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%15.3%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,380,669
2 years$723,589$710,113$697,052$684,389$672,106$641,277
3 years$477,601$464,066$451,039$438,495$426,412$396,469
4 years$354,631$341,138$328,241$315,911$304,120$275,296
5 years$280,868$267,456$254,728$242,650$231,188$203,562
6 years$231,709$218,398$205,858$194,049$182,931$156,533
7 years$196,609$183,410$171,069$159,538$148,772$123,608
8 years$170,296$157,217$145,080$133,833$123,420$99,481
9 years$149,842$136,885$124,958$113,996$103,938$81,205
10 years$133,487$120,658$108,941$98,265$88,560$67,011
11 years$120,115$107,415$95,910$85,520$76,165$55,771
12 years$108,980$96,409$85,118$75,013$66,003$46,733
13 years$99,565$87,126$76,047$66,225$57,556$39,376
14 years$91,502$79,195$68,328$58,787$50,453$33,327
15 years$84,521$72,346$61,691$52,428$44,423$28,312
16 years$78,418$66,376$55,932$46,944$39,261$24,126
17 years$73,038$61,130$50,896$42,178$34,812$20,612
18 years$68,262$56,487$46,462$38,011$30,953$17,648
19 years$63,994$52,351$42,533$34,346$27,589$15,138
20 years$60,157$48,648$39,035$31,107$24,643$13,006
21 years$56,690$45,313$35,905$28,232$22,053$11,189
22 years$53,542$42,298$33,092$25,669$19,767$9,636
23 years$50,673$39,561$30,554$23,377$17,744$8,307
24 years$48,046$37,066$28,258$21,322$15,949$7,168
25 years$45,633$34,784$26,172$19,472$14,351$6,189
26 years$43,410$32,692$24,273$17,804$12,927$5,347
27 years$41,355$30,767$22,540$16,297$11,655$4,622
28 years$39,449$28,991$20,954$14,931$10,517$3,997
29 years$37,679$27,350$19,499$13,692$9,496$3,458
30 years$36,030$25,829$18,163$12,566$8,580$2,992
31 years$34,490$24,417$16,933$11,541$7,757$2,590
32 years$33,049$23,104$15,799$10,606$7,017$2,243
33 years$31,698$21,879$14,751$9,753$6,351$1,943
34 years$30,430$20,737$13,783$8,974$5,750$1,683
35 years$29,236$19,669$12,886$8,261$5,208$1,458
36 years$28,112$18,668$12,054$7,608$4,718$1,263
37 years$27,050$17,731$11,283$7,010$4,277$1,095
38 years$26,047$16,850$10,566$6,461$3,877$949
39 years$25,098$16,023$9,899$5,958$3,516$822
40 years$24,199$15,245$9,278$5,495$3,189$713
41 years$23,345$14,511$8,700$5,070$2,893$618
42 years$22,535$13,820$8,161$4,679$2,625$536
43 years$21,764$13,168$7,658$4,319$2,383$465
44 years$21,030$12,552$7,188$3,988$2,163$403
45 years$20,331$11,969$6,750$3,683$1,963$349
46 years$19,664$11,418$6,339$3,402$1,783$303
47 years$19,028$10,896$5,956$3,143$1,619$263
48 years$18,419$10,402$5,597$2,904$1,470$228
49 years$17,838$9,933$5,261$2,684$1,335$197
50 years$17,281$9,489$4,946$2,481$1,213$171

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 $5,952 every year, while hoping to spend $28,091 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: 37/38/25 Blend
60$17,700,000$17,700,000$17,700,000$17,700,000
61$19,511,539$18,573,439$18,299,089$20,087,009
62$21,471,828$19,453,649$18,882,220$21,390,165
63$23,631,124$20,376,048$19,483,945$22,793,815
64$26,009,698$21,342,673$20,104,856$24,309,461
65$28,629,884$22,355,661$20,745,565$25,947,221
66$31,516,296$23,417,252$21,406,705$27,718,187
67$34,696,056$24,529,796$22,088,928$29,634,523
68$38,199,052$25,695,754$22,792,905$31,709,570
69$42,058,220$26,917,710$23,519,332$33,957,968
70$46,309,853$28,198,373$24,268,924$36,395,778
71$50,993,946$29,540,581$25,042,421$39,040,631
72$56,154,572$30,947,313$25,840,586$41,911,883
73$61,840,297$32,421,691$26,664,205$45,030,783
74$68,104,643$33,966,989$27,514,091$48,420,669
75$75,006,586$35,586,641$28,391,083$52,107,174
76$82,611,118$37,284,247$29,296,044$56,118,456
77$90,989,859$39,063,582$30,229,869$60,485,453
78$100,221,732$40,928,605$31,193,477$65,242,162
79$110,393,710$42,883,468$32,187,820$70,425,945
80$121,601,635$44,932,524$33,213,878$76,077,870
81$133,951,122$47,080,338$34,272,664$82,243,082
82$147,558,560$49,331,698$35,365,221$88,971,216
83$162,552,207$51,691,625$36,492,629$96,316,846
84$179,073,399$54,165,381$37,655,999$104,339,989
85$197,277,890$56,758,489$38,856,480$113,106,647
86$217,337,318$59,476,739$40,095,255$122,689,420
87$239,440,825$62,326,200$41,373,547$133,168,164
88$263,796,847$65,313,241$42,692,618$144,630,729
89$290,635,073$68,444,538$44,053,769$157,173,769
90$320,208,624$71,727,093$45,458,343$170,903,628
91$352,796,433$75,168,250$46,907,727$185,937,326
92$388,705,884$78,775,710$48,403,351$202,403,632
93$428,275,712$82,557,547$49,946,691$220,444,265
94$471,879,200$86,522,232$51,539,271$240,215,196
95$519,927,704$90,678,647$53,182,662$261,888,099
96$572,874,535$95,036,106$54,878,487$285,651,939
97$631,219,241$99,604,379$56,628,419$311,714,727
98$695,512,319$104,393,709$58,434,186$340,305,455
99$766,360,415$109,414,840$60,297,571$371,676,220
100$844,432,051$114,679,041$62,220,414$406,104,571