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%17.7%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,089,235
2 years$576,418$565,683$555,279$545,191$535,407$500,338
3 years$380,462$369,680$359,302$349,309$339,684$305,765
4 years$282,503$271,754$261,480$251,658$242,265$209,756
5 years$223,742$213,058$202,919$193,297$184,166$153,155
6 years$184,582$173,978$163,989$154,581$145,725$116,237
7 years$156,621$146,107$136,275$127,090$118,513$90,547
8 years$135,660$125,240$115,572$106,613$98,318$71,856
9 years$119,365$109,044$99,543$90,810$82,798$57,810
10 years$106,337$96,117$86,783$78,279$70,548$46,997
11 years$95,685$85,567$76,403$68,126$60,674$38,517
12 years$86,815$76,801$67,805$59,756$52,579$31,771
13 years$79,315$69,405$60,580$52,756$45,849$26,340
14 years$72,892$63,088$54,431$46,831$40,191$21,928
15 years$67,330$57,632$49,144$41,765$35,388$18,317
16 years$62,468$52,876$44,556$37,396$31,276$15,344
17 years$58,183$48,697$40,544$33,600$27,731$12,882
18 years$54,378$44,998$37,012$30,280$24,657$10,836
19 years$50,978$41,704$33,883$27,361$21,978$9,129
20 years$47,921$38,753$31,096$24,780$19,631$7,702
21 years$45,160$36,097$28,602$22,490$17,567$6,504
22 years$42,652$33,695$26,361$20,448$15,747$5,498
23 years$40,366$31,514$24,340$18,623$14,135$4,651
24 years$38,274$29,527$22,510$16,985$12,705$3,938
25 years$36,352$27,710$20,849$15,512$11,433$3,335
26 years$34,581$26,043$19,336$14,183$10,298$2,826
27 years$32,943$24,509$17,956$12,982$9,285$2,396
28 years$31,426$23,095$16,692$11,894$8,378$2,032
29 years$30,015$21,787$15,533$10,907$7,565$1,724
30 years$28,702$20,576$14,469$10,010$6,835$1,462
31 years$27,475$19,451$13,489$9,194$6,180$1,241
32 years$26,327$18,405$12,585$8,449$5,590$1,053
33 years$25,251$17,429$11,751$7,770$5,059$894
34 years$24,241$16,519$10,979$7,149$4,580$759
35 years$23,290$15,668$10,265$6,581$4,149$645
36 years$22,394$14,871$9,603$6,061$3,759$547
37 years$21,549$14,124$8,988$5,584$3,407$465
38 years$20,750$13,423$8,417$5,147$3,089$395
39 years$19,993$12,764$7,886$4,746$2,801$335
40 years$19,277$12,144$7,391$4,377$2,540$285
41 years$18,597$11,560$6,931$4,039$2,305$242
42 years$17,951$11,009$6,501$3,727$2,091$206
43 years$17,337$10,490$6,100$3,441$1,898$175
44 years$16,753$9,999$5,726$3,177$1,723$148
45 years$16,196$9,535$5,377$2,934$1,564$126
46 years$15,665$9,096$5,050$2,710$1,420$107
47 years$15,158$8,680$4,744$2,504$1,289$91
48 years$14,673$8,286$4,458$2,314$1,171$77
49 years$14,210$7,913$4,191$2,138$1,064$66
50 years$13,767$7,559$3,940$1,976$966$56

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 $4,456 every year, while hoping to spend $51,415 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: 52/21/27 Blend
60$14,100,000$14,100,000$14,100,000$14,100,000
61$15,542,796$14,795,496$14,576,946$16,233,235
62$17,073,456$15,465,771$15,010,569$17,383,312
63$18,758,521$16,167,165$15,456,995$18,628,128
64$20,613,684$16,901,150$15,916,598$19,981,280
65$22,656,240$17,669,267$16,389,765$21,453,122
66$24,905,246$18,473,131$16,876,891$23,055,043
67$27,381,700$19,314,433$17,378,386$24,799,561
68$30,108,740$20,194,946$17,894,668$26,700,443
69$33,111,862$21,116,529$18,426,170$28,772,831
70$36,419,161$22,081,129$18,973,336$31,033,377
71$40,061,597$23,090,785$19,536,624$33,500,398
72$44,073,283$24,147,637$20,116,504$36,194,046
73$48,491,811$25,253,924$20,713,461$39,136,491
74$53,358,605$26,411,996$21,327,991$42,352,127
75$58,719,312$27,624,313$21,960,608$45,867,798
76$64,624,233$28,893,455$22,611,839$49,713,042
77$71,128,795$30,222,125$23,282,226$53,920,369
78$78,294,078$31,613,155$23,972,326$58,525,561
79$86,187,390$33,069,515$24,682,715$63,568,002
80$94,882,900$34,594,318$25,413,983$69,091,043
81$104,462,340$36,190,825$26,166,736$75,142,410
82$115,015,778$37,862,453$26,941,600$81,774,642
83$126,642,461$39,612,788$27,739,218$89,045,581
84$139,451,761$41,445,583$28,560,251$97,018,913
85$153,564,201$43,364,777$29,405,379$105,764,760
86$169,112,592$45,374,494$30,275,302$115,360,333
87$186,243,292$47,479,060$31,170,740$125,890,655
88$205,117,582$49,683,008$32,092,434$137,449,350
89$225,913,190$51,991,090$33,041,145$150,139,525
90$248,825,969$54,408,286$34,017,657$164,074,727
91$274,071,744$56,939,819$35,022,775$179,380,008
92$301,888,353$59,591,161$36,057,329$196,193,095
93$332,537,886$62,368,049$37,122,171$214,665,679
94$366,309,165$65,276,498$38,218,178$234,964,837
95$403,520,466$68,322,812$39,346,252$257,274,593
96$444,522,523$71,513,600$40,507,322$281,797,648
97$489,701,844$74,855,790$41,702,341$308,757,280
98$539,484,354$78,356,645$42,932,291$338,399,433
99$594,339,416$82,023,780$44,198,181$370,995,032
100$654,784,267$85,865,174$45,501,050$406,842,522