Can I retire at age 61 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$924,886$916,647$908,609$900,764$893,104$870,454
2 years$457,864$449,337$441,073$433,060$425,287$402,615
3 years$302,211$293,647$285,403$277,466$269,820$247,834
4 years$224,399$215,861$207,700$199,898$192,438$171,308
5 years$177,725$169,238$161,184$153,541$146,288$126,073
6 years$146,618$138,195$130,261$122,788$115,753$96,472
7 years$124,408$116,056$108,247$100,951$94,138$75,793
8 years$107,758$99,482$91,802$84,685$78,097$60,679
9 years$94,815$86,617$79,069$72,133$65,769$49,264
10 years$84,467$76,348$68,934$62,179$56,038$40,427
11 years$76,005$67,969$60,689$54,115$48,195$33,454
12 years$68,959$61,005$53,860$47,466$41,764$27,868
13 years$63,002$55,131$48,120$41,905$36,419$23,340
14 years$57,900$50,112$43,236$37,199$31,925$19,633
15 years$53,482$45,778$39,036$33,175$28,109$16,574
16 years$49,620$42,001$35,392$29,704$24,843$14,033
17 years$46,216$38,681$32,205$26,689$22,028$11,912
18 years$43,194$35,743$29,399$24,052$19,586$10,132
19 years$40,493$33,126$26,914$21,733$17,457$8,633
20 years$38,065$30,783$24,700$19,684$15,593$7,366
21 years$35,871$28,673$22,719$17,864$13,954$6,294
22 years$33,880$26,765$20,939$16,243$12,508$5,383
23 years$32,064$25,033$19,334$14,793$11,228$4,608
24 years$30,402$23,454$17,881$13,492$10,092$3,947
25 years$28,875$22,010$16,561$12,321$9,081$3,384
26 years$27,468$20,686$15,359$11,266$8,180$2,902
27 years$26,168$19,468$14,263$10,312$7,375$2,491
28 years$24,962$18,345$13,259$9,448$6,655$2,138
29 years$23,842$17,306$12,339$8,664$6,009$1,836
30 years$22,798$16,344$11,493$7,951$5,429$1,577
31 years$21,824$15,450$10,715$7,303$4,909$1,355
32 years$20,912$14,619$9,997$6,711$4,440$1,165
33 years$20,058$13,845$9,334$6,172$4,018$1,001
34 years$19,255$13,122$8,721$5,679$3,638$861
35 years$18,500$12,446$8,154$5,227$3,295$740
36 years$17,788$11,813$7,628$4,814$2,986$636
37 years$17,117$11,219$7,139$4,436$2,706$547
38 years$16,482$10,662$6,686$4,089$2,453$471
39 years$15,881$10,139$6,264$3,770$2,225$405
40 years$15,312$9,646$5,871$3,477$2,018$348
41 years$14,772$9,182$5,505$3,208$1,831$300
42 years$14,259$8,745$5,164$2,961$1,661$258
43 years$13,771$8,332$4,846$2,733$1,508$222
44 years$13,307$7,942$4,549$2,524$1,368$191
45 years$12,865$7,574$4,271$2,331$1,242$164
46 years$12,443$7,225$4,011$2,153$1,128$141
47 years$12,040$6,895$3,769$1,989$1,024$122
48 years$11,655$6,582$3,541$1,838$930$105
49 years$11,287$6,286$3,329$1,698$845$90
50 years$10,935$6,004$3,130$1,570$767$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,200,000, adding $2,511 every year, while hoping to spend $39,648 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: 63/21/16 Blend
60$11,200,000$11,200,000$11,200,000$11,200,000
61$12,344,990$11,751,390$11,577,790$13,073,643
62$13,561,994$12,285,023$11,923,461$14,096,852
63$14,901,803$12,843,475$12,279,383$15,209,011
64$16,376,903$13,427,921$12,645,857$16,422,571
65$18,001,048$14,039,590$13,023,195$17,747,404
66$19,789,398$14,679,773$13,411,715$19,194,372
67$21,758,655$15,349,821$13,811,746$20,775,423
68$23,927,225$16,051,149$14,223,627$22,503,702
69$26,315,388$16,785,242$14,647,705$24,393,675
70$28,945,493$17,553,654$15,084,338$26,461,259
71$31,842,166$18,358,015$15,533,896$28,723,971
72$35,032,542$19,200,034$15,996,757$31,201,089
73$38,546,525$20,081,499$16,473,312$33,913,833
74$42,417,065$21,004,287$16,963,962$36,885,558
75$46,680,473$21,970,363$17,469,121$40,141,975
76$51,376,759$22,981,789$17,989,215$43,711,387
77$56,550,015$24,040,723$18,524,680$47,624,953
78$62,248,827$25,149,429$19,075,967$51,916,977
79$68,526,735$26,310,279$19,643,540$56,625,229
80$75,442,738$27,525,759$20,227,875$61,791,298
81$83,061,852$28,798,475$20,829,463$67,460,974
82$91,455,719$30,131,159$21,448,809$73,684,684
83$100,703,291$31,526,674$22,086,432$80,517,956
84$110,891,565$32,988,020$22,742,867$88,021,939
85$122,116,415$34,518,343$23,418,663$96,263,978
86$134,483,488$36,120,941$24,114,386$105,318,239
87$148,109,204$37,799,268$24,830,619$115,266,408
88$163,121,859$39,556,947$25,567,961$126,198,450
89$179,662,828$41,397,777$26,327,027$138,213,457
90$197,887,906$43,325,738$27,108,451$151,420,571
91$217,968,775$45,345,002$27,912,887$165,940,014
92$240,094,626$47,459,943$28,741,005$181,904,206
93$264,473,945$49,675,147$29,593,496$199,459,016
94$291,336,479$51,995,421$30,471,069$218,765,125
95$320,935,406$54,425,803$31,374,456$239,999,536
96$353,549,726$56,971,575$32,304,409$263,357,235
97$389,486,892$59,638,277$33,261,701$289,053,022
98$429,085,715$62,431,712$34,247,128$317,323,531
99$472,719,559$65,357,967$35,261,508$348,429,450
100$520,799,869$68,423,422$36,305,683$382,657,975