Can I retire at age 61 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,216,016
2 years$633,651$621,850$610,413$599,324$588,568$568,498
3 years$418,238$406,386$394,978$383,993$373,411$353,872
4 years$310,552$298,737$287,443$276,645$266,320$247,461
5 years$245,958$234,213$223,067$212,490$202,452$184,328
6 years$202,909$191,253$180,271$169,930$160,194$142,826
7 years$172,172$160,614$149,806$139,709$130,280$113,674
8 years$149,130$137,676$127,048$117,198$108,080$92,232
9 years$131,217$119,871$109,426$99,827$91,019$75,920
10 years$116,896$105,661$95,400$86,052$77,553$63,191
11 years$105,186$94,064$83,989$74,891$66,698$53,059
12 years$95,434$84,426$74,538$65,689$57,799$44,865
13 years$87,190$76,297$66,595$57,994$50,402$38,154
14 years$80,129$69,352$59,836$51,480$44,182$32,600
15 years$74,015$63,354$54,024$45,911$38,901$27,963
16 years$68,671$58,126$48,980$41,109$34,381$24,065
17 years$63,960$53,532$44,570$36,936$30,485$20,767
18 years$59,778$49,466$40,687$33,287$27,106$17,963
19 years$56,040$45,845$37,247$30,077$24,160$15,569
20 years$52,680$42,601$34,183$27,241$21,580$13,517
21 years$49,644$39,681$31,442$24,723$19,312$11,753
22 years$46,887$37,041$28,979$22,479$17,310$10,232
23 years$44,374$34,644$26,757$20,472$15,539$8,917
24 years$42,074$32,459$24,745$18,671$13,966$7,779
25 years$39,961$30,461$22,919$17,052$12,568$6,792
26 years$38,014$28,628$21,256$15,591$11,320$5,934
27 years$36,214$26,943$19,738$14,271$10,206$5,187
28 years$34,546$25,388$18,349$13,075$9,209$4,537
29 years$32,996$23,951$17,076$11,990$8,316$3,971
30 years$31,551$22,619$15,905$11,004$7,514$3,476
31 years$30,203$21,382$14,828$10,106$6,793$3,044
32 years$28,941$20,232$13,835$9,288$6,145$2,667
33 years$27,758$19,160$12,918$8,541$5,561$2,337
34 years$26,647$18,159$12,070$7,859$5,035$2,048
35 years$25,602$17,224$11,284$7,234$4,560$1,796
36 years$24,618$16,348$10,556$6,663$4,132$1,574
37 years$23,688$15,527$9,880$6,139$3,745$1,381
38 years$22,810$14,756$9,252$5,658$3,395$1,211
39 years$21,979$14,031$8,669$5,217$3,079$1,062
40 years$21,191$13,350$8,125$4,812$2,793$932
41 years$20,444$12,708$7,619$4,440$2,534$818
42 years$19,734$12,102$7,147$4,097$2,299$717
43 years$19,059$11,531$6,706$3,782$2,086$630
44 years$18,416$10,992$6,295$3,492$1,894$552
45 years$17,804$10,482$5,911$3,225$1,719$485
46 years$17,220$9,999$5,551$2,979$1,561$426
47 years$16,663$9,542$5,216$2,752$1,417$374
48 years$16,130$9,109$4,901$2,543$1,287$328
49 years$15,621$8,699$4,607$2,351$1,169$288
50 years$15,133$8,309$4,331$2,173$1,062$253

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,500,000, adding $4,545 every year, while hoping to spend $21,923 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: 74/12/14 Blend
60$15,500,000$15,500,000$15,500,000$15,500,000
61$17,085,688$16,264,188$16,023,938$18,298,473
62$18,805,102$17,037,807$16,537,414$19,874,710
63$20,699,162$17,848,599$17,067,357$21,598,081
64$22,785,658$18,698,362$17,614,295$23,485,746
65$25,084,195$19,588,982$18,178,773$25,554,010
66$27,616,376$20,522,435$18,761,355$27,820,819
67$30,406,008$21,500,796$19,362,622$30,305,933
68$33,479,324$22,526,238$19,983,173$33,031,105
69$36,865,233$23,601,042$20,623,628$36,020,286
70$40,595,593$24,727,598$21,284,625$39,299,849
71$44,705,507$25,908,415$21,966,824$42,898,831
72$49,233,661$27,146,119$22,670,905$46,849,210
73$54,222,685$28,443,470$23,397,571$51,186,197
74$59,719,556$29,803,357$24,147,546$55,948,571
75$65,776,041$31,228,812$24,921,580$61,179,036
76$72,449,189$32,723,015$25,720,444$66,924,627
77$79,801,863$34,289,300$26,544,936$73,237,143
78$87,903,340$35,931,162$27,395,878$80,173,637
79$96,829,961$37,652,270$28,274,120$87,796,947
80$106,665,852$39,456,466$29,180,539$96,176,289
81$117,503,720$41,347,784$30,116,038$105,387,901
82$129,445,727$43,330,452$31,081,552$115,515,760
83$142,604,451$45,408,905$32,078,044$126,652,373
84$157,103,956$47,587,792$33,106,510$138,899,637
85$173,080,957$49,871,991$34,167,975$152,369,806
86$190,686,113$52,266,617$35,263,500$167,186,534
87$210,085,447$54,777,032$36,394,179$183,486,045
88$231,461,919$57,408,862$37,561,139$201,418,410
89$255,017,144$60,168,007$38,765,548$221,148,954
90$280,973,306$63,060,652$40,008,606$242,859,815
91$309,575,244$66,093,285$41,291,556$266,751,652
92$341,092,775$69,272,711$42,615,678$293,045,537
93$375,823,230$72,606,067$43,982,296$321,985,027
94$414,094,270$76,100,834$45,392,773$353,838,464
95$456,266,974$79,764,864$46,848,520$388,901,491
96$502,739,249$83,606,385$48,350,989$427,499,840
97$553,949,586$87,634,033$49,901,681$469,992,398
98$610,381,203$91,856,859$51,502,146$516,774,581
99$672,566,600$96,284,360$53,153,983$568,282,060
100$741,092,594$100,926,494$54,858,841$624,994,864