Can I retire at age 61 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,075,060
2 years$572,330$561,671$551,341$541,325$531,609$490,447
3 years$377,763$367,058$356,754$346,832$337,275$297,564
4 years$280,499$269,827$259,625$249,873$240,547$202,592
5 years$222,156$211,547$201,480$191,926$182,860$146,758
6 years$183,273$172,744$162,826$153,485$144,691$110,468
7 years$155,510$145,070$135,309$126,189$117,673$85,320
8 years$134,698$124,352$114,753$105,856$97,621$67,109
9 years$118,519$108,271$98,837$90,166$82,211$53,498
10 years$105,583$95,436$86,168$77,724$70,048$43,082
11 years$95,006$84,961$75,861$67,643$60,243$34,967
12 years$86,199$76,256$67,325$59,332$52,206$28,556
13 years$78,752$68,913$60,150$52,381$45,524$23,434
14 years$72,375$62,640$54,045$46,498$39,906$19,306
15 years$66,852$57,223$48,795$41,468$35,137$15,956
16 years$62,025$52,501$44,240$37,130$31,054$13,221
17 years$57,770$48,351$40,257$33,361$27,535$10,979
18 years$53,993$44,679$36,749$30,065$24,482$9,132
19 years$50,616$41,408$33,642$27,167$21,822$7,607
20 years$47,582$38,478$30,875$24,605$19,492$6,344
21 years$44,839$35,841$28,399$22,330$17,443$5,296
22 years$42,350$33,456$26,174$20,303$15,635$4,425
23 years$40,080$31,291$24,167$18,491$14,035$3,699
24 years$38,003$29,318$22,351$16,865$12,615$3,094
25 years$36,094$27,513$20,701$15,402$11,351$2,590
26 years$34,335$25,858$19,199$14,082$10,225$2,168
27 years$32,710$24,335$17,828$12,890$9,219$1,816
28 years$31,203$22,931$16,574$11,810$8,318$1,521
29 years$29,803$21,633$15,423$10,830$7,511$1,275
30 years$28,498$20,430$14,366$9,939$6,787$1,068
31 years$27,280$19,313$13,393$9,128$6,136$895
32 years$26,140$18,274$12,496$8,389$5,550$751
33 years$25,072$17,306$11,668$7,715$5,023$629
34 years$24,069$16,402$10,902$7,098$4,548$528
35 years$23,125$15,557$10,192$6,534$4,119$443
36 years$22,235$14,766$9,535$6,018$3,732$371
37 years$21,396$14,024$8,924$5,545$3,383$311
38 years$20,602$13,328$8,357$5,111$3,067$261
39 years$19,852$12,674$7,830$4,712$2,781$219
40 years$19,140$12,058$7,339$4,346$2,522$184
41 years$18,465$11,478$6,881$4,010$2,288$154
42 years$17,824$10,931$6,455$3,701$2,076$129
43 years$17,214$10,415$6,057$3,416$1,885$108
44 years$16,634$9,928$5,686$3,154$1,711$91
45 years$16,081$9,467$5,339$2,913$1,553$76
46 years$15,554$9,031$5,014$2,691$1,410$64
47 years$15,050$8,619$4,711$2,486$1,280$54
48 years$14,569$8,228$4,427$2,297$1,163$45
49 years$14,109$7,857$4,161$2,123$1,056$38
50 years$13,669$7,505$3,912$1,962$959$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,000,000, adding $4,840 every year, while hoping to spend $45,956 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: 79/14/7 Blend
60$14,000,000$14,000,000$14,000,000$14,000,000
61$15,432,992$14,690,992$14,473,992$16,639,846
62$16,958,261$15,361,954$14,909,974$18,102,632
63$18,637,566$16,064,253$15,359,021$19,700,366
64$20,486,572$16,799,375$15,821,523$21,451,636
65$22,522,538$17,568,880$16,297,879$23,371,725
66$24,764,482$18,374,400$16,788,503$25,477,461
67$27,233,360$19,217,647$17,293,819$27,787,370
68$29,952,266$20,100,414$17,814,265$30,321,851
69$32,946,644$21,024,582$18,350,290$33,103,366
70$36,244,535$21,992,120$18,902,358$36,156,648
71$39,876,837$23,005,094$19,470,947$39,508,935
72$43,877,598$24,065,667$20,056,547$43,190,221
73$48,284,337$25,176,108$20,659,664$47,233,539
74$53,138,396$26,338,794$21,280,820$51,675,270
75$58,485,334$27,556,216$21,920,549$56,555,480
76$64,375,355$28,830,988$22,579,405$61,918,300
77$70,863,780$30,165,845$23,257,954$67,812,333
78$78,011,572$31,563,658$23,956,782$74,291,118
79$85,885,909$33,027,434$24,676,491$81,413,623
80$94,560,819$34,560,326$25,417,700$89,244,803
81$104,117,878$36,165,637$26,181,048$97,856,210
82$114,646,980$37,846,832$26,967,192$107,326,659
83$126,247,187$39,607,541$27,776,808$117,742,973
84$139,027,661$41,451,572$28,610,592$129,200,798
85$153,108,695$43,382,912$29,469,260$141,805,495
86$168,622,852$45,405,744$30,353,550$155,673,139
87$185,716,211$47,524,453$31,264,221$170,931,603
88$204,549,747$49,743,635$32,202,056$187,721,760
89$225,300,855$52,068,106$33,167,858$206,198,812
90$248,165,017$54,502,919$34,162,456$226,533,744
91$273,357,653$57,053,366$35,186,703$248,914,937
92$301,116,152$59,724,999$36,241,476$273,549,935
93$331,702,113$62,523,637$37,327,678$300,667,400
94$365,403,813$65,455,380$38,446,240$330,519,266
95$402,538,931$68,526,622$39,598,118$363,383,105
96$443,457,544$71,744,070$40,784,298$399,564,745
97$488,545,436$75,114,751$42,005,793$439,401,146
98$538,227,731$78,646,035$43,263,649$483,263,572
99$592,972,916$82,345,647$44,558,938$531,561,090
100$653,297,258$86,221,688$45,892,767$584,744,423