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%11.5%
1 years$916,628$908,463$900,497$892,722$885,130$879,551
2 years$453,776$445,325$437,134$429,193$421,490$415,863
3 years$299,512$291,025$282,855$274,988$267,411$261,910
4 years$222,396$213,934$205,846$198,114$190,720$185,386
5 years$176,138$167,727$159,745$152,170$144,982$139,833
6 years$145,309$136,962$129,098$121,692$114,719$109,760
7 years$123,297$115,020$107,281$100,049$93,298$88,531
8 years$106,796$98,593$90,983$83,929$77,399$72,826
9 years$93,968$85,843$78,363$71,489$65,181$60,800
10 years$83,712$75,667$68,319$61,624$55,538$51,346
11 years$75,327$67,362$60,147$53,631$47,764$43,759
12 years$68,343$60,460$53,379$47,042$41,392$37,569
13 years$62,439$54,638$47,690$41,531$36,094$32,451
14 years$57,383$49,665$42,850$36,867$31,640$28,172
15 years$53,004$45,370$38,688$32,879$27,858$24,561
16 years$49,177$41,626$35,076$29,439$24,621$21,490
17 years$45,804$38,336$31,918$26,451$21,831$18,860
18 years$42,808$35,424$29,137$23,838$19,411$16,596
19 years$40,132$32,831$26,673$21,539$17,302$14,636
20 years$37,725$30,508$24,480$19,508$15,454$12,934
21 years$35,551$28,417$22,517$17,705$13,830$11,449
22 years$33,577$26,526$20,752$16,098$12,396$10,149
23 years$31,778$24,809$19,161$14,660$11,128$9,009
24 years$30,131$23,245$17,721$13,371$10,002$8,007
25 years$28,618$21,814$16,413$12,211$9,000$7,123
26 years$27,223$20,502$15,222$11,165$8,107$6,342
27 years$25,934$19,294$14,135$10,220$7,309$5,651
28 years$24,739$18,181$13,141$9,364$6,595$5,039
29 years$23,629$17,152$12,228$8,587$5,955$4,497
30 years$22,595$16,198$11,390$7,880$5,381$4,014
31 years$21,629$15,312$10,619$7,238$4,865$3,586
32 years$20,726$14,489$9,908$6,652$4,401$3,204
33 years$19,878$13,721$9,251$6,117$3,983$2,864
34 years$19,083$13,004$8,643$5,628$3,606$2,561
35 years$18,335$12,334$8,081$5,181$3,266$2,291
36 years$17,629$11,707$7,560$4,771$2,959$2,050
37 years$16,964$11,119$7,076$4,396$2,682$1,835
38 years$16,335$10,567$6,626$4,052$2,431$1,643
39 years$15,740$10,048$6,208$3,736$2,205$1,471
40 years$15,175$9,560$5,819$3,446$2,000$1,317
41 years$14,640$9,100$5,456$3,179$1,814$1,180
42 years$14,132$8,667$5,118$2,934$1,646$1,057
43 years$13,649$8,258$4,802$2,709$1,494$947
44 years$13,188$7,871$4,508$2,501$1,356$848
45 years$12,750$7,506$4,233$2,310$1,231$760
46 years$12,332$7,161$3,976$2,134$1,118$681
47 years$11,933$6,833$3,735$1,971$1,015$610
48 years$11,551$6,523$3,510$1,821$922$547
49 years$11,186$6,229$3,299$1,683$837$490
50 years$10,837$5,951$3,102$1,556$760$440

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 $2,004 every year, while hoping to spend $25,336 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: 77/10/13 Blend
60$11,100,000$11,100,000$11,100,000$11,100,000
61$12,234,267$11,645,967$11,473,917$13,144,324
62$13,455,205$12,189,662$11,831,336$14,287,941
63$14,799,830$12,759,149$12,199,879$15,538,238
64$16,280,730$13,355,665$12,579,893$16,908,549
65$17,911,778$13,980,507$12,971,733$18,410,830
66$19,708,262$14,635,034$13,375,769$20,058,244
67$21,687,026$15,320,671$13,792,378$21,865,286
68$23,866,631$16,038,914$14,221,952$23,847,915
69$26,267,534$16,791,327$14,664,894$26,023,706
70$28,912,274$17,579,553$15,121,619$28,412,015
71$31,825,689$18,405,314$15,592,556$31,034,154
72$35,035,150$19,270,415$16,078,148$33,913,600
73$38,570,818$20,176,748$16,578,848$37,076,203
74$42,465,930$21,126,297$17,095,128$40,550,438
75$46,757,111$22,121,142$17,627,471$44,367,667
76$51,484,721$23,163,464$18,176,376$48,562,434
77$56,693,238$24,255,548$18,742,360$53,172,785
78$62,431,670$25,399,792$19,325,951$58,240,633
79$68,754,028$26,598,709$19,927,698$63,812,143
80$75,719,828$27,854,935$20,548,165$69,938,170
81$83,394,655$29,171,232$21,187,933$76,674,734
82$91,850,785$30,550,497$21,847,603$84,083,547
83$101,167,860$31,995,766$22,527,793$92,232,593
84$111,433,648$33,510,225$23,229,141$101,196,764
85$122,744,867$35,097,213$23,952,304$111,058,569
86$135,208,097$36,760,230$24,697,960$121,908,903
87$148,940,789$38,502,947$25,466,807$133,847,908
88$164,072,372$40,329,214$26,259,568$146,985,910
89$180,745,474$42,243,066$27,076,984$161,444,458
90$199,117,271$44,248,735$27,919,821$177,357,469
91$219,360,967$46,350,658$28,788,870$194,872,486
92$241,667,434$48,553,488$29,684,945$214,152,067
93$266,247,007$50,862,103$30,608,885$235,375,316
94$293,331,475$53,281,620$31,561,556$258,739,569
95$323,176,268$55,817,402$32,543,851$284,462,251
96$356,062,867$58,475,074$33,556,690$312,782,923
97$392,301,462$61,260,535$34,601,021$343,965,540
98$432,233,879$64,179,969$35,677,823$378,300,937
99$476,236,809$67,239,862$36,788,105$416,109,565
100$524,725,363$70,447,015$37,932,906$457,744,518