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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,363,515
2 years$723,589$710,113$697,052$684,389$672,106$624,320
3 years$477,601$464,066$451,039$438,495$426,412$380,248
4 years$354,631$341,138$328,241$315,911$304,120$259,932
5 years$280,868$267,456$254,728$242,650$231,188$189,092
6 years$231,709$218,398$205,858$194,049$182,931$142,961
7 years$196,609$183,410$171,069$159,538$148,772$110,922
8 years$170,296$157,217$145,080$133,833$123,420$87,661
9 years$149,842$136,885$124,958$113,996$103,938$70,225
10 years$133,487$120,658$108,941$98,265$88,560$56,839
11 years$120,115$107,415$95,910$85,520$76,165$46,373
12 years$108,980$96,409$85,118$75,013$66,003$38,073
13 years$99,565$87,126$76,047$66,225$57,556$31,415
14 years$91,502$79,195$68,328$58,787$50,453$26,027
15 years$84,521$72,346$61,691$52,428$44,423$21,633
16 years$78,418$66,376$55,932$46,944$39,261$18,030
17 years$73,038$61,130$50,896$42,178$34,812$15,060
18 years$68,262$56,487$46,462$38,011$30,953$12,602
19 years$63,994$52,351$42,533$34,346$27,589$10,561
20 years$60,157$48,648$39,035$31,107$24,643$8,862
21 years$56,690$45,313$35,905$28,232$22,053$7,444
22 years$53,542$42,298$33,092$25,669$19,767$6,258
23 years$50,673$39,561$30,554$23,377$17,744$5,265
24 years$48,046$37,066$28,258$21,322$15,949$4,432
25 years$45,633$34,784$26,172$19,472$14,351$3,733
26 years$43,410$32,692$24,273$17,804$12,927$3,146
27 years$41,355$30,767$22,540$16,297$11,655$2,652
28 years$39,449$28,991$20,954$14,931$10,517$2,236
29 years$37,679$27,350$19,499$13,692$9,496$1,886
30 years$36,030$25,829$18,163$12,566$8,580$1,591
31 years$34,490$24,417$16,933$11,541$7,757$1,342
32 years$33,049$23,104$15,799$10,606$7,017$1,133
33 years$31,698$21,879$14,751$9,753$6,351$956
34 years$30,430$20,737$13,783$8,974$5,750$807
35 years$29,236$19,669$12,886$8,261$5,208$681
36 years$28,112$18,668$12,054$7,608$4,718$575
37 years$27,050$17,731$11,283$7,010$4,277$486
38 years$26,047$16,850$10,566$6,461$3,877$410
39 years$25,098$16,023$9,899$5,958$3,516$346
40 years$24,199$15,245$9,278$5,495$3,189$292
41 years$23,345$14,511$8,700$5,070$2,893$247
42 years$22,535$13,820$8,161$4,679$2,625$208
43 years$21,764$13,168$7,658$4,319$2,383$176
44 years$21,030$12,552$7,188$3,988$2,163$149
45 years$20,331$11,969$6,750$3,683$1,963$126
46 years$19,664$11,418$6,339$3,402$1,783$106
47 years$19,028$10,896$5,956$3,143$1,619$90
48 years$18,419$10,402$5,597$2,904$1,470$76
49 years$17,838$9,933$5,261$2,684$1,335$64
50 years$17,281$9,489$4,946$2,481$1,213$54

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 $3,182 every year, while hoping to spend $40,305 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: 32/38/30 Blend
60$17,700,000$17,700,000$17,700,000$17,700,000
61$19,508,682$18,570,582$18,296,232$19,954,693
62$21,455,684$19,437,657$18,866,272$21,166,488
63$23,599,928$20,345,867$19,454,057$22,466,990
64$25,961,493$21,297,186$20,060,139$23,866,989
65$28,562,499$22,293,682$20,685,088$25,375,284
66$31,427,326$23,337,524$21,329,490$27,001,521
67$34,582,835$24,430,985$21,993,951$28,756,265
68$38,058,629$25,576,448$22,679,093$30,651,099
69$41,887,327$26,776,412$23,385,560$32,698,720
70$46,104,874$28,033,496$24,114,016$34,913,055
71$50,750,879$29,350,445$24,865,144$37,309,378
72$55,868,991$30,730,139$25,639,648$39,904,448
73$61,507,309$32,175,597$26,438,257$42,716,654
74$67,718,835$33,689,981$27,261,719$45,766,181
75$74,561,976$35,276,611$28,110,807$49,075,188
76$82,101,096$36,938,963$28,986,318$52,668,007
77$90,407,122$38,680,686$29,889,073$56,571,356
78$99,558,210$40,505,602$30,819,919$60,814,585
79$109,640,491$42,417,720$31,779,730$65,429,934
80$120,748,876$44,421,243$32,769,405$70,452,828
81$132,987,956$46,520,578$33,789,874$75,922,196
82$146,472,986$48,720,345$34,842,094$81,880,818
83$161,330,978$51,025,389$35,927,051$88,375,722
84$177,701,894$53,440,789$37,045,764$95,458,604
85$195,739,970$55,971,871$38,199,280$103,186,303
86$215,615,174$58,624,220$39,388,683$111,621,317
87$237,514,805$61,403,690$40,615,087$120,832,376
88$261,645,265$64,316,420$41,879,643$130,895,070
89$288,234,007$67,368,849$43,183,535$141,892,540
90$317,531,679$70,567,727$44,527,987$153,916,246
91$349,814,494$73,920,130$45,914,259$167,066,804
92$385,386,837$77,433,480$47,343,650$181,454,913
93$424,584,133$81,115,559$48,817,501$197,202,375
94$467,776,020$84,974,527$50,337,193$214,443,221
95$515,369,835$89,018,939$51,904,150$233,324,946
96$567,814,460$93,257,769$53,519,841$254,009,877
97$625,604,559$97,700,424$55,185,780$276,676,671
98$689,285,248$102,356,770$56,903,528$301,521,975
99$759,457,243$107,237,150$58,674,695$328,762,247
100$836,782,525$112,352,414$60,500,941$358,635,769