Can I retire at age 61 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$883,596$875,725$868,047$860,552$853,233$832,945
2 years$437,424$429,277$421,382$413,727$406,301$385,980
3 years$288,719$280,537$272,662$265,079$257,774$238,055
4 years$214,381$206,225$198,428$190,974$183,847$164,881
5 years$169,790$161,683$153,988$146,687$139,757$121,598
6 years$140,073$132,026$124,445$117,306$110,585$93,251
7 years$118,854$110,875$103,415$96,444$89,935$73,429
8 years$102,948$95,041$87,704$80,905$74,610$58,924
9 years$90,582$82,750$75,539$68,913$62,833$47,955
10 years$80,696$72,940$65,857$59,403$53,536$39,450
11 years$72,612$64,934$57,979$51,699$46,043$32,729
12 years$65,881$58,281$51,455$45,347$39,900$27,336
13 years$60,189$52,669$45,972$40,034$34,794$22,956
14 years$55,315$47,875$41,306$35,538$30,500$19,363
15 years$51,094$43,735$37,294$31,694$26,854$16,392
16 years$47,405$40,126$33,812$28,378$23,734$13,919
17 years$44,153$36,954$30,768$25,498$21,044$11,849
18 years$41,266$34,147$28,087$22,979$18,712$10,108
19 years$38,685$31,648$25,712$20,763$16,678$8,638
20 years$36,366$29,408$23,597$18,805$14,897$7,393
21 years$34,270$27,393$21,705$17,067$13,331$6,336
22 years$32,367$25,570$20,005$15,518$11,950$5,436
23 years$30,633$23,915$18,471$14,132$10,727$4,668
24 years$29,045$22,407$17,082$12,889$9,641$4,012
25 years$27,586$21,028$15,822$11,771$8,676$3,450
26 years$26,242$19,763$14,674$10,763$7,815$2,969
27 years$25,000$18,599$13,626$9,852$7,046$2,556
28 years$23,848$17,526$12,667$9,026$6,357$2,201
29 years$22,778$16,534$11,788$8,277$5,741$1,896
30 years$21,781$15,614$10,980$7,596$5,187$1,634
31 years$20,850$14,761$10,236$6,977$4,690$1,409
32 years$19,979$13,967$9,551$6,412$4,242$1,215
33 years$19,162$13,227$8,917$5,896$3,839$1,048
34 years$18,395$12,536$8,332$5,425$3,476$904
35 years$17,674$11,890$7,790$4,994$3,148$780
36 years$16,994$11,285$7,287$4,599$2,852$673
37 years$16,353$10,718$6,821$4,238$2,585$581
38 years$15,746$10,186$6,387$3,906$2,344$501
39 years$15,172$9,686$5,984$3,602$2,125$433
40 years$14,629$9,216$5,609$3,322$1,928$373
41 years$14,113$8,772$5,259$3,065$1,749$322
42 years$13,623$8,355$4,933$2,828$1,587$278
43 years$13,157$7,960$4,629$2,611$1,440$240
44 years$12,713$7,588$4,345$2,411$1,307$207
45 years$12,290$7,236$4,080$2,226$1,187$179
46 years$11,887$6,903$3,832$2,057$1,078$155
47 years$11,503$6,587$3,600$1,900$979$133
48 years$11,135$6,288$3,383$1,756$889$115
49 years$10,783$6,005$3,180$1,623$807$100
50 years$10,447$5,736$2,990$1,500$733$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,700,000, adding $6,183 every year, while hoping to spend $22,314 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: 44/32/24 Blend
60$10,700,000$10,700,000$10,700,000$10,700,000
61$11,797,778$11,230,678$11,064,828$12,234,503
62$12,977,409$11,757,239$11,411,758$13,071,357
63$14,276,615$12,308,854$11,769,562$13,975,283
64$15,707,569$12,886,727$12,138,581$14,954,689
65$17,283,684$13,492,119$12,519,166$16,016,589
66$19,019,742$14,126,355$12,911,681$17,168,684
67$20,932,031$14,790,822$13,316,497$18,419,432
68$23,038,500$15,486,975$13,734,002$19,778,120
69$25,358,929$16,216,338$14,164,593$21,254,947
70$27,915,112$16,980,511$14,608,679$22,861,121
71$30,731,067$17,781,170$15,066,684$24,608,956
72$33,833,261$18,620,072$15,539,043$26,511,983
73$37,250,859$19,499,061$16,026,206$28,585,072
74$41,016,000$20,420,068$16,528,637$30,844,573
75$45,164,100$21,385,120$17,046,815$33,308,455
76$49,734,188$22,396,340$17,581,232$35,996,479
77$54,769,269$23,455,955$18,132,398$38,930,372
78$60,316,738$24,566,301$18,700,837$42,134,027
79$66,428,821$25,729,825$19,287,090$45,633,724
80$73,163,069$26,949,094$19,891,716$49,458,368
81$80,582,903$28,226,801$20,515,290$53,639,759
82$88,758,212$29,565,768$21,158,405$58,212,878
83$97,766,012$30,968,953$21,821,674$63,216,214
84$107,691,174$32,439,459$22,505,728$68,692,117
85$118,627,222$33,980,541$23,211,218$74,687,190
86$130,677,221$35,595,610$23,938,816$81,252,718
87$143,954,745$37,288,243$24,689,215$88,445,143
88$158,584,953$39,062,191$25,463,127$96,326,590
89$174,705,767$40,921,387$26,261,291$104,965,437
90$192,469,176$42,869,956$27,084,465$114,436,953
91$212,042,671$44,912,223$27,933,434$124,823,998
92$233,610,824$47,052,722$28,809,004$136,217,789
93$257,377,033$49,296,210$29,712,010$148,718,754
94$283,565,438$51,647,672$30,643,311$162,437,461
95$312,423,043$54,112,339$31,603,792$177,495,652
96$344,222,043$56,695,693$32,594,369$194,027,377
97$379,262,394$59,403,484$33,615,983$212,180,242
98$417,874,647$62,241,743$34,669,606$232,116,791
99$460,423,065$65,216,793$35,756,242$254,016,018
100$507,309,066$68,335,264$36,876,925$278,075,046