Can I retire at age 61 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,195,421
2 years$629,563$617,838$606,475$595,457$584,770$552,158
3 years$415,540$403,764$392,429$381,515$371,002$339,394
4 years$308,549$296,809$285,588$274,860$264,602$234,241
5 years$244,371$232,702$221,628$211,119$201,146$172,116
6 years$201,600$190,019$179,108$168,834$159,160$131,489
7 years$171,061$159,577$148,840$138,807$129,440$103,129
8 years$148,168$136,787$126,228$116,442$107,383$82,419
9 years$130,371$119,098$108,720$99,183$90,432$66,793
10 years$116,142$104,979$94,785$85,497$77,052$54,709
11 years$104,507$93,457$83,447$74,408$66,268$45,186
12 years$94,819$83,882$74,057$65,265$57,426$37,567
13 years$86,627$75,805$66,165$57,620$50,077$31,400
14 years$79,612$68,904$59,450$51,148$43,897$26,358
15 years$73,538$62,945$53,675$45,615$38,650$22,205
16 years$68,228$57,751$48,664$40,844$34,159$18,761
17 years$63,548$53,187$44,283$36,698$30,288$15,890
18 years$59,392$49,147$40,424$33,072$26,931$13,485
19 years$55,678$45,549$37,006$29,883$24,004$11,464
20 years$52,340$42,326$33,963$27,065$21,441$9,760
21 years$49,323$39,425$31,239$24,563$19,187$8,320
22 years$46,585$36,802$28,792$22,334$17,198$7,099
23 years$44,088$34,420$26,584$20,340$15,438$6,063
24 years$41,803$32,249$24,586$18,551$13,876$5,181
25 years$39,704$30,264$22,771$16,942$12,487$4,431
26 years$37,769$28,444$21,119$15,491$11,247$3,791
27 years$35,981$26,769$19,611$14,179$10,141$3,246
28 years$34,323$25,224$18,231$12,991$9,150$2,779
29 years$32,783$23,796$16,966$11,913$8,262$2,381
30 years$31,348$22,473$15,803$10,933$7,465$2,040
31 years$30,008$21,244$14,732$10,041$6,749$1,749
32 years$28,754$20,101$13,746$9,228$6,105$1,499
33 years$27,579$19,036$12,834$8,486$5,525$1,285
34 years$26,475$18,042$11,992$7,808$5,003$1,102
35 years$25,437$17,113$11,211$7,188$4,531$946
36 years$24,459$16,242$10,488$6,620$4,105$811
37 years$23,535$15,427$9,817$6,099$3,721$696
38 years$22,663$14,661$9,193$5,622$3,373$597
39 years$21,837$13,941$8,613$5,183$3,059$512
40 years$21,054$13,264$8,073$4,781$2,775$439
41 years$20,312$12,626$7,570$4,411$2,517$377
42 years$19,606$12,024$7,101$4,071$2,284$324
43 years$18,936$11,457$6,663$3,758$2,073$278
44 years$18,297$10,921$6,254$3,470$1,882$238
45 years$17,689$10,414$5,873$3,204$1,708$205
46 years$17,109$9,934$5,516$2,960$1,551$176
47 years$16,555$9,481$5,182$2,735$1,408$151
48 years$16,026$9,050$4,869$2,527$1,279$129
49 years$15,520$8,643$4,577$2,335$1,162$111
50 years$15,036$8,256$4,303$2,159$1,055$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,400,000, adding $6,555 every year, while hoping to spend $52,617 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: 58/30/12 Blend
60$15,400,000$15,400,000$15,400,000$15,400,000
61$16,977,561$16,161,361$15,922,661$17,911,561
62$18,653,289$16,897,284$16,400,087$19,278,310
63$20,498,177$17,667,503$16,891,742$20,760,989
64$22,529,424$18,473,644$17,398,049$22,375,908
65$24,765,982$19,317,410$17,919,440$24,135,768
66$27,228,734$20,200,585$18,456,363$26,054,536
67$29,940,690$21,125,039$19,009,276$28,147,563
68$32,927,206$22,092,731$19,578,653$30,431,732
69$36,216,223$23,105,717$20,164,980$32,925,608
70$39,838,528$24,166,148$20,768,757$35,649,609
71$43,828,049$25,276,279$21,390,501$38,626,194
72$48,222,169$26,438,476$22,030,742$41,880,068
73$53,062,084$27,655,216$22,690,026$45,438,408
74$58,393,191$28,929,095$23,368,916$49,331,117
75$64,265,512$30,262,836$24,067,990$53,591,096
76$70,734,170$31,659,291$24,787,844$58,254,550
77$77,859,909$33,121,450$25,529,090$63,361,320
78$85,709,665$34,652,447$26,292,360$68,955,255
79$94,357,200$36,255,566$27,078,303$75,084,613
80$103,883,796$37,934,250$27,887,588$81,802,514
81$114,379,023$39,692,108$28,720,901$89,167,428
82$125,941,583$41,532,922$29,578,952$97,243,722
83$138,680,246$43,460,656$30,462,468$106,102,252
84$152,714,870$45,479,467$31,372,200$115,821,031
85$168,177,536$47,593,711$32,308,918$126,485,945
86$185,213,796$49,807,953$33,273,418$138,191,560
87$203,984,042$52,126,982$34,266,516$151,042,002
88$224,665,024$54,555,813$35,289,054$165,151,925
89$247,451,516$57,099,708$36,341,897$180,647,584
90$272,558,156$59,764,179$37,425,936$197,668,013
91$300,221,471$62,555,007$38,542,088$216,366,323
92$330,702,109$65,478,250$39,691,296$236,911,135
93$364,287,301$68,540,261$40,874,531$259,488,154
94$401,293,569$71,747,698$42,092,791$284,301,909
95$442,069,720$75,107,542$43,347,107$311,577,667
96$487,000,130$78,627,110$44,638,534$341,563,541
97$536,508,381$82,314,076$45,968,161$374,532,817
98$591,061,251$86,176,481$47,337,110$410,786,512
99$651,173,128$90,222,758$48,746,533$450,656,199
100$717,410,861$94,461,747$50,197,616$494,507,114