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%20%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,125,246
2 years$600,947$589,755$578,908$568,391$558,190$511,475
3 years$396,652$385,411$374,592$364,174$354,139$309,134
4 years$294,524$283,318$272,607$262,367$252,575$209,621
5 years$233,263$222,125$211,554$201,523$192,003$151,210
6 years$192,436$181,382$170,967$161,159$151,926$113,319
7 years$163,286$152,324$142,074$132,498$123,556$87,121
8 years$141,433$130,570$120,490$111,149$102,502$68,201
9 years$124,445$113,684$103,778$94,674$86,321$54,101
10 years$110,862$100,207$90,476$81,610$73,550$43,348
11 years$99,757$89,209$79,654$71,025$63,256$34,999
12 years$90,509$80,069$70,691$62,299$54,816$28,429
13 years$82,690$72,359$63,158$55,001$47,801$23,203
14 years$75,993$65,772$56,747$48,823$41,902$19,009
15 years$70,195$60,084$51,235$43,542$36,894$15,621
16 years$65,127$55,126$46,452$38,987$32,607$12,868
17 years$60,659$50,769$42,270$35,029$28,911$10,622
18 years$56,692$46,913$38,587$31,569$25,707$8,783
19 years$53,147$43,478$35,324$28,525$22,913$7,272
20 years$49,961$40,402$32,419$25,835$20,466$6,027
21 years$47,081$37,633$29,819$23,447$18,315$5,001
22 years$44,467$35,129$27,483$21,318$16,417$4,152
23 years$42,084$32,856$25,376$19,415$14,737$3,449
24 years$39,903$30,784$23,468$17,708$13,246$2,867
25 years$37,899$28,889$21,736$16,172$11,919$2,384
26 years$36,052$27,151$20,159$14,787$10,736$1,983
27 years$34,345$25,552$18,720$13,535$9,680$1,650
28 years$32,763$24,078$17,402$12,401$8,734$1,374
29 years$31,293$22,714$16,194$11,372$7,887$1,143
30 years$29,923$21,451$15,084$10,436$7,126$952
31 years$28,644$20,279$14,063$9,585$6,443$793
32 years$27,447$19,188$13,121$8,809$5,828$660
33 years$26,326$18,171$12,251$8,100$5,274$550
34 years$25,272$17,222$11,447$7,453$4,775$458
35 years$24,281$16,335$10,702$6,861$4,325$382
36 years$23,347$15,504$10,011$6,319$3,919$318
37 years$22,466$14,725$9,370$5,822$3,552$265
38 years$21,633$13,994$8,775$5,366$3,220$221
39 years$20,844$13,307$8,221$4,948$2,920$184
40 years$20,097$12,661$7,706$4,564$2,648$153
41 years$19,388$12,052$7,225$4,211$2,403$128
42 years$18,715$11,478$6,778$3,886$2,180$106
43 years$18,075$10,936$6,360$3,587$1,979$89
44 years$17,466$10,424$5,970$3,312$1,796$74
45 years$16,885$9,941$5,606$3,059$1,631$62
46 years$16,331$9,483$5,265$2,825$1,480$51
47 years$15,803$9,050$4,946$2,610$1,344$43
48 years$15,298$8,639$4,648$2,412$1,221$36
49 years$14,815$8,250$4,369$2,229$1,109$30
50 years$14,352$7,881$4,107$2,060$1,007$25

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 $2,267 every year, while hoping to spend $30,262 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: 46/31/23 Blend
60$14,700,000$14,700,000$14,700,000$14,700,000
61$16,201,738$15,422,638$15,194,788$16,839,987
62$17,822,117$16,146,149$15,671,615$18,012,423
63$19,606,760$16,904,098$16,163,402$19,280,543
64$21,572,391$17,698,139$16,670,617$20,655,815
65$23,737,437$18,530,010$17,193,744$22,148,261
66$26,122,204$19,401,529$17,733,283$23,768,886
67$28,749,069$20,314,605$18,289,749$25,529,774
68$31,642,690$21,271,237$18,863,671$27,444,203
69$34,830,239$22,273,522$19,455,599$29,526,757
70$38,341,658$23,323,658$20,066,096$31,793,466
71$42,209,941$24,423,952$20,695,744$34,261,942
72$46,471,449$25,576,819$21,345,145$36,951,546
73$51,166,247$26,784,794$22,014,918$39,883,559
74$56,338,488$28,050,532$22,705,702$43,081,379
75$62,036,826$29,376,821$23,418,155$46,570,733
76$68,314,877$30,766,580$24,152,957$50,379,910
77$75,231,723$32,222,871$24,910,810$54,540,024
78$82,852,472$33,748,905$25,692,436$59,085,294
79$91,248,872$35,348,049$26,498,580$64,053,364
80$100,499,986$37,023,833$27,330,012$69,485,642
81$110,692,942$38,779,957$28,187,524$75,427,688
82$121,923,750$40,620,303$29,071,935$81,929,628
83$134,298,215$42,548,941$29,984,087$89,046,620
84$147,932,930$44,570,136$30,924,851$96,839,363
85$162,956,380$46,688,363$31,895,124$105,374,655
86$179,510,151$48,908,314$32,895,831$114,726,016
87$197,750,272$51,234,906$33,927,927$124,974,366
88$217,848,683$53,673,300$34,992,396$136,208,777
89$239,994,860$56,228,903$36,090,253$148,527,299
90$264,397,605$58,907,388$37,222,545$162,037,869
91$291,287,011$61,714,701$38,390,351$176,859,320
92$320,916,645$64,657,080$39,594,786$193,122,480
93$353,565,929$67,741,063$40,836,998$210,971,395
94$389,542,787$70,973,509$42,118,171$230,564,669
95$429,186,549$74,361,608$43,439,527$252,076,945
96$472,871,152$77,912,902$44,802,326$275,700,530
97$521,008,673$81,635,298$46,207,867$301,647,196
98$574,053,218$85,537,088$47,657,491$330,150,152
99$632,505,209$89,626,967$49,152,580$361,466,230
100$696,916,108$93,914,056$50,694,559$395,878,280