Can I retire at age 61 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,393,018
2 years$727,677$714,125$700,990$688,256$675,903$649,426
3 years$480,299$466,688$453,587$440,972$428,821$403,070
4 years$356,634$343,065$330,095$317,696$305,839$281,012
5 years$282,455$268,967$256,167$244,021$232,494$208,663
6 years$233,018$219,632$207,021$195,145$183,964$161,155
7 years$197,720$184,447$172,036$160,440$149,612$127,831
8 years$171,259$158,105$145,900$134,589$124,118$103,359
9 years$150,688$137,659$125,664$114,640$104,525$84,777
10 years$134,242$121,339$109,556$98,821$89,061$70,304
11 years$120,794$108,021$96,452$86,004$76,595$58,809
12 years$109,596$96,954$85,598$75,437$66,376$49,535
13 years$100,128$87,618$76,477$66,599$57,881$41,959
14 years$92,019$79,643$68,715$59,119$50,738$35,706
15 years$84,998$72,755$62,040$52,724$44,674$30,501
16 years$78,861$66,751$56,248$47,209$39,483$26,139
17 years$73,451$61,475$51,184$42,417$35,008$22,461
18 years$68,648$56,806$46,724$38,226$31,128$19,344
19 years$64,355$52,647$42,774$34,540$27,745$16,692
20 years$60,497$48,922$39,256$31,283$24,782$14,427
21 years$57,010$45,569$36,108$28,391$22,177$12,487
22 years$53,845$42,537$33,279$25,814$19,879$10,821
23 years$50,959$39,784$30,727$23,510$17,844$9,387
24 years$48,317$37,275$28,417$21,442$16,039$8,150
25 years$45,891$34,981$26,320$19,582$14,433$7,082
26 years$43,655$32,876$24,411$17,905$13,000$6,158
27 years$41,588$30,941$22,667$16,389$11,721$5,357
28 years$39,672$29,155$21,072$15,016$10,576$4,663
29 years$37,892$27,505$19,610$13,770$9,550$4,061
30 years$36,233$25,975$18,266$12,637$8,629$3,538
31 years$34,684$24,555$17,028$11,606$7,801$3,083
32 years$33,235$23,234$15,888$10,666$7,057$2,687
33 years$31,877$22,003$14,835$9,809$6,386$2,343
34 years$30,602$20,854$13,861$9,025$5,782$2,043
35 years$29,401$19,780$12,959$8,308$5,237$1,782
36 years$28,271$18,774$12,122$7,651$4,745$1,555
37 years$27,203$17,831$11,346$7,050$4,301$1,357
38 years$26,195$16,946$10,625$6,498$3,899$1,184
39 years$25,240$16,114$9,955$5,991$3,536$1,033
40 years$24,335$15,331$9,331$5,526$3,207$902
41 years$23,477$14,593$8,749$5,099$2,909$787
42 years$22,662$13,898$8,207$4,705$2,640$687
43 years$21,887$13,242$7,701$4,344$2,396$600
44 years$21,149$12,623$7,229$4,011$2,175$524
45 years$20,446$12,037$6,788$3,704$1,974$457
46 years$19,775$11,483$6,375$3,421$1,793$399
47 years$19,135$10,958$5,989$3,161$1,628$349
48 years$18,524$10,461$5,628$2,921$1,478$304
49 years$17,939$9,990$5,290$2,699$1,343$266
50 years$17,379$9,542$4,974$2,495$1,220$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,800,000, adding $4,367 every year, while hoping to spend $47,271 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: 42/32/26 Blend
60$17,800,000$17,800,000$17,800,000$17,800,000
61$19,620,105$18,676,705$18,400,805$20,294,543
62$21,571,059$19,541,567$18,966,936$21,643,649
63$23,719,427$20,447,224$19,550,448$23,098,912
64$26,085,294$21,395,623$20,151,873$24,674,008
65$28,690,794$22,388,808$20,771,761$26,380,013
66$31,560,316$23,428,921$21,410,675$28,229,087
67$34,720,735$24,518,205$22,069,200$30,234,580
68$38,201,668$25,659,015$22,747,936$32,411,149
69$42,035,747$26,853,815$23,447,501$34,774,893
70$46,258,933$28,105,193$24,168,533$37,343,496
71$50,910,854$29,415,857$24,911,688$40,136,385
72$56,035,177$30,788,650$25,677,646$43,174,906
73$61,680,020$32,226,549$26,467,102$46,482,520
74$67,898,409$33,732,676$27,280,776$50,085,008
75$74,748,775$35,310,306$28,119,410$54,010,714
76$82,295,507$36,962,868$28,983,768$58,290,796
77$90,609,560$38,693,959$29,874,635$62,959,514
78$99,769,123$40,507,352$30,792,824$68,054,542
79$109,860,360$42,406,998$31,739,169$73,617,311
80$120,978,219$44,397,043$32,714,534$79,693,390
81$133,227,330$46,481,831$33,719,804$86,332,902
82$146,722,995$48,665,918$34,755,894$93,590,990
83$161,592,271$50,954,079$35,823,748$101,528,317
84$177,975,175$53,351,321$36,924,336$110,211,630
85$196,026,001$55,862,894$38,058,659$119,714,373
86$215,914,778$58,494,300$39,227,748$130,117,369
87$237,828,875$61,251,311$40,432,668$141,509,561
88$261,974,770$64,139,974$41,674,511$153,988,840
89$288,579,997$67,166,634$42,954,409$167,662,953
90$317,895,298$70,337,940$44,273,522$182,650,495
91$350,196,983$73,660,864$45,633,050$199,082,019
92$385,789,546$77,142,717$47,034,228$217,101,242
93$425,008,533$80,791,164$48,478,328$236,866,383
94$468,223,713$84,614,240$49,966,662$258,551,636
95$515,842,567$88,620,374$51,500,580$282,348,792
96$568,314,136$92,818,398$53,081,476$308,469,024
97$626,133,257$97,217,579$54,710,785$337,144,860
98$689,845,237$101,827,628$56,389,984$368,632,347
99$760,051,000$106,658,731$58,120,597$403,213,446
100$837,412,760$111,721,566$59,904,195$441,198,662