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%15%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,241,781
2 years$650,004$637,898$626,165$614,790$603,756$577,573
3 years$429,031$416,873$405,171$393,902$383,048$357,604
4 years$318,567$306,446$294,860$283,784$273,193$248,686
5 years$252,305$240,257$228,824$217,973$207,677$184,175
6 years$208,146$196,188$184,924$174,315$164,328$141,857
7 years$176,615$164,759$153,672$143,314$133,642$112,208
8 years$152,978$141,229$130,326$120,223$110,869$90,464
9 years$134,604$122,965$112,250$102,403$93,368$73,978
10 years$119,912$108,387$97,862$88,272$79,554$61,160
11 years$107,900$96,491$86,156$76,823$68,419$50,999
12 years$97,897$86,605$76,461$67,384$59,291$42,818
13 years$89,440$78,266$68,313$59,490$51,703$36,149
14 years$82,197$71,141$61,380$52,809$45,322$30,658
15 years$75,925$64,989$55,418$47,096$39,905$26,099
16 years$70,443$59,626$50,244$42,170$35,268$22,287
17 years$65,611$54,913$45,720$37,889$31,271$19,082
18 years$61,320$50,742$41,737$34,146$27,805$16,374
19 years$57,486$47,028$38,208$30,854$24,783$14,077
20 years$54,039$43,700$35,065$27,944$22,137$12,122
21 years$50,925$40,705$32,253$25,361$19,810$10,452
22 years$48,097$37,997$29,726$23,059$17,757$9,022
23 years$45,519$35,538$27,447$21,000$15,940$7,796
24 years$43,160$33,296$25,384$19,153$14,327$6,743
25 years$40,993$31,247$23,511$17,492$12,892$5,836
26 years$38,995$29,367$21,805$15,994$11,613$5,054
27 years$37,149$27,638$20,248$14,639$10,470$4,379
28 years$35,438$26,043$18,823$13,413$9,447$3,796
29 years$33,847$24,569$17,516$12,300$8,530$3,292
30 years$32,366$23,203$16,316$11,288$7,708$2,856
31 years$30,982$21,934$15,211$10,367$6,969$2,479
32 years$29,688$20,754$14,192$9,528$6,304$2,152
33 years$28,475$19,654$13,251$8,762$5,705$1,868
34 years$27,335$18,628$12,381$8,061$5,165$1,622
35 years$26,263$17,668$11,575$7,421$4,678$1,409
36 years$25,253$16,770$10,829$6,835$4,239$1,224
37 years$24,300$15,927$10,135$6,297$3,842$1,064
38 years$23,399$15,137$9,491$5,804$3,483$924
39 years$22,546$14,394$8,892$5,352$3,158$803
40 years$21,738$13,694$8,335$4,936$2,865$698
41 years$20,971$13,036$7,815$4,554$2,599$607
42 years$20,243$12,415$7,331$4,203$2,358$527
43 years$19,551$11,829$6,879$3,880$2,140$458
44 years$18,891$11,275$6,457$3,582$1,943$398
45 years$18,263$10,752$6,063$3,309$1,764$346
46 years$17,664$10,257$5,695$3,056$1,601$301
47 years$17,093$9,788$5,350$2,823$1,454$262
48 years$16,546$9,344$5,028$2,609$1,320$228
49 years$16,024$8,923$4,726$2,411$1,199$198
50 years$15,524$8,524$4,443$2,229$1,089$172

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 $5,838 every year, while hoping to spend $27,425 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: 48/22/30 Blend
60$15,900,000$15,900,000$15,900,000$15,900,000
61$17,527,822$16,685,122$16,438,672$18,218,499
62$19,286,480$17,473,513$16,960,187$19,494,856
63$21,223,602$18,299,616$17,498,255$20,877,056
64$23,357,362$19,165,250$18,053,399$22,377,689
65$25,707,787$20,072,322$18,626,162$24,007,958
66$28,296,947$21,022,831$19,217,105$25,780,171
67$31,149,161$22,018,876$19,826,803$27,707,855
68$34,291,228$23,062,652$20,455,853$29,805,877
69$37,752,678$24,156,467$21,104,869$32,090,581
70$41,566,054$25,302,737$21,774,485$34,579,935
71$45,767,216$26,503,996$22,465,355$37,293,694
72$50,395,682$27,762,901$23,178,154$40,253,586
73$55,494,998$29,082,240$23,913,578$43,483,503
74$61,113,151$30,464,933$24,672,347$47,009,725
75$67,303,022$31,914,044$25,455,200$50,861,162
76$74,122,885$33,432,787$26,262,904$55,069,617
77$81,636,954$35,024,529$27,096,246$59,670,078
78$89,915,995$36,692,802$27,956,042$64,701,045
79$99,037,989$38,441,311$28,843,131$70,204,883
80$109,088,868$40,273,940$29,758,381$76,228,212
81$120,163,331$42,194,761$30,702,685$82,822,341
82$132,365,732$44,208,046$31,676,966$90,043,740
83$145,811,068$46,318,272$32,682,176$97,954,568
84$160,626,067$48,530,137$33,719,298$106,623,247
85$176,950,376$50,848,564$34,789,345$116,125,095
86$194,937,889$53,278,719$35,893,363$126,543,033
87$214,758,194$55,826,016$37,032,431$137,968,349
88$236,598,173$58,496,134$38,207,661$150,501,554
89$260,663,772$61,295,030$39,420,203$164,253,315
90$287,181,939$64,228,949$40,671,242$179,345,487
91$316,402,768$67,304,438$41,962,000$195,912,250
92$348,601,862$70,528,368$43,293,739$214,101,365
93$384,082,934$73,907,939$44,667,760$234,075,548
94$423,180,670$77,450,705$46,085,407$256,013,996
95$466,263,896$81,164,587$47,548,066$280,114,059
96$513,739,053$85,057,892$49,057,166$306,593,089
97$566,054,037$89,139,329$50,614,182$335,690,475
98$623,702,428$93,418,036$52,220,636$367,669,879
99$687,228,148$97,903,592$53,878,100$402,821,713
100$757,230,596$102,606,045$55,588,193$441,465,856