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

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,231,200
2 years$641,827$629,874$618,289$607,057$596,162$575,327
3 years$423,635$411,630$400,074$388,947$378,230$357,949
4 years$314,560$302,591$291,151$280,215$269,757$250,186
5 years$249,132$237,235$225,945$215,232$205,065$186,260
6 years$205,527$193,720$182,598$172,122$162,261$144,244
7 years$174,394$162,686$151,739$141,511$131,961$114,738
8 years$151,054$139,452$128,687$118,710$109,475$93,042
9 years$132,910$121,418$110,838$101,115$92,194$76,542
10 years$118,404$107,024$96,631$87,162$78,553$63,670
11 years$106,543$95,277$85,073$75,857$67,559$53,427
12 years$96,666$85,516$75,500$66,537$58,545$45,147
13 years$88,315$77,281$67,454$58,742$51,052$38,369
14 years$81,163$70,247$60,608$52,145$44,752$32,761
15 years$74,970$64,171$54,721$46,504$39,403$28,082
16 years$69,557$58,876$49,612$41,639$34,825$24,150
17 years$64,785$54,223$45,145$37,412$30,878$20,826
18 years$60,549$50,104$41,212$33,716$27,455$18,002
19 years$56,763$46,436$37,727$30,465$24,472$15,591
20 years$53,359$43,151$34,624$27,592$21,858$13,526
21 years$50,284$40,193$31,848$25,042$19,561$11,752
22 years$47,492$37,519$29,353$22,769$17,533$10,223
23 years$44,947$35,091$27,102$20,736$15,739$8,903
24 years$42,617$32,878$25,065$18,912$14,147$7,760
25 years$40,477$30,854$23,215$17,272$12,730$6,770
26 years$38,505$28,998$21,531$15,792$11,467$5,910
27 years$36,682$27,290$19,993$14,455$10,338$5,162
28 years$34,992$25,716$18,586$13,244$9,328$4,512
29 years$33,421$24,260$17,296$12,145$8,423$3,945
30 years$31,958$22,911$16,111$11,146$7,611$3,451
31 years$30,592$21,658$15,019$10,237$6,881$3,020
32 years$29,314$20,493$14,013$9,408$6,224$2,643
33 years$28,116$19,407$13,084$8,651$5,633$2,314
34 years$26,991$18,394$12,225$7,960$5,100$2,027
35 years$25,933$17,446$11,430$7,328$4,619$1,775
36 years$24,935$16,559$10,692$6,749$4,185$1,555
37 years$23,994$15,727$10,008$6,218$3,793$1,363
38 years$23,104$14,946$9,372$5,731$3,439$1,194
39 years$22,262$14,213$8,780$5,284$3,119$1,047
40 years$21,464$13,522$8,230$4,874$2,829$917
41 years$20,707$12,872$7,717$4,497$2,566$804
42 years$19,988$12,259$7,239$4,150$2,329$705
43 years$19,305$11,680$6,793$3,831$2,113$618
44 years$18,654$11,133$6,376$3,537$1,918$542
45 years$18,034$10,617$5,987$3,267$1,741$475
46 years$17,442$10,128$5,623$3,018$1,581$417
47 years$16,878$9,665$5,283$2,788$1,436$365
48 years$16,338$9,227$4,964$2,576$1,304$321
49 years$15,822$8,811$4,666$2,381$1,184$281
50 years$15,329$8,417$4,387$2,201$1,076$247

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 $2,028 every year, while hoping to spend $20,465 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: 49/31/20 Blend
60$15,700,000$15,700,000$15,700,000$15,700,000
61$17,303,492$16,471,392$16,228,042$18,054,057
62$19,046,673$17,256,715$16,749,907$19,360,305
63$20,966,974$18,079,834$17,288,568$20,776,289
64$23,082,437$18,942,578$17,844,567$22,314,128
65$25,412,948$19,846,866$18,418,462$23,985,300
66$27,980,418$20,794,712$19,010,830$25,802,409
67$30,808,993$21,788,226$19,622,266$27,779,303
68$33,925,283$22,829,621$20,253,384$29,931,198
69$37,358,607$23,921,218$20,904,818$32,274,812
70$41,141,279$25,065,452$21,577,223$34,828,520
71$45,308,904$26,264,873$22,271,274$37,612,517
72$49,900,720$27,522,160$22,987,670$40,649,007
73$54,959,966$28,840,118$23,727,129$43,962,399
74$60,534,290$30,221,692$24,490,396$47,579,533
75$66,676,200$31,669,967$25,278,237$51,529,925
76$73,443,558$33,188,182$26,091,444$55,846,035
77$80,900,129$34,779,730$26,930,834$60,563,567
78$89,116,177$36,448,172$27,797,252$65,721,796
79$98,169,135$38,197,240$28,691,569$71,363,929
80$108,144,333$40,030,852$29,614,683$77,537,500
81$119,135,803$41,953,111$30,567,522$84,294,811
82$131,247,166$43,968,325$31,551,045$91,693,415
83$144,592,613$46,081,008$32,566,241$99,796,646
84$159,297,980$48,295,898$33,614,130$108,674,203
85$175,501,937$50,617,960$34,695,767$118,402,799
86$193,357,298$53,052,404$35,812,239$129,066,869
87$213,032,462$55,604,691$36,964,668$140,759,353
88$234,713,003$58,280,551$38,154,215$153,582,561
89$258,603,423$61,085,992$39,382,075$167,649,121
90$284,929,082$64,027,315$40,649,484$183,083,026
91$313,938,323$67,111,129$41,957,717$200,020,791
92$345,904,821$70,344,363$43,308,089$218,612,719
93$381,130,162$73,734,286$44,701,960$239,024,306
94$419,946,695$77,288,522$46,140,731$261,437,782
95$462,720,663$81,015,065$47,625,851$286,053,811
96$509,855,667$84,922,299$49,158,813$313,093,364
97$561,796,473$89,019,020$50,741,161$342,799,786
98$619,033,210$93,314,448$52,374,487$375,441,064
99$682,105,999$97,818,258$54,060,434$411,312,339
100$751,610,052$102,540,594$55,800,700$450,738,662