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%19.9%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,171,637
2 years$625,475$613,826$602,537$591,591$580,973$532,804
3 years$412,841$401,142$389,881$379,038$368,593$322,179
4 years$306,545$294,882$283,734$273,075$262,884$218,577
5 years$242,784$231,191$220,189$209,748$199,840$157,754
6 years$200,291$188,785$177,945$167,737$158,127$118,288
7 years$169,950$158,541$147,873$137,906$128,599$90,994
8 years$147,205$135,899$125,408$115,686$106,686$71,275
9 years$129,524$118,325$108,014$98,539$89,845$56,575
10 years$115,387$104,297$94,169$84,941$76,552$45,358
11 years$103,829$92,850$82,905$73,924$65,837$36,647
12 years$94,203$83,337$73,576$64,842$57,053$29,787
13 years$86,065$75,312$65,735$57,245$49,752$24,328
14 years$79,095$68,457$59,064$50,816$43,612$19,945
15 years$73,060$62,537$53,326$45,319$38,399$16,401
16 years$67,785$57,376$48,348$40,578$33,937$13,521
17 years$63,135$52,841$43,995$36,459$30,091$11,170
18 years$59,006$48,828$40,162$32,857$26,756$9,242
19 years$55,316$45,253$36,766$29,689$23,848$7,658
20 years$52,000$42,051$33,742$26,889$21,302$6,352
21 years$49,003$39,169$31,036$24,404$19,062$5,274
22 years$46,282$36,563$28,605$22,189$17,087$4,382
23 years$43,802$34,197$26,411$20,208$15,338$3,644
24 years$41,531$32,040$24,426$18,431$13,786$3,031
25 years$39,446$30,068$22,623$16,832$12,405$2,523
26 years$37,524$28,259$20,982$15,390$11,174$2,100
27 years$35,747$26,595$19,484$14,087$10,075$1,749
28 years$34,100$25,060$18,113$12,907$9,091$1,457
29 years$32,570$23,642$16,855$11,836$8,209$1,214
30 years$31,144$22,327$15,700$10,862$7,417$1,011
31 years$29,813$21,106$14,637$9,976$6,706$843
32 years$28,568$19,971$13,656$9,168$6,066$703
33 years$27,400$18,913$12,751$8,431$5,489$586
34 years$26,304$17,925$11,914$7,757$4,970$488
35 years$25,272$17,002$11,139$7,141$4,502$407
36 years$24,300$16,137$10,420$6,577$4,079$339
37 years$23,383$15,326$9,753$6,060$3,697$283
38 years$22,516$14,566$9,133$5,585$3,351$236
39 years$21,695$13,850$8,557$5,150$3,039$197
40 years$20,918$13,178$8,020$4,750$2,757$164
41 years$20,180$12,544$7,520$4,382$2,501$137
42 years$19,479$11,946$7,054$4,044$2,269$114
43 years$18,813$11,382$6,620$3,734$2,059$95
44 years$18,179$10,850$6,214$3,447$1,869$79
45 years$17,574$10,346$5,834$3,184$1,697$66
46 years$16,998$9,870$5,480$2,941$1,541$55
47 years$16,448$9,419$5,148$2,717$1,399$46
48 years$15,922$8,992$4,838$2,511$1,271$38
49 years$15,419$8,587$4,547$2,320$1,154$32
50 years$14,938$8,202$4,275$2,145$1,048$27

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 $4,339 every year, while hoping to spend $36,586 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: 48/37/15 Blend
60$15,300,000$15,300,000$15,300,000$15,300,000
61$16,865,076$16,054,176$15,817,026$17,603,769
62$18,546,386$16,801,903$16,307,969$18,862,569
63$20,397,964$17,585,043$16,814,132$20,224,496
64$22,437,138$18,405,292$17,335,988$21,702,493
65$24,683,003$19,264,428$17,874,020$23,307,425
66$27,156,601$20,164,316$18,428,731$25,051,224
67$29,881,117$21,106,911$19,000,637$26,946,993
68$32,882,103$22,094,261$19,590,269$29,009,125
69$36,187,711$23,128,514$20,198,178$31,253,432
70$39,828,969$24,211,922$20,824,927$33,697,287
71$43,840,063$25,346,845$21,471,102$36,359,779
72$48,258,667$26,535,759$22,137,302$39,261,892
73$53,126,297$27,781,257$22,824,147$42,426,688
74$58,488,701$29,086,060$23,532,278$45,879,520
75$64,396,291$30,453,019$24,262,351$49,648,265
76$70,904,620$31,885,124$25,015,047$53,763,572
77$78,074,905$33,385,510$25,791,065$58,259,150
78$85,974,607$34,957,461$26,591,128$63,172,068
79$94,678,065$36,604,425$27,415,978$68,543,103
80$104,267,198$38,330,012$28,266,384$74,417,106
81$114,832,279$40,138,009$29,143,135$80,843,423
82$126,472,788$42,032,389$30,047,047$87,876,340
83$139,298,349$44,017,312$30,978,959$95,575,592
84$153,429,766$46,097,145$31,939,739$104,006,906
85$169,000,161$48,276,464$32,930,279$113,242,614
86$186,156,233$50,560,067$33,951,500$123,362,321
87$205,059,644$52,952,986$35,004,350$134,453,637
88$225,888,541$55,460,495$36,089,809$146,612,995
89$248,839,238$58,088,125$37,208,884$159,946,540
90$274,128,074$60,841,677$38,362,615$174,571,120
91$301,993,449$63,727,230$39,552,073$190,615,365
92$332,698,077$66,751,162$40,778,365$208,220,887
93$366,531,469$69,920,156$42,042,628$227,543,597
94$403,812,660$73,241,225$43,346,037$248,755,154
95$444,893,224$76,721,717$44,689,802$272,044,568
96$490,160,593$80,369,342$46,075,170$297,619,961
97$540,041,714$84,192,180$47,503,429$325,710,507
98$595,007,078$88,198,707$48,975,904$356,568,572
99$655,575,165$92,397,808$50,493,962$390,472,071
100$722,317,334$96,798,803$52,059,011$427,727,067