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

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 $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%18.4%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,032,266
2 years$547,802$537,599$527,712$518,125$508,826$472,649
3 years$361,573$351,327$341,464$331,968$322,820$287,872
4 years$268,478$258,263$248,499$239,164$230,238$196,785
5 years$212,635$202,481$192,845$183,701$175,023$143,154
6 years$175,418$165,341$155,848$146,907$138,490$108,231
7 years$148,845$138,853$129,510$120,780$112,629$83,975
8 years$128,925$119,023$109,835$101,320$93,437$66,365
9 years$113,439$103,631$94,601$86,302$78,687$53,165
10 years$101,058$91,345$82,475$74,393$67,046$43,031
11 years$90,935$81,319$72,610$64,744$57,661$35,107
12 years$82,505$72,988$64,439$56,789$49,968$28,824
13 years$75,377$65,960$57,572$50,137$43,573$23,783
14 years$69,273$59,956$51,729$44,506$38,196$19,704
15 years$63,987$54,771$46,704$39,691$33,631$16,378
16 years$59,367$50,251$42,344$35,539$29,723$13,650
17 years$55,295$46,279$38,532$31,932$26,354$11,401
18 years$51,679$42,764$35,174$28,777$23,433$9,540
19 years$48,447$39,633$32,200$26,002$20,887$7,995
20 years$45,542$36,829$29,552$23,550$18,656$6,709
21 years$42,918$34,305$27,182$21,373$16,695$5,635
22 years$40,535$32,022$25,053$19,433$14,965$4,738
23 years$38,362$29,950$23,132$17,698$13,433$3,986
24 years$36,374$28,061$21,393$16,142$12,074$3,356
25 years$34,547$26,334$19,814$14,742$10,865$2,826
26 years$32,864$24,750$18,376$13,479$9,787$2,382
27 years$31,308$23,292$17,064$12,338$8,824$2,008
28 years$29,866$21,948$15,863$11,304$7,962$1,693
29 years$28,525$20,706$14,762$10,366$7,189$1,428
30 years$27,277$19,554$13,750$9,513$6,496$1,204
31 years$26,111$18,485$12,819$8,737$5,873$1,016
32 years$25,020$17,491$11,960$8,030$5,312$858
33 years$23,997$16,564$11,168$7,384$4,808$724
34 years$23,037$15,699$10,434$6,794$4,353$611
35 years$22,134$14,890$9,755$6,254$3,943$516
36 years$21,282$14,133$9,126$5,760$3,572$435
37 years$20,479$13,423$8,542$5,307$3,238$368
38 years$19,720$12,757$7,999$4,892$2,935$310
39 years$19,001$12,130$7,494$4,510$2,662$262
40 years$18,320$11,541$7,024$4,160$2,414$221
41 years$17,674$10,986$6,586$3,838$2,190$187
42 years$17,060$10,463$6,178$3,542$1,987$158
43 years$16,477$9,969$5,798$3,270$1,804$133
44 years$15,921$9,502$5,442$3,019$1,637$113
45 years$15,392$9,061$5,110$2,788$1,486$95
46 years$14,887$8,644$4,799$2,576$1,350$80
47 years$14,405$8,249$4,509$2,380$1,225$68
48 years$13,945$7,875$4,237$2,199$1,113$57
49 years$13,504$7,520$3,983$2,032$1,011$48
50 years$13,083$7,184$3,744$1,878$918$41

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 $4,735 every year, while hoping to spend $27,324 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: 66/25/9 Blend
60$13,400,000$13,400,000$13,400,000$13,400,000
61$14,771,684$14,061,484$13,853,784$15,719,572
62$16,249,323$14,721,424$14,288,813$17,010,626
63$17,876,766$15,412,786$14,737,500$18,417,418
64$19,669,263$16,137,079$15,200,274$19,954,206
65$21,643,621$16,895,889$15,677,575$21,633,670
66$23,818,358$17,690,875$16,169,862$23,469,758
67$26,213,881$18,523,779$16,677,603$25,477,812
68$28,852,678$19,396,425$17,201,284$27,674,712
69$31,759,530$20,310,729$17,741,406$30,079,030
70$34,961,743$21,268,695$18,298,483$32,711,200
71$38,489,407$22,272,428$18,873,049$35,593,710
72$42,375,683$23,324,133$19,465,653$38,751,307
73$46,657,110$24,426,123$20,076,859$42,211,226
74$51,373,955$25,580,822$20,707,254$46,003,444
75$56,570,589$26,790,773$21,357,437$50,160,956
76$62,295,909$28,058,641$22,028,031$54,720,083
77$68,603,798$29,387,221$22,719,677$59,720,807
78$75,553,633$30,779,443$23,433,034$65,207,145
79$83,210,848$32,238,380$24,168,785$71,227,556
80$91,647,547$33,767,253$24,927,631$77,835,395
81$100,943,188$35,369,440$25,710,299$85,089,407
82$111,185,335$37,048,484$26,517,535$93,054,275
83$122,470,477$38,808,097$27,350,111$101,801,226
84$134,904,947$40,652,176$28,208,821$111,408,693
85$148,605,922$42,584,802$29,094,487$121,963,047
86$163,702,527$44,610,259$30,007,953$133,559,406
87$180,337,058$46,733,035$30,950,093$146,302,523
88$198,666,322$48,957,838$31,921,805$160,307,767
89$218,863,121$51,289,606$32,924,020$175,702,199
90$241,117,877$53,733,514$33,957,692$192,625,765
91$265,640,436$56,294,992$35,023,810$211,232,605
92$292,662,045$58,979,731$36,123,392$231,692,498
93$322,437,536$61,793,700$37,257,488$254,192,451
94$355,247,731$64,743,159$38,427,181$278,938,455
95$391,402,097$67,834,670$39,633,588$306,157,415
96$431,241,658$71,075,117$40,877,861$336,099,278
97$475,142,227$74,471,717$42,161,189$369,039,384
98$523,517,942$78,032,039$43,484,797$405,281,043
99$576,825,183$81,764,019$44,849,948$445,158,388
100$635,566,877$85,675,982$46,257,947$489,039,512