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%11.9%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,257,790
2 years$650,004$637,898$626,165$614,790$603,756$593,577
3 years$429,031$416,873$405,171$393,902$383,048$373,103
4 years$318,567$306,446$294,860$283,784$273,193$263,559
5 years$252,305$240,257$228,824$217,973$207,677$198,382
6 years$208,146$196,188$184,924$174,315$164,328$155,384
7 years$176,615$164,759$153,672$143,314$133,642$125,054
8 years$152,978$141,229$130,326$120,223$110,869$102,636
9 years$134,604$122,965$112,250$102,403$93,368$85,487
10 years$119,912$108,387$97,862$88,272$79,554$72,021
11 years$107,900$96,491$86,156$76,823$68,419$61,229
12 years$97,897$86,605$76,461$67,384$59,291$52,437
13 years$89,440$78,266$68,313$59,490$51,703$45,177
14 years$82,197$71,141$61,380$52,809$45,322$39,117
15 years$75,925$64,989$55,418$47,096$39,905$34,012
16 years$70,443$59,626$50,244$42,170$35,268$29,678
17 years$65,611$54,913$45,720$37,889$31,271$25,974
18 years$61,320$50,742$41,737$34,146$27,805$22,791
19 years$57,486$47,028$38,208$30,854$24,783$20,043
20 years$54,039$43,700$35,065$27,944$22,137$17,660
21 years$50,925$40,705$32,253$25,361$19,810$15,586
22 years$48,097$37,997$29,726$23,059$17,757$13,776
23 years$45,519$35,538$27,447$21,000$15,940$12,192
24 years$43,160$33,296$25,384$19,153$14,327$10,802
25 years$40,993$31,247$23,511$17,492$12,892$9,580
26 years$38,995$29,367$21,805$15,994$11,613$8,503
27 years$37,149$27,638$20,248$14,639$10,470$7,553
28 years$35,438$26,043$18,823$13,413$9,447$6,714
29 years$33,847$24,569$17,516$12,300$8,530$5,971
30 years$32,366$23,203$16,316$11,288$7,708$5,314
31 years$30,982$21,934$15,211$10,367$6,969$4,731
32 years$29,688$20,754$14,192$9,528$6,304$4,214
33 years$28,475$19,654$13,251$8,762$5,705$3,754
34 years$27,335$18,628$12,381$8,061$5,165$3,346
35 years$26,263$17,668$11,575$7,421$4,678$2,983
36 years$25,253$16,770$10,829$6,835$4,239$2,660
37 years$24,300$15,927$10,135$6,297$3,842$2,373
38 years$23,399$15,137$9,491$5,804$3,483$2,117
39 years$22,546$14,394$8,892$5,352$3,158$1,889
40 years$21,738$13,694$8,335$4,936$2,865$1,686
41 years$20,971$13,036$7,815$4,554$2,599$1,505
42 years$20,243$12,415$7,331$4,203$2,358$1,343
43 years$19,551$11,829$6,879$3,880$2,140$1,199
44 years$18,891$11,275$6,457$3,582$1,943$1,071
45 years$18,263$10,752$6,063$3,309$1,764$956
46 years$17,664$10,257$5,695$3,056$1,601$854
47 years$17,093$9,788$5,350$2,823$1,454$763
48 years$16,546$9,344$5,028$2,609$1,320$681
49 years$16,024$8,923$4,726$2,411$1,199$608
50 years$15,524$8,524$4,443$2,229$1,089$544

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 $3,824 every year, while hoping to spend $56,859 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: 51/34/15 Blend
60$15,900,000$15,900,000$15,900,000$15,900,000
61$17,525,744$16,683,044$16,436,594$18,347,786
62$19,252,873$17,440,016$16,926,723$19,669,180
63$21,154,263$18,232,174$17,431,365$21,098,703
64$23,247,629$19,061,181$17,950,947$22,651,583
65$25,552,490$19,928,783$18,485,907$24,339,482
66$28,090,356$20,836,805$19,036,697$26,175,209
67$30,884,927$21,787,163$19,603,781$28,172,839
68$33,962,319$22,781,863$20,187,637$30,347,841
69$37,351,309$23,823,008$20,788,756$32,717,214
70$41,083,609$24,912,802$21,407,646$35,299,645
71$45,194,161$26,053,553$22,044,826$38,115,676
72$49,721,470$27,247,682$22,700,832$41,187,895
73$54,707,966$28,497,724$23,376,216$44,541,139
74$60,200,404$29,806,338$24,071,544$48,202,720
75$66,250,305$31,176,309$24,787,402$52,202,679
76$72,914,445$32,610,557$25,524,388$56,574,059
77$80,255,385$34,112,141$26,283,122$61,353,209
78$88,342,067$35,684,268$27,064,239$66,580,117
79$97,250,460$37,330,299$27,868,393$72,298,780
80$107,064,280$39,053,758$28,696,258$78,557,610
81$117,875,780$40,858,335$29,548,525$85,409,878
82$129,786,617$42,747,901$30,425,909$92,914,209
83$142,908,817$44,726,513$31,329,141$101,135,124
84$157,365,825$46,798,421$32,258,977$110,143,635
85$173,293,678$48,968,082$33,216,191$120,017,909
86$190,842,283$51,240,168$34,201,583$130,843,985
87$210,176,835$53,619,575$35,215,975$142,716,581
88$231,479,372$56,111,435$36,260,211$155,739,967
89$254,950,500$58,721,127$37,335,160$170,028,942
90$280,811,281$61,454,292$38,441,717$185,709,897
91$309,305,320$64,316,840$39,580,803$202,921,995
92$340,701,066$67,314,969$40,753,364$221,818,467
93$375,294,347$70,455,175$41,960,373$242,568,040
94$413,411,158$73,744,266$43,202,833$265,356,518
95$455,410,742$77,189,381$44,481,775$290,388,506
96$501,688,981$80,798,004$45,798,257$317,889,332
97$552,682,130$84,577,980$47,153,372$348,107,147
98$608,870,938$88,537,531$48,548,241$381,315,250
99$670,785,184$92,685,281$49,984,017$417,814,641
100$739,008,680$97,030,266$51,461,888$457,936,842