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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,152,422
2 years$609,123$597,778$586,784$576,124$565,784$530,093
3 years$402,048$390,655$379,688$369,128$358,957$324,418
4 years$298,531$287,173$276,316$265,936$256,011$222,890
5 years$236,437$225,147$214,432$204,264$194,615$163,001
6 years$195,055$183,849$173,293$163,352$153,993$123,914
7 years$165,507$154,396$144,007$134,301$125,237$96,692
8 years$143,357$132,346$122,130$112,661$103,896$76,868
9 years$126,138$115,231$105,190$95,963$87,496$61,955
10 years$112,371$101,571$91,707$82,721$74,551$50,462
11 years$101,114$90,422$80,738$71,992$64,116$41,437
12 years$91,740$81,158$71,653$63,146$55,562$34,247
13 years$83,815$73,343$64,017$55,749$48,451$28,451
14 years$77,027$66,667$57,519$49,488$42,472$23,735
15 years$71,150$60,902$51,932$44,134$37,395$19,869
16 years$66,013$55,876$47,084$39,517$33,050$16,679
17 years$61,484$51,460$42,845$35,506$29,305$14,034
18 years$57,464$47,551$39,112$31,998$26,056$11,831
19 years$53,870$44,070$35,805$28,913$23,225$9,990
20 years$50,640$40,952$32,860$26,186$20,745$8,447
21 years$47,722$38,145$30,225$23,766$18,564$7,151
22 years$45,072$35,607$27,857$21,609$16,640$6,059
23 years$42,657$33,303$25,721$19,679$14,937$5,138
24 years$40,446$31,202$23,787$17,949$13,426$4,360
25 years$38,415$29,282$22,032$16,392$12,081$3,702
26 years$36,543$27,520$20,434$14,988$10,882$3,144
27 years$34,813$25,900$18,974$13,719$9,811$2,672
28 years$33,209$24,405$17,639$12,569$8,853$2,272
29 years$31,718$23,023$16,415$11,526$7,994$1,932
30 years$30,330$21,743$15,290$10,578$7,223$1,643
31 years$29,034$20,555$14,254$9,715$6,530$1,398
32 years$27,821$19,449$13,299$8,929$5,907$1,189
33 years$26,684$18,418$12,418$8,211$5,346$1,012
34 years$25,616$17,456$11,602$7,554$4,840$862
35 years$24,611$16,557$10,847$6,954$4,384$733
36 years$23,665$15,715$10,147$6,405$3,972$624
37 years$22,771$14,926$9,498$5,901$3,600$532
38 years$21,927$14,185$8,894$5,439$3,264$453
39 years$21,128$13,488$8,333$5,015$2,960$385
40 years$20,371$12,833$7,811$4,626$2,685$328
41 years$19,652$12,216$7,324$4,268$2,435$279
42 years$18,970$11,634$6,870$3,939$2,210$238
43 years$18,321$11,085$6,447$3,636$2,006$203
44 years$17,703$10,566$6,051$3,357$1,821$173
45 years$17,115$10,076$5,682$3,100$1,653$147
46 years$16,553$9,612$5,337$2,864$1,501$125
47 years$16,018$9,173$5,014$2,646$1,363$107
48 years$15,506$8,757$4,711$2,445$1,237$91
49 years$15,016$8,362$4,428$2,260$1,124$77
50 years$14,548$7,988$4,163$2,089$1,021$66

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 $2,478 every year, while hoping to spend $40,070 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: 65/15/20 Blend
60$14,900,000$14,900,000$14,900,000$14,900,000
61$16,422,356$15,632,656$15,401,706$17,406,459
62$18,054,802$16,356,022$15,875,029$18,791,069
63$19,852,415$17,113,490$16,362,865$20,298,830
64$21,831,999$17,906,689$16,865,659$21,945,655
65$24,012,071$18,737,325$17,383,867$23,745,170
66$26,413,037$19,607,189$17,917,961$25,712,370
67$29,057,381$20,518,155$18,468,428$27,863,758
68$31,969,881$21,472,191$19,035,766$30,217,494
69$35,177,837$22,471,357$19,620,493$32,793,565
70$38,711,336$23,517,813$20,223,139$35,613,971
71$42,603,531$24,613,825$20,844,253$38,702,930
72$46,890,955$25,761,765$21,484,399$42,087,101
73$51,613,864$26,964,124$22,144,158$45,795,832
74$56,816,621$28,223,509$22,824,130$49,861,433
75$62,548,111$29,542,656$23,524,933$54,319,479
76$68,862,203$30,924,430$24,247,203$59,209,140
77$75,818,259$32,371,839$24,991,596$64,573,546
78$83,481,695$33,888,032$25,758,787$70,460,188
79$91,924,595$35,476,313$26,549,474$76,921,365
80$101,226,395$37,140,144$27,364,373$84,014,671
81$111,474,632$38,883,156$28,204,225$91,803,532
82$122,765,769$40,709,154$29,069,790$100,357,801
83$135,206,104$42,622,130$29,961,855$109,754,410
84$148,912,777$44,626,265$30,881,227$120,078,092
85$164,014,874$46,725,945$31,828,742$131,422,174
86$180,654,644$48,925,770$32,805,258$143,889,450
87$198,988,844$51,230,559$33,811,661$157,593,146
88$219,190,216$53,645,366$34,848,861$172,657,982
89$241,449,120$56,175,491$35,917,800$189,221,342
90$265,975,330$58,826,490$37,019,446$207,434,560
91$293,000,013$61,604,187$38,154,796$227,464,345
92$322,777,912$64,514,689$39,324,880$249,494,343
93$355,589,751$67,564,402$40,530,756$273,726,864
94$391,744,886$70,760,037$41,773,516$300,384,781
95$431,584,221$74,108,636$43,054,286$329,713,625
96$475,483,431$77,617,579$44,374,224$361,983,893
97$523,856,506$81,294,605$45,734,525$397,493,591
98$577,159,658$85,147,829$47,136,420$436,571,034
99$635,895,630$89,185,759$48,581,177$479,577,940
100$700,618,439$93,417,317$50,070,102$526,912,825