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%12.1%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,193,508
2 years$617,299$605,802$594,660$583,857$573,379$562,710
3 years$407,445$395,899$384,785$374,083$363,775$353,356
4 years$302,538$291,027$280,025$269,506$259,447$249,357
5 years$239,611$228,169$217,311$207,006$197,228$187,497
6 years$197,673$186,317$175,619$165,545$156,060$146,700
7 years$167,729$156,469$145,940$136,103$126,918$117,934
8 years$145,281$134,123$123,769$114,174$105,291$96,682
9 years$127,831$116,778$106,602$97,251$88,670$80,434
10 years$113,879$102,934$92,938$83,831$75,551$67,683
11 years$102,471$91,636$81,821$72,958$64,977$57,470
12 years$92,972$82,248$72,614$63,994$56,307$49,155
13 years$84,940$74,328$64,876$56,497$49,101$42,296
14 years$78,061$67,562$58,292$50,152$43,042$36,574
15 years$72,105$61,719$52,629$44,727$37,897$31,758
16 years$66,899$56,626$47,716$40,048$33,494$27,673
17 years$62,310$52,150$43,420$35,983$29,698$24,186
18 years$58,235$48,189$39,637$32,428$26,406$21,192
19 years$54,593$44,661$36,286$29,301$23,536$18,610
20 years$51,320$41,502$33,301$26,538$21,023$16,373
21 years$48,362$38,657$30,631$24,085$18,813$14,430
22 years$45,677$36,085$28,231$21,899$16,863$12,735
23 years$43,229$33,750$26,066$19,943$15,138$11,253
24 years$40,988$31,621$24,107$18,190$13,606$9,955
25 years$38,930$29,675$22,328$16,612$12,243$8,815
26 years$37,033$27,890$20,708$15,189$11,028$7,812
27 years$35,280$26,247$19,229$13,903$9,943$6,928
28 years$33,655$24,733$17,876$12,738$8,972$6,148
29 years$32,144$23,333$16,635$11,681$8,101$5,460
30 years$30,737$22,035$15,495$10,720$7,320$4,851
31 years$29,423$20,830$14,445$9,846$6,618$4,311
32 years$28,194$19,710$13,478$9,048$5,986$3,834
33 years$27,042$18,666$12,584$8,321$5,418$3,410
34 years$25,960$17,691$11,758$7,656$4,905$3,034
35 years$24,942$16,779$10,993$7,048$4,443$2,701
36 years$23,982$15,926$10,284$6,491$4,025$2,404
37 years$23,077$15,126$9,625$5,980$3,648$2,141
38 years$22,221$14,375$9,014$5,512$3,308$1,907
39 years$21,411$13,669$8,445$5,083$2,999$1,699
40 years$20,644$13,005$7,915$4,688$2,721$1,513
41 years$19,916$12,380$7,422$4,325$2,468$1,348
42 years$19,225$11,790$6,962$3,992$2,240$1,202
43 years$18,567$11,234$6,533$3,685$2,033$1,071
44 years$17,941$10,708$6,132$3,402$1,845$955
45 years$17,345$10,211$5,758$3,142$1,675$851
46 years$16,776$9,741$5,408$2,902$1,521$759
47 years$16,233$9,296$5,081$2,681$1,381$676
48 years$15,714$8,874$4,775$2,478$1,254$603
49 years$15,218$8,474$4,488$2,290$1,139$538
50 years$14,743$8,095$4,219$2,117$1,035$479

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 $6,450 every year, while hoping to spend $42,581 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: 64/6/30 Blend
60$15,100,000$15,100,000$15,100,000$15,100,000
61$16,646,853$15,846,553$15,612,503$17,578,211
62$18,299,526$16,577,728$16,090,216$18,942,010
63$20,119,345$17,343,304$16,582,505$20,426,423
64$22,123,313$18,144,921$17,089,814$22,047,642
65$24,330,168$18,984,299$17,612,600$23,819,131
66$26,760,555$19,863,239$18,151,332$25,755,711
67$29,437,226$20,783,633$18,706,496$27,873,699
68$32,385,251$21,747,459$19,278,592$30,191,054
69$35,632,256$22,756,793$19,868,133$32,727,550
70$39,208,682$23,813,812$20,475,652$35,504,961
71$43,148,074$24,920,795$21,101,693$38,547,256
72$47,487,398$26,080,135$21,746,820$41,880,832
73$52,267,386$27,294,335$22,411,612$45,534,756
74$57,532,926$28,566,024$23,096,668$49,541,035
75$63,333,481$29,897,956$23,802,603$53,934,919
76$69,723,556$31,293,016$24,530,050$58,755,229
77$76,763,216$32,754,231$25,279,664$64,044,719
78$84,518,649$34,284,773$26,052,118$69,850,480
79$93,062,792$35,887,968$26,848,104$76,224,377
80$102,476,020$37,567,301$27,668,338$83,223,539
81$112,846,902$39,326,427$28,513,556$90,910,889
82$124,273,042$41,169,178$29,384,516$99,355,742
83$136,861,995$43,099,570$30,282,000$108,634,450
84$150,732,284$45,121,814$31,206,812$118,831,120
85$166,014,518$47,240,324$32,159,782$130,038,402
86$182,852,628$49,459,729$33,141,764$142,358,365
87$201,405,221$51,784,881$34,153,638$155,903,450
88$221,847,080$54,220,866$35,196,311$170,797,528
89$244,370,811$56,773,018$36,270,717$187,177,068
90$269,188,667$59,446,929$37,377,818$205,192,416
91$296,534,542$62,248,460$38,518,607$225,009,211
92$326,666,189$65,183,758$39,694,104$246,809,944
93$359,867,645$68,259,267$40,905,361$270,795,673
94$396,451,917$71,481,743$42,153,463$297,187,917
95$436,763,935$74,858,271$43,439,526$326,230,741
96$481,183,807$78,396,277$44,764,701$358,193,051
97$530,130,409$82,103,549$46,130,172$393,371,132
98$584,065,339$85,988,251$47,537,161$432,091,430
99$643,497,274$90,058,945$48,986,926$474,713,635
100$708,986,770$94,324,607$50,480,762$521,634,063