Can I retire at age 61 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,195,437
2 years$621,387$609,814$598,598$587,724$577,176$560,449
3 years$410,143$398,520$387,333$376,560$366,184$349,882
4 years$304,542$292,955$281,879$271,291$261,166$245,414
5 years$241,198$229,680$218,750$208,377$198,534$183,378
6 years$198,982$187,551$176,782$166,641$157,093$142,552
7 years$168,840$157,505$146,907$137,005$127,759$113,837
8 years$146,243$135,011$124,589$114,930$105,988$92,684
9 years$128,678$117,551$107,308$97,895$89,257$76,565
10 years$114,633$103,616$93,554$84,386$76,052$63,961
11 years$103,150$92,243$82,363$73,441$65,407$53,907
12 years$93,587$82,792$73,095$64,418$56,680$45,758
13 years$85,502$74,820$65,306$56,871$49,426$39,067
14 years$78,578$68,009$58,678$50,484$43,327$33,514
15 years$72,583$62,128$52,978$45,023$38,148$28,866
16 years$67,342$57,001$48,032$40,313$33,716$24,946
17 years$62,722$52,496$43,707$36,221$29,895$21,619
18 years$58,621$48,509$39,899$32,642$26,581$18,782
19 years$54,955$44,957$36,526$29,495$23,692$16,350
20 years$51,660$41,776$33,522$26,714$21,162$14,259
21 years$48,683$38,913$30,833$24,244$18,938$12,454
22 years$45,980$36,324$28,418$22,044$16,975$10,892
23 years$43,515$33,973$26,239$20,076$15,238$9,536
24 years$41,260$31,831$24,266$18,310$13,696$8,358
25 years$39,188$29,871$22,476$16,722$12,324$7,332
26 years$37,279$28,074$20,845$15,290$11,101$6,436
27 years$35,514$26,421$19,356$13,995$10,009$5,654
28 years$33,877$24,897$17,994$12,822$9,031$4,969
29 years$32,357$23,487$16,745$11,758$8,155$4,370
30 years$30,941$22,181$15,598$10,791$7,368$3,845
31 years$29,618$20,968$14,541$9,911$6,662$3,384
32 years$28,381$19,840$13,567$9,108$6,026$2,979
33 years$27,221$18,789$12,668$8,376$5,454$2,624
34 years$26,132$17,808$11,836$7,707$4,938$2,311
35 years$25,107$16,890$11,066$7,094$4,472$2,036
36 years$24,141$16,032$10,352$6,534$4,052$1,795
37 years$23,230$15,226$9,689$6,020$3,672$1,582
38 years$22,368$14,470$9,073$5,549$3,329$1,395
39 years$21,553$13,760$8,501$5,116$3,019$1,230
40 years$20,781$13,091$7,968$4,719$2,739$1,084
41 years$20,048$12,462$7,471$4,354$2,485$956
42 years$19,352$11,868$7,008$4,018$2,254$843
43 years$18,690$11,308$6,576$3,709$2,046$744
44 years$18,060$10,779$6,173$3,425$1,857$656
45 years$17,459$10,279$5,796$3,163$1,686$579
46 years$16,887$9,805$5,444$2,922$1,531$511
47 years$16,340$9,357$5,115$2,699$1,390$451
48 years$15,818$8,933$4,806$2,494$1,262$398
49 years$15,318$8,530$4,518$2,305$1,147$351
50 years$14,841$8,149$4,247$2,131$1,041$310

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,200,000, adding $4,896 every year, while hoping to spend $35,349 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: 50/45/5 Blend
60$15,200,000$15,200,000$15,200,000$15,200,000
61$16,755,450$15,949,850$15,714,250$17,573,036
62$18,426,895$16,693,782$16,203,067$18,873,623
63$20,267,643$17,472,981$16,707,073$20,281,829
64$22,294,924$18,289,140$17,226,743$21,811,074
65$24,527,728$19,144,029$17,762,560$23,472,682
66$26,986,978$20,039,508$18,315,027$25,279,085
67$29,695,729$20,977,524$18,884,660$27,243,934
68$32,679,390$21,960,119$19,471,993$29,382,219
69$35,965,958$22,989,434$20,077,574$31,710,406
70$39,586,283$24,067,714$20,701,971$34,246,583
71$43,574,363$25,197,311$21,345,766$37,010,622
72$47,967,661$26,380,692$22,009,562$40,024,363
73$52,807,460$27,620,444$22,693,980$43,311,805
74$58,139,251$28,919,276$23,399,659$46,899,327
75$64,013,167$30,280,033$24,127,260$50,815,927
76$70,484,449$31,705,693$24,877,462$55,093,485
77$77,613,973$33,199,382$25,650,967$59,767,057
78$85,468,822$34,764,376$26,448,498$64,875,187
79$94,122,919$36,404,107$27,270,800$70,460,268
80$103,657,727$38,122,179$28,118,642$76,568,925
81$114,163,015$39,922,366$28,992,816$83,252,444
82$125,737,707$41,808,626$29,894,140$90,567,244
83$138,490,814$43,785,109$30,823,454$98,575,392
84$152,542,466$45,856,168$31,781,629$107,345,179
85$168,025,042$48,026,365$32,769,558$116,951,746
86$185,084,423$50,300,484$33,788,165$127,477,780
87$203,881,367$52,683,541$34,838,402$139,014,276
88$224,593,027$55,180,795$35,921,249$151,661,378
89$247,414,623$57,797,761$37,037,718$165,529,308
90$272,561,285$60,540,221$38,188,851$180,739,386
91$300,270,082$63,414,239$39,375,724$197,425,156
92$330,802,265$66,426,171$40,599,445$215,733,624
93$364,445,726$69,582,683$41,861,157$235,826,626
94$401,517,721$72,890,766$43,162,037$257,882,331
95$442,367,864$76,357,749$44,503,301$282,096,898
96$487,381,425$79,991,317$45,886,200$308,686,303
97$536,982,968$83,799,529$47,312,025$337,888,353
98$591,640,360$87,790,836$48,782,107$369,964,901
99$651,869,188$91,974,098$50,297,819$405,204,289
100$718,237,624$96,358,607$51,860,575$443,924,040