Can I retire at age 61 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$842,306$834,804$827,484$820,339$813,362$790,814
2 years$416,983$409,217$401,691$394,394$387,315$364,767
3 years$275,228$267,428$259,921$252,692$245,729$223,886
4 years$204,364$196,588$189,156$182,050$175,256$154,286
5 years$161,856$154,127$146,793$139,832$133,227$113,188
6 years$133,527$125,857$118,630$111,825$105,418$86,329
7 years$113,300$105,694$98,582$91,937$85,733$67,594
8 years$98,137$90,599$83,606$77,124$71,124$53,925
9 years$86,349$78,883$72,009$65,692$59,896$43,622
10 years$76,925$69,532$62,779$56,628$51,035$35,663
11 years$69,219$61,900$55,270$49,283$43,892$29,399
12 years$62,802$55,558$49,051$43,228$38,036$24,394
13 years$57,377$50,208$43,824$38,164$33,168$20,348
14 years$52,730$45,638$39,376$33,877$29,075$17,045
15 years$48,707$41,691$35,551$30,213$25,600$14,329
16 years$45,190$38,251$32,232$27,052$22,625$12,081
17 years$42,090$35,227$29,330$24,306$20,061$10,210
18 years$39,337$32,552$26,775$21,905$17,837$8,646
19 years$36,878$30,169$24,511$19,793$15,899$7,333
20 years$34,667$28,034$22,495$17,926$14,201$6,229
21 years$32,669$26,113$20,691$16,269$12,708$5,297
22 years$30,855$24,375$19,070$14,792$11,391$4,510
23 years$29,201$22,798$17,608$13,472$10,225$3,842
24 years$27,688$21,360$16,284$12,287$9,191$3,276
25 years$26,297$20,045$15,082$11,221$8,270$2,795
26 years$25,016$18,839$13,988$10,260$7,450$2,386
27 years$23,831$17,730$12,989$9,391$6,716$2,037
28 years$22,734$16,707$12,075$8,604$6,060$1,740
29 years$21,713$15,761$11,237$7,890$5,472$1,487
30 years$20,763$14,885$10,467$7,241$4,945$1,271
31 years$19,875$14,071$9,758$6,651$4,470$1,087
32 years$19,045$13,314$9,104$6,112$4,044$929
33 years$18,267$12,609$8,501$5,621$3,660$795
34 years$17,536$11,950$7,943$5,172$3,313$680
35 years$16,848$11,334$7,426$4,761$3,001$582
36 years$16,200$10,758$6,947$4,384$2,719$498
37 years$15,588$10,218$6,502$4,040$2,464$426
38 years$15,010$9,710$6,089$3,723$2,234$365
39 years$14,463$9,234$5,704$3,433$2,026$312
40 years$13,945$8,785$5,347$3,167$1,838$267
41 years$13,453$8,363$5,014$2,922$1,667$229
42 years$12,986$7,964$4,703$2,696$1,513$196
43 years$12,542$7,588$4,413$2,489$1,373$167
44 years$12,119$7,233$4,142$2,298$1,246$143
45 years$11,716$6,898$3,890$2,122$1,131$123
46 years$11,332$6,580$3,653$1,961$1,027$105
47 years$10,965$6,279$3,432$1,811$933$90
48 years$10,615$5,994$3,225$1,674$847$77
49 years$10,279$5,724$3,032$1,547$769$66
50 years$9,959$5,468$2,850$1,430$699$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,200,000, adding $5,883 every year, while hoping to spend $35,750 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: 59/15/26 Blend
60$10,200,000$10,200,000$10,200,000$10,200,000
61$11,246,468$10,705,868$10,547,768$11,830,625
62$12,355,570$11,192,418$10,863,081$12,716,390
63$13,576,603$11,701,611$11,187,758$13,677,738
64$14,920,944$12,234,518$11,522,076$14,725,584
65$16,401,134$12,792,262$11,866,319$15,868,333
66$18,030,988$13,376,022$12,220,779$17,115,233
67$19,825,730$13,987,028$12,585,757$18,476,457
68$21,802,138$14,626,576$12,961,562$19,963,200
69$23,978,695$15,296,017$13,348,514$21,587,779
70$26,375,773$15,996,773$13,746,940$23,363,749
71$29,015,816$16,730,330$14,157,178$25,306,030
72$31,923,561$17,498,247$14,579,574$27,431,042
73$35,126,261$18,302,158$15,014,487$29,756,859
74$38,653,952$19,143,776$15,462,285$32,303,378
75$42,539,728$20,024,894$15,923,345$35,092,500
76$46,820,061$20,947,395$16,398,057$38,148,339
77$51,535,138$21,913,248$16,886,822$41,497,441
78$56,729,245$22,924,519$17,390,054$45,169,038
79$62,451,182$23,983,376$17,908,175$49,195,313
80$68,754,728$25,092,086$18,441,624$53,611,705
81$75,699,140$26,253,028$18,990,849$58,457,240
82$83,349,724$27,468,698$19,556,313$63,774,892
83$91,778,438$28,741,707$20,138,492$69,611,989
84$101,064,583$30,074,795$20,737,876$76,020,652
85$111,295,545$31,470,834$21,354,969$83,058,285
86$122,567,619$32,932,833$21,990,289$90,788,111
87$134,986,923$34,463,949$22,644,371$99,279,766
88$148,670,394$36,067,487$23,317,762$108,609,947
89$163,746,896$37,746,915$24,011,028$118,863,137
90$180,358,432$39,505,867$24,724,751$130,132,392
91$198,661,490$41,348,153$25,459,528$142,520,218
92$218,828,514$43,277,764$26,215,974$156,139,527
93$241,049,537$45,298,889$26,994,724$171,114,705
94$265,533,970$47,415,915$27,796,428$187,582,773
95$292,512,583$49,633,443$28,621,756$205,694,676
96$322,239,680$51,956,295$29,471,398$225,616,702
97$354,995,502$54,389,528$30,346,064$247,532,045
98$391,088,870$56,938,442$31,246,484$271,642,525
99$430,860,102$59,608,592$32,173,408$298,170,486
100$474,684,224$62,405,806$33,127,610$327,360,886