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%18.5%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,185,862
2 years$629,563$617,838$606,475$595,457$584,770$542,729
3 years$415,540$403,764$392,429$381,515$371,002$330,395
4 years$308,549$296,809$285,588$274,860$264,602$225,740
5 years$244,371$232,702$221,628$211,119$201,146$164,131
6 years$201,600$190,019$179,108$168,834$159,160$124,022
7 years$171,061$159,577$148,840$138,807$129,440$96,172
8 years$148,168$136,787$126,228$116,442$107,383$75,959
9 years$130,371$119,098$108,720$99,183$90,432$60,813
10 years$116,142$104,979$94,785$85,497$77,052$49,191
11 years$104,507$93,457$83,447$74,408$66,268$40,107
12 years$94,819$83,882$74,057$65,265$57,426$32,906
13 years$86,627$75,805$66,165$57,620$50,077$27,134
14 years$79,612$68,904$59,450$51,148$43,897$22,464
15 years$73,538$62,945$53,675$45,615$38,650$18,659
16 years$68,228$57,751$48,664$40,844$34,159$15,539
17 years$63,548$53,187$44,283$36,698$30,288$12,970
18 years$59,392$49,147$40,424$33,072$26,931$10,845
19 years$55,678$45,549$37,006$29,883$24,004$9,082
20 years$52,340$42,326$33,963$27,065$21,441$7,615
21 years$49,323$39,425$31,239$24,563$19,187$6,391
22 years$46,585$36,802$28,792$22,334$17,198$5,369
23 years$44,088$34,420$26,584$20,340$15,438$4,514
24 years$41,803$32,249$24,586$18,551$13,876$3,797
25 years$39,704$30,264$22,771$16,942$12,487$3,195
26 years$37,769$28,444$21,119$15,491$11,247$2,690
27 years$35,981$26,769$19,611$14,179$10,141$2,266
28 years$34,323$25,224$18,231$12,991$9,150$1,909
29 years$32,783$23,796$16,966$11,913$8,262$1,609
30 years$31,348$22,473$15,803$10,933$7,465$1,356
31 years$30,008$21,244$14,732$10,041$6,749$1,143
32 years$28,754$20,101$13,746$9,228$6,105$964
33 years$27,579$19,036$12,834$8,486$5,525$813
34 years$26,475$18,042$11,992$7,808$5,003$686
35 years$25,437$17,113$11,211$7,188$4,531$578
36 years$24,459$16,242$10,488$6,620$4,105$488
37 years$23,535$15,427$9,817$6,099$3,721$412
38 years$22,663$14,661$9,193$5,622$3,373$347
39 years$21,837$13,941$8,613$5,183$3,059$293
40 years$21,054$13,264$8,073$4,781$2,775$247
41 years$20,312$12,626$7,570$4,411$2,517$209
42 years$19,606$12,024$7,101$4,071$2,284$176
43 years$18,936$11,457$6,663$3,758$2,073$148
44 years$18,297$10,921$6,254$3,470$1,882$125
45 years$17,689$10,414$5,873$3,204$1,708$106
46 years$17,109$9,934$5,516$2,960$1,551$89
47 years$16,555$9,481$5,182$2,735$1,408$75
48 years$16,026$9,050$4,869$2,527$1,279$64
49 years$15,520$8,643$4,577$2,335$1,162$54
50 years$15,036$8,256$4,303$2,159$1,055$45

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 $6,013 every year, while hoping to spend $20,739 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: 82/6/12 Blend
60$15,400,000$15,400,000$15,400,000$15,400,000
61$16,977,002$16,160,802$15,922,102$18,332,357
62$18,686,591$16,930,616$16,433,427$19,991,636
63$20,569,862$17,737,455$16,961,185$21,809,733
64$22,644,509$18,583,112$17,505,907$23,805,315
65$24,930,031$19,469,466$18,068,137$25,996,186
66$27,447,914$20,398,490$18,648,439$28,401,957
67$30,221,834$21,372,248$19,247,394$31,044,223
68$33,277,882$22,392,909$19,865,603$33,946,775
69$36,644,809$23,462,745$20,503,684$37,135,811
70$40,354,300$24,584,140$21,162,277$40,640,193
71$44,441,267$25,759,592$21,842,043$44,491,708
72$48,944,187$26,991,722$22,543,661$48,725,375
73$53,905,456$28,283,279$23,267,836$53,379,765
74$59,371,797$29,637,144$24,015,294$58,497,370
75$65,394,697$31,056,340$24,786,782$64,124,999
76$72,030,892$32,544,037$25,583,075$70,314,216
77$79,342,906$34,103,558$26,404,971$77,121,830
78$87,399,639$35,738,388$27,253,294$84,610,421
79$96,277,016$37,452,184$28,128,894$92,848,936
80$106,058,709$39,248,778$29,032,649$101,913,333
81$116,836,919$41,132,190$29,965,465$111,887,295
82$128,713,254$43,106,636$30,928,277$122,863,019
83$141,799,683$45,176,538$31,922,051$134,942,084
84$156,219,594$47,346,532$32,947,783$148,236,404
85$172,108,961$49,621,480$34,006,502$162,869,283
86$189,617,624$52,006,483$35,099,270$178,976,578
87$208,910,709$54,506,887$36,227,182$196,707,972
88$230,170,178$57,128,302$37,391,370$216,228,391
89$253,596,557$59,876,609$38,593,001$237,719,549
90$279,410,820$62,757,977$39,833,281$261,381,669
91$307,856,482$65,778,876$41,113,454$287,435,359
92$339,201,893$68,946,091$42,434,805$316,123,699
93$373,742,773$72,266,737$43,798,658$347,714,526
94$411,805,005$75,748,276$45,206,382$382,502,961
95$453,747,710$79,398,535$46,659,390$420,814,185
96$499,966,636$83,225,723$48,159,139$463,006,513
97$550,897,898$87,238,448$49,707,135$509,474,762
98$607,022,089$91,445,739$51,304,930$560,653,979
99$668,868,826$95,857,063$52,954,129$617,023,539
100$737,021,740$100,482,353$54,656,386$679,111,666