$27,134,413$23,318,944$37,980,778
71$49,214,799$28,379,921$24,016,051$40,972,084
72$54,147,982$29,683,811$24,733,862$44,233,517
73$59,581,618$31,048,860$25,472,988$47,791,169
74$65,566,667$32,477,978$26,234,057$51,673,731
75$72,159,284$33,974,216$27,017,716$55,912,753
76$79,421,350$35,540,772$27,824,628$60,542,933
77$87,421,054$37,180,996$28,655,480$65,602,435
78$96,233,538$38,898,401$29,510,974$71,133,241
79$105,941,605$40,696,668$30,391,838$77,181,535
80$116,636,500$42,579,656$31,298,815$83,798,127
81$128,418,773$44,551,409$32,232,676$91,038,925
82$141,399,226$46,616,167$33,194,209$98,965,447
83$155,699,961$48,778,373$34,184,229$107,645,391
84$171,455,528$51,042,684$35,203,571$117,153,261
85$188,814,199$53,413,983$36,253,098$127,571,056
86$207,939,366$55,897,387$37,333,696$138,989,029
87$229,011,082$58,498,260$38,446,276$151,506,527
88$252,227,764$61,222,226$39,591,778$165,232,911
89$277,808,061$64,075,180$40,771,167$180,288,570
90$305,992,919$67,063,299$41,985,437$196,806,045
91$337,047,858$70,193,062$43,235,610$214,931,259
92$371,265,476$73,471,259$44,522,740$234,824,875
93$408,968,212$76,905,008$45,847,909$256,663,797
94$450,511,387$80,501,771$47,212,231$280,642,816
95$496,286,561$84,269,370$48,616,853$306,976,429
96$546,725,227$88,216,007$50,062,955$335,900,839
97$602,302,887$92,350,278$51,551,751$367,676,166
98$663,543,536$96,681,196$53,084,489$402,588,872
99$731,024,613$101,218,211$54,662,456$440,954,445
100$805,382,448$105,971,227$56,286,973$483,120,346