Can I retire at age 61 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,411,877
2 years$731,765$718,137$704,928$692,122$679,701$664,100
3 years$482,997$469,310$456,135$443,449$431,230$416,007
4 years$358,638$344,993$331,950$319,480$307,557$292,829
5 years$284,042$270,478$257,607$245,392$233,800$219,610
6 years$234,327$220,866$208,184$196,242$184,998$171,364
7 years$198,831$185,483$173,002$161,341$150,453$137,380
8 years$172,221$158,993$146,720$135,345$124,815$112,302
9 years$151,535$138,432$126,370$115,284$105,112$93,155
10 years$134,996$122,021$110,172$99,376$89,561$78,152
11 years$121,473$108,628$96,994$86,487$77,025$66,154
12 years$110,211$97,499$86,079$75,860$66,749$56,404
13 years$100,690$88,110$76,906$66,973$58,206$48,376
14 years$92,536$80,090$69,101$59,452$51,023$41,694
15 years$85,476$73,164$62,388$53,020$44,925$36,082
16 years$79,304$67,126$56,564$47,474$39,705$31,334
17 years$73,864$61,821$51,471$42,655$35,205$27,289
18 years$69,033$57,125$46,987$38,441$31,303$23,827
19 years$64,717$52,943$43,014$34,734$27,901$20,848
20 years$60,836$49,197$39,476$31,459$24,921$18,276
21 years$57,330$45,825$36,310$28,551$22,302$16,046
22 years$54,147$42,776$33,466$25,959$19,990$14,108
23 years$51,245$40,008$30,900$23,642$17,945$12,419
24 years$48,589$37,485$28,577$21,562$16,129$10,944
25 years$46,149$35,177$26,468$19,692$14,514$9,653
26 years$43,900$33,061$24,548$18,005$13,073$8,521
27 years$41,822$31,114$22,795$16,481$11,787$7,527
28 years$39,895$29,319$21,191$15,100$10,635$6,653
29 years$38,105$27,659$19,720$13,847$9,603$5,884
30 years$36,437$26,121$18,368$12,708$8,677$5,206
31 years$34,879$24,693$17,124$11,671$7,845$4,609
32 years$33,422$23,365$15,977$10,726$7,096$4,081
33 years$32,056$22,127$14,918$9,864$6,422$3,615
34 years$30,773$20,971$13,938$9,075$5,815$3,203
35 years$29,567$19,891$13,031$8,354$5,267$2,839
36 years$28,429$18,879$12,191$7,694$4,772$2,517
37 years$27,356$17,931$11,410$7,089$4,325$2,232
38 years$26,342$17,041$10,685$6,534$3,921$1,979
39 years$25,382$16,204$10,011$6,025$3,556$1,756
40 years$24,472$15,417$9,383$5,557$3,225$1,557
41 years$23,609$14,675$8,798$5,127$2,926$1,382
42 years$22,789$13,976$8,253$4,732$2,655$1,226
43 years$22,010$13,317$7,745$4,368$2,409$1,088
44 years$21,268$12,694$7,270$4,033$2,187$966
45 years$20,561$12,104$6,826$3,725$1,985$857
46 years$19,886$11,547$6,411$3,441$1,803$761
47 years$19,243$11,020$6,023$3,179$1,637$675
48 years$18,628$10,520$5,660$2,937$1,487$599
49 years$18,039$10,046$5,320$2,714$1,350$532
50 years$17,477$9,596$5,002$2,509$1,226$472

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,900,000, adding $2,969 every year, while hoping to spend $54,377 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: 34/49/17 Blend
60$17,900,000$17,900,000$17,900,000$17,900,000
61$19,728,863$18,780,163$18,502,713$20,295,838
62$21,683,350$19,642,534$19,064,697$21,574,073
63$23,835,372$20,545,339$19,643,685$22,946,287
64$26,205,021$21,490,501$20,240,189$24,424,893
65$28,814,435$22,480,038$20,854,737$26,019,318
66$31,688,009$23,516,061$21,487,873$27,739,883
67$34,852,624$24,600,786$22,140,155$29,597,896
68$38,337,902$25,736,535$22,812,160$31,605,751
69$42,176,483$26,925,740$23,504,483$33,777,033
70$46,404,335$28,170,952$24,217,733$36,126,636
71$51,061,092$29,474,844$24,952,542$38,670,896
72$56,190,429$30,840,217$25,709,558$41,427,730
73$61,840,474$32,270,008$26,489,449$44,416,799
74$68,064,259$33,767,295$27,292,902$47,659,675
75$74,920,226$35,335,306$28,120,627$51,180,039
76$82,472,775$36,977,421$28,973,354$55,003,887
77$90,792,870$38,697,186$29,851,833$59,159,763
78$99,958,712$40,498,318$30,756,839$63,679,012
79$110,056,477$42,384,712$31,689,170$68,596,067
80$121,181,126$44,360,452$32,649,645$73,948,750
81$133,437,305$46,429,818$33,639,112$79,778,619
82$146,940,328$48,597,297$34,658,441$86,131,340
83$161,817,271$50,867,594$35,708,528$93,057,102
84$178,208,167$53,245,640$36,790,298$100,611,069
85$196,267,328$55,736,605$37,904,701$108,853,883
86$216,164,805$58,345,907$39,052,717$117,852,218
87$238,087,987$61,079,229$40,235,356$127,679,381
88$262,243,377$63,942,527$41,453,656$138,415,990
89$288,858,535$66,942,044$42,708,686$150,150,705
90$318,184,229$70,084,327$44,001,550$162,981,041
91$350,496,800$73,376,239$45,333,382$177,014,267
92$386,100,773$76,824,975$46,705,350$192,368,385
93$425,331,731$80,438,077$48,118,658$209,173,219
94$468,559,480$84,223,455$49,574,545$227,571,613
95$516,191,542$88,189,400$51,074,288$247,720,743
96$568,677,003$92,344,604$52,619,200$269,793,572
97$626,510,749$96,698,182$54,210,636$293,980,447
98$690,238,142$101,259,689$55,849,988$320,490,860
99$760,460,162$106,039,144$57,538,693$349,555,390
100$837,839,087$111,047,050$59,278,227$381,427,837