Can I retire at age 61 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,166,018
2 years$617,299$605,802$594,660$583,857$573,379$535,362
3 years$407,445$395,899$384,785$374,083$363,775$327,011
4 years$302,538$291,027$280,025$269,506$259,447$224,218
5 years$239,611$228,169$217,311$207,006$197,228$163,628
6 years$197,673$186,317$175,619$165,545$156,060$124,117
7 years$167,729$156,469$145,940$136,103$126,918$96,631
8 years$145,281$134,123$123,769$114,174$105,291$76,638
9 years$127,831$116,778$106,602$97,251$88,670$61,620
10 years$113,879$102,934$92,938$83,831$75,551$50,063
11 years$102,471$91,636$81,821$72,958$64,977$41,004
12 years$92,972$82,248$72,614$63,994$56,307$33,799
13 years$84,940$74,328$64,876$56,497$49,101$28,003
14 years$78,061$67,562$58,292$50,152$43,042$23,297
15 years$72,105$61,719$52,629$44,727$37,897$19,447
16 years$66,899$56,626$47,716$40,048$33,494$16,278
17 years$62,310$52,150$43,420$35,983$29,698$13,656
18 years$58,235$48,189$39,637$32,428$26,406$11,479
19 years$54,593$44,661$36,286$29,301$23,536$9,663
20 years$51,320$41,502$33,301$26,538$21,023$8,146
21 years$48,362$38,657$30,631$24,085$18,813$6,874
22 years$45,677$36,085$28,231$21,899$16,863$5,806
23 years$43,229$33,750$26,066$19,943$15,138$4,908
24 years$40,988$31,621$24,107$18,190$13,606$4,152
25 years$38,930$29,675$22,328$16,612$12,243$3,514
26 years$37,033$27,890$20,708$15,189$11,028$2,975
27 years$35,280$26,247$19,229$13,903$9,943$2,520
28 years$33,655$24,733$17,876$12,738$8,972$2,136
29 years$32,144$23,333$16,635$11,681$8,101$1,810
30 years$30,737$22,035$15,495$10,720$7,320$1,534
31 years$29,423$20,830$14,445$9,846$6,618$1,301
32 years$28,194$19,710$13,478$9,048$5,986$1,104
33 years$27,042$18,666$12,584$8,321$5,418$936
34 years$25,960$17,691$11,758$7,656$4,905$794
35 years$24,942$16,779$10,993$7,048$4,443$674
36 years$23,982$15,926$10,284$6,491$4,025$572
37 years$23,077$15,126$9,625$5,980$3,648$485
38 years$22,221$14,375$9,014$5,512$3,308$412
39 years$21,411$13,669$8,445$5,083$2,999$349
40 years$20,644$13,005$7,915$4,688$2,721$296
41 years$19,916$12,380$7,422$4,325$2,468$252
42 years$19,225$11,790$6,962$3,992$2,240$214
43 years$18,567$11,234$6,533$3,685$2,033$181
44 years$17,941$10,708$6,132$3,402$1,845$154
45 years$17,345$10,211$5,758$3,142$1,675$131
46 years$16,776$9,741$5,408$2,902$1,521$111
47 years$16,233$9,296$5,081$2,681$1,381$94
48 years$15,714$8,874$4,775$2,478$1,254$80
49 years$15,218$8,474$4,488$2,290$1,139$68
50 years$14,743$8,095$4,219$2,117$1,035$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,100,000, adding $6,227 every year, while hoping to spend $24,249 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: 67/12/21 Blend
60$15,100,000$15,100,000$15,100,000$15,100,000
61$16,646,623$15,846,323$15,612,273$17,673,491
62$18,318,778$16,596,992$16,109,484$19,113,134
63$20,160,680$17,383,631$16,622,538$20,683,523
64$22,189,617$18,207,978$17,151,941$22,400,304
65$24,424,642$19,071,852$17,698,214$24,277,888
66$26,886,747$19,977,164$18,261,896$26,332,130
67$29,599,066$20,925,917$18,843,541$28,580,485
68$32,587,094$21,920,209$19,443,722$31,042,164
69$35,878,921$22,962,243$20,063,030$33,738,314
70$39,505,504$24,054,326$20,702,075$36,692,214
71$43,500,958$25,198,880$21,361,487$39,929,494
72$47,902,873$26,398,443$22,041,915$43,478,369
73$52,752,675$27,655,676$22,744,028$47,369,906
74$58,096,015$28,973,371$23,468,519$51,638,311
75$63,983,195$30,354,453$24,216,102$56,321,250
76$70,469,652$31,801,992$24,987,512$61,460,198
77$77,616,473$33,319,206$25,783,510$67,100,830
78$85,490,975$34,909,469$26,604,879$73,293,444
79$94,167,341$36,576,320$27,452,430$80,093,432
80$103,727,320$38,323,470$28,326,997$87,561,802
81$114,260,997$40,154,809$29,229,441$95,765,743
82$125,867,643$42,074,420$30,160,652$104,779,259
83$138,656,657$44,086,580$31,121,547$114,683,861
84$152,748,590$46,195,777$32,113,074$125,569,327
85$168,276,293$48,406,717$33,136,209$137,534,551
86$185,386,163$50,724,335$34,191,960$150,688,464
87$204,239,530$53,153,804$35,281,368$165,151,059
88$225,014,174$55,700,553$36,405,507$181,054,516
89$247,906,012$58,370,273$37,565,483$198,544,443
90$273,130,940$61,168,931$38,762,442$217,781,246
91$300,926,874$64,102,787$39,997,562$238,941,631
92$331,555,996$67,178,403$41,272,060$262,220,269
93$365,307,227$70,402,665$42,587,194$287,831,620
94$402,498,958$73,782,789$43,944,259$316,011,956
95$443,482,053$77,326,347$45,344,592$347,021,577
96$488,643,162$81,041,278$46,789,576$381,147,261
97$538,408,371$84,935,907$48,280,633$418,704,963
98$593,247,225$89,018,967$49,819,235$460,042,784
99$653,677,160$93,299,614$51,406,897$505,544,250
100$720,268,388$97,787,453$53,045,186$555,631,921