Can I retire at age 61 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,097,287
2 years$568,242$557,659$547,403$537,458$527,812$516,613
3 years$375,065$364,436$354,206$344,355$334,866$323,934
4 years$278,495$267,899$257,771$248,088$238,829$228,249
5 years$220,569$210,036$200,041$190,555$181,554$171,357
6 years$181,964$171,510$161,663$152,389$143,658$133,855
7 years$154,399$144,034$134,343$125,287$116,832$107,429
8 years$133,736$123,464$113,933$105,100$96,923$87,919
9 years$117,672$107,498$98,131$89,522$81,624$73,015
10 years$104,829$94,754$85,552$77,169$69,547$61,329
11 years$94,328$84,354$75,319$67,160$59,813$51,979
12 years$85,583$75,711$66,844$58,908$51,833$44,374
13 years$78,190$68,421$59,720$52,007$45,199$38,108
14 years$71,858$62,193$53,659$46,166$39,621$32,888
15 years$66,375$56,814$48,447$41,172$34,886$28,500
16 years$61,582$52,126$43,924$36,865$30,832$24,783
17 years$57,358$48,006$39,969$33,123$27,338$21,614
18 years$53,607$44,360$36,487$29,851$24,308$18,899
19 years$50,255$41,112$33,402$26,973$21,666$16,560
20 years$47,242$38,203$30,655$24,429$19,352$14,538
21 years$44,519$35,585$28,196$22,171$17,318$12,783
22 years$42,047$33,217$25,987$20,158$15,523$11,256
23 years$39,794$31,067$23,995$18,359$13,935$9,924
24 years$37,731$29,108$22,191$16,744$12,525$8,759
25 years$35,836$27,317$20,553$15,292$11,270$7,738
26 years$34,090$25,673$19,062$13,982$10,152$6,841
27 years$32,476$24,161$17,701$12,798$9,153$6,053
28 years$30,980$22,767$16,455$11,726$8,259$5,359
29 years$29,590$21,478$15,313$10,753$7,457$4,747
30 years$28,294$20,284$14,264$9,868$6,738$4,207
31 years$27,085$19,175$13,297$9,063$6,092$3,730
32 years$25,954$18,144$12,407$8,329$5,511$3,309
33 years$24,893$17,182$11,584$7,660$4,987$2,936
34 years$23,897$16,285$10,824$7,047$4,515$2,606
35 years$22,960$15,446$10,119$6,488$4,090$2,313
36 years$22,076$14,660$9,466$5,975$3,705$2,054
37 years$21,243$13,924$8,860$5,505$3,358$1,825
38 years$20,455$13,233$8,297$5,074$3,045$1,621
39 years$19,710$12,583$7,774$4,679$2,761$1,440
40 years$19,003$11,972$7,286$4,315$2,504$1,280
41 years$18,333$11,396$6,832$3,981$2,272$1,137
42 years$17,697$10,853$6,409$3,674$2,062$1,011
43 years$17,091$10,341$6,014$3,392$1,871$899
44 years$16,515$9,857$5,645$3,132$1,698$799
45 years$15,966$9,400$5,301$2,892$1,542$710
46 years$15,442$8,967$4,978$2,672$1,400$632
47 years$14,943$8,557$4,677$2,468$1,271$562
48 years$14,465$8,169$4,395$2,281$1,154$500
49 years$14,008$7,801$4,131$2,108$1,048$444
50 years$13,571$7,452$3,884$1,948$952$395

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,900,000, adding $4,673 every year, while hoping to spend $20,705 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: 73/15/12 Blend
60$13,900,000$13,900,000$13,900,000$13,900,000
61$15,322,620$14,585,920$14,370,470$16,403,342
62$16,863,498$15,278,600$14,829,851$17,811,186
63$18,560,850$16,004,528$15,303,927$19,349,718
64$20,430,617$16,765,310$15,793,169$21,034,317
65$22,490,362$17,562,632$16,298,062$22,879,438
66$24,759,440$18,398,261$16,819,107$24,900,991
67$27,259,177$19,274,051$17,356,822$27,116,491
68$30,013,078$20,191,944$17,911,740$29,545,214
69$33,047,040$21,153,978$18,484,412$32,208,386
70$36,389,604$22,162,289$19,075,406$35,129,373
71$40,072,221$23,219,118$19,685,309$38,333,899
72$44,129,547$24,326,814$20,314,727$41,850,291
73$48,599,774$25,487,842$20,964,283$45,709,736
74$53,524,988$26,704,783$21,634,624$49,946,579
75$58,951,568$27,980,348$22,326,414$54,598,638
76$64,930,619$29,317,377$23,040,341$59,707,557
77$71,518,463$30,718,849$23,777,113$65,319,202
78$78,777,162$32,187,888$24,537,462$71,484,082
79$86,775,108$33,727,770$25,322,143$78,257,824
80$95,587,670$35,341,931$26,131,935$85,701,696
81$105,297,899$37,033,973$26,967,642$93,883,179
82$115,997,321$38,807,674$27,830,094$102,876,597
83$127,786,794$40,666,996$28,720,148$112,763,816
84$140,777,462$42,616,094$29,638,688$123,635,011
85$155,091,805$44,659,325$30,586,626$135,589,511
86$170,864,795$46,801,257$31,564,904$148,736,731
87$188,245,170$49,046,684$32,574,494$163,197,199
88$207,396,835$51,400,630$33,616,398$179,103,688
89$228,500,417$53,868,365$34,691,651$196,602,459
90$251,754,960$56,455,416$35,801,322$215,854,641
91$277,379,813$59,167,578$36,946,514$237,037,737
92$305,616,695$62,010,931$38,128,363$260,347,301
93$336,731,980$64,991,848$39,348,045$285,998,766
94$371,019,209$68,117,016$40,606,771$314,229,478
95$408,801,863$71,393,444$41,905,793$345,300,923
96$450,436,416$74,828,486$43,246,401$379,501,188
97$496,315,702$78,429,854$44,629,927$417,147,669
98$546,872,621$82,205,633$46,057,746$458,590,061
99$602,584,225$86,164,307$47,531,278$504,213,646
100$663,976,228$90,314,769$49,051,987$554,442,917