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%14.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,159,667
2 years$605,035$593,767$582,846$572,257$561,987$541,395
3 years$399,350$388,033$377,140$366,651$356,548$336,510
4 years$296,528$285,245$274,461$264,151$254,293$234,964
5 years$234,850$223,636$212,993$202,894$193,309$174,744
6 years$193,746$182,615$172,130$162,256$152,959$135,179
7 years$164,396$153,360$143,041$133,399$124,397$107,407
8 years$142,395$131,458$121,310$111,905$103,199$86,996
9 years$125,291$114,458$104,484$95,319$86,909$71,483
10 years$111,617$100,889$91,092$82,165$74,050$59,389
11 years$100,435$89,816$80,196$71,509$63,686$49,772
12 years$91,125$80,614$71,172$62,723$55,189$42,005
13 years$83,252$72,851$63,587$55,375$48,126$35,651
14 years$76,510$66,220$57,133$49,155$42,187$30,400
15 years$70,673$60,493$51,584$43,838$37,144$26,022
16 years$65,570$55,501$46,768$39,252$32,828$22,348
17 years$61,072$51,114$42,557$35,268$29,108$19,244
18 years$57,078$47,232$38,849$31,783$25,881$16,610
19 years$53,509$43,774$35,565$28,719$23,069$14,364
20 years$50,301$40,677$32,639$26,011$20,605$12,443
21 years$47,402$37,889$30,022$23,606$18,439$10,795
22 years$44,770$35,368$27,670$21,463$16,528$9,376
23 years$42,370$33,079$25,548$19,547$14,837$8,152
24 years$40,174$30,993$23,628$17,828$13,336$7,095
25 years$38,157$29,085$21,884$16,282$12,000$6,180
26 years$36,298$27,336$20,296$14,887$10,809$5,386
27 years$34,579$25,726$18,847$13,627$9,745$4,697
28 years$32,986$24,241$17,521$12,485$8,793$4,099
29 years$31,506$22,869$16,305$11,449$7,940$3,578
30 years$30,126$21,597$15,187$10,507$7,175$3,125
31 years$28,839$20,417$14,158$9,650$6,486$2,730
32 years$27,634$19,318$13,210$8,869$5,867$2,385
33 years$26,505$18,295$12,334$8,155$5,310$2,085
34 years$25,444$17,339$11,524$7,504$4,808$1,823
35 years$24,446$16,446$10,775$6,908$4,354$1,594
36 years$23,506$15,610$10,079$6,362$3,945$1,394
37 years$22,618$14,826$9,434$5,861$3,576$1,219
38 years$21,780$14,090$8,835$5,403$3,242$1,067
39 years$20,986$13,398$8,277$4,982$2,940$933
40 years$20,234$12,747$7,758$4,595$2,666$817
41 years$19,520$12,134$7,275$4,239$2,419$715
42 years$18,843$11,556$6,824$3,912$2,195$626
43 years$18,198$11,010$6,403$3,612$1,992$548
44 years$17,585$10,495$6,011$3,335$1,808$479
45 years$17,000$10,008$5,644$3,080$1,642$420
46 years$16,442$9,547$5,301$2,845$1,491$367
47 years$15,910$9,111$4,980$2,628$1,353$321
48 years$15,402$8,698$4,680$2,429$1,229$281
49 years$14,915$8,306$4,399$2,244$1,116$246
50 years$14,450$7,934$4,135$2,075$1,014$216

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 $2,270 every year, while hoping to spend $22,718 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: 57/17/26 Blend
60$14,800,000$14,800,000$14,800,000$14,800,000
61$16,311,942$15,527,542$15,298,142$17,125,797
62$17,951,588$16,264,219$15,786,457$18,420,305
63$19,757,717$17,036,233$16,290,371$19,827,943
64$21,747,285$17,845,290$16,810,379$21,361,741
65$23,938,979$18,693,180$17,346,998$23,033,892
66$26,353,391$19,581,782$17,900,759$24,857,808
67$29,013,210$20,513,063$18,472,208$26,848,241
68$31,943,442$21,489,087$19,061,911$29,021,418
69$35,171,641$22,512,020$19,670,452$31,395,188
70$38,728,170$23,584,130$20,298,434$33,989,192
71$42,646,488$24,707,798$20,946,477$36,825,037
72$46,963,469$25,885,519$21,615,223$39,926,503
73$51,719,744$27,119,910$22,305,334$43,319,756
74$56,960,087$28,413,715$23,017,492$47,033,594
75$62,733,841$29,769,813$23,752,403$51,099,714
76$69,095,379$31,191,219$24,510,794$55,553,002
77$76,104,617$32,681,099$25,293,416$60,431,862
78$83,827,586$34,242,770$26,101,043$65,778,569
79$92,337,047$35,879,713$26,934,475$71,639,663
80$101,713,182$37,595,576$27,794,537$78,066,383
81$112,044,353$39,394,185$28,682,080$85,115,143
82$123,427,931$41,279,554$29,597,983$92,848,057
83$135,971,218$43,255,890$30,543,154$101,333,520
84$149,792,460$45,327,607$31,518,527$110,646,847
85$165,021,962$47,499,330$32,525,069$120,870,971
86$181,803,320$49,775,915$33,563,776$132,097,224
87$200,294,773$52,162,449$34,635,677$144,426,187
88$220,670,701$54,664,270$35,741,833$157,968,631
89$243,123,268$57,286,976$36,883,341$172,846,557
90$267,864,238$60,036,434$38,061,329$189,194,330
91$295,126,973$62,918,802$39,276,966$207,159,947
92$325,168,634$65,940,533$40,531,455$226,906,416
93$358,272,615$69,108,400$41,826,039$248,613,289
94$394,751,210$72,429,500$43,161,999$272,478,341
95$434,948,568$75,911,279$44,540,661$298,719,430
96$479,243,938$79,561,548$45,963,388$327,576,536
97$528,055,249$83,388,493$47,431,592$359,314,018
98$581,843,060$87,400,705$48,946,726$394,223,092
99$641,114,902$91,607,190$50,510,291$432,624,570
100$706,430,073$96,017,393$52,123,837$474,871,869