Can I retire at age 61 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,139,607
2 years$588,682$577,719$567,093$556,791$546,798$538,058
3 years$388,557$377,546$366,947$356,741$346,911$338,371
4 years$288,513$277,536$267,043$257,012$247,420$239,145
5 years$228,503$217,592$207,237$197,410$188,085$180,100
6 years$188,509$177,680$167,478$157,870$148,825$141,140
7 years$159,953$149,215$139,175$129,794$121,035$113,653
8 years$138,546$127,905$118,031$108,881$100,410$93,332
9 years$121,905$111,364$101,660$92,742$84,560$77,783
10 years$108,600$98,162$88,630$79,945$72,049$65,570
11 years$97,721$87,388$78,028$69,576$61,965$55,779
12 years$88,662$78,435$69,248$61,027$53,697$47,799
13 years$81,002$70,882$61,869$53,878$46,825$41,208
14 years$74,442$64,430$55,589$47,827$41,047$35,704
15 years$68,762$58,858$50,190$42,653$36,141$31,065
16 years$63,797$54,001$45,504$38,191$31,941$27,125
17 years$59,421$49,733$41,407$34,315$28,321$23,756
18 years$55,535$45,955$37,799$30,924$25,182$20,860
19 years$52,063$42,591$34,603$27,943$22,445$18,358
20 years$48,941$39,578$31,757$25,308$20,048$16,187
21 years$46,120$36,865$29,211$22,968$17,941$14,297
22 years$43,560$34,412$26,922$20,883$16,082$12,646
23 years$41,225$32,185$24,858$19,019$14,436$11,200
24 years$39,088$30,155$22,989$17,346$12,975$9,931
25 years$37,125$28,299$21,293$15,842$11,676$8,814
26 years$35,316$26,597$19,748$14,485$10,517$7,829
27 years$33,644$25,031$18,338$13,258$9,482$6,960
28 years$32,094$23,586$17,047$12,147$8,556$6,192
29 years$30,654$22,251$15,864$11,139$7,726$5,511
30 years$29,312$21,014$14,777$10,223$6,981$4,909
31 years$28,059$19,865$13,776$9,389$6,311$4,374
32 years$26,887$18,796$12,853$8,629$5,709$3,899
33 years$25,788$17,800$12,001$7,935$5,167$3,477
34 years$24,756$16,871$11,213$7,301$4,678$3,101
35 years$23,785$16,002$10,483$6,721$4,237$2,767
36 years$22,871$15,188$9,807$6,190$3,839$2,470
37 years$22,007$14,425$9,179$5,703$3,479$2,205
38 years$21,191$13,709$8,596$5,257$3,154$1,969
39 years$20,419$13,036$8,053$4,847$2,860$1,758
40 years$19,687$12,402$7,548$4,471$2,594$1,570
41 years$18,993$11,806$7,078$4,125$2,354$1,403
42 years$18,333$11,244$6,639$3,807$2,136$1,253
43 years$17,706$10,713$6,230$3,514$1,938$1,120
44 years$17,109$10,212$5,848$3,245$1,759$1,001
45 years$16,540$9,738$5,491$2,996$1,597$895
46 years$15,998$9,289$5,157$2,768$1,450$800
47 years$15,480$8,865$4,845$2,557$1,317$715
48 years$14,985$8,463$4,553$2,363$1,196$639
49 years$14,512$8,081$4,280$2,184$1,086$571
50 years$14,059$7,720$4,024$2,018$987$511

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,400,000, adding $6,772 every year, while hoping to spend $57,562 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: 86/8/6 Blend
60$14,400,000$14,400,000$14,400,000$14,400,000
61$15,875,785$15,112,585$14,889,385$17,236,684
62$17,433,870$15,791,856$15,326,934$18,803,839
63$19,148,950$16,502,483$15,777,212$20,516,992
64$21,036,978$17,245,940$16,240,584$22,397,625
65$23,115,532$18,023,773$16,717,426$24,462,550
66$25,403,982$18,837,603$17,208,125$26,730,282
67$27,923,669$19,689,127$17,713,078$29,221,217
68$30,698,112$20,580,122$18,232,694$31,957,816
69$33,753,224$21,512,453$18,767,394$34,964,823
70$37,117,560$22,488,071$19,317,609$38,269,488
71$40,822,586$23,509,021$19,883,784$41,901,834
72$44,902,974$24,577,448$20,466,376$45,894,927
73$49,396,931$25,695,597$21,065,853$50,285,196
74$54,346,559$26,865,821$21,682,699$55,112,766
75$59,798,249$28,090,587$22,317,411$60,421,845
76$65,803,124$29,372,480$22,970,498$66,261,130
77$72,417,519$30,714,207$23,642,485$72,684,271
78$79,703,509$32,118,607$24,333,912$79,750,370
79$87,729,502$33,588,654$25,045,333$87,524,542
80$96,570,877$35,127,464$25,777,318$96,078,524
81$106,310,702$36,738,305$26,530,453$105,491,350
82$117,040,510$38,424,599$27,305,340$115,850,094
83$128,861,172$40,189,934$28,102,599$127,250,692
84$141,883,841$42,038,070$28,922,865$139,798,843
85$156,231,005$43,972,948$29,766,794$153,611,002
86$172,037,643$45,998,697$30,635,057$168,815,479
87$189,452,497$48,119,648$31,528,346$185,553,648
88$208,639,477$50,340,336$32,447,370$203,981,274
89$229,779,207$52,665,516$33,392,861$224,269,983
90$253,070,734$55,100,174$34,365,569$246,608,880
91$278,733,398$57,649,532$35,366,265$271,206,326
92$307,008,912$60,319,066$36,395,742$298,291,905
93$338,163,636$63,114,516$37,454,815$328,118,586
94$372,491,097$66,041,897$38,544,321$360,965,106
95$410,314,754$69,107,514$39,665,121$397,138,596
96$451,991,055$72,317,979$40,818,099$436,977,482
97$497,912,801$75,680,218$42,004,163$480,854,664
98$548,512,853$79,201,495$43,224,249$529,181,043
99$604,268,218$82,889,422$44,479,315$582,409,387
100$665,704,552$86,751,980$45,770,349$641,038,602