Can I retire at age 61 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,417,188
2 years$731,765$718,137$704,928$692,122$679,701$669,432
3 years$482,997$469,310$456,135$443,449$431,230$421,194
4 years$358,638$344,993$331,950$319,480$307,557$297,831
5 years$284,042$270,478$257,607$245,392$233,800$224,413
6 years$234,327$220,866$208,184$196,242$184,998$175,962
7 years$198,831$185,483$173,002$161,341$150,453$141,772
8 years$172,221$158,993$146,720$135,345$124,815$116,489
9 years$151,535$138,432$126,370$115,284$105,112$97,139
10 years$134,996$122,021$110,172$99,376$89,561$81,937
11 years$121,473$108,628$96,994$86,487$77,025$69,744
12 years$110,211$97,499$86,079$75,860$66,749$59,804
13 years$100,690$88,110$76,906$66,973$58,206$51,591
14 years$92,536$80,090$69,101$59,452$51,023$44,729
15 years$85,476$73,164$62,388$53,020$44,925$38,944
16 years$79,304$67,126$56,564$47,474$39,705$34,027
17 years$73,864$61,821$51,471$42,655$35,205$29,822
18 years$69,033$57,125$46,987$38,441$31,303$26,205
19 years$64,717$52,943$43,014$34,734$27,901$23,078
20 years$60,836$49,197$39,476$31,459$24,921$20,364
21 years$57,330$45,825$36,310$28,551$22,302$17,999
22 years$54,147$42,776$33,466$25,959$19,990$15,933
23 years$51,245$40,008$30,900$23,642$17,945$14,122
24 years$48,589$37,485$28,577$21,562$16,129$12,531
25 years$46,149$35,177$26,468$19,692$14,514$11,130
26 years$43,900$33,061$24,548$18,005$13,073$9,895
27 years$41,822$31,114$22,795$16,481$11,787$8,803
28 years$39,895$29,319$21,191$15,100$10,635$7,838
29 years$38,105$27,659$19,720$13,847$9,603$6,982
30 years$36,437$26,121$18,368$12,708$8,677$6,223
31 years$34,879$24,693$17,124$11,671$7,845$5,550
32 years$33,422$23,365$15,977$10,726$7,096$4,951
33 years$32,056$22,127$14,918$9,864$6,422$4,419
34 years$30,773$20,971$13,938$9,075$5,815$3,945
35 years$29,567$19,891$13,031$8,354$5,267$3,523
36 years$28,429$18,879$12,191$7,694$4,772$3,147
37 years$27,356$17,931$11,410$7,089$4,325$2,812
38 years$26,342$17,041$10,685$6,534$3,921$2,513
39 years$25,382$16,204$10,011$6,025$3,556$2,246
40 years$24,472$15,417$9,383$5,557$3,225$2,008
41 years$23,609$14,675$8,798$5,127$2,926$1,795
42 years$22,789$13,976$8,253$4,732$2,655$1,605
43 years$22,010$13,317$7,745$4,368$2,409$1,436
44 years$21,268$12,694$7,270$4,033$2,187$1,284
45 years$20,561$12,104$6,826$3,725$1,985$1,149
46 years$19,886$11,547$6,411$3,441$1,803$1,028
47 years$19,243$11,020$6,023$3,179$1,637$919
48 years$18,628$10,520$5,660$2,937$1,487$823
49 years$18,039$10,046$5,320$2,714$1,350$736
50 years$17,477$9,596$5,002$2,509$1,226$659

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $17,900,000, adding $3,226 every year, while hoping to spend $27,121 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: 49/34/17 Blend
60$17,900,000$17,900,000$17,900,000$17,900,000
61$19,729,128$18,780,428$18,502,978$20,602,202
62$21,712,642$19,671,812$19,093,971$22,097,344
63$23,897,566$20,605,965$19,703,853$23,717,553
64$26,304,415$21,584,954$20,333,229$25,477,015
65$28,955,795$22,610,947$20,982,722$27,388,821
66$31,876,618$23,686,215$21,652,976$29,467,344
67$35,094,336$24,813,143$22,344,653$31,728,376
68$38,639,200$25,994,229$23,058,441$34,189,264
69$42,544,545$27,232,093$23,795,045$36,869,066
70$46,847,106$28,529,483$24,555,197$39,788,726
71$51,587,363$29,889,280$25,339,648$42,971,264
72$56,809,925$31,314,505$26,149,177$46,441,981
73$62,563,948$32,808,327$26,984,586$50,228,692
74$68,903,604$34,374,068$27,846,702$54,361,978
75$75,888,585$36,015,211$28,736,380$58,875,466
76$83,584,675$37,735,410$29,654,503$63,806,134
77$92,064,362$39,538,495$30,601,979$69,194,652
78$101,407,530$41,428,484$31,579,748$75,085,753
79$111,702,207$43,409,590$32,588,779$81,528,644
80$123,045,402$45,486,230$33,630,073$88,577,459
81$135,544,015$47,663,036$34,704,662$96,291,754
82$149,315,847$49,944,868$35,813,611$104,737,061
83$164,490,716$52,336,819$36,958,020$113,985,489
84$181,211,678$54,844,232$38,139,022$124,116,391
85$199,636,380$57,472,710$39,357,790$135,217,096
86$219,938,546$60,228,128$40,615,532$147,383,720
87$242,309,620$63,116,649$41,913,494$160,722,056
88$266,960,570$66,144,733$43,252,965$175,348,554
89$294,123,881$69,319,158$44,635,272$191,391,400
90$324,055,749$72,647,029$46,061,786$208,991,713
91$357,038,502$76,135,800$47,533,922$228,304,848
92$393,383,261$79,793,286$49,053,141$249,501,851
93$433,432,881$83,627,684$50,620,948$272,771,044
94$477,565,185$87,647,591$52,238,900$298,319,783
95$526,196,531$91,862,020$53,908,600$326,376,391
96$579,785,745$96,280,427$55,631,707$357,192,288
97$638,838,450$100,912,727$57,409,928$391,044,337
98$703,911,839$105,769,318$59,245,028$428,237,430
99$775,619,938$110,861,106$61,138,827$469,107,338
100$854,639,400$116,199,528$63,093,205$514,023,850