Can I retire at age 61 with 13,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,060,912
2 years$547,802$537,599$527,712$518,125$508,826$501,139
3 years$361,573$351,327$341,464$331,968$322,820$315,307
4 years$268,478$258,263$248,499$239,164$230,238$222,958
5 years$212,635$202,481$192,845$183,701$175,023$167,996
6 years$175,418$165,341$155,848$146,907$138,490$131,726
7 years$148,845$138,853$129,510$120,780$112,629$106,131
8 years$128,925$119,023$109,835$101,320$93,437$87,204
9 years$113,439$103,631$94,601$86,302$78,687$72,719
10 years$101,058$91,345$82,475$74,393$67,046$61,338
11 years$90,935$81,319$72,610$64,744$57,661$52,211
12 years$82,505$72,988$64,439$56,789$49,968$44,769
13 years$75,377$65,960$57,572$50,137$43,573$38,621
14 years$69,273$59,956$51,729$44,506$38,196$33,484
15 years$63,987$54,771$46,704$39,691$33,631$29,153
16 years$59,367$50,251$42,344$35,539$29,723$25,473
17 years$55,295$46,279$38,532$31,932$26,354$22,325
18 years$51,679$42,764$35,174$28,777$23,433$19,617
19 years$48,447$39,633$32,200$26,002$20,887$17,276
20 years$45,542$36,829$29,552$23,550$18,656$15,244
21 years$42,918$34,305$27,182$21,373$16,695$13,474
22 years$40,535$32,022$25,053$19,433$14,965$11,927
23 years$38,362$29,950$23,132$17,698$13,433$10,572
24 years$36,374$28,061$21,393$16,142$12,074$9,381
25 years$34,547$26,334$19,814$14,742$10,865$8,332
26 years$32,864$24,750$18,376$13,479$9,787$7,407
27 years$31,308$23,292$17,064$12,338$8,824$6,590
28 years$29,866$21,948$15,863$11,304$7,962$5,867
29 years$28,525$20,706$14,762$10,366$7,189$5,227
30 years$27,277$19,554$13,750$9,513$6,496$4,659
31 years$26,111$18,485$12,819$8,737$5,873$4,154
32 years$25,020$17,491$11,960$8,030$5,312$3,706
33 years$23,997$16,564$11,168$7,384$4,808$3,308
34 years$23,037$15,699$10,434$6,794$4,353$2,953
35 years$22,134$14,890$9,755$6,254$3,943$2,637
36 years$21,282$14,133$9,126$5,760$3,572$2,356
37 years$20,479$13,423$8,542$5,307$3,238$2,105
38 years$19,720$12,757$7,999$4,892$2,935$1,881
39 years$19,001$12,130$7,494$4,510$2,662$1,681
40 years$18,320$11,541$7,024$4,160$2,414$1,503
41 years$17,674$10,986$6,586$3,838$2,190$1,344
42 years$17,060$10,463$6,178$3,542$1,987$1,202
43 years$16,477$9,969$5,798$3,270$1,804$1,075
44 years$15,921$9,502$5,442$3,019$1,637$961
45 years$15,392$9,061$5,110$2,788$1,486$860
46 years$14,887$8,644$4,799$2,576$1,350$769
47 years$14,405$8,249$4,509$2,380$1,225$688
48 years$13,945$7,875$4,237$2,199$1,113$616
49 years$13,504$7,520$3,983$2,032$1,011$551
50 years$13,083$7,184$3,744$1,878$918$493

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,400,000, adding $5,546 every year, while hoping to spend $46,205 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: 55/20/25 Blend
60$13,400,000$13,400,000$13,400,000$13,400,000
61$14,772,521$14,062,321$13,854,621$15,483,162
62$16,230,156$14,702,213$14,269,589$16,612,178
63$17,834,922$15,371,911$14,696,910$17,835,853
64$19,601,776$16,072,827$15,136,948$19,167,610
65$21,547,202$16,806,440$15,590,081$20,617,845
66$23,689,361$17,574,300$16,056,693$22,197,992
67$26,048,268$18,378,033$16,537,184$23,920,625
68$28,645,975$19,219,340$17,031,964$25,799,575
69$31,506,782$20,100,006$17,541,453$27,850,052
70$34,657,468$21,021,900$18,066,085$30,088,791
71$38,127,539$21,986,983$18,606,309$32,534,203
72$41,949,510$22,997,307$19,162,582$35,206,545
73$46,159,211$24,055,025$19,735,379$38,128,107
74$50,796,123$25,162,394$20,325,187$41,323,418
75$55,903,753$26,321,777$20,932,506$44,819,474
76$61,530,043$27,535,652$21,557,853$48,645,986
77$67,727,825$28,806,616$22,201,758$52,835,657
78$74,555,315$30,137,391$22,864,768$57,424,483
79$82,076,665$31,530,831$23,547,446$62,452,093
80$90,362,568$32,989,926$24,250,369$67,962,110
81$99,490,928$34,517,810$24,974,134$74,002,563
82$109,547,589$36,117,769$25,719,354$80,626,330
83$120,627,150$37,793,246$26,486,659$87,891,633
84$132,833,855$39,547,852$27,276,698$95,862,580
85$146,282,581$41,385,369$28,090,140$104,609,765
86$161,099,917$43,309,765$28,927,672$114,210,922
87$177,425,360$45,325,195$29,790,002$124,751,657
88$195,412,637$47,436,020$30,677,857$136,326,246
89$215,231,147$49,646,806$31,591,986$149,038,514
90$237,067,568$51,962,343$32,533,161$163,002,810
91$261,127,613$54,387,651$33,502,175$178,345,076
92$287,637,976$56,927,993$34,499,845$195,204,026
93$316,848,470$59,588,884$35,527,009$213,732,447
94$349,034,383$62,376,109$36,584,534$234,098,627
95$384,499,082$65,295,730$37,673,308$256,487,940
96$423,576,871$68,354,103$38,794,246$281,104,577
97$466,636,149$71,557,892$39,948,290$308,173,467
98$514,082,888$74,914,080$41,136,410$337,942,385
99$566,364,465$78,429,992$42,359,602$370,684,280
100$623,973,884$82,113,306$43,618,892$406,699,840