Can I retire at age 61 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,326,943
2 years$690,884$678,017$665,547$653,456$641,728$620,937
3 years$456,014$443,092$430,653$418,676$407,139$386,890
4 years$338,602$325,719$313,405$301,632$290,375$270,824
5 years$268,174$255,368$243,215$231,683$220,738$201,942
6 years$221,236$208,527$196,554$185,278$174,663$156,643
7 years$187,723$175,121$163,337$152,328$142,048$124,811
8 years$162,599$150,111$138,523$127,784$117,842$101,385
9 years$143,069$130,698$119,310$108,843$99,240$83,554
10 years$127,454$115,204$104,017$93,824$84,558$69,630
11 years$114,686$102,560$91,575$81,655$72,722$58,539
12 years$104,054$92,052$81,270$71,622$63,020$49,562
13 years$95,065$83,188$72,610$63,232$54,954$42,204
14 years$87,366$75,616$65,240$56,130$48,173$36,109
15 years$80,700$69,076$58,903$50,058$42,415$31,015
16 years$74,873$63,376$53,404$44,822$37,487$26,729
17 years$69,737$58,367$48,596$40,272$33,238$23,099
18 years$65,177$53,934$44,362$36,293$29,554$20,009
19 years$61,101$49,985$40,611$32,794$26,342$17,368
20 years$57,438$46,449$37,271$29,701$23,529$15,102
21 years$54,127$43,265$34,282$26,956$21,056$13,150
22 years$51,122$40,386$31,596$24,509$18,874$11,466
23 years$48,382$37,773$29,173$22,321$16,942$10,008
24 years$45,874$35,391$26,980$20,358$15,228$8,744
25 years$43,571$33,212$24,989$18,592$13,703$7,646
26 years$41,448$31,214$23,176$17,000$12,343$6,691
27 years$39,485$29,376$21,521$15,560$11,128$5,859
28 years$37,666$27,681$20,007$14,256$10,041$5,133
29 years$35,976$26,114$18,618$13,073$9,067$4,499
30 years$34,401$24,662$17,342$11,998$8,193$3,945
31 years$32,931$23,314$16,167$11,019$7,407$3,461
32 years$31,555$22,059$15,084$10,127$6,700$3,037
33 years$30,265$20,891$14,084$9,313$6,064$2,666
34 years$29,054$19,800$13,160$8,568$5,490$2,340
35 years$27,915$18,780$12,303$7,888$4,972$2,055
36 years$26,841$17,825$11,510$7,264$4,505$1,805
37 years$25,828$16,929$10,773$6,693$4,083$1,586
38 years$24,870$16,089$10,088$6,169$3,702$1,393
39 years$23,964$15,299$9,452$5,688$3,357$1,224
40 years$23,105$14,556$8,859$5,247$3,045$1,076
41 years$22,290$13,856$8,307$4,841$2,762$945
42 years$21,516$13,196$7,792$4,467$2,507$831
43 years$20,780$12,573$7,312$4,124$2,275$730
44 years$20,080$11,984$6,863$3,808$2,065$642
45 years$19,412$11,428$6,445$3,517$1,875$565
46 years$18,775$10,902$6,053$3,248$1,702$496
47 years$18,168$10,404$5,687$3,001$1,545$436
48 years$17,587$9,932$5,344$2,773$1,404$384
49 years$17,032$9,484$5,023$2,563$1,275$337
50 years$16,500$9,060$4,722$2,369$1,158$297

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $16,900,000, adding $2,560 every year, while hoping to spend $57,066 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: 69/25/6 Blend
60$16,900,000$16,900,000$16,900,000$16,900,000
61$18,626,441$17,730,741$17,468,791$19,896,076
62$20,465,620$18,538,829$17,993,277$21,544,358
63$22,490,483$19,384,601$18,533,422$23,339,483
64$24,719,909$20,269,844$19,089,688$25,301,510
65$27,174,701$21,196,428$19,662,554$27,446,778
66$29,877,783$22,166,315$20,252,513$29,793,261
67$32,854,414$23,181,562$20,860,069$32,360,738
68$36,132,429$24,244,323$21,485,746$35,170,971
69$39,742,497$25,356,855$22,130,078$38,247,906
70$43,718,415$26,521,524$22,793,620$41,617,897
71$48,097,426$27,740,812$23,476,939$45,309,948
72$52,920,568$29,017,316$24,180,620$49,355,981
73$58,233,062$30,353,760$24,905,267$53,791,133
74$64,084,740$31,753,001$25,651,500$58,654,085
75$70,530,515$33,218,029$26,419,956$63,987,413
76$77,630,896$34,751,981$27,211,293$69,837,993
77$85,452,563$36,358,144$28,026,187$76,257,430
78$94,068,995$38,039,963$28,865,335$83,302,543
79$103,561,162$39,801,050$29,729,453$91,035,892
80$114,018,289$41,645,190$30,619,278$99,526,360
81$125,538,700$43,576,351$31,535,570$108,849,800
82$138,230,746$45,598,690$32,479,110$119,089,737
83$152,213,824$47,716,568$33,450,702$130,338,152
84$167,619,507$49,934,553$34,451,174$142,696,342
85$184,592,787$52,257,436$35,481,378$156,275,864
86$203,293,437$54,690,237$36,542,190$171,199,578
87$223,897,528$57,238,218$37,634,514$187,602,800
88$246,599,083$59,906,898$38,759,277$205,634,568
89$271,611,913$62,702,060$39,917,436$225,459,035
90$299,171,633$65,629,765$41,109,975$247,257,008
91$329,537,886$68,696,371$42,337,906$271,227,647
92$362,996,796$71,908,538$43,602,271$297,590,325
93$399,863,665$75,273,252$44,904,143$326,586,691
94$440,485,952$78,797,835$46,244,625$358,482,934
95$485,246,552$82,489,962$47,624,854$393,572,285
96$534,567,412$86,357,682$49,045,997$432,177,765
97$588,913,509$90,409,429$50,509,259$474,655,222
98$648,797,245$94,654,049$52,015,877$521,396,674
99$714,783,280$99,100,814$53,567,126$572,833,987
100$787,493,866$103,759,445$55,164,315$629,442,939