Can I retire at age 61 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,124,190
2 years$584,594$573,707$563,155$552,924$543,001$526,799
3 years$385,858$374,924$364,399$354,264$344,502$328,715
4 years$286,510$275,609$265,189$255,227$245,702$230,450
5 years$226,916$216,081$205,797$196,039$186,779$172,107
6 years$187,200$176,446$166,315$156,774$147,792$133,718
7 years$158,843$148,179$138,208$128,893$120,194$106,723
8 years$137,584$127,017$117,212$108,125$99,713$86,842
9 years$121,058$110,591$100,954$92,098$83,972$71,696
10 years$107,846$97,481$88,014$79,390$71,549$59,858
11 years$97,042$86,781$77,486$69,093$61,534$50,417
12 years$88,046$77,890$68,767$60,604$53,324$42,768
13 years$80,440$70,390$61,439$53,504$46,500$36,490
14 years$73,925$63,982$55,203$47,495$40,761$31,283
15 years$68,285$58,449$49,841$42,357$35,890$26,926
16 years$63,354$53,626$45,188$37,926$31,719$23,253
17 years$59,008$49,388$41,120$34,076$28,125$20,138
18 years$55,150$45,636$37,537$30,710$25,007$17,482
19 years$51,701$42,295$34,363$27,749$22,289$15,208
20 years$48,601$39,303$31,537$25,132$19,909$13,253
21 years$45,800$36,609$29,008$22,809$17,817$11,566
22 years$43,257$34,173$26,735$20,738$15,970$10,108
23 years$40,939$31,961$24,685$18,887$14,336$8,843
24 years$38,817$29,946$22,830$17,226$12,885$7,745
25 years$36,868$28,103$21,145$15,732$11,595$6,788
26 years$35,071$26,412$19,611$14,384$10,444$5,954
27 years$33,411$24,857$18,210$13,166$9,416$5,226
28 years$31,872$23,422$16,929$12,063$8,496$4,590
29 years$30,441$22,096$15,754$11,062$7,672$4,033
30 years$29,109$20,868$14,674$10,152$6,932$3,545
31 years$27,864$19,727$13,680$9,324$6,267$3,118
32 years$26,700$18,666$12,764$8,569$5,669$2,743
33 years$25,609$17,677$11,918$7,880$5,131$2,413
34 years$24,584$16,753$11,135$7,250$4,645$2,124
35 years$23,620$15,890$10,411$6,674$4,207$1,870
36 years$22,712$15,082$9,739$6,147$3,812$1,647
37 years$21,854$14,325$9,115$5,663$3,455$1,450
38 years$21,044$13,614$8,536$5,220$3,132$1,277
39 years$20,277$12,945$7,997$4,813$2,840$1,125
40 years$19,550$12,316$7,496$4,440$2,576$991
41 years$18,861$11,724$7,029$4,096$2,337$874
42 years$18,206$11,165$6,593$3,780$2,121$770
43 years$17,583$10,638$6,187$3,490$1,925$678
44 years$16,990$10,141$5,808$3,222$1,747$598
45 years$16,426$9,670$5,453$2,976$1,586$527
46 years$15,887$9,225$5,122$2,749$1,440$465
47 years$15,373$8,803$4,812$2,539$1,308$410
48 years$14,881$8,404$4,522$2,346$1,188$361
49 years$14,411$8,025$4,250$2,169$1,079$318
50 years$13,962$7,666$3,996$2,004$980$281

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,300,000, adding $4,774 every year, while hoping to spend $48,590 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: 30/45/25 Blend
60$14,300,000$14,300,000$14,300,000$14,300,000
61$15,763,524$15,005,624$14,783,974$16,114,335
62$17,319,704$15,689,201$15,227,538$17,069,552
63$19,032,986$16,404,644$15,684,333$18,091,811
64$20,919,343$17,153,463$16,154,750$19,190,568
65$22,996,376$17,937,243$16,639,194$20,372,491
66$25,283,478$18,757,640$17,138,079$21,644,885
67$27,802,022$19,616,392$17,651,833$23,015,743
68$30,575,555$20,515,323$18,180,896$24,493,826
69$33,630,027$21,456,339$18,725,722$26,088,730
70$36,994,031$22,441,441$19,286,775$27,810,973
71$40,699,077$23,472,726$19,864,537$29,672,086
72$44,779,885$24,552,392$20,459,501$31,684,712
73$49,274,714$25,682,740$21,072,175$33,862,719
74$54,225,726$26,866,185$21,703,084$36,221,319
75$59,679,377$28,105,256$22,352,765$38,777,205
76$65,686,864$29,402,604$23,021,773$41,548,697
77$72,304,601$30,761,008$23,710,679$44,555,905
78$79,594,754$32,183,381$24,420,070$47,820,908
79$87,625,827$33,672,775$25,150,551$51,367,950
80$96,473,311$35,232,390$25,902,743$55,223,661
81$106,220,391$36,865,580$26,677,288$59,417,290
82$116,958,739$38,575,861$27,474,845$63,980,974
83$128,789,370$40,366,918$28,296,092$68,950,023
84$141,823,601$42,242,613$29,141,727$74,363,243
85$156,184,102$44,206,995$30,012,468$80,263,286
86$172,006,051$46,264,308$30,909,057$86,697,036
87$189,438,411$48,419,001$31,832,252$93,716,037
88$208,645,335$50,675,738$32,782,839$101,376,962
89$229,807,718$53,039,408$33,761,623$109,742,132
90$253,124,901$55,515,135$34,769,433$118,880,083
91$278,816,557$58,108,292$35,807,125$128,866,194
92$307,124,757$60,824,511$36,875,575$139,783,382
93$338,316,266$63,669,695$37,975,690$151,722,857
94$372,685,048$66,650,034$39,108,399$164,784,970
95$410,555,053$69,772,015$40,274,661$179,080,126
96$452,283,267$73,042,442$41,475,460$194,729,811
97$498,263,084$76,468,445$42,711,811$211,867,711
98$548,928,020$80,057,501$43,984,759$230,640,944
99$604,755,806$83,817,446$45,295,376$251,211,427
100$666,272,895$87,756,498$46,644,768$273,757,369