Can I retire at age 61 with 10,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$834,049$826,619$819,371$812,296$805,388$799,308
2 years$412,895$405,206$397,753$390,527$383,518$377,388
3 years$272,529$264,806$257,372$250,214$243,320$237,330
4 years$202,360$194,661$187,301$180,265$173,538$167,734
5 years$160,269$152,616$145,353$138,461$131,921$126,320
6 years$132,218$124,623$117,467$110,728$104,384$98,994
7 years$112,190$104,658$97,616$91,036$84,892$79,715
8 years$97,175$89,711$82,786$76,368$70,426$65,462
9 years$85,503$78,110$71,303$65,048$59,309$54,556
10 years$76,171$68,850$62,164$56,072$50,534$45,990
11 years$68,540$61,293$54,728$48,800$43,461$39,123
12 years$62,186$55,013$48,570$42,804$37,663$33,526
13 years$56,814$49,716$43,394$37,789$32,843$28,903
14 years$52,213$45,190$38,990$33,545$28,790$25,042
15 years$48,229$41,282$35,202$29,917$25,349$21,789
16 years$44,747$37,876$31,916$26,787$22,403$19,025
17 years$41,677$34,882$29,042$24,068$19,864$16,662
18 years$38,952$32,233$26,512$21,690$17,662$14,631
19 years$36,516$29,873$24,270$19,599$15,743$12,876
20 years$34,327$27,759$22,274$17,750$14,062$11,353
21 years$32,348$25,857$20,488$16,110$12,584$10,028
22 years$30,552$24,136$18,883$14,647$11,280$8,870
23 years$28,915$22,574$17,435$13,340$10,125$7,856
24 years$27,416$21,151$16,124$12,167$9,101$6,965
25 years$26,039$19,849$14,934$11,111$8,189$6,182
26 years$24,771$18,655$13,851$10,159$7,377$5,491
27 years$23,598$17,556$12,862$9,299$6,651$4,882
28 years$22,511$16,543$11,957$8,520$6,001$4,343
29 years$21,500$15,607$11,127$7,813$5,419$3,866
30 years$20,559$14,739$10,364$7,170$4,896$3,443
31 years$19,680$13,933$9,662$6,586$4,427$3,068
32 years$18,858$13,183$9,015$6,052$4,004$2,734
33 years$18,088$12,485$8,417$5,566$3,624$2,438
34 years$17,364$11,833$7,865$5,121$3,281$2,175
35 years$16,683$11,223$7,353$4,714$2,972$1,941
36 years$16,041$10,653$6,878$4,341$2,692$1,732
37 years$15,436$10,117$6,438$4,000$2,440$1,546
38 years$14,863$9,615$6,029$3,687$2,212$1,381
39 years$14,322$9,143$5,649$3,400$2,006$1,233
40 years$13,808$8,699$5,294$3,136$1,820$1,101
41 years$13,321$8,281$4,964$2,893$1,651$984
42 years$12,859$7,886$4,657$2,670$1,498$879
43 years$12,419$7,514$4,370$2,465$1,360$786
44 years$12,000$7,162$4,102$2,276$1,234$702
45 years$11,601$6,830$3,851$2,102$1,120$627
46 years$11,221$6,515$3,617$1,941$1,017$561
47 years$10,858$6,218$3,398$1,794$924$501
48 years$10,511$5,936$3,194$1,657$839$448
49 years$10,179$5,668$3,002$1,532$762$401
50 years$9,861$5,415$2,822$1,416$692$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,100,000, adding $4,103 every year, while hoping to spend $48,069 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: 83/8/9 Blend
60$10,100,000$10,100,000$10,100,000$10,100,000
61$11,134,432$10,599,132$10,442,582$12,044,628
62$12,218,999$11,067,345$10,741,264$13,108,785
63$13,412,581$11,556,888$11,048,340$14,270,299
64$14,726,246$12,068,758$11,364,041$15,544,329
65$16,172,191$12,603,995$11,688,605$16,942,141
66$17,763,855$13,163,691$12,022,273$18,476,139
67$19,516,044$13,748,987$12,365,295$20,159,988
68$21,445,075$14,361,082$12,717,927$22,008,735
69$23,568,927$15,001,229$13,080,431$24,038,954
70$25,907,409$15,670,742$13,453,078$26,268,902
71$28,482,353$16,370,996$13,836,144$28,718,685
72$31,317,810$17,103,432$14,229,912$31,410,452
73$34,440,288$17,869,561$14,634,675$34,368,601
74$37,878,992$18,670,965$15,050,732$37,620,007
75$41,666,107$19,509,299$15,478,388$41,194,275
76$45,837,096$20,386,301$15,917,961$45,124,017
77$50,431,039$21,303,789$16,369,772$49,445,162
78$55,490,998$22,263,669$16,834,153$54,197,287
79$61,064,428$23,267,936$17,311,444$59,423,996
80$67,203,618$24,318,683$17,801,996$65,173,324
81$73,966,189$25,418,101$18,306,165$71,498,194
82$81,415,639$26,568,486$18,824,320$78,456,911
83$89,621,937$27,772,245$19,356,837$86,113,709
84$98,662,187$29,031,897$19,904,104$94,539,361
85$108,621,355$30,350,085$20,466,517$103,811,841
86$119,593,070$31,729,577$21,044,482$114,017,058
87$131,680,510$33,173,272$21,638,418$125,249,665
88$144,997,369$34,684,210$22,248,753$137,613,953
89$159,668,940$36,265,576$22,875,926$151,224,827
90$175,833,289$37,920,706$23,520,387$166,208,895
91$193,642,563$39,653,099$24,182,598$182,705,655
92$213,264,422$41,466,419$24,863,032$200,868,811
93$234,883,626$43,364,506$25,562,177$220,867,725
94$258,703,775$45,351,386$26,280,529$242,889,005
95$284,949,233$47,431,276$27,018,599$267,138,269
96$313,867,244$49,608,598$27,776,912$293,842,083
97$345,730,268$51,887,984$28,556,003$323,250,094
98$380,838,549$54,274,290$29,356,424$355,637,382
99$419,522,956$56,772,605$30,178,738$391,307,057
100$462,148,096$59,388,261$31,023,525$430,593,117