Can I retire at age 61 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,381,336
2 years$719,501$706,101$693,114$680,522$668,309$646,088
3 years$474,902$461,445$448,491$436,017$424,003$402,365
4 years$352,627$339,211$326,386$314,126$302,402$281,514
5 years$279,281$265,945$253,289$241,279$229,881$209,804
6 years$230,400$217,164$204,695$192,953$181,897$162,653
7 years$195,499$182,374$170,103$158,637$147,931$129,527
8 years$169,334$156,328$144,261$133,077$122,723$105,155
9 years$148,995$136,112$124,252$113,352$103,351$86,610
10 years$132,733$119,976$108,325$97,710$88,060$72,133
11 years$119,437$106,808$95,368$85,037$75,735$60,604
12 years$108,364$95,865$84,637$74,589$65,630$51,278
13 years$99,003$86,634$75,617$65,851$57,231$43,637
14 years$90,985$78,748$67,942$58,455$50,168$37,309
15 years$84,043$71,937$61,343$52,132$44,172$32,025
16 years$77,975$66,001$55,616$46,678$39,039$27,579
17 years$72,626$60,785$50,609$41,940$34,615$23,817
18 years$67,876$56,168$46,199$37,796$30,778$20,617
19 years$63,632$52,056$42,293$34,152$27,433$17,882
20 years$59,817$48,373$38,815$30,932$24,504$15,537
21 years$56,369$45,057$35,702$28,072$21,928$13,519
22 years$53,240$42,059$32,905$25,524$19,655$11,778
23 years$50,386$39,337$30,382$23,245$17,644$10,273
24 years$47,775$36,856$28,098$21,201$15,859$8,969
25 years$45,376$34,588$26,024$19,362$14,270$7,836
26 years$43,165$32,507$24,136$17,704$12,854$6,852
27 years$41,121$30,593$22,413$16,205$11,589$5,995
28 years$39,227$28,828$20,835$14,847$10,457$5,248
29 years$37,466$27,196$19,389$13,615$9,443$4,596
30 years$35,826$25,683$18,060$12,495$8,532$4,027
31 years$34,295$24,279$16,837$11,476$7,714$3,530
32 years$32,862$22,973$15,709$10,547$6,978$3,095
33 years$31,519$21,756$14,668$9,698$6,315$2,714
34 years$30,258$20,620$13,705$8,923$5,717$2,381
35 years$29,071$19,557$12,813$8,214$5,178$2,089
36 years$27,953$18,563$11,986$7,565$4,692$1,833
37 years$26,898$17,630$11,219$6,970$4,252$1,609
38 years$25,900$16,755$10,506$6,425$3,855$1,412
39 years$24,956$15,933$9,843$5,924$3,496$1,240
40 years$24,062$15,159$9,226$5,464$3,171$1,089
41 years$23,213$14,429$8,651$5,041$2,877$956
42 years$22,407$13,742$8,115$4,652$2,610$840
43 years$21,641$13,093$7,615$4,295$2,369$737
44 years$20,911$12,481$7,148$3,966$2,150$648
45 years$20,216$11,902$6,711$3,662$1,952$569
46 years$19,553$11,354$6,304$3,383$1,772$500
47 years$18,920$10,835$5,922$3,125$1,610$439
48 years$18,315$10,343$5,565$2,888$1,462$386
49 years$17,737$9,877$5,231$2,669$1,328$339
50 years$17,184$9,435$4,918$2,467$1,206$298

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,600,000, adding $2,806 every year, while hoping to spend $39,912 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: 54/26/20 Blend
60$17,600,000$17,600,000$17,600,000$17,600,000
61$19,398,094$18,465,294$18,192,494$20,339,815
62$21,334,234$19,327,628$18,759,477$21,847,742
63$23,466,522$20,230,878$19,344,116$23,483,921
64$25,814,924$21,177,007$19,946,960$25,264,165
65$28,401,439$22,168,074$20,568,576$27,202,247
66$31,250,311$23,206,234$21,209,549$29,313,300
67$34,388,253$24,293,751$21,870,479$31,613,963
68$37,844,704$25,432,993$22,551,989$34,122,529
69$41,652,101$26,626,447$23,254,718$36,859,111
70$45,846,191$27,876,718$23,979,326$39,845,830
71$50,466,363$29,186,538$24,726,495$43,107,010
72$55,556,025$30,558,771$25,496,925$46,669,408
73$61,163,008$31,996,420$26,291,340$50,562,457
74$67,340,021$33,502,631$27,110,487$54,818,537
75$74,145,150$35,080,706$27,955,134$59,473,270
76$81,642,399$36,734,105$28,826,076$64,565,854
77$89,902,303$38,466,455$29,724,128$70,139,420
78$99,002,587$40,281,561$30,650,136$76,241,433
79$109,028,903$42,183,409$31,604,967$82,924,131
80$120,075,637$44,176,182$32,589,519$90,245,006
81$132,246,799$46,264,263$33,604,716$98,267,340
82$145,657,009$48,452,248$34,651,511$107,060,791
83$160,432,574$50,744,957$35,730,885$116,702,039
84$176,712,679$53,147,443$36,843,853$127,275,500
85$194,650,710$55,665,005$37,991,459$138,874,111
86$214,415,689$58,303,197$39,174,780$151,600,191
87$236,193,880$61,067,845$40,394,926$165,566,401
88$260,190,543$63,965,056$41,653,043$180,896,789
89$286,631,869$67,001,234$42,950,310$197,727,949
90$315,767,119$70,183,095$44,287,946$216,210,294
91$347,870,978$73,517,679$45,667,204$236,509,463
92$383,246,141$77,012,369$47,089,380$258,807,866
93$422,226,180$80,674,907$48,555,806$283,306,391
94$465,178,684$84,513,411$50,067,859$310,226,283
95$512,508,734$88,536,393$51,626,957$339,811,212
96$564,662,727$92,752,778$53,234,562$372,329,556
97$622,132,588$97,171,927$54,892,183$408,076,916
98$685,460,414$101,803,653$56,601,372$447,378,880
99$755,243,592$106,658,248$58,363,735$490,594,081
100$832,140,440$111,746,504$60,180,922$538,117,555