Can I retire at age 61 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,184,122
2 years$613,211$601,790$590,722$579,991$569,581$557,496
3 years$404,746$393,277$382,236$371,606$361,366$349,569
4 years$300,535$289,100$278,170$267,721$257,729$246,312
5 years$238,024$226,658$215,871$205,635$195,922$184,917
6 years$196,364$185,083$174,456$164,448$155,026$144,448
7 years$166,618$155,433$144,974$135,202$126,078$115,931
8 years$144,319$133,234$122,949$113,418$104,594$94,877
9 years$126,984$116,005$105,896$96,607$88,083$78,793
10 years$113,125$102,252$92,323$83,276$75,051$66,183
11 years$101,793$91,029$81,280$72,475$64,546$56,092
12 years$92,356$81,703$72,133$63,570$55,935$47,886
13 years$84,377$73,836$64,446$56,123$48,776$41,124
14 years$77,544$67,114$57,905$49,820$42,757$35,490
15 years$71,628$61,310$52,281$44,430$37,646$30,755
16 years$66,456$56,251$47,400$39,783$33,272$26,744
17 years$61,897$51,805$43,132$35,744$29,501$23,325
18 years$57,849$47,870$39,374$32,213$26,231$20,394
19 years$54,232$44,366$36,045$29,107$23,380$17,871
20 years$50,980$41,227$33,081$26,362$20,884$15,688
21 years$48,042$38,401$30,428$23,925$18,689$13,795
22 years$45,375$35,846$28,044$21,754$16,752$12,147
23 years$42,943$33,526$25,894$19,811$15,037$10,709
24 years$40,717$31,412$23,947$18,069$13,516$9,452
25 years$38,672$29,478$22,180$16,502$12,162$8,350
26 years$36,788$27,705$20,571$15,088$10,955$7,382
27 years$35,046$26,074$19,102$13,811$9,877$6,532
28 years$33,432$24,569$17,757$12,654$8,912$5,783
29 years$31,931$23,178$16,525$11,604$8,048$5,123
30 years$30,534$21,889$15,392$10,649$7,272$4,540
31 years$29,228$20,693$14,350$9,780$6,574$4,025
32 years$28,007$19,579$13,389$8,989$5,947$3,571
33 years$26,863$18,542$12,501$8,266$5,382$3,168
34 years$25,788$17,574$11,680$7,605$4,873$2,812
35 years$24,776$16,668$10,920$7,001$4,413$2,496
36 years$23,823$15,821$10,216$6,448$3,999$2,217
37 years$22,924$15,026$9,562$5,941$3,624$1,969
38 years$22,074$14,280$8,954$5,476$3,286$1,749
39 years$21,270$13,579$8,389$5,049$2,980$1,554
40 years$20,507$12,919$7,863$4,657$2,703$1,381
41 years$19,784$12,298$7,373$4,297$2,452$1,227
42 years$19,097$11,712$6,916$3,965$2,225$1,091
43 years$18,444$11,159$6,490$3,660$2,019$970
44 years$17,822$10,637$6,092$3,380$1,833$862
45 years$17,230$10,143$5,720$3,121$1,664$767
46 years$16,665$9,676$5,372$2,883$1,511$682
47 years$16,125$9,234$5,047$2,664$1,372$606
48 years$15,610$8,815$4,743$2,461$1,246$539
49 years$15,117$8,418$4,458$2,275$1,131$479
50 years$14,645$8,041$4,191$2,103$1,028$426

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,000,000, adding $6,830 every year, while hoping to spend $21,757 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: 69/9/22 Blend
60$15,000,000$15,000,000$15,000,000$15,000,000
61$16,537,045$15,742,045$15,509,545$17,586,471
62$18,200,674$16,490,256$16,005,966$19,037,452
63$20,033,265$17,274,400$16,518,287$20,621,495
64$22,052,027$18,096,215$17,047,019$22,354,388
65$24,275,927$18,957,523$17,592,688$24,250,846
66$26,725,865$19,860,235$18,155,836$26,327,064
67$29,424,871$20,806,354$18,737,024$28,600,869
68$32,398,324$21,797,982$19,336,830$31,091,891
69$35,674,191$22,837,320$19,955,852$33,821,738
70$39,283,290$23,926,681$20,594,705$36,814,202
71$43,259,583$25,068,486$21,254,025$40,095,479
72$47,640,494$26,265,275$21,934,468$43,694,417
73$52,467,263$27,519,712$22,636,711$47,642,778
74$57,785,337$28,834,591$23,361,454$51,975,542
75$63,644,797$30,212,841$24,109,418$56,731,230
76$70,100,830$31,657,534$24,881,348$61,952,265
77$77,214,253$33,171,892$25,678,011$67,685,370
78$85,052,084$34,759,292$26,500,202$73,982,003
79$93,688,176$36,423,276$27,348,738$80,898,841
80$103,203,913$38,167,561$28,224,464$88,498,311
81$113,688,982$39,996,041$29,128,254$96,849,174
82$125,242,213$41,912,802$30,061,005$106,027,169
83$137,972,518$43,922,128$31,023,648$116,115,726
84$151,999,916$46,028,513$32,017,141$127,206,748
85$167,456,665$48,236,668$33,042,473$139,401,471
86$184,488,514$50,551,535$34,100,665$152,811,419
87$203,256,078$52,978,295$35,192,772$167,559,447
88$223,936,349$55,522,382$36,319,881$183,780,900
89$246,724,375$58,189,497$37,483,116$201,624,880
90$271,835,094$60,985,616$38,683,633$221,255,651
91$299,505,369$63,917,007$39,922,631$242,854,181
92$329,996,220$66,990,243$41,201,342$266,619,847
93$363,595,289$70,212,220$42,521,041$292,772,305
94$400,619,556$73,590,165$43,883,043$321,553,564
95$441,418,330$77,131,663$45,288,705$353,230,256
96$486,376,550$80,844,665$46,739,427$388,096,149
97$535,918,416$84,737,511$48,236,655$426,474,913
98$590,511,392$88,818,948$49,781,882$468,723,165
99$650,670,626$93,098,147$51,376,646$515,233,826
100$716,963,803$97,584,730$53,022,538$566,439,826