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

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,242,112
2 years$645,915$633,886$622,227$610,924$599,959$582,058
3 years$426,333$414,251$402,622$391,425$380,639$363,195
4 years$316,563$304,519$293,006$281,999$271,475$254,623
5 years$250,719$238,746$227,385$216,603$206,371$190,161
6 years$206,836$194,954$183,761$173,219$163,294$147,744
7 years$175,504$163,722$152,706$142,413$132,802$117,917
8 years$152,016$140,340$129,507$119,467$110,172$95,951
9 years$133,757$122,191$111,544$101,759$92,781$79,217
10 years$119,158$107,706$97,247$87,717$79,054$66,136
11 years$107,222$95,884$85,614$76,340$67,989$55,706
12 years$97,282$86,060$75,981$66,961$58,918$47,254
13 years$88,877$77,773$67,884$59,116$51,377$40,318
14 years$81,680$70,694$60,994$52,477$45,037$34,564
15 years$75,448$64,580$55,069$46,800$39,654$29,750
16 years$70,000$59,251$49,928$41,904$35,047$25,692
17 years$65,198$54,568$45,433$37,651$31,075$22,250
18 years$60,935$50,423$41,474$33,931$27,630$19,316
19 years$57,124$46,732$37,968$30,659$24,627$16,803
20 years$53,699$43,425$34,845$27,768$21,998$14,643
21 years$50,604$40,449$32,051$25,201$19,685$12,780
22 years$47,795$37,758$29,540$22,914$17,645$11,168
23 years$45,233$35,314$27,275$20,868$15,839$9,771
24 years$42,889$33,087$25,224$19,033$14,237$8,557
25 years$40,735$31,051$23,363$17,382$12,811$7,500
26 years$38,750$29,182$21,668$15,893$11,540$6,579
27 years$36,915$27,464$20,120$14,547$10,404$5,775
28 years$35,215$25,879$18,705$13,328$9,388$5,071
29 years$33,634$24,414$17,406$12,222$8,477$4,456
30 years$32,162$23,057$16,213$11,217$7,659$3,917
31 years$30,787$21,796$15,115$10,302$6,925$3,445
32 years$29,501$20,624$14,103$9,468$6,264$3,030
33 years$28,295$19,531$13,168$8,707$5,669$2,666
34 years$27,163$18,511$12,303$8,011$5,133$2,347
35 years$26,098$17,557$11,503$7,374$4,649$2,066
36 years$25,094$16,664$10,760$6,792$4,212$1,819
37 years$24,147$15,827$10,072$6,258$3,817$1,602
38 years$23,251$15,042$9,432$5,768$3,461$1,411
39 years$22,404$14,303$8,836$5,318$3,138$1,243
40 years$21,601$13,608$8,282$4,905$2,847$1,095
41 years$20,839$12,954$7,766$4,526$2,583$965
42 years$20,116$12,337$7,285$4,177$2,343$851
43 years$19,428$11,754$6,836$3,856$2,127$750
44 years$18,773$11,204$6,417$3,560$1,930$661
45 years$18,149$10,684$6,025$3,288$1,753$582
46 years$17,553$10,192$5,659$3,037$1,591$513
47 years$16,985$9,727$5,316$2,806$1,445$453
48 years$16,442$9,285$4,996$2,593$1,312$399
49 years$15,923$8,867$4,696$2,396$1,192$352
50 years$15,426$8,470$4,415$2,215$1,082$310

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 $2,085 every year, while hoping to spend $36,288 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: 57/17/26 Blend
60$15,800,000$15,800,000$15,800,000$15,800,000
61$17,413,751$16,576,351$16,331,451$18,282,596
62$19,151,343$17,349,982$16,839,944$19,651,711
63$21,064,954$18,160,304$17,364,256$21,139,210
64$23,172,498$19,009,078$17,904,878$22,759,770
65$25,493,718$19,898,148$18,462,316$24,526,255
66$28,050,367$20,829,448$19,037,094$26,452,817
67$30,866,418$21,805,004$19,629,750$28,555,018
68$33,968,286$22,826,943$20,240,840$30,849,980
69$37,385,079$23,897,491$20,870,936$33,356,539
70$41,148,875$25,018,985$21,520,629$36,095,418
71$45,295,018$26,193,874$22,190,529$39,089,421
72$49,862,461$27,424,724$22,881,262$42,363,639
73$54,894,124$28,714,228$23,593,476$45,945,689
74$60,437,306$30,065,206$24,327,839$49,865,963
75$66,544,128$31,480,618$25,085,039$54,157,912
76$73,272,025$32,963,565$25,865,784$58,858,358
77$80,684,291$34,517,299$26,670,807$64,007,835
78$88,850,671$36,145,229$27,500,862$69,650,964
79$97,848,025$37,850,930$28,356,725$75,836,868
80$107,761,047$39,638,150$29,239,200$82,619,634
81$118,683,073$41,510,818$30,149,112$90,058,810
82$130,716,953$43,473,054$31,087,313$98,219,966
83$143,976,027$45,529,179$32,054,683$107,175,301
84$158,585,194$47,683,721$33,052,127$117,004,321
85$174,682,089$49,941,429$34,080,579$127,794,579
86$192,418,386$52,307,283$35,141,003$139,642,492
87$211,961,225$54,786,503$36,234,390$152,654,247
88$233,494,793$57,384,565$37,361,765$166,946,790
89$257,222,061$60,107,207$38,524,183$182,648,923
90$283,366,700$62,960,449$39,722,732$199,902,508
91$312,175,194$65,950,602$40,958,534$218,863,800
92$343,919,165$69,084,282$42,232,746$239,704,905
93$378,897,936$72,368,429$43,546,560$262,615,400
94$417,441,362$75,810,319$44,901,206$287,804,105
95$459,912,936$79,417,579$46,297,951$315,501,049
96$506,713,226$83,198,211$47,738,103$345,959,621
97$558,283,655$87,160,603$49,223,009$379,458,954
98$615,110,666$91,313,551$50,754,058$416,306,547
99$677,730,317$95,666,278$52,332,682$456,841,149
100$746,733,342$100,228,458$53,960,360$501,435,943