Can I retire at age 61 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$900,112$892,094$884,272$876,637$869,181$835,355
2 years$445,600$437,301$429,258$421,460$413,896$380,225
3 years$294,116$285,781$277,758$270,033$262,593$230,138
4 years$218,389$210,079$202,137$194,544$187,283$156,291
5 years$172,964$164,705$156,867$149,428$142,370$112,919
6 years$142,691$134,494$126,772$119,499$112,652$84,763
7 years$121,076$112,948$105,348$98,247$91,616$65,279
8 years$104,872$96,817$89,343$82,417$76,005$51,193
9 years$92,275$84,297$76,951$70,201$64,007$40,685
10 years$82,204$74,303$67,088$60,514$54,537$32,660
11 years$73,969$66,148$59,063$52,665$46,904$26,422
12 years$67,112$59,371$52,417$46,194$40,646$21,505
13 years$61,314$53,654$46,831$40,783$35,444$17,588
14 years$56,349$48,770$42,078$36,202$31,070$14,439
15 years$52,049$44,552$37,991$32,286$27,356$11,891
16 years$48,291$40,876$34,444$28,909$24,178$9,817
17 years$44,978$37,645$31,343$25,974$21,438$8,122
18 years$42,037$34,786$28,612$23,408$19,061$6,731
19 years$39,408$32,239$26,193$21,151$16,990$5,585
20 years$37,046$29,958$24,039$19,156$15,176$4,640
21 years$34,911$27,905$22,111$17,386$13,580$3,859
22 years$32,972$26,048$20,379$15,808$12,173$3,211
23 years$31,205$24,362$18,816$14,396$10,927$2,674
24 years$29,588$22,826$17,402$13,130$9,822$2,228
25 years$28,102$21,421$16,117$11,991$8,838$1,857
26 years$26,733$20,132$14,948$10,964$7,961$1,549
27 years$25,467$18,947$13,881$10,036$7,177$1,292
28 years$24,294$17,853$12,904$9,195$6,476$1,078
29 years$23,203$16,843$12,008$8,432$5,848$899
30 years$22,188$15,906$11,185$7,738$5,284$751
31 years$21,239$15,037$10,428$7,107$4,777$627
32 years$20,352$14,228$9,729$6,532$4,321$523
33 years$19,520$13,474$9,084$6,006$3,911$437
34 years$18,739$12,770$8,488$5,526$3,541$365
35 years$18,004$12,112$7,935$5,087$3,207$305
36 years$17,312$11,496$7,423$4,685$2,906$254
37 years$16,658$10,919$6,948$4,317$2,634$213
38 years$16,041$10,377$6,507$3,979$2,388$178
39 years$15,456$9,867$6,096$3,669$2,165$148
40 years$14,902$9,388$5,714$3,384$1,964$124
41 years$14,376$8,936$5,358$3,122$1,782$103
42 years$13,877$8,511$5,026$2,881$1,617$86
43 years$13,403$8,109$4,716$2,660$1,467$72
44 years$12,951$7,730$4,427$2,456$1,332$60
45 years$12,520$7,371$4,157$2,268$1,209$50
46 years$12,110$7,032$3,904$2,095$1,098$42
47 years$11,718$6,710$3,668$1,936$997$35
48 years$11,343$6,406$3,447$1,789$905$29
49 years$10,985$6,117$3,240$1,653$822$25
50 years$10,642$5,843$3,046$1,528$747$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,900,000, adding $6,306 every year, while hoping to spend $20,256 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: 55/28/17 Blend
60$10,900,000$10,900,000$10,900,000$10,900,000
61$12,018,305$11,440,605$11,271,655$12,624,511
62$13,222,619$11,979,642$11,627,703$13,577,447
63$14,549,096$12,544,413$11,995,000$14,611,892
64$16,010,172$13,136,158$12,373,901$15,737,882
65$17,619,556$13,756,176$12,764,773$16,964,170
66$19,392,352$14,405,830$13,167,994$18,300,378
67$21,345,204$15,086,548$13,583,954$19,757,082
68$23,496,455$15,799,829$14,013,057$21,345,911
69$25,866,315$16,547,243$14,455,716$23,079,649
70$28,477,058$17,330,436$14,912,361$24,972,354
71$31,353,226$18,151,136$15,383,434$27,039,486
72$34,521,866$19,011,153$15,869,390$29,298,051
73$38,012,782$19,912,385$16,370,700$31,766,752
74$41,858,816$20,856,822$16,887,848$34,466,166
75$46,096,161$21,846,551$17,421,337$37,418,929
76$50,764,698$22,883,762$17,971,681$40,649,949
77$55,908,379$23,970,747$18,539,413$44,186,630
78$61,575,634$25,109,914$19,125,084$48,059,131
79$67,819,834$26,303,785$19,729,259$52,300,639
80$74,699,792$27,555,006$20,352,525$56,947,681
81$82,280,319$28,866,349$20,995,483$62,040,461
82$90,632,836$30,240,725$21,658,756$67,623,229
83$99,836,048$31,681,183$22,342,987$73,744,698
84$109,976,685$33,190,921$23,048,837$80,458,491
85$121,150,324$34,773,293$23,776,990$87,823,643
86$133,462,288$36,431,816$24,528,151$95,905,146
87$147,028,644$38,170,178$25,303,046$104,774,559
88$161,977,294$39,992,245$26,102,427$114,510,671
89$178,449,186$41,902,073$26,927,066$125,200,239
90$196,599,642$43,903,914$27,777,762$136,938,793
91$216,599,827$46,002,227$28,655,338$149,831,530
92$238,638,362$48,201,689$29,560,645$163,994,296
93$262,923,107$50,507,203$30,494,558$179,554,669
94$289,683,119$52,923,911$31,457,981$196,653,150
95$319,170,821$55,457,207$32,451,848$215,444,482
96$351,664,380$58,112,745$33,477,119$236,099,090
97$387,470,333$60,896,456$34,534,789$258,804,684
98$426,926,483$63,814,558$35,625,880$283,768,013
99$470,405,087$66,873,574$36,751,450$311,216,802
100$518,316,369$70,080,343$37,912,587$341,401,890