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%18.6%
1 years$916,628$908,463$900,497$892,722$885,130$854,404
2 years$453,776$445,325$437,134$429,193$421,490$390,853
3 years$299,512$291,025$282,855$274,988$267,411$237,824
4 years$222,396$213,934$205,846$198,114$190,720$162,409
5 years$176,138$167,727$159,745$152,170$144,982$118,023
6 years$145,309$136,962$129,098$121,692$114,719$89,132
7 years$123,297$115,020$107,281$100,049$93,298$69,077
8 years$106,796$98,593$90,983$83,929$77,399$54,527
9 years$93,968$85,843$78,363$71,489$65,181$43,628
10 years$83,712$75,667$68,319$61,624$55,538$35,267
11 years$75,327$67,362$60,147$53,631$47,764$28,736
12 years$68,343$60,460$53,379$47,042$41,392$23,561
13 years$62,439$54,638$47,690$41,531$36,094$19,415
14 years$57,383$49,665$42,850$36,867$31,640$16,062
15 years$53,004$45,370$38,688$32,879$27,858$13,332
16 years$49,177$41,626$35,076$29,439$24,621$11,095
17 years$45,804$38,336$31,918$26,451$21,831$9,254
18 years$42,808$35,424$29,137$23,838$19,411$7,732
19 years$40,132$32,831$26,673$21,539$17,302$6,470
20 years$37,725$30,508$24,480$19,508$15,454$5,421
21 years$35,551$28,417$22,517$17,705$13,830$4,546
22 years$33,577$26,526$20,752$16,098$12,396$3,816
23 years$31,778$24,809$19,161$14,660$11,128$3,206
24 years$30,131$23,245$17,721$13,371$10,002$2,694
25 years$28,618$21,814$16,413$12,211$9,000$2,266
26 years$27,223$20,502$15,222$11,165$8,107$1,906
27 years$25,934$19,294$14,135$10,220$7,309$1,604
28 years$24,739$18,181$13,141$9,364$6,595$1,350
29 years$23,629$17,152$12,228$8,587$5,955$1,137
30 years$22,595$16,198$11,390$7,880$5,381$958
31 years$21,629$15,312$10,619$7,238$4,865$807
32 years$20,726$14,489$9,908$6,652$4,401$680
33 years$19,878$13,721$9,251$6,117$3,983$573
34 years$19,083$13,004$8,643$5,628$3,606$483
35 years$18,335$12,334$8,081$5,181$3,266$407
36 years$17,629$11,707$7,560$4,771$2,959$343
37 years$16,964$11,119$7,076$4,396$2,682$289
38 years$16,335$10,567$6,626$4,052$2,431$244
39 years$15,740$10,048$6,208$3,736$2,205$205
40 years$15,175$9,560$5,819$3,446$2,000$173
41 years$14,640$9,100$5,456$3,179$1,814$146
42 years$14,132$8,667$5,118$2,934$1,646$123
43 years$13,649$8,258$4,802$2,709$1,494$104
44 years$13,188$7,871$4,508$2,501$1,356$87
45 years$12,750$7,506$4,233$2,310$1,231$74
46 years$12,332$7,161$3,976$2,134$1,118$62
47 years$11,933$6,833$3,735$1,971$1,015$52
48 years$11,551$6,523$3,510$1,821$922$44
49 years$11,186$6,229$3,299$1,683$837$37
50 years$10,837$5,951$3,102$1,556$760$31

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 $6,713 every year, while hoping to spend $53,663 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: 74/14/12 Blend
60$11,100,000$11,100,000$11,100,000$11,100,000
61$12,239,124$11,650,824$11,478,774$13,114,801
62$13,430,418$12,164,618$11,806,216$14,207,871
63$14,741,425$12,701,789$12,142,829$15,397,762
64$16,184,300$13,263,425$12,488,863$16,699,955
65$17,772,434$13,850,669$12,844,576$18,125,570
66$19,520,584$14,464,713$13,210,230$19,686,848
67$21,445,009$15,106,810$13,586,099$21,397,268
68$23,563,625$15,778,269$13,972,458$23,271,665
69$25,896,174$16,480,463$14,369,595$25,326,376
70$28,464,408$17,214,830$14,777,800$27,579,387
71$31,292,297$17,982,875$15,197,376$30,050,504
72$34,406,252$18,786,178$15,628,629$32,761,535
73$37,835,379$19,626,390$16,071,877$35,736,496
74$41,611,747$20,505,242$16,527,445$39,001,835
75$45,770,695$21,424,549$16,995,664$42,586,677
76$50,351,164$22,386,209$17,476,876$46,523,100
77$55,396,064$23,392,215$17,971,433$50,846,432
78$60,952,680$24,444,651$18,479,694$55,595,584
79$67,073,117$25,545,703$19,002,027$60,813,413
80$73,814,791$26,697,659$19,538,811$66,547,125
81$81,240,973$27,902,917$20,090,435$72,848,716
82$89,421,383$29,163,991$20,657,295$79,775,460
83$98,432,851$30,483,513$21,239,801$87,390,448
84$108,360,039$31,864,242$21,838,372$95,763,177
85$119,296,241$33,309,069$22,453,436$104,970,207
86$131,344,266$34,821,021$23,085,434$115,095,873
87$144,617,403$36,403,273$23,734,818$126,233,084
88$159,240,495$38,059,150$24,402,051$138,484,192
89$175,351,114$39,792,137$25,087,608$151,961,957
90$193,100,861$41,605,885$25,791,977$166,790,602
91$212,656,796$43,504,221$26,515,655$183,106,987
92$234,203,016$45,491,154$27,259,155$201,061,889
93$257,942,389$47,570,886$28,023,003$220,821,429
94$284,098,474$49,747,821$28,807,735$242,568,627
95$312,917,628$52,026,574$29,613,904$266,505,128
96$344,671,331$54,411,980$30,442,074$292,853,100
97$379,658,748$56,909,109$31,292,825$321,857,324
98$418,209,557$59,523,272$32,166,751$353,787,497
99$460,687,055$62,260,035$33,064,460$388,940,777
100$507,491,592$65,125,234$33,986,577$427,644,574