Can I retire at age 61 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,183,630
2 years$613,211$601,790$590,722$579,991$569,581$557,002
3 years$404,746$393,277$382,236$371,606$361,366$349,089
4 years$300,535$289,100$278,170$267,721$257,729$245,849
5 years$238,024$226,658$215,871$205,635$195,922$184,473
6 years$196,364$185,083$174,456$164,448$155,026$144,024
7 years$166,618$155,433$144,974$135,202$126,078$115,526
8 years$144,319$133,234$122,949$113,418$104,594$94,492
9 years$126,984$116,005$105,896$96,607$88,083$78,427
10 years$113,125$102,252$92,323$83,276$75,051$65,836
11 years$101,793$91,029$81,280$72,475$64,546$55,763
12 years$92,356$81,703$72,133$63,570$55,935$47,575
13 years$84,377$73,836$64,446$56,123$48,776$40,830
14 years$77,544$67,114$57,905$49,820$42,757$35,214
15 years$71,628$61,310$52,281$44,430$37,646$30,495
16 years$66,456$56,251$47,400$39,783$33,272$26,500
17 years$61,897$51,805$43,132$35,744$29,501$23,096
18 years$57,849$47,870$39,374$32,213$26,231$20,179
19 years$54,232$44,366$36,045$29,107$23,380$17,669
20 years$50,980$41,227$33,081$26,362$20,884$15,500
21 years$48,042$38,401$30,428$23,925$18,689$13,620
22 years$45,375$35,846$28,044$21,754$16,752$11,984
23 years$42,943$33,526$25,894$19,811$15,037$10,557
24 years$40,717$31,412$23,947$18,069$13,516$9,310
25 years$38,672$29,478$22,180$16,502$12,162$8,218
26 years$36,788$27,705$20,571$15,088$10,955$7,260
27 years$35,046$26,074$19,102$13,811$9,877$6,419
28 years$33,432$24,569$17,757$12,654$8,912$5,678
29 years$31,931$23,178$16,525$11,604$8,048$5,026
30 years$30,534$21,889$15,392$10,649$7,272$4,451
31 years$29,228$20,693$14,350$9,780$6,574$3,943
32 years$28,007$19,579$13,389$8,989$5,947$3,494
33 years$26,863$18,542$12,501$8,266$5,382$3,098
34 years$25,788$17,574$11,680$7,605$4,873$2,747
35 years$24,776$16,668$10,920$7,001$4,413$2,437
36 years$23,823$15,821$10,216$6,448$3,999$2,162
37 years$22,924$15,026$9,562$5,941$3,624$1,919
38 years$22,074$14,280$8,954$5,476$3,286$1,703
39 years$21,270$13,579$8,389$5,049$2,980$1,512
40 years$20,507$12,919$7,863$4,657$2,703$1,343
41 years$19,784$12,298$7,373$4,297$2,452$1,192
42 years$19,097$11,712$6,916$3,965$2,225$1,059
43 years$18,444$11,159$6,490$3,660$2,019$940
44 years$17,822$10,637$6,092$3,380$1,833$835
45 years$17,230$10,143$5,720$3,121$1,664$742
46 years$16,665$9,676$5,372$2,883$1,511$659
47 years$16,125$9,234$5,047$2,664$1,372$586
48 years$15,610$8,815$4,743$2,461$1,246$520
49 years$15,117$8,418$4,458$2,275$1,131$462
50 years$14,645$8,041$4,191$2,103$1,028$411

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,000,000, adding $4,934 every year, while hoping to spend $26,176 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: 53/18/29 Blend
60$15,000,000$15,000,000$15,000,000$15,000,000
61$16,535,089$15,740,089$15,507,589$17,277,016
62$18,193,817$16,483,503$15,999,243$18,535,931
63$20,020,858$17,262,466$16,506,489$19,902,209
64$22,033,353$18,078,694$17,029,823$21,388,664
65$24,250,188$18,933,983$17,569,755$23,006,818
66$26,692,178$19,830,218$18,126,812$24,769,341
67$29,382,257$20,769,376$18,701,538$26,690,167
68$32,345,700$21,753,528$19,294,492$28,784,615
69$35,610,357$22,784,847$19,906,254$31,069,535
70$39,206,920$23,865,611$20,537,419$33,563,462
71$43,169,207$24,998,207$21,188,604$36,286,784
72$47,534,488$26,185,141$21,860,444$39,261,931
73$52,343,831$27,429,039$22,553,595$42,513,584
74$57,642,493$28,732,653$23,268,732$46,068,896
75$63,480,346$30,098,872$24,006,553$49,957,750
76$69,912,347$31,530,722$24,767,778$54,213,032
77$76,999,058$33,031,379$25,553,150$58,870,937
78$84,807,217$34,604,171$26,363,435$63,971,300
79$93,410,366$36,252,589$27,199,423$69,557,973
80$102,889,550$37,980,292$28,061,931$75,679,225
81$113,334,078$39,791,121$28,951,799$82,388,194
82$124,842,367$41,689,098$29,869,897$89,743,384
83$137,522,869$43,678,445$30,817,120$97,809,202
84$151,495,100$45,763,587$31,794,391$106,656,565
85$166,890,763$47,949,165$32,802,666$116,363,558
86$183,854,993$50,240,046$33,842,928$127,016,162
87$202,547,728$52,641,334$34,916,191$138,709,059
88$223,145,216$55,158,380$36,023,504$151,546,513
89$245,841,684$57,796,796$37,165,947$165,643,348
90$270,851,165$60,562,468$38,344,635$181,126,017
91$298,409,521$63,461,567$39,560,718$198,133,789
92$328,776,674$66,500,565$40,815,384$216,820,050
93$362,239,052$69,686,250$42,109,856$237,353,742
94$399,112,297$73,025,739$43,445,399$259,920,941
95$439,744,247$76,526,495$44,823,315$284,726,604
96$484,518,215$80,196,348$46,244,951$311,996,492
97$533,856,609$84,043,505$47,711,692$341,979,282
98$588,224,921$88,076,575$49,224,972$374,948,904
99$648,136,122$92,304,586$50,786,268$411,207,111
100$714,155,501$96,737,005$52,397,103$451,086,311