Can I retire at age 61 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,120,689
2 years$596,859$585,743$574,970$564,524$554,393$511,030
3 years$393,953$382,789$372,043$361,696$351,729$309,904
4 years$292,520$281,391$270,752$260,582$250,856$210,886
5 years$231,677$220,614$210,115$200,152$190,697$152,686
6 years$191,127$180,148$169,804$160,063$150,892$114,867
7 years$162,175$151,288$141,108$131,597$122,716$88,666
8 years$140,471$129,682$119,671$110,393$101,804$69,700
9 years$123,598$112,911$103,072$94,030$85,734$55,529
10 years$110,108$99,526$89,861$81,055$73,050$44,690
11 years$99,078$88,602$79,112$70,542$62,825$36,248
12 years$89,893$79,524$70,210$61,875$54,443$29,582
13 years$82,127$71,867$62,728$54,626$47,475$24,260
14 years$75,476$65,325$56,361$48,491$41,617$19,973
15 years$69,718$59,675$50,887$43,246$36,643$16,495
16 years$64,684$54,751$46,136$38,722$32,385$13,658
17 years$60,246$50,424$41,982$34,791$28,715$11,333
18 years$56,307$46,594$38,324$31,354$25,532$9,419
19 years$52,786$43,183$35,084$28,331$22,757$7,840
20 years$49,621$40,127$32,198$25,659$20,327$6,534
21 years$46,761$37,377$29,616$23,287$18,190$5,450
22 years$44,165$34,890$27,296$21,173$16,305$4,550
23 years$41,798$32,632$25,203$19,283$14,636$3,801
24 years$39,631$30,574$23,309$17,587$13,155$3,177
25 years$37,641$28,692$21,588$16,062$11,838$2,657
26 years$35,807$26,966$20,022$14,686$10,663$2,222
27 years$34,112$25,378$18,592$13,442$9,614$1,860
28 years$32,540$23,914$17,284$12,316$8,675$1,557
29 years$31,080$22,560$16,084$11,294$7,833$1,303
30 years$29,719$21,305$14,982$10,365$7,078$1,091
31 years$28,449$20,141$13,967$9,520$6,399$914
32 years$27,261$19,057$13,032$8,749$5,788$766
33 years$26,146$18,047$12,168$8,045$5,238$641
34 years$25,100$17,105$11,369$7,402$4,743$537
35 years$24,116$16,224$10,629$6,814$4,296$450
36 years$23,188$15,399$9,943$6,276$3,892$377
37 years$22,313$14,625$9,307$5,782$3,528$316
38 years$21,485$13,899$8,715$5,330$3,198$265
39 years$20,702$13,217$8,165$4,914$2,900$222
40 years$19,961$12,575$7,653$4,533$2,630$186
41 years$19,257$11,970$7,176$4,182$2,386$156
42 years$18,588$11,400$6,732$3,859$2,165$131
43 years$17,952$10,862$6,317$3,563$1,965$110
44 years$17,347$10,353$5,929$3,290$1,784$92
45 years$16,770$9,873$5,567$3,038$1,619$77
46 years$16,220$9,418$5,229$2,806$1,470$65
47 years$15,695$8,988$4,913$2,593$1,335$54
48 years$15,193$8,580$4,617$2,396$1,213$45
49 years$14,714$8,194$4,339$2,214$1,101$38
50 years$14,255$7,827$4,080$2,046$1,000$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,600,000, adding $4,153 every year, while hoping to spend $54,234 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: 61/28/11 Blend
60$14,600,000$14,600,000$14,600,000$14,600,000
61$16,093,484$15,319,684$15,093,384$17,033,609
62$17,677,315$16,012,644$15,541,308$18,357,686
63$19,420,878$16,737,741$16,002,419$19,795,287
64$21,340,411$17,496,493$16,477,103$21,362,609
65$23,453,802$18,290,490$16,965,755$23,072,192
66$25,780,763$19,121,398$17,468,781$24,937,822
67$28,343,017$19,990,963$17,986,602$26,974,661
68$31,164,498$20,901,013$18,519,646$29,199,385
69$34,271,581$21,853,467$19,068,358$31,630,338
70$37,693,328$22,850,332$19,633,194$34,287,697
71$41,461,764$23,893,715$20,214,622$37,193,662
72$45,612,177$24,985,820$20,813,125$40,372,658
73$50,183,453$26,128,960$21,429,199$43,851,560
74$55,218,443$27,325,556$22,063,355$47,659,943
75$60,764,365$28,578,149$22,716,118$51,830,353
76$66,873,250$29,889,399$23,388,028$56,398,611
77$73,602,436$31,262,093$24,079,641$61,404,142
78$81,015,104$32,699,156$24,791,529$66,890,341
79$89,180,879$34,203,648$25,524,279$72,904,978
80$98,176,483$35,778,782$26,278,497$79,500,640
81$108,086,462$37,427,920$27,054,805$86,735,218
82$119,003,982$39,154,589$27,853,842$94,672,451
83$131,031,710$40,962,485$28,676,267$103,382,512
84$144,282,779$42,855,482$29,522,757$112,942,667
85$158,881,862$44,837,639$30,394,008$123,437,996
86$174,966,341$46,913,213$31,290,737$134,962,182
87$192,687,610$49,086,663$32,213,679$147,618,389
88$212,212,503$51,362,666$33,163,594$161,520,225
89$233,724,863$53,746,122$34,141,259$176,792,802
90$257,427,284$56,242,167$35,147,477$193,573,909
91$283,543,021$58,856,187$36,183,071$212,015,296
92$312,318,095$61,593,826$37,248,889$232,284,098
93$344,023,617$64,461,000$38,345,804$254,564,401
94$378,958,349$67,463,911$39,474,711$279,058,960
95$417,451,519$70,609,062$40,636,532$305,991,104
96$459,865,935$73,903,266$41,832,217$335,606,831
97$506,601,403$77,353,669$43,062,739$368,177,107
98$558,098,507$80,967,760$44,329,101$404,000,415
99$614,842,764$84,753,389$45,632,336$443,405,555
100$677,369,208$88,718,788$46,973,502$486,754,725