Can I retire at age 61 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,105,641
2 years$572,330$561,671$551,341$541,325$531,609$520,792
3 years$377,763$367,058$356,754$346,832$337,275$326,714
4 years$280,499$269,827$259,625$249,873$240,547$230,324
5 years$222,156$211,547$201,480$191,926$182,860$173,005
6 years$183,273$172,744$162,826$153,485$144,691$135,215
7 years$155,510$145,070$135,309$126,189$117,673$108,581
8 years$134,698$124,352$114,753$105,856$97,621$88,913
9 years$118,519$108,271$98,837$90,166$82,211$73,884
10 years$105,583$95,436$86,168$77,724$70,048$62,096
11 years$95,006$84,961$75,861$67,643$60,243$52,661
12 years$86,199$76,256$67,325$59,332$52,206$44,985
13 years$78,752$68,913$60,150$52,381$45,524$38,658
14 years$72,375$62,640$54,045$46,498$39,906$33,384
15 years$66,852$57,223$48,795$41,468$35,137$28,949
16 years$62,025$52,501$44,240$37,130$31,054$25,191
17 years$57,770$48,351$40,257$33,361$27,535$21,986
18 years$53,993$44,679$36,749$30,065$24,482$19,237
19 years$50,616$41,408$33,642$27,167$21,822$16,869
20 years$47,582$38,478$30,875$24,605$19,492$14,820
21 years$44,839$35,841$28,399$22,330$17,443$13,041
22 years$42,350$33,456$26,174$20,303$15,635$11,492
23 years$40,080$31,291$24,167$18,491$14,035$10,139
24 years$38,003$29,318$22,351$16,865$12,615$8,956
25 years$36,094$27,513$20,701$15,402$11,351$7,918
26 years$34,335$25,858$19,199$14,082$10,225$7,006
27 years$32,710$24,335$17,828$12,890$9,219$6,204
28 years$31,203$22,931$16,574$11,810$8,318$5,497
29 years$29,803$21,633$15,423$10,830$7,511$4,873
30 years$28,498$20,430$14,366$9,939$6,787$4,322
31 years$27,280$19,313$13,393$9,128$6,136$3,836
32 years$26,140$18,274$12,496$8,389$5,550$3,405
33 years$25,072$17,306$11,668$7,715$5,023$3,024
34 years$24,069$16,402$10,902$7,098$4,548$2,686
35 years$23,125$15,557$10,192$6,534$4,119$2,387
36 years$22,235$14,766$9,535$6,018$3,732$2,121
37 years$21,396$14,024$8,924$5,545$3,383$1,886
38 years$20,602$13,328$8,357$5,111$3,067$1,677
39 years$19,852$12,674$7,830$4,712$2,781$1,491
40 years$19,140$12,058$7,339$4,346$2,522$1,326
41 years$18,465$11,478$6,881$4,010$2,288$1,180
42 years$17,824$10,931$6,455$3,701$2,076$1,049
43 years$17,214$10,415$6,057$3,416$1,885$934
44 years$16,634$9,928$5,686$3,154$1,711$831
45 years$16,081$9,467$5,339$2,913$1,553$739
46 years$15,554$9,031$5,014$2,691$1,410$658
47 years$15,050$8,619$4,711$2,486$1,280$586
48 years$14,569$8,228$4,427$2,297$1,163$521
49 years$14,109$7,857$4,161$2,123$1,056$464
50 years$13,669$7,505$3,912$1,962$959$413

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,000,000, adding $3,180 every year, while hoping to spend $47,357 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: 48/22/30 Blend
60$14,000,000$14,000,000$14,000,000$14,000,000
61$15,431,280$14,689,280$14,472,280$16,039,424
62$16,954,883$15,358,667$14,906,714$17,138,272
63$18,632,307$16,059,267$15,354,114$18,326,073
64$20,479,190$16,792,560$15,814,865$19,615,200
65$22,512,767$17,560,094$16,289,363$21,015,248
66$24,752,026$18,363,496$16,778,014$22,536,764
67$27,217,894$19,204,468$17,281,238$24,191,338
68$29,933,426$20,084,794$17,799,466$25,991,714
69$32,924,030$21,006,344$18,333,143$27,951,900
70$36,217,705$21,971,079$18,882,727$30,087,299
71$39,845,300$22,981,050$19,448,687$32,414,851
72$43,840,811$24,038,413$20,031,509$34,953,185
73$48,241,700$25,145,421$20,631,691$37,722,792
74$53,089,248$26,304,441$21,249,747$40,746,213
75$58,428,942$27,517,950$21,886,204$44,048,246
76$64,310,910$28,788,545$22,541,608$47,656,173
77$70,790,388$30,118,949$23,216,517$51,600,015
78$77,928,246$31,512,016$23,911,509$55,912,807
79$85,791,558$32,970,736$24,627,175$60,630,902
80$94,454,239$34,498,244$25,364,128$65,794,312
81$103,997,739$36,097,826$26,122,994$71,447,074
82$114,511,816$37,772,926$26,904,421$77,637,661
83$126,095,377$39,527,155$27,709,075$84,419,431
84$138,857,416$41,364,297$28,537,641$91,851,124
85$152,918,044$43,288,319$29,390,823$99,997,408
86$168,409,616$45,303,378$30,269,347$108,929,478
87$185,477,988$47,413,835$31,173,961$118,725,724
88$204,283,888$49,624,257$32,105,434$129,472,457
89$225,004,434$51,939,435$33,064,555$141,264,718
90$247,834,809$54,364,390$34,052,140$154,207,161
91$272,990,099$56,904,386$35,069,027$168,415,033
92$300,707,328$59,564,939$36,116,078$184,015,251
93$331,247,689$62,351,835$37,194,181$201,147,588
94$364,899,017$65,271,138$38,304,249$219,965,977
95$401,978,497$68,329,205$39,447,222$240,639,957
96$442,835,668$71,532,700$40,624,068$263,356,258
97$487,855,714$74,888,610$41,835,782$288,320,548
98$537,463,105$78,404,260$43,083,389$315,759,364
99$592,125,603$82,087,330$44,367,944$345,922,232
100$652,358,675$85,945,870$45,690,530$379,084,009