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%16.1%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,391,735
2 years$731,765$718,137$704,928$692,122$679,701$644,024
3 years$482,997$469,310$456,135$443,449$431,230$396,628
4 years$358,638$344,993$331,950$319,480$307,557$274,295
5 years$284,042$270,478$257,607$245,392$233,800$201,972
6 years$234,327$220,866$208,184$196,242$184,998$154,635
7 years$198,831$185,483$173,002$161,341$150,453$121,558
8 years$172,221$158,993$146,720$135,345$124,815$97,375
9 years$151,535$138,432$126,370$115,284$105,112$79,105
10 years$134,996$122,021$110,172$99,376$89,561$64,955
11 years$121,473$108,628$96,994$86,487$77,025$53,785
12 years$110,211$97,499$86,079$75,860$66,749$44,834
13 years$100,690$88,110$76,906$66,973$58,206$37,574
14 years$92,536$80,090$69,101$59,452$51,023$31,628
15 years$85,476$73,164$62,388$53,020$44,925$26,719
16 years$79,304$67,126$56,564$47,474$39,705$22,640
17 years$73,864$61,821$51,471$42,655$35,205$19,231
18 years$69,033$57,125$46,987$38,441$31,303$16,369
19 years$64,717$52,943$43,014$34,734$27,901$13,958
20 years$60,836$49,197$39,476$31,459$24,921$11,919
21 years$57,330$45,825$36,310$28,551$22,302$10,191
22 years$54,147$42,776$33,466$25,959$19,990$8,723
23 years$51,245$40,008$30,900$23,642$17,945$7,473
24 years$48,589$37,485$28,577$21,562$16,129$6,407
25 years$46,149$35,177$26,468$19,692$14,514$5,497
26 years$43,900$33,061$24,548$18,005$13,073$4,718
27 years$41,822$31,114$22,795$16,481$11,787$4,052
28 years$39,895$29,319$21,191$15,100$10,635$3,482
29 years$38,105$27,659$19,720$13,847$9,603$2,992
30 years$36,437$26,121$18,368$12,708$8,677$2,573
31 years$34,879$24,693$17,124$11,671$7,845$2,212
32 years$33,422$23,365$15,977$10,726$7,096$1,903
33 years$32,056$22,127$14,918$9,864$6,422$1,637
34 years$30,773$20,971$13,938$9,075$5,815$1,409
35 years$29,567$19,891$13,031$8,354$5,267$1,212
36 years$28,429$18,879$12,191$7,694$4,772$1,043
37 years$27,356$17,931$11,410$7,089$4,325$898
38 years$26,342$17,041$10,685$6,534$3,921$773
39 years$25,382$16,204$10,011$6,025$3,556$666
40 years$24,472$15,417$9,383$5,557$3,225$573
41 years$23,609$14,675$8,798$5,127$2,926$493
42 years$22,789$13,976$8,253$4,732$2,655$425
43 years$22,010$13,317$7,745$4,368$2,409$366
44 years$21,268$12,694$7,270$4,033$2,187$315
45 years$20,561$12,104$6,826$3,725$1,985$271
46 years$19,886$11,547$6,411$3,441$1,803$234
47 years$19,243$11,020$6,023$3,179$1,637$201
48 years$18,628$10,520$5,660$2,937$1,487$173
49 years$18,039$10,046$5,320$2,714$1,350$149
50 years$17,477$9,596$5,002$2,509$1,226$129

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 $5,142 every year, while hoping to spend $30,020 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: 47/48/5 Blend
60$17,900,000$17,900,000$17,900,000$17,900,000
61$19,731,104$18,782,404$18,504,954$20,632,700
62$21,711,736$19,670,801$19,092,929$22,138,981
63$23,893,385$20,601,723$19,699,595$23,769,106
64$26,296,526$21,577,222$20,325,546$25,537,393
65$28,943,716$22,599,450$20,971,396$27,456,644
66$31,859,815$23,670,664$21,637,778$29,540,902
67$35,072,217$24,793,227$22,325,345$31,805,580
68$38,611,110$25,969,622$23,034,770$34,267,598
69$42,509,757$27,202,448$23,766,750$36,945,529
70$46,804,817$28,494,432$24,522,000$39,859,771
71$51,536,683$29,848,434$25,301,262$43,032,724
72$56,749,869$31,267,452$26,105,299$46,488,991
73$62,493,428$32,754,629$26,934,899$50,255,604
74$68,821,415$34,313,264$27,790,875$54,362,261
75$75,793,397$35,946,811$28,674,067$58,841,599
76$83,475,016$37,658,897$29,585,340$63,729,486
77$91,938,606$39,453,322$30,525,588$69,065,348
78$101,263,880$41,334,071$31,495,732$74,892,524
79$111,538,680$43,305,324$32,496,723$81,258,667
80$122,859,805$45,371,464$33,529,542$88,216,169
81$135,333,926$47,537,087$34,595,203$95,822,646
82$149,078,593$49,807,012$35,694,749$104,141,463
83$164,223,346$52,186,291$36,829,260$113,242,314
84$180,910,934$54,680,226$37,999,847$123,201,860
85$199,298,665$57,294,373$39,207,657$134,104,436
86$219,559,892$60,034,560$40,453,876$146,042,824
87$241,885,645$62,906,898$41,739,726$159,119,105
88$266,486,441$65,917,796$43,066,467$173,445,608
89$293,594,264$69,073,975$44,435,400$189,145,937
90$323,464,761$72,382,481$45,847,868$206,356,121
91$356,379,651$75,850,707$47,305,255$225,225,866
92$392,649,387$79,486,403$48,808,993$245,919,945
93$432,616,084$83,297,696$50,360,554$268,619,722
94$476,656,753$87,293,112$51,961,460$293,524,837
95$525,186,856$91,481,588$53,613,283$320,855,056
96$578,664,229$95,872,500$55,317,642$350,852,317
97$637,593,406$100,475,679$57,076,209$383,782,972
98$702,530,380$105,301,434$58,890,709$419,940,275
99$774,087,853$110,360,578$60,762,922$459,647,104
100$852,941,018$115,664,450$62,694,684$503,258,974