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%19.7%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,325,839
2 years$707,237$694,065$681,300$668,923$656,917$603,477
3 years$466,808$453,579$440,846$428,585$416,775$365,264
4 years$346,617$333,429$320,823$308,772$297,248$248,058
5 years$274,521$261,412$248,972$237,166$225,963$179,220
6 years$226,473$213,463$201,206$189,664$178,797$134,532
7 years$192,166$179,266$167,203$155,933$145,410$103,608
8 years$166,448$153,664$141,802$130,808$120,631$81,252
9 years$146,455$133,792$122,134$111,420$101,589$64,574
10 years$130,471$117,931$106,479$96,045$86,559$51,837
11 years$117,401$104,987$93,742$83,588$74,444$41,936
12 years$106,517$94,231$83,194$73,318$64,511$34,132
13 years$97,315$85,157$74,328$64,729$56,255$27,915
14 years$89,434$77,405$66,784$57,459$49,313$22,917
15 years$82,611$70,711$60,297$51,243$43,419$18,873
16 years$76,646$64,876$54,668$45,883$38,374$15,582
17 years$71,388$59,749$49,746$41,225$34,025$12,891
18 years$66,719$55,210$45,412$37,152$30,253$10,682
19 years$62,547$51,168$41,572$33,570$26,965$8,865
20 years$58,797$47,548$38,153$30,404$24,086$7,365
21 years$55,409$44,289$35,093$27,594$21,554$6,124
22 years$52,332$41,342$32,344$25,089$19,320$5,097
23 years$49,527$38,667$29,864$22,849$17,343$4,244
24 years$46,960$36,228$27,619$20,840$15,588$3,536
25 years$44,602$33,998$25,581$19,032$14,027$2,948
26 years$42,429$31,953$23,725$17,402$12,635$2,458
27 years$40,420$30,071$22,031$15,928$11,392$2,050
28 years$38,558$28,336$20,480$14,594$10,279$1,711
29 years$36,827$26,732$19,059$13,383$9,282$1,428
30 years$35,215$25,246$17,752$12,282$8,386$1,192
31 years$33,710$23,865$16,550$11,280$7,582$995
32 years$32,302$22,581$15,442$10,367$6,859$830
33 years$30,982$21,385$14,418$9,533$6,207$693
34 years$29,742$20,268$13,471$8,771$5,620$579
35 years$28,576$19,224$12,595$8,074$5,090$484
36 years$27,476$18,246$11,782$7,436$4,612$404
37 years$26,439$17,330$11,028$6,852$4,180$337
38 years$25,459$16,470$10,327$6,315$3,789$282
39 years$24,531$15,661$9,675$5,823$3,436$235
40 years$23,652$14,900$9,069$5,371$3,117$197
41 years$22,818$14,184$8,503$4,955$2,828$164
42 years$22,025$13,508$7,977$4,573$2,566$137
43 years$21,272$12,870$7,485$4,222$2,329$115
44 years$20,555$12,268$7,026$3,898$2,114$96
45 years$19,872$11,699$6,597$3,600$1,919$80
46 years$19,220$11,160$6,196$3,325$1,742$67
47 years$18,598$10,650$5,821$3,072$1,582$56
48 years$18,003$10,167$5,470$2,839$1,437$47
49 years$17,435$9,709$5,142$2,624$1,305$39
50 years$16,891$9,274$4,834$2,425$1,185$33

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 $5,204 every year, while hoping to spend $44,004 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: 63/11/26 Blend
60$17,300,000$17,300,000$17,300,000$17,300,000
61$19,069,968$18,153,068$17,884,918$20,139,634
62$20,968,285$18,995,748$18,437,243$21,707,301
63$23,058,755$19,878,245$19,006,596$23,413,569
64$25,360,932$20,802,463$19,593,501$25,276,350
65$27,896,362$21,770,399$20,198,498$27,310,979
66$30,688,787$22,784,144$20,822,143$29,534,331
67$33,764,370$23,845,894$21,465,012$31,964,977
68$37,151,940$24,957,947$22,127,694$34,623,355
69$40,883,265$26,122,714$22,810,800$37,531,964
70$44,993,354$27,342,723$23,514,957$40,715,569
71$49,520,781$28,620,621$24,240,813$44,201,430
72$54,508,056$29,959,187$24,989,036$48,019,561
73$60,002,023$31,361,332$25,760,313$52,203,003
74$66,054,299$32,830,107$26,555,354$56,788,136
75$72,721,768$34,368,713$27,374,888$61,815,017
76$80,067,111$35,980,503$28,219,670$67,327,754
77$88,159,403$37,668,994$29,090,475$73,374,916
78$97,074,760$39,437,872$29,988,104$80,009,988
79$106,897,061$41,291,004$30,913,381$87,291,873
80$117,718,738$43,232,440$31,867,156$95,285,437
81$129,641,648$45,266,428$32,850,305$104,062,123
82$142,778,037$47,397,424$33,863,731$113,700,614
83$157,251,595$49,630,096$34,908,364$124,287,573
84$173,198,627$51,969,340$35,985,164$135,918,453
85$190,769,339$54,420,290$37,095,119$148,698,395
86$210,129,254$56,988,326$38,239,247$162,743,210
87$231,460,775$59,679,091$39,418,599$178,180,466
88$254,964,909$62,498,502$40,634,257$195,150,688
89$280,863,161$65,452,760$41,887,336$213,808,674
90$309,399,628$68,548,370$43,178,987$234,324,951
91$340,843,300$71,792,150$44,510,393$256,887,372
92$375,490,601$75,191,249$45,882,775$281,702,886
93$413,668,187$78,753,166$47,297,393$308,999,481
94$455,736,030$82,485,758$48,755,543$339,028,328
95$502,090,814$86,397,269$50,258,563$372,066,137
96$553,169,681$90,496,340$51,807,829$408,417,768
97$609,454,360$94,792,032$53,404,762$448,419,093
98$671,475,709$99,293,845$55,050,826$492,440,155
99$739,818,731$104,011,744$56,747,529$540,888,654
100$815,128,095$108,956,173$58,496,425$594,213,781