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%14.5%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,353,889
2 years$707,237$694,065$681,300$668,923$656,917$631,183
3 years$466,808$453,579$440,846$428,585$416,775$391,747
4 years$346,617$333,429$320,823$308,772$297,248$273,118
5 years$274,521$261,412$248,972$237,166$225,963$202,801
6 years$226,473$213,463$201,206$189,664$178,797$156,629
7 years$192,166$179,266$167,203$155,933$145,410$124,241
8 years$166,448$153,664$141,802$130,808$120,631$100,456
9 years$146,455$133,792$122,134$111,420$101,589$82,395
10 years$130,471$117,931$106,479$96,045$86,559$68,329
11 years$117,401$104,987$93,742$83,588$74,444$57,157
12 years$106,517$94,231$83,194$73,318$64,511$48,143
13 years$97,315$85,157$74,328$64,729$56,255$40,780
14 years$89,434$77,405$66,784$57,459$49,313$34,703
15 years$82,611$70,711$60,297$51,243$43,419$29,645
16 years$76,646$64,876$54,668$45,883$38,374$25,405
17 years$71,388$59,749$49,746$41,225$34,025$21,830
18 years$66,719$55,210$45,412$37,152$30,253$18,801
19 years$62,547$51,168$41,572$33,570$26,965$16,223
20 years$58,797$47,548$38,153$30,404$24,086$14,022
21 years$55,409$44,289$35,093$27,594$21,554$12,136
22 years$52,332$41,342$32,344$25,089$19,320$10,517
23 years$49,527$38,667$29,864$22,849$17,343$9,123
24 years$46,960$36,228$27,619$20,840$15,588$7,921
25 years$44,602$33,998$25,581$19,032$14,027$6,883
26 years$42,429$31,953$23,725$17,402$12,635$5,985
27 years$40,420$30,071$22,031$15,928$11,392$5,207
28 years$38,558$28,336$20,480$14,594$10,279$4,532
29 years$36,827$26,732$19,059$13,383$9,282$3,947
30 years$35,215$25,246$17,752$12,282$8,386$3,438
31 years$33,710$23,865$16,550$11,280$7,582$2,996
32 years$32,302$22,581$15,442$10,367$6,859$2,612
33 years$30,982$21,385$14,418$9,533$6,207$2,277
34 years$29,742$20,268$13,471$8,771$5,620$1,986
35 years$28,576$19,224$12,595$8,074$5,090$1,732
36 years$27,476$18,246$11,782$7,436$4,612$1,511
37 years$26,439$17,330$11,028$6,852$4,180$1,318
38 years$25,459$16,470$10,327$6,315$3,789$1,150
39 years$24,531$15,661$9,675$5,823$3,436$1,004
40 years$23,652$14,900$9,069$5,371$3,117$876
41 years$22,818$14,184$8,503$4,955$2,828$765
42 years$22,025$13,508$7,977$4,573$2,566$668
43 years$21,272$12,870$7,485$4,222$2,329$583
44 years$20,555$12,268$7,026$3,898$2,114$509
45 years$19,872$11,699$6,597$3,600$1,919$444
46 years$19,220$11,160$6,196$3,325$1,742$388
47 years$18,598$10,650$5,821$3,072$1,582$339
48 years$18,003$10,167$5,470$2,839$1,437$296
49 years$17,435$9,709$5,142$2,624$1,305$258
50 years$16,891$9,274$4,834$2,425$1,185$226

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 $4,399 every year, while hoping to spend $49,687 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: 47/30/23 Blend
60$17,300,000$17,300,000$17,300,000$17,300,000
61$19,069,138$18,152,238$17,884,088$19,839,996
62$20,961,323$18,988,831$18,430,338$21,217,195
63$23,044,846$19,864,751$18,993,222$22,705,905
64$25,339,171$20,781,875$19,573,246$24,320,841
65$27,865,745$21,742,165$20,170,928$26,073,855
66$30,648,201$22,747,682$20,786,805$27,977,962
67$33,712,584$23,800,584$21,421,428$30,047,463
68$37,087,588$24,903,133$22,075,367$32,298,066
69$40,804,837$26,057,702$22,749,207$34,747,037
70$44,899,176$27,266,775$23,443,551$37,413,349
71$49,409,004$28,532,959$24,159,022$40,317,858
72$54,376,633$29,858,984$24,896,260$43,483,492
73$59,848,689$31,247,714$25,655,924$46,935,458
74$65,876,552$32,702,149$26,438,694$50,701,473
75$72,516,841$34,225,435$27,245,271$54,812,020
76$79,831,948$35,820,870$28,076,377$59,300,623
77$87,890,624$37,491,911$28,932,753$64,204,156
78$96,768,634$39,242,181$29,815,167$69,563,183
79$106,549,466$41,075,478$30,724,406$75,422,329
80$117,325,121$42,995,786$31,661,283$81,830,691
81$129,196,982$45,007,279$32,626,635$88,842,294
82$142,276,772$47,114,333$33,621,324$96,516,584
83$156,687,603$49,321,536$34,646,239$104,918,982
84$172,565,145$51,633,698$35,702,295$114,121,488
85$190,058,902$54,055,861$36,790,434$124,203,346
86$209,333,623$56,593,311$37,911,627$135,251,784
87$230,570,861$59,251,591$39,066,874$147,362,814
88$253,970,680$62,036,511$40,257,206$160,642,133
89$279,753,552$64,954,163$41,483,685$175,206,101
90$308,162,429$68,010,931$42,747,403$191,182,822
91$339,465,043$71,213,513$44,049,487$208,713,342
92$373,956,430$74,568,928$45,391,097$227,952,955
93$411,961,716$78,084,536$46,773,429$249,072,659
94$453,839,186$81,768,052$48,197,714$272,260,745
95$499,983,665$85,627,569$49,665,219$297,724,555
96$550,830,246$89,671,568$51,177,252$325,692,424
97$606,858,399$93,908,942$52,735,157$356,415,805
98$668,596,492$98,349,017$54,340,322$390,171,627
99$736,626,785$103,001,569$55,994,173$427,264,882
100$811,590,922$107,876,851$57,698,183$468,031,478