Can I retire at age 61 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,363,956
2 years$715,413$702,089$689,176$676,656$664,512$632,926
3 years$472,204$458,823$445,942$433,540$421,594$390,928
4 years$350,624$337,283$324,532$312,341$300,684$271,174
5 years$277,695$264,434$251,850$239,908$228,575$200,303
6 years$229,091$215,930$203,532$191,856$180,864$153,860
7 years$194,388$181,338$169,136$157,736$147,091$121,359
8 years$168,372$155,440$143,441$132,321$122,026$97,558
9 years$148,149$135,339$123,546$112,708$102,763$79,540
10 years$131,979$119,294$107,710$97,155$87,560$65,556
11 years$118,758$106,201$94,826$84,554$75,304$54,491
12 years$107,749$95,320$84,156$74,165$65,257$45,601
13 years$98,440$86,142$75,188$65,477$56,905$38,371
14 years$90,468$78,300$67,556$58,123$49,883$32,431
15 years$83,566$71,529$60,994$51,836$43,921$27,513
16 years$77,532$65,626$55,300$46,413$38,817$23,412
17 years$72,213$60,439$50,321$41,702$34,418$19,973
18 years$67,491$55,849$45,937$37,582$30,603$17,076
19 years$63,271$51,760$42,053$33,958$27,277$14,626
20 years$59,477$48,098$38,594$30,756$24,364$12,547
21 years$56,049$44,801$35,499$27,913$21,803$10,777
22 years$52,937$41,820$32,718$25,379$19,544$9,267
23 years$50,100$39,114$30,209$23,113$17,544$7,977
24 years$47,503$36,647$27,938$21,081$15,769$6,872
25 years$45,118$34,391$25,877$19,252$14,189$5,924
26 years$42,919$32,322$23,999$17,603$12,781$5,109
27 years$40,887$30,419$22,285$16,113$11,523$4,409
28 years$39,004$28,664$20,717$14,763$10,398$3,807
29 years$37,253$27,041$19,279$13,538$9,389$3,288
30 years$35,622$25,537$17,958$12,424$8,483$2,841
31 years$34,100$24,141$16,741$11,411$7,670$2,455
32 years$32,675$22,843$15,620$10,487$6,938$2,122
33 years$31,340$21,632$14,585$9,643$6,279$1,835
34 years$30,086$20,502$13,627$8,873$5,685$1,587
35 years$28,906$19,446$12,740$8,168$5,149$1,373
36 years$27,794$18,457$11,918$7,522$4,665$1,187
37 years$26,745$17,530$11,155$6,931$4,228$1,027
38 years$25,753$16,660$10,446$6,388$3,833$889
39 years$24,815$15,842$9,787$5,890$3,476$769
40 years$23,925$15,072$9,173$5,433$3,153$666
41 years$23,082$14,347$8,602$5,013$2,860$576
42 years$22,280$13,664$8,069$4,626$2,596$499
43 years$21,518$13,019$7,571$4,270$2,356$432
44 years$20,792$12,410$7,107$3,943$2,138$374
45 years$20,101$11,834$6,673$3,641$1,941$323
46 years$19,442$11,289$6,268$3,364$1,762$280
47 years$18,813$10,773$5,888$3,108$1,600$242
48 years$18,211$10,285$5,534$2,872$1,453$210
49 years$17,636$9,821$5,201$2,654$1,320$182
50 years$17,086$9,382$4,890$2,453$1,199$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,500,000, adding $6,761 every year, while hoping to spend $35,022 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: 37/33/30 Blend
60$17,500,000$17,500,000$17,500,000$17,500,000
61$19,291,974$18,364,474$18,093,224$19,832,697
62$21,222,492$19,227,070$18,662,084$21,097,656
63$23,348,749$20,130,760$19,248,827$22,459,441
64$25,690,674$21,077,519$19,854,015$23,929,793
65$28,270,226$22,069,421$20,478,228$25,518,564
66$31,111,605$23,108,638$21,122,063$27,236,557
67$34,241,475$24,197,447$21,786,139$29,095,625
68$37,689,221$25,338,238$22,471,090$31,108,773
69$41,487,223$26,533,513$23,177,574$33,290,275
70$45,671,163$27,785,899$23,906,266$35,655,797
71$50,280,361$29,098,147$24,657,865$38,222,542
72$55,358,145$30,473,144$25,433,090$41,009,398
73$60,952,263$31,913,914$26,232,686$44,037,112
74$67,115,329$33,423,632$27,057,416$47,328,473
75$73,905,326$35,005,623$27,908,073$50,908,519
76$81,386,145$36,663,374$28,785,469$54,804,761
77$89,628,196$38,400,544$29,690,446$59,047,435
78$98,709,067$40,220,965$30,623,871$63,669,772
79$108,714,258$42,128,660$31,586,638$68,708,305
80$119,737,991$44,127,842$32,579,669$74,203,195
81$131,884,093$46,222,933$33,603,915$80,198,603
82$145,266,982$48,418,568$34,660,357$86,743,090
83$160,012,742$50,719,607$35,750,007$93,890,063
84$176,260,319$53,131,144$36,873,910$101,698,262
85$194,162,826$55,658,525$38,033,140$110,232,302
86$213,888,994$58,307,352$39,228,810$119,563,264
87$235,624,760$61,083,501$40,462,064$129,769,353
88$259,575,025$63,993,132$41,734,082$140,936,614
89$285,965,589$67,042,707$43,046,085$153,159,728
90$315,045,278$70,238,998$44,399,328$166,542,887
91$347,088,298$73,589,111$45,795,107$181,200,757
92$382,396,821$77,100,494$47,234,760$197,259,538
93$421,303,837$80,780,958$48,719,664$214,858,136
94$464,176,298$84,638,695$50,251,243$234,149,449
95$511,418,584$88,682,295$51,830,963$255,301,786
96$563,476,317$92,920,765$53,460,338$278,500,433
97$620,840,569$97,363,550$55,140,927$303,949,375
98$684,052,499$102,020,556$56,874,340$331,873,190
99$753,708,461$106,902,170$58,662,238$362,519,148
100$830,465,634$112,019,286$60,506,332$396,159,507