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%16.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,150,242
2 years$605,035$593,767$582,846$572,257$561,987$532,027
3 years$399,350$388,033$377,140$366,651$356,548$327,495
4 years$296,528$285,245$274,461$264,151$254,293$226,371
5 years$234,850$223,636$212,993$202,894$193,309$166,596
6 years$193,746$182,615$172,130$162,256$152,959$127,480
7 years$164,396$153,360$143,041$133,399$124,397$100,155
8 years$142,395$131,458$121,310$111,905$103,199$80,184
9 years$125,291$114,458$104,484$95,319$86,909$65,099
10 years$111,617$100,889$91,092$82,165$74,050$53,422
11 years$100,435$89,816$80,196$71,509$63,686$44,207
12 years$91,125$80,614$71,172$62,723$55,189$36,826
13 years$83,252$72,851$63,587$55,375$48,126$30,842
14 years$76,510$66,220$57,133$49,155$42,187$25,944
15 years$70,673$60,493$51,584$43,838$37,144$21,901
16 years$65,570$55,501$46,768$39,252$32,828$18,544
17 years$61,072$51,114$42,557$35,268$29,108$15,741
18 years$57,078$47,232$38,849$31,783$25,881$13,388
19 years$53,509$43,774$35,565$28,719$23,069$11,408
20 years$50,301$40,677$32,639$26,011$20,605$9,734
21 years$47,402$37,889$30,022$23,606$18,439$8,316
22 years$44,770$35,368$27,670$21,463$16,528$7,113
23 years$42,370$33,079$25,548$19,547$14,837$6,089
24 years$40,174$30,993$23,628$17,828$13,336$5,216
25 years$38,157$29,085$21,884$16,282$12,000$4,471
26 years$36,298$27,336$20,296$14,887$10,809$3,835
27 years$34,579$25,726$18,847$13,627$9,745$3,291
28 years$32,986$24,241$17,521$12,485$8,793$2,825
29 years$31,506$22,869$16,305$11,449$7,940$2,426
30 years$30,126$21,597$15,187$10,507$7,175$2,084
31 years$28,839$20,417$14,158$9,650$6,486$1,791
32 years$27,634$19,318$13,210$8,869$5,867$1,539
33 years$26,505$18,295$12,334$8,155$5,310$1,323
34 years$25,444$17,339$11,524$7,504$4,808$1,137
35 years$24,446$16,446$10,775$6,908$4,354$978
36 years$23,506$15,610$10,079$6,362$3,945$841
37 years$22,618$14,826$9,434$5,861$3,576$723
38 years$21,780$14,090$8,835$5,403$3,242$622
39 years$20,986$13,398$8,277$4,982$2,940$535
40 years$20,234$12,747$7,758$4,595$2,666$460
41 years$19,520$12,134$7,275$4,239$2,419$396
42 years$18,843$11,556$6,824$3,912$2,195$341
43 years$18,198$11,010$6,403$3,612$1,992$293
44 years$17,585$10,495$6,011$3,335$1,808$252
45 years$17,000$10,008$5,644$3,080$1,642$217
46 years$16,442$9,547$5,301$2,845$1,491$187
47 years$15,910$9,111$4,980$2,628$1,353$161
48 years$15,402$8,698$4,680$2,429$1,229$138
49 years$14,915$8,306$4,399$2,244$1,116$119
50 years$14,450$7,934$4,135$2,075$1,014$102

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 $2,328 every year, while hoping to spend $57,246 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: 86/9/5 Blend
60$14,800,000$14,800,000$14,800,000$14,800,000
61$16,312,001$15,527,601$15,298,201$17,715,480
62$17,914,916$16,227,544$15,749,782$19,329,950
63$19,679,410$16,959,866$16,214,572$21,095,533
64$21,621,902$17,726,093$16,692,953$23,033,717
65$23,760,488$18,527,823$17,185,318$25,161,824
66$26,115,104$19,366,732$17,692,072$27,498,925
67$28,707,718$20,244,576$18,213,630$30,066,030
68$31,562,539$21,163,193$18,750,420$32,886,276
69$34,706,240$22,124,512$19,302,882$35,985,148
70$38,168,215$23,130,551$19,871,466$39,390,716
71$41,980,852$24,183,428$20,456,640$43,133,900
72$46,179,842$25,285,359$21,058,881$47,248,759
73$50,804,512$26,438,668$21,678,680$51,772,810
74$55,898,201$27,645,791$22,316,544$56,747,379
75$61,508,662$28,909,279$22,972,992$62,217,994
76$67,688,518$30,231,807$23,648,560$68,234,807
77$74,495,758$31,616,176$24,343,798$74,853,067
78$81,994,281$33,065,325$25,059,271$82,133,640
79$90,254,502$34,582,330$25,795,562$90,143,581
80$99,354,016$36,170,418$26,553,267$98,956,762
81$109,378,326$37,832,970$27,333,002$108,654,570
82$120,421,657$39,573,527$28,135,400$119,326,671
83$132,587,841$41,395,805$28,961,110$131,071,851
84$145,991,295$43,303,694$29,810,802$143,998,949
85$160,758,106$45,301,273$30,685,162$158,227,881
86$177,027,216$47,392,819$31,584,898$173,890,766
87$194,951,736$49,582,811$32,510,737$191,133,171
88$214,700,392$51,875,947$33,463,425$210,115,483
89$236,459,113$54,277,149$34,443,730$231,014,416
90$260,432,790$56,791,578$35,452,444$254,024,678
91$286,847,211$59,424,641$36,490,377$279,360,804
92$315,951,186$62,182,009$37,558,364$307,259,178
93$348,018,902$65,069,622$38,657,264$337,980,255
94$383,352,507$68,093,710$39,787,959$371,811,022
95$422,284,963$71,260,802$40,951,356$409,067,699
96$465,183,191$74,577,743$42,148,388$450,098,717
97$512,451,530$78,051,706$43,380,013$495,288,005
98$564,535,559$81,690,213$44,647,216$545,058,608
99$621,926,300$85,501,147$45,951,011$599,876,674
100$685,164,851$89,492,771$47,292,439$660,255,849