Can I retire at age 61 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,313,682
2 years$686,796$674,005$661,609$649,590$637,931$611,869
3 years$453,316$440,470$428,105$416,198$404,730$379,391
4 years$336,599$323,792$311,551$299,847$288,657$264,237
5 years$266,587$253,857$241,776$230,312$219,432$196,001
6 years$219,927$207,293$195,391$184,182$173,629$151,212
7 years$186,612$174,085$162,371$151,426$141,207$119,809
8 years$161,637$149,223$137,703$127,028$117,145$96,761
9 years$142,223$129,925$118,604$108,199$98,653$79,269
10 years$126,700$114,523$103,402$93,269$84,057$65,656
11 years$114,008$101,953$91,033$81,172$72,292$54,852
12 years$103,439$91,507$80,790$71,199$62,647$46,142
13 years$94,503$82,696$72,180$62,858$54,629$39,033
14 years$86,849$75,168$64,854$55,798$47,888$33,171
15 years$80,223$68,668$58,555$49,762$42,164$28,297
16 years$74,430$63,001$53,088$44,557$37,265$24,216
17 years$69,325$58,022$48,308$40,034$33,041$20,778
18 years$64,791$53,615$44,099$36,078$29,379$17,869
19 years$60,740$49,690$40,371$32,600$26,186$15,396
20 years$57,098$46,174$37,050$29,526$23,390$13,287
21 years$53,807$43,009$34,079$26,796$20,931$11,483
22 years$50,820$40,148$31,409$24,364$18,762$9,936
23 years$48,096$37,549$29,001$22,189$16,842$8,606
24 years$45,603$35,181$26,821$20,237$15,138$7,460
25 years$43,313$33,016$24,841$18,482$13,622$6,472
26 years$41,203$31,029$23,039$16,899$12,270$5,618
27 years$39,252$29,202$21,394$15,468$11,062$4,880
28 years$37,444$27,517$19,888$14,172$9,982$4,241
29 years$35,763$25,959$18,508$12,996$9,013$3,687
30 years$34,198$24,516$17,239$11,927$8,144$3,207
31 years$32,736$23,176$16,072$10,954$7,363$2,790
32 years$31,368$21,929$14,995$10,067$6,660$2,428
33 years$30,086$20,767$14,001$9,258$6,028$2,113
34 years$28,882$19,682$13,082$8,518$5,457$1,840
35 years$27,750$18,668$12,231$7,841$4,943$1,602
36 years$26,682$17,719$11,441$7,221$4,479$1,395
37 years$25,675$16,829$10,709$6,654$4,059$1,215
38 years$24,723$15,994$10,028$6,133$3,680$1,059
39 years$23,822$15,208$9,396$5,655$3,337$922
40 years$22,968$14,469$8,807$5,216$3,027$804
41 years$22,158$13,774$8,258$4,812$2,746$700
42 years$21,389$13,117$7,746$4,441$2,492$610
43 years$20,657$12,498$7,269$4,100$2,261$532
44 years$19,961$11,913$6,823$3,785$2,053$464
45 years$19,297$11,361$6,406$3,496$1,863$404
46 years$18,664$10,838$6,017$3,229$1,692$352
47 years$18,060$10,342$5,653$2,983$1,536$307
48 years$17,483$9,873$5,312$2,757$1,395$268
49 years$16,931$9,428$4,993$2,548$1,267$233
50 years$16,403$9,006$4,694$2,355$1,151$203

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,800,000, adding $2,517 every year, while hoping to spend $59,596 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: 37/47/16 Blend
60$16,800,000$16,800,000$16,800,000$16,800,000
61$18,516,196$17,625,796$17,365,396$19,111,210
62$20,341,439$18,426,051$17,883,727$20,340,060
63$22,350,858$19,263,520$18,417,425$21,660,663
64$24,563,178$20,139,965$18,966,941$23,085,832
65$26,999,030$21,057,231$19,532,741$24,624,967
66$29,681,146$22,017,250$20,115,303$26,288,369
67$32,634,577$23,022,049$20,715,120$28,087,332
68$35,886,926$24,073,751$21,332,698$30,034,243
69$39,468,608$25,174,581$21,968,559$32,142,685
70$43,413,139$26,326,869$22,623,240$34,427,563
71$47,757,454$27,533,060$23,297,292$36,905,232
72$52,542,247$28,795,713$23,991,285$39,593,643
73$57,812,366$30,117,513$24,705,803$42,512,501
74$63,617,228$31,501,271$25,441,448$45,683,442
75$70,011,288$32,949,936$26,198,838$49,130,225
76$77,054,552$34,466,596$26,978,613$52,878,946
77$84,813,146$36,054,489$27,781,426$56,958,270
78$93,359,936$37,717,008$28,607,953$61,399,695
79$102,775,218$39,457,709$29,458,887$66,237,828
80$113,147,474$41,280,321$30,334,944$71,510,703
81$124,574,210$43,188,751$31,236,858$77,260,124
82$137,162,872$45,187,092$32,165,386$83,532,047
83$151,031,864$47,279,638$33,121,305$90,376,994
84$166,311,662$49,470,888$34,105,416$97,850,517
85$183,146,047$51,765,558$35,118,544$106,013,702
86$201,693,464$54,168,590$36,161,535$114,933,731
87$222,128,512$56,685,166$37,235,261$124,684,495
88$244,643,598$59,320,717$38,340,620$135,347,271
89$269,450,749$62,080,937$39,478,536$147,011,471
90$296,783,616$64,971,792$40,649,956$159,775,464
91$326,899,674$67,999,540$41,855,859$173,747,479
92$360,082,661$71,170,737$43,097,250$189,046,606
93$396,645,247$74,492,258$44,375,164$205,803,896
94$436,931,994$77,971,310$45,690,663$224,163,567
95$481,322,599$81,615,447$47,044,842$244,284,345
96$530,235,489$85,432,588$48,438,829$266,340,928
97$584,131,759$89,431,035$49,873,780$290,525,611
98$643,519,535$93,619,492$51,350,888$317,050,063
99$708,958,763$98,007,083$52,871,379$346,147,300
100$781,066,501$102,603,374$54,436,513$378,073,845