Can I retire at age 61 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$858,822$851,172$843,709$836,424$829,311$806,646
2 years$425,160$417,241$409,567$402,127$394,910$372,241
3 years$280,624$272,672$265,017$257,647$250,547$228,583
4 years$208,371$200,443$192,865$185,620$178,692$157,603
5 years$165,030$157,149$149,671$142,574$135,839$115,682
6 years$136,145$128,324$120,956$114,017$107,485$88,279
7 years$115,522$107,767$100,515$93,740$87,414$69,160
8 years$100,061$92,376$85,245$78,636$72,518$55,207
9 years$88,043$80,430$73,421$66,981$61,071$44,686
10 years$78,433$70,895$64,010$57,738$52,035$36,556
11 years$70,576$63,114$56,354$50,249$44,752$30,154
12 years$64,033$56,647$50,013$44,075$38,781$25,037
13 years$58,502$51,193$44,683$38,912$33,818$20,898
14 years$53,764$46,533$40,148$34,542$29,645$17,519
15 years$49,662$42,508$36,248$30,805$26,102$14,738
16 years$46,076$39,001$32,864$27,583$23,069$12,434
17 years$42,915$35,918$29,905$24,783$20,454$10,516
18 years$40,109$33,190$27,299$22,334$18,187$8,911
19 years$37,601$30,760$24,991$20,181$16,210$7,565
20 years$35,346$28,584$22,936$18,278$14,479$6,430
21 years$33,309$26,625$21,097$16,588$12,957$5,473
22 years$31,460$24,853$19,444$15,082$11,615$4,662
23 years$29,774$23,245$17,953$13,736$10,426$3,976
24 years$28,230$21,779$16,603$12,528$9,371$3,392
25 years$26,813$20,438$15,378$11,441$8,432$2,896
26 years$25,506$19,209$14,262$10,461$7,596$2,474
27 years$24,299$18,078$13,244$9,575$6,848$2,115
28 years$23,179$17,034$12,312$8,773$6,179$1,808
29 years$22,139$16,070$11,457$8,045$5,580$1,546
30 years$21,170$15,176$10,672$7,383$5,042$1,323
31 years$20,265$14,347$9,949$6,781$4,558$1,132
32 years$19,418$13,575$9,283$6,232$4,123$969
33 years$18,625$12,856$8,667$5,731$3,731$829
34 years$17,880$12,184$8,098$5,273$3,378$710
35 years$17,178$11,557$7,571$4,854$3,060$608
36 years$16,518$10,969$7,083$4,470$2,772$521
37 years$15,894$10,418$6,629$4,119$2,513$446
38 years$15,305$9,901$6,208$3,796$2,278$382
39 years$14,747$9,415$5,816$3,501$2,066$327
40 years$14,218$8,957$5,452$3,229$1,874$280
41 years$13,717$8,527$5,112$2,979$1,700$240
42 years$13,241$8,120$4,795$2,749$1,543$206
43 years$12,788$7,737$4,500$2,538$1,400$176
44 years$12,357$7,375$4,224$2,343$1,271$151
45 years$11,946$7,033$3,966$2,164$1,154$129
46 years$11,554$6,709$3,725$1,999$1,047$111
47 years$11,180$6,402$3,499$1,847$951$95
48 years$10,823$6,112$3,288$1,707$864$81
49 years$10,481$5,837$3,091$1,577$784$70
50 years$10,154$5,575$2,906$1,458$713$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,400,000, adding $3,615 every year, while hoping to spend $58,027 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: 68/8/24 Blend
60$10,400,000$10,400,000$10,400,000$10,400,000
61$11,464,529$10,913,329$10,752,129$12,173,561
62$12,572,171$11,386,342$11,050,585$13,122,631
63$13,790,847$11,880,587$11,357,094$14,153,520
64$15,131,822$12,397,045$11,671,866$15,279,974
65$16,607,507$12,936,740$11,995,113$16,511,431
66$18,231,578$13,500,745$12,327,054$17,858,284
67$20,019,103$14,090,185$12,667,914$19,331,975
68$21,986,684$14,706,236$13,017,922$20,945,101
69$24,152,615$15,350,132$13,377,312$22,711,533
70$26,537,055$16,023,162$13,746,325$24,646,544
71$29,162,216$16,726,677$14,125,208$26,766,955
72$32,052,572$17,462,095$14,514,212$29,091,286
73$35,235,092$18,230,895$14,913,596$31,639,936
74$38,739,494$19,034,631$15,323,624$34,435,369
75$42,598,523$19,874,929$15,744,566$37,502,329
76$46,848,262$20,753,491$16,176,699$40,868,066
77$51,528,473$21,672,100$16,620,307$44,562,595
78$56,682,968$22,632,624$17,075,678$48,618,977
79$62,360,028$23,637,019$17,543,110$53,073,628
80$68,612,852$24,687,334$18,022,906$57,966,664
81$75,500,066$25,785,717$18,515,376$63,342,271
82$83,086,269$26,934,414$19,020,838$69,249,127
83$91,442,650$28,135,781$19,539,617$75,740,855
84$100,647,650$29,392,285$20,072,045$82,876,527
85$110,787,714$30,706,509$20,618,461$90,721,220
86$121,958,094$32,081,162$21,179,213$99,346,629
87$134,263,760$33,519,079$21,754,657$108,831,739
88$147,820,380$35,023,231$22,345,155$119,263,567
89$162,755,420$36,596,730$22,951,079$130,737,984
90$179,209,341$38,242,838$23,572,808$143,360,615
91$197,336,927$39,964,971$24,210,730$157,247,831
92$217,308,747$41,766,707$24,865,242$172,527,849
93$239,312,760$43,651,797$25,536,749$189,341,936
94$263,556,097$45,624,170$26,225,665$207,845,736
95$290,267,007$47,687,942$26,932,413$228,210,744
96$319,697,017$49,847,428$27,657,425$250,625,913
97$352,123,306$52,107,145$28,401,142$275,299,438
98$387,851,319$54,471,830$29,164,016$302,460,717
99$427,217,649$56,946,445$29,946,506$332,362,511
100$470,593,217$59,536,189$30,749,082$365,283,328