Can I retire at age 61 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,358,930
2 years$711,325$698,077$685,238$672,789$660,714$632,061
3 years$469,506$456,201$443,394$431,063$419,184$391,341
4 years$348,620$335,356$322,677$310,556$298,966$272,147
5 years$276,108$262,923$250,411$238,537$227,269$201,551
6 years$227,782$214,697$202,369$190,760$179,830$155,240
7 years$193,277$180,302$168,170$156,834$146,250$122,793
8 years$167,410$154,552$142,621$131,564$121,329$98,998
9 years$147,302$134,565$122,840$112,064$102,176$80,957
10 years$131,225$118,613$107,094$96,600$87,059$66,930
11 years$118,079$105,594$94,284$84,071$74,874$55,810
12 years$107,133$94,775$83,675$73,741$64,884$46,857
13 years$97,878$85,649$74,758$65,103$56,580$39,559
14 years$89,951$77,853$67,170$57,791$49,598$33,550
15 years$83,088$71,120$60,646$51,539$43,670$28,561
16 years$77,089$65,251$54,984$46,148$38,596$24,390
17 years$71,800$60,094$50,034$41,463$34,221$20,882
18 years$67,105$55,529$45,674$37,367$30,428$17,919
19 years$62,909$51,464$41,813$33,764$27,121$15,405
20 years$59,137$47,823$38,373$30,580$24,225$13,265
21 years$55,729$44,545$35,296$27,753$21,679$11,438
22 years$52,635$41,581$32,531$25,234$19,432$9,874
23 years$49,814$38,890$30,036$22,981$17,443$8,532
24 years$47,232$36,438$27,779$20,960$15,678$7,379
25 years$44,860$34,195$25,729$19,142$14,108$6,386
26 years$42,674$32,138$23,862$17,502$12,708$5,531
27 years$40,654$30,245$22,158$16,020$11,457$4,792
28 years$38,781$28,500$20,599$14,678$10,338$4,154
29 years$37,040$26,886$19,169$13,460$9,335$3,603
30 years$35,419$25,391$17,855$12,353$8,435$3,126
31 years$33,905$24,003$16,646$11,345$7,626$2,713
32 years$32,489$22,712$15,531$10,427$6,898$2,355
33 years$31,161$21,509$14,501$9,588$6,243$2,045
34 years$29,914$20,385$13,549$8,822$5,652$1,776
35 years$28,741$19,335$12,667$8,121$5,119$1,542
36 years$27,635$18,352$11,850$7,479$4,639$1,340
37 years$26,592$17,430$11,091$6,891$4,204$1,164
38 years$25,606$16,565$10,387$6,352$3,811$1,011
39 years$24,673$15,751$9,731$5,857$3,456$879
40 years$23,789$14,986$9,121$5,402$3,135$764
41 years$22,950$14,266$8,553$4,984$2,844$664
42 years$22,153$13,586$8,023$4,600$2,581$577
43 years$21,395$12,945$7,528$4,246$2,342$502
44 years$20,674$12,339$7,066$3,920$2,126$436
45 years$19,986$11,766$6,635$3,621$1,930$379
46 years$19,331$11,225$6,232$3,344$1,752$330
47 years$18,705$10,712$5,855$3,090$1,591$286
48 years$18,107$10,226$5,502$2,855$1,445$249
49 years$17,536$9,765$5,171$2,639$1,312$217
50 years$16,988$9,328$4,862$2,439$1,192$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,400,000, adding $6,672 every year, while hoping to spend $46,669 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: 44/42/14 Blend
60$17,400,000$17,400,000$17,400,000$17,400,000
61$19,181,682$18,259,482$17,989,782$19,948,036
62$21,088,558$19,104,541$18,542,784$21,328,938
63$23,188,372$19,989,444$19,112,748$22,819,544
64$25,500,753$20,916,094$19,700,192$24,434,145
65$28,047,332$21,886,485$20,305,651$26,184,186
66$30,851,946$22,902,709$20,929,677$28,082,226
67$33,940,860$23,966,957$21,572,836$30,142,047
68$37,343,016$25,081,527$22,235,715$32,378,782
69$41,090,309$26,248,827$22,918,916$34,809,043
70$45,217,882$27,471,381$23,623,061$37,451,072
71$49,764,462$28,751,835$24,348,791$40,324,907
72$54,772,726$30,092,964$25,096,764$43,452,558
73$60,289,701$31,497,675$25,867,662$46,858,207
74$66,367,206$32,969,017$26,662,185$50,568,426
75$73,062,348$34,510,186$27,481,054$54,612,416
76$80,438,053$36,124,531$28,325,015$59,022,273
77$88,563,666$37,815,564$29,194,835$63,833,278
78$97,515,600$39,586,967$30,091,302$69,084,222
79$107,378,062$41,442,600$31,015,232$74,817,751
80$118,243,846$43,386,508$31,967,464$81,080,764
81$130,215,206$45,422,935$32,948,861$87,924,836
82$143,404,825$47,556,327$33,960,316$95,406,693
83$157,936,877$49,791,347$35,002,747$103,588,733
84$173,948,198$52,132,882$36,077,098$112,539,595
85$191,589,580$54,586,058$37,184,346$122,334,793
86$211,027,190$57,156,248$38,325,495$133,057,412
87$232,444,143$59,849,085$39,501,579$144,798,873
88$256,042,230$62,670,474$40,713,666$157,659,776
89$282,043,818$65,626,608$41,962,855$171,750,831
90$310,693,955$68,723,979$43,250,277$187,193,879
91$342,262,678$71,969,393$44,577,101$204,123,026
92$377,047,566$75,369,988$45,944,529$222,685,879
93$415,376,546$78,933,247$47,353,799$243,044,921
94$457,610,992$82,667,013$48,806,189$265,379,015
95$504,149,131$86,579,515$50,303,015$289,885,070
96$555,429,807$90,679,377$51,845,631$316,779,868
97$611,936,623$94,975,641$53,435,435$346,302,085
98$674,202,503$99,477,792$55,073,866$378,714,511
99$742,814,725$104,195,771$56,762,407$414,306,503
100$818,420,466$109,140,003$58,502,587$453,396,677