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

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 $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%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,107,026
2 years$572,330$561,671$551,341$541,325$531,609$522,182
3 years$377,763$367,058$356,754$346,832$337,275$328,066
4 years$280,499$269,827$259,625$249,873$240,547$231,628
5 years$222,156$211,547$201,480$191,926$182,860$174,257
6 years$183,273$172,744$162,826$153,485$144,691$136,414
7 years$155,510$145,070$135,309$126,189$117,673$109,726
8 years$134,698$124,352$114,753$105,856$97,621$90,004
9 years$118,519$108,271$98,837$90,166$82,211$74,922
10 years$105,583$95,436$86,168$77,724$70,048$63,083
11 years$95,006$84,961$75,861$67,643$60,243$53,597
12 years$86,199$76,256$67,325$59,332$52,206$45,872
13 years$78,752$68,913$60,150$52,381$45,524$39,496
14 years$72,375$62,640$54,045$46,498$39,906$34,175
15 years$66,852$57,223$48,795$41,468$35,137$29,695
16 years$62,025$52,501$44,240$37,130$31,054$25,893
17 years$57,770$48,351$40,257$33,361$27,535$22,646
18 years$53,993$44,679$36,749$30,065$24,482$19,857
19 years$50,616$41,408$33,642$27,167$21,822$17,450
20 years$47,582$38,478$30,875$24,605$19,492$15,364
21 years$44,839$35,841$28,399$22,330$17,443$13,550
22 years$42,350$33,456$26,174$20,303$15,635$11,968
23 years$40,080$31,291$24,167$18,491$14,035$10,583
24 years$38,003$29,318$22,351$16,865$12,615$9,369
25 years$36,094$27,513$20,701$15,402$11,351$8,303
26 years$34,335$25,858$19,199$14,082$10,225$7,364
27 years$32,710$24,335$17,828$12,890$9,219$6,536
28 years$31,203$22,931$16,574$11,810$8,318$5,805
29 years$29,803$21,633$15,423$10,830$7,511$5,159
30 years$28,498$20,430$14,366$9,939$6,787$4,587
31 years$27,280$19,313$13,393$9,128$6,136$4,081
32 years$26,140$18,274$12,496$8,389$5,550$3,631
33 years$25,072$17,306$11,668$7,715$5,023$3,233
34 years$24,069$16,402$10,902$7,098$4,548$2,879
35 years$23,125$15,557$10,192$6,534$4,119$2,565
36 years$22,235$14,766$9,535$6,018$3,732$2,285
37 years$21,396$14,024$8,924$5,545$3,383$2,036
38 years$20,602$13,328$8,357$5,111$3,067$1,815
39 years$19,852$12,674$7,830$4,712$2,781$1,618
40 years$19,140$12,058$7,339$4,346$2,522$1,443
41 years$18,465$11,478$6,881$4,010$2,288$1,287
42 years$17,824$10,931$6,455$3,701$2,076$1,148
43 years$17,214$10,415$6,057$3,416$1,885$1,024
44 years$16,634$9,928$5,686$3,154$1,711$914
45 years$16,081$9,467$5,339$2,913$1,553$815
46 years$15,554$9,031$5,014$2,691$1,410$727
47 years$15,050$8,619$4,711$2,486$1,280$649
48 years$14,569$8,228$4,427$2,297$1,163$579
49 years$14,109$7,857$4,161$2,123$1,056$517
50 years$13,669$7,505$3,912$1,962$959$461

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 $2,165 every year, while hoping to spend $42,798 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: 57/14/29 Blend
60$14,000,000$14,000,000$14,000,000$14,000,000
61$15,430,233$14,688,233$14,471,233$16,186,539
62$16,958,580$15,362,420$14,910,483$17,380,785
63$18,641,384$16,068,207$15,363,013$18,677,211
64$20,494,355$16,807,099$15,829,223$20,089,490
65$22,534,802$17,580,670$16,309,525$21,628,851
66$24,781,801$18,390,571$16,804,343$23,307,645
67$27,256,369$19,238,534$17,314,113$25,139,459
68$29,981,669$20,126,372$17,839,286$27,139,244
69$32,983,221$21,055,987$18,380,324$29,323,449
70$36,289,150$22,029,370$18,937,705$31,710,174
71$39,930,444$23,048,611$19,511,920$34,319,341
72$43,941,255$24,115,898$20,103,474$37,172,873
73$48,359,212$25,233,526$20,712,890$40,294,901
74$53,225,784$26,403,901$21,340,704$43,711,986
75$58,586,664$27,629,542$21,987,468$47,453,368
76$64,492,208$28,913,094$22,653,752$51,551,234
77$70,997,903$30,257,325$23,340,142$56,041,022
78$78,164,895$31,665,140$24,047,243$60,961,747
79$86,060,563$33,139,581$24,775,675$66,356,367
80$94,759,160$34,683,840$25,526,079$72,272,182
81$104,342,507$36,301,260$26,299,115$78,761,278
82$114,900,769$37,995,349$27,095,462$85,881,009
83$126,533,307$39,769,780$27,915,820$93,694,537
84$139,349,612$41,628,408$28,760,908$102,271,420
85$153,470,343$43,575,270$29,631,468$111,688,264
86$169,028,461$45,614,601$30,528,266$122,029,439
87$186,170,488$47,750,840$31,452,086$133,387,868
88$205,057,887$49,988,640$32,403,740$145,865,900
89$225,868,587$52,332,880$33,384,062$159,576,266
90$248,798,666$54,788,674$34,393,910$174,643,137
91$274,064,194$57,361,383$35,434,170$191,203,291
92$301,903,279$60,056,628$36,505,753$209,407,391
93$332,578,315$62,880,304$37,609,596$229,421,403
94$366,378,452$65,838,588$38,746,667$251,428,152
95$403,622,334$68,937,959$39,917,960$275,629,041
96$444,661,100$72,185,207$41,124,500$302,245,939
97$489,881,703$75,587,452$42,367,341$331,523,268
98$539,710,560$79,152,161$43,647,570$363,730,300
99$594,617,579$82,887,159$44,966,306$399,163,689
100$655,120,596$86,800,653$46,324,701$438,150,259