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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,372,559
2 years$707,237$694,065$681,300$668,923$656,917$649,886
3 years$466,808$453,579$440,846$428,585$416,775$409,897
4 years$346,617$333,429$320,823$308,772$297,248$290,576
5 years$274,521$261,412$248,972$237,166$225,963$219,517
6 years$226,473$213,463$201,206$189,664$178,797$172,586
7 years$192,166$179,266$167,203$155,933$145,410$139,436
8 years$166,448$153,664$141,802$130,808$120,631$114,896
9 years$146,455$133,792$122,134$111,420$101,589$96,090
10 years$130,471$117,931$106,479$96,045$86,559$81,294
11 years$117,401$104,987$93,742$83,588$74,444$69,409
12 years$106,517$94,231$83,194$73,318$64,511$59,703
13 years$97,315$85,157$74,328$64,729$56,255$51,669
14 years$89,434$77,405$66,784$57,459$49,313$44,943
15 years$82,611$70,711$60,297$51,243$43,419$39,261
16 years$76,646$64,876$54,668$45,883$38,374$34,421
17 years$71,388$59,749$49,746$41,225$34,025$30,271
18 years$66,719$55,210$45,412$37,152$30,253$26,693
19 years$62,547$51,168$41,572$33,570$26,965$23,592
20 years$58,797$47,548$38,153$30,404$24,086$20,893
21 years$55,409$44,289$35,093$27,594$21,554$18,535
22 years$52,332$41,342$32,344$25,089$19,320$16,468
23 years$49,527$38,667$29,864$22,849$17,343$14,651
24 years$46,960$36,228$27,619$20,840$15,588$13,050
25 years$44,602$33,998$25,581$19,032$14,027$11,636
26 years$42,429$31,953$23,725$17,402$12,635$10,385
27 years$40,420$30,071$22,031$15,928$11,392$9,276
28 years$38,558$28,336$20,480$14,594$10,279$8,291
29 years$36,827$26,732$19,059$13,383$9,282$7,416
30 years$35,215$25,246$17,752$12,282$8,386$6,637
31 years$33,710$23,865$16,550$11,280$7,582$5,943
32 years$32,302$22,581$15,442$10,367$6,859$5,323
33 years$30,982$21,385$14,418$9,533$6,207$4,770
34 years$29,742$20,268$13,471$8,771$5,620$4,277
35 years$28,576$19,224$12,595$8,074$5,090$3,835
36 years$27,476$18,246$11,782$7,436$4,612$3,440
37 years$26,439$17,330$11,028$6,852$4,180$3,087
38 years$25,459$16,470$10,327$6,315$3,789$2,770
39 years$24,531$15,661$9,675$5,823$3,436$2,487
40 years$23,652$14,900$9,069$5,371$3,117$2,233
41 years$22,818$14,184$8,503$4,955$2,828$2,005
42 years$22,025$13,508$7,977$4,573$2,566$1,801
43 years$21,272$12,870$7,485$4,222$2,329$1,617
44 years$20,555$12,268$7,026$3,898$2,114$1,453
45 years$19,872$11,699$6,597$3,600$1,919$1,305
46 years$19,220$11,160$6,196$3,325$1,742$1,173
47 years$18,598$10,650$5,821$3,072$1,582$1,054
48 years$18,003$10,167$5,470$2,839$1,437$947
49 years$17,435$9,709$5,142$2,624$1,305$851
50 years$16,891$9,274$4,834$2,425$1,185$765

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 $6,093 every year, while hoping to spend $27,520 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: 39/49/12 Blend
60$17,300,000$17,300,000$17,300,000$17,300,000
61$19,070,885$18,153,985$17,885,835$19,745,390
62$20,986,834$19,014,249$18,455,729$21,084,101
63$23,097,288$19,915,744$19,043,793$22,527,503
64$25,422,056$20,860,461$19,650,605$24,087,557
65$27,982,970$21,850,487$20,276,764$25,774,793
66$30,804,084$22,888,012$20,922,887$27,600,751
67$33,911,908$23,975,332$21,589,611$29,578,083
68$37,335,653$25,114,854$22,277,594$31,720,662
69$41,107,509$26,309,101$22,987,512$34,043,704
70$45,262,948$27,560,720$23,720,067$36,563,903
71$49,841,060$28,872,486$24,475,981$39,299,574
72$54,884,920$30,247,310$25,255,998$42,270,817
73$60,441,996$31,688,242$26,060,888$45,499,699
74$66,564,596$33,198,483$26,891,444$49,010,442
75$73,310,364$34,781,387$27,748,486$52,829,648
76$80,742,819$36,440,473$28,632,859$56,986,529
77$88,931,961$38,179,431$29,545,434$61,513,174
78$97,954,926$40,002,129$30,487,111$66,444,835
79$107,896,719$41,912,624$31,458,820$71,820,247
80$118,851,013$43,915,170$32,461,519$77,681,972
81$130,921,032$46,014,229$33,496,195$84,076,793
82$144,220,531$48,214,480$34,563,871$91,056,128
83$158,874,863$50,520,828$35,665,599$98,676,505
84$175,022,168$52,938,417$36,802,466$107,000,073
85$192,814,674$55,472,644$37,975,593$116,095,169
86$212,420,132$58,129,166$39,186,137$126,036,941
87$234,023,406$60,913,915$40,435,293$136,908,037
88$257,828,211$63,833,115$41,724,293$148,799,362
89$284,059,041$66,893,289$43,054,409$161,810,909
90$312,963,284$70,101,281$44,426,952$176,052,682
91$344,813,561$73,464,267$45,843,278$191,645,704
92$379,910,300$76,989,771$47,304,784$208,723,135
93$418,584,568$80,685,687$48,812,911$227,431,496
94$461,201,198$84,560,290$50,369,148$247,932,024
95$508,162,237$88,622,261$51,975,030$270,402,163
96$559,910,734$92,880,701$53,632,143$295,037,202
97$616,934,931$97,345,157$55,342,122$322,052,088
98$679,772,865$102,025,641$57,106,654$351,683,413
99$749,017,451$106,932,651$58,927,480$384,191,613
100$825,322,079$112,077,199$60,806,399$419,863,386