Can I retire at age 61 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,212,836
2 years$641,827$629,874$618,289$607,057$596,162$557,113
3 years$423,635$411,630$400,074$388,947$378,230$340,462
4 years$314,560$302,591$291,151$280,215$269,757$233,558
5 years$249,132$237,235$225,945$215,232$205,065$170,534
6 years$205,527$193,720$182,598$172,122$162,261$129,427
7 years$174,394$162,686$151,739$141,511$131,961$100,822
8 years$151,054$139,452$128,687$118,710$109,475$80,009
9 years$132,910$121,418$110,838$101,115$92,194$64,370
10 years$118,404$107,024$96,631$87,162$78,553$52,330
11 years$106,543$95,277$85,073$75,857$67,559$42,888
12 years$96,666$85,516$75,500$66,537$58,545$35,376
13 years$88,315$77,281$67,454$58,742$51,052$29,329
14 years$81,163$70,247$60,608$52,145$44,752$24,417
15 years$74,970$64,171$54,721$46,504$39,403$20,396
16 years$69,557$58,876$49,612$41,639$34,825$17,085
17 years$64,785$54,223$45,145$37,412$30,878$14,344
18 years$60,549$50,104$41,212$33,716$27,455$12,066
19 years$56,763$46,436$37,727$30,465$24,472$10,165
20 years$53,359$43,151$34,624$27,592$21,858$8,575
21 years$50,284$40,193$31,848$25,042$19,561$7,242
22 years$47,492$37,519$29,353$22,769$17,533$6,122
23 years$44,947$35,091$27,102$20,736$15,739$5,179
24 years$42,617$32,878$25,065$18,912$14,147$4,385
25 years$40,477$30,854$23,215$17,272$12,730$3,714
26 years$38,505$28,998$21,531$15,792$11,467$3,147
27 years$36,682$27,290$19,993$14,455$10,338$2,668
28 years$34,992$25,716$18,586$13,244$9,328$2,262
29 years$33,421$24,260$17,296$12,145$8,423$1,919
30 years$31,958$22,911$16,111$11,146$7,611$1,628
31 years$30,592$21,658$15,019$10,237$6,881$1,382
32 years$29,314$20,493$14,013$9,408$6,224$1,173
33 years$28,116$19,407$13,084$8,651$5,633$996
34 years$26,991$18,394$12,225$7,960$5,100$845
35 years$25,933$17,446$11,430$7,328$4,619$718
36 years$24,935$16,559$10,692$6,749$4,185$610
37 years$23,994$15,727$10,008$6,218$3,793$518
38 years$23,104$14,946$9,372$5,731$3,439$440
39 years$22,262$14,213$8,780$5,284$3,119$373
40 years$21,464$13,522$8,230$4,874$2,829$317
41 years$20,707$12,872$7,717$4,497$2,566$269
42 years$19,988$12,259$7,239$4,150$2,329$229
43 years$19,305$11,680$6,793$3,831$2,113$194
44 years$18,654$11,133$6,376$3,537$1,918$165
45 years$18,034$10,617$5,987$3,267$1,741$140
46 years$17,442$10,128$5,623$3,018$1,581$119
47 years$16,878$9,665$5,283$2,788$1,436$101
48 years$16,338$9,227$4,964$2,576$1,304$86
49 years$15,822$8,811$4,666$2,381$1,184$73
50 years$15,329$8,417$4,387$2,201$1,076$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,700,000, adding $6,523 every year, while hoping to spend $53,558 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: 38/36/26 Blend
60$15,700,000$15,700,000$15,700,000$15,700,000
61$17,308,128$16,476,028$16,232,678$17,831,404
62$19,016,572$17,226,369$16,719,488$18,965,150
63$20,897,482$18,011,680$17,220,810$20,184,192
64$22,968,394$18,833,621$17,737,076$21,500,650
65$25,248,628$19,693,926$18,268,726$22,923,391
66$27,759,476$20,594,417$18,816,216$24,462,140
67$30,524,399$21,536,999$19,380,016$26,127,566
68$33,569,247$22,523,672$19,960,606$27,931,381
69$36,922,508$23,556,530$20,558,484$29,886,437
70$40,615,571$24,637,767$21,174,161$32,006,847
71$44,683,026$25,769,685$21,808,162$34,308,104
72$49,162,989$26,954,693$22,461,029$36,807,226
73$54,097,460$28,195,319$23,133,320$39,522,906
74$59,532,722$29,494,211$23,825,607$42,475,679
75$65,519,777$30,854,144$24,538,482$45,688,109
76$72,114,825$32,278,028$25,272,552$49,184,993
77$79,379,796$33,768,911$26,028,442$52,993,586
78$87,382,937$35,329,988$26,806,796$57,143,844
79$96,199,449$36,964,611$27,608,276$61,668,703
80$105,912,204$38,676,288$28,433,565$66,604,376
81$116,612,524$40,468,701$29,283,364$71,990,682
82$128,401,040$42,345,706$30,158,395$77,871,413
83$141,388,647$44,311,346$31,059,402$84,294,735
84$155,697,547$46,369,860$31,987,150$91,313,626
85$171,462,403$48,525,690$32,942,426$98,986,369
86$188,831,611$50,783,492$33,926,041$107,377,080
87$207,968,700$53,148,148$34,938,828$116,556,308
88$229,053,875$55,624,774$35,981,646$126,601,678
89$252,285,717$58,218,735$37,055,377$137,598,612
90$277,883,059$60,935,652$38,160,932$149,641,116
91$306,087,053$63,781,421$39,299,245$162,832,651
92$337,163,442$66,762,220$40,471,279$177,287,093
93$371,405,071$69,884,526$41,678,025$193,129,786
94$409,134,651$73,155,131$42,920,502$210,498,708
95$450,707,806$76,581,153$44,199,759$229,545,750
96$496,516,427$80,170,055$45,516,876$250,438,128
97$546,992,375$83,929,660$46,872,964$273,359,944
98$602,611,555$87,868,171$48,269,165$298,513,890
99$663,898,409$91,994,186$49,706,658$326,123,147
100$731,430,867$96,316,722$51,186,651$356,433,458