Can I retire at age 61 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,105,853
2 years$580,506$569,695$559,217$549,058$539,204$512,681
3 years$383,160$372,302$361,850$351,787$342,093$316,351
4 years$284,506$273,681$263,334$253,443$243,984$219,221
5 years$225,329$214,569$204,358$194,668$185,472$161,758
6 years$185,891$175,212$165,152$155,678$146,758$124,117
7 years$157,732$147,143$137,242$127,991$119,354$97,789
8 years$136,622$126,129$116,392$107,369$99,015$78,518
9 years$120,212$109,818$100,248$91,454$83,385$63,940
10 years$107,092$96,799$87,399$78,834$71,048$52,633
11 years$96,364$86,174$76,945$68,610$61,104$43,694
12 years$87,430$77,345$68,286$60,180$52,951$36,517
13 years$79,877$69,898$61,009$53,130$46,175$30,686
14 years$73,408$63,535$54,817$47,163$40,476$25,901
15 years$67,807$58,040$49,493$42,061$35,639$21,942
16 years$62,911$53,251$44,872$37,661$31,498$18,645
17 years$58,596$49,042$40,832$33,838$27,928$15,884
18 years$54,764$45,317$37,274$30,495$24,832$13,560
19 years$51,339$41,999$34,123$27,555$22,133$11,597
20 years$48,261$39,028$31,316$24,956$19,770$9,933
21 years$45,480$36,353$28,805$22,649$17,692$8,519
22 years$42,955$33,934$26,548$20,593$15,858$7,315
23 years$40,653$31,738$24,513$18,755$14,235$6,286
24 years$38,545$29,736$22,670$17,105$12,795$5,406
25 years$36,610$27,906$20,997$15,622$11,514$4,653
26 years$34,826$26,227$19,474$14,284$10,371$4,007
27 years$33,177$24,683$18,083$13,074$9,350$3,453
28 years$31,649$23,259$16,810$11,979$8,437$2,976
29 years$30,228$21,942$15,644$10,985$7,618$2,566
30 years$28,905$20,722$14,571$10,081$6,884$2,214
31 years$27,670$19,589$13,584$9,259$6,224$1,910
32 years$26,514$18,535$12,675$8,509$5,630$1,648
33 years$25,430$17,553$11,834$7,825$5,095$1,423
34 years$24,412$16,636$11,057$7,200$4,613$1,228
35 years$23,455$15,779$10,338$6,628$4,178$1,061
36 years$22,553$14,977$9,671$6,104$3,785$916
37 years$21,701$14,225$9,052$5,624$3,431$791
38 years$20,897$13,518$8,476$5,184$3,110$683
39 years$20,135$12,855$7,942$4,780$2,821$590
40 years$19,414$12,230$7,444$4,408$2,558$510
41 years$18,729$11,642$6,980$4,067$2,321$441
42 years$18,079$11,087$6,547$3,754$2,106$381
43 years$17,460$10,564$6,144$3,465$1,911$329
44 years$16,872$10,070$5,767$3,199$1,735$284
45 years$16,311$9,602$5,415$2,955$1,575$246
46 years$15,776$9,160$5,086$2,729$1,430$212
47 years$15,265$8,742$4,778$2,522$1,299$183
48 years$14,777$8,345$4,490$2,330$1,179$158
49 years$14,311$7,969$4,220$2,153$1,071$137
50 years$13,864$7,612$3,968$1,990$973$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,200,000, adding $2,313 every year, while hoping to spend $37,788 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: 43/49/8 Blend
60$14,200,000$14,200,000$14,200,000$14,200,000
61$15,650,786$14,898,186$14,678,086$16,287,514
62$17,206,960$15,587,991$15,129,596$17,419,825
63$18,920,597$16,310,330$15,594,964$18,641,704
64$20,807,719$17,066,757$16,074,617$19,964,497
65$22,885,980$17,858,901$16,568,990$21,397,442
66$25,174,833$18,688,471$17,078,534$22,950,672
67$27,695,716$19,557,256$17,603,715$24,635,304
68$30,472,250$20,467,132$18,145,010$26,463,537
69$33,530,464$21,420,067$18,702,913$28,448,756
70$36,899,043$22,418,122$19,277,933$30,605,654
71$40,609,594$23,463,458$19,870,592$32,950,365
72$44,696,947$24,558,342$20,481,431$35,500,601
73$49,199,483$25,705,148$21,111,006$38,275,818
74$54,159,496$26,906,366$21,759,890$41,297,383
75$59,623,593$28,164,606$22,428,675$44,588,773
76$65,643,132$29,482,605$23,117,969$48,175,781
77$72,274,710$30,863,230$23,828,398$52,086,751
78$79,580,691$32,309,489$24,560,611$56,352,837
79$87,629,802$33,824,535$25,315,272$61,008,280
80$96,497,777$35,411,673$26,093,069$66,090,723
81$106,268,072$37,074,366$26,894,708$71,641,552
82$117,032,654$38,816,249$27,720,920$77,706,274
83$128,892,869$40,641,129$28,572,454$84,334,932
84$141,960,396$42,552,999$29,450,086$91,582,565
85$156,358,305$44,556,044$30,354,613$99,509,707
86$172,222,216$46,654,655$31,286,856$108,182,947
87$189,701,581$48,853,431$32,247,664$117,675,539
88$208,961,090$51,157,197$33,237,909$128,068,077
89$230,182,233$53,571,012$34,258,491$139,449,234
90$253,565,006$56,100,177$35,310,336$151,916,584
91$279,329,804$58,750,253$36,394,399$165,577,500
92$307,719,498$61,527,069$37,511,666$180,550,147
93$339,001,730$64,436,739$38,663,150$196,964,576
94$373,471,437$67,485,669$39,849,896$214,963,926
95$411,453,637$70,680,581$41,072,981$234,705,754
96$453,306,498$74,028,518$42,333,515$256,363,493
97$499,424,714$77,536,870$43,632,641$280,128,067
98$550,243,239$81,213,380$44,971,539$306,209,661
99$606,241,385$85,066,172$46,351,421$334,839,677
100$667,947,352$89,103,760$47,773,540$366,272,890