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%16.1%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,088,508
2 years$572,330$561,671$551,341$541,325$531,609$503,706
3 years$377,763$367,058$356,754$346,832$337,275$310,212
4 years$280,499$269,827$259,625$249,873$240,547$214,533
5 years$222,156$211,547$201,480$191,926$182,860$157,967
6 years$183,273$172,744$162,826$153,485$144,691$120,943
7 years$155,510$145,070$135,309$126,189$117,673$95,073
8 years$134,698$124,352$114,753$105,856$97,621$76,159
9 years$118,519$108,271$98,837$90,166$82,211$61,870
10 years$105,583$95,436$86,168$77,724$70,048$50,803
11 years$95,006$84,961$75,861$67,643$60,243$42,067
12 years$86,199$76,256$67,325$59,332$52,206$35,066
13 years$78,752$68,913$60,150$52,381$45,524$29,388
14 years$72,375$62,640$54,045$46,498$39,906$24,737
15 years$66,852$57,223$48,795$41,468$35,137$20,898
16 years$62,025$52,501$44,240$37,130$31,054$17,707
17 years$57,770$48,351$40,257$33,361$27,535$15,041
18 years$53,993$44,679$36,749$30,065$24,482$12,803
19 years$50,616$41,408$33,642$27,167$21,822$10,917
20 years$47,582$38,478$30,875$24,605$19,492$9,322
21 years$44,839$35,841$28,399$22,330$17,443$7,971
22 years$42,350$33,456$26,174$20,303$15,635$6,822
23 years$40,080$31,291$24,167$18,491$14,035$5,845
24 years$38,003$29,318$22,351$16,865$12,615$5,011
25 years$36,094$27,513$20,701$15,402$11,351$4,299
26 years$34,335$25,858$19,199$14,082$10,225$3,690
27 years$32,710$24,335$17,828$12,890$9,219$3,169
28 years$31,203$22,931$16,574$11,810$8,318$2,723
29 years$29,803$21,633$15,423$10,830$7,511$2,340
30 years$28,498$20,430$14,366$9,939$6,787$2,012
31 years$27,280$19,313$13,393$9,128$6,136$1,730
32 years$26,140$18,274$12,496$8,389$5,550$1,488
33 years$25,072$17,306$11,668$7,715$5,023$1,280
34 years$24,069$16,402$10,902$7,098$4,548$1,102
35 years$23,125$15,557$10,192$6,534$4,119$948
36 years$22,235$14,766$9,535$6,018$3,732$816
37 years$21,396$14,024$8,924$5,545$3,383$702
38 years$20,602$13,328$8,357$5,111$3,067$605
39 years$19,852$12,674$7,830$4,712$2,781$521
40 years$19,140$12,058$7,339$4,346$2,522$448
41 years$18,465$11,478$6,881$4,010$2,288$386
42 years$17,824$10,931$6,455$3,701$2,076$332
43 years$17,214$10,415$6,057$3,416$1,885$286
44 years$16,634$9,928$5,686$3,154$1,711$246
45 years$16,081$9,467$5,339$2,913$1,553$212
46 years$15,554$9,031$5,014$2,691$1,410$183
47 years$15,050$8,619$4,711$2,486$1,280$157
48 years$14,569$8,228$4,427$2,297$1,163$136
49 years$14,109$7,857$4,161$2,123$1,056$117
50 years$13,669$7,505$3,912$1,962$959$101

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 $6,290 every year, while hoping to spend $57,502 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: 85/9/6 Blend
60$14,000,000$14,000,000$14,000,000$14,000,000
61$15,434,488$14,692,488$14,475,488$16,741,624
62$16,947,624$15,351,238$14,899,235$18,253,749
63$18,613,173$16,040,340$15,335,251$19,906,143
64$20,446,620$16,761,220$15,783,885$21,719,596
65$22,465,028$17,515,372$16,245,498$23,710,254
66$24,687,198$18,304,363$16,720,459$25,895,899
67$27,133,848$19,129,833$17,209,150$28,296,115
68$29,827,806$19,993,500$17,711,962$30,932,473
69$32,794,226$20,897,165$18,229,297$33,828,730
70$36,060,826$21,842,715$18,761,567$37,011,053
71$39,658,149$22,832,128$19,309,199$40,508,265
72$43,619,852$23,867,474$19,872,629$44,352,114
73$47,983,021$24,950,923$20,452,306$48,577,573
74$52,788,522$26,084,752$21,048,691$53,223,165
75$58,081,388$27,271,341$21,662,259$58,331,326
76$63,911,242$28,513,189$22,293,497$63,948,805
77$70,332,766$29,812,913$22,942,906$70,127,100
78$77,406,217$31,173,254$23,611,002$76,922,946
79$85,197,994$32,597,087$24,298,314$84,398,843
80$93,781,267$34,087,422$25,005,385$92,623,647
81$103,236,666$35,647,415$25,732,776$101,673,217
82$113,653,042$37,280,374$26,481,059$111,631,128
83$125,128,304$38,989,765$27,250,827$122,589,457
84$137,770,347$40,779,219$28,042,685$134,649,648
85$151,698,065$42,652,543$28,857,258$147,923,469
86$167,042,477$44,613,728$29,695,186$162,534,062
87$183,947,962$46,666,953$30,557,127$178,617,102
88$202,573,623$48,816,602$31,443,759$196,322,076
89$223,094,784$51,067,267$32,355,777$215,813,689
90$245,704,651$53,423,763$33,293,895$237,273,416
91$270,616,132$55,891,133$34,258,846$260,901,209
92$298,063,847$58,474,668$35,251,387$286,917,383
93$328,306,341$61,179,909$36,272,291$315,564,691
94$361,628,530$64,012,667$37,322,354$347,110,609
95$398,344,383$66,979,030$38,402,396$381,849,860
96$438,799,889$70,085,382$39,513,256$420,107,188
97$483,376,325$73,338,413$40,655,797$462,240,418
98$532,493,852$76,745,136$41,830,907$508,643,834
99$586,615,480$80,312,903$43,039,498$559,751,889
100$646,251,442$84,049,419$44,282,505$616,043,303