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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,211,847
2 years$625,475$613,826$602,537$591,591$580,973$572,706
3 years$412,841$401,142$389,881$379,038$368,593$360,512
4 years$306,545$294,882$283,734$273,075$262,884$255,051
5 years$242,784$231,191$220,189$209,748$199,840$192,279
6 years$200,291$188,785$177,945$167,737$158,127$150,847
7 years$169,950$158,541$147,873$137,906$128,599$121,604
8 years$147,205$135,899$125,408$115,686$106,686$99,975
9 years$129,524$118,325$108,014$98,539$89,845$83,417
10 years$115,387$104,297$94,169$84,941$76,552$70,404
11 years$103,829$92,850$82,905$73,924$65,837$59,964
12 years$94,203$83,337$73,576$64,842$57,053$51,450
13 years$86,065$75,312$65,735$57,245$49,752$44,413
14 years$79,095$68,457$59,064$50,816$43,612$38,531
15 years$73,060$62,537$53,326$45,319$38,399$33,570
16 years$67,785$57,376$48,348$40,578$33,937$29,352
17 years$63,135$52,841$43,995$36,459$30,091$25,742
18 years$59,006$48,828$40,162$32,857$26,756$22,636
19 years$55,316$45,253$36,766$29,689$23,848$19,949
20 years$52,000$42,051$33,742$26,889$21,302$17,615
21 years$49,003$39,169$31,036$24,404$19,062$15,582
22 years$46,282$36,563$28,605$22,189$17,087$13,803
23 years$43,802$34,197$26,411$20,208$15,338$12,243
24 years$41,531$32,040$24,426$18,431$13,786$10,872
25 years$39,446$30,068$22,623$16,832$12,405$9,664
26 years$37,524$28,259$20,982$15,390$11,174$8,598
27 years$35,747$26,595$19,484$14,087$10,075$7,656
28 years$34,100$25,060$18,113$12,907$9,091$6,822
29 years$32,570$23,642$16,855$11,836$8,209$6,082
30 years$31,144$22,327$15,700$10,862$7,417$5,425
31 years$29,813$21,106$14,637$9,976$6,706$4,842
32 years$28,568$19,971$13,656$9,168$6,066$4,323
33 years$27,400$18,913$12,751$8,431$5,489$3,862
34 years$26,304$17,925$11,914$7,757$4,970$3,450
35 years$25,272$17,002$11,139$7,141$4,502$3,084
36 years$24,300$16,137$10,420$6,577$4,079$2,757
37 years$23,383$15,326$9,753$6,060$3,697$2,465
38 years$22,516$14,566$9,133$5,585$3,351$2,205
39 years$21,695$13,850$8,557$5,150$3,039$1,973
40 years$20,918$13,178$8,020$4,750$2,757$1,765
41 years$20,180$12,544$7,520$4,382$2,501$1,580
42 years$19,479$11,946$7,054$4,044$2,269$1,414
43 years$18,813$11,382$6,620$3,734$2,059$1,265
44 years$18,179$10,850$6,214$3,447$1,869$1,133
45 years$17,574$10,346$5,834$3,184$1,697$1,014
46 years$16,998$9,870$5,480$2,941$1,541$908
47 years$16,448$9,419$5,148$2,717$1,399$813
48 years$15,922$8,992$4,838$2,511$1,271$728
49 years$15,419$8,587$4,547$2,320$1,154$652
50 years$14,938$8,202$4,275$2,145$1,048$584

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 $2,586 every year, while hoping to spend $52,373 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: 50/43/7 Blend
60$15,300,000$15,300,000$15,300,000$15,300,000
61$16,863,267$16,052,367$15,815,217$17,676,355
62$18,527,596$16,783,209$16,289,303$18,961,704
63$20,359,931$17,548,106$16,777,515$20,351,793
64$22,377,354$18,348,673$17,280,271$21,861,011
65$24,598,686$19,186,600$17,798,002$23,500,523
66$27,044,667$20,063,659$18,331,151$25,282,588
67$29,738,152$20,981,707$18,880,172$27,220,668
68$32,704,322$21,942,689$19,445,537$29,329,552
69$35,970,927$22,948,645$20,027,726$31,625,484
70$39,568,545$24,001,712$20,627,239$34,126,312
71$43,530,870$25,104,129$21,244,585$36,851,650
72$47,895,032$26,258,245$21,880,292$39,823,053
73$52,701,945$27,466,518$22,534,901$43,064,214
74$57,996,694$28,731,528$23,208,971$46,601,178
75$63,828,960$30,055,977$23,903,075$50,462,581
76$70,253,491$31,442,697$24,617,805$54,679,907
77$77,330,614$32,894,656$25,353,769$59,287,783
78$85,126,809$34,414,967$26,111,592$64,324,285
79$93,715,333$36,006,889$26,891,919$69,831,297
80$103,176,912$37,673,841$27,695,413$75,854,889
81$113,600,504$39,419,407$28,522,757$82,445,744
82$125,084,138$41,247,341$29,374,653$89,659,618
83$137,735,840$43,161,580$30,251,823$97,557,863
84$151,674,648$45,166,250$31,155,011$106,207,985
85$167,031,741$47,265,676$32,084,984$115,684,268
86$183,951,676$49,464,391$33,042,528$126,068,467
87$202,593,750$51,767,149$34,028,455$137,450,557
88$223,133,503$54,178,930$35,043,599$149,929,567
89$245,764,380$56,704,957$36,088,819$163,614,504
90$270,699,551$59,350,704$37,164,999$178,625,359
91$298,173,927$62,121,910$38,273,048$195,094,220
92$328,446,373$65,024,590$39,413,901$213,166,506
93$361,802,159$68,065,050$40,588,522$233,002,314
94$398,555,644$71,249,902$41,797,902$254,777,909
95$439,053,248$74,586,076$43,043,061$278,687,371
96$483,676,724$78,080,838$44,325,048$304,944,397
97$532,846,755$81,741,805$45,644,943$333,784,300
98$587,026,933$85,576,962$47,003,857$365,466,199
99$646,728,127$89,594,680$48,402,933$400,275,444
100$712,513,314$93,803,737$49,843,349$438,526,280