Can I retire at age 61 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,072,958
2 years$564,154$553,647$543,464$533,591$524,015$496,510
3 years$372,367$361,815$351,657$341,877$332,457$305,780
4 years$276,492$265,972$255,917$246,303$237,111$211,468
5 years$218,982$208,525$198,602$189,185$180,248$155,710
6 years$180,655$170,277$160,500$151,292$142,624$119,215
7 years$153,289$142,998$133,376$124,386$115,992$93,715
8 years$132,774$122,576$113,113$104,344$96,226$75,071
9 years$116,826$106,724$97,425$88,878$81,036$60,986
10 years$104,075$94,072$84,937$76,614$69,047$50,077
11 years$93,649$83,747$74,777$66,677$59,383$41,466
12 years$84,967$75,167$66,363$58,485$51,460$34,565
13 years$77,627$67,929$59,291$51,633$44,874$28,968
14 years$71,341$61,745$53,273$45,834$39,336$24,384
15 years$65,897$56,405$48,098$40,876$34,635$20,599
16 years$61,139$51,751$43,608$36,600$30,610$17,454
17 years$56,945$47,661$39,682$32,885$27,141$14,826
18 years$53,221$44,041$36,224$29,636$24,133$12,620
19 years$49,893$40,816$33,162$26,779$21,510$10,761
20 years$46,902$37,929$30,434$24,253$19,213$9,189
21 years$44,199$35,329$27,994$22,011$17,194$7,857
22 years$41,745$32,978$25,800$20,013$15,412$6,725
23 years$39,507$30,844$23,822$18,226$13,834$5,761
24 years$37,460$28,899$22,031$16,624$12,435$4,939
25 years$35,579$27,120$20,405$15,182$11,189$4,238
26 years$33,845$25,489$18,925$13,881$10,079$3,638
27 years$32,243$23,988$17,574$12,706$9,087$3,124
28 years$30,757$22,603$16,337$11,641$8,199$2,684
29 years$29,377$21,324$15,203$10,675$7,404$2,307
30 years$28,091$20,138$14,161$9,797$6,690$1,983
31 years$26,890$19,037$13,202$8,998$6,048$1,706
32 years$25,767$18,013$12,318$8,269$5,471$1,467
33 years$24,714$17,059$11,501$7,604$4,951$1,262
34 years$23,725$16,168$10,746$6,997$4,483$1,086
35 years$22,794$15,335$10,047$6,441$4,060$935
36 years$21,918$14,555$9,398$5,932$3,679$804
37 years$21,090$13,824$8,797$5,465$3,334$692
38 years$20,308$13,138$8,238$5,038$3,023$596
39 years$19,568$12,493$7,718$4,645$2,741$513
40 years$18,867$11,886$7,234$4,284$2,486$442
41 years$18,201$11,314$6,783$3,953$2,256$380
42 years$17,569$10,775$6,363$3,648$2,047$328
43 years$16,968$10,266$5,971$3,367$1,858$282
44 years$16,396$9,786$5,604$3,109$1,686$243
45 years$15,851$9,332$5,262$2,872$1,531$209
46 years$15,331$8,902$4,943$2,652$1,390$180
47 years$14,835$8,496$4,643$2,451$1,262$155
48 years$14,361$8,110$4,364$2,264$1,146$134
49 years$13,908$7,745$4,101$2,093$1,041$115
50 years$13,474$7,398$3,856$1,934$945$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,800,000, adding $6,446 every year, while hoping to spend $55,441 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: 22/48/30 Blend
60$13,800,000$13,800,000$13,800,000$13,800,000
61$15,214,249$14,482,849$14,268,949$15,404,662
62$16,707,114$15,133,520$14,687,970$16,227,812
63$18,350,392$15,814,215$15,119,170$17,102,750
64$20,159,369$16,526,348$15,562,899$18,037,576
65$22,150,884$17,271,399$16,019,515$19,037,232
66$24,343,494$18,050,917$16,489,389$20,107,110
67$26,757,647$18,866,529$16,972,900$21,253,104
68$29,415,873$19,719,935$17,470,439$22,481,655
69$32,343,001$20,612,920$17,982,407$23,799,805
70$35,566,386$21,547,353$18,509,217$25,215,255
71$39,116,176$22,525,192$19,051,294$26,736,432
72$43,025,588$23,548,488$19,609,074$28,372,557
73$47,331,226$24,619,392$20,183,006$30,133,727
74$52,073,426$25,740,157$20,773,552$32,030,998
75$57,296,633$26,913,143$21,381,184$34,076,482
76$63,049,828$28,140,825$22,006,391$36,283,450
77$69,386,979$29,425,794$22,649,675$38,666,448
78$76,367,562$30,770,769$23,311,549$41,241,422
79$84,057,111$32,178,595$23,992,545$44,025,858
80$92,527,847$33,652,256$24,693,205$47,038,937
81$101,859,350$35,194,879$25,414,090$50,301,701
82$112,139,317$36,809,742$26,155,775$53,837,239
83$123,464,385$38,500,277$26,918,852$57,670,892
84$135,941,047$40,270,085$27,703,928$61,830,480
85$149,686,652$42,122,937$28,511,627$66,346,546
86$164,830,516$44,062,787$29,342,593$71,252,631
87$181,515,143$46,093,778$30,197,484$76,585,574
88$199,897,567$48,220,252$31,076,979$82,385,845
89$220,150,837$50,446,763$31,981,776$88,697,906
90$242,465,647$52,778,079$32,912,591$95,570,612
91$267,052,140$55,219,202$33,870,159$103,057,658
92$294,141,888$57,775,372$34,855,239$111,218,059
93$323,990,078$60,452,083$35,868,607$120,116,691
94$356,877,924$63,255,093$36,911,063$129,824,877
95$393,115,318$66,190,438$37,983,429$140,421,043
96$433,043,754$69,264,443$39,086,548$151,991,428
97$477,039,557$72,483,741$40,221,288$164,630,877
98$525,517,431$75,855,283$41,388,539$178,443,706
99$578,934,372$79,386,356$42,589,219$193,544,663
100$637,793,988$83,084,597$43,824,267$210,059,981