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%15.1%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,100,752
2 years$576,418$565,683$555,279$545,191$535,407$511,740
3 years$380,462$369,680$359,302$349,309$339,684$316,690
4 years$282,503$271,754$261,480$251,658$242,265$220,122
5 years$223,742$213,058$202,919$193,297$184,166$162,936
6 years$184,582$173,978$163,989$154,581$145,725$125,430
7 years$156,621$146,107$136,275$127,090$118,513$99,158
8 years$135,660$125,240$115,572$106,613$98,318$79,896
9 years$119,365$109,044$99,543$90,810$82,798$65,297
10 years$106,337$96,117$86,783$78,279$70,548$53,950
11 years$95,685$85,567$76,403$68,126$60,674$44,958
12 years$86,815$76,801$67,805$59,756$52,579$37,721
13 years$79,315$69,405$60,580$52,756$45,849$31,825
14 years$72,892$63,088$54,431$46,831$40,191$26,973
15 years$67,330$57,632$49,144$41,765$35,388$22,945
16 years$62,468$52,876$44,556$37,396$31,276$19,581
17 years$58,183$48,697$40,544$33,600$27,731$16,753
18 years$54,378$44,998$37,012$30,280$24,657$14,365
19 years$50,978$41,704$33,883$27,361$21,978$12,341
20 years$47,921$38,753$31,096$24,780$19,631$10,618
21 years$45,160$36,097$28,602$22,490$17,567$9,149
22 years$42,652$33,695$26,361$20,448$15,747$7,891
23 years$40,366$31,514$24,340$18,623$14,135$6,814
24 years$38,274$29,527$22,510$16,985$12,705$5,888
25 years$36,352$27,710$20,849$15,512$11,433$5,092
26 years$34,581$26,043$19,336$14,183$10,298$4,406
27 years$32,943$24,509$17,956$12,982$9,285$3,815
28 years$31,426$23,095$16,692$11,894$8,378$3,305
29 years$30,015$21,787$15,533$10,907$7,565$2,864
30 years$28,702$20,576$14,469$10,010$6,835$2,482
31 years$27,475$19,451$13,489$9,194$6,180$2,152
32 years$26,327$18,405$12,585$8,449$5,590$1,867
33 years$25,251$17,429$11,751$7,770$5,059$1,620
34 years$24,241$16,519$10,979$7,149$4,580$1,405
35 years$23,290$15,668$10,265$6,581$4,149$1,220
36 years$22,394$14,871$9,603$6,061$3,759$1,059
37 years$21,549$14,124$8,988$5,584$3,407$919
38 years$20,750$13,423$8,417$5,147$3,089$798
39 years$19,993$12,764$7,886$4,746$2,801$693
40 years$19,277$12,144$7,391$4,377$2,540$601
41 years$18,597$11,560$6,931$4,039$2,305$522
42 years$17,951$11,009$6,501$3,727$2,091$454
43 years$17,337$10,490$6,100$3,441$1,898$394
44 years$16,753$9,999$5,726$3,177$1,723$342
45 years$16,196$9,535$5,377$2,934$1,564$297
46 years$15,665$9,096$5,050$2,710$1,420$258
47 years$15,158$8,680$4,744$2,504$1,289$224
48 years$14,673$8,286$4,458$2,314$1,171$195
49 years$14,210$7,913$4,191$2,138$1,064$169
50 years$13,767$7,559$3,940$1,976$966$147

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 $2,026 every year, while hoping to spend $25,771 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: 27/50/23 Blend
60$14,100,000$14,100,000$14,100,000$14,100,000
61$15,540,290$14,792,990$14,574,440$15,847,073
62$17,097,979$15,490,426$15,035,263$16,787,657
63$18,813,689$16,221,173$15,510,661$17,794,482
64$20,703,511$16,986,836$16,001,093$18,875,001
65$22,785,175$17,789,097$16,507,036$20,035,485
66$25,078,221$18,629,721$17,028,980$21,282,791
67$27,604,180$19,510,558$17,567,431$22,624,414
68$30,386,778$20,433,547$18,122,912$24,068,557
69$33,452,161$21,400,722$18,695,961$25,624,193
70$36,829,140$22,414,216$19,287,134$27,301,146
71$40,549,463$23,476,263$19,897,004$29,110,170
72$44,648,118$24,589,210$20,526,163$31,063,047
73$49,163,657$25,755,513$21,175,221$33,172,681
74$54,138,567$26,977,749$21,844,808$35,453,216
75$59,619,665$28,258,623$22,535,572$37,920,153
76$65,658,541$29,600,966$23,248,185$40,590,488
77$72,312,050$31,007,751$23,983,337$43,482,860
78$79,642,841$32,482,093$24,741,741$46,617,715
79$87,719,955$34,027,259$25,524,132$50,017,482
80$96,619,470$35,646,675$26,331,271$53,706,776
81$106,425,227$37,343,933$27,163,939$57,712,612
82$117,229,613$39,122,799$28,022,945$62,064,647
83$129,134,441$40,987,224$28,909,121$66,795,445
84$142,251,905$42,941,348$29,823,327$71,940,764
85$156,705,642$44,989,516$30,766,451$77,539,880
86$172,631,896$47,136,282$31,739,406$83,635,938
87$190,180,811$49,386,421$32,743,137$90,276,341
88$209,517,839$51,744,941$33,778,618$97,513,175
89$230,825,310$54,217,095$34,846,853$105,403,685
90$254,304,147$56,808,388$35,948,878$114,010,787
91$280,175,767$59,524,596$37,085,763$123,403,647
92$308,684,170$62,371,775$38,258,610$133,658,301
93$340,098,239$65,356,276$39,468,557$144,858,355
94$374,714,285$68,484,759$40,716,779$157,095,746
95$412,858,836$71,764,207$42,004,486$170,471,580
96$454,891,729$75,201,944$43,332,927$185,097,061
97$501,209,497$78,805,651$44,703,392$201,094,508
98$552,249,120$82,583,382$46,117,210$218,598,482
99$608,492,147$86,543,585$47,575,753$237,757,019
100$670,469,241$90,695,116$49,080,436$258,732,995