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%17.5%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,345,241
2 years$711,325$698,077$685,238$672,789$660,714$618,502
3 years$469,506$456,201$443,394$431,063$419,184$378,342
4 years$348,620$335,356$322,677$310,556$298,966$259,806
5 years$276,108$262,923$250,411$238,537$227,269$189,899
6 years$227,782$214,697$202,369$190,760$179,830$144,282
7 years$193,277$180,302$168,170$156,834$146,250$112,522
8 years$167,410$154,552$142,621$131,564$121,329$89,400
9 years$147,302$134,565$122,840$112,064$102,176$72,012
10 years$131,225$118,613$107,094$96,600$87,059$58,616
11 years$118,079$105,594$94,284$84,071$74,874$48,102
12 years$107,133$94,775$83,675$73,741$64,884$39,729
13 years$97,878$85,649$74,758$65,103$56,580$32,983
14 years$89,951$77,853$67,170$57,791$49,598$27,497
15 years$83,088$71,120$60,646$51,539$43,670$23,001
16 years$77,089$65,251$54,984$46,148$38,596$19,295
17 years$71,800$60,094$50,034$41,463$34,221$16,223
18 years$67,105$55,529$45,674$37,367$30,428$13,667
19 years$62,909$51,464$41,813$33,764$27,121$11,532
20 years$59,137$47,823$38,373$30,580$24,225$9,743
21 years$55,729$44,545$35,296$27,753$21,679$8,241
22 years$52,635$41,581$32,531$25,234$19,432$6,977
23 years$49,814$38,890$30,036$22,981$17,443$5,912
24 years$47,232$36,438$27,779$20,960$15,678$5,013
25 years$44,860$34,195$25,729$19,142$14,108$4,253
26 years$42,674$32,138$23,862$17,502$12,708$3,610
27 years$40,654$30,245$22,158$16,020$11,457$3,065
28 years$38,781$28,500$20,599$14,678$10,338$2,603
29 years$37,040$26,886$19,169$13,460$9,335$2,212
30 years$35,419$25,391$17,855$12,353$8,435$1,880
31 years$33,905$24,003$16,646$11,345$7,626$1,598
32 years$32,489$22,712$15,531$10,427$6,898$1,359
33 years$31,161$21,509$14,501$9,588$6,243$1,155
34 years$29,914$20,385$13,549$8,822$5,652$983
35 years$28,741$19,335$12,667$8,121$5,119$836
36 years$27,635$18,352$11,850$7,479$4,639$711
37 years$26,592$17,430$11,091$6,891$4,204$605
38 years$25,606$16,565$10,387$6,352$3,811$514
39 years$24,673$15,751$9,731$5,857$3,456$438
40 years$23,789$14,986$9,121$5,402$3,135$372
41 years$22,950$14,266$8,553$4,984$2,844$317
42 years$22,153$13,586$8,023$4,600$2,581$270
43 years$21,395$12,945$7,528$4,246$2,342$229
44 years$20,674$12,339$7,066$3,920$2,126$195
45 years$19,986$11,766$6,635$3,621$1,930$166
46 years$19,331$11,225$6,232$3,344$1,752$141
47 years$18,705$10,712$5,855$3,090$1,591$120
48 years$18,107$10,226$5,502$2,855$1,445$102
49 years$17,536$9,765$5,171$2,639$1,312$87
50 years$16,988$9,328$4,862$2,439$1,192$74

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 $4,360 every year, while hoping to spend $49,779 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: 53/38/9 Blend
60$17,400,000$17,400,000$17,400,000$17,400,000
61$19,179,297$18,257,097$17,987,397$20,152,262
62$21,082,621$19,098,731$18,537,011$21,654,881
63$23,178,416$19,979,936$19,103,368$23,283,023
64$25,486,260$20,902,599$19,686,977$25,053,149
65$28,027,730$21,868,697$20,288,362$26,978,698
66$30,826,598$22,880,303$20,908,062$29,074,432
67$33,909,063$23,939,589$21,546,633$31,356,568
68$37,303,990$25,048,832$22,204,648$33,842,928
69$41,043,191$26,210,418$22,882,697$36,553,098
70$45,161,717$27,426,849$23,581,388$39,508,604
71$49,698,194$28,700,747$24,301,347$42,733,109
72$54,695,186$30,034,861$25,043,219$46,252,629
73$60,199,597$31,432,071$25,807,669$50,095,768
74$66,263,111$32,895,397$26,595,380$54,293,982
75$72,942,683$34,428,006$27,407,060$58,881,863
76$80,301,074$36,033,216$28,243,434$63,897,458
77$88,407,446$37,714,506$29,105,251$69,382,618
78$97,338,011$39,475,522$29,993,283$75,383,381
79$107,176,753$41,320,087$30,908,323$81,950,398
80$118,016,220$43,252,210$31,851,190$89,139,394
81$129,958,397$45,276,091$32,822,727$97,011,690
82$143,115,669$47,396,135$33,823,804$105,634,761
83$157,611,880$49,616,958$34,855,314$115,082,863
84$173,583,505$51,943,402$35,918,180$125,437,722
85$191,180,934$54,380,541$37,013,351$136,789,286
86$210,569,897$56,933,695$38,141,806$149,236,563
87$231,933,022$59,608,441$39,304,552$162,888,536
88$255,471,563$62,410,627$40,502,627$177,865,177
89$281,407,298$65,346,384$41,737,101$194,298,561
90$309,984,624$68,422,138$43,009,075$212,334,095
91$341,472,861$71,644,629$44,319,685$232,131,872
92$376,168,797$75,020,920$45,670,099$253,868,157
93$414,399,489$78,558,419$47,061,521$277,737,036
94$456,525,347$82,264,892$48,495,193$303,952,222
95$502,943,542$86,148,482$49,972,391$332,749,052
96$554,091,750$90,217,724$51,494,433$364,386,680
97$610,452,286$94,481,570$53,062,674$399,150,501
98$672,556,657$98,949,405$54,678,512$437,354,820
99$740,990,579$103,631,068$56,343,384$479,345,784
100$816,399,504$108,536,877$58,058,774$525,504,629