Can I retire at age 61 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,357,980
2 years$719,501$706,101$693,114$680,522$668,309$622,927
3 years$474,902$461,445$448,491$436,017$424,003$380,131
4 years$352,627$339,211$326,386$314,126$302,402$260,377
5 years$279,281$265,945$253,289$241,279$229,881$189,815
6 years$230,400$217,164$204,695$192,953$181,897$143,824
7 years$195,499$182,374$170,103$158,637$147,931$111,846
8 years$169,334$156,328$144,261$133,077$122,723$88,601
9 years$148,995$136,112$124,252$113,352$103,351$71,151
10 years$132,733$119,976$108,325$97,710$88,060$57,734
11 years$119,437$106,808$95,368$85,037$75,735$47,226
12 years$108,364$95,865$84,637$74,589$65,630$38,876
13 years$99,003$86,634$75,617$65,851$57,231$32,165
14 years$90,985$78,748$67,942$58,455$50,168$26,722
15 years$84,043$71,937$61,343$52,132$44,172$22,275
16 years$77,975$66,001$55,616$46,678$39,039$18,618
17 years$72,626$60,785$50,609$41,940$34,615$15,597
18 years$67,876$56,168$46,199$37,796$30,778$13,090
19 years$63,632$52,056$42,293$34,152$27,433$11,003
20 years$59,817$48,373$38,815$30,932$24,504$9,261
21 years$56,369$45,057$35,702$28,072$21,928$7,804
22 years$53,240$42,059$32,905$25,524$19,655$6,581
23 years$50,386$39,337$30,382$23,245$17,644$5,554
24 years$47,775$36,856$28,098$21,201$15,859$4,691
25 years$45,376$34,588$26,024$19,362$14,270$3,964
26 years$43,165$32,507$24,136$17,704$12,854$3,351
27 years$41,121$30,593$22,413$16,205$11,589$2,834
28 years$39,227$28,828$20,835$14,847$10,457$2,397
29 years$37,466$27,196$19,389$13,615$9,443$2,029
30 years$35,826$25,683$18,060$12,495$8,532$1,717
31 years$34,295$24,279$16,837$11,476$7,714$1,453
32 years$32,862$22,973$15,709$10,547$6,978$1,231
33 years$31,519$21,756$14,668$9,698$6,315$1,042
34 years$30,258$20,620$13,705$8,923$5,717$883
35 years$29,071$19,557$12,813$8,214$5,178$748
36 years$27,953$18,563$11,986$7,565$4,692$633
37 years$26,898$17,630$11,219$6,970$4,252$536
38 years$25,900$16,755$10,506$6,425$3,855$454
39 years$24,956$15,933$9,843$5,924$3,496$385
40 years$24,062$15,159$9,226$5,464$3,171$326
41 years$23,213$14,429$8,651$5,041$2,877$276
42 years$22,407$13,742$8,115$4,652$2,610$234
43 years$21,641$13,093$7,615$4,295$2,369$198
44 years$20,911$12,481$7,148$3,966$2,150$168
45 years$20,216$11,902$6,711$3,662$1,952$142
46 years$19,553$11,354$6,304$3,383$1,772$121
47 years$18,920$10,835$5,922$3,125$1,610$102
48 years$18,315$10,343$5,565$2,888$1,462$87
49 years$17,737$9,877$5,231$2,669$1,328$73
50 years$17,184$9,435$4,918$2,467$1,206$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,600,000, adding $6,981 every year, while hoping to spend $42,183 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: 44/37/19 Blend
60$17,600,000$17,600,000$17,600,000$17,600,000
61$19,402,401$18,469,601$18,196,801$20,149,158
62$21,336,563$19,329,729$18,761,511$21,535,338
63$23,466,597$20,230,589$19,343,726$23,032,225
64$25,812,435$21,174,134$19,943,986$24,653,864
65$28,396,045$22,162,408$20,562,851$26,411,811
66$31,241,631$23,197,555$21,200,896$28,318,748
67$34,375,866$24,281,824$21,858,715$30,388,597
68$37,828,143$25,417,572$22,536,920$32,636,645
69$41,630,848$26,607,268$23,236,142$35,079,678
70$45,819,673$27,853,503$23,957,031$37,736,136
71$50,433,947$29,158,991$24,700,259$40,626,274
72$55,517,007$30,526,579$25,466,515$43,772,346
73$61,116,611$31,959,251$26,256,513$47,198,807
74$67,285,387$33,460,136$27,070,987$50,932,533
75$74,081,326$35,032,512$27,910,695$55,003,066
76$81,568,336$36,679,820$28,776,417$59,442,881
77$89,816,837$38,405,662$29,668,959$64,287,681
78$98,904,435$40,213,820$30,589,149$69,576,725
79$108,916,645$42,108,255$31,537,844$75,353,184
80$119,947,706$44,093,123$32,515,925$81,664,539
81$132,101,464$46,172,778$33,524,300$88,563,010
82$145,492,357$48,351,787$34,563,908$96,106,045
83$160,246,492$50,634,939$35,635,713$104,356,837
84$176,502,837$53,027,254$36,740,712$113,384,914
85$194,414,532$55,533,995$37,879,932$123,266,775
86$214,150,335$58,160,682$39,054,430$134,086,597
87$235,896,213$60,913,100$40,265,298$145,937,013
88$259,857,102$63,797,316$41,513,660$158,919,967
89$286,258,834$66,819,692$42,800,676$173,147,659
90$315,350,277$69,986,899$44,127,540$188,743,582
91$347,405,678$73,305,930$45,495,485$205,843,670
92$382,727,254$76,784,117$46,905,781$224,597,559
93$421,648,046$80,429,152$48,359,737$245,169,975
94$464,535,062$84,249,095$49,858,703$267,742,266
95$511,792,738$88,252,401$51,404,070$292,514,092
96$563,866,764$92,447,935$52,997,273$319,705,281
97$621,248,282$96,844,992$54,639,789$349,557,875
98$684,478,528$101,453,318$56,333,144$382,338,393
99$754,153,942$106,283,134$58,078,908$418,340,311
100$830,931,794$111,345,158$59,878,701$457,886,804