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%17.4%
1 years$842,306$834,804$827,484$820,339$813,362$788,906
2 years$416,983$409,217$401,691$394,394$387,315$362,882
3 years$275,228$267,428$259,921$252,692$245,729$222,085
4 years$204,364$196,588$189,156$182,050$175,256$152,582
5 years$161,856$154,127$146,793$139,832$133,227$111,585
6 years$133,527$125,857$118,630$111,825$105,418$84,827
7 years$113,300$105,694$98,582$91,937$85,733$66,192
8 years$98,137$90,599$83,606$77,124$71,124$52,621
9 years$86,349$78,883$72,009$65,692$59,896$42,412
10 years$76,925$69,532$62,779$56,628$51,035$34,544
11 years$69,219$61,900$55,270$49,283$43,892$28,367
12 years$62,802$55,558$49,051$43,228$38,036$23,444
13 years$57,377$50,208$43,824$38,164$33,168$19,477
14 years$52,730$45,638$39,376$33,877$29,075$16,248
15 years$48,707$41,691$35,551$30,213$25,600$13,601
16 years$45,190$38,251$32,232$27,052$22,625$11,418
17 years$42,090$35,227$29,330$24,306$20,061$9,607
18 years$39,337$32,552$26,775$21,905$17,837$8,099
19 years$36,878$30,169$24,511$19,793$15,899$6,839
20 years$34,667$28,034$22,495$17,926$14,201$5,783
21 years$32,669$26,113$20,691$16,269$12,708$4,895
22 years$30,855$24,375$19,070$14,792$11,391$4,148
23 years$29,201$22,798$17,608$13,472$10,225$3,517
24 years$27,688$21,360$16,284$12,287$9,191$2,985
25 years$26,297$20,045$15,082$11,221$8,270$2,534
26 years$25,016$18,839$13,988$10,260$7,450$2,153
27 years$23,831$17,730$12,989$9,391$6,716$1,829
28 years$22,734$16,707$12,075$8,604$6,060$1,555
29 years$21,713$15,761$11,237$7,890$5,472$1,322
30 years$20,763$14,885$10,467$7,241$4,945$1,125
31 years$19,875$14,071$9,758$6,651$4,470$957
32 years$19,045$13,314$9,104$6,112$4,044$814
33 years$18,267$12,609$8,501$5,621$3,660$693
34 years$17,536$11,950$7,943$5,172$3,313$590
35 years$16,848$11,334$7,426$4,761$3,001$502
36 years$16,200$10,758$6,947$4,384$2,719$427
37 years$15,588$10,218$6,502$4,040$2,464$364
38 years$15,010$9,710$6,089$3,723$2,234$310
39 years$14,463$9,234$5,704$3,433$2,026$264
40 years$13,945$8,785$5,347$3,167$1,838$225
41 years$13,453$8,363$5,014$2,922$1,667$191
42 years$12,986$7,964$4,703$2,696$1,513$163
43 years$12,542$7,588$4,413$2,489$1,373$139
44 years$12,119$7,233$4,142$2,298$1,246$118
45 years$11,716$6,898$3,890$2,122$1,131$101
46 years$11,332$6,580$3,653$1,961$1,027$86
47 years$10,965$6,279$3,432$1,811$933$73
48 years$10,615$5,994$3,225$1,674$847$62
49 years$10,279$5,724$3,032$1,547$769$53
50 years$9,959$5,468$2,850$1,430$699$45

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 $5,762 every year, while hoping to spend $31,828 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: 43/41/16 Blend
60$10,200,000$10,200,000$10,200,000$10,200,000
61$11,246,344$10,705,744$10,547,644$11,677,372
62$12,359,606$11,196,460$10,867,125$12,471,543
63$13,585,354$11,710,155$11,196,242$13,327,808
64$14,935,028$12,247,921$11,535,284$14,254,793
65$16,421,234$12,810,902$11,884,549$15,259,012
66$18,057,863$13,400,299$12,244,344$16,347,615
67$19,860,220$14,017,368$12,614,985$17,528,448
68$21,845,171$14,663,429$12,996,796$18,810,124
69$24,031,303$15,339,861$13,390,113$20,202,099
70$26,439,094$16,048,113$13,795,280$21,714,758
71$29,091,114$16,789,702$14,212,654$23,359,505
72$32,012,229$17,566,219$14,642,599$25,148,871
73$35,229,843$18,379,330$15,085,493$27,096,618
74$38,774,153$19,230,784$15,541,723$29,217,873
75$42,678,436$20,122,411$16,011,690$31,529,257
76$46,979,358$21,056,131$16,495,804$34,049,040
77$51,717,328$22,033,957$16,994,489$36,797,304
78$56,936,873$23,057,998$17,508,181$39,796,129
79$62,687,058$24,130,465$18,037,330$43,069,791
80$69,021,956$25,253,675$18,582,398$46,644,984
81$76,001,148$26,430,058$19,143,861$50,551,068
82$83,690,296$27,662,161$19,722,210$54,820,332
83$92,161,753$28,952,654$20,317,951$59,488,293
84$101,495,252$30,304,334$20,931,603$64,594,025
85$111,778,658$31,720,137$21,563,702$70,180,512
86$123,108,794$33,203,137$22,214,799$76,295,050
87$135,592,359$34,756,558$22,885,463$82,989,680
88$149,346,931$36,383,781$23,576,277$90,321,667
89$164,502,080$38,088,348$24,287,844$98,354,034
90$181,200,589$39,873,975$25,020,785$107,156,139
91$199,599,805$41,744,555$25,775,736$116,804,325
92$219,873,118$43,704,171$26,553,357$127,382,617
93$242,211,605$45,757,104$27,354,323$138,983,514
94$266,825,827$47,907,841$28,179,331$151,708,836
95$293,947,822$50,161,086$29,029,099$165,670,680
96$323,833,292$52,521,771$29,904,366$180,992,456
97$356,764,018$54,995,068$30,805,893$197,810,038
98$393,050,519$57,586,398$31,734,461$216,273,032
99$433,034,986$60,301,445$32,690,879$236,546,165
100$477,094,507$63,146,168$33,675,977$258,810,826