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%15.1%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,124,173
2 years$588,682$577,719$567,093$556,791$546,798$522,628
3 years$388,557$377,546$366,947$356,741$346,911$323,428
4 years$288,513$277,536$267,043$257,012$247,420$224,805
5 years$228,503$217,592$207,237$197,410$188,085$166,402
6 years$188,509$177,680$167,478$157,870$148,825$128,098
7 years$159,953$149,215$139,175$129,794$121,035$101,268
8 years$138,546$127,905$118,031$108,881$100,410$81,596
9 years$121,905$111,364$101,660$92,742$84,560$66,686
10 years$108,600$98,162$88,630$79,945$72,049$55,098
11 years$97,721$87,388$78,028$69,576$61,965$45,915
12 years$88,662$78,435$69,248$61,027$53,697$38,524
13 years$81,002$70,882$61,869$53,878$46,825$32,502
14 years$74,442$64,430$55,589$47,827$41,047$27,546
15 years$68,762$58,858$50,190$42,653$36,141$23,434
16 years$63,797$54,001$45,504$38,191$31,941$19,997
17 years$59,421$49,733$41,407$34,315$28,321$17,109
18 years$55,535$45,955$37,799$30,924$25,182$14,671
19 years$52,063$42,591$34,603$27,943$22,445$12,603
20 years$48,941$39,578$31,757$25,308$20,048$10,844
21 years$46,120$36,865$29,211$22,968$17,941$9,343
22 years$43,560$34,412$26,922$20,883$16,082$8,059
23 years$41,225$32,185$24,858$19,019$14,436$6,959
24 years$39,088$30,155$22,989$17,346$12,975$6,013
25 years$37,125$28,299$21,293$15,842$11,676$5,200
26 years$35,316$26,597$19,748$14,485$10,517$4,500
27 years$33,644$25,031$18,338$13,258$9,482$3,896
28 years$32,094$23,586$17,047$12,147$8,556$3,375
29 years$30,654$22,251$15,864$11,139$7,726$2,924
30 years$29,312$21,014$14,777$10,223$6,981$2,535
31 years$28,059$19,865$13,776$9,389$6,311$2,198
32 years$26,887$18,796$12,853$8,629$5,709$1,907
33 years$25,788$17,800$12,001$7,935$5,167$1,654
34 years$24,756$16,871$11,213$7,301$4,678$1,435
35 years$23,785$16,002$10,483$6,721$4,237$1,246
36 years$22,871$15,188$9,807$6,190$3,839$1,081
37 years$22,007$14,425$9,179$5,703$3,479$938
38 years$21,191$13,709$8,596$5,257$3,154$815
39 years$20,419$13,036$8,053$4,847$2,860$707
40 years$19,687$12,402$7,548$4,471$2,594$614
41 years$18,993$11,806$7,078$4,125$2,354$533
42 years$18,333$11,244$6,639$3,807$2,136$463
43 years$17,706$10,713$6,230$3,514$1,938$402
44 years$17,109$10,212$5,848$3,245$1,759$349
45 years$16,540$9,738$5,491$2,996$1,597$304
46 years$15,998$9,289$5,157$2,768$1,450$264
47 years$15,480$8,865$4,845$2,557$1,317$229
48 years$14,985$8,463$4,553$2,363$1,196$199
49 years$14,512$8,081$4,280$2,184$1,086$173
50 years$14,059$7,720$4,024$2,018$987$150

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 $6,905 every year, while hoping to spend $52,331 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: 77/18/5 Blend
60$14,400,000$14,400,000$14,400,000$14,400,000
61$15,875,923$15,112,723$14,889,523$17,093,721
62$17,439,587$15,797,566$15,332,642$18,578,355
63$19,160,991$16,514,213$15,788,852$20,198,084
64$21,056,169$17,264,167$16,258,535$21,972,256
65$23,142,789$18,049,002$16,742,087$23,916,183
66$25,440,320$18,870,369$17,239,913$26,046,717
67$27,970,213$19,729,998$17,752,431$28,382,409
68$30,756,107$20,629,700$18,280,070$30,943,681
69$33,824,050$21,571,375$18,823,272$33,753,018
70$37,202,744$22,557,013$19,382,492$36,835,175
71$40,923,816$23,588,699$19,958,198$40,217,407
72$45,022,120$24,668,620$20,550,872$43,929,725
73$49,536,058$25,799,065$21,161,008$48,005,174
74$54,507,952$26,982,434$21,789,118$52,480,146
75$59,984,434$28,221,244$22,435,724$57,394,712
76$66,016,892$29,518,131$23,101,366$62,793,003
77$72,661,953$30,875,858$23,786,601$68,723,620
78$79,982,018$32,297,320$24,491,997$75,240,088
79$88,045,848$33,785,554$25,218,144$82,401,359
80$96,929,218$35,343,739$25,965,645$90,272,362
81$106,715,626$36,975,210$26,735,122$98,924,610
82$117,497,086$38,683,461$27,527,214$108,436,875
83$129,374,993$40,472,156$28,342,581$118,895,921
84$142,461,084$42,345,132$29,181,898$130,397,318
85$156,878,485$44,306,415$30,045,863$143,046,344
86$172,762,882$46,360,221$30,935,191$156,958,964
87$190,263,795$48,510,971$31,850,619$172,262,928
88$209,545,994$50,763,299$32,792,906$189,098,961
89$230,791,048$53,122,064$33,762,831$207,622,091
90$254,199,045$55,592,356$34,761,196$228,003,105
91$279,990,479$58,179,512$35,788,827$250,430,150
92$308,408,327$60,889,128$36,846,573$275,110,504
93$339,720,349$63,727,067$37,935,305$302,272,523
94$374,221,610$66,699,479$39,055,923$332,167,790
95$412,237,267$69,812,807$40,209,350$365,073,479
96$454,125,641$73,073,807$41,396,536$401,294,964
97$500,281,595$76,489,561$42,618,458$441,168,690
98$551,140,262$80,067,494$43,876,121$485,065,342
99$607,181,157$83,815,390$45,170,559$533,393,327
100$668,932,697$87,741,407$46,502,835$586,602,627