Can I retire at age 61 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,086,028
2 years$560,066$549,635$539,526$529,725$520,218$513,731
3 years$369,668$359,193$349,109$339,400$330,048$323,705
4 years$274,488$264,045$254,062$244,518$235,393$229,242
5 years$217,395$207,014$197,163$187,814$178,942$173,002
6 years$179,346$169,043$159,337$150,196$141,591$135,869
7 years$152,178$141,962$132,410$123,484$115,151$109,651
8 years$131,811$121,687$112,294$103,588$95,529$90,250
9 years$115,979$105,951$96,719$88,234$80,449$75,391
10 years$103,321$93,390$84,321$76,059$68,547$63,706
11 years$92,971$83,140$74,235$66,194$58,952$54,326
12 years$84,352$74,622$65,882$58,061$51,087$46,671
13 years$77,065$67,437$58,861$51,259$44,549$40,339
14 years$70,824$61,298$52,887$45,502$39,051$35,042
15 years$65,420$55,997$47,750$40,580$34,384$30,571
16 years$60,696$51,376$43,292$36,335$30,388$26,766
17 years$56,533$47,315$39,394$32,647$26,945$23,507
18 years$52,836$43,721$35,962$29,421$23,958$20,699
19 years$49,532$40,521$32,921$26,584$21,354$18,268
20 years$46,562$37,654$30,214$24,077$19,074$16,155
21 years$43,878$35,073$27,791$21,852$17,069$14,311
22 years$41,442$32,739$25,613$19,868$15,300$12,696
23 years$39,221$30,620$23,649$18,094$13,734$11,278
24 years$37,188$28,689$21,872$16,503$12,345$10,031
25 years$35,321$26,924$20,258$15,072$11,108$8,930
26 years$33,600$25,304$18,788$13,781$10,006$7,958
27 years$32,009$23,814$17,446$12,614$9,021$7,097
28 years$30,534$22,440$16,219$11,557$8,140$6,333
29 years$29,164$21,169$15,093$10,598$7,350$5,656
30 years$27,887$19,992$14,058$9,726$6,641$5,053
31 years$26,695$18,899$13,106$8,933$6,004$4,517
32 years$25,580$17,882$12,228$8,210$5,431$4,040
33 years$24,535$16,935$11,418$7,549$4,915$3,614
34 years$23,553$16,051$10,668$6,946$4,450$3,235
35 years$22,629$15,224$9,974$6,394$4,031$2,896
36 years$21,759$14,449$9,330$5,889$3,652$2,593
37 years$20,937$13,724$8,733$5,426$3,310$2,323
38 years$20,161$13,042$8,178$5,001$3,001$2,081
39 years$19,426$12,402$7,662$4,611$2,721$1,865
40 years$18,730$11,800$7,182$4,253$2,468$1,672
41 years$18,070$11,232$6,734$3,924$2,239$1,499
42 years$17,442$10,697$6,317$3,622$2,032$1,344
43 years$16,845$10,192$5,927$3,343$1,844$1,205
44 years$16,278$9,715$5,564$3,087$1,674$1,080
45 years$15,736$9,264$5,224$2,851$1,520$969
46 years$15,220$8,838$4,907$2,633$1,380$869
47 years$14,728$8,434$4,610$2,433$1,253$780
48 years$14,257$8,051$4,332$2,248$1,138$699
49 years$13,807$7,689$4,072$2,078$1,033$627
50 years$13,376$7,344$3,828$1,920$939$563

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,700,000, adding $6,692 every year, while hoping to spend $46,623 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: 63/28/9 Blend
60$13,700,000$13,700,000$13,700,000$13,700,000
61$15,104,303$14,378,203$14,165,853$16,026,557
62$16,595,335$15,033,128$14,590,802$17,298,189
63$18,236,890$15,718,582$15,028,425$18,680,019
64$20,044,272$16,436,012$15,479,096$20,187,585
65$22,034,344$17,186,933$15,943,203$21,833,077
66$24,225,689$17,972,934$16,421,141$23,629,898
67$26,638,782$18,795,681$16,913,322$25,592,792
68$29,296,185$19,656,917$17,420,166$27,737,975
69$32,222,762$20,558,471$17,942,107$30,083,286
70$35,445,907$21,502,260$18,479,592$32,648,348
71$38,995,811$22,490,293$19,033,080$35,454,754
72$42,905,740$23,524,673$19,603,044$38,526,262
73$47,212,350$24,607,606$20,189,971$41,889,014
74$51,956,037$25,741,406$20,794,362$45,571,781
75$57,181,313$26,928,495$21,416,733$49,606,226
76$62,937,228$28,171,413$22,057,614$54,027,199
77$69,277,834$29,472,821$22,717,554$58,873,057
78$76,262,694$30,835,510$23,397,113$64,186,026
79$83,957,443$32,262,404$24,096,870$70,012,586
80$92,434,410$33,756,569$24,817,422$76,403,907
81$101,773,295$35,321,217$25,559,382$83,416,325
82$112,061,931$36,959,715$26,323,380$91,111,864
83$123,397,101$38,675,595$27,110,067$99,558,816
84$135,885,462$40,472,556$27,920,111$108,832,378
85$149,644,544$42,354,476$28,754,199$119,015,349
86$164,803,863$44,325,421$29,613,041$130,198,908
87$181,506,144$46,389,653$30,497,365$142,483,461
88$199,908,664$48,551,640$31,407,920$155,979,584
89$220,184,742$50,816,064$32,345,479$170,809,051
90$242,525,369$53,187,835$33,310,836$187,105,976
91$267,141,017$55,672,099$34,304,809$205,018,070
92$294,263,620$58,274,251$35,328,239$224,708,017
93$324,148,765$60,999,946$36,381,992$246,355,006
94$357,078,109$63,855,113$37,466,959$270,156,401
95$393,362,031$66,845,968$38,584,056$296,329,598
96$433,342,563$69,979,026$39,734,227$325,114,060
97$477,396,625$73,261,118$40,918,444$356,773,562
98$525,939,575$76,699,407$42,137,706$391,598,669
99$579,429,132$80,301,399$43,393,040$429,909,458
100$638,369,702$84,074,966$44,685,505$472,058,527