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

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,387,801
2 years$731,765$718,137$704,928$692,122$679,701$640,130
3 years$482,997$469,310$456,135$443,449$431,230$392,897
4 years$358,638$344,993$331,950$319,480$307,557$270,757
5 years$284,042$270,478$257,607$245,392$233,800$198,633
6 years$234,327$220,866$208,184$196,242$184,998$151,498
7 years$198,831$185,483$173,002$161,341$150,453$118,621
8 years$172,221$158,993$146,720$135,345$124,815$94,634
9 years$151,535$138,432$126,370$115,284$105,112$76,553
10 years$134,996$122,021$110,172$99,376$89,561$62,586
11 years$121,473$108,628$96,994$86,487$77,025$51,592
12 years$110,211$97,499$86,079$75,860$66,749$42,809
13 years$100,690$88,110$76,906$66,973$58,206$35,708
14 years$92,536$80,090$69,101$59,452$51,023$29,913
15 years$85,476$73,164$62,388$53,020$44,925$25,146
16 years$79,304$67,126$56,564$47,474$39,705$21,201
17 years$73,864$61,821$51,471$42,655$35,205$17,917
18 years$69,033$57,125$46,987$38,441$31,303$15,172
19 years$64,717$52,943$43,014$34,734$27,901$12,869
20 years$60,836$49,197$39,476$31,459$24,921$10,931
21 years$57,330$45,825$36,310$28,551$22,302$9,296
22 years$54,147$42,776$33,466$25,959$19,990$7,914
23 years$51,245$40,008$30,900$23,642$17,945$6,743
24 years$48,589$37,485$28,577$21,562$16,129$5,749
25 years$46,149$35,177$26,468$19,692$14,514$4,905
26 years$43,900$33,061$24,548$18,005$13,073$4,187
27 years$41,822$31,114$22,795$16,481$11,787$3,575
28 years$39,895$29,319$21,191$15,100$10,635$3,054
29 years$38,105$27,659$19,720$13,847$9,603$2,610
30 years$36,437$26,121$18,368$12,708$8,677$2,231
31 years$34,879$24,693$17,124$11,671$7,845$1,907
32 years$33,422$23,365$15,977$10,726$7,096$1,631
33 years$32,056$22,127$14,918$9,864$6,422$1,395
34 years$30,773$20,971$13,938$9,075$5,815$1,193
35 years$29,567$19,891$13,031$8,354$5,267$1,021
36 years$28,429$18,879$12,191$7,694$4,772$874
37 years$27,356$17,931$11,410$7,089$4,325$748
38 years$26,342$17,041$10,685$6,534$3,921$640
39 years$25,382$16,204$10,011$6,025$3,556$548
40 years$24,472$15,417$9,383$5,557$3,225$469
41 years$23,609$14,675$8,798$5,127$2,926$401
42 years$22,789$13,976$8,253$4,732$2,655$343
43 years$22,010$13,317$7,745$4,368$2,409$294
44 years$21,268$12,694$7,270$4,033$2,187$252
45 years$20,561$12,104$6,826$3,725$1,985$215
46 years$19,886$11,547$6,411$3,441$1,803$184
47 years$19,243$11,020$6,023$3,179$1,637$158
48 years$18,628$10,520$5,660$2,937$1,487$135
49 years$18,039$10,046$5,320$2,714$1,350$116
50 years$17,477$9,596$5,002$2,509$1,226$99

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 $4,146 every year, while hoping to spend $33,022 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: 69/16/15 Blend
60$17,900,000$17,900,000$17,900,000$17,900,000
61$19,730,077$18,781,377$18,503,927$21,022,837
62$21,707,409$19,666,529$19,088,673$22,768,856
63$23,885,323$20,593,947$19,691,902$24,674,164
64$26,284,243$21,565,667$20,314,197$26,757,914
65$28,926,674$22,583,823$20,956,161$29,037,672
66$31,837,419$23,650,655$21,618,417$31,532,769
67$35,043,807$24,768,508$22,301,605$34,264,478
68$38,575,954$25,939,844$23,006,388$37,256,216
69$42,467,047$27,167,242$23,733,448$40,533,755
70$46,753,657$28,453,408$24,483,489$44,125,467
71$51,476,082$29,801,177$25,257,238$48,062,583
72$56,678,732$31,213,524$26,055,444$52,379,485
73$62,410,542$32,693,566$26,878,882$57,114,029
74$68,725,441$34,244,574$27,728,347$62,307,891
75$75,682,853$35,869,976$28,604,664$68,006,960
76$83,348,265$37,573,366$29,508,682$74,261,766
77$91,793,841$39,358,513$30,441,275$81,127,950
78$101,099,103$41,229,370$31,403,348$88,666,781
79$111,351,684$43,190,082$32,395,833$96,945,736
80$122,648,153$45,244,993$33,419,690$106,039,121
81$135,094,927$47,398,661$34,475,913$116,028,773
82$148,809,278$49,655,863$35,565,524$127,004,822
83$163,920,434$52,021,610$36,689,579$139,066,538
84$180,570,805$54,501,156$37,849,167$152,323,257
85$198,917,325$57,100,011$39,045,412$166,895,405
86$219,132,931$59,823,950$40,279,472$182,915,632
87$241,408,199$62,679,033$41,552,543$200,530,049
88$265,953,141$65,671,611$42,865,859$219,899,604
89$292,999,189$68,808,347$44,220,693$241,201,586
90$322,801,376$72,096,227$45,618,356$264,631,297
91$355,640,749$75,542,574$47,060,204$290,403,876
92$391,827,018$79,155,073$48,547,633$318,756,328
93$431,701,479$82,941,777$50,082,084$349,949,744
94$475,640,242$86,911,135$51,665,045$384,271,756
95$524,057,771$91,072,006$53,298,049$422,039,243
96$577,410,810$95,433,680$54,982,679$463,601,306
97$636,202,681$100,005,898$56,720,568$509,342,550
98$700,988,046$104,798,879$58,513,398$559,686,706
99$772,378,137$109,823,335$60,362,908$615,100,611
100$851,046,532$115,090,503$62,270,890$676,098,601