Can I retire at age 61 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,139,442
2 years$592,771$581,731$571,031$560,658$550,595$533,696
3 years$391,255$380,167$369,495$359,219$349,320$332,856
4 years$290,517$279,463$268,898$258,797$249,138$233,236
5 years$230,090$219,103$208,676$198,781$189,391$174,097
6 years$189,818$178,914$168,641$158,967$149,859$135,190
7 years$161,064$150,252$140,141$130,695$121,875$107,838
8 years$139,508$128,793$118,851$109,637$101,107$87,698
9 years$122,752$112,138$102,366$93,386$85,147$72,360
10 years$109,354$98,844$89,245$80,500$72,549$60,376
11 years$98,400$87,995$78,570$70,059$62,395$50,822
12 years$89,277$78,980$69,729$61,451$54,070$43,084
13 years$81,565$71,374$62,298$54,252$47,150$36,735
14 years$74,959$64,877$55,975$48,159$41,332$31,472
15 years$69,240$59,267$50,538$42,949$36,392$27,070
16 years$64,240$54,376$45,820$38,457$32,163$23,361
17 years$59,834$50,078$41,695$34,553$28,518$20,217
18 years$55,921$46,275$38,062$31,139$25,357$17,538
19 years$52,424$42,887$34,844$28,137$22,601$15,246
20 years$49,281$39,852$31,978$25,483$20,188$13,276
21 years$46,441$37,121$29,413$23,128$18,066$11,578
22 years$43,862$34,651$27,109$21,028$16,193$10,110
23 years$41,511$32,408$25,030$19,151$14,536$8,839
24 years$39,360$30,365$23,149$17,467$13,065$7,734
25 years$37,383$28,496$21,441$15,952$11,757$6,774
26 years$35,562$26,781$19,885$14,585$10,590$5,937
27 years$33,878$25,204$18,465$13,350$9,548$5,207
28 years$32,317$23,750$17,166$12,232$8,615$4,569
29 years$30,867$22,405$15,974$11,217$7,779$4,012
30 years$29,516$21,160$14,879$10,294$7,029$3,524
31 years$28,254$20,003$13,871$9,454$6,355$3,096
32 years$27,074$18,927$12,942$8,689$5,749$2,721
33 years$25,967$17,924$12,084$7,990$5,202$2,393
34 years$24,928$16,988$11,291$7,352$4,710$2,104
35 years$23,951$16,113$10,556$6,768$4,266$1,851
36 years$23,029$15,293$9,875$6,233$3,865$1,628
37 years$22,160$14,525$9,243$5,743$3,503$1,433
38 years$21,338$13,804$8,656$5,293$3,176$1,261
39 years$20,561$13,126$8,109$4,881$2,880$1,110
40 years$19,824$12,489$7,601$4,502$2,612$977
41 years$19,125$11,888$7,127$4,153$2,370$860
42 years$18,461$11,322$6,686$3,833$2,151$757
43 years$17,829$10,787$6,273$3,538$1,952$667
44 years$17,228$10,282$5,889$3,267$1,772$587
45 years$16,655$9,805$5,529$3,017$1,608$517
46 years$16,109$9,354$5,193$2,787$1,460$456
47 years$15,588$8,926$4,879$2,575$1,326$401
48 years$15,089$8,521$4,585$2,379$1,204$353
49 years$14,613$8,138$4,310$2,199$1,094$311
50 years$14,157$7,773$4,052$2,032$993$274

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,500,000, adding $6,431 every year, while hoping to spend $49,809 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: 64/7/29 Blend
60$14,500,000$14,500,000$14,500,000$14,500,000
61$15,985,634$15,217,134$14,992,384$16,884,664
62$17,563,172$15,909,777$15,441,632$18,187,454
63$19,299,950$16,634,690$15,904,261$19,604,386
64$21,212,157$17,393,402$16,380,666$21,151,661
65$23,317,633$18,187,515$16,871,254$22,842,099
66$25,636,035$19,018,707$17,376,445$24,689,813
67$28,189,025$19,888,738$17,896,670$26,710,339
68$31,000,470$20,799,450$18,432,373$28,920,780
69$34,096,671$21,752,777$18,984,011$31,339,964
70$37,506,612$22,750,743$19,552,055$33,988,621
71$41,262,226$23,795,469$20,136,989$36,889,576
72$45,398,706$24,889,181$20,739,312$40,067,962
73$49,954,831$26,034,207$21,359,535$43,551,454
74$54,973,333$27,232,992$21,998,189$47,370,528
75$60,501,299$28,488,095$22,655,815$51,558,745
76$66,590,620$29,802,200$23,332,973$56,153,066
77$73,298,475$31,178,119$24,030,238$61,194,199
78$80,687,872$32,618,800$24,748,204$66,726,976
79$88,828,246$34,127,332$25,487,480$72,800,777
80$97,796,110$35,706,954$26,248,693$79,469,993
81$107,675,778$37,361,060$27,032,490$86,794,530
82$118,560,163$39,093,208$27,839,534$94,840,380
83$130,551,651$40,907,127$28,670,510$103,680,233
84$143,763,070$42,806,726$29,526,122$113,394,160
85$158,318,750$44,796,102$30,407,094$124,070,370
86$174,355,702$46,879,552$31,314,172$135,806,031
87$192,024,910$49,061,576$32,248,123$148,708,191
88$211,492,752$51,346,894$33,209,736$162,894,776
89$232,942,575$53,740,454$34,199,824$178,495,703
90$256,576,423$56,247,442$35,219,224$195,654,104
91$282,616,945$58,873,293$36,268,795$214,527,664
92$311,309,497$61,623,708$37,349,423$235,290,112
93$342,924,457$64,504,661$38,462,020$258,132,853
94$377,759,776$67,522,414$39,607,522$283,266,767
95$416,143,794$70,683,533$40,786,894$310,924,197
96$458,438,336$73,994,901$42,001,130$341,361,134
97$505,042,129$77,463,734$43,251,252$374,859,630
98$556,394,567$81,097,597$44,538,309$411,730,450
99$612,979,854$84,904,421$45,863,384$452,316,001
100$675,331,582$88,892,521$47,227,590$496,993,559