Can I retire at age 61 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,347,721
2 years$703,148$690,053$677,361$665,056$653,120$629,188
3 years$464,109$450,957$438,298$426,108$414,366$391,079
4 years$344,613$331,501$318,968$306,987$295,529$273,066
5 years$272,934$259,901$247,533$235,795$224,657$203,081
6 years$225,164$212,229$200,043$188,567$177,763$157,100
7 years$191,055$178,229$166,237$155,032$144,569$124,825
8 years$165,486$152,776$140,982$130,052$119,934$101,104
9 years$145,609$133,019$121,428$110,776$101,002$83,075
10 years$129,717$117,249$105,863$95,490$86,059$69,020
11 years$116,722$104,380$93,200$83,105$74,013$57,844
12 years$105,901$93,686$82,713$72,894$64,138$48,817
13 years$96,753$84,665$73,899$64,354$55,930$41,432
14 years$88,917$76,958$66,398$57,127$49,028$35,329
15 years$82,133$70,302$59,949$50,947$43,168$30,242
16 years$76,202$64,501$54,352$45,617$38,152$25,972
17 years$70,975$59,403$49,458$40,987$33,828$22,365
18 years$66,334$54,891$45,149$36,937$30,078$19,303
19 years$62,186$50,873$41,332$33,376$26,810$16,694
20 years$58,457$47,273$37,932$30,229$23,947$14,461
21 years$55,088$44,033$34,890$27,434$21,430$12,545
22 years$52,030$41,103$32,157$24,944$19,209$10,896
23 years$49,241$38,443$29,691$22,717$17,243$9,474
24 years$46,689$36,019$27,459$20,719$15,498$8,246
25 years$44,344$33,802$25,433$18,922$13,946$7,182
26 years$42,184$31,768$23,588$17,301$12,562$6,260
27 years$40,186$29,898$21,903$15,836$11,326$5,459
28 years$38,335$28,172$20,362$14,509$10,219$4,763
29 years$36,615$26,577$18,949$13,305$9,228$4,158
30 years$35,012$25,100$17,650$12,211$8,338$3,631
31 years$33,515$23,727$16,454$11,215$7,538$3,172
32 years$32,115$22,451$15,352$10,307$6,819$2,772
33 years$30,803$21,261$14,334$9,478$6,171$2,423
34 years$29,570$20,151$13,393$8,721$5,587$2,118
35 years$28,410$19,113$12,522$8,028$5,061$1,853
36 years$27,318$18,141$11,714$7,393$4,585$1,620
37 years$26,286$17,230$10,964$6,812$4,156$1,417
38 years$25,312$16,374$10,267$6,279$3,768$1,240
39 years$24,389$15,570$9,619$5,789$3,417$1,085
40 years$23,515$14,814$9,016$5,340$3,099$949
41 years$22,686$14,102$8,454$4,927$2,811$831
42 years$21,898$13,430$7,930$4,547$2,551$727
43 years$21,149$12,796$7,442$4,197$2,315$636
44 years$20,436$12,197$6,985$3,875$2,102$557
45 years$19,757$11,631$6,559$3,579$1,908$488
46 years$19,109$11,096$6,160$3,306$1,732$427
47 years$18,490$10,589$5,788$3,054$1,573$374
48 years$17,899$10,108$5,439$2,822$1,428$327
49 years$17,334$9,653$5,112$2,608$1,297$286
50 years$16,793$9,221$4,806$2,411$1,178$251

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,200,000, adding $4,048 every year, while hoping to spend $49,922 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: 47/23/30 Blend
60$17,200,000$17,200,000$17,200,000$17,200,000
61$18,958,576$18,046,976$17,780,376$19,686,115
62$20,839,234$18,878,161$18,322,901$21,032,901
63$22,910,046$19,748,401$18,881,929$22,488,862
64$25,190,355$20,659,557$19,457,958$24,068,478
65$27,701,475$21,613,579$20,051,503$25,783,416
66$30,466,893$22,612,512$20,663,097$27,646,501
67$33,512,490$23,658,499$21,293,284$29,671,824
68$36,866,783$24,753,785$21,942,629$31,874,871
69$40,561,200$25,900,725$22,611,711$34,272,668
70$44,630,368$27,101,786$23,301,129$36,883,930
71$49,112,446$28,359,555$24,011,498$39,729,239
72$54,049,485$29,676,742$24,743,452$42,831,222
73$59,487,820$31,056,190$25,497,646$46,214,768
74$65,478,512$32,500,878$26,274,751$49,907,252
75$72,077,827$34,013,928$27,075,462$53,938,783
76$79,347,768$35,598,613$27,900,493$58,342,487
77$87,356,660$37,258,365$28,750,579$63,154,809
78$96,179,795$38,996,780$29,626,479$68,415,849
79$105,900,142$40,817,629$30,528,973$74,169,730
80$116,609,129$42,724,866$31,458,866$80,465,011
81$128,407,508$44,722,633$32,416,987$87,355,133
82$141,406,306$46,815,274$33,404,188$94,898,913
83$155,727,871$49,007,343$34,421,350$103,161,091
84$171,507,025$51,303,615$35,469,377$112,212,931
85$188,892,344$53,709,094$36,549,202$122,132,881
86$208,047,550$56,229,027$37,661,788$133,007,307
87$229,153,065$58,868,914$38,808,123$144,931,288
88$252,407,709$61,634,522$39,989,227$158,009,510
89$278,030,580$64,531,898$41,206,150$172,357,236
90$306,263,118$67,567,380$42,459,975$188,101,384
91$337,371,388$70,747,614$43,751,816$205,381,707
92$371,648,588$74,079,565$45,082,820$224,352,103
93$409,417,820$77,570,540$46,454,171$245,182,048
94$451,035,138$81,228,197$47,867,086$268,058,181
95$496,892,908$85,060,565$49,322,819$293,186,053
96$547,423,515$89,076,062$50,822,664$320,792,044
97$603,103,440$93,283,517$52,367,950$351,125,486
98$664,457,765$97,692,182$53,960,050$384,460,997
99$732,065,119$102,311,762$55,600,374$421,101,053
100$806,563,154$107,152,430$57,290,379$461,378,823