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%16.3%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,359,533
2 years$715,413$702,089$689,176$676,656$664,512$628,540
3 years$472,204$458,823$445,942$433,540$421,594$386,718
4 years$350,624$337,283$324,532$312,341$300,684$267,172
5 years$277,695$264,434$251,850$239,908$228,575$196,520
6 years$229,091$215,930$203,532$191,856$180,864$150,296
7 years$194,388$181,338$169,136$157,736$147,091$118,014
8 years$168,372$155,440$143,441$132,321$122,026$94,426
9 years$148,149$135,339$123,546$112,708$102,763$76,616
10 years$131,979$119,294$107,710$97,155$87,560$62,833
11 years$118,758$106,201$94,826$84,554$75,304$51,962
12 years$107,749$95,320$84,156$74,165$65,257$43,258
13 years$98,440$86,142$75,188$65,477$56,905$36,204
14 years$90,468$78,300$67,556$58,123$49,883$30,433
15 years$83,566$71,529$60,994$51,836$43,921$25,674
16 years$77,532$65,626$55,300$46,413$38,817$21,723
17 years$72,213$60,439$50,321$41,702$34,418$18,425
18 years$67,491$55,849$45,937$37,582$30,603$15,660
19 years$63,271$51,760$42,053$33,958$27,277$13,333
20 years$59,477$48,098$38,594$30,756$24,364$11,369
21 years$56,049$44,801$35,499$27,913$21,803$9,706
22 years$52,937$41,820$32,718$25,379$19,544$8,294
23 years$50,100$39,114$30,209$23,113$17,544$7,095
24 years$47,503$36,647$27,938$21,081$15,769$6,073
25 years$45,118$34,391$25,877$19,252$14,189$5,202
26 years$42,919$32,322$23,999$17,603$12,781$4,458
27 years$40,887$30,419$22,285$16,113$11,523$3,823
28 years$39,004$28,664$20,717$14,763$10,398$3,279
29 years$37,253$27,041$19,279$13,538$9,389$2,813
30 years$35,622$25,537$17,958$12,424$8,483$2,415
31 years$34,100$24,141$16,741$11,411$7,670$2,073
32 years$32,675$22,843$15,620$10,487$6,938$1,780
33 years$31,340$21,632$14,585$9,643$6,279$1,529
34 years$30,086$20,502$13,627$8,873$5,685$1,314
35 years$28,906$19,446$12,740$8,168$5,149$1,128
36 years$27,794$18,457$11,918$7,522$4,665$970
37 years$26,745$17,530$11,155$6,931$4,228$833
38 years$25,753$16,660$10,446$6,388$3,833$716
39 years$24,815$15,842$9,787$5,890$3,476$615
40 years$23,925$15,072$9,173$5,433$3,153$529
41 years$23,082$14,347$8,602$5,013$2,860$455
42 years$22,280$13,664$8,069$4,626$2,596$391
43 years$21,518$13,019$7,571$4,270$2,356$336
44 years$20,792$12,410$7,107$3,943$2,138$289
45 years$20,101$11,834$6,673$3,641$1,941$248
46 years$19,442$11,289$6,268$3,364$1,762$213
47 years$18,813$10,773$5,888$3,108$1,600$184
48 years$18,211$10,285$5,534$2,872$1,453$158
49 years$17,636$9,821$5,201$2,654$1,320$136
50 years$17,086$9,382$4,890$2,453$1,199$117

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 $4,686 every year, while hoping to spend $38,351 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: 33/44/23 Blend
60$17,500,000$17,500,000$17,500,000$17,500,000
61$19,289,834$18,362,334$18,091,084$19,790,296
62$21,216,591$19,221,283$18,656,330$21,024,671
63$23,338,593$20,121,035$19,239,226$22,350,287
64$25,675,713$21,063,549$19,840,324$23,778,198
65$28,249,852$22,050,879$20,460,191$25,317,453
66$31,085,142$23,085,178$21,099,413$26,977,960
67$34,208,177$24,168,702$21,758,593$28,770,576
68$37,648,260$25,303,817$22,438,355$30,707,198
69$41,437,684$26,493,005$23,139,341$32,800,867
70$45,612,032$27,738,866$23,862,213$35,065,881
71$50,210,515$29,044,128$24,607,654$37,517,920
72$55,276,345$30,411,647$25,376,367$40,174,186
73$60,857,137$31,844,423$26,169,080$43,053,551
74$67,005,362$33,345,596$26,986,541$46,176,724
75$73,778,841$34,918,462$27,829,522$49,566,438
76$81,241,291$36,566,475$28,698,819$53,247,646
77$89,462,926$38,293,256$29,595,254$57,247,751
78$98,521,122$40,102,603$30,519,672$61,596,844
79$108,501,142$41,998,496$31,472,947$66,327,978
80$119,496,947$43,985,110$32,455,979$71,477,463
81$131,612,077$46,066,823$33,469,696$77,085,193
82$144,960,634$48,248,222$34,515,055$83,195,009
83$159,668,353$50,534,120$35,593,044$89,855,091
84$175,873,795$52,929,561$36,704,681$97,118,398
85$193,729,648$55,439,836$37,851,014$105,043,150
86$213,404,175$58,070,491$39,033,126$113,693,352
87$235,082,799$60,827,342$40,252,133$123,139,387
88$258,969,851$63,716,489$41,509,186$133,458,651
89$285,290,503$66,744,324$42,805,472$144,736,261
90$314,292,893$69,917,554$44,142,213$157,065,843
91$346,250,463$73,243,209$45,520,672$170,550,382
92$381,464,545$76,728,662$46,942,150$185,303,172
93$420,267,205$80,381,642$48,407,988$201,448,859
94$463,024,374$84,210,257$49,919,570$219,124,589
95$510,139,307$88,223,007$51,478,323$238,481,271
96$562,056,386$92,428,804$53,085,716$259,684,975
97$619,265,318$96,836,995$54,743,268$282,918,460
98$682,305,754$101,457,382$56,452,542$308,382,873
99$751,772,390$106,300,243$58,215,150$336,299,609
100$828,320,573$111,376,354$60,032,757$366,912,360