Can I retire at age 61 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,202,743
2 years$641,827$629,874$618,289$607,057$596,162$547,199
3 years$423,635$411,630$400,074$388,947$378,230$331,042
4 years$314,560$302,591$291,151$280,215$269,757$224,703
5 years$249,132$237,235$225,945$215,232$205,065$162,261
6 years$205,527$193,720$182,598$172,122$162,261$121,735
7 years$174,394$162,686$151,739$141,511$131,961$93,699
8 years$151,054$139,452$128,687$118,710$109,475$73,437
9 years$132,910$121,418$110,838$101,115$92,194$58,327
10 years$118,404$107,024$96,631$87,162$78,553$46,793
11 years$106,543$95,277$85,073$75,857$67,559$37,831
12 years$96,666$85,516$75,500$66,537$58,545$30,770
13 years$88,315$77,281$67,454$58,742$51,052$25,148
14 years$81,163$70,247$60,608$52,145$44,752$20,631
15 years$74,970$64,171$54,721$46,504$39,403$16,978
16 years$69,557$58,876$49,612$41,639$34,825$14,007
17 years$64,785$54,223$45,145$37,412$30,878$11,580
18 years$60,549$50,104$41,212$33,716$27,455$9,589
19 years$56,763$46,436$37,727$30,465$24,472$7,951
20 years$53,359$43,151$34,624$27,592$21,858$6,600
21 years$50,284$40,193$31,848$25,042$19,561$5,484
22 years$47,492$37,519$29,353$22,769$17,533$4,561
23 years$44,947$35,091$27,102$20,736$15,739$3,795
24 years$42,617$32,878$25,065$18,912$14,147$3,159
25 years$40,477$30,854$23,215$17,272$12,730$2,631
26 years$38,505$28,998$21,531$15,792$11,467$2,193
27 years$36,682$27,290$19,993$14,455$10,338$1,827
28 years$34,992$25,716$18,586$13,244$9,328$1,523
29 years$33,421$24,260$17,296$12,145$8,423$1,270
30 years$31,958$22,911$16,111$11,146$7,611$1,059
31 years$30,592$21,658$15,019$10,237$6,881$884
32 years$29,314$20,493$14,013$9,408$6,224$737
33 years$28,116$19,407$13,084$8,651$5,633$615
34 years$26,991$18,394$12,225$7,960$5,100$513
35 years$25,933$17,446$11,430$7,328$4,619$428
36 years$24,935$16,559$10,692$6,749$4,185$357
37 years$23,994$15,727$10,008$6,218$3,793$298
38 years$23,104$14,946$9,372$5,731$3,439$249
39 years$22,262$14,213$8,780$5,284$3,119$208
40 years$21,464$13,522$8,230$4,874$2,829$173
41 years$20,707$12,872$7,717$4,497$2,566$145
42 years$19,988$12,259$7,239$4,150$2,329$121
43 years$19,305$11,680$6,793$3,831$2,113$101
44 years$18,654$11,133$6,376$3,537$1,918$84
45 years$18,034$10,617$5,987$3,267$1,741$70
46 years$17,442$10,128$5,623$3,018$1,581$59
47 years$16,878$9,665$5,283$2,788$1,436$49
48 years$16,338$9,227$4,964$2,576$1,304$41
49 years$15,822$8,811$4,666$2,381$1,184$34
50 years$15,329$8,417$4,387$2,201$1,076$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,700,000, adding $6,921 every year, while hoping to spend $34,191 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: 45/41/14 Blend
60$15,700,000$15,700,000$15,700,000$15,700,000
61$17,308,539$16,476,439$16,233,089$18,017,917
62$19,037,631$17,247,406$16,740,519$19,283,455
63$20,941,945$18,055,004$17,263,801$20,650,938
64$23,039,316$18,900,992$17,803,431$22,133,039
65$25,349,400$19,787,214$18,359,920$23,740,369
66$27,893,855$20,715,604$18,933,794$25,484,578
67$30,696,547$21,688,187$19,525,595$27,378,451
68$33,783,775$22,707,089$20,135,883$29,436,024
69$37,184,521$23,774,537$20,765,235$31,672,711
70$40,930,718$24,892,866$21,414,247$34,105,439
71$45,057,560$26,064,524$22,083,532$36,752,800
72$49,603,824$27,292,079$22,773,724$39,635,223
73$54,612,244$28,578,221$23,485,474$42,775,149
74$60,129,912$29,925,772$24,219,456$46,197,242
75$66,208,719$31,337,691$24,976,363$49,928,609
76$72,905,849$32,817,079$25,756,913$53,999,045
77$80,284,318$34,367,188$26,561,841$58,441,304
78$88,413,565$35,991,427$27,391,910$63,291,399
79$97,370,114$37,693,372$28,247,904$68,588,928
80$107,238,289$39,476,771$29,130,632$74,377,437
81$118,111,015$41,345,554$30,040,929$80,704,819
82$130,090,694$43,303,841$30,979,656$87,623,752
83$143,290,169$45,355,954$31,947,698$95,192,181
84$157,833,793$47,506,422$32,945,973$103,473,855
85$173,858,599$49,759,996$33,975,422$112,538,907
86$191,515,597$52,121,656$35,037,019$122,464,506
87$210,971,196$54,596,626$36,131,768$133,335,567
88$232,408,778$57,190,380$37,260,702$145,245,534
89$256,030,427$59,908,662$38,424,889$158,297,243
90$282,058,837$62,757,493$39,625,429$172,603,878
91$310,739,413$65,743,185$40,863,456$188,290,016
92$342,342,592$68,872,360$42,140,140$205,492,781
93$377,166,389$72,151,958$43,456,688$224,363,121
94$415,539,216$75,589,260$44,814,342$245,067,206
95$457,822,980$79,191,897$46,214,387$267,787,974
96$504,416,499$82,967,875$47,658,144$292,726,833
97$555,759,268$86,925,587$49,146,977$320,105,536
98$612,335,606$91,073,833$50,682,294$350,168,246
99$674,679,230$95,421,844$52,265,543$383,183,813
100$743,378,294$99,979,297$53,898,222$419,448,281