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%13%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,212,672
2 years$629,563$617,838$606,475$595,457$584,770$569,330
3 years$415,540$403,764$392,429$381,515$371,002$355,946
4 years$308,549$296,809$285,588$274,860$264,602$250,046
5 years$244,371$232,702$221,628$211,119$201,146$187,133
6 years$201,600$190,019$179,108$168,834$159,160$145,707
7 years$171,061$159,577$148,840$138,807$129,440$116,551
8 years$148,168$136,787$126,228$116,442$107,383$95,057
9 years$130,371$119,098$108,720$99,183$90,432$78,665
10 years$116,142$104,979$94,785$85,497$77,052$65,835
11 years$104,507$93,457$83,447$74,408$66,268$55,591
12 years$94,819$83,882$74,057$65,265$57,426$47,277
13 years$86,627$75,805$66,165$57,620$50,077$40,443
14 years$79,612$68,904$59,450$51,148$43,897$34,764
15 years$73,538$62,945$53,675$45,615$38,650$30,004
16 years$68,228$57,751$48,664$40,844$34,159$25,983
17 years$63,548$53,187$44,283$36,698$30,288$22,566
18 years$59,392$49,147$40,424$33,072$26,931$19,646
19 years$55,678$45,549$37,006$29,883$24,004$17,140
20 years$52,340$42,326$33,963$27,065$21,441$14,981
21 years$49,323$39,425$31,239$24,563$19,187$13,114
22 years$46,585$36,802$28,792$22,334$17,198$11,496
23 years$44,088$34,420$26,584$20,340$15,438$10,088
24 years$41,803$32,249$24,586$18,551$13,876$8,863
25 years$39,704$30,264$22,771$16,942$12,487$7,793
26 years$37,769$28,444$21,119$15,491$11,247$6,857
27 years$35,981$26,769$19,611$14,179$10,141$6,038
28 years$34,323$25,224$18,231$12,991$9,150$5,320
29 years$32,783$23,796$16,966$11,913$8,262$4,690
30 years$31,348$22,473$15,803$10,933$7,465$4,136
31 years$30,008$21,244$14,732$10,041$6,749$3,649
32 years$28,754$20,101$13,746$9,228$6,105$3,221
33 years$27,579$19,036$12,834$8,486$5,525$2,844
34 years$26,475$18,042$11,992$7,808$5,003$2,511
35 years$25,437$17,113$11,211$7,188$4,531$2,218
36 years$24,459$16,242$10,488$6,620$4,105$1,960
37 years$23,535$15,427$9,817$6,099$3,721$1,732
38 years$22,663$14,661$9,193$5,622$3,373$1,531
39 years$21,837$13,941$8,613$5,183$3,059$1,353
40 years$21,054$13,264$8,073$4,781$2,775$1,196
41 years$20,312$12,626$7,570$4,411$2,517$1,058
42 years$19,606$12,024$7,101$4,071$2,284$935
43 years$18,936$11,457$6,663$3,758$2,073$827
44 years$18,297$10,921$6,254$3,470$1,882$732
45 years$17,689$10,414$5,873$3,204$1,708$647
46 years$17,109$9,934$5,516$2,960$1,551$572
47 years$16,555$9,481$5,182$2,735$1,408$506
48 years$16,026$9,050$4,869$2,527$1,279$448
49 years$15,520$8,643$4,577$2,335$1,162$396
50 years$15,036$8,256$4,303$2,159$1,055$351

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 $6,745 every year, while hoping to spend $53,708 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: 81/9/10 Blend
60$15,400,000$15,400,000$15,400,000$15,400,000
61$16,977,757$16,161,557$15,922,857$18,325,497
62$18,652,344$16,896,329$16,399,128$19,944,652
63$20,495,938$17,665,304$16,889,554$21,713,728
64$22,525,722$18,470,102$17,394,552$23,653,894
65$24,760,629$19,312,420$17,914,553$25,782,255
66$27,221,520$20,194,036$18,449,998$28,117,646
67$29,931,385$21,116,814$19,001,343$30,680,811
68$32,915,554$22,082,705$19,569,055$33,494,593
69$36,201,939$23,093,757$20,153,618$36,584,150
70$39,821,300$24,152,114$20,755,527$39,977,193
71$43,807,529$25,260,024$21,375,293$43,704,239
72$48,197,973$26,419,841$22,013,442$47,798,904
73$53,033,788$27,634,035$22,670,513$52,298,211
74$58,360,324$28,905,192$23,347,065$57,242,944
75$64,227,555$30,236,025$24,043,670$62,678,026
76$70,690,550$31,629,374$24,760,917$68,652,941
77$77,809,991$33,088,219$25,499,413$75,222,202
78$85,652,749$34,615,681$26,259,783$82,445,855
79$94,292,512$36,215,031$27,042,668$90,390,053
80$103,810,481$37,889,700$27,848,730$99,127,670
81$114,296,137$39,643,283$28,678,649$108,738,989
82$125,848,085$41,479,545$29,533,126$119,312,453
83$138,574,984$43,402,438$30,412,880$130,945,504
84$152,596,575$45,416,099$31,318,654$143,745,489
85$168,044,806$47,524,869$32,251,210$157,830,680
86$185,065,084$49,733,295$33,211,333$173,331,379
87$203,817,640$52,046,145$34,199,830$190,391,146
88$224,479,049$54,468,415$35,217,534$209,168,152
89$247,243,890$57,005,346$36,265,299$229,836,667
90$272,326,586$59,662,427$37,344,006$252,588,698
91$299,963,427$62,445,415$38,454,560$277,635,801
92$330,414,802$65,360,345$39,597,892$305,211,068
93$363,967,652$68,413,542$40,774,962$335,571,328
94$400,938,185$71,611,639$41,986,756$368,999,562
95$441,674,856$74,961,585$43,234,288$405,807,569
96$486,561,658$78,470,670$44,518,604$446,338,906
97$536,021,747$82,146,532$45,840,777$490,972,123
98$590,521,435$85,997,183$47,201,913$540,124,329
99$650,574,594$90,031,017$48,603,150$594,255,129
100$716,747,504$94,256,838$50,045,657$653,870,947