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%12.5%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,057,376
2 years$547,802$537,599$527,712$518,125$508,826$497,589
3 years$361,573$351,327$341,464$331,968$322,820$311,853
4 years$268,478$258,263$248,499$239,164$230,238$219,625
5 years$212,635$202,481$192,845$183,701$175,023$164,796
6 years$175,418$165,341$155,848$146,907$138,490$128,661
7 years$148,845$138,853$129,510$120,780$112,629$103,203
8 years$128,925$119,023$109,835$101,320$93,437$84,413
9 years$113,439$103,631$94,601$86,302$78,687$70,062
10 years$101,058$91,345$82,475$74,393$67,046$58,813
11 years$90,935$81,319$72,610$64,744$57,661$49,815
12 years$82,505$72,988$64,439$56,789$49,968$42,501
13 years$75,377$65,960$57,572$50,137$43,573$36,475
14 years$69,273$59,956$51,729$44,506$38,196$31,458
15 years$63,987$54,771$46,704$39,691$33,631$27,242
16 years$59,367$50,251$42,344$35,539$29,723$23,673
17 years$55,295$46,279$38,532$31,932$26,354$20,632
18 years$51,679$42,764$35,174$28,777$23,433$18,027
19 years$48,447$39,633$32,200$26,002$20,887$15,785
20 years$45,542$36,829$29,552$23,550$18,656$13,847
21 years$42,918$34,305$27,182$21,373$16,695$12,167
22 years$40,535$32,022$25,053$19,433$14,965$10,706
23 years$38,362$29,950$23,132$17,698$13,433$9,431
24 years$36,374$28,061$21,393$16,142$12,074$8,317
25 years$34,547$26,334$19,814$14,742$10,865$7,342
26 years$32,864$24,750$18,376$13,479$9,787$6,486
27 years$31,308$23,292$17,064$12,338$8,824$5,734
28 years$29,866$21,948$15,863$11,304$7,962$5,073
29 years$28,525$20,706$14,762$10,366$7,189$4,490
30 years$27,277$19,554$13,750$9,513$6,496$3,976
31 years$26,111$18,485$12,819$8,737$5,873$3,522
32 years$25,020$17,491$11,960$8,030$5,312$3,122
33 years$23,997$16,564$11,168$7,384$4,808$2,768
34 years$23,037$15,699$10,434$6,794$4,353$2,454
35 years$22,134$14,890$9,755$6,254$3,943$2,177
36 years$21,282$14,133$9,126$5,760$3,572$1,932
37 years$20,479$13,423$8,542$5,307$3,238$1,714
38 years$19,720$12,757$7,999$4,892$2,935$1,522
39 years$19,001$12,130$7,494$4,510$2,662$1,351
40 years$18,320$11,541$7,024$4,160$2,414$1,199
41 years$17,674$10,986$6,586$3,838$2,190$1,065
42 years$17,060$10,463$6,178$3,542$1,987$946
43 years$16,477$9,969$5,798$3,270$1,804$840
44 years$15,921$9,502$5,442$3,019$1,637$746
45 years$15,392$9,061$5,110$2,788$1,486$663
46 years$14,887$8,644$4,799$2,576$1,350$589
47 years$14,405$8,249$4,509$2,380$1,225$523
48 years$13,945$7,875$4,237$2,199$1,113$465
49 years$13,504$7,520$3,983$2,032$1,011$413
50 years$13,083$7,184$3,744$1,878$918$367

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 $2,312 every year, while hoping to spend $34,869 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: 33/42/25 Blend
60$13,400,000$13,400,000$13,400,000$13,400,000
61$14,769,185$14,058,985$13,851,285$15,143,746
62$16,238,541$14,710,775$14,278,203$16,078,035
63$17,856,604$15,393,334$14,718,253$17,080,952
64$19,638,503$16,108,133$15,171,840$18,161,155
65$21,600,912$16,856,713$15,639,379$19,325,492
66$23,762,204$17,640,692$16,121,298$20,581,469
67$26,142,626$18,461,762$16,618,038$21,937,308
68$28,764,485$19,321,700$17,130,054$23,402,023
69$31,652,367$20,222,367$17,657,814$24,985,494
70$34,833,360$21,165,715$18,201,803$26,698,559
71$38,337,317$22,153,790$18,762,518$28,553,102
72$42,197,133$23,188,735$19,340,472$30,562,164
73$46,449,056$24,272,798$19,936,193$32,740,055
74$51,133,032$25,408,338$20,550,228$35,102,479
75$56,293,078$26,597,822$21,183,137$37,666,679
76$61,977,699$27,843,843$21,835,499$40,451,584
77$68,240,348$29,149,115$22,507,912$43,477,983
78$75,139,925$30,516,484$23,200,989$46,768,709
79$82,741,341$31,948,934$23,915,365$50,348,846
80$91,116,120$33,449,595$24,651,692$54,245,952
81$100,343,085$35,021,745$25,410,645$58,490,310
82$110,509,093$36,668,825$26,192,915$63,115,202
83$121,709,862$38,394,438$26,999,218$68,157,208
84$134,050,867$40,202,364$27,830,291$73,656,543
85$147,648,342$42,096,567$28,686,893$79,657,418
86$162,630,375$44,081,201$29,569,806$86,208,446
87$179,138,115$46,160,622$30,479,836$93,363,086
88$197,327,107$48,339,397$31,417,815$101,180,128
89$217,368,759$50,622,314$32,384,599$109,724,240
90$239,451,960$53,014,394$33,381,070$119,066,551
91$263,784,861$55,520,902$34,408,138$129,285,315
92$290,596,846$58,147,355$35,466,740$140,466,620
93$320,140,691$60,899,541$36,557,841$152,705,192
94$352,694,950$63,783,528$37,682,438$166,105,260
95$388,566,592$66,805,678$38,841,557$180,781,524
96$428,093,889$69,972,660$40,036,253$196,860,213
97$471,649,615$73,291,470$41,267,617$214,480,254
98$519,644,565$76,769,442$42,536,772$233,794,557
99$572,531,431$80,414,265$43,844,874$254,971,435
100$630,809,076$84,234,002$45,193,116$278,196,165