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

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$924,886$916,647$908,609$900,764$893,104$857,669
2 years$457,864$449,337$441,073$433,060$425,287$390,027
3 years$302,211$293,647$285,403$277,466$269,820$235,844
4 years$224,399$215,861$207,700$199,898$192,438$160,004
5 years$177,725$169,238$161,184$153,541$146,288$115,480
6 years$146,618$138,195$130,261$122,788$115,753$86,590
7 years$124,408$116,056$108,247$100,951$94,138$66,610
8 years$107,758$99,482$91,802$84,685$78,097$52,175
9 years$94,815$86,617$79,069$72,133$65,769$41,414
10 years$84,467$76,348$68,934$62,179$56,038$33,203
11 years$76,005$67,969$60,689$54,115$48,195$26,826
12 years$68,959$61,005$53,860$47,466$41,764$21,805
13 years$63,002$55,131$48,120$41,905$36,419$17,808
14 years$57,900$50,112$43,236$37,199$31,925$14,600
15 years$53,482$45,778$39,036$33,175$28,109$12,006
16 years$49,620$42,001$35,392$29,704$24,843$9,898
17 years$46,216$38,681$32,205$26,689$22,028$8,177
18 years$43,194$35,743$29,399$24,052$19,586$6,766
19 years$40,493$33,126$26,914$21,733$17,457$5,606
20 years$38,065$30,783$24,700$19,684$15,593$4,650
21 years$35,871$28,673$22,719$17,864$13,954$3,861
22 years$33,880$26,765$20,939$16,243$12,508$3,208
23 years$32,064$25,033$19,334$14,793$11,228$2,667
24 years$30,402$23,454$17,881$13,492$10,092$2,219
25 years$28,875$22,010$16,561$12,321$9,081$1,847
26 years$27,468$20,686$15,359$11,266$8,180$1,537
27 years$26,168$19,468$14,263$10,312$7,375$1,280
28 years$24,962$18,345$13,259$9,448$6,655$1,066
29 years$23,842$17,306$12,339$8,664$6,009$889
30 years$22,798$16,344$11,493$7,951$5,429$740
31 years$21,824$15,450$10,715$7,303$4,909$617
32 years$20,912$14,619$9,997$6,711$4,440$514
33 years$20,058$13,845$9,334$6,172$4,018$429
34 years$19,255$13,122$8,721$5,679$3,638$357
35 years$18,500$12,446$8,154$5,227$3,295$298
36 years$17,788$11,813$7,628$4,814$2,986$248
37 years$17,117$11,219$7,139$4,436$2,706$207
38 years$16,482$10,662$6,686$4,089$2,453$173
39 years$15,881$10,139$6,264$3,770$2,225$144
40 years$15,312$9,646$5,871$3,477$2,018$120
41 years$14,772$9,182$5,505$3,208$1,831$100
42 years$14,259$8,745$5,164$2,961$1,661$84
43 years$13,771$8,332$4,846$2,733$1,508$70
44 years$13,307$7,942$4,549$2,524$1,368$58
45 years$12,865$7,574$4,271$2,331$1,242$48
46 years$12,443$7,225$4,011$2,153$1,128$40
47 years$12,040$6,895$3,769$1,989$1,024$34
48 years$11,655$6,582$3,541$1,838$930$28
49 years$11,287$6,286$3,329$1,698$845$23
50 years$10,935$6,004$3,130$1,570$767$20

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 $2,330 every year, while hoping to spend $23,790 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: 70/17/13 Blend
60$11,200,000$11,200,000$11,200,000$11,200,000
61$12,344,803$11,751,203$11,577,603$13,173,680
62$13,578,661$12,301,700$11,940,141$14,274,687
63$14,937,575$12,878,374$12,314,026$15,476,092
64$16,434,275$13,482,482$12,699,613$16,790,252
65$18,082,791$14,115,343$13,097,270$18,228,273
66$19,898,580$14,778,339$13,507,373$19,802,378
67$21,898,677$15,472,919$13,930,312$21,526,017
68$24,101,852$16,200,603$14,366,488$23,413,995
69$26,528,791$16,962,983$14,816,315$25,482,609
70$29,202,288$17,761,728$15,280,221$27,749,796
71$32,147,459$18,598,591$15,758,646$30,235,303
72$35,391,983$19,475,405$16,252,045$32,960,871
73$38,966,362$20,394,097$16,760,885$35,950,433
74$42,904,205$21,356,682$17,285,649$39,230,343
75$47,242,552$22,365,278$17,826,836$42,829,615
76$52,022,217$23,422,101$18,384,960$46,780,199
77$57,288,177$24,529,478$18,960,550$51,117,276
78$63,089,996$25,689,846$19,554,153$55,879,587
79$69,482,290$26,905,763$20,166,331$61,109,797
80$76,525,247$28,179,909$20,797,667$66,854,889
81$84,285,192$29,515,095$21,448,759$73,166,609
82$92,835,215$30,914,268$22,120,225$80,101,947
83$102,255,857$32,380,517$22,812,703$87,723,669
84$112,635,875$33,917,083$23,526,850$96,100,909
85$124,073,078$35,527,364$24,263,343$105,309,812
86$136,675,248$37,214,921$25,022,881$115,434,253
87$150,561,162$38,983,490$25,806,185$126,566,617
88$165,861,707$40,836,988$26,613,999$138,808,672
89$182,721,122$42,779,521$27,447,089$152,272,516
90$201,298,354$44,815,396$28,306,245$167,081,638
91$221,768,565$46,949,129$29,192,283$183,372,070
92$244,324,777$49,185,455$30,106,043$201,293,669
93$269,179,701$51,529,339$31,048,392$221,011,522
94$296,567,742$53,985,988$32,020,224$242,707,497
95$326,747,212$56,560,861$33,022,462$266,581,954
96$360,002,769$59,259,685$34,056,056$292,855,627
97$396,648,105$62,088,462$35,121,987$321,771,700
98$437,028,903$65,053,489$36,221,265$353,598,093
99$481,526,108$68,161,366$37,354,934$388,629,983
100$530,559,515$71,419,018$38,524,069$427,192,581