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%14.9%
1 years$842,306$834,804$827,484$820,339$813,362$796,940
2 years$416,983$409,217$401,691$394,394$387,315$370,842
3 years$275,228$267,428$259,921$252,692$245,729$229,719
4 years$204,364$196,588$189,156$182,050$175,256$159,832
5 years$161,856$154,127$146,793$139,832$133,227$118,433
6 years$133,527$125,857$118,630$111,825$105,418$91,270
7 years$113,300$105,694$98,582$91,937$85,733$72,234
8 years$98,137$90,599$83,606$77,124$71,124$58,271
9 years$86,349$78,883$72,009$65,692$59,896$47,680
10 years$76,925$69,532$62,779$56,628$51,035$39,443
11 years$69,219$61,900$55,270$49,283$43,892$32,911
12 years$62,802$55,558$49,051$43,228$38,036$27,649
13 years$57,377$50,208$43,824$38,164$33,168$23,358
14 years$52,730$45,638$39,376$33,877$29,075$19,824
15 years$48,707$41,691$35,551$30,213$25,600$16,887
16 years$45,190$38,251$32,232$27,052$22,625$14,431
17 years$42,090$35,227$29,330$24,306$20,061$12,365
18 years$39,337$32,552$26,775$21,905$17,837$10,618
19 years$36,878$30,169$24,511$19,793$15,899$9,135
20 years$34,667$28,034$22,495$17,926$14,201$7,872
21 years$32,669$26,113$20,691$16,269$12,708$6,793
22 years$30,855$24,375$19,070$14,792$11,391$5,868
23 years$29,201$22,798$17,608$13,472$10,225$5,075
24 years$27,688$21,360$16,284$12,287$9,191$4,392
25 years$26,297$20,045$15,082$11,221$8,270$3,805
26 years$25,016$18,839$13,988$10,260$7,450$3,298
27 years$23,831$17,730$12,989$9,391$6,716$2,860
28 years$22,734$16,707$12,075$8,604$6,060$2,481
29 years$21,713$15,761$11,237$7,890$5,472$2,153
30 years$20,763$14,885$10,467$7,241$4,945$1,870
31 years$19,875$14,071$9,758$6,651$4,470$1,624
32 years$19,045$13,314$9,104$6,112$4,044$1,411
33 years$18,267$12,609$8,501$5,621$3,660$1,226
34 years$17,536$11,950$7,943$5,172$3,313$1,066
35 years$16,848$11,334$7,426$4,761$3,001$926
36 years$16,200$10,758$6,947$4,384$2,719$805
37 years$15,588$10,218$6,502$4,040$2,464$700
38 years$15,010$9,710$6,089$3,723$2,234$609
39 years$14,463$9,234$5,704$3,433$2,026$530
40 years$13,945$8,785$5,347$3,167$1,838$461
41 years$13,453$8,363$5,014$2,922$1,667$401
42 years$12,986$7,964$4,703$2,696$1,513$349
43 years$12,542$7,588$4,413$2,489$1,373$303
44 years$12,119$7,233$4,142$2,298$1,246$264
45 years$11,716$6,898$3,890$2,122$1,131$230
46 years$11,332$6,580$3,653$1,961$1,027$200
47 years$10,965$6,279$3,432$1,811$933$174
48 years$10,615$5,994$3,225$1,674$847$151
49 years$10,279$5,724$3,032$1,547$769$132
50 years$9,959$5,468$2,850$1,430$699$115

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 $3,999 every year, while hoping to spend $43,883 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: 62/19/19 Blend
60$10,200,000$10,200,000$10,200,000$10,200,000
61$11,244,525$10,703,925$10,545,825$11,886,614
62$12,344,775$11,181,726$10,852,419$12,797,794
63$13,555,780$11,681,469$11,167,813$13,786,853
64$14,888,791$12,204,182$11,492,256$14,865,630
65$16,356,204$12,750,943$11,826,002$16,042,860
66$17,971,678$13,322,881$12,169,315$17,328,152
67$19,750,267$13,921,179$12,522,464$18,732,079
68$21,708,553$14,547,076$12,885,726$20,266,273
69$23,864,813$15,201,870$13,259,386$21,943,537
70$26,239,185$15,886,922$13,643,736$23,777,957
71$28,853,857$16,603,657$14,039,076$25,785,038
72$31,733,281$17,353,567$14,445,716$27,981,844
73$34,904,402$18,138,218$14,863,973$30,387,158
74$38,396,908$18,959,247$15,294,173$33,021,657
75$42,243,515$19,818,373$15,736,651$35,908,101
76$46,480,275$20,717,395$16,191,751$39,071,549
77$51,146,915$21,658,199$16,659,826$42,539,588
78$56,287,209$22,642,760$17,141,239$46,342,593
79$61,949,398$23,673,149$17,636,364$50,514,010
80$68,186,639$24,751,535$18,145,584$55,090,664
81$75,057,507$25,880,192$18,669,293$60,113,110
82$82,626,553$27,061,501$19,207,894$65,626,003
83$90,964,907$28,297,960$19,761,804$71,678,523
84$100,150,951$29,592,184$20,331,448$78,324,829
85$110,271,063$30,946,916$20,917,266$85,624,569
86$121,420,424$32,365,027$21,519,708$93,643,438
87$133,703,925$33,849,531$22,139,235$102,453,791
88$147,237,148$35,403,581$22,776,323$112,135,322
89$162,147,466$37,030,486$23,431,458$122,775,812
90$178,575,239$38,733,711$24,105,144$134,471,950
91$196,675,140$40,516,889$24,797,892$147,330,239
92$216,617,615$42,383,827$25,510,232$161,467,999
93$238,590,493$44,338,516$26,242,707$177,014,465
94$262,800,759$46,385,139$26,995,872$194,111,997
95$289,476,503$48,528,077$27,770,301$212,917,426
96$318,869,080$50,771,927$28,566,580$233,603,517
97$351,255,479$53,121,504$29,385,313$256,360,597
98$386,940,935$55,581,855$30,227,119$281,398,346
99$426,261,816$58,158,272$31,092,633$308,947,761
100$469,588,794$60,856,299$31,982,508$339,263,335