Can I retire at age 61 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,315,917
2 years$678,620$665,981$653,733$641,856$630,337$622,477
3 years$447,919$435,226$423,008$411,244$399,912$392,226
4 years$332,592$319,937$307,842$296,278$285,220$277,768
5 years$263,413$250,835$238,898$227,570$216,820$209,623
6 years$217,309$204,825$193,065$181,989$171,562$164,630
7 years$184,391$172,012$160,438$149,624$139,526$132,862
8 years$159,713$147,446$136,064$125,515$115,750$109,354
9 years$140,529$128,378$117,192$106,911$97,479$91,349
10 years$125,192$113,159$102,171$92,159$83,057$77,191
11 years$112,651$100,739$89,949$80,206$71,431$65,826
12 years$102,207$90,418$79,828$70,351$61,901$56,550
13 years$93,377$81,711$71,321$62,109$53,979$48,878
14 years$85,816$74,273$64,082$55,134$47,318$42,460
15 years$79,268$67,850$57,857$49,170$41,662$37,042
16 years$73,544$62,251$52,456$44,026$36,821$32,432
17 years$68,499$57,331$47,733$39,557$32,648$28,483
18 years$64,020$52,976$43,574$35,649$29,029$25,081
19 years$60,017$49,098$39,890$32,212$25,874$22,135
20 years$56,418$45,624$36,609$29,174$23,111$19,575
21 years$53,167$42,497$33,673$26,477$20,682$17,340
22 years$50,215$39,670$31,035$24,074$18,539$15,384
23 years$47,523$37,102$28,656$21,925$16,641$13,666
24 years$45,060$34,762$26,501$19,996$14,958$12,154
25 years$42,797$32,623$24,546$18,262$13,460$10,821
26 years$40,712$30,660$22,765$16,698$12,124$9,642
27 years$38,785$28,855$21,139$15,284$10,931$8,599
28 years$36,998$27,190$19,652$14,003$9,863$7,674
29 years$35,337$25,650$18,288$12,841$8,906$6,853
30 years$33,790$24,224$17,034$11,785$8,047$6,123
31 years$32,346$22,900$15,880$10,824$7,275$5,473
32 years$30,995$21,668$14,817$9,947$6,581$4,895
33 years$29,728$20,520$13,834$9,147$5,956$4,379
34 years$28,538$19,448$12,926$8,416$5,392$3,920
35 years$27,419$18,446$12,085$7,748$4,884$3,509
36 years$26,365$17,508$11,305$7,135$4,425$3,142
37 years$25,369$16,629$10,582$6,574$4,011$2,815
38 years$24,429$15,803$9,909$6,060$3,636$2,522
39 years$23,538$15,027$9,284$5,587$3,297$2,260
40 years$22,695$14,297$8,702$5,154$2,991$2,026
41 years$21,894$13,610$8,159$4,755$2,713$1,816
42 years$21,134$12,961$7,654$4,388$2,462$1,628
43 years$20,411$12,350$7,182$4,051$2,234$1,460
44 years$19,723$11,772$6,742$3,740$2,028$1,309
45 years$19,067$11,225$6,330$3,454$1,841$1,174
46 years$18,442$10,709$5,945$3,191$1,672$1,053
47 years$17,845$10,219$5,586$2,948$1,518$945
48 years$17,275$9,756$5,249$2,724$1,379$847
49 years$16,729$9,316$4,934$2,517$1,252$760
50 years$16,207$8,899$4,638$2,327$1,137$682

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,600,000, adding $5,808 every year, while hoping to spend $31,287 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: 57/17/26 Blend
60$16,600,000$16,600,000$16,600,000$16,600,000
61$18,299,191$17,419,391$17,162,091$19,212,029
62$20,132,419$18,239,652$17,703,732$20,658,327
63$22,151,588$19,099,057$18,262,469$22,230,123
64$24,375,631$19,999,492$18,838,843$23,942,666
65$26,825,410$20,942,932$19,433,409$25,809,564
66$29,523,916$21,931,449$20,046,742$27,845,781
67$32,496,483$22,967,217$20,679,435$30,067,778
68$35,771,026$24,052,513$21,332,098$32,493,660
69$39,378,310$25,189,726$22,005,363$35,143,346
70$43,352,234$26,381,359$22,699,879$38,038,752
71$47,730,155$27,630,038$23,416,318$41,203,991
72$52,553,237$28,938,517$24,155,371$44,665,598
73$57,866,844$30,309,680$24,917,752$48,452,774
74$63,720,964$31,746,556$25,704,198$52,597,656
75$70,170,682$33,252,318$26,515,469$57,135,615
76$77,276,702$34,830,292$27,352,348$62,105,587
77$85,105,918$36,483,968$28,215,644$67,550,428
78$93,732,044$38,217,005$29,106,190$73,517,320
79$103,236,313$40,033,238$30,024,848$80,058,202
80$113,708,240$41,936,690$30,972,503$87,230,259
81$125,246,471$43,931,579$31,950,073$95,096,452
82$137,959,712$46,022,327$32,958,501$103,726,107
83$151,967,753$48,213,572$33,998,762$113,195,558
84$167,402,603$50,510,176$35,071,859$123,588,862
85$184,409,733$52,917,240$36,178,832$134,998,582
86$203,149,451$55,440,109$37,320,747$147,526,657
87$223,798,413$58,084,392$38,498,710$161,285,347
88$246,551,291$60,855,968$39,713,857$176,398,289
89$271,622,615$63,761,002$40,967,363$193,001,651
90$299,248,791$66,805,961$42,260,439$211,245,409
91$329,690,338$69,997,623$43,594,335$231,294,751
92$363,234,345$73,343,100$44,970,338$253,331,622
93$400,197,183$76,849,845$46,389,778$277,556,434
94$440,927,487$80,525,679$47,854,027$304,189,943
95$485,809,453$84,378,800$49,364,499$333,475,320
96$535,266,461$88,417,806$50,922,654$365,680,433
97$589,765,075$92,651,713$52,529,998$401,100,360
98$649,819,442$97,089,976$54,188,082$440,060,163
99$715,996,152$101,742,512$55,898,510$482,917,938
100$788,919,583$106,619,718$57,662,933$530,068,181