Can I retire at age 61 with 16,300,000?

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 $16,300,000?

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 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,267,848
2 years$666,356$653,946$641,918$630,257$618,945$586,967
3 years$439,824$427,361$415,363$403,811$392,684$361,664
4 years$326,581$314,155$302,278$290,923$280,066$250,242
5 years$258,653$246,302$234,580$223,457$212,901$184,357
6 years$213,382$201,124$189,576$178,700$168,462$141,225
7 years$181,058$168,903$157,538$146,919$137,004$111,080
8 years$156,827$144,781$133,605$123,247$113,658$89,034
9 years$137,990$126,058$115,074$104,979$95,717$72,372
10 years$122,929$111,114$100,324$90,493$81,556$59,463
11 years$110,615$98,918$88,324$78,756$70,140$49,270
12 years$100,360$88,784$78,385$69,080$60,782$41,097
13 years$91,690$80,235$70,032$60,987$53,003$34,465
14 years$84,265$72,931$62,924$54,137$46,462$29,031
15 years$77,835$66,624$56,812$48,281$40,909$24,542
16 years$72,215$61,126$51,508$43,230$36,156$20,810
17 years$67,261$56,295$46,870$38,842$32,058$17,689
18 years$62,863$52,019$42,787$35,005$28,505$15,068
19 years$58,932$48,211$39,169$31,630$25,407$12,858
20 years$55,399$44,800$35,948$28,647$22,694$10,988
21 years$52,206$41,729$33,065$25,999$20,308$9,403
22 years$49,307$38,953$30,474$23,639$18,204$8,054
23 years$46,665$36,432$28,138$21,528$16,341$6,905
24 years$44,246$34,134$26,023$19,635$14,687$5,925
25 years$42,024$32,033$24,102$17,932$13,216$5,087
26 years$39,976$30,106$22,353$16,396$11,905$4,371
27 years$38,084$28,333$20,757$15,008$10,733$3,757
28 years$36,329$26,698$19,296$13,750$9,685$3,230
29 years$34,699$25,187$17,957$12,609$8,745$2,779
30 years$33,180$23,786$16,726$11,572$7,902$2,391
31 years$31,762$22,486$15,593$10,628$7,144$2,058
32 years$30,435$21,276$14,549$9,768$6,462$1,771
33 years$29,191$20,149$13,584$8,982$5,848$1,525
34 years$28,023$19,097$12,692$8,264$5,295$1,313
35 years$26,924$18,113$11,867$7,608$4,796$1,131
36 years$25,888$17,192$11,101$7,007$4,345$974
37 years$24,911$16,328$10,390$6,456$3,938$840
38 years$23,987$15,518$9,730$5,950$3,570$723
39 years$23,113$14,756$9,116$5,486$3,238$623
40 years$22,285$14,039$8,544$5,060$2,937$537
41 years$21,499$13,364$8,012$4,669$2,664$463
42 years$20,752$12,727$7,515$4,309$2,418$399
43 years$20,042$12,126$7,052$3,978$2,194$344
44 years$19,367$11,559$6,620$3,673$1,992$296
45 years$18,723$11,023$6,216$3,392$1,808$255
46 years$18,109$10,515$5,838$3,133$1,642$220
47 years$17,523$10,035$5,485$2,895$1,491$190
48 years$16,963$9,579$5,154$2,675$1,354$164
49 years$16,427$9,148$4,845$2,472$1,229$141
50 years$15,914$8,738$4,555$2,285$1,117$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,300,000, adding $6,422 every year, while hoping to spend $39,347 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: 36/42/22 Blend
60$16,300,000$16,300,000$16,300,000$16,300,000
61$17,969,224$17,105,324$16,852,674$18,496,379
62$19,760,220$17,901,620$17,375,374$19,679,717
63$21,732,579$18,735,616$17,914,265$20,952,246
64$23,904,758$19,609,117$18,469,849$22,325,251
65$26,297,096$20,524,017$19,042,642$23,807,752
66$28,932,006$21,482,299$19,633,176$25,409,637
67$31,834,183$22,486,045$20,242,000$27,141,744
68$35,030,843$23,537,434$20,869,680$29,015,959
69$38,551,973$24,638,752$21,516,799$31,045,318
70$42,430,620$25,792,397$22,183,957$33,244,126
71$46,703,199$27,000,880$22,871,775$35,628,075
72$51,409,837$28,266,835$23,580,892$38,214,392
73$56,594,755$29,593,024$24,311,966$41,021,986
74$62,306,679$30,982,342$25,065,676$44,071,617
75$68,599,306$32,437,822$25,842,722$47,386,084
76$75,531,807$33,962,648$26,643,826$50,990,428
77$83,169,388$35,560,154$27,469,730$54,912,156
78$91,583,902$37,233,838$28,321,203$59,181,489
79$100,854,531$38,987,366$29,199,033$63,831,635
80$111,068,529$40,824,584$30,104,037$68,899,088
81$122,322,051$42,749,520$31,037,054$74,423,963
82$134,721,054$44,766,401$31,998,950$80,450,353
83$148,382,304$46,879,656$32,990,617$87,026,736
84$163,434,472$49,093,932$34,012,975$94,206,415
85$180,019,351$51,414,099$35,066,973$102,048,004
86$198,293,198$53,845,262$36,153,589$110,615,964
87$218,428,200$56,392,776$37,273,831$119,981,195
88$240,614,110$59,062,255$38,428,737$130,221,684
89$265,060,028$61,859,585$39,619,379$141,423,224
90$291,996,384$64,790,937$40,846,861$153,680,199
91$321,677,105$67,862,783$42,112,321$167,096,460
92$354,382,018$71,081,908$43,416,932$181,786,274
93$390,419,488$74,455,426$44,761,904$197,875,386
94$430,129,331$77,990,797$46,148,483$215,502,178
95$473,886,021$81,695,844$47,577,955$234,818,951
96$522,102,222$85,578,768$49,051,644$255,993,331
97$575,232,691$89,648,170$50,570,916$279,209,830
98$633,778,564$93,913,068$52,137,180$304,671,551
99$698,292,087$98,382,918$53,751,885$332,602,079
100$769,381,836$103,067,637$55,416,529$363,247,556