Can I retire at age 61 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$850,564$842,988$835,596$828,381$821,336$795,363
2 years$421,071$413,229$405,629$398,260$391,113$365,181
3 years$277,926$270,050$262,469$255,169$248,138$223,061
4 years$206,367$198,515$191,010$183,835$176,974$152,943
5 years$163,443$155,638$148,232$141,203$134,533$111,614
6 years$134,836$127,090$119,793$112,921$106,451$84,663
7 years$114,411$106,730$99,549$92,839$86,573$65,914
8 years$99,099$91,488$84,425$77,880$71,821$52,276
9 years$87,196$79,656$72,715$66,337$60,484$42,032
10 years$77,679$70,213$63,395$57,183$51,535$34,149
11 years$69,898$62,507$55,812$49,766$44,322$27,969
12 years$63,418$56,103$49,532$43,652$38,408$23,055
13 years$57,939$50,700$44,253$38,538$33,493$19,101
14 years$53,247$46,085$39,762$34,210$29,360$15,891
15 years$49,184$42,100$35,900$30,509$25,851$13,265
16 years$45,633$38,626$32,548$27,317$22,847$11,103
17 years$42,503$35,573$29,618$24,544$20,258$9,315
18 years$39,723$32,871$27,037$22,120$18,012$7,830
19 years$37,239$30,464$24,751$19,987$16,055$6,592
20 years$35,006$28,309$22,715$18,102$14,340$5,556
21 years$32,989$26,369$20,894$16,429$12,833$4,689
22 years$31,157$24,614$19,257$14,937$11,503$3,961
23 years$29,487$23,021$17,780$13,604$10,326$3,348
24 years$27,959$21,569$16,444$12,407$9,281$2,832
25 years$26,555$20,242$15,230$11,331$8,351$2,397
26 years$25,261$19,024$14,125$10,361$7,523$2,030
27 years$24,065$17,904$13,116$9,483$6,782$1,719
28 years$22,956$16,871$12,193$8,689$6,120$1,457
29 years$21,926$15,916$11,347$7,968$5,526$1,235
30 years$20,966$15,031$10,569$7,312$4,993$1,047
31 years$20,070$14,209$9,854$6,716$4,514$888
32 years$19,232$13,444$9,194$6,172$4,083$753
33 years$18,446$12,732$8,584$5,676$3,696$638
34 years$17,708$12,067$8,020$5,222$3,346$542
35 years$17,013$11,446$7,499$4,807$3,030$460
36 years$16,359$10,863$7,015$4,427$2,746$390
37 years$15,741$10,318$6,566$4,079$2,489$331
38 years$15,158$9,806$6,148$3,760$2,256$281
39 years$14,605$9,324$5,760$3,467$2,046$238
40 years$14,082$8,871$5,399$3,198$1,856$202
41 years$13,585$8,445$5,063$2,950$1,684$172
42 years$13,113$8,042$4,749$2,723$1,528$146
43 years$12,665$7,663$4,456$2,513$1,386$124
44 years$12,238$7,304$4,183$2,321$1,258$105
45 years$11,831$6,965$3,928$2,143$1,142$89
46 years$11,443$6,644$3,689$1,980$1,037$76
47 years$11,073$6,341$3,466$1,829$942$64
48 years$10,719$6,053$3,257$1,690$855$54
49 years$10,380$5,780$3,061$1,562$777$46
50 years$10,056$5,522$2,878$1,444$706$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,300,000, adding $5,281 every year, while hoping to spend $54,376 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: 56/30/14 Blend
60$10,300,000$10,300,000$10,300,000$10,300,000
61$11,356,047$10,810,147$10,650,497$11,950,601
62$12,456,509$11,281,989$10,949,433$12,826,303
63$13,667,394$11,775,128$11,256,561$13,773,333
64$14,999,911$12,290,552$11,572,098$14,803,658
65$16,466,404$12,829,292$11,896,266$15,925,255
66$18,080,480$13,392,430$12,229,294$17,146,892
67$19,857,129$13,981,098$12,571,415$18,478,210
68$21,812,868$14,596,484$12,922,869$19,929,812
69$23,965,897$15,239,828$13,283,901$21,513,355
70$26,336,270$15,912,431$13,654,764$23,241,662
71$28,946,086$16,615,657$14,035,715$25,128,835
72$31,819,694$17,350,931$14,427,019$27,190,389
73$34,983,925$18,119,749$14,828,946$29,443,391
74$38,468,343$18,923,675$15,241,774$31,906,619
75$42,305,529$19,764,349$15,665,788$34,600,736
76$46,531,380$20,643,489$16,101,279$37,548,478
77$51,185,454$21,562,894$16,548,545$40,774,868
78$56,311,342$22,524,447$17,007,893$44,307,441
79$61,957,077$23,530,123$17,479,635$48,176,509
80$68,175,589$24,581,990$17,964,094$52,415,432
81$75,025,205$25,682,213$18,461,596$57,060,935
82$82,570,196$26,833,062$18,972,480$62,153,443
83$90,881,388$28,036,913$19,497,090$67,737,463
84$100,036,825$29,296,258$20,035,778$73,861,992
85$110,122,512$30,613,705$20,588,907$80,580,980
86$121,233,219$31,991,988$21,156,847$87,953,825
87$133,473,382$33,433,970$21,739,976$96,045,933
88$146,958,085$34,942,652$22,338,683$104,929,325
89$161,814,146$36,521,178$22,953,365$114,683,309
90$178,181,314$38,172,841$23,584,428$125,395,225
91$196,213,590$39,901,093$24,232,289$137,161,256
92$216,080,679$41,709,549$24,897,373$150,087,328
93$237,969,590$43,601,998$25,580,116$164,290,107
94$262,086,403$45,582,411$26,280,965$179,898,081
95$288,658,214$47,654,948$27,000,376$197,052,772
96$317,935,279$49,823,967$27,738,815$215,910,057
97$350,193,373$52,094,037$28,496,761$236,641,631
98$385,736,396$54,469,944$29,274,702$259,436,612
99$424,899,242$56,956,705$30,073,138$284,503,323
100$468,050,957$59,559,575$30,892,580$312,071,237