Can I retire at age 61 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$916,628$908,463$900,497$892,722$885,130$870,108
2 years$453,776$445,325$437,134$429,193$421,490$406,403
3 years$299,512$291,025$282,855$274,988$267,411$252,727
4 years$222,396$213,934$205,846$198,114$190,720$176,552
5 years$176,138$167,727$159,745$152,170$144,982$131,372
6 years$145,309$136,962$129,098$121,692$114,719$101,683
7 years$123,297$115,020$107,281$100,049$93,298$80,838
8 years$106,796$98,593$90,983$83,929$77,399$65,514
9 years$93,968$85,843$78,363$71,489$65,181$53,863
10 years$83,712$75,667$68,319$61,624$55,538$44,778
11 years$75,327$67,362$60,147$53,631$47,764$37,551
12 years$68,343$60,460$53,379$47,042$41,392$31,711
13 years$62,439$54,638$47,690$41,531$36,094$26,932
14 years$57,383$49,665$42,850$36,867$31,640$22,980
15 years$53,004$45,370$38,688$32,879$27,858$19,685
16 years$49,177$41,626$35,076$29,439$24,621$16,917
17 years$45,804$38,336$31,918$26,451$21,831$14,578
18 years$42,808$35,424$29,137$23,838$19,411$12,592
19 years$40,132$32,831$26,673$21,539$17,302$10,897
20 years$37,725$30,508$24,480$19,508$15,454$9,447
21 years$35,551$28,417$22,517$17,705$13,830$8,202
22 years$33,577$26,526$20,752$16,098$12,396$7,129
23 years$31,778$24,809$19,161$14,660$11,128$6,204
24 years$30,131$23,245$17,721$13,371$10,002$5,403
25 years$28,618$21,814$16,413$12,211$9,000$4,710
26 years$27,223$20,502$15,222$11,165$8,107$4,108
27 years$25,934$19,294$14,135$10,220$7,309$3,586
28 years$24,739$18,181$13,141$9,364$6,595$3,131
29 years$23,629$17,152$12,228$8,587$5,955$2,736
30 years$22,595$16,198$11,390$7,880$5,381$2,391
31 years$21,629$15,312$10,619$7,238$4,865$2,091
32 years$20,726$14,489$9,908$6,652$4,401$1,828
33 years$19,878$13,721$9,251$6,117$3,983$1,600
34 years$19,083$13,004$8,643$5,628$3,606$1,400
35 years$18,335$12,334$8,081$5,181$3,266$1,225
36 years$17,629$11,707$7,560$4,771$2,959$1,072
37 years$16,964$11,119$7,076$4,396$2,682$939
38 years$16,335$10,567$6,626$4,052$2,431$822
39 years$15,740$10,048$6,208$3,736$2,205$720
40 years$15,175$9,560$5,819$3,446$2,000$630
41 years$14,640$9,100$5,456$3,179$1,814$552
42 years$14,132$8,667$5,118$2,934$1,646$484
43 years$13,649$8,258$4,802$2,709$1,494$424
44 years$13,188$7,871$4,508$2,501$1,356$371
45 years$12,750$7,506$4,233$2,310$1,231$325
46 years$12,332$7,161$3,976$2,134$1,118$285
47 years$11,933$6,833$3,735$1,971$1,015$250
48 years$11,551$6,523$3,510$1,821$922$219
49 years$11,186$6,229$3,299$1,683$837$192
50 years$10,837$5,951$3,102$1,556$760$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,100,000, adding $5,751 every year, while hoping to spend $42,062 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: 81/7/12 Blend
60$11,100,000$11,100,000$11,100,000$11,100,000
61$12,238,132$11,649,832$11,477,782$13,202,389
62$13,441,668$12,175,920$11,817,534$14,362,021
63$14,766,555$12,726,377$12,167,258$15,628,561
64$16,225,126$13,302,352$12,527,244$17,017,581
65$17,830,971$13,905,050$12,897,789$18,541,337
66$19,599,066$14,535,732$13,279,200$20,213,326
67$21,545,910$15,195,723$13,671,793$22,048,415
68$23,689,686$15,886,406$14,075,891$24,062,973
69$26,050,429$16,609,235$14,491,829$26,275,035
70$28,650,216$17,365,731$14,919,948$28,704,459
71$31,513,375$18,157,489$15,360,603$31,373,124
72$34,666,712$18,986,179$15,814,157$34,305,124
73$38,139,768$19,853,553$16,280,982$37,527,003
74$41,965,092$20,761,445$16,761,463$41,067,998
75$46,178,554$21,711,778$17,255,994$44,960,318
76$50,819,679$22,706,568$17,764,983$49,239,441
77$55,932,023$23,747,927$18,288,846$53,944,454
78$61,563,581$24,838,067$18,828,015$59,118,414
79$67,767,242$25,979,308$19,382,929$64,808,757
80$74,601,289$27,174,082$19,954,045$71,067,741
81$82,129,944$28,424,936$20,541,830$77,952,938
82$90,423,982$29,734,541$21,146,764$85,527,779
83$99,561,389$31,105,695$21,769,342$93,862,144
84$109,628,108$32,541,332$22,410,073$103,033,024
85$120,718,844$34,044,525$23,069,478$113,125,247
86$132,937,958$35,618,499$23,748,098$124,232,271
87$146,400,453$37,266,629$24,446,483$136,457,067
88$161,233,062$38,992,457$25,165,203$149,913,089
89$177,575,440$40,799,692$25,904,843$164,725,342
90$195,581,484$42,692,226$26,666,003$181,031,558
91$215,420,784$44,674,134$27,449,303$198,983,493
92$237,280,228$46,749,690$28,255,379$218,748,359
93$261,365,760$48,923,374$29,084,883$240,510,398
94$287,904,330$51,199,882$29,938,489$264,472,616
95$317,146,030$53,584,135$30,816,887$290,858,700
96$349,366,461$56,081,293$31,720,788$319,915,123
97$384,869,329$58,696,765$32,650,924$351,913,467
98$423,989,315$61,436,222$33,608,045$387,152,986
99$467,095,235$64,305,606$34,592,924$425,963,423
100$514,593,517$67,311,149$35,606,355$468,708,122