Can I retire at age 61 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,225,831
2 years$650,004$637,898$626,165$614,790$603,756$561,792
3 years$429,031$416,873$405,171$393,902$383,048$342,495
4 years$318,567$306,446$294,860$283,784$273,193$234,361
5 years$252,305$240,257$228,824$217,973$207,677$170,670
6 years$208,146$196,188$184,924$174,315$164,328$129,175
7 years$176,615$164,759$153,672$143,314$133,642$100,340
8 years$152,978$141,229$130,326$120,223$110,869$79,392
9 years$134,604$122,965$112,250$102,403$93,368$63,678
10 years$119,912$108,387$97,862$88,272$79,554$51,605
11 years$107,900$96,491$86,156$76,823$68,419$42,158
12 years$97,897$86,605$76,461$67,384$59,291$34,658
13 years$89,440$78,266$68,313$59,490$51,703$28,637
14 years$82,197$71,141$61,380$52,809$45,322$23,758
15 years$75,925$64,989$55,418$47,096$39,905$19,775
16 years$70,443$59,626$50,244$42,170$35,268$16,505
17 years$65,611$54,913$45,720$37,889$31,271$13,806
18 years$61,320$50,742$41,737$34,146$27,805$11,570
19 years$57,486$47,028$38,208$30,854$24,783$9,711
20 years$54,039$43,700$35,065$27,944$22,137$8,161
21 years$50,925$40,705$32,253$25,361$19,810$6,866
22 years$48,097$37,997$29,726$23,059$17,757$5,781
23 years$45,519$35,538$27,447$21,000$15,940$4,872
24 years$43,160$33,296$25,384$19,153$14,327$4,108
25 years$40,993$31,247$23,511$17,492$12,892$3,465
26 years$38,995$29,367$21,805$15,994$11,613$2,925
27 years$37,149$27,638$20,248$14,639$10,470$2,470
28 years$35,438$26,043$18,823$13,413$9,447$2,086
29 years$33,847$24,569$17,516$12,300$8,530$1,762
30 years$32,366$23,203$16,316$11,288$7,708$1,489
31 years$30,982$21,934$15,211$10,367$6,969$1,258
32 years$29,688$20,754$14,192$9,528$6,304$1,064
33 years$28,475$19,654$13,251$8,762$5,705$899
34 years$27,335$18,628$12,381$8,061$5,165$760
35 years$26,263$17,668$11,575$7,421$4,678$643
36 years$25,253$16,770$10,829$6,835$4,239$544
37 years$24,300$15,927$10,135$6,297$3,842$460
38 years$23,399$15,137$9,491$5,804$3,483$389
39 years$22,546$14,394$8,892$5,352$3,158$329
40 years$21,738$13,694$8,335$4,936$2,865$278
41 years$20,971$13,036$7,815$4,554$2,599$235
42 years$20,243$12,415$7,331$4,203$2,358$199
43 years$19,551$11,829$6,879$3,880$2,140$168
44 years$18,891$11,275$6,457$3,582$1,943$142
45 years$18,263$10,752$6,063$3,309$1,764$120
46 years$17,664$10,257$5,695$3,056$1,601$102
47 years$17,093$9,788$5,350$2,823$1,454$86
48 years$16,546$9,344$5,028$2,609$1,320$73
49 years$16,024$8,923$4,726$2,411$1,199$62
50 years$15,524$8,524$4,443$2,229$1,089$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,900,000, adding $2,807 every year, while hoping to spend $51,054 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: 60/22/18 Blend
60$15,900,000$15,900,000$15,900,000$15,900,000
61$17,524,695$16,681,995$16,435,545$18,494,478
62$19,257,893$17,445,092$16,931,815$19,913,361
63$21,166,166$18,243,869$17,442,999$21,454,681
64$23,267,318$19,080,022$17,969,542$23,135,021
65$25,580,967$19,955,325$18,511,904$24,967,845
66$28,128,729$20,871,640$19,070,557$26,967,966
67$30,934,427$21,830,918$19,645,988$29,151,674
68$34,024,308$22,835,202$20,238,697$31,536,889
69$37,427,295$23,886,635$20,849,202$34,143,327
70$41,175,261$24,987,462$21,478,032$36,992,678
71$45,303,326$26,140,036$22,125,735$40,108,809
72$49,850,193$27,346,825$22,792,874$43,517,984
73$54,858,506$28,610,413$23,480,029$47,249,105
74$60,375,260$29,933,510$24,187,796$51,333,981
75$66,452,241$31,318,956$24,916,792$55,807,623
76$73,146,513$32,769,728$25,667,648$60,708,566
77$80,520,959$34,288,947$26,441,016$66,079,231
78$88,644,874$35,879,882$27,237,567$71,966,315
79$97,594,618$37,545,963$28,057,992$78,421,226
80$107,454,336$39,290,783$28,903,002$85,500,565
81$118,316,756$41,118,109$29,773,330$93,266,648
82$130,284,058$43,031,889$30,669,729$101,788,088
83$143,468,843$45,036,262$31,592,976$111,140,436
84$157,995,193$47,135,568$32,543,870$121,406,888
85$173,999,847$49,334,354$33,523,233$132,679,056
86$191,633,483$51,637,389$34,531,913$145,057,828
87$211,062,148$54,049,671$35,570,782$158,654,309
88$232,468,821$56,576,439$36,640,737$173,590,863
89$256,055,143$59,223,187$37,742,704$190,002,253
90$282,043,316$61,995,671$38,877,633$208,036,906
91$310,678,205$64,899,930$40,046,505$227,858,303
92$342,229,647$67,942,292$41,250,327$249,646,508
93$376,994,997$71,129,390$42,490,139$273,599,856
94$415,301,937$74,468,181$43,767,010$299,936,817
95$457,511,569$77,965,956$45,082,039$328,898,037
96$504,021,822$81,630,361$46,436,360$360,748,603
97$555,271,209$85,469,409$47,831,139$395,780,527
98$611,742,966$89,491,505$49,267,577$434,315,488
99$673,969,618$93,705,457$50,746,909$476,707,854
100$742,537,996$98,120,502$52,270,409$523,348,007