Can I retire at age 61 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,088,362
2 years$576,418$565,683$555,279$545,191$535,407$499,478
3 years$380,462$369,680$359,302$349,309$339,684$304,945
4 years$282,503$271,754$261,480$251,658$242,265$208,983
5 years$223,742$213,058$202,919$193,297$184,166$152,429
6 years$184,582$173,978$163,989$154,581$145,725$115,560
7 years$156,621$146,107$136,275$127,090$118,513$89,917
8 years$135,660$125,240$115,572$106,613$98,318$71,271
9 years$119,365$109,044$99,543$90,810$82,798$57,270
10 years$106,337$96,117$86,783$78,279$70,548$46,500
11 years$95,685$85,567$76,403$68,126$60,674$38,061
12 years$86,815$76,801$67,805$59,756$52,579$31,352
13 years$79,315$69,405$60,580$52,756$45,849$25,958
14 years$72,892$63,088$54,431$46,831$40,191$21,580
15 years$67,330$57,632$49,144$41,765$35,388$18,001
16 years$62,468$52,876$44,556$37,396$31,276$15,057
17 years$58,183$48,697$40,544$33,600$27,731$12,623
18 years$54,378$44,998$37,012$30,280$24,657$10,602
19 years$50,978$41,704$33,883$27,361$21,978$8,919
20 years$47,921$38,753$31,096$24,780$19,631$7,512
21 years$45,160$36,097$28,602$22,490$17,567$6,335
22 years$42,652$33,695$26,361$20,448$15,747$5,347
23 years$40,366$31,514$24,340$18,623$14,135$4,516
24 years$38,274$29,527$22,510$16,985$12,705$3,817
25 years$36,352$27,710$20,849$15,512$11,433$3,228
26 years$34,581$26,043$19,336$14,183$10,298$2,731
27 years$32,943$24,509$17,956$12,982$9,285$2,311
28 years$31,426$23,095$16,692$11,894$8,378$1,957
29 years$30,015$21,787$15,533$10,907$7,565$1,657
30 years$28,702$20,576$14,469$10,010$6,835$1,404
31 years$27,475$19,451$13,489$9,194$6,180$1,189
32 years$26,327$18,405$12,585$8,449$5,590$1,008
33 years$25,251$17,429$11,751$7,770$5,059$854
34 years$24,241$16,519$10,979$7,149$4,580$724
35 years$23,290$15,668$10,265$6,581$4,149$614
36 years$22,394$14,871$9,603$6,061$3,759$520
37 years$21,549$14,124$8,988$5,584$3,407$441
38 years$20,750$13,423$8,417$5,147$3,089$374
39 years$19,993$12,764$7,886$4,746$2,801$317
40 years$19,277$12,144$7,391$4,377$2,540$269
41 years$18,597$11,560$6,931$4,039$2,305$228
42 years$17,951$11,009$6,501$3,727$2,091$193
43 years$17,337$10,490$6,100$3,441$1,898$164
44 years$16,753$9,999$5,726$3,177$1,723$139
45 years$16,196$9,535$5,377$2,934$1,564$118
46 years$15,665$9,096$5,050$2,710$1,420$100
47 years$15,158$8,680$4,744$2,504$1,289$85
48 years$14,673$8,286$4,458$2,314$1,171$72
49 years$14,210$7,913$4,191$2,138$1,064$61
50 years$13,767$7,559$3,940$1,976$966$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,100,000, adding $6,554 every year, while hoping to spend $52,846 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: 78/8/14 Blend
60$14,100,000$14,100,000$14,100,000$14,100,000
61$15,544,960$14,797,660$14,579,110$16,712,501
62$17,074,319$15,466,518$15,011,283$18,151,292
63$18,757,900$16,166,379$15,456,162$19,721,689
64$20,611,380$16,898,705$15,914,118$21,442,746
65$22,652,031$17,665,031$16,385,530$23,329,492
66$24,898,883$18,466,964$16,870,791$25,398,479
67$27,372,910$19,306,186$17,370,303$27,667,932
68$30,097,219$20,184,461$17,884,481$30,157,923
69$33,097,275$21,103,638$18,413,750$32,890,556
70$36,401,135$22,065,655$18,958,549$35,890,176
71$40,039,719$23,072,541$19,519,328$39,183,594
72$44,047,098$24,126,422$20,096,553$42,800,343
73$48,460,813$25,229,528$20,690,699$46,772,949
74$53,322,237$26,384,196$21,302,258$51,137,240
75$58,676,955$27,592,872$21,931,734$55,932,680
76$64,575,205$28,858,123$22,579,647$61,202,739
77$71,072,341$30,182,636$23,246,531$66,995,304
78$78,229,366$31,569,231$23,932,936$73,363,123
79$86,113,497$33,020,860$24,639,425$80,364,306
80$94,798,809$34,540,617$25,366,581$88,062,868
81$104,366,928$36,131,748$26,115,002$96,529,330
82$114,907,802$37,797,651$26,885,302$105,841,382
83$126,520,552$39,541,889$27,678,113$116,084,616
84$139,314,405$41,368,199$28,494,087$127,353,327
85$153,409,727$43,280,493$29,333,891$139,751,402
86$168,939,157$45,282,875$30,198,215$153,393,296
87$186,048,861$47,379,646$31,087,765$168,405,112
88$204,899,908$49,575,312$32,003,269$184,925,782
89$225,669,796$51,874,599$32,945,475$203,108,380
90$248,554,120$54,282,459$33,915,153$223,121,561
91$273,768,424$56,804,084$34,913,095$245,151,147
92$301,550,233$59,444,914$35,940,114$269,401,881
93$332,161,296$62,210,654$36,997,047$296,099,351
94$365,890,055$65,107,283$38,084,755$325,492,117
95$403,054,370$68,141,069$39,204,122$357,854,053
96$444,004,515$71,318,581$40,356,060$393,486,925
97$489,126,491$74,646,707$41,541,504$432,723,237
98$538,845,664$78,132,666$42,761,415$475,929,363
99$593,630,784$81,784,029$44,016,785$523,508,999
100$653,998,406$85,608,728$45,308,629$575,906,970