Can I retire at age 61 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,219,536
2 years$633,651$621,850$610,413$599,324$588,568$572,015
3 years$418,238$406,386$394,978$383,993$373,411$357,276
4 years$310,552$298,737$287,443$276,645$266,320$250,727
5 years$245,958$234,213$223,067$212,490$202,452$187,447
6 years$202,909$191,253$180,271$169,930$160,194$145,793
7 years$172,172$160,614$149,806$139,709$130,280$116,490
8 years$149,130$137,676$127,048$117,198$108,080$94,899
9 years$131,217$119,871$109,426$99,827$91,019$78,441
10 years$116,896$105,661$95,400$86,052$77,553$65,568
11 years$105,186$94,064$83,989$74,891$66,698$55,296
12 years$95,434$84,426$74,538$65,689$57,799$46,967
13 years$87,190$76,297$66,595$57,994$50,402$40,125
14 years$80,129$69,352$59,836$51,480$44,182$34,445
15 years$74,015$63,354$54,024$45,911$38,901$29,688
16 years$68,671$58,126$48,980$41,109$34,381$25,674
17 years$63,960$53,532$44,570$36,936$30,485$22,266
18 years$59,778$49,466$40,687$33,287$27,106$19,357
19 years$56,040$45,845$37,247$30,077$24,160$16,864
20 years$52,680$42,601$34,183$27,241$21,580$14,717
21 years$49,644$39,681$31,442$24,723$19,312$12,864
22 years$46,887$37,041$28,979$22,479$17,310$11,259
23 years$44,374$34,644$26,757$20,472$15,539$9,866
24 years$42,074$32,459$24,745$18,671$13,966$8,654
25 years$39,961$30,461$22,919$17,052$12,568$7,597
26 years$38,014$28,628$21,256$15,591$11,320$6,674
27 years$36,214$26,943$19,738$14,271$10,206$5,868
28 years$34,546$25,388$18,349$13,075$9,209$5,161
29 years$32,996$23,951$17,076$11,990$8,316$4,543
30 years$31,551$22,619$15,905$11,004$7,514$4,000
31 years$30,203$21,382$14,828$10,106$6,793$3,523
32 years$28,941$20,232$13,835$9,288$6,145$3,104
33 years$27,758$19,160$12,918$8,541$5,561$2,736
34 years$26,647$18,159$12,070$7,859$5,035$2,412
35 years$25,602$17,224$11,284$7,234$4,560$2,127
36 years$24,618$16,348$10,556$6,663$4,132$1,876
37 years$23,688$15,527$9,880$6,139$3,745$1,655
38 years$22,810$14,756$9,252$5,658$3,395$1,461
39 years$21,979$14,031$8,669$5,217$3,079$1,289
40 years$21,191$13,350$8,125$4,812$2,793$1,138
41 years$20,444$12,708$7,619$4,440$2,534$1,004
42 years$19,734$12,102$7,147$4,097$2,299$886
43 years$19,059$11,531$6,706$3,782$2,086$782
44 years$18,416$10,992$6,295$3,492$1,894$691
45 years$17,804$10,482$5,911$3,225$1,719$610
46 years$17,220$9,999$5,551$2,979$1,561$539
47 years$16,663$9,542$5,216$2,752$1,417$476
48 years$16,130$9,109$4,901$2,543$1,287$420
49 years$15,621$8,699$4,607$2,351$1,169$371
50 years$15,133$8,309$4,331$2,173$1,062$328

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,500,000, adding $3,736 every year, while hoping to spend $57,372 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: 34/49/17 Blend
60$15,500,000$15,500,000$15,500,000$15,500,000
61$17,084,854$16,263,354$16,023,104$17,575,810
62$18,766,465$16,999,215$16,498,834$18,671,879
63$20,617,679$17,769,210$16,988,579$19,847,446
64$22,655,732$18,574,952$17,492,747$21,113,931
65$24,899,621$19,418,129$18,011,758$22,479,392
66$27,370,277$20,300,511$18,546,046$23,952,658
67$30,090,762$21,223,953$19,096,056$25,543,402
68$33,086,492$22,190,399$19,662,246$27,262,226
69$36,385,470$23,201,884$20,245,086$29,120,752
70$40,018,554$24,260,543$20,845,063$31,131,724
71$44,019,749$25,368,612$21,462,675$33,309,120
72$48,426,523$26,528,434$22,098,435$35,668,274
73$53,280,167$27,742,465$22,752,871$38,226,011
74$58,626,178$29,013,280$23,426,526$41,000,798
75$64,514,691$30,343,574$24,119,958$44,012,903
76$71,000,956$31,736,175$24,833,743$47,284,581
77$78,145,851$33,194,045$25,568,471$50,840,270
78$86,016,464$34,720,289$26,324,750$54,706,807
79$94,686,720$36,318,161$27,103,207$58,913,675
80$104,238,085$37,991,070$27,904,484$63,493,263
81$114,760,329$39,742,592$28,729,243$68,481,159
82$126,352,376$41,576,472$29,578,166$73,916,474
83$139,123,235$43,496,637$30,451,951$79,842,194
84$153,193,035$45,507,201$31,351,321$86,305,569
85$168,694,149$47,612,479$32,277,015$93,358,545
86$185,772,453$49,816,991$33,229,796$101,058,237
87$204,588,697$52,125,477$34,210,448$109,467,448
88$225,320,022$54,542,903$35,219,776$118,655,245
89$248,161,635$57,074,477$36,258,609$128,697,590
90$273,328,651$59,725,655$37,327,802$139,678,037
91$301,058,120$62,502,159$38,428,230$151,688,500
92$331,611,268$65,409,984$39,560,795$164,830,095
93$365,275,961$68,455,418$40,726,426$179,214,075
94$402,369,424$71,645,048$41,926,076$194,962,852
95$443,241,233$74,985,783$43,160,727$212,211,129
96$488,276,616$78,484,863$44,431,388$231,107,141
97$537,900,087$82,149,878$45,739,097$251,814,031
98$592,579,460$85,988,786$47,084,920$274,511,356
99$652,830,255$90,009,927$48,469,955$299,396,753
100$719,220,575$94,222,047$49,895,332$326,687,771