Can I retire at age 61 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,370,162
2 years$711,325$698,077$685,238$672,789$660,714$643,269
3 years$469,506$456,201$443,394$431,063$419,184$402,173
4 years$348,620$335,356$322,677$310,556$298,966$282,520
5 years$276,108$262,923$250,411$238,537$227,269$211,436
6 years$227,782$214,697$202,369$190,760$179,830$164,629
7 years$193,277$180,302$168,170$156,834$146,250$131,687
8 years$167,410$154,552$142,621$131,564$121,329$107,403
9 years$147,302$134,565$122,840$112,064$102,176$88,881
10 years$131,225$118,613$107,094$96,600$87,059$74,385
11 years$118,079$105,594$94,284$84,071$74,874$62,810
12 years$107,133$94,775$83,675$73,741$64,884$53,417
13 years$97,878$85,649$74,758$65,103$56,580$45,695
14 years$89,951$77,853$67,170$57,791$49,598$39,279
15 years$83,088$71,120$60,646$51,539$43,670$33,900
16 years$77,089$65,251$54,984$46,148$38,596$29,357
17 years$71,800$60,094$50,034$41,463$34,221$25,497
18 years$67,105$55,529$45,674$37,367$30,428$22,198
19 years$62,909$51,464$41,813$33,764$27,121$19,366
20 years$59,137$47,823$38,373$30,580$24,225$16,927
21 years$55,729$44,545$35,296$27,753$21,679$14,817
22 years$52,635$41,581$32,531$25,234$19,432$12,988
23 years$49,814$38,890$30,036$22,981$17,443$11,399
24 years$47,232$36,438$27,779$20,960$15,678$10,014
25 years$44,860$34,195$25,729$19,142$14,108$8,805
26 years$42,674$32,138$23,862$17,502$12,708$7,748
27 years$40,654$30,245$22,158$16,020$11,457$6,822
28 years$38,781$28,500$20,599$14,678$10,338$6,011
29 years$37,040$26,886$19,169$13,460$9,335$5,299
30 years$35,419$25,391$17,855$12,353$8,435$4,673
31 years$33,905$24,003$16,646$11,345$7,626$4,123
32 years$32,489$22,712$15,531$10,427$6,898$3,639
33 years$31,161$21,509$14,501$9,588$6,243$3,213
34 years$29,914$20,385$13,549$8,822$5,652$2,837
35 years$28,741$19,335$12,667$8,121$5,119$2,506
36 years$27,635$18,352$11,850$7,479$4,639$2,214
37 years$26,592$17,430$11,091$6,891$4,204$1,957
38 years$25,606$16,565$10,387$6,352$3,811$1,730
39 years$24,673$15,751$9,731$5,857$3,456$1,529
40 years$23,789$14,986$9,121$5,402$3,135$1,352
41 years$22,950$14,266$8,553$4,984$2,844$1,195
42 years$22,153$13,586$8,023$4,600$2,581$1,057
43 years$21,395$12,945$7,528$4,246$2,342$935
44 years$20,674$12,339$7,066$3,920$2,126$827
45 years$19,986$11,766$6,635$3,621$1,930$731
46 years$19,331$11,225$6,232$3,344$1,752$647
47 years$18,705$10,712$5,855$3,090$1,591$572
48 years$18,107$10,226$5,502$2,855$1,445$506
49 years$17,536$9,765$5,171$2,639$1,312$448
50 years$16,988$9,328$4,862$2,439$1,192$396

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,400,000, adding $3,225 every year, while hoping to spend $21,918 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: 26/47/27 Blend
60$17,400,000$17,400,000$17,400,000$17,400,000
61$19,178,127$18,255,927$17,986,227$19,514,408
62$21,110,975$19,127,146$18,565,445$20,660,934
63$23,240,239$20,040,321$19,163,332$21,888,114
64$25,585,931$20,997,484$19,780,491$23,204,371
65$28,170,101$22,000,766$20,417,542$24,617,248
66$31,017,051$23,052,403$21,075,129$26,134,988
67$34,153,557$24,154,739$21,753,914$27,766,605
68$37,609,130$25,310,231$22,454,580$29,521,955
69$41,416,286$26,521,457$23,177,833$31,411,824
70$45,610,860$27,791,121$23,924,403$33,448,016
71$50,232,338$29,122,056$24,695,041$35,643,451
72$55,324,236$30,517,237$25,490,525$38,012,280
73$60,934,506$31,979,779$26,311,655$40,570,003
74$67,115,991$33,512,953$27,159,260$43,333,603
75$73,926,921$35,120,187$28,034,194$46,321,694
76$81,431,466$36,805,075$28,937,339$49,554,679
77$89,700,341$38,571,389$29,869,606$53,054,934
78$98,811,472$40,423,083$30,831,933$56,846,997
79$108,850,731$42,364,303$31,825,292$60,957,788
80$119,912,750$44,399,399$32,850,684$65,416,844
81$132,101,811$46,532,930$33,909,143$70,256,582
82$145,532,833$48,769,680$35,001,735$75,512,583
83$160,332,452$51,114,665$36,129,564$81,223,913
84$176,640,224$53,573,145$37,293,766$87,433,467
85$194,609,935$56,150,638$38,495,516$94,188,357
86$214,411,057$58,852,928$39,736,024$101,540,331
87$236,230,348$61,686,084$41,016,544$109,546,238
88$260,273,611$64,656,470$42,338,366$118,268,544
89$286,767,642$67,770,760$43,702,823$127,775,894
90$315,962,366$71,035,952$45,111,293$138,143,730
91$348,133,202$74,459,388$46,565,196$149,454,981
92$383,583,658$78,048,767$48,065,999$161,800,815
93$422,648,197$81,812,163$49,615,216$175,281,464
94$465,695,398$85,758,044$51,214,411$190,007,146
95$513,131,432$89,895,291$52,865,197$206,099,065
96$565,403,897$94,233,219$54,569,240$223,690,524
97$623,006,045$98,781,597$56,328,259$242,928,148
98$686,481,436$103,550,670$58,144,031$263,973,223
99$756,429,074$108,551,185$60,018,388$287,003,185
100$833,509,057$113,794,410$61,953,221$312,213,250