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%17.9%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,034,330
2 years$547,802$537,599$527,712$518,125$508,826$474,681
3 years$361,573$351,327$341,464$331,968$322,820$289,806
4 years$268,478$258,263$248,499$239,164$230,238$198,608
5 years$212,635$202,481$192,845$183,701$175,023$144,862
6 years$175,418$165,341$155,848$146,907$138,490$109,823
7 years$148,845$138,853$129,510$120,780$112,629$85,453
8 years$128,925$119,023$109,835$101,320$93,437$67,733
9 years$113,439$103,631$94,601$86,302$78,687$54,427
10 years$101,058$91,345$82,475$74,393$67,046$44,191
11 years$90,935$81,319$72,610$64,744$57,661$36,171
12 years$82,505$72,988$64,439$56,789$49,968$29,796
13 years$75,377$65,960$57,572$50,137$43,573$24,669
14 years$69,273$59,956$51,729$44,506$38,196$20,509
15 years$63,987$54,771$46,704$39,691$33,631$17,108
16 years$59,367$50,251$42,344$35,539$29,723$14,309
17 years$55,295$46,279$38,532$31,932$26,354$11,996
18 years$51,679$42,764$35,174$28,777$23,433$10,076
19 years$48,447$39,633$32,200$26,002$20,887$8,476
20 years$45,542$36,829$29,552$23,550$18,656$7,140
21 years$42,918$34,305$27,182$21,373$16,695$6,020
22 years$40,535$32,022$25,053$19,433$14,965$5,081
23 years$38,362$29,950$23,132$17,698$13,433$4,292
24 years$36,374$28,061$21,393$16,142$12,074$3,628
25 years$34,547$26,334$19,814$14,742$10,865$3,068
26 years$32,864$24,750$18,376$13,479$9,787$2,595
27 years$31,308$23,292$17,064$12,338$8,824$2,197
28 years$29,866$21,948$15,863$11,304$7,962$1,860
29 years$28,525$20,706$14,762$10,366$7,189$1,575
30 years$27,277$19,554$13,750$9,513$6,496$1,334
31 years$26,111$18,485$12,819$8,737$5,873$1,130
32 years$25,020$17,491$11,960$8,030$5,312$958
33 years$23,997$16,564$11,168$7,384$4,808$812
34 years$23,037$15,699$10,434$6,794$4,353$688
35 years$22,134$14,890$9,755$6,254$3,943$583
36 years$21,282$14,133$9,126$5,760$3,572$495
37 years$20,479$13,423$8,542$5,307$3,238$419
38 years$19,720$12,757$7,999$4,892$2,935$355
39 years$19,001$12,130$7,494$4,510$2,662$301
40 years$18,320$11,541$7,024$4,160$2,414$256
41 years$17,674$10,986$6,586$3,838$2,190$217
42 years$17,060$10,463$6,178$3,542$1,987$184
43 years$16,477$9,969$5,798$3,270$1,804$156
44 years$15,921$9,502$5,442$3,019$1,637$132
45 years$15,392$9,061$5,110$2,788$1,486$112
46 years$14,887$8,644$4,799$2,576$1,350$95
47 years$14,405$8,249$4,509$2,380$1,225$81
48 years$13,945$7,875$4,237$2,199$1,113$68
49 years$13,504$7,520$3,983$2,032$1,011$58
50 years$13,083$7,184$3,744$1,878$918$49

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 $2,999 every year, while hoping to spend $54,047 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: 41/44/15 Blend
60$13,400,000$13,400,000$13,400,000$13,400,000
61$14,769,893$14,059,693$13,851,993$15,309,919
62$16,218,917$14,691,113$14,258,530$16,323,223
63$17,813,930$15,351,660$14,676,873$17,413,742
64$19,569,765$16,042,706$15,107,363$18,592,887
65$21,502,768$16,765,686$15,550,347$19,868,760
66$23,630,949$17,522,104$16,006,183$21,250,249
67$25,974,155$18,313,535$16,475,238$22,747,105
68$28,554,252$19,141,632$16,957,892$24,370,029
69$31,395,337$20,008,123$17,454,532$26,130,766
70$34,523,961$20,914,821$17,965,560$28,042,214
71$37,969,385$21,863,627$18,491,385$30,118,530
72$41,763,846$22,856,529$19,032,431$32,375,267
73$45,942,873$23,895,613$19,589,132$34,829,506
74$50,545,612$24,983,065$20,161,934$37,500,013
75$55,615,203$26,121,173$20,751,297$40,407,407
76$61,199,181$27,312,338$21,357,693$43,574,346
77$67,349,929$28,559,073$21,981,607$47,025,733
78$74,125,168$29,864,014$22,623,537$50,788,943
79$81,588,506$31,229,922$23,283,997$54,894,068
80$89,810,036$32,659,691$23,963,513$59,374,196
81$98,866,997$34,156,352$24,662,627$64,265,707
82$108,844,501$35,723,085$25,381,897$69,608,613
83$119,836,343$37,363,219$26,121,893$75,446,915
84$131,945,879$39,080,245$26,883,205$81,829,016
85$145,287,004$40,877,822$27,666,437$88,808,159
86$159,985,226$42,759,783$28,472,211$96,442,916
87$176,178,854$44,730,148$29,301,165$104,797,731
88$194,020,299$46,793,127$30,153,956$113,943,514
89$213,677,514$48,953,135$31,031,258$123,958,292
90$235,335,580$51,214,798$31,933,765$134,927,930
91$259,198,452$53,582,966$32,862,188$146,946,928
92$285,490,884$56,062,721$33,817,262$160,119,296
93$314,460,551$58,659,391$34,799,737$174,559,513
94$346,380,387$61,378,561$35,810,388$190,393,593
95$381,551,159$64,226,083$36,850,008$207,760,255
96$420,304,309$67,208,093$37,919,415$226,812,209
97$463,005,080$70,331,021$39,019,448$247,717,578
98$510,055,967$73,601,610$40,150,968$270,661,464
99$561,900,512$77,026,925$41,314,861$295,847,665
100$619,027,493$80,614,373$42,512,038$323,500,584