Can I retire at age 61 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,044,758
2 years$555,978$545,623$535,588$525,858$516,421$476,841
3 years$366,970$356,571$346,561$336,922$327,638$289,448
4 years$272,485$262,117$252,208$242,734$233,674$197,165
5 years$215,808$205,503$195,723$186,443$177,636$142,903
6 years$178,036$167,809$158,174$149,100$140,557$107,625
7 years$151,067$140,926$131,443$122,583$114,310$83,172
8 years$130,849$120,799$111,474$102,832$94,832$65,458
9 years$115,133$105,177$96,013$87,590$79,862$52,214
10 years$102,567$92,709$83,706$75,503$68,046$42,075
11 years$92,292$82,533$73,693$65,711$58,522$34,172
12 years$83,736$74,077$65,401$57,637$50,714$27,925
13 years$76,502$66,944$58,431$50,885$44,224$22,932
14 years$70,307$60,850$52,501$45,170$38,766$18,906
15 years$64,942$55,588$47,401$40,284$34,133$15,636
16 years$60,253$51,001$42,976$36,070$30,167$12,966
17 years$56,120$46,970$39,107$32,408$26,748$10,774
18 years$52,450$43,402$35,699$29,206$23,783$8,969
19 years$49,170$40,225$32,681$26,390$21,198$7,477
20 years$46,222$37,379$29,993$23,902$18,935$6,240
21 years$43,558$34,817$27,588$21,692$16,944$5,213
22 years$41,140$32,500$25,426$19,723$15,188$4,359
23 years$38,935$30,397$23,477$17,962$13,634$3,647
24 years$36,917$28,480$21,712$16,383$12,254$3,053
25 years$35,063$26,727$20,110$14,962$11,027$2,557
26 years$33,354$25,119$18,651$13,680$9,933$2,143
27 years$31,775$23,640$17,319$12,522$8,955$1,796
28 years$30,311$22,276$16,100$11,473$8,080$1,506
29 years$28,951$21,015$14,983$10,521$7,296$1,263
30 years$27,684$19,846$13,956$9,655$6,593$1,059
31 years$26,500$18,761$13,010$8,868$5,961$889
32 years$25,393$17,752$12,139$8,150$5,392$746
33 years$24,356$16,811$11,334$7,494$4,880$626
34 years$23,381$15,933$10,590$6,895$4,418$525
35 years$22,464$15,113$9,901$6,348$4,001$441
36 years$21,600$14,344$9,262$5,846$3,625$370
37 years$20,785$13,624$8,669$5,386$3,286$310
38 years$20,014$12,947$8,118$4,965$2,979$261
39 years$19,284$12,311$7,606$4,578$2,701$219
40 years$18,593$11,713$7,129$4,222$2,450$184
41 years$17,938$11,150$6,685$3,896$2,223$154
42 years$17,315$10,619$6,271$3,595$2,017$129
43 years$16,723$10,118$5,884$3,319$1,831$109
44 years$16,159$9,644$5,523$3,064$1,662$91
45 years$15,622$9,197$5,186$2,830$1,509$77
46 years$15,109$8,773$4,871$2,614$1,370$64
47 years$14,620$8,372$4,576$2,415$1,244$54
48 years$14,153$7,993$4,300$2,232$1,129$45
49 years$13,706$7,632$4,042$2,062$1,026$38
50 years$13,278$7,291$3,800$1,906$932$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,600,000, adding $5,083 every year, while hoping to spend $27,352 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: 66/13/21 Blend
60$13,600,000$13,600,000$13,600,000$13,600,000
61$14,992,443$14,271,643$14,060,843$15,901,800
62$16,492,570$14,941,851$14,502,779$17,182,956
63$18,144,793$15,643,983$14,958,603$18,579,405
64$19,964,597$16,379,574$15,428,752$20,105,412
65$21,969,046$17,150,233$15,913,675$21,773,707
66$24,176,943$17,957,648$16,413,837$23,598,295
67$26,609,007$18,803,589$16,929,716$25,594,593
68$29,288,071$19,689,910$17,461,807$27,779,566
69$32,239,296$20,618,557$18,010,619$30,171,891
70$35,490,407$21,591,569$18,576,677$32,792,125
71$39,071,955$22,611,083$19,160,524$35,662,898
72$43,017,611$23,679,342$19,762,717$38,809,125
73$47,364,472$24,798,695$20,383,833$42,258,236
74$52,153,425$25,971,607$21,024,468$46,040,431
75$57,429,520$27,200,662$21,685,234$50,188,963
76$63,242,405$28,488,568$22,366,763$54,740,449
77$69,646,789$29,838,167$23,069,708$59,735,209
78$76,702,961$31,252,437$23,794,743$65,217,643
79$84,477,357$32,734,499$24,542,560$71,236,650
80$93,043,187$34,287,630$25,313,876$77,846,078
81$102,481,131$35,915,262$26,109,429$85,105,235
82$112,880,092$37,620,996$26,929,981$93,079,440
83$124,338,042$39,408,606$27,776,316$101,840,635
84$136,962,945$41,282,050$28,649,246$111,468,059
85$150,873,775$43,245,480$29,549,605$122,048,993
86$166,201,638$45,303,247$30,478,255$133,679,572
87$183,091,013$47,459,914$31,436,085$146,465,696
88$201,701,115$49,720,268$32,424,012$160,524,015
89$222,207,393$52,089,326$33,442,981$175,983,028
90$244,803,194$54,572,350$34,493,967$192,984,287
91$269,701,582$57,174,857$35,577,978$211,683,731
92$297,137,353$59,902,634$36,696,049$232,253,145
93$327,369,247$62,761,747$37,849,251$254,881,777
94$360,682,397$65,758,560$39,038,687$279,778,115
95$397,391,015$68,899,743$40,265,497$307,171,851
96$437,841,361$72,192,293$41,530,854$337,316,034
97$482,415,011$75,643,546$42,835,968$370,489,457
98$531,532,459$79,261,197$44,182,090$406,999,272
99$585,657,087$83,053,312$45,570,507$447,183,888
100$645,299,538$87,028,353$47,002,548$491,416,149