Can I retire at age 61 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,141,456
2 years$609,123$597,778$586,784$576,124$565,784$519,316
3 years$402,048$390,655$379,688$369,128$358,957$314,174
4 years$298,531$287,173$276,316$265,936$256,011$213,254
5 years$236,437$225,147$214,432$204,264$194,615$153,993
6 years$195,055$183,849$173,293$163,352$153,993$115,532
7 years$165,507$154,396$144,007$134,301$125,237$88,924
8 years$143,357$132,346$122,130$112,661$103,896$69,695
9 years$126,138$115,231$105,190$95,963$87,496$55,355
10 years$112,371$101,571$91,707$82,721$74,551$44,408
11 years$101,114$90,422$80,738$71,992$64,116$35,903
12 years$91,740$81,158$71,653$63,146$55,562$29,202
13 years$83,815$73,343$64,017$55,749$48,451$23,866
14 years$77,027$66,667$57,519$49,488$42,472$19,580
15 years$71,150$60,902$51,932$44,134$37,395$16,113
16 years$66,013$55,876$47,084$39,517$33,050$13,293
17 years$61,484$51,460$42,845$35,506$29,305$10,990
18 years$57,464$47,551$39,112$31,998$26,056$9,100
19 years$53,870$44,070$35,805$28,913$23,225$7,546
20 years$50,640$40,952$32,860$26,186$20,745$6,264
21 years$47,722$38,145$30,225$23,766$18,564$5,205
22 years$45,072$35,607$27,857$21,609$16,640$4,328
23 years$42,657$33,303$25,721$19,679$14,937$3,602
24 years$40,446$31,202$23,787$17,949$13,426$2,998
25 years$38,415$29,282$22,032$16,392$12,081$2,497
26 years$36,543$27,520$20,434$14,988$10,882$2,081
27 years$34,813$25,900$18,974$13,719$9,811$1,734
28 years$33,209$24,405$17,639$12,569$8,853$1,446
29 years$31,718$23,023$16,415$11,526$7,994$1,206
30 years$30,330$21,743$15,290$10,578$7,223$1,005
31 years$29,034$20,555$14,254$9,715$6,530$839
32 years$27,821$19,449$13,299$8,929$5,907$700
33 years$26,684$18,418$12,418$8,211$5,346$584
34 years$25,616$17,456$11,602$7,554$4,840$487
35 years$24,611$16,557$10,847$6,954$4,384$406
36 years$23,665$15,715$10,147$6,405$3,972$339
37 years$22,771$14,926$9,498$5,901$3,600$283
38 years$21,927$14,185$8,894$5,439$3,264$236
39 years$21,128$13,488$8,333$5,015$2,960$197
40 years$20,371$12,833$7,811$4,626$2,685$165
41 years$19,652$12,216$7,324$4,268$2,435$137
42 years$18,970$11,634$6,870$3,939$2,210$115
43 years$18,321$11,085$6,447$3,636$2,006$96
44 years$17,703$10,566$6,051$3,357$1,821$80
45 years$17,115$10,076$5,682$3,100$1,653$67
46 years$16,553$9,612$5,337$2,864$1,501$56
47 years$16,018$9,173$5,014$2,646$1,363$46
48 years$15,506$8,757$4,711$2,445$1,237$39
49 years$15,016$8,362$4,428$2,260$1,124$32
50 years$14,548$7,988$4,163$2,089$1,021$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,900,000, adding $4,161 every year, while hoping to spend $49,984 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: 67/7/26 Blend
60$14,900,000$14,900,000$14,900,000$14,900,000
61$16,424,092$15,634,392$15,403,442$17,413,311
62$18,046,167$16,347,295$15,866,275$18,792,296
63$19,832,018$17,093,454$16,342,937$20,293,870
64$21,798,298$17,874,448$16,833,840$21,935,051
65$23,963,356$18,691,927$17,339,405$23,729,622
66$26,347,412$19,547,625$17,860,068$25,692,754
67$28,972,744$20,443,355$18,396,277$27,841,153
68$31,863,904$21,381,020$18,948,493$30,193,208
69$35,047,945$22,362,612$19,517,190$32,769,168
70$38,554,676$23,390,221$20,102,856$35,591,328
71$42,416,947$24,466,036$20,705,996$38,684,236
72$46,670,955$25,592,351$21,327,126$42,074,928
73$51,356,588$26,771,571$21,966,780$45,793,173
74$56,517,798$28,006,217$22,625,506$49,871,757
75$62,203,021$29,298,929$23,303,868$54,346,787
76$68,465,630$30,652,478$24,002,448$59,258,030
77$75,364,439$32,069,764$24,721,845$64,649,285
78$82,964,259$33,553,829$25,462,674$70,568,794
79$91,336,509$35,107,862$26,225,569$77,069,693
80$100,559,891$36,735,205$27,011,183$84,210,511
81$110,721,129$38,439,359$27,820,187$92,055,719
82$121,915,794$40,223,998$28,653,273$100,676,335
83$134,249,199$42,092,968$29,511,152$110,150,592
84$147,837,399$44,050,305$30,394,557$120,564,668
85$162,808,281$46,100,237$31,304,242$132,013,504
86$179,302,773$48,247,197$32,240,982$144,601,686
87$197,476,178$50,495,831$33,205,577$158,444,434
88$217,499,632$52,851,011$34,198,848$173,668,687
89$239,561,727$55,317,843$35,221,641$190,414,290
90$263,870,285$57,901,679$36,274,828$208,835,315
91$290,654,323$60,608,130$37,359,304$229,101,508
92$320,166,216$63,443,080$38,475,992$251,399,885
93$352,684,073$66,412,695$39,625,841$275,936,497
94$388,514,371$69,523,439$40,809,829$302,938,363
95$427,994,839$72,782,090$42,028,961$332,655,611
96$471,497,653$76,195,753$43,284,272$365,363,834
97$519,432,946$79,771,877$44,576,827$401,366,682
98$572,252,678$83,518,270$45,907,722$440,998,725
99$630,454,906$87,443,121$47,278,086$484,628,603
100$694,588,484$91,555,011$48,689,080$532,662,497