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

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 $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%17.3%
1 years$916,628$908,463$900,497$892,722$885,130$858,861
2 years$453,776$445,325$437,134$429,193$421,490$395,242
3 years$299,512$291,025$282,855$274,988$267,411$242,006
4 years$222,396$213,934$205,846$198,114$190,720$166,353
5 years$176,138$167,727$159,745$152,170$144,982$121,719
6 years$145,309$136,962$129,098$121,692$114,719$92,582
7 years$123,297$115,020$107,281$100,049$93,298$72,285
8 years$106,796$98,593$90,983$83,929$77,399$57,498
9 years$93,968$85,843$78,363$71,489$65,181$46,371
10 years$83,712$75,667$68,319$61,624$55,538$37,793
11 years$75,327$67,362$60,147$53,631$47,764$31,054
12 years$68,343$60,460$53,379$47,042$41,392$25,682
13 years$62,439$54,638$47,690$41,531$36,094$21,350
14 years$57,383$49,665$42,850$36,867$31,640$17,824
15 years$53,004$45,370$38,688$32,879$27,858$14,931
16 years$49,177$41,626$35,076$29,439$24,621$12,543
17 years$45,804$38,336$31,918$26,451$21,831$10,561
18 years$42,808$35,424$29,137$23,838$19,411$8,910
19 years$40,132$32,831$26,673$21,539$17,302$7,530
20 years$37,725$30,508$24,480$19,508$15,454$6,372
21 years$35,551$28,417$22,517$17,705$13,830$5,398
22 years$33,577$26,526$20,752$16,098$12,396$4,577
23 years$31,778$24,809$19,161$14,660$11,128$3,884
24 years$30,131$23,245$17,721$13,371$10,002$3,299
25 years$28,618$21,814$16,413$12,211$9,000$2,803
26 years$27,223$20,502$15,222$11,165$8,107$2,383
27 years$25,934$19,294$14,135$10,220$7,309$2,027
28 years$24,739$18,181$13,141$9,364$6,595$1,724
29 years$23,629$17,152$12,228$8,587$5,955$1,468
30 years$22,595$16,198$11,390$7,880$5,381$1,249
31 years$21,629$15,312$10,619$7,238$4,865$1,064
32 years$20,726$14,489$9,908$6,652$4,401$906
33 years$19,878$13,721$9,251$6,117$3,983$772
34 years$19,083$13,004$8,643$5,628$3,606$657
35 years$18,335$12,334$8,081$5,181$3,266$560
36 years$17,629$11,707$7,560$4,771$2,959$477
37 years$16,964$11,119$7,076$4,396$2,682$407
38 years$16,335$10,567$6,626$4,052$2,431$346
39 years$15,740$10,048$6,208$3,736$2,205$295
40 years$15,175$9,560$5,819$3,446$2,000$252
41 years$14,640$9,100$5,456$3,179$1,814$214
42 years$14,132$8,667$5,118$2,934$1,646$183
43 years$13,649$8,258$4,802$2,709$1,494$156
44 years$13,188$7,871$4,508$2,501$1,356$133
45 years$12,750$7,506$4,233$2,310$1,231$113
46 years$12,332$7,161$3,976$2,134$1,118$97
47 years$11,933$6,833$3,735$1,971$1,015$82
48 years$11,551$6,523$3,510$1,821$922$70
49 years$11,186$6,229$3,299$1,683$837$60
50 years$10,837$5,951$3,102$1,556$760$51

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 $2,914 every year, while hoping to spend $46,387 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: 51/27/22 Blend
60$11,100,000$11,100,000$11,100,000$11,100,000
61$12,235,206$11,646,906$11,474,856$12,784,003
62$13,433,841$12,168,249$11,809,908$13,685,304
63$14,753,183$12,713,583$12,154,630$14,659,747
64$16,205,494$13,284,035$12,509,296$15,718,301
65$17,804,286$13,880,784$12,874,190$16,868,958
66$19,564,449$14,505,069$13,249,601$18,120,502
67$21,502,389$15,158,183$13,635,828$19,482,588
68$23,636,183$15,841,484$14,033,179$20,965,832
69$25,985,751$16,556,394$14,441,968$22,581,903
70$28,573,044$17,304,403$14,862,519$24,343,633
71$31,422,247$18,087,072$15,295,167$26,265,133
72$34,560,015$18,906,037$15,740,254$28,361,925
73$38,015,714$19,763,011$16,198,130$30,651,080
74$41,821,709$20,659,790$16,669,159$33,151,376
75$46,013,659$21,598,255$17,153,711$35,883,474
76$50,630,861$22,580,379$17,652,170$38,870,104
77$55,716,617$23,608,226$18,164,926$42,136,278
78$61,318,646$24,683,963$18,692,385$45,709,519
79$67,489,527$25,809,857$19,234,959$49,620,115
80$74,287,205$26,988,285$19,793,076$53,901,402
81$81,775,528$28,221,740$20,367,173$58,590,071
82$90,024,858$29,512,831$20,957,699$63,726,507
83$99,112,729$30,864,295$21,565,117$69,355,165
84$109,124,581$32,278,999$22,189,902$75,524,987
85$120,154,565$33,759,947$22,832,541$82,289,848
86$132,306,435$35,310,289$23,493,535$89,709,066
87$145,694,524$36,933,325$24,173,401$97,847,951
88$160,444,821$38,632,514$24,872,666$106,778,411
89$176,696,167$40,411,481$25,591,874$116,579,629
90$194,601,558$42,274,026$26,331,584$127,338,794
91$214,329,594$44,224,131$27,092,369$139,151,922
92$236,066,068$46,265,968$27,874,819$152,124,748
93$260,015,721$48,403,914$28,679,539$166,373,717
94$286,404,172$50,642,553$29,507,151$182,027,073
95$315,480,050$52,986,691$30,358,293$199,226,058
96$347,517,342$55,441,366$31,233,623$218,126,231
97$382,817,974$58,011,857$32,133,813$238,898,933
98$421,714,668$60,703,698$33,059,556$261,732,884
99$464,574,076$63,522,691$34,011,563$286,835,955
100$511,800,247$66,474,918$34,990,565$314,437,117