Can I retire at age 61 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,262,633
2 years$662,268$649,934$637,980$626,390$615,148$585,909
3 years$437,126$424,739$412,815$401,334$390,275$361,887
4 years$324,577$312,228$300,424$289,139$278,348$251,029
5 years$257,066$244,791$233,141$222,086$211,595$185,424
6 years$212,073$199,890$188,413$177,604$167,428$142,430
7 years$179,948$167,867$156,572$146,018$136,164$112,344
8 years$155,865$143,893$132,785$122,491$112,961$90,311
9 years$137,143$125,285$114,368$104,335$95,130$73,631
10 years$122,175$110,433$99,709$89,938$81,055$60,686
11 years$109,936$98,312$87,782$78,273$69,710$50,443
12 years$99,744$88,239$77,904$68,656$60,409$42,213
13 years$91,127$79,742$69,602$60,613$52,678$35,520
14 years$83,748$72,484$62,538$53,805$46,177$30,022
15 years$77,358$66,215$56,463$47,985$40,658$25,469
16 years$71,772$60,751$51,192$42,965$35,934$21,673
17 years$66,849$55,950$46,583$38,604$31,861$18,489
18 years$62,477$51,700$42,524$34,790$28,330$15,808
19 years$58,570$47,915$38,929$31,436$25,251$13,540
20 years$55,059$44,525$35,727$28,471$22,555$11,615
21 years$51,886$41,473$32,862$25,839$20,184$9,977
22 years$49,005$38,714$30,287$23,494$18,092$8,579
23 years$46,378$36,208$27,965$21,396$16,240$7,384
24 years$43,974$33,925$25,863$19,515$14,597$6,361
25 years$41,766$31,837$23,954$17,822$13,135$5,484
26 years$39,731$29,921$22,216$16,295$11,832$4,730
27 years$37,850$28,159$20,630$14,916$10,667$4,082
28 years$36,106$26,534$19,178$13,666$9,625$3,524
29 years$34,486$25,032$17,847$12,532$8,691$3,044
30 years$32,976$23,640$16,624$11,501$7,853$2,630
31 years$31,567$22,348$15,498$10,563$7,100$2,273
32 years$30,248$21,146$14,460$9,708$6,423$1,965
33 years$29,012$20,025$13,501$8,927$5,812$1,699
34 years$27,851$18,979$12,615$8,214$5,262$1,469
35 years$26,759$18,002$11,794$7,561$4,766$1,271
36 years$25,729$17,086$11,033$6,964$4,319$1,099
37 years$24,758$16,228$10,327$6,416$3,914$951
38 years$23,840$15,422$9,670$5,914$3,549$823
39 years$22,971$14,665$9,060$5,453$3,218$712
40 years$22,148$13,953$8,492$5,029$2,919$616
41 years$21,367$13,282$7,963$4,640$2,648$533
42 years$20,625$12,649$7,469$4,282$2,403$462
43 years$19,919$12,052$7,009$3,953$2,181$399
44 years$19,248$11,488$6,579$3,650$1,979$346
45 years$18,608$10,955$6,178$3,371$1,797$299
46 years$17,998$10,451$5,802$3,114$1,631$259
47 years$17,415$9,973$5,451$2,877$1,481$224
48 years$16,858$9,521$5,122$2,658$1,345$194
49 years$16,326$9,092$4,815$2,457$1,222$168
50 years$15,817$8,685$4,527$2,271$1,110$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,200,000, adding $2,369 every year, while hoping to spend $25,583 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: 44/27/29 Blend
60$16,200,000$16,200,000$16,200,000$16,200,000
61$17,854,844$16,996,244$16,745,144$18,489,908
62$19,648,818$17,801,839$17,278,886$19,749,921
63$21,624,919$18,646,052$17,829,651$21,112,330
64$23,801,699$19,530,747$18,397,982$22,588,777
65$26,199,598$20,457,879$18,984,440$24,189,894
66$28,841,142$21,429,500$19,589,604$25,927,358
67$31,751,152$22,447,759$20,214,070$27,813,993
68$34,956,983$23,514,912$20,858,454$29,863,885
69$38,488,775$24,633,323$21,523,392$32,092,510
70$42,379,744$25,805,470$22,209,540$34,516,872
71$46,666,494$27,033,954$22,917,575$37,155,658
72$51,389,359$28,321,500$23,648,196$40,029,407
73$56,592,786$29,670,966$24,402,124$43,160,697
74$62,325,757$31,085,350$25,180,102$46,574,350
75$68,642,247$32,567,796$25,982,898$50,297,657
76$75,601,736$34,121,597$26,811,305$54,360,630
77$83,269,770$35,750,212$27,666,140$58,796,275
78$91,718,577$37,457,263$28,548,246$63,640,894
79$101,027,754$39,246,551$29,458,495$68,934,419
80$111,285,015$41,122,062$30,397,784$74,720,778
81$122,587,017$43,087,974$31,367,041$81,048,301
82$135,040,279$45,148,670$32,367,222$87,970,163
83$148,762,178$47,308,746$33,399,315$95,544,878
84$163,882,067$49,573,021$34,464,339$103,836,835
85$180,542,488$51,946,549$35,563,345$112,916,898
86$198,900,522$54,434,631$36,697,417$122,863,058
87$219,129,271$57,042,823$37,867,676$133,761,159
88$241,419,490$59,776,955$39,075,277$145,705,691
89$265,981,392$62,643,139$40,321,412$158,800,671
90$293,046,626$65,647,785$41,607,312$173,160,605
91$322,870,471$68,797,616$42,934,246$188,911,558
92$355,734,240$72,099,680$44,303,524$206,192,323
93$391,947,940$75,561,372$45,716,499$225,155,714
94$431,853,194$79,190,444$47,174,567$245,969,992
95$475,826,471$82,995,027$48,679,166$268,820,435
96$524,282,637$86,983,648$50,231,783$293,911,062
97$577,678,870$91,165,251$51,833,952$321,466,544
98$636,518,980$95,549,214$53,487,255$351,734,298
99$701,358,162$100,145,372$55,193,325$384,986,803
100$772,808,240$104,964,040$56,953,846$421,524,146