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 $3,464 every year, while hoping to spend $41,545 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: 42/43/15 Blend
60$14,300,000$14,300,000$14,300,000$14,300,000
61$15,762,173$15,004,273$14,782,623$16,354,772
62$17,325,711$15,695,279$15,233,637$17,463,343
63$19,047,338$16,418,752$15,698,368$18,658,659
64$20,943,134$17,176,238$16,177,231$19,952,123
65$23,030,820$17,969,360$16,670,655$21,352,737
66$25,329,922$18,799,817$17,179,080$22,870,371
67$27,861,955$19,669,390$17,702,961$24,515,859
68$30,650,631$20,579,945$18,242,766$26,301,089
69$33,722,073$21,533,441$18,798,977$28,239,111
70$37,105,073$22,531,929$19,372,091$30,344,253
71$40,831,355$23,577,557$19,962,620$32,632,246
72$44,935,876$24,672,581$20,571,091$35,120,371
73$49,457,160$25,819,362$21,198,048$37,827,605
74$54,437,657$27,020,376$21,844,048$40,774,801
75$59,924,144$28,278,221$22,509,670$43,984,870
76$65,968,168$29,595,615$23,195,506$47,482,989
77$72,626,534$30,975,413$23,902,167$51,296,830
78$79,961,836$32,420,604$24,630,285$55,456,813
79$88,043,051$33,934,321$25,380,508$59,996,376
80$96,946,191$35,519,852$26,153,504$64,952,287
81$106,755,019$37,180,641$26,949,962$70,364,975
82$117,561,836$38,920,298$27,770,592$76,278,901
83$129,468,360$40,742,609$28,616,123$82,742,963
84$142,586,679$42,651,543$29,487,309$89,810,948
85$157,040,311$44,651,259$30,384,925$97,542,023
86$172,965,372$46,746,121$31,309,769$106,001,277
87$190,511,859$48,940,699$32,262,665$115,260,326
88$209,845,063$51,239,788$33,244,459$125,397,967
89$231,147,136$53,648,414$34,256,025$136,500,911
90$254,618,803$56,171,846$35,298,261$148,664,576
91$280,481,262$58,815,607$36,372,094$161,993,978
92$308,978,269$61,585,490$37,478,478$176,604,697
93$340,378,441$64,487,567$38,618,395$192,623,951
94$374,977,788$67,528,204$39,792,857$210,191,775
95$413,102,512$70,714,076$41,002,907$229,462,320
96$455,112,083$74,052,180$42,249,620$250,605,287
97$501,402,633$77,549,855$43,534,100$273,807,504
98$552,410,697$81,214,793$44,857,487$299,274,662
99$608,617,330$85,055,060$46,220,955$327,233,234
100$670,552,654$89,079,114$47,625,713$357,932,584