Can I retire at age 61 with 17,000,000?

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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,308,547
2 years$694,972$682,029$669,485$657,323$645,526$598,603
3 years$458,713$445,714$433,201$421,153$409,548$364,234
4 years$340,606$327,647$315,260$303,417$292,093$248,735
5 years$269,760$256,879$244,654$233,053$222,044$180,755
6 years$222,546$209,761$197,717$186,375$175,696$136,508
7 years$188,834$176,157$164,304$153,229$142,888$105,794
8 years$163,562$150,999$139,343$128,540$118,539$83,510
9 years$143,916$131,472$120,016$109,487$99,827$66,817
10 years$128,208$115,886$104,632$94,379$85,058$54,013
11 years$115,365$103,166$92,117$82,138$73,153$44,010
12 years$104,670$92,597$81,751$72,046$63,393$36,085
13 years$95,628$83,680$73,039$63,606$55,280$29,734
14 years$87,883$76,063$65,626$56,462$48,458$24,600
15 years$81,178$69,485$59,252$50,355$42,666$20,418
16 years$75,316$63,751$53,720$45,087$37,708$16,992
17 years$70,150$58,712$48,883$40,510$33,435$14,172
18 years$65,562$54,253$44,624$36,508$29,729$11,842
19 years$61,463$50,281$40,851$32,988$26,498$9,909
20 years$57,778$46,724$37,491$29,877$23,668$8,302
21 years$54,448$43,521$34,485$27,115$21,180$6,963
22 years$51,425$40,625$31,783$24,654$18,985$5,844
23 years$48,669$37,996$29,346$22,453$17,042$4,909
24 years$46,146$35,600$27,140$20,478$15,318$4,126
25 years$43,829$33,409$25,137$18,702$13,784$3,470
26 years$41,693$31,399$23,313$17,100$12,416$2,919
27 years$39,719$29,550$21,649$15,652$11,194$2,457
28 years$37,889$27,845$20,125$14,341$10,101$2,068
29 years$36,189$26,268$18,728$13,151$9,121$1,742
30 years$34,605$24,808$17,445$12,069$8,241$1,467
31 years$33,126$23,452$16,263$11,085$7,451$1,236
32 years$31,742$22,190$15,174$10,187$6,740$1,041
33 years$30,445$21,014$14,168$9,368$6,099$877
34 years$29,226$19,917$13,238$8,619$5,522$739
35 years$28,080$18,891$12,376$7,934$5,002$623
36 years$27,000$17,930$11,578$7,307$4,532$525
37 years$25,981$17,029$10,836$6,733$4,107$443
38 years$25,017$16,184$10,148$6,206$3,724$373
39 years$24,106$15,389$9,507$5,722$3,377$314
40 years$23,242$14,642$8,911$5,278$3,063$265
41 years$22,422$13,938$8,356$4,869$2,779$223
42 years$21,643$13,274$7,838$4,494$2,521$188
43 years$20,903$12,647$7,355$4,148$2,288$159
44 years$20,198$12,055$6,904$3,830$2,077$134
45 years$19,527$11,496$6,483$3,537$1,886$113
46 years$18,886$10,967$6,089$3,268$1,712$95
47 years$18,275$10,465$5,720$3,019$1,555$80
48 years$17,691$9,991$5,375$2,790$1,412$68
49 years$17,132$9,541$5,053$2,578$1,282$57
50 years$16,598$9,114$4,750$2,383$1,165$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,000,000, adding $2,757 every year, while hoping to spend $41,474 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: 78/10/12 Blend
60$17,000,000$17,000,000$17,000,000$17,000,000
61$18,736,844$17,835,844$17,572,344$20,155,492
62$20,603,874$18,665,672$18,116,889$21,919,056
63$22,659,951$19,534,772$18,678,287$23,847,294
64$24,924,314$20,445,024$19,257,058$25,961,041
65$27,418,163$21,398,399$19,853,738$28,278,794
66$30,164,860$22,396,965$20,468,882$30,820,919
67$33,190,145$23,442,886$21,103,060$33,609,841
68$36,522,387$24,538,434$21,756,859$36,670,253
69$40,192,843$25,685,990$22,430,886$40,029,350
70$44,235,958$26,888,048$23,125,766$43,717,078
71$48,689,690$28,147,227$23,842,143$47,766,418
72$53,595,864$29,466,267$24,580,681$52,213,693
73$59,000,573$30,848,045$25,342,065$57,098,907
74$64,954,607$32,295,575$26,127,000$62,466,123
75$71,513,936$33,812,017$26,936,213$68,363,872
76$78,740,236$35,400,684$27,770,455$74,845,608
77$86,701,473$37,065,051$28,630,498$81,970,214
78$95,472,543$38,808,757$29,517,139$89,802,546
79$105,135,978$40,635,623$30,431,199$98,414,051
80$115,782,729$42,549,649$31,373,526$107,883,429
81$127,513,019$44,555,034$32,344,991$118,297,378
82$140,437,293$46,656,177$33,346,494$129,751,405
83$154,677,259$48,857,691$34,378,963$142,350,724
84$170,367,035$51,164,413$35,443,354$156,211,245
85$187,654,417$53,581,415$36,540,651$171,460,661
86$206,702,276$56,114,013$37,671,872$188,239,653
87$227,690,091$58,767,782$38,838,062$206,703,209
88$250,815,644$61,548,567$40,040,301$227,022,083
89$276,296,891$64,462,498$41,279,702$249,384,401
90$304,374,013$67,516,000$42,557,411$273,997,430
91$335,311,689$70,715,810$43,874,611$301,089,531
92$369,401,592$74,068,995$45,232,521$330,912,307
93$406,965,140$77,582,961$46,632,396$363,742,970
94$448,356,534$81,265,476$48,075,531$399,886,951
95$493,966,100$85,124,684$49,563,261$439,680,781
96$544,223,974$89,169,126$51,096,962$483,495,253
97$599,604,161$93,407,754$52,678,052$531,738,918
98$660,629,011$97,849,960$54,307,992$584,861,935
99$727,874,150$102,505,588$55,988,290$643,360,309
100$801,973,915$107,384,964$57,720,499$707,780,565