Can I retire at age 61 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,093,184
2 years$576,418$565,683$555,279$545,191$535,407$504,236
3 years$380,462$369,680$359,302$349,309$339,684$309,489
4 years$282,503$271,754$261,480$251,658$242,265$213,278
5 years$223,742$213,058$202,919$193,297$184,166$156,465
6 years$184,582$173,978$163,989$154,581$145,725$119,336
7 years$156,621$146,107$136,275$127,090$118,513$93,439
8 years$135,660$125,240$115,572$106,613$98,318$74,544
9 years$119,365$109,044$99,543$90,810$82,798$60,301
10 years$106,337$96,117$86,783$78,279$70,548$49,300
11 years$95,685$85,567$76,403$68,126$60,674$40,639
12 years$86,815$76,801$67,805$59,756$52,579$33,721
13 years$79,315$69,405$60,580$52,756$45,849$28,128
14 years$72,892$63,088$54,431$46,831$40,191$23,563
15 years$67,330$57,632$49,144$41,765$35,388$19,808
16 years$62,468$52,876$44,556$37,396$31,276$16,700
17 years$58,183$48,697$40,544$33,600$27,731$14,113
18 years$54,378$44,998$37,012$30,280$24,657$11,951
19 years$50,978$41,704$33,883$27,361$21,978$10,137
20 years$47,921$38,753$31,096$24,780$19,631$8,611
21 years$45,160$36,097$28,602$22,490$17,567$7,323
22 years$42,652$33,695$26,361$20,448$15,747$6,234
23 years$40,366$31,514$24,340$18,623$14,135$5,311
24 years$38,274$29,527$22,510$16,985$12,705$4,528
25 years$36,352$27,710$20,849$15,512$11,433$3,863
26 years$34,581$26,043$19,336$14,183$10,298$3,298
27 years$32,943$24,509$17,956$12,982$9,285$2,816
28 years$31,426$23,095$16,692$11,894$8,378$2,406
29 years$30,015$21,787$15,533$10,907$7,565$2,056
30 years$28,702$20,576$14,469$10,010$6,835$1,757
31 years$27,475$19,451$13,489$9,194$6,180$1,502
32 years$26,327$18,405$12,585$8,449$5,590$1,285
33 years$25,251$17,429$11,751$7,770$5,059$1,099
34 years$24,241$16,519$10,979$7,149$4,580$940
35 years$23,290$15,668$10,265$6,581$4,149$804
36 years$22,394$14,871$9,603$6,061$3,759$688
37 years$21,549$14,124$8,988$5,584$3,407$589
38 years$20,750$13,423$8,417$5,147$3,089$504
39 years$19,993$12,764$7,886$4,746$2,801$431
40 years$19,277$12,144$7,391$4,377$2,540$369
41 years$18,597$11,560$6,931$4,039$2,305$316
42 years$17,951$11,009$6,501$3,727$2,091$270
43 years$17,337$10,490$6,100$3,441$1,898$231
44 years$16,753$9,999$5,726$3,177$1,723$198
45 years$16,196$9,535$5,377$2,934$1,564$170
46 years$15,665$9,096$5,050$2,710$1,420$145
47 years$15,158$8,680$4,744$2,504$1,289$124
48 years$14,673$8,286$4,458$2,314$1,171$106
49 years$14,210$7,913$4,191$2,138$1,064$91
50 years$13,767$7,559$3,940$1,976$966$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,100,000, adding $5,099 every year, while hoping to spend $56,784 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: 69/6/25 Blend
60$14,100,000$14,100,000$14,100,000$14,100,000
61$15,543,460$14,796,160$14,577,610$16,516,266
62$17,068,475$15,460,754$15,005,542$17,833,619
63$18,747,138$16,156,010$15,445,907$19,267,736
64$20,595,062$16,883,370$15,899,060$20,835,884
65$22,629,450$17,644,346$16,365,370$22,551,336
66$24,869,256$18,440,522$16,845,212$24,428,701
67$27,335,368$19,273,555$17,338,975$26,484,066
68$30,050,801$20,145,185$17,847,056$28,735,144
69$33,040,916$21,057,232$18,369,865$31,201,440
70$36,333,657$22,011,604$18,907,824$33,904,431
71$39,959,820$23,010,302$19,461,365$36,867,771
72$43,953,335$24,055,421$20,030,934$40,117,508
73$48,351,593$25,149,154$20,616,989$43,682,329
74$53,195,797$26,293,804$21,219,999$47,593,830
75$58,531,348$27,491,781$21,840,449$51,886,812
76$64,408,277$28,745,610$22,478,836$56,599,603
77$70,881,715$30,057,938$23,135,671$61,774,424
78$78,012,414$31,431,541$23,811,479$67,457,778
79$85,867,317$32,869,323$24,506,801$73,700,893
80$94,520,196$34,374,333$25,222,192$80,560,197
81$104,052,343$35,949,763$25,958,222$88,097,852
82$114,553,339$37,598,957$26,715,479$96,382,336
83$126,121,897$39,325,423$27,494,565$105,489,085
84$138,866,797$41,132,836$28,296,100$115,501,206
85$152,907,912$43,025,047$29,120,721$126,510,254
86$168,377,337$45,006,092$29,969,083$138,617,095
87$185,420,637$47,080,202$30,841,859$151,932,855
88$204,198,221$49,251,811$31,739,741$166,579,963
89$224,886,857$51,525,567$32,663,438$182,693,306
90$247,681,336$53,906,339$33,613,683$200,421,497
91$272,796,316$56,399,234$34,591,226$219,928,272
92$300,468,347$59,009,603$35,596,838$241,394,034
93$330,958,099$61,743,054$36,631,313$265,017,552
94$364,552,828$64,605,467$37,695,465$291,017,829
95$401,569,085$67,603,003$38,790,131$319,636,169
96$442,355,703$70,742,122$39,916,173$351,138,448
97$487,297,095$74,029,596$41,074,474$385,817,619
98$536,816,873$77,472,520$42,265,944$423,996,472
99$591,381,855$81,078,336$43,491,514$466,030,675
100$651,506,471$84,854,840$44,752,146$512,312,129