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%18.2%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,148,735
2 years$609,123$597,778$586,784$576,124$565,784$526,460
3 years$402,048$390,655$379,688$369,128$358,957$320,954
4 years$298,531$287,173$276,316$265,936$256,011$219,621
5 years$236,437$225,147$214,432$204,264$194,615$159,936
6 years$195,055$183,849$173,293$163,352$153,993$121,051
7 years$165,507$154,396$144,007$134,301$125,237$94,029
8 years$143,357$132,346$122,130$112,661$103,896$74,399
9 years$126,138$115,231$105,190$95,963$87,496$59,673
10 years$112,371$101,571$91,707$82,721$74,551$48,360
11 years$101,114$90,422$80,738$71,992$64,116$39,506
12 years$91,740$81,158$71,653$63,146$55,562$32,478
13 years$83,815$73,343$64,017$55,749$48,451$26,836
14 years$77,027$66,667$57,519$49,488$42,472$22,263
15 years$71,150$60,902$51,932$44,134$37,395$18,532
16 years$66,013$55,876$47,084$39,517$33,050$15,467
17 years$61,484$51,460$42,845$35,506$29,305$12,938
18 years$57,464$47,551$39,112$31,998$26,056$10,843
19 years$53,870$44,070$35,805$28,913$23,225$9,100
20 years$50,640$40,952$32,860$26,186$20,745$7,648
21 years$47,722$38,145$30,225$23,766$18,564$6,434
22 years$45,072$35,607$27,857$21,609$16,640$5,418
23 years$42,657$33,303$25,721$19,679$14,937$4,565
24 years$40,446$31,202$23,787$17,949$13,426$3,849
25 years$38,415$29,282$22,032$16,392$12,081$3,247
26 years$36,543$27,520$20,434$14,988$10,882$2,741
27 years$34,813$25,900$18,974$13,719$9,811$2,314
28 years$33,209$24,405$17,639$12,569$8,853$1,955
29 years$31,718$23,023$16,415$11,526$7,994$1,651
30 years$30,330$21,743$15,290$10,578$7,223$1,395
31 years$29,034$20,555$14,254$9,715$6,530$1,179
32 years$27,821$19,449$13,299$8,929$5,907$997
33 years$26,684$18,418$12,418$8,211$5,346$843
34 years$25,616$17,456$11,602$7,554$4,840$712
35 years$24,611$16,557$10,847$6,954$4,384$602
36 years$23,665$15,715$10,147$6,405$3,972$509
37 years$22,771$14,926$9,498$5,901$3,600$431
38 years$21,927$14,185$8,894$5,439$3,264$364
39 years$21,128$13,488$8,333$5,015$2,960$308
40 years$20,371$12,833$7,811$4,626$2,685$261
41 years$19,652$12,216$7,324$4,268$2,435$221
42 years$18,970$11,634$6,870$3,939$2,210$187
43 years$18,321$11,085$6,447$3,636$2,006$158
44 years$17,703$10,566$6,051$3,357$1,821$133
45 years$17,115$10,076$5,682$3,100$1,653$113
46 years$16,553$9,612$5,337$2,864$1,501$96
47 years$16,018$9,173$5,014$2,646$1,363$81
48 years$15,506$8,757$4,711$2,445$1,237$68
49 years$15,016$8,362$4,428$2,260$1,124$58
50 years$14,548$7,988$4,163$2,089$1,021$49

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 $6,360 every year, while hoping to spend $20,009 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: 67/14/19 Blend
60$14,900,000$14,900,000$14,900,000$14,900,000
61$16,426,360$15,636,660$15,405,710$17,449,246
62$18,080,560$16,381,567$15,900,512$18,879,438
63$19,902,817$17,162,304$16,411,219$20,439,882
64$21,910,252$17,980,605$16,938,343$22,145,793
65$24,121,733$18,838,289$17,482,413$24,011,471
66$26,558,048$19,737,264$18,043,972$26,052,654
67$29,242,108$20,679,530$18,623,585$28,286,662
68$32,199,160$21,667,183$19,221,831$30,732,557
69$35,457,023$22,702,424$19,839,311$33,411,320
70$39,046,355$23,787,558$20,476,643$36,346,048
71$43,000,939$24,925,004$21,134,467$39,562,164
72$47,358,004$26,117,299$21,813,441$43,087,659
73$52,158,575$27,367,101$22,514,246$46,953,347
74$57,447,861$28,677,201$23,237,585$51,193,156
75$63,275,682$30,050,522$23,984,183$55,844,440
76$69,696,937$31,490,133$24,754,788$60,948,332
77$76,772,124$32,999,249$25,550,173$66,550,125
78$84,567,912$34,581,245$26,371,136$72,699,694
79$93,157,770$36,239,656$27,218,499$79,451,966
80$102,622,657$37,978,193$28,093,113$86,867,429
81$113,051,790$39,800,747$28,995,855$95,012,698
82$124,543,486$41,711,397$29,927,629$103,961,141
83$137,206,088$43,714,422$30,889,371$113,793,565
84$151,158,989$45,814,309$31,882,045$124,598,971
85$166,533,759$48,015,763$32,906,647$136,475,388
86$183,475,388$50,323,720$33,964,205$149,530,796
87$202,143,650$52,743,356$35,055,779$163,884,130
88$222,714,620$55,280,097$36,182,464$179,666,406
89$245,382,326$57,939,637$37,345,392$197,021,941
90$270,360,588$60,727,945$38,545,728$216,109,713
91$297,885,036$63,651,282$39,784,678$237,104,851
92$328,215,329$66,716,213$41,063,483$260,200,283
93$361,637,611$69,929,627$42,383,429$285,608,542
94$398,467,212$73,298,743$43,745,838$313,563,771
95$439,051,623$76,831,137$45,152,079$344,323,916
96$483,773,778$80,534,752$46,603,563$378,173,158
97$533,055,667$84,417,919$48,101,747$415,424,578
98$587,362,324$88,489,375$49,648,134$456,423,107
99$647,206,211$92,758,285$51,244,277$501,548,769
100$713,152,063$97,234,259$52,891,778$551,220,254