Can I retire at age 61 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,171,174
2 years$625,475$613,826$602,537$591,591$580,973$532,352
3 years$412,841$401,142$389,881$379,038$368,593$321,751
4 years$306,545$294,882$283,734$273,075$262,884$218,177
5 years$242,784$231,191$220,189$209,748$199,840$157,382
6 years$200,291$188,785$177,945$167,737$158,127$117,944
7 years$169,950$158,541$147,873$137,906$128,599$90,677
8 years$147,205$135,899$125,408$115,686$106,686$70,984
9 years$129,524$118,325$108,014$98,539$89,845$56,309
10 years$115,387$104,297$94,169$84,941$76,552$45,117
11 years$103,829$92,850$82,905$73,924$65,837$36,428
12 years$94,203$83,337$73,576$64,842$57,053$29,590
13 years$86,065$75,312$65,735$57,245$49,752$24,150
14 years$79,095$68,457$59,064$50,816$43,612$19,785
15 years$73,060$62,537$53,326$45,319$38,399$16,258
16 years$67,785$57,376$48,348$40,578$33,937$13,394
17 years$63,135$52,841$43,995$36,459$30,091$11,056
18 years$59,006$48,828$40,162$32,857$26,756$9,141
19 years$55,316$45,253$36,766$29,689$23,848$7,569
20 years$52,000$42,051$33,742$26,889$21,302$6,273
21 years$49,003$39,169$31,036$24,404$19,062$5,205
22 years$46,282$36,563$28,605$22,189$17,087$4,321
23 years$43,802$34,197$26,411$20,208$15,338$3,590
24 years$41,531$32,040$24,426$18,431$13,786$2,984
25 years$39,446$30,068$22,623$16,832$12,405$2,481
26 years$37,524$28,259$20,982$15,390$11,174$2,064
27 years$35,747$26,595$19,484$14,087$10,075$1,718
28 years$34,100$25,060$18,113$12,907$9,091$1,430
29 years$32,570$23,642$16,855$11,836$8,209$1,190
30 years$31,144$22,327$15,700$10,862$7,417$991
31 years$29,813$21,106$14,637$9,976$6,706$825
32 years$28,568$19,971$13,656$9,168$6,066$687
33 years$27,400$18,913$12,751$8,431$5,489$572
34 years$26,304$17,925$11,914$7,757$4,970$477
35 years$25,272$17,002$11,139$7,141$4,502$397
36 years$24,300$16,137$10,420$6,577$4,079$331
37 years$23,383$15,326$9,753$6,060$3,697$276
38 years$22,516$14,566$9,133$5,585$3,351$230
39 years$21,695$13,850$8,557$5,150$3,039$191
40 years$20,918$13,178$8,020$4,750$2,757$159
41 years$20,180$12,544$7,520$4,382$2,501$133
42 years$19,479$11,946$7,054$4,044$2,269$111
43 years$18,813$11,382$6,620$3,734$2,059$92
44 years$18,179$10,850$6,214$3,447$1,869$77
45 years$17,574$10,346$5,834$3,184$1,697$64
46 years$16,998$9,870$5,480$2,941$1,541$53
47 years$16,448$9,419$5,148$2,717$1,399$44
48 years$15,922$8,992$4,838$2,511$1,271$37
49 years$15,419$8,587$4,547$2,320$1,154$31
50 years$14,938$8,202$4,275$2,145$1,048$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,300,000, adding $6,738 every year, while hoping to spend $31,237 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: 60/11/29 Blend
60$15,300,000$15,300,000$15,300,000$15,300,000
61$16,867,550$16,056,650$15,819,500$17,746,412
62$18,554,804$16,810,190$16,316,218$19,100,916
63$20,413,112$17,599,607$16,828,528$20,574,346
64$22,459,886$18,426,625$17,356,921$22,181,553
65$24,714,318$19,293,053$17,901,901$23,935,584
66$27,197,553$20,200,786$18,463,989$25,850,796
67$29,932,892$21,151,814$19,043,722$27,942,987
68$32,946,014$22,148,219$19,641,653$30,229,540
69$36,265,213$23,192,188$20,258,354$32,729,589
70$39,921,669$24,286,010$20,894,413$35,464,189
71$43,949,742$25,432,087$21,550,439$38,456,521
72$48,387,295$26,632,938$22,227,058$41,732,095
73$53,276,050$27,891,203$22,924,916$45,318,999
74$58,661,986$29,209,651$23,644,679$49,248,151
75$64,595,768$30,591,184$24,387,036$53,553,595
76$71,133,230$32,038,845$25,152,694$58,272,808
77$78,335,896$33,555,825$25,942,386$63,447,062
78$86,271,567$35,145,470$26,756,866$69,121,795
79$95,014,957$36,811,288$27,596,911$75,347,049
80$104,648,399$38,556,958$28,463,324$82,177,926
81$115,262,622$40,386,335$29,356,932$89,675,110
82$126,957,609$42,303,465$30,278,589$97,905,431
83$139,843,538$44,312,588$31,229,174$106,942,493
84$154,041,823$46,418,149$32,209,596$116,867,360
85$169,686,263$48,624,812$33,220,791$127,769,319
86$186,924,299$50,937,465$34,263,724$139,746,711
87$205,918,410$53,361,233$35,339,392$152,907,858
88$226,847,648$55,901,493$36,448,821$167,372,077
89$249,909,322$58,563,882$37,593,072$183,270,797
90$275,320,870$61,354,308$38,773,236$200,748,797
91$303,321,899$64,278,970$39,990,440$219,965,559
92$334,176,461$67,344,367$41,245,848$241,096,772
93$368,175,533$70,557,315$42,540,657$264,335,977
94$405,639,772$73,924,958$43,876,104$289,896,387
95$446,922,540$77,454,791$45,253,464$318,012,891
96$492,413,236$81,154,673$46,674,052$348,944,262
97$542,540,978$85,032,844$48,139,225$382,975,591
98$597,778,649$89,097,945$49,650,381$420,420,964
99$658,647,366$93,359,039$51,208,963$461,626,422
100$725,721,394$97,825,629$52,816,459$506,973,211