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

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$933,143$924,831$916,722$908,807$901,078$884,695
2 years$461,952$453,349$445,011$436,926$429,085$412,637
3 years$304,909$296,268$287,951$279,943$272,229$256,230
4 years$226,403$217,789$209,555$201,683$194,156$178,729
5 years$179,311$170,749$162,623$154,912$147,594$132,783
6 years$147,927$139,429$131,424$123,884$116,786$102,607
7 years$125,519$117,093$109,214$101,852$94,979$81,436
8 years$108,720$100,370$92,622$85,441$78,794$65,884
9 years$95,662$87,390$79,775$72,777$66,356$54,071
10 years$85,221$77,030$69,550$62,734$56,538$44,868
11 years$76,684$68,575$61,231$54,598$48,625$37,555
12 years$69,575$61,550$54,341$47,890$42,137$31,653
13 years$63,564$55,623$48,550$42,279$36,745$26,830
14 years$58,417$50,560$43,622$37,531$32,210$22,847
15 years$53,959$46,187$39,385$33,471$28,360$19,530
16 years$50,063$42,376$35,708$29,970$25,065$16,749
17 years$46,629$39,027$32,493$26,927$22,224$14,402
18 years$43,580$36,062$29,662$24,267$19,761$12,413
19 years$40,855$33,422$27,154$21,927$17,613$10,719
20 years$38,405$31,057$24,921$19,859$15,732$9,271
21 years$36,192$28,929$22,922$18,024$14,079$8,031
22 years$34,182$27,004$21,126$16,388$12,620$6,965
23 years$32,350$25,256$19,506$14,925$11,328$6,046
24 years$30,673$23,664$18,040$13,612$10,182$5,254
25 years$29,133$22,207$16,709$12,431$9,162$4,569
26 years$27,714$20,871$15,497$11,367$8,253$3,976
27 years$26,402$19,642$14,390$10,404$7,441$3,462
28 years$25,185$18,509$13,377$9,532$6,714$3,016
29 years$24,055$17,461$12,449$8,741$6,063$2,628
30 years$23,002$16,490$11,596$8,022$5,478$2,291
31 years$22,019$15,588$10,810$7,368$4,953$1,999
32 years$21,099$14,750$10,086$6,771$4,480$1,744
33 years$20,237$13,968$9,417$6,227$4,054$1,521
34 years$19,427$13,239$8,799$5,729$3,671$1,328
35 years$18,665$12,557$8,227$5,274$3,325$1,159
36 years$17,947$11,918$7,696$4,857$3,012$1,012
37 years$17,269$11,320$7,203$4,475$2,730$884
38 years$16,629$10,758$6,745$4,125$2,475$772
39 years$16,023$10,229$6,320$3,803$2,245$674
40 years$15,449$9,732$5,923$3,508$2,036$589
41 years$14,904$9,264$5,554$3,237$1,847$515
42 years$14,387$8,823$5,210$2,987$1,676$450
43 years$13,894$8,407$4,889$2,757$1,521$393
44 years$13,426$8,013$4,589$2,546$1,381$343
45 years$12,980$7,641$4,309$2,351$1,253$300
46 years$12,554$7,290$4,047$2,172$1,138$262
47 years$12,148$6,956$3,802$2,007$1,033$229
48 years$11,759$6,641$3,573$1,854$938$200
49 years$11,388$6,342$3,358$1,714$852$175
50 years$11,033$6,058$3,157$1,584$774$153

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 $6,803 every year, while hoping to spend $50,212 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: 53/35/12 Blend
60$11,300,000$11,300,000$11,300,000$11,300,000
61$12,459,617$11,860,717$11,685,567$13,080,543
62$13,677,073$12,388,467$12,023,609$14,031,844
63$15,017,026$12,940,394$12,371,291$15,060,344
64$16,491,919$13,517,629$12,728,886$16,178,181
65$18,115,460$14,121,359$13,096,669$17,393,833
66$19,902,756$14,752,824$13,474,926$18,716,613
67$21,870,450$15,413,325$13,863,949$20,156,758
68$24,036,884$16,104,226$14,264,039$21,725,517
69$26,422,267$16,826,955$14,675,506$23,435,256
70$29,048,869$17,583,005$15,098,665$25,299,570
71$31,941,227$18,373,946$15,533,844$27,333,408
72$35,126,380$19,201,418$15,981,376$29,553,205
73$38,634,125$20,067,141$16,441,606$31,977,039
74$42,497,292$20,972,917$16,914,886$34,624,791
75$46,752,061$21,920,635$17,401,580$37,518,329
76$51,438,297$22,912,273$17,902,059$40,681,711
77$56,599,932$23,949,903$18,416,707$44,141,403
78$62,285,374$25,035,697$18,945,915$47,926,525
79$68,547,966$26,171,930$19,490,088$52,069,120
80$75,446,492$27,360,988$20,049,639$56,604,445
81$83,045,727$28,605,369$20,624,994$61,571,305
82$91,417,049$29,907,690$21,216,590$67,012,405
83$100,639,118$31,270,696$21,824,875$72,974,749
84$110,798,609$32,697,262$22,450,309$79,510,074
85$121,991,039$34,190,400$23,093,367$86,675,333
86$134,321,663$35,753,267$23,754,532$94,533,220
87$147,906,467$37,389,172$24,434,304$103,152,755
88$162,873,268$39,101,582$25,133,194$112,609,927
89$179,362,913$40,894,131$25,851,727$122,988,400
90$197,530,613$42,770,627$26,590,444$134,380,291
91$217,547,409$44,735,061$27,349,897$146,887,031
92$239,601,781$46,791,615$28,130,655$160,620,312
93$263,901,432$48,944,674$28,933,301$175,703,127
94$290,675,246$51,198,830$29,758,434$192,270,919
95$320,175,448$53,558,900$30,606,669$210,472,846
96$352,679,988$56,029,931$31,478,637$230,473,180
97$388,495,161$58,617,211$32,374,985$252,452,838
98$427,958,498$61,326,285$33,296,377$276,611,078
99$471,441,955$64,162,964$34,243,497$303,167,361
100$519,355,424$67,133,338$35,217,043$332,363,413