Can I retire at age 61 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,175,200
2 years$605,035$593,767$582,846$572,257$561,987$556,967
3 years$399,350$388,033$377,140$366,651$356,548$351,635
4 years$296,528$285,245$274,461$264,151$254,293$249,526
5 years$234,850$223,636$212,993$202,894$193,309$188,702
6 years$193,746$182,615$172,130$162,256$152,959$148,518
7 years$164,396$153,360$143,041$133,399$124,397$120,123
8 years$142,395$131,458$121,310$111,905$103,199$99,094
9 years$125,291$114,458$104,484$95,319$86,909$82,971
10 years$111,617$100,889$91,092$82,165$74,050$70,279
11 years$100,435$89,816$80,196$71,509$63,686$60,077
12 years$91,125$80,614$71,172$62,723$55,189$51,741
13 years$83,252$72,851$63,587$55,375$48,126$44,835
14 years$76,510$66,220$57,133$49,155$42,187$39,050
15 years$70,673$60,493$51,584$43,838$37,144$34,157
16 years$65,570$55,501$46,768$39,252$32,828$29,987
17 years$61,072$51,114$42,557$35,268$29,108$26,408
18 years$57,078$47,232$38,849$31,783$25,881$23,319
19 years$53,509$43,774$35,565$28,719$23,069$20,639
20 years$50,301$40,677$32,639$26,011$20,605$18,304
21 years$47,402$37,889$30,022$23,606$18,439$16,262
22 years$44,770$35,368$27,670$21,463$16,528$14,470
23 years$42,370$33,079$25,548$19,547$14,837$12,893
24 years$40,174$30,993$23,628$17,828$13,336$11,502
25 years$38,157$29,085$21,884$16,282$12,000$10,272
26 years$36,298$27,336$20,296$14,887$10,809$9,181
27 years$34,579$25,726$18,847$13,627$9,745$8,214
28 years$32,986$24,241$17,521$12,485$8,793$7,353
29 years$31,506$22,869$16,305$11,449$7,940$6,588
30 years$30,126$21,597$15,187$10,507$7,175$5,905
31 years$28,839$20,417$14,158$9,650$6,486$5,296
32 years$27,634$19,318$13,210$8,869$5,867$4,752
33 years$26,505$18,295$12,334$8,155$5,310$4,265
34 years$25,444$17,339$11,524$7,504$4,808$3,830
35 years$24,446$16,446$10,775$6,908$4,354$3,440
36 years$23,506$15,610$10,079$6,362$3,945$3,091
37 years$22,618$14,826$9,434$5,861$3,576$2,778
38 years$21,780$14,090$8,835$5,403$3,242$2,498
39 years$20,986$13,398$8,277$4,982$2,940$2,246
40 years$20,234$12,747$7,758$4,595$2,666$2,020
41 years$19,520$12,134$7,275$4,239$2,419$1,817
42 years$18,843$11,556$6,824$3,912$2,195$1,635
43 years$18,198$11,010$6,403$3,612$1,992$1,471
44 years$17,585$10,495$6,011$3,335$1,808$1,323
45 years$17,000$10,008$5,644$3,080$1,642$1,191
46 years$16,442$9,547$5,301$2,845$1,491$1,072
47 years$15,910$9,111$4,980$2,628$1,353$965
48 years$15,402$8,698$4,680$2,429$1,229$869
49 years$14,915$8,306$4,399$2,244$1,116$782
50 years$14,450$7,934$4,135$2,075$1,014$704

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $14,800,000, adding $2,710 every year, while hoping to spend $24,148 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: 68/14/18 Blend
60$14,800,000$14,800,000$14,800,000$14,800,000
61$16,312,395$15,527,995$15,298,595$17,350,066
62$17,950,566$16,263,174$15,785,405$18,778,518
63$19,755,022$17,033,567$16,287,713$20,337,356
64$21,742,696$17,840,874$16,806,014$22,041,889
65$23,932,253$18,686,878$17,340,817$23,906,459
66$26,344,256$19,573,449$17,892,648$25,946,850
67$29,001,367$20,502,544$18,462,048$28,180,430
68$31,928,558$21,476,221$19,049,579$30,626,321
69$35,153,348$22,496,633$19,655,817$33,305,565
70$38,706,061$23,566,039$20,281,358$36,241,332
71$42,620,113$24,686,809$20,926,818$39,459,122
72$46,932,329$25,861,427$21,592,830$42,987,015
73$51,683,287$27,092,497$22,280,051$46,855,922
74$56,917,704$28,382,752$22,989,155$51,099,880
75$62,684,858$29,735,055$23,720,839$55,756,366
76$69,039,050$31,152,409$24,475,824$60,866,645
77$76,040,121$32,637,965$25,254,851$66,476,161
78$83,754,011$34,195,023$26,058,687$72,634,956
79$92,253,390$35,827,049$26,888,123$79,398,138
80$101,618,334$37,537,672$27,743,973$86,826,401
81$111,937,087$39,330,702$28,627,079$94,986,588
82$123,306,895$41,210,131$29,538,311$103,952,316
83$135,834,918$43,180,147$30,478,564$113,804,671
84$149,639,247$45,245,141$31,448,764$124,632,962
85$164,850,016$47,409,719$32,449,863$136,535,560
86$181,610,632$49,678,710$33,482,848$149,620,821
87$200,079,127$52,057,177$34,548,734$164,008,101
88$220,429,651$54,550,433$35,648,570$179,828,877
89$242,854,117$57,164,044$36,783,438$197,227,978
90$267,564,007$59,903,854$37,954,454$216,364,948
91$294,792,378$62,775,984$39,162,770$237,415,543
92$324,796,054$65,786,860$40,409,576$260,573,381
93$357,858,052$68,943,217$41,696,097$286,051,763
94$394,290,257$72,252,118$43,023,600$314,085,674
95$434,436,363$75,720,973$44,393,391$344,933,998
96$478,675,120$79,357,548$45,806,818$378,881,946
97$527,423,907$83,169,993$47,265,271$416,243,740
98$581,142,674$87,166,851$48,770,186$457,365,570
99$640,338,284$91,357,083$50,323,044$502,628,851
100$705,569,295$95,750,088$51,925,373$552,453,810