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%16.5%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,226,471
2 years$645,915$633,886$622,227$610,924$599,959$566,499
3 years$426,333$414,251$402,622$391,425$380,639$348,209
4 years$316,563$304,519$293,006$281,999$271,475$240,325
5 years$250,719$238,746$227,385$216,603$206,371$176,586
6 years$206,836$194,954$183,761$173,219$163,294$134,904
7 years$175,504$163,722$152,706$142,413$132,802$105,807
8 years$152,016$140,340$129,507$119,467$110,172$84,560
9 years$133,757$122,191$111,544$101,759$92,781$68,528
10 years$119,158$107,706$97,247$87,717$79,054$56,130
11 years$107,222$95,884$85,614$76,340$67,989$46,359
12 years$97,282$86,060$75,981$66,961$58,918$38,543
13 years$88,877$77,773$67,884$59,116$51,377$32,215
14 years$81,680$70,694$60,994$52,477$45,037$27,043
15 years$75,448$64,580$55,069$46,800$39,654$22,781
16 years$70,000$59,251$49,928$41,904$35,047$19,248
17 years$65,198$54,568$45,433$37,651$31,075$16,302
18 years$60,935$50,423$41,474$33,931$27,630$13,836
19 years$57,124$46,732$37,968$30,659$24,627$11,762
20 years$53,699$43,425$34,845$27,768$21,998$10,014
21 years$50,604$40,449$32,051$25,201$19,685$8,536
22 years$47,795$37,758$29,540$22,914$17,645$7,283
23 years$45,233$35,314$27,275$20,868$15,839$6,220
24 years$42,889$33,087$25,224$19,033$14,237$5,316
25 years$40,735$31,051$23,363$17,382$12,811$4,546
26 years$38,750$29,182$21,668$15,893$11,540$3,890
27 years$36,915$27,464$20,120$14,547$10,404$3,330
28 years$35,215$25,879$18,705$13,328$9,388$2,852
29 years$33,634$24,414$17,406$12,222$8,477$2,443
30 years$32,162$23,057$16,213$11,217$7,659$2,093
31 years$30,787$21,796$15,115$10,302$6,925$1,794
32 years$29,501$20,624$14,103$9,468$6,264$1,538
33 years$28,295$19,531$13,168$8,707$5,669$1,319
34 years$27,163$18,511$12,303$8,011$5,133$1,131
35 years$26,098$17,557$11,503$7,374$4,649$970
36 years$25,094$16,664$10,760$6,792$4,212$832
37 years$24,147$15,827$10,072$6,258$3,817$714
38 years$23,251$15,042$9,432$5,768$3,461$612
39 years$22,404$14,303$8,836$5,318$3,138$525
40 years$21,601$13,608$8,282$4,905$2,847$451
41 years$20,839$12,954$7,766$4,526$2,583$387
42 years$20,116$12,337$7,285$4,177$2,343$332
43 years$19,428$11,754$6,836$3,856$2,127$285
44 years$18,773$11,204$6,417$3,560$1,930$245
45 years$18,149$10,684$6,025$3,288$1,753$210
46 years$17,553$10,192$5,659$3,037$1,591$180
47 years$16,985$9,727$5,316$2,806$1,445$155
48 years$16,442$9,285$4,996$2,593$1,312$133
49 years$15,923$8,867$4,696$2,396$1,192$114
50 years$15,426$8,470$4,415$2,215$1,082$98

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 $4,657 every year, while hoping to spend $53,641 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: 77/5/18 Blend
60$15,800,000$15,800,000$15,800,000$15,800,000
61$17,416,404$16,579,004$16,334,104$18,686,299
62$19,135,803$17,334,301$16,824,223$20,281,455
63$21,028,784$18,124,811$17,328,963$22,023,240
64$23,112,994$18,952,200$17,848,757$23,932,031
65$25,407,880$19,818,220$18,384,052$26,024,504
66$27,934,872$20,724,700$18,935,305$28,319,025
67$30,717,582$21,673,564$19,502,991$30,835,817
68$33,782,029$22,666,822$20,087,595$33,597,155
69$37,156,884$23,706,584$20,689,617$36,627,573
70$40,873,740$24,795,061$21,309,574$39,954,090
71$44,967,412$25,934,569$21,947,994$43,606,467
72$49,476,262$27,127,536$22,605,426$47,617,486
73$54,442,562$28,376,507$23,282,429$52,023,256
74$59,912,897$29,684,150$23,979,584$56,863,551
75$65,938,597$31,053,258$24,697,485$62,182,186
76$72,576,228$32,486,761$25,436,745$68,027,428
77$79,888,122$33,987,732$26,197,994$74,452,445
78$87,942,967$35,559,386$26,981,883$81,515,812
79$96,816,453$37,205,100$27,789,080$89,282,057
80$106,591,988$38,928,407$28,620,271$97,822,269
81$117,361,486$40,733,014$29,476,165$107,214,766
82$129,226,232$42,622,806$30,357,491$117,545,832
83$142,297,839$44,601,855$31,264,999$128,910,529
84$156,699,302$46,674,429$32,199,460$141,413,591
85$172,566,157$48,845,003$33,161,668$155,170,408
86$190,047,763$51,118,265$34,152,441$170,308,115
87$209,308,707$53,499,133$35,172,621$186,966,787
88$230,530,365$55,992,760$36,223,073$205,300,758
89$253,912,605$58,604,548$37,304,688$225,480,075
90$279,675,679$61,340,159$38,418,384$247,692,100
91$308,062,303$64,205,532$39,565,105$272,143,272
92$339,339,944$67,206,889$40,745,821$299,061,055
93$373,803,345$70,350,753$41,961,533$328,696,081
94$411,777,311$73,643,965$43,213,270$361,324,509
95$453,619,771$77,093,694$44,502,089$397,250,629
96$499,725,159$80,707,456$45,829,080$436,809,733
97$550,528,137$84,493,132$47,195,365$480,371,269
98$606,507,695$88,458,984$48,602,098$528,342,330
99$668,191,676$92,613,671$50,050,465$581,171,487
100$736,161,761$96,966,274$51,541,689$639,353,021