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%17.8%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,119,686
2 years$592,771$581,731$571,031$560,658$550,595$514,089
3 years$391,255$380,167$369,495$359,219$349,320$314,017
4 years$290,517$279,463$268,898$258,797$249,138$215,309
5 years$230,090$219,103$208,676$198,781$189,391$157,126
6 years$189,818$178,914$168,641$158,967$149,859$119,186
7 years$161,064$150,252$140,141$130,695$121,875$92,791
8 years$139,508$128,793$118,851$109,637$101,107$73,593
9 years$122,752$112,138$102,366$93,386$85,147$59,171
10 years$109,354$98,844$89,245$80,500$72,549$48,074
11 years$98,400$87,995$78,570$70,059$62,395$39,375
12 years$89,277$78,980$69,729$61,451$54,070$32,456
13 years$81,565$71,374$62,298$54,252$47,150$26,890
14 years$74,959$64,877$55,975$48,159$41,332$22,371
15 years$69,240$59,267$50,538$42,949$36,392$18,674
16 years$64,240$54,376$45,820$38,457$32,163$15,631
17 years$59,834$50,078$41,695$34,553$28,518$13,114
18 years$55,921$46,275$38,062$31,139$25,357$11,022
19 years$52,424$42,887$34,844$28,137$22,601$9,279
20 years$49,281$39,852$31,978$25,483$20,188$7,822
21 years$46,441$37,121$29,413$23,128$18,066$6,601
22 years$43,862$34,651$27,109$21,028$16,193$5,576
23 years$41,511$32,408$25,030$19,151$14,536$4,713
24 years$39,360$30,365$23,149$17,467$13,065$3,987
25 years$37,383$28,496$21,441$15,952$11,757$3,374
26 years$35,562$26,781$19,885$14,585$10,590$2,857
27 years$33,878$25,204$18,465$13,350$9,548$2,420
28 years$32,317$23,750$17,166$12,232$8,615$2,051
29 years$30,867$22,405$15,974$11,217$7,779$1,738
30 years$29,516$21,160$14,879$10,294$7,029$1,474
31 years$28,254$20,003$13,871$9,454$6,355$1,249
32 years$27,074$18,927$12,942$8,689$5,749$1,060
33 years$25,967$17,924$12,084$7,990$5,202$899
34 years$24,928$16,988$11,291$7,352$4,710$762
35 years$23,951$16,113$10,556$6,768$4,266$647
36 years$23,029$15,293$9,875$6,233$3,865$549
37 years$22,160$14,525$9,243$5,743$3,503$466
38 years$21,338$13,804$8,656$5,293$3,176$395
39 years$20,561$13,126$8,109$4,881$2,880$335
40 years$19,824$12,489$7,601$4,502$2,612$285
41 years$19,125$11,888$7,127$4,153$2,370$242
42 years$18,461$11,322$6,686$3,833$2,151$205
43 years$17,829$10,787$6,273$3,538$1,952$174
44 years$17,228$10,282$5,889$3,267$1,772$148
45 years$16,655$9,805$5,529$3,017$1,608$125
46 years$16,109$9,354$5,193$2,787$1,460$106
47 years$15,588$8,926$4,879$2,575$1,326$90
48 years$15,089$8,521$4,585$2,379$1,204$77
49 years$14,613$8,138$4,310$2,199$1,094$65
50 years$14,157$7,773$4,052$2,032$993$55

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 $5,973 every year, while hoping to spend $38,525 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: 38/45/17 Blend
60$14,500,000$14,500,000$14,500,000$14,500,000
61$15,985,161$15,216,661$14,991,911$16,510,565
62$17,574,657$15,921,287$15,453,150$17,592,974
63$19,324,991$16,659,149$15,928,549$18,757,863
64$21,252,527$17,431,834$16,418,542$20,015,961
65$23,375,297$18,241,006$16,923,576$21,375,686
66$25,713,173$19,088,411$17,444,111$22,846,262
67$28,288,051$19,975,878$17,980,623$24,437,806
68$31,124,058$20,905,322$18,533,600$26,161,412
69$34,247,783$21,878,754$19,103,547$28,029,252
70$37,688,523$22,898,279$19,690,982$30,054,680
71$41,478,565$23,966,107$20,296,442$32,252,352
72$45,653,483$25,084,551$20,920,478$34,638,356
73$50,252,483$26,256,038$21,563,658$37,230,354
74$55,318,764$27,483,112$22,226,569$40,047,741
75$60,899,933$28,768,439$22,909,813$43,111,817
76$67,048,448$30,114,815$23,614,014$46,445,979
77$73,822,119$31,525,170$24,339,813$50,075,931
78$81,284,648$33,002,577$25,087,870$54,029,916
79$89,506,235$34,550,255$25,858,866$58,338,971
80$98,564,235$36,171,582$26,653,502$63,037,206
81$108,543,896$37,870,098$27,472,503$68,162,117
82$119,539,153$39,649,513$28,316,612$73,754,925
83$131,653,527$41,513,719$29,186,599$79,860,950
84$145,001,090$43,466,794$30,083,253$86,530,027
85$159,707,549$45,513,016$31,007,390$93,816,959
86$175,911,433$47,656,867$31,959,851$101,782,020
87$193,765,394$49,903,049$32,941,502$110,491,507
88$213,437,657$52,256,490$33,953,234$120,018,349
89$235,113,597$54,722,358$34,995,967$130,442,774
90$258,997,501$57,306,071$36,070,649$141,853,053
91$285,314,486$60,013,308$37,178,256$154,346,311
92$314,312,630$62,850,026$38,319,793$168,029,420
93$346,265,310$65,822,469$39,496,298$183,019,990
94$381,473,786$68,937,185$40,708,839$199,447,455
95$420,270,044$72,201,039$41,958,517$217,454,272
96$463,019,927$75,621,228$43,246,465$237,197,238
97$510,126,592$79,205,300$44,573,854$258,848,948
98$562,034,313$82,961,169$45,941,887$282,599,394
99$619,232,678$86,897,131$47,351,805$308,657,731
100$682,261,209$91,021,889$48,804,888$337,254,220