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%19.6%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,119,359
2 years$596,859$585,743$574,970$564,524$554,393$509,726
3 years$393,953$382,789$372,043$361,696$351,729$308,668
4 years$292,520$281,391$270,752$260,582$250,856$209,728
5 years$231,677$220,614$210,115$200,152$190,697$151,607
6 years$191,127$180,148$169,804$160,063$150,892$113,867
7 years$162,175$151,288$141,108$131,597$122,716$87,744
8 years$140,471$129,682$119,671$110,393$101,804$68,852
9 years$123,598$112,911$103,072$94,030$85,734$54,752
10 years$110,108$99,526$89,861$81,055$73,050$43,981
11 years$99,078$88,602$79,112$70,542$62,825$35,604
12 years$89,893$79,524$70,210$61,875$54,443$28,998
13 years$82,127$71,867$62,728$54,626$47,475$23,732
14 years$75,476$65,325$56,361$48,491$41,617$19,497
15 years$69,718$59,675$50,887$43,246$36,643$16,068
16 years$64,684$54,751$46,136$38,722$32,385$13,275
17 years$60,246$50,424$41,982$34,791$28,715$10,991
18 years$56,307$46,594$38,324$31,354$25,532$9,115
19 years$52,786$43,183$35,084$28,331$22,757$7,569
20 years$49,621$40,127$32,198$25,659$20,327$6,293
21 years$46,761$37,377$29,616$23,287$18,190$5,237
22 years$44,165$34,890$27,296$21,173$16,305$4,362
23 years$41,798$32,632$25,203$19,283$14,636$3,635
24 years$39,631$30,574$23,309$17,587$13,155$3,031
25 years$37,641$28,692$21,588$16,062$11,838$2,529
26 years$35,807$26,966$20,022$14,686$10,663$2,110
27 years$34,112$25,378$18,592$13,442$9,614$1,762
28 years$32,540$23,914$17,284$12,316$8,675$1,471
29 years$31,080$22,560$16,084$11,294$7,833$1,229
30 years$29,719$21,305$14,982$10,365$7,078$1,026
31 years$28,449$20,141$13,967$9,520$6,399$858
32 years$27,261$19,057$13,032$8,749$5,788$717
33 years$26,146$18,047$12,168$8,045$5,238$599
34 years$25,100$17,105$11,369$7,402$4,743$500
35 years$24,116$16,224$10,629$6,814$4,296$418
36 years$23,188$15,399$9,943$6,276$3,892$350
37 years$22,313$14,625$9,307$5,782$3,528$292
38 years$21,485$13,899$8,715$5,330$3,198$244
39 years$20,702$13,217$8,165$4,914$2,900$204
40 years$19,961$12,575$7,653$4,533$2,630$171
41 years$19,257$11,970$7,176$4,182$2,386$143
42 years$18,588$11,400$6,732$3,859$2,165$119
43 years$17,952$10,862$6,317$3,563$1,965$100
44 years$17,347$10,353$5,929$3,290$1,784$83
45 years$16,770$9,873$5,567$3,038$1,619$70
46 years$16,220$9,418$5,229$2,806$1,470$58
47 years$15,695$8,988$4,913$2,593$1,335$49
48 years$15,193$8,580$4,617$2,396$1,213$41
49 years$14,714$8,194$4,339$2,214$1,101$34
50 years$14,255$7,827$4,080$2,046$1,000$28

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 $2,517 every year, while hoping to spend $46,478 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: 49/25/26 Blend
60$14,600,000$14,600,000$14,600,000$14,600,000
61$16,091,796$15,317,996$15,091,696$16,761,498
62$17,683,707$16,019,126$15,547,816$17,931,226
63$19,436,435$16,753,053$16,017,658$19,196,498
64$21,366,335$17,521,336$16,501,632$20,570,250
65$23,491,427$18,325,607$17,000,163$22,062,755
66$25,831,569$19,167,578$17,513,685$23,685,301
67$28,408,641$20,049,042$18,042,646$25,450,295
68$31,246,756$20,971,879$18,587,508$27,371,374
69$34,372,483$21,938,058$19,148,747$29,463,527
70$37,815,098$22,949,645$19,726,851$31,743,239
71$41,606,863$24,008,803$20,322,326$34,228,633
72$45,783,329$25,117,800$20,935,690$36,939,638
73$50,383,671$26,279,014$21,567,478$39,898,178
74$55,451,056$27,494,937$22,218,239$43,128,362
75$61,033,055$28,768,179$22,888,541$46,656,714
76$67,182,086$30,101,480$23,578,967$50,512,416
77$73,955,913$31,497,707$24,290,117$54,727,571
78$81,418,191$32,959,869$25,022,610$59,337,508
79$89,639,062$34,491,118$25,777,083$64,381,100
80$98,695,823$36,094,759$26,554,192$69,901,129
81$108,673,651$37,774,257$27,354,612$75,944,678
82$119,666,409$39,533,241$28,179,037$82,563,572
83$131,777,532$41,375,520$29,028,184$89,814,854
84$145,121,002$43,305,082$29,902,790$97,761,316
85$159,822,424$45,326,110$30,803,613$106,472,083
86$176,020,212$47,442,991$31,731,435$116,023,257
87$193,866,896$49,660,319$32,687,060$126,498,622
88$213,530,558$51,982,914$33,671,316$137,990,427
89$235,196,426$54,415,827$34,685,055$150,600,242
90$259,068,612$56,964,354$35,729,156$164,439,913
91$285,372,050$59,634,046$36,804,522$179,632,595
92$314,354,609$62,430,724$37,912,083$196,313,910
93$346,289,439$65,360,490$39,052,798$214,633,213
94$381,477,548$68,429,740$40,227,653$234,754,983
95$420,250,642$71,645,181$41,437,663$256,860,367
96$462,974,256$75,013,843$42,683,873$281,148,873
97$510,051,207$78,543,099$43,967,360$307,840,235
98$561,925,395$82,240,675$45,289,231$337,176,476
99$619,085,992$86,114,676$46,650,628$369,424,170
100$682,072,063$90,173,594$48,052,723$404,876,945