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%18.3%
1 years$850,564$842,988$835,596$828,381$821,336$793,775
2 years$421,071$413,229$405,629$398,260$391,113$363,616
3 years$277,926$270,050$262,469$255,169$248,138$221,571
4 years$206,367$198,515$191,010$183,835$176,974$151,539
5 years$163,443$155,638$148,232$141,203$134,533$110,298
6 years$134,836$127,090$119,793$112,921$106,451$83,435
7 years$114,411$106,730$99,549$92,839$86,573$64,773
8 years$99,099$91,488$84,425$77,880$71,821$51,220
9 years$87,196$79,656$72,715$66,337$60,484$41,058
10 years$77,679$70,213$63,395$57,183$51,535$33,252
11 years$69,898$62,507$55,812$49,766$44,322$27,147
12 years$63,418$56,103$49,532$43,652$38,408$22,303
13 years$57,939$50,700$44,253$38,538$33,493$18,416
14 years$53,247$46,085$39,762$34,210$29,360$15,267
15 years$49,184$42,100$35,900$30,509$25,851$12,699
16 years$45,633$38,626$32,548$27,317$22,847$10,591
17 years$42,503$35,573$29,618$24,544$20,258$8,853
18 years$39,723$32,871$27,037$22,120$18,012$7,414
19 years$37,239$30,464$24,751$19,987$16,055$6,218
20 years$35,006$28,309$22,715$18,102$14,340$5,221
21 years$32,989$26,369$20,894$16,429$12,833$4,389
22 years$31,157$24,614$19,257$14,937$11,503$3,693
23 years$29,487$23,021$17,780$13,604$10,326$3,110
24 years$27,959$21,569$16,444$12,407$9,281$2,620
25 years$26,555$20,242$15,230$11,331$8,351$2,208
26 years$25,261$19,024$14,125$10,361$7,523$1,862
27 years$24,065$17,904$13,116$9,483$6,782$1,571
28 years$22,956$16,871$12,193$8,689$6,120$1,326
29 years$21,926$15,916$11,347$7,968$5,526$1,119
30 years$20,966$15,031$10,569$7,312$4,993$945
31 years$20,070$14,209$9,854$6,716$4,514$798
32 years$19,232$13,444$9,194$6,172$4,083$674
33 years$18,446$12,732$8,584$5,676$3,696$569
34 years$17,708$12,067$8,020$5,222$3,346$481
35 years$17,013$11,446$7,499$4,807$3,030$406
36 years$16,359$10,863$7,015$4,427$2,746$343
37 years$15,741$10,318$6,566$4,079$2,489$290
38 years$15,158$9,806$6,148$3,760$2,256$245
39 years$14,605$9,324$5,760$3,467$2,046$207
40 years$14,082$8,871$5,399$3,198$1,856$175
41 years$13,585$8,445$5,063$2,950$1,684$148
42 years$13,113$8,042$4,749$2,723$1,528$125
43 years$12,665$7,663$4,456$2,513$1,386$106
44 years$12,238$7,304$4,183$2,321$1,258$89
45 years$11,831$6,965$3,928$2,143$1,142$76
46 years$11,443$6,644$3,689$1,980$1,037$64
47 years$11,073$6,341$3,466$1,829$942$54
48 years$10,719$6,053$3,257$1,690$855$46
49 years$10,380$5,780$3,061$1,562$777$39
50 years$10,056$5,522$2,878$1,444$706$33

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 $5,221 every year, while hoping to spend $45,659 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: 65/19/16 Blend
60$10,300,000$10,300,000$10,300,000$10,300,000
61$11,355,985$10,810,085$10,650,435$12,049,570
62$12,465,715$11,291,199$10,958,644$12,995,696
63$13,687,107$11,794,356$11,275,648$14,023,407
64$15,031,502$12,320,590$11,601,692$15,145,323
65$16,511,398$12,870,981$11,937,031$16,370,654
66$18,140,563$13,446,662$12,281,924$17,709,532
67$19,934,171$14,048,819$12,636,639$19,173,104
68$21,908,939$14,678,694$13,001,450$20,773,641
69$24,083,291$15,337,590$13,376,638$22,524,645
70$26,477,525$16,026,871$13,762,494$24,440,974
71$29,114,010$16,747,965$14,159,315$26,538,987
72$32,017,394$17,502,369$14,567,407$28,836,687
73$35,214,835$18,291,653$14,987,082$31,353,893
74$38,736,264$19,117,459$15,418,665$34,112,424
75$42,614,658$19,981,510$15,862,485$37,136,301
76$46,886,357$20,885,608$16,318,883$40,451,971
77$51,591,408$21,831,646$16,788,208$44,088,553
78$56,773,937$22,821,602$17,270,818$48,078,108
79$62,482,571$23,857,552$17,767,083$52,455,944
80$68,770,893$24,941,672$18,277,379$57,260,937
81$75,697,949$26,076,239$18,802,097$62,535,901
82$83,328,806$27,263,641$19,341,633$68,327,986
83$91,735,165$28,506,380$19,896,399$74,689,118
84$100,996,037$29,807,078$20,466,814$81,676,485
85$111,198,491$31,168,483$21,053,310$89,353,072
86$122,438,472$32,593,474$21,656,331$97,788,254
87$134,821,710$34,085,068$22,276,332$107,058,441
88$148,464,716$35,646,427$22,913,780$117,247,798
89$163,495,880$37,280,866$23,569,155$128,449,032
90$180,056,688$38,991,856$24,242,950$140,764,261
91$198,303,051$40,783,038$24,935,670$154,305,975
92$218,406,782$42,658,227$25,647,835$169,198,089
93$240,557,213$44,621,419$26,379,976$185,577,108
94$264,962,986$46,676,806$27,132,643$203,593,407
95$291,854,019$48,828,778$27,906,395$223,412,645
96$321,483,679$51,081,938$28,701,809$245,217,323
97$354,131,172$53,441,110$29,519,477$269,208,493
98$390,104,177$55,911,350$30,360,005$295,607,658
99$429,741,756$58,497,959$31,224,018$324,658,844
100$473,417,546$61,206,490$32,112,154$356,630,902