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%19.5%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,365,238
2 years$727,677$714,125$700,990$688,256$675,903$621,976
3 years$480,299$466,688$453,587$440,972$428,821$376,823
4 years$356,634$343,065$330,095$317,696$305,839$256,166
5 years$282,455$268,967$256,167$244,021$232,494$185,273
6 years$233,018$219,632$207,021$195,145$183,964$139,229
7 years$197,720$184,447$172,036$160,440$149,612$107,349
8 years$171,259$158,105$145,900$134,589$124,118$84,286
9 years$150,688$137,659$125,664$114,640$104,525$67,067
10 years$134,242$121,339$109,556$98,821$89,061$53,907
11 years$120,794$108,021$96,452$86,004$76,595$43,668
12 years$109,596$96,954$85,598$75,437$66,376$35,589
13 years$100,128$87,618$76,477$66,599$57,881$29,146
14 years$92,019$79,643$68,715$59,119$50,738$23,962
15 years$84,998$72,755$62,040$52,724$44,674$19,762
16 years$78,861$66,751$56,248$47,209$39,483$16,339
17 years$73,451$61,475$51,184$42,417$35,008$13,537
18 years$68,648$56,806$46,724$38,226$31,128$11,235
19 years$64,355$52,647$42,774$34,540$27,745$9,337
20 years$60,497$48,922$39,256$31,283$24,782$7,769
21 years$57,010$45,569$36,108$28,391$22,177$6,471
22 years$53,845$42,537$33,279$25,814$19,879$5,393
23 years$50,959$39,784$30,727$23,510$17,844$4,498
24 years$48,317$37,275$28,417$21,442$16,039$3,754
25 years$45,891$34,981$26,320$19,582$14,433$3,134
26 years$43,655$32,876$24,411$17,905$13,000$2,618
27 years$41,588$30,941$22,667$16,389$11,721$2,187
28 years$39,672$29,155$21,072$15,016$10,576$1,828
29 years$37,892$27,505$19,610$13,770$9,550$1,528
30 years$36,233$25,975$18,266$12,637$8,629$1,277
31 years$34,684$24,555$17,028$11,606$7,801$1,068
32 years$33,235$23,234$15,888$10,666$7,057$893
33 years$31,877$22,003$14,835$9,809$6,386$747
34 years$30,602$20,854$13,861$9,025$5,782$625
35 years$29,401$19,780$12,959$8,308$5,237$523
36 years$28,271$18,774$12,122$7,651$4,745$437
37 years$27,203$17,831$11,346$7,050$4,301$366
38 years$26,195$16,946$10,625$6,498$3,899$306
39 years$25,240$16,114$9,955$5,991$3,536$256
40 years$24,335$15,331$9,331$5,526$3,207$214
41 years$23,477$14,593$8,749$5,099$2,909$179
42 years$22,662$13,898$8,207$4,705$2,640$150
43 years$21,887$13,242$7,701$4,344$2,396$125
44 years$21,149$12,623$7,229$4,011$2,175$105
45 years$20,446$12,037$6,788$3,704$1,974$88
46 years$19,775$11,483$6,375$3,421$1,793$74
47 years$19,135$10,958$5,989$3,161$1,628$62
48 years$18,524$10,461$5,628$2,921$1,478$51
49 years$17,939$9,990$5,290$2,699$1,343$43
50 years$17,379$9,542$4,974$2,495$1,220$36

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 $5,650 every year, while hoping to spend $49,147 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: 31/49/20 Blend
60$17,800,000$17,800,000$17,800,000$17,800,000
61$19,621,428$18,678,028$18,402,128$20,107,122
62$21,570,522$19,540,959$18,966,307$21,336,765
63$23,716,776$20,444,527$19,547,739$22,654,696
64$26,080,248$21,390,671$20,146,950$24,072,396
65$28,683,043$22,381,423$20,764,482$25,598,572
66$31,549,514$23,418,914$21,400,894$27,242,755
67$34,706,501$24,505,377$22,056,760$29,015,382
68$38,183,578$25,643,153$22,732,675$30,927,881
69$42,013,331$26,834,697$23,429,248$32,992,772
70$46,231,674$28,082,579$24,147,110$35,223,776
71$50,878,175$29,389,497$24,886,910$37,635,931
72$55,996,443$30,758,276$25,649,315$40,245,724
73$61,634,528$32,191,879$26,435,014$43,071,237
74$67,845,380$33,693,412$27,244,718$46,132,302
75$74,687,350$35,266,130$28,079,157$49,450,675
76$82,224,735$36,913,446$28,939,084$53,050,235
77$90,528,391$38,638,937$29,825,276$56,957,184
78$99,676,397$40,446,355$30,738,533$61,200,290
79$109,754,794$42,339,631$31,679,678$65,811,138
80$120,858,396$44,322,886$32,649,561$70,824,412
81$133,091,688$46,400,443$33,649,056$76,278,209
82$146,569,805$48,576,830$34,679,065$82,214,377
83$161,419,628$50,856,797$35,740,517$88,678,892
84$177,780,973$53,245,324$36,834,367$95,722,277
85$195,807,917$55,747,629$37,961,603$103,400,054
86$215,670,247$58,369,186$39,123,239$111,773,250
87$237,555,068$61,115,731$40,320,323$120,908,947
88$261,668,564$63,993,281$41,553,933$130,880,899
89$288,237,947$67,008,141$42,825,179$141,770,197
90$317,513,601$70,166,924$44,135,207$153,666,012
91$349,771,447$73,476,562$45,485,195$166,666,411
92$385,315,544$76,944,323$46,876,358$180,879,255
93$424,480,963$80,577,827$48,309,949$196,423,187
94$467,636,946$84,385,066$49,787,257$213,428,720
95$515,190,395$88,374,415$51,309,611$232,039,443
96$567,589,712$92,554,658$52,878,380$252,413,334
97$625,329,032$96,935,005$54,494,975$274,724,228
98$688,952,885$101,525,112$56,160,848$299,163,409
99$759,061,340$106,335,103$57,877,497$325,941,388
100$836,315,668$111,375,595$59,646,465$355,289,844