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

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,128,312
2 years$596,859$585,743$574,970$564,524$554,393$518,526
3 years$393,953$382,789$372,043$361,696$351,729$317,033
4 years$292,520$281,391$270,752$260,582$250,856$217,596
5 years$231,677$220,614$210,115$200,152$190,697$158,963
6 years$191,127$180,148$169,804$160,063$150,892$120,711
7 years$162,175$151,288$141,108$131,597$122,716$94,086
8 years$140,471$129,682$119,671$110,393$101,804$74,708
9 years$123,598$112,911$103,072$94,030$85,734$60,141
10 years$110,108$99,526$89,861$81,055$73,050$48,923
11 years$99,078$88,602$79,112$70,542$62,825$40,122
12 years$89,893$79,524$70,210$61,875$54,443$33,116
13 years$82,127$71,867$62,728$54,626$47,475$27,474
14 years$75,476$65,325$56,361$48,491$41,617$22,888
15 years$69,718$59,675$50,887$43,246$36,643$19,133
16 years$64,684$54,751$46,136$38,722$32,385$16,038
17 years$60,246$50,424$41,982$34,791$28,715$13,475
18 years$56,307$46,594$38,324$31,354$25,532$11,343
19 years$52,786$43,183$35,084$28,331$22,757$9,564
20 years$49,621$40,127$32,198$25,659$20,327$8,074
21 years$46,761$37,377$29,616$23,287$18,190$6,824
22 years$44,165$34,890$27,296$21,173$16,305$5,773
23 years$41,798$32,632$25,203$19,283$14,636$4,888
24 years$39,631$30,574$23,309$17,587$13,155$4,141
25 years$37,641$28,692$21,588$16,062$11,838$3,511
26 years$35,807$26,966$20,022$14,686$10,663$2,977
27 years$34,112$25,378$18,592$13,442$9,614$2,526
28 years$32,540$23,914$17,284$12,316$8,675$2,144
29 years$31,080$22,560$16,084$11,294$7,833$1,820
30 years$29,719$21,305$14,982$10,365$7,078$1,546
31 years$28,449$20,141$13,967$9,520$6,399$1,313
32 years$27,261$19,057$13,032$8,749$5,788$1,115
33 years$26,146$18,047$12,168$8,045$5,238$947
34 years$25,100$17,105$11,369$7,402$4,743$805
35 years$24,116$16,224$10,629$6,814$4,296$684
36 years$23,188$15,399$9,943$6,276$3,892$581
37 years$22,313$14,625$9,307$5,782$3,528$494
38 years$21,485$13,899$8,715$5,330$3,198$420
39 years$20,702$13,217$8,165$4,914$2,900$357
40 years$19,961$12,575$7,653$4,533$2,630$304
41 years$19,257$11,970$7,176$4,182$2,386$258
42 years$18,588$11,400$6,732$3,859$2,165$219
43 years$17,952$10,862$6,317$3,563$1,965$187
44 years$17,347$10,353$5,929$3,290$1,784$159
45 years$16,770$9,873$5,567$3,038$1,619$135
46 years$16,220$9,418$5,229$2,806$1,470$115
47 years$15,695$8,988$4,913$2,593$1,335$98
48 years$15,193$8,580$4,617$2,396$1,213$83
49 years$14,714$8,194$4,339$2,214$1,101$70
50 years$14,255$7,827$4,080$2,046$1,000$60

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 $6,411 every year, while hoping to spend $43,894 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: 67/7/26 Blend
60$14,600,000$14,600,000$14,600,000$14,600,000
61$16,095,813$15,322,013$15,095,713$17,065,115
62$17,690,883$16,026,089$15,554,716$18,422,149
63$19,447,179$16,763,193$16,027,625$19,900,212
64$21,381,100$17,534,898$16,514,859$21,515,816
65$23,510,715$18,342,851$17,016,850$23,282,540
66$25,855,937$19,188,780$17,534,044$25,215,332
67$28,438,706$20,074,493$18,066,897$27,330,649
68$31,283,199$21,001,888$18,615,883$29,646,607
69$34,416,058$21,972,954$19,181,489$32,183,154
70$37,866,642$22,989,774$19,764,214$34,962,254
71$41,667,299$24,054,533$20,364,575$38,008,092
72$45,853,679$25,169,521$20,983,104$41,347,298
73$50,465,063$26,337,136$21,620,347$45,009,201
74$55,544,739$27,559,896$22,276,868$49,026,097
75$61,140,408$28,840,436$22,953,249$53,433,555
76$67,304,634$30,181,521$23,650,086$58,270,749
77$74,095,339$31,586,048$24,367,997$63,580,826
78$81,576,354$33,057,055$25,107,615$69,411,305
79$89,818,015$34,597,724$25,869,594$75,814,531
80$98,897,834$36,211,394$26,654,606$82,848,157
81$108,901,224$37,901,562$27,463,346$90,575,692
82$119,922,307$39,671,897$28,296,526$99,067,092
83$132,064,805$41,526,243$29,154,883$108,399,418
84$145,443,016$43,468,630$30,039,173$118,657,560
85$160,182,894$45,503,284$30,950,175$129,935,036
86$176,423,238$47,634,633$31,888,695$142,334,868
87$194,316,999$49,867,321$32,855,557$155,970,549
88$214,032,730$52,206,217$33,851,616$170,967,115
89$235,756,171$54,656,424$34,877,747$187,462,315
90$259,692,004$57,223,292$35,934,855$205,607,912
91$286,065,786$59,912,431$37,023,870$225,571,105
92$315,126,077$62,729,721$38,145,751$247,536,106
93$347,146,788$65,681,329$39,301,484$271,705,872
94$382,429,763$68,773,717$40,492,087$298,304,015
95$421,307,634$72,013,664$41,718,607$327,576,908
96$464,146,953$75,408,274$42,982,121$359,796,005
97$511,351,660$78,964,997$44,283,739$395,260,397
98$563,366,891$82,691,643$45,624,606$434,299,625
99$620,683,182$86,596,402$47,005,899$477,276,791
100$683,841,101$90,687,860$48,428,831$524,591,973