Can I retire at age 61 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$933,143$924,831$916,722$908,807$901,078$875,039
2 years$461,952$453,349$445,011$436,926$429,085$403,058
3 years$304,909$296,268$287,951$279,943$272,229$247,030
4 years$226,403$217,789$209,555$201,683$194,156$169,978
5 years$179,311$170,749$162,623$154,912$147,594$124,503
6 years$147,927$139,429$131,424$123,884$116,786$94,803
7 years$125,519$117,093$109,214$101,852$94,979$74,103
8 years$108,720$100,370$92,622$85,441$78,794$59,014
9 years$95,662$87,390$79,775$72,777$66,356$47,652
10 years$85,221$77,030$69,550$62,734$56,538$38,885
11 years$76,684$68,575$61,231$54,598$48,625$31,992
12 years$69,575$61,550$54,341$47,890$42,137$26,493
13 years$63,564$55,623$48,550$42,279$36,745$22,054
14 years$58,417$50,560$43,622$37,531$32,210$18,437
15 years$53,959$46,187$39,385$33,471$28,360$15,466
16 years$50,063$42,376$35,708$29,970$25,065$13,011
17 years$46,629$39,027$32,493$26,927$22,224$10,972
18 years$43,580$36,062$29,662$24,267$19,761$9,271
19 years$40,855$33,422$27,154$21,927$17,613$7,846
20 years$38,405$31,057$24,921$19,859$15,732$6,649
21 years$36,192$28,929$22,922$18,024$14,079$5,642
22 years$34,182$27,004$21,126$16,388$12,620$4,791
23 years$32,350$25,256$19,506$14,925$11,328$4,073
24 years$30,673$23,664$18,040$13,612$10,182$3,464
25 years$29,133$22,207$16,709$12,431$9,162$2,948
26 years$27,714$20,871$15,497$11,367$8,253$2,511
27 years$26,402$19,642$14,390$10,404$7,441$2,139
28 years$25,185$18,509$13,377$9,532$6,714$1,823
29 years$24,055$17,461$12,449$8,741$6,063$1,554
30 years$23,002$16,490$11,596$8,022$5,478$1,325
31 years$22,019$15,588$10,810$7,368$4,953$1,130
32 years$21,099$14,750$10,086$6,771$4,480$964
33 years$20,237$13,968$9,417$6,227$4,054$822
34 years$19,427$13,239$8,799$5,729$3,671$702
35 years$18,665$12,557$8,227$5,274$3,325$599
36 years$17,947$11,918$7,696$4,857$3,012$511
37 years$17,269$11,320$7,203$4,475$2,730$436
38 years$16,629$10,758$6,745$4,125$2,475$372
39 years$16,023$10,229$6,320$3,803$2,245$318
40 years$15,449$9,732$5,923$3,508$2,036$271
41 years$14,904$9,264$5,554$3,237$1,847$232
42 years$14,387$8,823$5,210$2,987$1,676$198
43 years$13,894$8,407$4,889$2,757$1,521$169
44 years$13,426$8,013$4,589$2,546$1,381$144
45 years$12,980$7,641$4,309$2,351$1,253$123
46 years$12,554$7,290$4,047$2,172$1,138$105
47 years$12,148$6,956$3,802$2,007$1,033$90
48 years$11,759$6,641$3,573$1,854$938$77
49 years$11,388$6,342$3,358$1,714$852$65
50 years$11,033$6,058$3,157$1,584$774$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,300,000, adding $5,572 every year, while hoping to spend $49,679 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: 43/39/18 Blend
60$11,300,000$11,300,000$11,300,000$11,300,000
61$12,458,348$11,859,448$11,684,298$12,928,564
62$13,676,241$12,387,702$12,022,863$13,788,817
63$15,016,694$12,940,177$12,371,106$14,714,925
64$16,492,157$13,518,005$12,729,298$15,717,236
65$18,116,344$14,122,375$13,097,717$16,802,787
66$19,904,372$14,754,532$13,476,651$17,979,302
67$21,872,893$15,415,779$13,866,394$19,255,263
68$24,040,260$16,107,484$14,267,250$20,639,980
69$26,426,692$16,831,076$14,679,528$22,143,678
70$29,054,471$17,588,056$15,103,549$23,777,589
71$31,948,150$18,379,993$15,539,641$25,554,051
72$35,134,784$19,208,535$15,988,141$27,486,620
73$38,644,183$20,075,404$16,449,395$29,590,192
74$42,509,199$20,982,409$16,923,759$31,881,141
75$46,766,031$21,931,440$17,411,599$34,377,461
76$51,454,568$22,924,483$17,913,289$37,098,936
77$56,618,765$23,963,614$18,429,216$40,067,317
78$62,307,060$25,051,011$18,959,775$43,306,520
79$68,572,825$26,188,956$19,505,373$46,842,846
80$75,474,877$27,379,839$20,066,427$50,705,223
81$83,078,030$28,626,166$20,643,367$54,925,466
82$91,453,702$29,930,561$21,236,633$59,538,575
83$100,680,596$31,295,775$21,846,677$64,583,055
84$110,845,440$32,724,692$22,473,964$70,101,266
85$122,043,805$34,220,331$23,118,971$76,139,822
86$134,381,004$35,785,858$23,782,188$82,750,013
87$147,973,093$37,424,592$24,464,117$89,988,284
88$162,947,959$39,140,008$25,165,276$97,916,754
89$179,446,533$40,935,750$25,886,195$106,603,794
90$197,624,114$42,815,637$26,627,417$116,124,658
91$217,651,841$44,783,670$27,389,503$126,562,183
92$239,718,303$46,844,044$28,173,026$138,007,558
93$264,031,322$49,001,155$28,978,574$150,561,168
94$290,819,915$51,259,609$29,806,754$164,333,533
95$320,336,452$53,624,235$30,658,186$179,446,334
96$352,859,042$56,100,095$31,533,508$196,033,543
97$388,694,157$58,692,493$32,433,373$214,242,678
98$428,179,524$61,406,987$33,358,454$234,236,174
99$471,687,313$64,249,407$34,309,439$256,192,900
100$519,627,650$67,225,860$35,287,038$280,309,830