Can I retire at age 61 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,220,072
2 years$645,915$633,886$622,227$610,924$599,959$560,180
3 years$426,333$414,251$402,622$391,425$380,639$342,171
4 years$316,563$304,519$293,006$281,999$271,475$234,612
5 years$250,719$238,746$227,385$216,603$206,371$171,213
6 years$206,836$194,954$183,761$173,219$163,294$129,871
7 years$175,504$163,722$152,706$142,413$132,802$101,111
8 years$152,016$140,340$129,507$119,467$110,172$80,191
9 years$133,757$122,191$111,544$101,759$92,781$64,476
10 years$119,158$107,706$97,247$87,717$79,054$52,384
11 years$107,222$95,884$85,614$76,340$67,989$42,905
12 years$97,282$86,060$75,981$66,961$58,918$35,366
13 years$88,877$77,773$67,884$59,116$51,377$29,301
14 years$81,680$70,694$60,994$52,477$45,037$24,377
15 years$75,448$64,580$55,069$46,800$39,654$20,348
16 years$70,000$59,251$49,928$41,904$35,047$17,032
17 years$65,198$54,568$45,433$37,651$31,075$14,289
18 years$60,935$50,423$41,474$33,931$27,630$12,011
19 years$57,124$46,732$37,968$30,659$24,627$10,111
20 years$53,699$43,425$34,845$27,768$21,998$8,524
21 years$50,604$40,449$32,051$25,201$19,685$7,193
22 years$47,795$37,758$29,540$22,914$17,645$6,076
23 years$45,233$35,314$27,275$20,868$15,839$5,136
24 years$42,889$33,087$25,224$19,033$14,237$4,344
25 years$40,735$31,051$23,363$17,382$12,811$3,677
26 years$38,750$29,182$21,668$15,893$11,540$3,113
27 years$36,915$27,464$20,120$14,547$10,404$2,637
28 years$35,215$25,879$18,705$13,328$9,388$2,235
29 years$33,634$24,414$17,406$12,222$8,477$1,894
30 years$32,162$23,057$16,213$11,217$7,659$1,606
31 years$30,787$21,796$15,115$10,302$6,925$1,361
32 years$29,501$20,624$14,103$9,468$6,264$1,155
33 years$28,295$19,531$13,168$8,707$5,669$979
34 years$27,163$18,511$12,303$8,011$5,133$831
35 years$26,098$17,557$11,503$7,374$4,649$705
36 years$25,094$16,664$10,760$6,792$4,212$598
37 years$24,147$15,827$10,072$6,258$3,817$508
38 years$23,251$15,042$9,432$5,768$3,461$431
39 years$22,404$14,303$8,836$5,318$3,138$365
40 years$21,601$13,608$8,282$4,905$2,847$310
41 years$20,839$12,954$7,766$4,526$2,583$263
42 years$20,116$12,337$7,285$4,177$2,343$223
43 years$19,428$11,754$6,836$3,856$2,127$190
44 years$18,773$11,204$6,417$3,560$1,930$161
45 years$18,149$10,684$6,025$3,288$1,753$137
46 years$17,553$10,192$5,659$3,037$1,591$116
47 years$16,985$9,727$5,316$2,806$1,445$98
48 years$16,442$9,285$4,996$2,593$1,312$84
49 years$15,923$8,867$4,696$2,396$1,192$71
50 years$15,426$8,470$4,415$2,215$1,082$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $15,800,000, adding $4,110 every year, while hoping to spend $44,075 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: 51/21/28 Blend
60$15,800,000$15,800,000$15,800,000$15,800,000
61$17,415,839$16,578,439$16,333,539$18,166,410
62$19,145,360$17,343,888$16,833,818$19,455,492
63$21,049,814$18,145,365$17,349,378$20,851,690
64$23,146,998$18,984,592$17,880,686$22,369,082
65$25,456,524$19,863,369$18,428,220$24,019,225
66$28,000,000$20,783,584$18,992,476$25,814,825
67$30,801,238$21,747,218$19,573,963$27,769,846
68$33,886,478$22,756,345$20,173,204$29,899,645
69$37,284,633$23,813,140$20,790,740$32,221,107
70$41,027,564$24,919,883$21,427,128$34,752,803
71$45,150,381$26,078,962$22,082,943$37,515,158
72$49,691,772$27,292,884$22,758,774$40,530,637
73$54,694,371$28,564,274$23,455,231$43,823,958
74$60,205,157$29,895,883$24,172,942$47,422,310
75$66,275,900$31,290,599$24,912,552$51,355,613
76$72,963,649$32,751,445$25,674,729$55,656,789
77$80,331,267$34,281,592$26,460,159$60,362,064
78$88,448,030$35,884,363$27,269,548$65,511,312
79$97,390,276$37,563,245$28,103,625$71,148,413
80$107,242,129$39,321,888$28,963,141$77,321,669
81$118,096,290$41,164,124$29,848,870$84,084,248
82$130,054,911$43,093,966$30,761,607$91,494,676
83$143,230,566$45,115,624$31,702,174$99,617,387
84$157,747,304$47,233,510$32,671,417$108,523,315
85$173,741,826$49,452,249$33,670,207$118,290,562
86$191,364,775$51,776,692$34,699,442$129,005,120
87$210,782,156$54,211,923$35,760,047$140,761,674
88$232,176,901$56,763,273$36,852,974$153,664,487
89$255,750,602$59,436,331$37,979,206$167,828,373
90$281,725,408$62,236,956$39,139,753$183,379,767
91$310,346,124$65,171,291$40,335,659$200,457,909
92$341,882,522$68,245,777$41,567,997$219,216,148
93$376,631,886$71,467,167$42,837,872$239,823,371
94$414,921,822$74,842,542$44,146,425$262,465,588
95$457,113,347$78,379,325$45,494,828$287,347,674
96$503,604,296$82,085,300$46,884,293$314,695,284
97$554,833,081$85,968,627$48,316,064$344,756,974
98$611,282,829$90,037,863$49,791,426$377,806,527
99$673,485,940$94,301,981$51,311,700$414,145,522
100$742,029,114$98,770,386$52,878,251$454,106,164