Can I retire at age 61 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,236,499
2 years$645,915$633,886$622,227$610,924$599,959$576,457
3 years$426,333$414,251$402,622$391,425$380,639$357,781
4 years$316,563$304,519$293,006$281,999$271,475$249,438
5 years$250,719$238,746$227,385$216,603$206,371$185,217
6 years$206,836$194,954$183,761$173,219$163,294$143,048
7 years$175,504$163,722$152,706$142,413$132,802$113,468
8 years$152,016$140,340$129,507$119,467$110,172$91,746
9 years$133,757$122,191$111,544$101,759$92,781$75,251
10 years$119,158$107,706$97,247$87,717$79,054$62,405
11 years$107,222$95,884$85,614$76,340$67,989$52,201
12 years$97,282$86,060$75,981$66,961$58,918$43,969
13 years$88,877$77,773$67,884$59,116$51,377$37,244
14 years$81,680$70,694$60,994$52,477$45,037$31,694
15 years$75,448$64,580$55,069$46,800$39,654$27,074
16 years$70,000$59,251$49,928$41,904$35,047$23,202
17 years$65,198$54,568$45,433$37,651$31,075$19,937
18 years$60,935$50,423$41,474$33,931$27,630$17,170
19 years$57,124$46,732$37,968$30,659$24,627$14,816
20 years$53,699$43,425$34,845$27,768$21,998$12,806
21 years$50,604$40,449$32,051$25,201$19,685$11,084
22 years$47,795$37,758$29,540$22,914$17,645$9,605
23 years$45,233$35,314$27,275$20,868$15,839$8,332
24 years$42,889$33,087$25,224$19,033$14,237$7,235
25 years$40,735$31,051$23,363$17,382$12,811$6,286
26 years$38,750$29,182$21,668$15,893$11,540$5,466
27 years$36,915$27,464$20,120$14,547$10,404$4,755
28 years$35,215$25,879$18,705$13,328$9,388$4,139
29 years$33,634$24,414$17,406$12,222$8,477$3,605
30 years$32,162$23,057$16,213$11,217$7,659$3,140
31 years$30,787$21,796$15,115$10,302$6,925$2,736
32 years$29,501$20,624$14,103$9,468$6,264$2,385
33 years$28,295$19,531$13,168$8,707$5,669$2,080
34 years$27,163$18,511$12,303$8,011$5,133$1,814
35 years$26,098$17,557$11,503$7,374$4,649$1,582
36 years$25,094$16,664$10,760$6,792$4,212$1,380
37 years$24,147$15,827$10,072$6,258$3,817$1,204
38 years$23,251$15,042$9,432$5,768$3,461$1,051
39 years$22,404$14,303$8,836$5,318$3,138$917
40 years$21,601$13,608$8,282$4,905$2,847$800
41 years$20,839$12,954$7,766$4,526$2,583$699
42 years$20,116$12,337$7,285$4,177$2,343$610
43 years$19,428$11,754$6,836$3,856$2,127$532
44 years$18,773$11,204$6,417$3,560$1,930$465
45 years$18,149$10,684$6,025$3,288$1,753$406
46 years$17,553$10,192$5,659$3,037$1,591$354
47 years$16,985$9,727$5,316$2,806$1,445$309
48 years$16,442$9,285$4,996$2,593$1,312$270
49 years$15,923$8,867$4,696$2,396$1,192$236
50 years$15,426$8,470$4,415$2,215$1,082$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,800,000, adding $3,106 every year, while hoping to spend $24,537 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: 53/41/6 Blend
60$15,800,000$15,800,000$15,800,000$15,800,000
61$17,414,804$16,577,404$16,332,504$18,313,601
62$19,165,007$17,363,589$16,853,536$19,708,496
63$21,092,908$18,187,476$17,391,199$21,222,254
64$23,216,607$19,050,884$17,946,027$22,868,435
65$25,556,048$19,955,725$18,518,566$24,659,541
66$28,133,209$20,904,000$19,109,382$26,609,307
67$30,972,310$21,897,809$19,719,060$28,732,817
68$34,100,039$22,939,355$20,348,202$31,046,643
69$37,545,806$24,030,947$20,997,430$33,568,994
70$41,342,019$25,175,004$21,667,384$36,319,880
71$45,524,391$26,374,066$22,358,729$39,321,291
72$50,132,279$27,630,795$23,072,146$42,597,403
73$55,209,050$28,947,982$23,808,341$46,174,788
74$60,802,495$30,328,555$24,568,042$50,082,663
75$66,965,278$31,775,583$25,352,000$54,353,154
76$73,755,434$33,292,284$26,160,990$59,021,590
77$81,236,917$34,882,034$26,995,812$64,126,824
78$89,480,201$36,548,373$27,857,290$69,711,592
79$98,562,949$38,295,011$28,746,277$75,822,903
80$108,570,745$40,125,841$29,663,652$82,512,470
81$119,597,898$42,044,945$30,610,322$89,837,189
82$131,748,339$44,056,602$31,587,223$97,859,660
83$145,136,595$46,165,302$32,595,320$106,648,764
84$159,888,876$48,375,750$33,635,612$116,280,301
85$176,144,263$50,692,883$34,709,127$126,837,691
86$194,056,021$53,121,878$35,816,926$138,412,741
87$213,793,047$55,668,162$36,960,105$151,106,500
88$235,541,464$58,337,428$38,139,794$165,030,194
89$259,506,378$61,135,646$39,357,162$180,306,257
90$285,913,813$64,069,078$40,613,412$197,069,467
91$315,012,847$67,144,287$41,909,786$215,468,203
92$347,077,961$70,368,160$43,247,567$235,665,819
93$382,411,631$73,747,918$44,628,078$257,842,167
94$421,347,184$77,291,133$46,052,686$282,195,271
95$464,251,946$81,005,747$47,522,799$308,943,175
96$511,530,704$84,900,089$49,039,873$338,325,972
97$563,629,535$88,982,893$50,605,408$370,608,047
98$621,040,012$93,263,319$52,220,954$406,080,544
99$684,303,846$97,750,974$53,888,108$445,064,086
100$754,018,000$102,455,934$55,608,522$487,911,772