Can I retire at age 61 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,058,024
2 years$564,154$553,647$543,464$533,591$524,015$481,796
3 years$372,367$361,815$351,657$341,877$332,457$291,755
4 years$276,492$265,972$255,917$246,303$237,111$198,236
5 years$218,982$208,525$198,602$189,185$180,248$143,300
6 years$180,655$170,277$160,500$151,292$142,624$107,628
7 years$153,289$142,998$133,376$124,386$115,992$82,936
8 years$132,774$122,576$113,113$104,344$96,226$65,079
9 years$116,826$106,724$97,425$88,878$81,036$51,752
10 years$104,075$94,072$84,937$76,614$69,047$41,571
11 years$93,649$83,747$74,777$66,677$59,383$33,653
12 years$84,967$75,167$66,363$58,485$51,460$27,409
13 years$77,627$67,929$59,291$51,633$44,874$22,431
14 years$71,341$61,745$53,273$45,834$39,336$18,428
15 years$65,897$56,405$48,098$40,876$34,635$15,187
16 years$61,139$51,751$43,608$36,600$30,610$12,548
17 years$56,945$47,661$39,682$32,885$27,141$10,388
18 years$53,221$44,041$36,224$29,636$24,133$8,615
19 years$49,893$40,816$33,162$26,779$21,510$7,155
20 years$46,902$37,929$30,434$24,253$19,213$5,949
21 years$44,199$35,329$27,994$22,011$17,194$4,950
22 years$41,745$32,978$25,800$20,013$15,412$4,123
23 years$39,507$30,844$23,822$18,226$13,834$3,436
24 years$37,460$28,899$22,031$16,624$12,435$2,865
25 years$35,579$27,120$20,405$15,182$11,189$2,390
26 years$33,845$25,489$18,925$13,881$10,079$1,995
27 years$32,243$23,988$17,574$12,706$9,087$1,665
28 years$30,757$22,603$16,337$11,641$8,199$1,391
29 years$29,377$21,324$15,203$10,675$7,404$1,161
30 years$28,091$20,138$14,161$9,797$6,690$970
31 years$26,890$19,037$13,202$8,998$6,048$811
32 years$25,767$18,013$12,318$8,269$5,471$677
33 years$24,714$17,059$11,501$7,604$4,951$566
34 years$23,725$16,168$10,746$6,997$4,483$473
35 years$22,794$15,335$10,047$6,441$4,060$395
36 years$21,918$14,555$9,398$5,932$3,679$330
37 years$21,090$13,824$8,797$5,465$3,334$276
38 years$20,308$13,138$8,238$5,038$3,023$231
39 years$19,568$12,493$7,718$4,645$2,741$193
40 years$18,867$11,886$7,234$4,284$2,486$161
41 years$18,201$11,314$6,783$3,953$2,256$135
42 years$17,569$10,775$6,363$3,648$2,047$113
43 years$16,968$10,266$5,971$3,367$1,858$94
44 years$16,396$9,786$5,604$3,109$1,686$79
45 years$15,851$9,332$5,262$2,872$1,531$66
46 years$15,331$8,902$4,943$2,652$1,390$55
47 years$14,835$8,496$4,643$2,451$1,262$46
48 years$14,361$8,110$4,364$2,264$1,146$39
49 years$13,908$7,745$4,101$2,093$1,041$32
50 years$13,474$7,398$3,856$1,934$945$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,800,000, adding $4,499 every year, while hoping to spend $29,173 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: 75/8/17 Blend
60$13,800,000$13,800,000$13,800,000$13,800,000
61$15,212,241$14,480,841$14,266,941$16,294,380
62$16,732,849$15,159,362$14,713,843$17,689,695
63$18,407,582$15,870,153$15,174,740$19,214,573
64$20,252,130$16,614,765$15,650,067$20,885,179
65$22,283,780$17,394,822$16,140,278$22,716,018
66$24,521,587$18,212,028$16,645,838$24,723,061
67$26,986,542$19,068,171$17,167,227$26,923,895
68$29,701,781$19,965,123$17,704,941$29,337,884
69$32,692,797$20,904,848$18,259,490$31,986,353
70$35,987,681$21,889,405$18,831,402$34,892,786
71$39,617,391$22,920,952$19,421,220$38,083,045
72$43,616,038$24,001,752$20,029,505$41,585,611
73$48,021,214$25,134,178$20,656,833$45,431,856
74$52,874,343$26,320,718$21,303,802$49,656,329
75$58,221,072$27,563,980$21,971,026$54,297,085
76$64,111,705$28,866,698$22,659,139$59,396,041
77$70,601,672$30,231,740$23,368,793$64,999,366
78$77,752,060$31,662,112$24,100,665$71,157,919
79$85,630,181$33,160,966$24,855,448$77,927,719
80$94,310,213$34,731,608$25,633,860$85,370,480
81$103,873,901$36,377,502$26,436,639$93,554,183
82$114,411,321$38,102,282$27,264,550$102,553,716
83$126,021,741$39,909,759$28,118,377$112,451,581
84$138,814,548$41,803,927$28,998,932$123,338,665
85$152,910,287$43,788,974$29,907,052$135,315,097
86$168,441,796$45,869,294$30,843,597$148,491,188
87$185,555,461$48,049,491$31,809,459$162,988,469
88$204,412,596$50,334,394$32,805,555$178,940,832
89$225,190,970$52,729,068$33,832,829$196,495,794
90$248,086,478$55,238,822$34,892,259$215,815,881
91$273,314,998$57,869,224$35,984,849$237,080,160
92$301,114,424$60,626,112$37,111,637$260,485,922
93$331,746,912$63,515,608$38,273,694$286,250,541
94$365,501,357$66,544,132$39,472,122$314,613,521
95$402,696,117$69,718,417$40,708,060$345,838,752
96$443,682,022$73,045,520$41,982,681$380,216,991
97$488,845,683$76,532,845$43,297,195$418,068,608
98$538,613,141$80,188,153$44,652,851$459,746,598
99$593,453,895$84,019,586$46,050,934$505,639,907
100$653,885,325$88,035,678$47,492,773$556,177,104