Can I retire at age 61 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,197,511
2 years$617,299$605,802$594,660$583,857$573,379$566,735
3 years$407,445$395,899$384,785$374,083$363,775$357,277
4 years$302,538$291,027$280,025$269,506$259,447$253,146
5 years$239,611$228,169$217,311$207,006$197,228$191,141
6 years$197,673$186,317$175,619$165,545$156,060$150,195
7 years$167,729$156,469$145,940$136,103$126,918$121,280
8 years$145,281$134,123$123,769$114,174$105,291$99,878
9 years$127,831$116,778$106,602$97,251$88,670$83,482
10 years$113,879$102,934$92,938$83,831$75,551$70,585
11 years$102,471$91,636$81,821$72,958$64,977$60,229
12 years$92,972$82,248$72,614$63,994$56,307$51,775
13 years$84,940$74,328$64,876$56,497$49,101$44,779
14 years$78,061$67,562$58,292$50,152$43,042$38,925
15 years$72,105$61,719$52,629$44,727$37,897$33,980
16 years$66,899$56,626$47,716$40,048$33,494$29,771
17 years$62,310$52,150$43,420$35,983$29,698$26,164
18 years$58,235$48,189$39,637$32,428$26,406$23,055
19 years$54,593$44,661$36,286$29,301$23,536$20,362
20 years$51,320$41,502$33,301$26,538$21,023$18,020
21 years$48,362$38,657$30,631$24,085$18,813$15,974
22 years$45,677$36,085$28,231$21,899$16,863$14,182
23 years$43,229$33,750$26,066$19,943$15,138$12,608
24 years$40,988$31,621$24,107$18,190$13,606$11,222
25 years$38,930$29,675$22,328$16,612$12,243$9,999
26 years$37,033$27,890$20,708$15,189$11,028$8,917
27 years$35,280$26,247$19,229$13,903$9,943$7,958
28 years$33,655$24,733$17,876$12,738$8,972$7,108
29 years$32,144$23,333$16,635$11,681$8,101$6,352
30 years$30,737$22,035$15,495$10,720$7,320$5,680
31 years$29,423$20,830$14,445$9,846$6,618$5,082
32 years$28,194$19,710$13,478$9,048$5,986$4,549
33 years$27,042$18,666$12,584$8,321$5,418$4,073
34 years$25,960$17,691$11,758$7,656$4,905$3,648
35 years$24,942$16,779$10,993$7,048$4,443$3,269
36 years$23,982$15,926$10,284$6,491$4,025$2,930
37 years$23,077$15,126$9,625$5,980$3,648$2,627
38 years$22,221$14,375$9,014$5,512$3,308$2,355
39 years$21,411$13,669$8,445$5,083$2,999$2,112
40 years$20,644$13,005$7,915$4,688$2,721$1,895
41 years$19,916$12,380$7,422$4,325$2,468$1,700
42 years$19,225$11,790$6,962$3,992$2,240$1,526
43 years$18,567$11,234$6,533$3,685$2,033$1,369
44 years$17,941$10,708$6,132$3,402$1,845$1,229
45 years$17,345$10,211$5,758$3,142$1,675$1,103
46 years$16,776$9,741$5,408$2,902$1,521$990
47 years$16,233$9,296$5,081$2,681$1,381$889
48 years$15,714$8,874$4,775$2,478$1,254$798
49 years$15,218$8,474$4,488$2,290$1,139$717
50 years$14,743$8,095$4,219$2,117$1,035$644

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,100,000, adding $6,173 every year, while hoping to spend $27,500 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: 62/24/14 Blend
60$15,100,000$15,100,000$15,100,000$15,100,000
61$16,646,567$15,846,267$15,612,217$17,621,481
62$18,315,258$16,593,475$16,105,967$19,023,994
63$20,153,232$17,376,374$16,615,335$20,550,648
64$22,177,730$18,196,684$17,140,817$22,216,495
65$24,407,745$19,056,208$17,682,921$24,035,040
66$26,864,211$19,956,838$18,242,175$26,021,137
67$29,570,193$20,900,555$18,819,120$28,191,124
68$32,551,108$21,889,438$19,414,316$30,562,970
69$35,834,967$22,925,667$20,028,342$33,156,447
70$39,452,634$24,011,525$20,661,792$35,993,302
71$43,438,122$25,149,409$21,315,281$39,097,468
72$47,828,912$26,341,831$21,989,444$42,495,277
73$52,666,305$27,591,425$22,684,934$46,215,706
74$57,995,815$28,900,952$23,402,427$50,290,645
75$63,867,599$30,273,309$24,142,619$54,755,192
76$70,336,925$31,711,532$24,906,227$59,647,978
77$77,464,700$33,218,805$25,693,994$65,011,525
78$85,318,039$34,798,467$26,506,684$70,892,641
79$93,970,906$36,454,019$27,345,084$77,342,856
80$103,504,804$38,189,131$28,210,010$84,418,899
81$114,009,548$40,007,653$29,102,299$92,183,225
82$125,584,115$41,913,621$30,022,819$100,704,601
83$138,337,573$43,911,267$30,972,463$110,058,742
84$152,390,117$46,005,030$31,952,151$120,329,020
85$167,874,197$48,199,565$32,962,836$131,607,240
86$184,935,772$50,499,750$34,005,498$143,994,498
87$203,735,687$52,910,705$35,081,149$157,602,124
88$224,451,193$55,437,794$36,190,833$172,552,726
89$247,277,615$58,086,647$37,335,627$188,981,331
90$272,430,203$60,863,165$38,516,642$207,036,652
91$300,146,159$63,773,535$39,735,024$226,882,479
92$330,686,877$66,824,248$40,991,957$248,699,213
93$364,340,411$70,022,108$42,288,660$272,685,553
94$401,424,195$73,374,253$43,626,392$299,060,362
95$442,288,038$76,888,167$45,006,452$328,064,716
96$487,317,429$80,571,698$46,430,178$359,964,166
97$536,937,171$84,433,076$47,898,954$395,051,228
98$591,615,398$88,480,932$49,414,205$433,648,127
99$651,867,990$92,724,319$50,977,402$476,109,826
100$718,263,442$97,172,728$52,590,062$522,827,353