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

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$883,596$875,725$868,047$860,552$853,233$837,376
2 years$437,424$429,277$421,382$413,727$406,301$390,385
3 years$288,719$280,537$272,662$265,079$257,774$242,295
4 years$214,381$206,225$198,428$190,974$183,847$168,923
5 years$169,790$161,683$153,988$146,687$139,757$125,432
6 years$140,073$132,026$124,445$117,306$110,585$96,874
7 years$118,854$110,875$103,415$96,444$89,935$76,842
8 years$102,948$95,041$87,704$80,905$74,610$62,132
9 years$90,582$82,750$75,539$68,913$62,833$50,961
10 years$80,696$72,940$65,857$59,403$53,536$42,261
11 years$72,612$64,934$57,979$51,699$46,043$35,351
12 years$65,881$58,281$51,455$45,347$39,900$29,777
13 years$60,189$52,669$45,972$40,034$34,794$25,222
14 years$55,315$47,875$41,306$35,538$30,500$21,464
15 years$51,094$43,735$37,294$31,694$26,854$18,335
16 years$47,405$40,126$33,812$28,378$23,734$15,713
17 years$44,153$36,954$30,768$25,498$21,044$13,502
18 years$41,266$34,147$28,087$22,979$18,712$11,628
19 years$38,685$31,648$25,712$20,763$16,678$10,034
20 years$36,366$29,408$23,597$18,805$14,897$8,672
21 years$34,270$27,393$21,705$17,067$13,331$7,506
22 years$32,367$25,570$20,005$15,518$11,950$6,505
23 years$30,633$23,915$18,471$14,132$10,727$5,643
24 years$29,045$22,407$17,082$12,889$9,641$4,899
25 years$27,586$21,028$15,822$11,771$8,676$4,257
26 years$26,242$19,763$14,674$10,763$7,815$3,702
27 years$25,000$18,599$13,626$9,852$7,046$3,220
28 years$23,848$17,526$12,667$9,026$6,357$2,803
29 years$22,778$16,534$11,788$8,277$5,741$2,441
30 years$21,781$15,614$10,980$7,596$5,187$2,126
31 years$20,850$14,761$10,236$6,977$4,690$1,853
32 years$19,979$13,967$9,551$6,412$4,242$1,615
33 years$19,162$13,227$8,917$5,896$3,839$1,408
34 years$18,395$12,536$8,332$5,425$3,476$1,228
35 years$17,674$11,890$7,790$4,994$3,148$1,071
36 years$16,994$11,285$7,287$4,599$2,852$935
37 years$16,353$10,718$6,821$4,238$2,585$815
38 years$15,746$10,186$6,387$3,906$2,344$712
39 years$15,172$9,686$5,984$3,602$2,125$621
40 years$14,629$9,216$5,609$3,322$1,928$542
41 years$14,113$8,772$5,259$3,065$1,749$473
42 years$13,623$8,355$4,933$2,828$1,587$413
43 years$13,157$7,960$4,629$2,611$1,440$361
44 years$12,713$7,588$4,345$2,411$1,307$315
45 years$12,290$7,236$4,080$2,226$1,187$275
46 years$11,887$6,903$3,832$2,057$1,078$240
47 years$11,503$6,587$3,600$1,900$979$209
48 years$11,135$6,288$3,383$1,756$889$183
49 years$10,783$6,005$3,180$1,623$807$160
50 years$10,447$5,736$2,990$1,500$733$139

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 $4,539 every year, while hoping to spend $28,107 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: 48/32/20 Blend
60$10,700,000$10,700,000$10,700,000$10,700,000
61$11,796,082$11,228,982$11,063,132$12,295,416
62$12,969,377$11,749,296$11,403,841$13,163,593
63$14,261,405$12,294,164$11,755,022$14,102,582
64$15,684,249$12,864,759$12,116,996$15,121,636
65$17,251,221$13,462,311$12,490,094$16,228,278
66$18,976,990$14,088,108$12,874,656$17,430,772
67$20,877,721$14,743,504$13,271,035$18,738,193
68$22,971,227$15,429,913$13,679,593$20,160,515
69$25,277,135$16,148,822$14,100,703$21,708,696
70$27,817,076$16,901,787$14,534,749$23,394,779
71$30,614,883$17,690,440$14,982,129$25,232,002
72$33,696,821$18,516,492$15,443,250$27,234,916
73$37,091,833$19,381,736$15,918,535$29,419,519
74$40,831,810$20,288,051$16,408,416$31,803,403
75$44,951,899$21,237,410$16,913,342$34,405,911
76$49,490,826$22,231,877$17,433,773$37,248,318
77$54,491,270$23,273,619$17,970,184$40,354,025
78$60,000,260$24,364,906$18,523,065$43,748,771
79$66,069,619$25,508,119$19,092,920$47,460,872
80$72,756,456$26,705,753$19,680,269$51,521,482
81$80,123,705$27,960,425$20,285,649$55,964,880
82$88,240,715$29,274,878$20,909,610$60,828,783
83$97,183,908$30,651,987$21,552,722$66,154,699
84$107,037,500$32,094,768$22,215,572$71,988,307
85$117,894,295$33,606,381$22,898,763$78,379,884
86$129,856,560$35,190,141$23,602,919$85,384,767
87$143,036,994$36,849,522$24,328,681$93,063,867
88$157,559,786$38,588,168$25,076,710$101,484,235
89$173,561,793$40,409,897$25,847,689$110,719,686
90$191,193,828$42,318,714$26,642,319$120,851,485
91$210,622,086$44,318,819$27,461,325$131,969,100
92$232,029,711$46,414,613$28,305,451$144,171,039
93$255,618,525$48,610,712$29,175,467$157,565,768
94$281,610,934$50,911,957$30,072,164$172,272,717
95$310,252,027$53,323,420$30,996,360$188,423,403
96$341,811,890$55,850,425$31,948,895$206,162,649
97$376,588,156$58,498,548$32,930,635$225,649,943
98$414,908,811$61,273,640$33,942,475$247,060,926
99$457,135,296$64,181,835$34,985,334$270,589,034
100$503,665,915$67,229,563$36,060,161$296,447,310