Can I retire at age 61 with 14,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,153,026
2 years$596,859$585,743$574,970$564,524$554,393$543,112
3 years$393,953$382,789$372,043$361,696$351,729$340,716
4 years$292,520$281,391$270,752$260,582$250,856$240,195
5 years$231,677$220,614$210,115$200,152$190,697$180,419
6 years$191,127$180,148$169,804$160,063$150,892$141,010
7 years$162,175$151,288$141,108$131,597$122,716$113,234
8 years$140,471$129,682$119,671$110,393$101,804$92,723
9 years$123,598$112,911$103,072$94,030$85,734$77,050
10 years$110,108$99,526$89,861$81,055$73,050$64,757
11 years$99,078$88,602$79,112$70,542$62,825$54,918
12 years$89,893$79,524$70,210$61,875$54,443$46,913
13 years$82,127$71,867$62,728$54,626$47,475$40,314
14 years$75,476$65,325$56,361$48,491$41,617$34,815
15 years$69,718$59,675$50,887$43,246$36,643$30,190
16 years$64,684$54,751$46,136$38,722$32,385$26,271
17 years$60,246$50,424$41,982$34,791$28,715$22,928
18 years$56,307$46,594$38,324$31,354$25,532$20,062
19 years$52,786$43,183$35,084$28,331$22,757$17,592
20 years$49,621$40,127$32,198$25,659$20,327$15,455
21 years$46,761$37,377$29,616$23,287$18,190$13,600
22 years$44,165$34,890$27,296$21,173$16,305$11,985
23 years$41,798$32,632$25,203$19,283$14,636$10,574
24 years$39,631$30,574$23,309$17,587$13,155$9,340
25 years$37,641$28,692$21,588$16,062$11,838$8,257
26 years$35,807$26,966$20,022$14,686$10,663$7,306
27 years$34,112$25,378$18,592$13,442$9,614$6,469
28 years$32,540$23,914$17,284$12,316$8,675$5,732
29 years$31,080$22,560$16,084$11,294$7,833$5,082
30 years$29,719$21,305$14,982$10,365$7,078$4,508
31 years$28,449$20,141$13,967$9,520$6,399$4,000
32 years$27,261$19,057$13,032$8,749$5,788$3,551
33 years$26,146$18,047$12,168$8,045$5,238$3,153
34 years$25,100$17,105$11,369$7,402$4,743$2,801
35 years$24,116$16,224$10,629$6,814$4,296$2,489
36 years$23,188$15,399$9,943$6,276$3,892$2,212
37 years$22,313$14,625$9,307$5,782$3,528$1,966
38 years$21,485$13,899$8,715$5,330$3,198$1,748
39 years$20,702$13,217$8,165$4,914$2,900$1,555
40 years$19,961$12,575$7,653$4,533$2,630$1,383
41 years$19,257$11,970$7,176$4,182$2,386$1,230
42 years$18,588$11,400$6,732$3,859$2,165$1,094
43 years$17,952$10,862$6,317$3,563$1,965$974
44 years$17,347$10,353$5,929$3,290$1,784$866
45 years$16,770$9,873$5,567$3,038$1,619$771
46 years$16,220$9,418$5,229$2,806$1,470$686
47 years$15,695$8,988$4,913$2,593$1,335$611
48 years$15,193$8,580$4,617$2,396$1,213$543
49 years$14,714$8,194$4,339$2,214$1,101$484
50 years$14,255$7,827$4,080$2,046$1,000$431

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,600,000, adding $3,612 every year, while hoping to spend $52,897 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: 44/42/14 Blend
60$14,600,000$14,600,000$14,600,000$14,600,000
61$16,092,926$15,319,126$15,092,826$16,735,958
62$17,678,122$16,013,481$15,542,153$17,879,730
63$19,423,236$16,740,087$16,004,761$19,113,087
64$21,344,522$17,500,467$16,481,037$20,448,730
65$23,459,894$18,296,220$16,971,381$21,896,104
66$25,789,087$19,129,019$17,476,207$23,465,578
67$28,353,851$20,000,619$17,995,937$25,168,530
68$31,178,151$20,912,856$18,531,008$27,017,455
69$34,288,394$21,867,657$19,081,868$29,026,070
70$37,713,679$22,867,041$19,648,980$31,209,440
71$41,486,071$23,913,123$20,232,817$33,584,115
72$45,640,903$25,008,119$20,833,869$36,168,274
73$50,217,110$26,154,352$21,452,639$38,981,893
74$55,257,597$27,354,257$22,089,645$42,046,921
75$60,809,642$28,610,385$22,745,417$45,387,486
76$66,925,341$29,925,410$23,420,505$49,030,104
77$73,662,105$31,302,135$24,115,471$53,003,931
78$81,083,197$32,743,496$24,830,896$57,341,017
79$89,258,327$34,252,571$25,567,375$62,076,608
80$98,264,317$35,832,588$26,325,523$67,249,463
81$108,185,820$37,486,927$27,105,970$72,902,211
82$119,116,120$39,219,133$27,909,366$79,081,737
83$131,158,014$41,032,920$28,736,380$85,839,621
84$144,424,780$42,932,183$29,587,698$93,232,604
85$159,041,250$44,921,001$30,464,028$101,323,113
86$175,144,981$47,003,654$31,366,097$110,179,840
87$192,887,561$49,184,625$32,294,653$119,878,369
88$212,436,034$51,468,614$33,250,466$130,501,879
89$233,974,481$53,860,547$34,234,328$142,141,913
90$257,705,754$56,365,590$35,247,053$154,899,223
91$283,853,391$58,989,154$36,289,480$168,884,704
92$312,663,730$61,736,915$37,362,470$184,220,426
93$344,408,228$64,614,822$38,466,911$201,040,763
94$379,386,027$67,629,108$39,603,712$219,493,642
95$417,926,780$70,786,312$40,773,814$239,741,921
96$460,393,755$74,093,285$41,978,181$261,964,900
97$507,187,273$77,557,211$43,217,805$286,359,995
98$558,748,481$81,185,620$44,493,707$313,144,577
99$615,563,516$84,986,406$45,806,937$342,557,993
100$678,168,101$88,967,846$47,158,575$374,863,806