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%11.8%
1 years$933,143$924,831$916,722$908,807$901,078$894,275
2 years$461,952$453,349$445,011$436,926$429,085$422,226
3 years$304,909$296,268$287,951$279,943$272,229$265,527
4 years$226,403$217,789$209,555$201,683$194,156$187,662
5 years$179,311$170,749$162,623$154,912$147,594$141,328
6 years$147,927$139,429$131,424$123,884$116,786$110,756
7 years$125,519$117,093$109,214$101,852$94,979$89,186
8 years$108,720$100,370$92,622$85,441$78,794$73,240
9 years$95,662$87,390$79,775$72,777$66,356$61,038
10 years$85,221$77,030$69,550$62,734$56,538$51,455
11 years$76,684$68,575$61,231$54,598$48,625$43,771
12 years$69,575$61,550$54,341$47,890$42,137$37,509
13 years$63,564$55,623$48,550$42,279$36,745$32,337
14 years$58,417$50,560$43,622$37,531$32,210$28,018
15 years$53,959$46,187$39,385$33,471$28,360$24,377
16 years$50,063$42,376$35,708$29,970$25,065$21,286
17 years$46,629$39,027$32,493$26,927$22,224$18,642
18 years$43,580$36,062$29,662$24,267$19,761$16,369
19 years$40,855$33,422$27,154$21,927$17,613$14,406
20 years$38,405$31,057$24,921$19,859$15,732$12,702
21 years$36,192$28,929$22,922$18,024$14,079$11,219
22 years$34,182$27,004$21,126$16,388$12,620$9,924
23 years$32,350$25,256$19,506$14,925$11,328$8,789
24 years$30,673$23,664$18,040$13,612$10,182$7,793
25 years$29,133$22,207$16,709$12,431$9,162$6,916
26 years$27,714$20,871$15,497$11,367$8,253$6,144
27 years$26,402$19,642$14,390$10,404$7,441$5,462
28 years$25,185$18,509$13,377$9,532$6,714$4,859
29 years$24,055$17,461$12,449$8,741$6,063$4,325
30 years$23,002$16,490$11,596$8,022$5,478$3,852
31 years$22,019$15,588$10,810$7,368$4,953$3,432
32 years$21,099$14,750$10,086$6,771$4,480$3,059
33 years$20,237$13,968$9,417$6,227$4,054$2,728
34 years$19,427$13,239$8,799$5,729$3,671$2,434
35 years$18,665$12,557$8,227$5,274$3,325$2,171
36 years$17,947$11,918$7,696$4,857$3,012$1,938
37 years$17,269$11,320$7,203$4,475$2,730$1,730
38 years$16,629$10,758$6,745$4,125$2,475$1,545
39 years$16,023$10,229$6,320$3,803$2,245$1,380
40 years$15,449$9,732$5,923$3,508$2,036$1,232
41 years$14,904$9,264$5,554$3,237$1,847$1,101
42 years$14,387$8,823$5,210$2,987$1,676$984
43 years$13,894$8,407$4,889$2,757$1,521$879
44 years$13,426$8,013$4,589$2,546$1,381$785
45 years$12,980$7,641$4,309$2,351$1,253$702
46 years$12,554$7,290$4,047$2,172$1,138$627
47 years$12,148$6,956$3,802$2,007$1,033$561
48 years$11,759$6,641$3,573$1,854$938$501
49 years$11,388$6,342$3,358$1,714$852$448
50 years$11,033$6,058$3,157$1,584$774$401

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 $6,074 every year, while hoping to spend $56,681 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: 55/24/21 Blend
60$11,300,000$11,300,000$11,300,000$11,300,000
61$12,458,865$11,859,965$11,684,815$13,072,728
62$13,669,361$12,380,795$12,015,948$14,014,387
63$15,001,428$12,925,247$12,356,275$15,032,829
64$16,467,407$13,494,416$12,706,043$16,140,711
65$18,080,894$14,089,454$13,065,506$17,346,620
66$19,856,871$14,711,564$13,434,927$18,659,996
67$21,811,848$15,362,006$13,814,573$20,091,220
68$23,964,014$16,042,102$14,204,719$21,651,710
69$26,333,412$16,753,234$14,605,646$23,354,024
70$28,942,129$17,496,851$15,017,644$25,211,975
71$31,814,500$18,274,471$15,441,009$27,240,760
72$34,977,342$19,087,683$15,876,046$29,457,099
73$38,460,203$19,938,152$16,323,066$31,879,388
74$42,295,644$20,827,621$16,782,389$34,527,871
75$46,519,544$21,757,919$17,254,343$37,424,825
76$51,171,439$22,730,958$17,739,264$40,594,769
77$56,294,894$23,748,743$18,237,498$44,064,686
78$61,937,916$24,813,375$18,749,397$47,864,281
79$68,153,407$25,927,053$19,275,325$52,026,248
80$74,999,659$27,092,083$19,815,653$56,586,580
81$82,540,908$28,310,880$20,370,762$61,584,902
82$90,847,941$29,585,973$20,941,043$67,064,840
83$99,998,759$30,920,013$21,526,895$73,074,423
84$110,079,316$32,315,778$22,128,730$79,666,539
85$121,184,332$33,776,177$22,746,968$86,899,419
86$133,418,182$35,304,258$23,382,040$94,837,189
87$146,895,886$36,903,216$24,034,388$103,550,461
88$161,744,191$38,576,398$24,704,464$113,116,998
89$178,102,769$40,327,312$25,392,734$123,622,439
90$196,125,532$42,159,631$26,099,671$135,161,100
91$215,982,090$44,077,206$26,825,764$147,836,855
92$237,859,347$46,084,074$27,571,511$161,764,112
93$261,963,268$48,184,460$28,337,424$177,068,882
94$288,520,820$50,382,797$29,124,026$193,889,960
95$317,782,117$52,683,728$29,931,854$212,380,226
96$350,022,779$55,092,118$30,761,459$232,708,077
97$385,546,537$57,613,065$31,613,401$255,059,010
98$424,688,093$60,251,914$32,488,259$279,637,359
99$467,816,285$63,014,265$33,386,623$306,668,217
100$515,337,568$65,905,986$34,309,097$336,399,544