Can I retire at age 61 with 17,700,000?

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 $17,700,000?

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$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,368,435
2 years$723,589$710,113$697,052$684,389$672,106$629,165
3 years$477,601$464,066$451,039$438,495$426,412$384,865
4 years$354,631$341,138$328,241$315,911$304,120$264,286
5 years$280,868$267,456$254,728$242,650$231,188$193,173
6 years$231,709$218,398$205,858$194,049$182,931$146,770
7 years$196,609$183,410$171,069$159,538$148,772$114,462
8 years$170,296$157,217$145,080$133,833$123,420$90,941
9 years$149,842$136,885$124,958$113,996$103,938$73,253
10 years$133,487$120,658$108,941$98,265$88,560$59,627
11 years$120,115$107,415$95,910$85,520$76,165$48,932
12 years$108,980$96,409$85,118$75,013$66,003$40,414
13 years$99,565$87,126$76,047$66,225$57,556$33,552
14 years$91,502$79,195$68,328$58,787$50,453$27,971
15 years$84,521$72,346$61,691$52,428$44,423$23,398
16 years$78,418$66,376$55,932$46,944$39,261$19,628
17 years$73,038$61,130$50,896$42,178$34,812$16,503
18 years$68,262$56,487$46,462$38,011$30,953$13,902
19 years$63,994$52,351$42,533$34,346$27,589$11,730
20 years$60,157$48,648$39,035$31,107$24,643$9,911
21 years$56,690$45,313$35,905$28,232$22,053$8,383
22 years$53,542$42,298$33,092$25,669$19,767$7,098
23 years$50,673$39,561$30,554$23,377$17,744$6,014
24 years$48,046$37,066$28,258$21,322$15,949$5,099
25 years$45,633$34,784$26,172$19,472$14,351$4,326
26 years$43,410$32,692$24,273$17,804$12,927$3,672
27 years$41,355$30,767$22,540$16,297$11,655$3,118
28 years$39,449$28,991$20,954$14,931$10,517$2,648
29 years$37,679$27,350$19,499$13,692$9,496$2,250
30 years$36,030$25,829$18,163$12,566$8,580$1,912
31 years$34,490$24,417$16,933$11,541$7,757$1,626
32 years$33,049$23,104$15,799$10,606$7,017$1,382
33 years$31,698$21,879$14,751$9,753$6,351$1,175
34 years$30,430$20,737$13,783$8,974$5,750$1,000
35 years$29,236$19,669$12,886$8,261$5,208$850
36 years$28,112$18,668$12,054$7,608$4,718$723
37 years$27,050$17,731$11,283$7,010$4,277$615
38 years$26,047$16,850$10,566$6,461$3,877$523
39 years$25,098$16,023$9,899$5,958$3,516$445
40 years$24,199$15,245$9,278$5,495$3,189$379
41 years$23,345$14,511$8,700$5,070$2,893$322
42 years$22,535$13,820$8,161$4,679$2,625$274
43 years$21,764$13,168$7,658$4,319$2,383$233
44 years$21,030$12,552$7,188$3,988$2,163$199
45 years$20,331$11,969$6,750$3,683$1,963$169
46 years$19,664$11,418$6,339$3,402$1,783$144
47 years$19,028$10,896$5,956$3,143$1,619$122
48 years$18,419$10,402$5,597$2,904$1,470$104
49 years$17,838$9,933$5,261$2,684$1,335$89
50 years$17,281$9,489$4,946$2,481$1,213$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,700,000, adding $2,190 every year, while hoping to spend $57,738 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: 57/23/20 Blend
60$17,700,000$17,700,000$17,700,000$17,700,000
61$19,507,659$18,569,559$18,295,209$20,515,266
62$21,436,007$19,418,035$18,846,666$22,050,084
63$23,559,112$20,306,150$19,414,661$23,715,519
64$25,896,778$21,235,788$19,999,688$25,529,271
65$28,470,826$22,208,918$20,602,255$27,505,628
66$31,305,304$23,227,609$21,222,884$29,660,302
67$34,426,707$24,294,024$21,862,113$32,010,569
68$37,864,234$25,410,434$22,520,496$34,575,434
69$41,650,057$26,579,217$23,198,605$37,375,796
70$45,819,631$27,802,866$23,897,025$40,434,648
71$50,412,021$29,083,994$24,616,363$43,777,285
72$55,470,276$30,425,339$25,357,241$47,431,538
73$61,041,835$31,829,771$26,120,299$51,428,029
74$67,178,970$33,300,298$26,906,197$55,800,456
75$73,939,286$34,840,074$27,715,616$60,585,903
76$81,386,258$36,452,402$28,549,254$65,825,184
77$89,589,834$38,140,747$29,407,831$71,563,220
78$98,627,093$39,908,740$30,292,089$77,849,459
79$108,582,974$41,760,186$31,202,792$84,738,328
80$119,551,077$43,699,074$32,140,725$92,289,748
81$131,634,544$45,729,586$33,106,696$100,569,682
82$144,947,036$47,856,104$34,101,539$109,650,756
83$159,613,804$50,083,224$35,126,111$119,612,929
84$175,772,871$52,415,761$36,181,295$130,544,246
85$193,576,334$54,858,763$37,267,999$142,541,649
86$213,191,801$57,417,524$38,387,158$155,711,892
87$234,803,973$60,097,590$39,539,735$170,172,529
88$258,616,384$62,904,778$40,726,722$186,053,017
89$284,853,326$65,845,184$41,949,139$203,495,925
90$313,761,966$68,925,198$43,208,036$222,658,268
91$345,614,676$72,151,522$44,504,494$243,712,973
92$380,711,605$75,531,179$45,839,627$266,850,502
93$419,383,515$79,071,533$47,214,580$292,280,632
94$461,994,898$82,780,302$48,630,533$320,234,424
95$508,947,421$86,665,581$50,088,700$350,966,384
96$560,683,717$90,735,853$51,590,330$384,756,852
97$617,691,560$95,000,014$53,136,710$421,914,632
98$680,508,473$99,467,389$54,729,164$462,779,888
99$749,726,802$104,147,755$56,369,055$507,727,336
100$825,999,303$109,051,362$58,057,786$557,169,763