Can I retire at age 61 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$875,338$867,541$859,934$852,509$845,259$818,857
2 years$433,336$425,265$417,444$409,860$402,504$376,140
3 years$286,021$277,916$270,114$262,601$255,365$229,866
4 years$212,378$204,297$196,574$189,189$182,129$157,689
5 years$168,204$160,172$152,549$145,316$138,451$115,137
6 years$138,764$130,792$123,282$116,210$109,552$87,384
7 years$117,743$109,839$102,448$95,543$89,095$68,071
8 years$101,985$94,152$86,884$80,148$73,913$54,019
9 years$89,736$81,977$74,833$68,269$62,245$43,460
10 years$79,942$72,258$65,241$58,848$53,036$35,331
11 years$71,933$64,327$57,438$51,216$45,613$28,956
12 years$65,265$57,737$50,974$44,923$39,527$23,884
13 years$59,627$52,177$45,542$39,660$34,468$19,802
14 years$54,798$47,428$40,920$35,206$30,215$16,485
15 years$50,617$43,326$36,945$31,398$26,603$13,771
16 years$46,962$39,751$33,496$28,113$23,512$11,535
17 years$43,741$36,609$30,480$25,259$20,848$9,684
18 years$40,880$33,828$27,824$22,764$18,537$8,146
19 years$38,324$31,352$25,472$20,569$16,522$6,863
20 years$36,026$29,134$23,377$18,629$14,758$5,790
21 years$33,950$27,137$21,502$16,907$13,207$4,890
22 years$32,065$25,331$19,818$15,373$11,838$4,133
23 years$30,346$23,692$18,298$14,000$10,626$3,497
24 years$28,773$22,198$16,923$12,769$9,551$2,960
25 years$27,328$20,831$15,674$11,661$8,595$2,507
26 years$25,997$19,578$14,537$10,662$7,742$2,125
27 years$24,766$18,425$13,499$9,760$6,980$1,801
28 years$23,625$17,362$12,549$8,942$6,298$1,528
29 years$22,565$16,379$11,678$8,200$5,687$1,296
30 years$21,577$15,468$10,877$7,525$5,139$1,099
31 years$20,655$14,623$10,141$6,912$4,646$933
32 years$19,792$13,836$9,461$6,352$4,202$792
33 years$18,983$13,103$8,834$5,841$3,803$672
34 years$18,223$12,419$8,254$5,374$3,443$571
35 years$17,509$11,779$7,717$4,947$3,119$485
36 years$16,835$11,180$7,219$4,556$2,826$412
37 years$16,200$10,618$6,757$4,198$2,561$350
38 years$15,599$10,091$6,328$3,869$2,322$297
39 years$15,031$9,596$5,928$3,568$2,106$252
40 years$14,492$9,130$5,556$3,291$1,910$214
41 years$13,981$8,690$5,210$3,036$1,733$182
42 years$13,495$8,277$4,887$2,802$1,572$155
43 years$13,034$7,886$4,586$2,587$1,427$131
44 years$12,594$7,517$4,305$2,388$1,295$112
45 years$12,176$7,168$4,042$2,206$1,176$95
46 years$11,776$6,838$3,796$2,037$1,068$80
47 years$11,395$6,526$3,567$1,882$969$68
48 years$11,031$6,230$3,352$1,739$880$58
49 years$10,683$5,949$3,150$1,607$800$49
50 years$10,349$5,683$2,962$1,486$726$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,600,000, adding $4,850 every year, while hoping to spend $49,013 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: 30/42/28 Blend
60$10,600,000$10,600,000$10,600,000$10,600,000
61$11,686,203$11,124,403$10,960,103$11,935,980
62$12,826,046$11,617,349$11,275,117$12,624,614
63$14,080,511$12,132,807$11,599,041$13,360,277
64$15,461,236$12,671,828$11,932,122$14,150,716
65$16,981,048$13,235,513$12,274,614$15,000,731
66$18,654,077$13,825,016$12,626,776$15,915,575
67$20,495,896$14,441,545$12,988,876$16,901,008
68$22,523,662$15,086,365$13,361,188$17,963,338
69$24,756,282$15,760,803$13,743,994$19,109,482
70$27,214,588$16,466,247$14,137,583$20,347,023
71$29,921,535$17,204,153$14,542,252$21,684,277
72$32,902,420$17,976,045$14,958,305$23,130,367
73$36,185,115$18,783,519$15,386,057$24,695,301
74$39,800,334$19,628,249$15,825,827$26,390,064
75$43,781,922$20,511,988$16,277,946$28,226,714
76$48,167,174$21,436,571$16,742,753$30,218,485
77$52,997,186$22,403,923$17,220,595$32,379,915
78$58,317,243$23,416,059$17,711,829$34,726,964
79$64,177,248$24,475,092$18,216,822$37,277,168
80$70,632,190$25,583,234$18,735,948$40,049,791
81$77,742,665$26,742,804$19,269,594$43,065,998
82$85,575,447$27,956,232$19,818,156$46,349,050
83$94,204,119$29,226,064$20,382,041$49,924,513
84$103,709,765$30,554,966$20,961,664$53,820,490
85$114,181,736$31,945,735$21,557,455$58,067,875
86$125,718,496$33,401,299$22,169,853$62,700,639
87$138,428,548$34,924,728$22,799,308$67,756,136
88$152,431,458$36,519,237$23,446,283$73,275,444
89$167,858,985$38,188,199$24,111,253$79,303,748
90$184,856,325$39,935,144$24,794,703$85,890,745
91$203,583,479$41,763,776$25,497,135$93,091,107
92$224,216,765$43,677,972$26,219,060$100,964,983
93$246,950,481$45,681,798$26,961,004$109,578,551
94$271,998,740$47,779,515$27,723,507$119,004,631
95$299,597,489$49,975,589$28,507,122$129,323,355
96$330,006,739$52,274,699$29,312,417$140,622,908
97$363,513,017$54,681,751$30,139,974$153,000,346
98$400,432,072$57,201,883$30,990,390$166,562,493
99$441,111,853$59,840,486$31,864,278$181,426,934
100$485,935,797$62,603,204$32,762,266$197,723,102