Can I retire at age 61 with 11,400,000?

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 $11,400,000?

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$941,401$933,016$924,835$916,849$909,052$902,189
2 years$466,040$457,361$448,949$440,793$432,882$425,963
3 years$307,607$298,890$290,500$282,420$274,638$267,877
4 years$228,406$219,716$211,409$203,468$195,874$189,323
5 years$180,898$172,260$164,062$156,283$148,900$142,579
6 years$149,236$140,663$132,587$124,981$117,820$111,736
7 years$126,630$118,129$110,180$102,754$95,819$89,975
8 years$109,682$101,258$93,442$86,197$79,491$73,888
9 years$96,508$88,163$80,481$73,421$66,943$61,578
10 years$85,975$77,712$70,165$63,290$57,039$51,910
11 years$77,362$69,182$61,772$55,081$49,055$44,158
12 years$70,191$62,094$54,821$48,313$42,510$37,841
13 years$64,127$56,115$48,979$42,653$37,070$32,623
14 years$58,934$51,007$44,008$37,863$32,495$28,266
15 years$54,437$46,596$39,733$33,767$28,611$24,593
16 years$50,506$42,751$36,024$30,235$25,287$21,474
17 years$47,042$39,372$32,781$27,166$22,421$18,807
18 years$43,965$36,381$29,924$24,482$19,936$16,514
19 years$41,216$33,718$27,394$22,121$17,769$14,533
20 years$38,745$31,332$25,141$20,035$15,872$12,815
21 years$36,512$29,185$23,125$18,183$14,203$11,318
22 years$34,485$27,243$21,313$16,533$12,731$10,011
23 years$32,637$25,480$19,679$15,057$11,428$8,867
24 years$30,945$23,873$18,200$13,733$10,272$7,862
25 years$29,391$22,404$16,857$12,541$9,243$6,978
26 years$27,959$21,056$15,634$11,467$8,326$6,198
27 years$26,635$19,816$14,517$10,496$7,507$5,510
28 years$25,408$18,672$13,496$9,617$6,773$4,902
29 years$24,268$17,615$12,559$8,819$6,116$4,363
30 years$23,205$16,636$11,698$8,093$5,526$3,886
31 years$22,214$15,726$10,906$7,433$4,996$3,462
32 years$21,286$14,880$10,175$6,831$4,520$3,086
33 years$20,416$14,092$9,501$6,282$4,090$2,752
34 years$19,599$13,356$8,877$5,780$3,703$2,455
35 years$18,830$12,668$8,299$5,321$3,354$2,191
36 years$18,106$12,024$7,764$4,900$3,039$1,955
37 years$17,422$11,420$7,267$4,515$2,754$1,745
38 years$16,776$10,853$6,805$4,162$2,497$1,558
39 years$16,165$10,320$6,376$3,837$2,264$1,392
40 years$15,586$9,819$5,976$3,539$2,054$1,243
41 years$15,036$9,346$5,603$3,265$1,863$1,111
42 years$14,514$8,901$5,256$3,014$1,691$992
43 years$14,017$8,481$4,932$2,782$1,535$887
44 years$13,545$8,084$4,630$2,569$1,393$792
45 years$13,095$7,709$4,347$2,372$1,264$708
46 years$12,665$7,354$4,083$2,191$1,148$633
47 years$12,255$7,018$3,836$2,024$1,043$566
48 years$11,863$6,700$3,605$1,871$947$506
49 years$11,489$6,398$3,388$1,729$860$452
50 years$11,130$6,111$3,185$1,598$781$404

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,400,000, adding $3,289 every year, while hoping to spend $22,768 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: 51/19/30 Blend
60$11,400,000$11,400,000$11,400,000$11,400,000
61$12,566,193$11,961,993$11,785,293$13,100,384
62$13,823,719$12,523,905$12,155,875$14,036,004
63$15,208,751$13,112,589$12,538,109$15,050,316
64$16,734,268$13,729,330$12,932,360$16,152,904
65$18,414,576$14,375,480$13,339,007$17,352,194
66$20,265,438$15,052,454$13,758,439$18,657,448
67$22,304,225$15,761,736$14,191,058$20,078,849
68$24,550,076$16,504,882$14,637,279$21,627,593
69$27,024,085$17,283,522$15,097,530$23,315,992
70$29,749,495$18,099,368$15,572,250$25,157,588
71$32,751,918$18,954,212$16,061,895$27,167,274
72$36,059,581$19,849,935$16,566,935$29,361,432
73$39,703,584$20,788,507$17,087,854$31,758,087
74$43,718,202$21,771,997$17,625,149$34,377,067
75$48,141,204$22,802,570$18,179,337$37,240,191
76$53,014,210$23,882,499$18,750,948$40,371,468
77$58,383,085$25,014,167$19,340,530$43,797,320
78$64,298,369$26,200,072$19,948,648$47,546,825
79$70,815,760$27,442,832$20,575,885$51,651,987
80$77,996,632$28,745,195$21,222,841$56,148,036
81$85,908,618$30,110,040$21,890,137$61,073,748
82$94,626,252$31,540,387$22,578,411$66,471,813
83$104,231,666$33,039,401$23,288,324$72,389,226
84$114,815,368$34,610,404$24,020,555$78,877,727
85$126,477,098$36,256,877$24,775,806$85,994,285
86$139,326,768$37,982,469$25,554,801$93,801,622
87$153,485,497$39,791,009$26,358,286$102,368,806
88$169,086,760$41,686,511$27,187,031$111,771,891
89$186,277,642$43,673,183$28,041,829$122,094,627
90$205,220,232$45,755,438$28,923,500$133,429,243
91$226,093,147$47,937,906$29,832,889$145,877,312
92$249,093,224$50,225,440$30,770,866$159,550,697
93$274,437,373$52,623,127$31,738,331$174,572,600
94$302,364,630$55,136,305$32,736,210$191,078,714
95$333,138,409$57,770,570$33,765,460$209,218,494
96$367,048,989$60,531,791$34,827,066$229,156,559
97$404,416,259$63,426,121$35,922,045$251,074,236
98$445,592,730$66,460,014$37,051,446$275,171,254
99$490,966,871$69,640,237$38,216,352$301,667,624
100$540,966,770$72,973,887$39,417,878$330,805,702