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%20%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,339,579
2 years$715,413$702,089$689,176$676,656$664,512$608,899
3 years$472,204$458,823$445,942$433,540$421,594$368,016
4 years$350,624$337,283$324,532$312,341$300,684$249,549
5 years$277,695$264,434$251,850$239,908$228,575$180,012
6 years$229,091$215,930$203,532$191,856$180,864$134,903
7 years$194,388$181,338$169,136$157,736$147,091$103,715
8 years$168,372$155,440$143,441$132,321$122,026$81,191
9 years$148,149$135,339$123,546$112,708$102,763$64,406
10 years$131,979$119,294$107,710$97,155$87,560$51,604
11 years$118,758$106,201$94,826$84,554$75,304$41,666
12 years$107,749$95,320$84,156$74,165$65,257$33,844
13 years$98,440$86,142$75,188$65,477$56,905$27,622
14 years$90,468$78,300$67,556$58,123$49,883$22,630
15 years$83,566$71,529$60,994$51,836$43,921$18,596
16 years$77,532$65,626$55,300$46,413$38,817$15,320
17 years$72,213$60,439$50,321$41,702$34,418$12,646
18 years$67,491$55,849$45,937$37,582$30,603$10,456
19 years$63,271$51,760$42,053$33,958$27,277$8,657
20 years$59,477$48,098$38,594$30,756$24,364$7,175
21 years$56,049$44,801$35,499$27,913$21,803$5,953
22 years$52,937$41,820$32,718$25,379$19,544$4,943
23 years$50,100$39,114$30,209$23,113$17,544$4,106
24 years$47,503$36,647$27,938$21,081$15,769$3,413
25 years$45,118$34,391$25,877$19,252$14,189$2,838
26 years$42,919$32,322$23,999$17,603$12,781$2,361
27 years$40,887$30,419$22,285$16,113$11,523$1,965
28 years$39,004$28,664$20,717$14,763$10,398$1,635
29 years$37,253$27,041$19,279$13,538$9,389$1,361
30 years$35,622$25,537$17,958$12,424$8,483$1,133
31 years$34,100$24,141$16,741$11,411$7,670$944
32 years$32,675$22,843$15,620$10,487$6,938$786
33 years$31,340$21,632$14,585$9,643$6,279$655
34 years$30,086$20,502$13,627$8,873$5,685$545
35 years$28,906$19,446$12,740$8,168$5,149$454
36 years$27,794$18,457$11,918$7,522$4,665$379
37 years$26,745$17,530$11,155$6,931$4,228$315
38 years$25,753$16,660$10,446$6,388$3,833$263
39 years$24,815$15,842$9,787$5,890$3,476$219
40 years$23,925$15,072$9,173$5,433$3,153$182
41 years$23,082$14,347$8,602$5,013$2,860$152
42 years$22,280$13,664$8,069$4,626$2,596$127
43 years$21,518$13,019$7,571$4,270$2,356$106
44 years$20,792$12,410$7,107$3,943$2,138$88
45 years$20,101$11,834$6,673$3,641$1,941$73
46 years$19,442$11,289$6,268$3,364$1,762$61
47 years$18,813$10,773$5,888$3,108$1,600$51
48 years$18,211$10,285$5,534$2,872$1,453$42
49 years$17,636$9,821$5,201$2,654$1,320$35
50 years$17,086$9,382$4,890$2,453$1,199$29

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 $6,532 every year, while hoping to spend $43,254 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: 41/43/16 Blend
60$17,500,000$17,500,000$17,500,000$17,500,000
61$19,291,738$18,364,238$18,092,988$19,991,346
62$21,213,473$19,218,063$18,653,081$21,340,978
63$23,329,776$20,112,277$19,230,488$22,796,097
64$25,660,446$21,048,812$19,825,742$24,370,117
65$28,227,302$22,029,694$20,439,395$26,073,899
66$31,054,386$23,057,048$21,072,014$27,919,360
67$34,168,192$24,133,102$21,724,185$29,919,570
68$37,597,913$25,260,190$22,396,511$32,088,873
69$41,375,720$26,440,758$23,089,613$34,443,011
70$45,537,061$27,677,374$23,804,133$36,999,265
71$50,121,002$28,972,725$24,540,732$39,776,606
72$55,170,587$30,329,632$25,300,090$42,795,868
73$60,733,254$31,751,051$26,082,910$46,079,934
74$66,861,274$33,240,081$26,889,915$49,653,938
75$73,612,248$34,799,969$27,721,852$53,545,494
76$81,049,653$36,434,122$28,579,489$57,784,947
77$89,243,434$38,146,111$29,463,619$62,405,641
78$98,270,673$39,939,680$30,375,059$67,444,226
79$108,216,309$41,818,751$31,314,651$72,940,989
80$119,173,944$43,787,441$32,283,263$78,940,222
81$131,246,724$45,850,064$33,281,790$85,490,622
82$144,548,315$48,011,141$34,311,154$92,645,738
83$159,203,972$50,275,416$35,372,307$100,464,460
84$175,351,725$52,647,860$36,466,227$109,011,556
85$193,143,681$55,133,685$37,593,926$118,358,271
86$212,747,459$57,738,358$38,756,445$128,582,975
87$234,347,769$60,467,607$39,954,856$139,771,888
88$258,148,164$63,327,442$41,190,265$152,019,870
89$284,372,952$66,324,162$42,463,815$165,431,300
90$313,269,319$69,464,372$43,776,679$180,121,035
91$345,109,661$72,754,998$45,130,069$196,215,473
92$380,194,155$76,203,301$46,525,234$213,853,723
93$418,853,590$79,816,895$47,963,461$233,188,889
94$461,452,497$83,603,763$49,446,078$254,389,494
95$508,392,581$87,572,277$50,974,451$277,641,039
96$560,116,520$91,731,213$52,549,990$303,147,727
97$617,112,139$96,089,777$54,174,148$331,134,359
98$679,917,018$100,657,617$55,848,424$361,848,427
99$749,123,568$105,444,854$57,574,360$395,562,413
100$825,384,619$110,462,099$59,353,548$432,576,327