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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$867,080$859,357$851,821$844,466$837,285$804,382
2 years$429,248$421,253$413,506$405,993$398,707$365,961
3 years$283,323$275,294$267,565$260,124$252,956$221,397
4 years$210,374$202,370$194,719$187,405$180,410$150,279
5 years$166,617$158,661$151,110$143,945$137,145$108,519
6 years$137,455$129,558$122,119$115,114$108,518$81,415
7 years$116,633$108,803$101,482$94,641$88,254$62,665
8 years$101,023$93,264$86,065$79,392$73,216$49,114
9 years$88,889$81,203$74,127$67,625$61,658$39,008
10 years$79,187$71,577$64,626$58,293$52,536$31,295
11 years$71,255$63,720$56,896$50,732$45,183$25,301
12 years$64,649$57,192$50,493$44,499$39,154$20,579
13 years$59,064$51,685$45,113$39,286$34,143$16,818
14 years$54,281$46,980$40,534$34,874$29,930$13,798
15 years$50,139$42,917$36,597$31,101$26,353$11,355
16 years$46,519$39,376$33,180$27,848$23,290$9,368
17 years$43,328$36,264$30,193$25,021$20,651$7,744
18 years$40,494$33,509$27,562$22,549$18,362$6,413
19 years$37,962$31,056$25,232$20,375$16,366$5,318
20 years$35,686$28,859$23,156$18,453$14,619$4,414
21 years$33,630$26,881$21,299$16,748$13,082$3,668
22 years$31,762$25,092$19,631$15,227$11,726$3,050
23 years$30,060$23,468$18,125$13,868$10,526$2,538
24 years$28,502$21,988$16,763$12,648$9,461$2,113
25 years$27,071$20,635$15,526$11,551$8,514$1,760
26 years$25,752$19,393$14,399$10,562$7,669$1,466
27 years$24,532$18,251$13,371$9,668$6,914$1,222
28 years$23,402$17,198$12,430$8,858$6,239$1,019
29 years$22,352$16,225$11,567$8,123$5,633$850
30 years$21,373$15,322$10,775$7,454$5,090$709
31 years$20,460$14,485$10,045$6,846$4,602$591
32 years$19,605$13,706$9,372$6,292$4,163$493
33 years$18,804$12,979$8,751$5,786$3,767$411
34 years$18,051$12,301$8,176$5,324$3,411$343
35 years$17,344$11,668$7,644$4,901$3,089$286
36 years$16,676$11,074$7,151$4,513$2,799$239
37 years$16,047$10,518$6,693$4,158$2,537$199
38 years$15,452$9,996$6,268$3,833$2,300$166
39 years$14,889$9,505$5,872$3,534$2,086$139
40 years$14,355$9,043$5,504$3,260$1,892$116
41 years$13,849$8,608$5,161$3,008$1,716$97
42 years$13,368$8,198$4,841$2,776$1,557$81
43 years$12,911$7,811$4,543$2,562$1,413$67
44 years$12,475$7,446$4,264$2,366$1,283$56
45 years$12,061$7,100$4,004$2,185$1,165$47
46 years$11,665$6,773$3,761$2,018$1,057$39
47 years$11,288$6,464$3,533$1,865$960$33
48 years$10,927$6,171$3,320$1,723$872$27
49 years$10,582$5,893$3,121$1,592$792$23
50 years$10,252$5,629$2,934$1,472$719$19

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 $4,404 every year, while hoping to spend $41,045 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: 38/47/15 Blend
60$10,500,000$10,500,000$10,500,000$10,500,000
61$11,575,543$11,019,043$10,856,293$11,962,786
62$12,712,577$11,515,304$11,176,307$12,736,434
63$13,964,212$12,034,507$11,505,666$13,567,702
64$15,342,096$12,577,732$11,844,640$14,465,175
65$16,859,059$13,146,111$12,193,505$15,434,827
66$18,529,244$13,740,830$12,552,548$16,483,210
67$20,368,230$14,363,134$12,922,061$17,617,506
68$22,393,186$15,014,324$13,302,347$18,845,594
69$24,623,030$15,695,765$13,693,715$20,176,117
70$27,078,610$16,408,888$14,096,485$21,618,560
71$29,782,895$17,155,191$14,510,984$23,183,332
72$32,761,199$17,936,244$14,937,551$24,881,859
73$36,041,414$18,753,693$15,376,532$26,726,687
74$39,654,276$19,609,262$15,828,284$28,731,592
75$43,633,654$20,504,758$16,293,173$30,911,706
76$48,016,870$21,442,074$16,771,578$33,283,649
77$52,845,051$22,423,195$17,263,885$35,865,682
78$58,163,515$23,450,201$17,770,494$38,677,870
79$64,022,203$24,525,270$18,291,815$41,742,264
80$70,476,147$25,650,688$18,828,270$45,083,102
81$77,585,988$26,828,846$19,380,292$48,727,024
82$85,418,554$28,062,254$19,948,327$52,703,322
83$94,047,484$29,353,542$20,532,832$57,044,200
84$103,553,925$30,705,464$21,134,281$61,785,071
85$114,027,303$32,120,908$21,753,156$66,964,882
86$125,566,157$33,602,902$22,389,956$72,626,468
87$138,279,078$35,154,618$23,045,193$78,816,945
88$152,285,731$36,779,380$23,719,393$85,588,145
89$167,717,981$38,480,676$24,413,099$92,997,091
90$184,721,142$40,262,156$25,126,865$101,106,522
91$203,455,347$42,127,650$25,861,263$109,985,472
92$224,097,060$44,081,173$26,616,883$119,709,906
93$246,840,739$46,126,929$27,394,328$130,363,425
94$271,900,676$48,269,330$28,194,219$142,038,036
95$299,513,015$50,512,997$29,017,196$154,835,004
96$329,937,985$52,862,776$29,863,914$168,865,794
97$363,462,352$55,323,745$30,735,048$184,253,101
98$400,402,132$57,901,229$31,631,292$201,131,992
99$441,105,568$60,600,807$32,553,358$219,651,160
100$485,956,420$63,428,331$33,501,980$239,974,307