Can I retire at age 61 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,174,681
2 years$621,387$609,814$598,598$587,724$577,176$539,835
3 years$410,143$398,520$387,333$376,560$366,184$330,062
4 years$304,542$292,955$281,879$271,291$261,166$226,538
5 years$241,198$229,680$218,750$208,377$198,534$165,495
6 years$198,982$187,551$176,782$166,641$157,093$125,672
7 years$168,840$157,505$146,907$137,005$127,759$97,953
8 years$146,243$135,011$124,589$114,930$105,988$77,778
9 years$128,678$117,551$107,308$97,895$89,257$62,613
10 years$114,633$103,616$93,554$84,386$76,052$50,933
11 years$103,150$92,243$82,363$73,441$65,407$41,771
12 years$93,587$82,792$73,095$64,418$56,680$34,477
13 years$85,502$74,820$65,306$56,871$49,426$28,603
14 years$78,578$68,009$58,678$50,484$43,327$23,829
15 years$72,583$62,128$52,978$45,023$38,148$19,919
16 years$67,342$57,001$48,032$40,313$33,716$16,697
17 years$62,722$52,496$43,707$36,221$29,895$14,029
18 years$58,621$48,509$39,899$32,642$26,581$11,809
19 years$54,955$44,957$36,526$29,495$23,692$9,957
20 years$51,660$41,776$33,522$26,714$21,162$8,406
21 years$48,683$38,913$30,833$24,244$18,938$7,105
22 years$45,980$36,324$28,418$22,044$16,975$6,011
23 years$43,515$33,973$26,239$20,076$15,238$5,089
24 years$41,260$31,831$24,266$18,310$13,696$4,311
25 years$39,188$29,871$22,476$16,722$12,324$3,655
26 years$37,279$28,074$20,845$15,290$11,101$3,100
27 years$35,514$26,421$19,356$13,995$10,009$2,630
28 years$33,877$24,897$17,994$12,822$9,031$2,232
29 years$32,357$23,487$16,745$11,758$8,155$1,895
30 years$30,941$22,181$15,598$10,791$7,368$1,609
31 years$29,618$20,968$14,541$9,911$6,662$1,367
32 years$28,381$19,840$13,567$9,108$6,026$1,161
33 years$27,221$18,789$12,668$8,376$5,454$986
34 years$26,132$17,808$11,836$7,707$4,938$838
35 years$25,107$16,890$11,066$7,094$4,472$712
36 years$24,141$16,032$10,352$6,534$4,052$605
37 years$23,230$15,226$9,689$6,020$3,672$515
38 years$22,368$14,470$9,073$5,549$3,329$437
39 years$21,553$13,760$8,501$5,116$3,019$372
40 years$20,781$13,091$7,968$4,719$2,739$316
41 years$20,048$12,462$7,471$4,354$2,485$269
42 years$19,352$11,868$7,008$4,018$2,254$228
43 years$18,690$11,308$6,576$3,709$2,046$194
44 years$18,060$10,779$6,173$3,425$1,857$165
45 years$17,459$10,279$5,796$3,163$1,686$140
46 years$16,887$9,805$5,444$2,922$1,531$119
47 years$16,340$9,357$5,115$2,699$1,390$102
48 years$15,818$8,933$4,806$2,494$1,262$86
49 years$15,318$8,530$4,518$2,305$1,147$73
50 years$14,841$8,149$4,247$2,131$1,041$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,200,000, adding $4,026 every year, while hoping to spend $59,795 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: 62/19/19 Blend
60$15,200,000$15,200,000$15,200,000$15,200,000
61$16,754,553$15,948,953$15,713,353$17,711,391
62$18,399,896$16,666,830$16,176,129$19,074,857
63$20,211,060$17,417,879$16,652,404$20,555,690
64$22,204,895$18,203,663$17,142,566$22,170,987
65$24,399,969$19,025,817$17,647,017$23,933,837
66$26,816,742$19,886,058$18,166,168$25,858,644
67$29,477,756$20,786,181$18,700,441$27,961,251
68$32,407,854$21,728,071$19,250,273$30,259,091
69$35,634,407$22,713,699$19,816,109$32,771,348
70$39,187,579$23,745,132$20,398,411$35,519,133
71$43,100,607$24,824,538$20,997,652$38,525,678
72$47,410,113$25,954,185$21,614,318$41,816,556
73$52,156,457$27,136,452$22,248,910$45,419,913
74$57,384,108$28,373,831$22,901,942$49,366,731
75$63,142,073$29,668,935$23,573,942$53,691,116
76$69,484,351$31,024,499$24,265,455$58,430,617
77$76,470,447$32,443,391$24,977,041$63,626,572
78$84,165,934$33,928,619$25,709,273$69,324,493
79$92,643,068$35,483,331$26,462,743$75,574,496
80$101,981,476$37,110,828$27,238,059$82,431,758
81$112,268,898$38,814,570$28,035,846$89,957,043
82$123,602,025$40,598,184$28,856,746$98,217,262
83$136,087,404$42,465,467$29,701,419$107,286,099
84$149,842,448$44,420,404$30,570,546$117,244,703
85$164,996,541$46,467,167$31,464,823$128,182,444
86$181,692,262$48,610,133$32,384,968$140,197,750
87$200,086,729$50,853,884$33,331,720$153,399,029
88$220,353,079$53,203,229$34,305,836$167,905,684
89$242,682,108$55,663,202$35,308,097$183,849,230
90$267,284,068$58,239,084$36,339,303$201,374,530
91$294,390,652$60,936,408$37,400,279$220,641,152
92$324,257,181$63,760,975$38,491,872$241,824,863
93$357,165,015$66,718,864$39,614,951$265,119,283
94$393,424,207$69,816,449$40,770,412$290,737,698
95$433,376,429$73,060,408$41,959,174$318,915,066
96$477,398,201$76,457,744$43,182,182$349,910,221
97$525,904,441$80,015,797$44,440,409$384,008,306
98$579,352,384$83,742,261$45,734,852$421,523,451
99$638,245,896$87,645,201$47,066,539$462,801,729
100$703,140,233$91,733,071$48,436,523$508,224,404