Can I retire at age 61 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,157,765
2 years$605,035$593,767$582,846$572,257$561,987$539,499
3 years$399,350$388,033$377,140$366,651$356,548$334,680
4 years$296,528$285,245$274,461$264,151$254,293$233,215
5 years$234,850$223,636$212,993$202,894$193,309$173,080
6 years$193,746$182,615$172,130$162,256$152,959$133,602
7 years$164,396$153,360$143,041$133,399$124,397$105,916
8 years$142,395$131,458$121,310$111,905$103,199$85,590
9 years$125,291$114,458$104,484$95,319$86,909$70,160
10 years$111,617$100,889$91,092$82,165$74,050$58,147
11 years$100,435$89,816$80,196$71,509$63,686$48,609
12 years$91,125$80,614$71,172$62,723$55,189$40,917
13 years$83,252$72,851$63,587$55,375$48,126$34,636
14 years$76,510$66,220$57,133$49,155$42,187$29,454
15 years$70,673$60,493$51,584$43,838$37,144$25,144
16 years$65,570$55,501$46,768$39,252$32,828$21,532
17 years$61,072$51,114$42,557$35,268$29,108$18,489
18 years$57,078$47,232$38,849$31,783$25,881$15,912
19 years$53,509$43,774$35,565$28,719$23,069$13,720
20 years$50,301$40,677$32,639$26,011$20,605$11,850
21 years$47,402$37,889$30,022$23,606$18,439$10,248
22 years$44,770$35,368$27,670$21,463$16,528$8,874
23 years$42,370$33,079$25,548$19,547$14,837$7,692
24 years$40,174$30,993$23,628$17,828$13,336$6,674
25 years$38,157$29,085$21,884$16,282$12,000$5,794
26 years$36,298$27,336$20,296$14,887$10,809$5,034
27 years$34,579$25,726$18,847$13,627$9,745$4,376
28 years$32,986$24,241$17,521$12,485$8,793$3,806
29 years$31,506$22,869$16,305$11,449$7,940$3,312
30 years$30,126$21,597$15,187$10,507$7,175$2,883
31 years$28,839$20,417$14,158$9,650$6,486$2,510
32 years$27,634$19,318$13,210$8,869$5,867$2,186
33 years$26,505$18,295$12,334$8,155$5,310$1,904
34 years$25,444$17,339$11,524$7,504$4,808$1,659
35 years$24,446$16,446$10,775$6,908$4,354$1,446
36 years$23,506$15,610$10,079$6,362$3,945$1,261
37 years$22,618$14,826$9,434$5,861$3,576$1,099
38 years$21,780$14,090$8,835$5,403$3,242$958
39 years$20,986$13,398$8,277$4,982$2,940$835
40 years$20,234$12,747$7,758$4,595$2,666$729
41 years$19,520$12,134$7,275$4,239$2,419$635
42 years$18,843$11,556$6,824$3,912$2,195$554
43 years$18,198$11,010$6,403$3,612$1,992$483
44 years$17,585$10,495$6,011$3,335$1,808$422
45 years$17,000$10,008$5,644$3,080$1,642$368
46 years$16,442$9,547$5,301$2,845$1,491$321
47 years$15,910$9,111$4,980$2,628$1,353$280
48 years$15,402$8,698$4,680$2,429$1,229$244
49 years$14,915$8,306$4,399$2,244$1,116$213
50 years$14,450$7,934$4,135$2,075$1,014$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,800,000, adding $2,593 every year, while hoping to spend $33,573 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: 73/18/9 Blend
60$14,800,000$14,800,000$14,800,000$14,800,000
61$16,312,275$15,527,875$15,298,475$17,477,303
62$17,940,405$16,253,019$15,775,252$18,971,651
63$19,733,480$17,012,570$16,266,876$20,603,352
64$21,708,288$17,808,179$16,773,810$22,389,485
65$23,883,328$18,641,575$17,296,528$24,345,304
66$26,278,988$19,514,573$17,835,522$26,487,598
67$28,917,732$20,429,074$18,391,298$28,834,843
68$31,824,313$21,387,071$18,964,380$31,407,379
69$35,026,011$22,390,655$19,555,304$34,227,595
70$38,552,883$23,442,016$20,164,626$37,320,137
71$42,438,054$24,543,452$20,792,918$40,712,140
72$46,718,026$25,697,371$21,440,770$44,433,477
73$51,433,019$26,906,298$22,108,791$48,517,039
74$56,627,360$28,172,879$22,797,609$52,999,041
75$62,349,891$29,499,890$23,507,868$57,919,360
76$68,654,436$30,890,241$24,240,238$63,321,907
77$75,600,307$32,346,981$24,995,405$69,255,036
78$83,252,866$33,873,311$25,774,078$75,771,998
79$91,684,137$35,472,582$26,576,989$82,931,435
80$100,973,492$37,148,311$27,404,891$90,797,932
81$111,208,394$38,904,185$28,258,561$99,442,620
82$122,485,228$40,744,068$29,138,801$108,943,839
83$134,910,207$42,672,012$30,046,436$119,387,876
84$148,600,375$44,692,268$30,982,319$130,869,771
85$163,684,715$46,809,291$31,947,328$143,494,207
86$180,305,360$49,027,751$32,942,368$157,376,493
87$198,618,943$51,352,546$33,968,373$172,643,645
88$218,798,068$53,788,814$35,026,307$189,435,574
89$241,032,944$56,341,939$36,117,161$207,906,406
90$265,533,177$59,017,567$37,241,959$228,225,924
91$292,529,753$61,821,619$38,401,756$250,581,160
92$322,277,213$64,760,304$39,597,640$275,178,158
93$355,056,062$67,840,131$40,830,734$302,243,906
94$391,175,409$71,067,927$42,102,193$332,028,468
95$430,975,895$74,450,850$43,413,210$364,807,336
96$474,832,899$77,996,404$44,765,015$400,884,021
97$523,160,087$81,712,460$46,158,876$440,592,905
98$576,413,317$85,607,272$47,596,099$484,302,388
99$635,094,940$89,689,492$49,078,033$532,418,350
100$699,758,543$93,968,197$50,606,066$585,387,973