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%16%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,127,841
2 years$592,771$581,731$571,031$560,658$550,595$522,148
3 years$391,255$380,167$369,495$359,219$349,320$321,725
4 years$290,517$279,463$268,898$258,797$249,138$222,608
5 years$230,090$219,103$208,676$198,781$189,391$163,999
6 years$189,818$178,914$168,641$158,967$149,859$125,630
7 years$161,064$150,252$140,141$130,695$121,875$98,813
8 years$139,508$128,793$118,851$109,637$101,107$79,202
9 years$122,752$112,138$102,366$93,386$85,147$64,380
10 years$109,354$98,844$89,245$80,500$72,549$52,897
11 years$98,400$87,995$78,570$70,059$62,395$43,829
12 years$89,277$78,980$69,729$61,451$54,070$36,559
13 years$81,565$71,374$62,298$54,252$47,150$30,659
14 years$74,959$64,877$55,975$48,159$41,332$25,825
15 years$69,240$59,267$50,538$42,949$36,392$21,832
16 years$64,240$54,376$45,820$38,457$32,163$18,512
17 years$59,834$50,078$41,695$34,553$28,518$15,736
18 years$55,921$46,275$38,062$31,139$25,357$13,404
19 years$52,424$42,887$34,844$28,137$22,601$11,438
20 years$49,281$39,852$31,978$25,483$20,188$9,775
21 years$46,441$37,121$29,413$23,128$18,066$8,364
22 years$43,862$34,651$27,109$21,028$16,193$7,165
23 years$41,511$32,408$25,030$19,151$14,536$6,143
24 years$39,360$30,365$23,149$17,467$13,065$5,271
25 years$37,383$28,496$21,441$15,952$11,757$4,526
26 years$35,562$26,781$19,885$14,585$10,590$3,888
27 years$33,878$25,204$18,465$13,350$9,548$3,342
28 years$32,317$23,750$17,166$12,232$8,615$2,873
29 years$30,867$22,405$15,974$11,217$7,779$2,472
30 years$29,516$21,160$14,879$10,294$7,029$2,127
31 years$28,254$20,003$13,871$9,454$6,355$1,830
32 years$27,074$18,927$12,942$8,689$5,749$1,576
33 years$25,967$17,924$12,084$7,990$5,202$1,357
34 years$24,928$16,988$11,291$7,352$4,710$1,168
35 years$23,951$16,113$10,556$6,768$4,266$1,006
36 years$23,029$15,293$9,875$6,233$3,865$867
37 years$22,160$14,525$9,243$5,743$3,503$747
38 years$21,338$13,804$8,656$5,293$3,176$643
39 years$20,561$13,126$8,109$4,881$2,880$554
40 years$19,824$12,489$7,601$4,502$2,612$478
41 years$19,125$11,888$7,127$4,153$2,370$412
42 years$18,461$11,322$6,686$3,833$2,151$355
43 years$17,829$10,787$6,273$3,538$1,952$306
44 years$17,228$10,282$5,889$3,267$1,772$264
45 years$16,655$9,805$5,529$3,017$1,608$227
46 years$16,109$9,354$5,193$2,787$1,460$196
47 years$15,588$8,926$4,879$2,575$1,326$169
48 years$15,089$8,521$4,585$2,379$1,204$145
49 years$14,613$8,138$4,310$2,199$1,094$125
50 years$14,157$7,773$4,052$2,032$993$108

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 $6,094 every year, while hoping to spend $44,085 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: 58/21/21 Blend
60$14,500,000$14,500,000$14,500,000$14,500,000
61$15,985,286$15,216,786$14,992,036$16,822,577
62$17,568,879$15,915,502$15,447,363$18,091,557
63$19,312,521$16,646,978$15,916,466$19,469,085
64$21,232,490$17,412,773$16,399,760$20,969,957
65$23,346,725$18,214,519$16,897,672$22,606,093
66$25,674,989$19,053,929$17,410,643$24,390,596
67$28,239,064$19,932,797$17,939,125$26,337,883
68$31,062,949$20,853,004$18,483,586$28,463,809
69$34,173,090$21,816,522$19,044,507$30,785,816
70$37,598,631$22,825,417$19,622,383$33,323,094
71$41,371,682$23,881,854$20,217,724$36,096,755
72$45,527,632$24,988,103$20,831,056$39,130,031
73$50,105,474$26,146,543$21,462,920$42,448,488
74$55,148,177$27,359,669$22,113,873$46,080,260
75$60,703,092$28,630,094$22,784,489$50,056,312
76$66,822,398$29,960,558$23,475,359$54,410,728
77$73,563,591$31,353,935$24,187,093$59,181,022
78$80,990,034$32,813,234$24,920,316$64,408,491
79$89,171,547$34,341,612$25,675,676$70,138,598
80$98,185,071$35,942,377$26,453,838$76,421,395
81$108,115,392$37,618,997$27,255,485$83,311,984
82$119,055,942$39,375,108$28,081,324$90,871,040
83$131,109,682$41,214,522$28,932,082$99,165,367
84$144,390,068$43,141,232$29,808,506$108,268,525
85$159,022,131$45,159,429$30,711,366$118,261,519
86$175,143,649$47,273,501$31,641,458$129,233,550
87$192,906,451$49,488,053$32,599,597$141,282,854
88$212,477,851$51,807,909$33,586,625$154,517,616
89$234,042,225$54,238,130$34,603,410$169,056,985
90$257,802,751$56,784,017$35,650,843$185,032,187
91$283,983,329$59,451,132$36,729,844$202,587,755
92$312,830,695$62,245,303$37,841,360$221,882,881
93$344,616,745$65,172,642$38,986,365$243,092,909
94$379,641,108$68,239,557$40,165,863$266,410,980
95$418,233,970$71,452,764$41,380,889$292,049,838
96$460,759,192$74,819,307$42,632,505$320,243,834
97$507,617,746$78,346,569$43,921,810$351,251,117
98$559,251,497$82,042,292$45,249,932$385,356,059
99$616,147,378$85,914,592$46,618,033$422,871,931
100$678,841,984$89,971,981$48,027,311$464,143,836