Can I retire at age 61 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,036,185
2 years$543,714$533,587$523,774$514,258$505,029$480,605
3 years$358,875$348,705$338,916$329,490$320,411$296,702
4 years$266,474$256,335$246,644$237,379$228,520$205,709
5 years$211,048$200,970$191,406$182,330$173,717$151,868
6 years$174,109$164,107$154,685$145,811$137,456$116,591
7 years$147,735$137,817$128,544$119,879$111,789$91,911
8 years$127,963$118,135$109,015$100,564$92,740$73,842
9 years$112,593$102,857$93,895$85,658$78,100$60,168
10 years$100,304$90,664$81,860$73,838$66,545$49,559
11 years$90,256$80,713$72,068$64,261$57,231$41,168
12 years$81,889$72,443$63,958$56,366$49,595$34,429
13 years$74,814$65,468$57,143$49,762$43,248$28,951
14 years$68,756$59,508$51,343$44,173$37,911$24,453
15 years$63,510$54,362$46,356$39,395$33,380$20,730
16 years$58,924$49,876$42,028$35,274$29,501$17,627
17 years$54,882$45,934$38,244$31,693$26,158$15,027
18 years$51,293$42,445$34,912$28,562$23,258$12,838
19 years$48,086$39,338$31,960$25,808$20,731$10,988
20 years$45,202$36,554$29,331$23,374$18,517$9,419
21 years$42,597$34,049$26,979$21,214$16,571$8,084
22 years$40,232$31,783$24,866$19,288$14,853$6,946
23 years$38,076$29,726$22,959$17,566$13,333$5,974
24 years$36,102$27,852$21,233$16,021$11,984$5,143
25 years$34,289$26,137$19,666$14,632$10,784$4,430
26 years$32,619$24,565$18,239$13,378$9,714$3,818
27 years$31,074$23,119$16,937$12,246$8,758$3,292
28 years$29,643$21,784$15,745$11,220$7,902$2,840
29 years$28,312$20,551$14,652$10,289$7,136$2,451
30 years$27,073$19,408$13,648$9,442$6,447$2,116
31 years$25,916$18,347$12,723$8,672$5,829$1,827
32 years$24,833$17,360$11,871$7,970$5,273$1,578
33 years$23,818$16,441$11,084$7,329$4,772$1,363
34 years$22,865$15,582$10,356$6,743$4,320$1,178
35 years$21,968$14,779$9,683$6,208$3,913$1,018
36 years$21,123$14,028$9,058$5,717$3,546$880
37 years$20,326$13,323$8,478$5,267$3,213$761
38 years$19,572$12,662$7,939$4,855$2,913$658
39 years$18,859$12,040$7,438$4,477$2,642$569
40 years$18,183$11,455$6,972$4,129$2,396$492
41 years$17,542$10,904$6,537$3,810$2,174$425
42 years$16,933$10,385$6,132$3,516$1,973$368
43 years$16,354$9,895$5,754$3,245$1,790$318
44 years$15,802$9,432$5,401$2,997$1,625$275
45 years$15,277$8,994$5,072$2,768$1,475$238
46 years$14,776$8,580$4,764$2,556$1,339$206
47 years$14,298$8,188$4,475$2,362$1,216$178
48 years$13,841$7,816$4,205$2,182$1,105$154
49 years$13,404$7,464$3,953$2,017$1,003$133
50 years$12,985$7,130$3,716$1,864$911$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,300,000, adding $4,519 every year, while hoping to spend $58,535 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: 58/26/16 Blend
60$13,300,000$13,300,000$13,300,000$13,300,000
61$14,661,261$13,956,361$13,750,211$15,450,725
62$16,094,429$14,577,942$14,148,563$16,607,321
63$17,671,818$15,228,019$14,558,297$17,860,733
64$19,408,078$15,907,925$14,979,734$19,225,763
65$21,319,348$16,619,060$15,413,201$20,713,165
66$23,423,414$17,362,887$15,859,036$22,334,761
67$25,739,875$18,140,941$16,317,586$24,103,554
68$28,290,324$18,954,828$16,789,207$26,033,842
69$31,098,555$19,806,233$17,274,263$28,141,355
70$34,190,788$20,696,919$17,773,132$30,443,394
71$37,595,915$21,628,735$18,286,198$32,958,993
72$41,345,771$22,603,616$18,813,859$35,709,094
73$45,475,437$23,623,591$19,356,521$38,716,741
74$50,023,570$24,690,785$19,914,602$42,007,290
75$55,032,766$25,807,425$20,488,533$45,608,645
76$60,549,964$26,975,844$21,078,755$49,551,518
77$66,626,888$28,198,488$21,685,720$53,869,710
78$73,320,533$29,477,917$22,309,895$58,600,427
79$80,693,709$30,816,816$22,951,758$63,784,624
80$88,815,624$32,217,997$23,611,799$69,467,387
81$97,762,546$33,684,407$24,290,522$75,698,349
82$107,618,518$35,219,135$24,988,447$82,532,156
83$118,476,151$36,825,417$25,706,104$90,028,971
84$130,437,499$38,506,644$26,444,039$98,255,040
85$143,615,024$40,266,369$27,202,815$107,283,305
86$158,132,652$42,108,317$27,983,005$117,194,087
87$174,126,949$44,036,391$28,785,202$128,075,835
88$191,748,404$46,054,680$29,610,013$140,025,953
89$211,162,854$48,167,472$30,458,060$153,151,708
90$232,553,045$50,379,258$31,329,985$167,571,237
91$256,120,360$52,694,747$32,226,445$183,414,648
92$282,086,719$55,118,871$33,148,113$200,825,241
93$310,696,673$57,656,804$34,095,682$219,960,849
94$342,219,710$60,313,964$35,069,864$240,995,315
95$376,952,804$63,096,032$36,071,389$264,120,121
96$415,223,215$66,008,962$37,101,005$289,546,189
97$457,391,576$69,058,995$38,159,482$317,505,849
98$503,855,301$72,252,670$39,247,608$348,255,028
99$555,052,334$75,596,843$40,366,196$382,075,646
100$611,465,284$79,098,700$41,516,075$419,278,265