Can I retire at age 61 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,131,959
2 years$600,947$589,755$578,908$568,391$558,190$518,059
3 years$396,652$385,411$374,592$364,174$354,139$315,377
4 years$294,524$283,318$272,607$262,367$252,575$215,479
5 years$233,263$222,125$211,554$201,523$192,003$156,671
6 years$192,436$181,382$170,967$161,159$151,926$118,385
7 years$163,286$152,324$142,074$132,498$123,556$91,801
8 years$141,433$130,570$120,490$111,149$102,502$72,507
9 years$124,445$113,684$103,778$94,674$86,321$58,049
10 years$110,862$100,207$90,476$81,610$73,550$46,955
11 years$99,757$89,209$79,654$71,025$63,256$38,284
12 years$90,509$80,069$70,691$62,299$54,816$31,411
13 years$82,690$72,359$63,158$55,001$47,801$25,900
14 years$75,993$65,772$56,747$48,823$41,902$21,443
15 years$70,195$60,084$51,235$43,542$36,894$17,811
16 years$65,127$55,126$46,452$38,987$32,607$14,833
17 years$60,659$50,769$42,270$35,029$28,911$12,380
18 years$56,692$46,913$38,587$31,569$25,707$10,352
19 years$53,147$43,478$35,324$28,525$22,913$8,669
20 years$49,961$40,402$32,419$25,835$20,466$7,269
21 years$47,081$37,633$29,819$23,447$18,315$6,101
22 years$44,467$35,129$27,483$21,318$16,417$5,125
23 years$42,084$32,856$25,376$19,415$14,737$4,308
24 years$39,903$30,784$23,468$17,708$13,246$3,624
25 years$37,899$28,889$21,736$16,172$11,919$3,050
26 years$36,052$27,151$20,159$14,787$10,736$2,568
27 years$34,345$25,552$18,720$13,535$9,680$2,163
28 years$32,763$24,078$17,402$12,401$8,734$1,822
29 years$31,293$22,714$16,194$11,372$7,887$1,536
30 years$29,923$21,451$15,084$10,436$7,126$1,295
31 years$28,644$20,279$14,063$9,585$6,443$1,091
32 years$27,447$19,188$13,121$8,809$5,828$920
33 years$26,326$18,171$12,251$8,100$5,274$776
34 years$25,272$17,222$11,447$7,453$4,775$655
35 years$24,281$16,335$10,702$6,861$4,325$552
36 years$23,347$15,504$10,011$6,319$3,919$466
37 years$22,466$14,725$9,370$5,822$3,552$393
38 years$21,633$13,994$8,775$5,366$3,220$331
39 years$20,844$13,307$8,221$4,948$2,920$280
40 years$20,097$12,661$7,706$4,564$2,648$236
41 years$19,388$12,052$7,225$4,211$2,403$199
42 years$18,715$11,478$6,778$3,886$2,180$168
43 years$18,075$10,936$6,360$3,587$1,979$142
44 years$17,466$10,424$5,970$3,312$1,796$120
45 years$16,885$9,941$5,606$3,059$1,631$101
46 years$16,331$9,483$5,265$2,825$1,480$85
47 years$15,803$9,050$4,946$2,610$1,344$72
48 years$15,298$8,639$4,648$2,412$1,221$61
49 years$14,815$8,250$4,369$2,229$1,109$51
50 years$14,352$7,881$4,107$2,060$1,007$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,700,000, adding $6,228 every year, while hoping to spend $41,155 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: 63/10/27 Blend
60$14,700,000$14,700,000$14,700,000$14,700,000
61$16,205,824$15,426,724$15,198,874$17,109,986
62$17,815,030$16,138,845$15,664,248$18,435,682
63$19,586,995$16,884,481$16,143,832$19,878,037
64$21,538,277$17,665,229$16,638,060$21,452,658
65$23,687,123$18,482,767$17,147,377$23,172,513
66$26,053,638$19,338,851$17,672,241$25,051,871
67$28,659,975$20,235,321$18,213,128$27,106,441
68$31,530,548$21,174,107$18,770,523$29,353,508
69$34,692,258$22,157,232$19,344,930$31,812,102
70$38,174,749$23,186,817$19,936,865$34,503,170
71$42,010,686$24,265,084$20,546,863$37,449,773
72$46,236,065$25,394,362$21,175,472$40,677,298
73$50,890,552$26,577,094$21,823,259$44,213,700
74$56,017,856$27,815,840$22,490,806$48,089,754
75$61,666,145$29,113,283$23,178,715$52,339,350
76$67,888,494$30,472,236$23,887,604$56,999,806
77$74,743,393$31,895,649$24,618,112$62,112,216
78$82,295,296$33,386,612$25,370,896$67,721,834
79$90,615,228$34,948,368$26,146,632$73,878,501
80$99,781,455$36,584,312$26,946,018$80,637,104
81$109,880,228$38,298,007$27,769,774$88,058,098
82$121,006,588$40,093,187$28,618,639$96,208,065
83$133,265,273$41,973,765$29,493,375$105,160,343
84$146,771,697$43,943,847$30,394,770$114,995,712
85$161,653,048$46,007,733$31,323,633$125,803,148
86$178,049,482$48,169,935$32,280,798$137,680,664
87$196,115,449$50,435,181$33,267,124$150,736,222
88$216,021,149$52,808,429$34,283,497$165,088,755
89$237,954,141$55,294,877$35,330,829$180,869,277
90$262,121,112$57,899,975$36,410,060$198,222,116
91$288,749,826$60,629,434$37,522,158$217,306,271
92$318,091,279$63,489,247$38,668,121$238,296,902
93$350,422,063$66,485,694$39,848,976$261,386,985
94$386,046,979$69,625,358$41,065,783$286,789,116
95$425,301,915$72,915,145$42,319,631$314,737,517
96$468,557,016$76,362,293$43,611,644$345,490,240
97$516,220,178$79,974,392$44,942,981$379,331,588
98$568,740,899$83,759,400$46,314,833$416,574,799
99$626,614,520$87,725,660$47,728,430$457,564,987
100$690,386,906$91,881,921$49,185,036$502,682,393