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

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 $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%16.9%
1 years$834,049$826,619$819,371$812,296$805,388$782,745
2 years$412,895$405,206$397,753$390,527$383,518$360,878
3 years$272,529$264,806$257,372$250,214$243,320$221,392
4 years$202,360$194,661$187,301$180,265$173,538$152,491
5 years$160,269$152,616$145,353$138,461$131,921$111,812
6 years$132,218$124,623$117,467$110,728$104,384$85,232
7 years$112,190$104,658$97,616$91,036$84,892$66,698
8 years$97,175$89,711$82,786$76,368$70,426$53,179
9 years$85,503$78,110$71,303$65,048$59,309$42,993
10 years$76,171$68,850$62,164$56,072$50,534$35,127
11 years$68,540$61,293$54,728$48,800$43,461$28,938
12 years$62,186$55,013$48,570$42,804$37,663$23,995
13 years$56,814$49,716$43,394$37,789$32,843$20,002
14 years$52,213$45,190$38,990$33,545$28,790$16,744
15 years$48,229$41,282$35,202$29,917$25,349$14,066
16 years$44,747$37,876$31,916$26,787$22,403$11,850
17 years$41,677$34,882$29,042$24,068$19,864$10,008
18 years$38,952$32,233$26,512$21,690$17,662$8,468
19 years$36,516$29,873$24,270$19,599$15,743$7,178
20 years$34,327$27,759$22,274$17,750$14,062$6,092
21 years$32,348$25,857$20,488$16,110$12,584$5,177
22 years$30,552$24,136$18,883$14,647$11,280$4,404
23 years$28,915$22,574$17,435$13,340$10,125$3,749
24 years$27,416$21,151$16,124$12,167$9,101$3,194
25 years$26,039$19,849$14,934$11,111$8,189$2,723
26 years$24,771$18,655$13,851$10,159$7,377$2,322
27 years$23,598$17,556$12,862$9,299$6,651$1,981
28 years$22,511$16,543$11,957$8,520$6,001$1,691
29 years$21,500$15,607$11,127$7,813$5,419$1,444
30 years$20,559$14,739$10,364$7,170$4,896$1,233
31 years$19,680$13,933$9,662$6,586$4,427$1,054
32 years$18,858$13,183$9,015$6,052$4,004$900
33 years$18,088$12,485$8,417$5,566$3,624$769
34 years$17,364$11,833$7,865$5,121$3,281$658
35 years$16,683$11,223$7,353$4,714$2,972$562
36 years$16,041$10,653$6,878$4,341$2,692$481
37 years$15,436$10,117$6,438$4,000$2,440$411
38 years$14,863$9,615$6,029$3,687$2,212$351
39 years$14,322$9,143$5,649$3,400$2,006$300
40 years$13,808$8,699$5,294$3,136$1,820$257
41 years$13,321$8,281$4,964$2,893$1,651$220
42 years$12,859$7,886$4,657$2,670$1,498$188
43 years$12,419$7,514$4,370$2,465$1,360$161
44 years$12,000$7,162$4,102$2,276$1,234$137
45 years$11,601$6,830$3,851$2,102$1,120$118
46 years$11,221$6,515$3,617$1,941$1,017$101
47 years$10,858$6,218$3,398$1,794$924$86
48 years$10,511$5,936$3,194$1,657$839$74
49 years$10,179$5,668$3,002$1,532$762$63
50 years$9,861$5,415$2,822$1,416$692$54

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 $2,808 every year, while hoping to spend $35,355 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: 66/5/29 Blend
60$10,100,000$10,100,000$10,100,000$10,100,000
61$11,133,096$10,597,796$10,441,246$11,782,346
62$12,231,055$11,079,471$10,753,411$12,702,958
63$13,439,820$11,583,563$11,074,848$13,704,990
64$14,770,657$12,111,133$11,405,830$14,799,903
65$16,235,979$12,663,293$11,746,640$15,996,867
66$17,849,462$13,241,208$12,097,567$17,305,980
67$19,626,180$13,846,100$12,458,908$18,738,354
68$21,582,740$14,479,248$12,830,970$20,306,230
69$23,737,441$15,141,992$13,214,069$22,023,082
70$26,110,449$15,835,739$13,608,530$23,903,749
71$28,723,985$16,561,961$14,014,686$25,964,568
72$31,602,536$17,322,202$14,432,883$28,223,535
73$34,773,083$18,118,078$14,863,472$30,700,463
74$38,265,359$18,951,285$15,306,820$33,417,178
75$42,112,128$19,823,601$15,763,301$36,397,714
76$46,349,495$20,736,886$16,233,301$39,668,544
77$51,017,243$21,693,094$16,717,217$43,258,826
78$56,159,215$22,694,268$17,215,456$47,200,676
79$61,823,721$23,742,554$17,728,441$51,529,471
80$68,064,000$24,840,198$18,256,603$56,284,180
81$74,938,716$25,989,556$18,800,387$61,507,727
82$82,512,517$27,193,097$19,360,252$67,247,400
83$90,856,643$28,453,408$19,936,670$73,555,289
84$100,049,597$29,773,201$20,530,124$80,488,779
85$110,177,887$31,155,319$21,141,115$88,111,089
86$121,336,845$32,602,743$21,770,156$96,491,865
87$133,631,523$34,118,597$22,417,776$105,707,836
88$147,177,684$35,706,154$23,084,517$115,843,534
89$162,102,900$37,368,848$23,770,941$126,992,093
90$178,547,751$39,110,276$24,477,622$139,256,120
91$196,667,152$40,934,211$25,205,153$152,748,665
92$216,631,820$42,844,605$25,954,144$167,594,282
93$238,629,879$44,845,604$26,725,221$183,930,206
94$262,868,641$46,941,553$27,519,030$201,907,637
95$289,576,560$49,137,007$28,336,235$221,693,175
96$319,005,389$51,436,740$29,177,519$243,470,380
97$351,432,558$53,845,759$30,043,585$267,441,504
98$387,163,789$56,369,311$30,935,155$293,829,399
99$426,535,986$59,012,899$31,852,974$322,879,614
100$469,920,415$61,782,289$32,797,807$354,862,708