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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,167,362
2 years$605,035$593,767$582,846$572,257$561,987$549,089
3 years$399,350$388,033$377,140$366,651$356,548$343,961
4 years$296,528$285,245$274,461$264,151$254,293$242,116
5 years$234,850$223,636$212,993$202,894$193,309$181,577
6 years$193,746$182,615$172,130$162,256$152,959$141,686
7 years$164,396$153,360$143,041$133,399$124,397$113,588
8 years$142,395$131,458$121,310$111,905$103,199$92,853
9 years$125,291$114,458$104,484$95,319$86,909$77,022
10 years$111,617$100,889$91,092$82,165$74,050$64,617
11 years$100,435$89,816$80,196$71,509$63,686$54,697
12 years$91,125$80,614$71,172$62,723$55,189$46,636
13 years$83,252$72,851$63,587$55,375$48,126$39,998
14 years$76,510$66,220$57,133$49,155$42,187$34,474
15 years$70,673$60,493$51,584$43,838$37,144$29,833
16 years$65,570$55,501$46,768$39,252$32,828$25,907
17 years$61,072$51,114$42,557$35,268$29,108$22,563
18 years$57,078$47,232$38,849$31,783$25,881$19,700
19 years$53,509$43,774$35,565$28,719$23,069$17,238
20 years$50,301$40,677$32,639$26,011$20,605$15,110
21 years$47,402$37,889$30,022$23,606$18,439$13,267
22 years$44,770$35,368$27,670$21,463$16,528$11,665
23 years$42,370$33,079$25,548$19,547$14,837$10,268
24 years$40,174$30,993$23,628$17,828$13,336$9,049
25 years$38,157$29,085$21,884$16,282$12,000$7,981
26 years$36,298$27,336$20,296$14,887$10,809$7,045
27 years$34,579$25,726$18,847$13,627$9,745$6,224
28 years$32,986$24,241$17,521$12,485$8,793$5,501
29 years$31,506$22,869$16,305$11,449$7,940$4,865
30 years$30,126$21,597$15,187$10,507$7,175$4,305
31 years$28,839$20,417$14,158$9,650$6,486$3,811
32 years$27,634$19,318$13,210$8,869$5,867$3,374
33 years$26,505$18,295$12,334$8,155$5,310$2,989
34 years$25,444$17,339$11,524$7,504$4,808$2,649
35 years$24,446$16,446$10,775$6,908$4,354$2,348
36 years$23,506$15,610$10,079$6,362$3,945$2,081
37 years$22,618$14,826$9,434$5,861$3,576$1,845
38 years$21,780$14,090$8,835$5,403$3,242$1,637
39 years$20,986$13,398$8,277$4,982$2,940$1,452
40 years$20,234$12,747$7,758$4,595$2,666$1,288
41 years$19,520$12,134$7,275$4,239$2,419$1,143
42 years$18,843$11,556$6,824$3,912$2,195$1,014
43 years$18,198$11,010$6,403$3,612$1,992$900
44 years$17,585$10,495$6,011$3,335$1,808$798
45 years$17,000$10,008$5,644$3,080$1,642$709
46 years$16,442$9,547$5,301$2,845$1,491$629
47 years$15,910$9,111$4,980$2,628$1,353$558
48 years$15,402$8,698$4,680$2,429$1,229$496
49 years$14,915$8,306$4,399$2,244$1,116$440
50 years$14,450$7,934$4,135$2,075$1,014$391

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 $2,061 every year, while hoping to spend $55,849 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: 49/38/13 Blend
60$14,800,000$14,800,000$14,800,000$14,800,000
61$16,311,726$15,527,326$15,297,926$17,052,706
62$17,916,099$16,228,742$15,750,984$18,263,995
63$19,682,246$16,962,656$16,217,347$19,573,027
64$21,626,610$17,730,600$16,697,402$20,993,701
65$23,767,307$18,534,183$17,191,548$22,536,495
66$26,124,301$19,375,086$17,700,194$24,212,914
67$28,719,589$20,255,075$18,223,760$26,035,597
68$31,577,411$21,175,997$18,762,679$28,018,428
69$34,724,476$22,139,790$19,317,398$30,176,661
70$38,190,216$23,148,483$19,888,374$32,527,060
71$42,007,062$24,204,203$20,476,079$35,088,048
72$46,210,753$25,309,179$21,080,998$37,879,876
73$50,840,667$26,465,746$21,703,629$40,924,808
74$55,940,200$27,676,353$22,344,485$44,247,320
75$61,557,169$28,943,563$23,004,094$47,874,326
76$67,744,268$30,270,065$23,682,999$51,835,425
77$74,559,561$31,658,676$24,381,757$56,163,167
78$82,067,033$33,112,348$25,100,943$60,893,359
79$90,337,194$34,634,176$25,841,148$66,065,386
80$99,447,739$36,227,403$26,602,978$71,722,577
81$109,484,289$37,895,426$27,387,058$77,912,604
82$120,541,192$39,641,807$28,194,030$84,687,920
83$132,722,419$41,470,281$29,024,556$92,106,245
84$146,142,541$43,384,761$29,879,314$100,231,095
85$160,927,813$45,389,346$30,759,003$109,132,374
86$177,217,362$47,488,336$31,664,341$118,887,020
87$195,164,504$49,686,236$32,596,069$129,579,715
88$214,938,191$51,987,769$33,554,944$141,303,673
89$236,724,602$54,397,885$34,541,750$154,161,508
90$260,728,902$56,921,772$35,557,289$168,266,180
91$287,177,179$59,564,868$36,602,388$183,742,051
92$316,318,580$62,332,875$37,677,897$200,726,044
93$348,427,658$65,231,769$38,784,689$219,368,910
94$383,806,966$68,267,812$39,923,663$239,836,640
95$422,789,913$71,447,572$41,095,742$262,312,011
96$465,743,912$74,777,931$42,301,878$286,996,289
97$513,073,846$78,266,104$43,543,045$314,111,112
98$565,225,891$81,919,656$44,820,250$343,900,555
99$622,691,728$85,746,515$46,134,524$376,633,417
100$686,013,183$89,754,993$47,486,930$412,605,728