Can I retire at age 61 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$867,080$859,357$851,821$844,466$837,285$827,852
2 years$429,248$421,253$413,506$405,993$398,707$389,211
3 years$283,323$275,294$267,565$260,124$252,956$243,692
4 years$210,374$202,370$194,719$187,405$180,410$171,449
5 years$166,617$158,661$151,110$143,945$137,145$128,513
6 years$137,455$129,558$122,119$115,114$108,518$100,225
7 years$116,633$108,803$101,482$94,641$88,254$80,305
8 years$101,023$93,264$86,065$79,392$73,216$65,608
9 years$88,889$81,203$74,127$67,625$61,658$54,390
10 years$79,187$71,577$64,626$58,293$52,536$45,602
11 years$71,255$63,720$56,896$50,732$45,183$38,578
12 years$64,649$57,192$50,493$44,499$39,154$32,872
13 years$59,064$51,685$45,113$39,286$34,143$28,175
14 years$54,281$46,980$40,534$34,874$29,930$24,267
15 years$50,139$42,917$36,597$31,101$26,353$20,986
16 years$46,519$39,376$33,180$27,848$23,290$18,212
17 years$43,328$36,264$30,193$25,021$20,651$15,850
18 years$40,494$33,509$27,562$22,549$18,362$13,829
19 years$37,962$31,056$25,232$20,375$16,366$12,091
20 years$35,686$28,859$23,156$18,453$14,619$10,592
21 years$33,630$26,881$21,299$16,748$13,082$9,293
22 years$31,762$25,092$19,631$15,227$11,726$8,164
23 years$30,060$23,468$18,125$13,868$10,526$7,181
24 years$28,502$21,988$16,763$12,648$9,461$6,323
25 years$27,071$20,635$15,526$11,551$8,514$5,573
26 years$25,752$19,393$14,399$10,562$7,669$4,916
27 years$24,532$18,251$13,371$9,668$6,914$4,339
28 years$23,402$17,198$12,430$8,858$6,239$3,832
29 years$22,352$16,225$11,567$8,123$5,633$3,386
30 years$21,373$15,322$10,775$7,454$5,090$2,994
31 years$20,460$14,485$10,045$6,846$4,602$2,648
32 years$19,605$13,706$9,372$6,292$4,163$2,343
33 years$18,804$12,979$8,751$5,786$3,767$2,074
34 years$18,051$12,301$8,176$5,324$3,411$1,836
35 years$17,344$11,668$7,644$4,901$3,089$1,626
36 years$16,676$11,074$7,151$4,513$2,799$1,440
37 years$16,047$10,518$6,693$4,158$2,537$1,276
38 years$15,452$9,996$6,268$3,833$2,300$1,131
39 years$14,889$9,505$5,872$3,534$2,086$1,002
40 years$14,355$9,043$5,504$3,260$1,892$888
41 years$13,849$8,608$5,161$3,008$1,716$787
42 years$13,368$8,198$4,841$2,776$1,557$698
43 years$12,911$7,811$4,543$2,562$1,413$619
44 years$12,475$7,446$4,264$2,366$1,283$549
45 years$12,061$7,100$4,004$2,185$1,165$487
46 years$11,665$6,773$3,761$2,018$1,057$432
47 years$11,288$6,464$3,533$1,865$960$383
48 years$10,927$6,171$3,320$1,723$872$339
49 years$10,582$5,893$3,121$1,592$792$301
50 years$10,252$5,629$2,934$1,472$719$267

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,500,000, adding $2,753 every year, while hoping to spend $32,375 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: 74/21/5 Blend
60$10,500,000$10,500,000$10,500,000$10,500,000
61$11,573,840$11,017,340$10,854,590$12,425,907
62$12,719,925$11,522,743$11,183,772$13,492,123
63$13,981,825$12,051,825$11,522,896$14,655,348
64$15,371,320$12,605,714$11,872,262$15,928,621
65$16,901,389$13,185,588$12,232,177$17,322,802
66$18,586,335$13,792,685$12,602,959$18,849,843
67$20,441,916$14,428,302$12,984,933$20,522,898
68$22,485,499$15,093,797$13,378,437$22,356,446
69$24,736,221$15,790,594$13,783,815$24,366,425
70$27,215,169$16,520,186$14,201,426$26,570,377
71$29,945,578$17,284,137$14,631,636$28,987,615
72$32,953,055$18,084,088$15,074,824$31,639,400
73$36,265,815$18,921,756$15,531,378$34,549,141
74$39,914,950$19,798,945$16,001,702$37,742,611
75$43,934,723$20,717,540$16,486,206$41,248,187
76$48,362,888$21,679,524$16,985,318$45,097,117
77$53,241,051$22,686,969$17,499,475$49,323,807
78$58,615,060$23,742,052$18,029,128$53,966,148
79$64,535,434$24,847,051$18,574,743$59,065,866
80$71,057,849$26,004,357$19,136,797$64,668,912
81$78,243,653$27,216,474$19,715,783$70,825,895
82$86,160,454$28,486,029$20,312,210$77,592,549
83$94,882,751$29,815,775$20,926,600$85,030,262
84$104,492,640$31,208,597$21,559,490$93,206,646
85$115,080,592$32,667,521$22,211,435$102,196,172
86$126,746,300$34,195,717$22,883,006$112,080,868
87$139,599,627$35,796,511$23,574,791$122,951,085
88$153,761,637$37,473,388$24,287,394$134,906,350
89$169,365,741$39,230,002$25,021,439$148,056,294
90$186,558,957$41,070,182$25,777,568$162,521,683
91$205,503,296$42,997,946$26,556,441$178,435,554
92$226,377,290$45,017,503$27,358,740$195,944,459
93$249,377,680$47,133,267$28,185,164$215,209,844
94$274,721,271$49,349,865$29,036,435$236,409,568
95$302,646,982$51,672,150$29,913,297$259,739,571
96$333,418,096$54,105,207$30,816,514$285,415,714
97$367,324,748$56,654,369$31,746,874$313,675,815
98$404,686,666$59,325,227$32,705,188$344,781,877
99$445,856,186$62,123,643$33,692,292$379,022,559
100$491,221,579$65,055,763$34,709,045$416,715,885