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%16.2%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,158,014
2 years$609,123$597,778$586,784$576,124$565,784$535,622
3 years$402,048$390,655$379,688$369,128$358,957$329,708
4 years$298,531$287,173$276,316$265,936$256,011$227,900
5 years$236,437$225,147$214,432$204,264$194,615$167,722
6 years$195,055$183,849$173,293$163,352$153,993$128,342
7 years$165,507$154,396$144,007$134,301$125,237$100,832
8 years$143,357$132,346$122,130$112,661$103,896$80,725
9 years$126,138$115,231$105,190$95,963$87,496$65,539
10 years$112,371$101,571$91,707$82,721$74,551$53,783
11 years$101,114$90,422$80,738$71,992$64,116$44,506
12 years$91,740$81,158$71,653$63,146$55,562$37,075
13 years$83,815$73,343$64,017$55,749$48,451$31,050
14 years$77,027$66,667$57,519$49,488$42,472$26,119
15 years$71,150$60,902$51,932$44,134$37,395$22,049
16 years$66,013$55,876$47,084$39,517$33,050$18,670
17 years$61,484$51,460$42,845$35,506$29,305$15,847
18 years$57,464$47,551$39,112$31,998$26,056$13,479
19 years$53,870$44,070$35,805$28,913$23,225$11,485
20 years$50,640$40,952$32,860$26,186$20,745$9,800
21 years$47,722$38,145$30,225$23,766$18,564$8,373
22 years$45,072$35,607$27,857$21,609$16,640$7,161
23 years$42,657$33,303$25,721$19,679$14,937$6,130
24 years$40,446$31,202$23,787$17,949$13,426$5,251
25 years$38,415$29,282$22,032$16,392$12,081$4,502
26 years$36,543$27,520$20,434$14,988$10,882$3,861
27 years$34,813$25,900$18,974$13,719$9,811$3,313
28 years$33,209$24,405$17,639$12,569$8,853$2,844
29 years$31,718$23,023$16,415$11,526$7,994$2,443
30 years$30,330$21,743$15,290$10,578$7,223$2,098
31 years$29,034$20,555$14,254$9,715$6,530$1,803
32 years$27,821$19,449$13,299$8,929$5,907$1,550
33 years$26,684$18,418$12,418$8,211$5,346$1,332
34 years$25,616$17,456$11,602$7,554$4,840$1,145
35 years$24,611$16,557$10,847$6,954$4,384$985
36 years$23,665$15,715$10,147$6,405$3,972$847
37 years$22,771$14,926$9,498$5,901$3,600$728
38 years$21,927$14,185$8,894$5,439$3,264$626
39 years$21,128$13,488$8,333$5,015$2,960$539
40 years$20,371$12,833$7,811$4,626$2,685$464
41 years$19,652$12,216$7,324$4,268$2,435$399
42 years$18,970$11,634$6,870$3,939$2,210$343
43 years$18,321$11,085$6,447$3,636$2,006$295
44 years$17,703$10,566$6,051$3,357$1,821$254
45 years$17,115$10,076$5,682$3,100$1,653$219
46 years$16,553$9,612$5,337$2,864$1,501$188
47 years$16,018$9,173$5,014$2,646$1,363$162
48 years$15,506$8,757$4,711$2,445$1,237$139
49 years$15,016$8,362$4,428$2,260$1,124$120
50 years$14,548$7,988$4,163$2,089$1,021$103

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 $4,153 every year, while hoping to spend $27,116 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: 86/6/8 Blend
60$14,900,000$14,900,000$14,900,000$14,900,000
61$16,424,084$15,634,384$15,403,434$17,822,617
62$18,070,489$16,371,617$15,890,598$19,472,721
63$19,883,919$17,144,067$16,393,173$21,281,601
64$21,881,381$17,953,428$16,911,646$23,268,532
65$24,081,618$18,801,482$17,446,522$25,451,430
66$26,505,281$19,690,093$17,998,319$27,850,029
67$29,175,129$20,621,217$18,567,572$30,486,064
68$32,116,240$21,596,904$19,154,833$33,383,477
69$35,356,250$22,619,306$19,760,674$36,568,643
70$38,925,611$23,690,676$20,385,680$40,070,611
71$42,857,883$24,813,379$21,030,460$43,921,386
72$47,190,045$25,989,892$21,695,639$48,156,221
73$51,962,849$27,222,816$22,381,861$52,813,955
74$57,221,200$28,514,874$23,089,794$57,937,373
75$63,014,584$29,868,925$23,820,124$63,573,610
76$69,397,533$31,287,964$24,573,560$69,774,594
77$76,430,140$32,775,133$25,350,833$76,597,534
78$84,178,626$34,333,726$26,152,697$84,105,461
79$92,715,965$35,967,197$26,979,932$92,367,813
80$102,122,573$37,679,169$27,833,338$101,461,098
81$112,487,066$39,473,439$28,713,746$111,469,607
82$123,907,099$41,353,990$29,622,009$122,486,211
83$136,490,286$43,324,999$30,559,009$134,613,233
84$150,355,215$45,390,843$31,525,656$147,963,413
85$165,632,568$47,556,116$32,522,887$162,660,968
86$182,466,357$49,825,632$33,551,670$178,842,762
87$201,015,279$52,204,442$34,613,005$196,659,599
88$221,454,218$54,697,840$35,707,921$216,277,636
89$243,975,893$57,311,379$36,837,481$237,879,956
90$268,792,680$60,050,882$38,002,782$261,668,289
91$296,138,613$62,922,455$39,204,955$287,864,911
92$326,271,597$65,932,501$40,445,166$316,714,744
93$359,475,841$69,087,734$41,724,621$348,487,661
94$396,064,540$72,395,198$43,044,560$383,481,029
95$436,382,836$75,862,275$44,406,265$422,022,517
96$480,811,069$79,496,709$45,811,058$464,473,177
97$529,768,372$83,306,623$47,260,303$511,230,856
98$583,716,630$87,300,531$48,755,407$562,733,941
99$643,164,834$91,487,365$50,297,821$619,465,499
100$708,673,892$95,876,491$51,889,043$681,957,824