Can I retire at age 61 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$949,659$941,200$932,947$924,892$917,026$891,604
2 years$470,128$461,373$452,887$444,660$436,679$411,256
3 years$310,306$301,512$293,048$284,898$277,047$252,420
4 years$230,410$221,643$213,264$205,253$197,592$173,950
5 years$182,485$173,771$165,501$157,654$150,207$127,614
6 years$150,546$141,897$133,750$126,077$118,853$97,331
7 years$127,741$119,165$111,147$103,655$96,660$76,209
8 years$110,645$102,146$94,261$86,953$80,188$60,798
9 years$97,355$88,937$81,187$74,065$67,530$49,182
10 years$86,729$78,393$70,781$63,845$57,539$40,209
11 years$78,041$69,789$62,314$55,564$49,486$33,146
12 years$70,806$62,639$55,302$48,737$42,883$27,503
13 years$64,689$56,607$49,409$43,028$37,395$22,941
14 years$59,451$51,454$44,394$38,195$32,780$19,218
15 years$54,914$47,005$40,082$34,063$28,862$16,156
16 years$50,949$43,126$36,340$30,500$25,509$13,621
17 years$47,454$39,717$33,068$27,404$22,618$11,511
18 years$44,351$36,701$30,187$24,697$20,111$9,747
19 years$41,578$34,014$27,635$22,315$17,925$8,268
20 years$39,085$31,607$25,362$20,211$16,011$7,023
21 years$36,832$29,441$23,328$18,343$14,328$5,973
22 years$34,787$27,482$21,500$16,678$12,843$5,084
23 years$32,923$25,703$19,852$15,189$11,529$4,332
24 years$31,216$24,082$18,359$13,853$10,362$3,693
25 years$29,649$22,600$17,005$12,651$9,324$3,151
26 years$28,204$21,240$15,771$11,568$8,399$2,690
27 years$26,869$19,990$14,645$10,588$7,572$2,297
28 years$25,631$18,836$13,614$9,701$6,833$1,962
29 years$24,481$17,770$12,669$8,896$6,170$1,677
30 years$23,409$16,782$11,801$8,164$5,575$1,433
31 years$22,408$15,864$11,002$7,498$5,040$1,225
32 years$21,472$15,011$10,265$6,891$4,559$1,048
33 years$20,595$14,215$9,584$6,337$4,126$896
34 years$19,771$13,473$8,955$5,831$3,736$767
35 years$18,995$12,779$8,372$5,367$3,384$656
36 years$18,265$12,129$7,832$4,943$3,066$561
37 years$17,575$11,520$7,331$4,555$2,779$480
38 years$16,923$10,948$6,865$4,198$2,519$411
39 years$16,307$10,410$6,432$3,871$2,284$352
40 years$15,722$9,905$6,028$3,570$2,072$301
41 years$15,168$9,428$5,653$3,294$1,880$258
42 years$14,641$8,979$5,302$3,040$1,706$221
43 years$14,140$8,555$4,976$2,806$1,548$189
44 years$13,664$8,155$4,670$2,591$1,405$162
45 years$13,209$7,777$4,385$2,393$1,276$138
46 years$12,776$7,419$4,119$2,210$1,158$118
47 years$12,363$7,080$3,870$2,042$1,052$101
48 years$11,967$6,758$3,636$1,887$955$87
49 years$11,590$6,454$3,418$1,744$867$74
50 years$11,228$6,165$3,213$1,612$788$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,500,000, adding $3,441 every year, while hoping to spend $20,982 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: 39/50/11 Blend
60$11,500,000$11,500,000$11,500,000$11,500,000
61$12,676,549$12,067,049$11,888,799$13,128,632
62$13,947,233$12,636,010$12,264,749$14,017,664
63$15,346,823$13,232,147$12,652,591$14,975,993
64$16,888,445$13,856,769$13,052,699$16,011,702
65$18,586,565$14,511,249$13,465,463$17,131,770
66$20,457,121$15,197,027$13,891,283$18,343,850
67$22,517,678$15,915,611$14,330,571$19,656,329
68$24,787,591$16,668,586$14,783,755$21,078,403
69$27,288,188$17,457,609$15,251,273$22,620,159
70$30,042,971$18,284,420$15,733,579$24,292,663
71$33,077,842$19,150,844$16,231,141$26,108,056
72$36,421,339$20,058,793$16,744,442$28,079,661
73$40,104,915$21,010,273$17,273,980$30,222,105
74$44,163,225$22,007,386$17,820,268$32,551,443
75$48,634,464$23,052,337$18,383,836$35,085,308
76$53,560,716$24,147,439$18,965,232$37,843,061
77$58,988,360$25,295,114$19,565,018$40,845,970
78$64,968,504$26,497,906$20,183,778$44,117,401
79$71,557,468$27,758,480$20,822,111$47,683,024
80$78,817,315$29,079,631$21,480,636$51,571,050
81$86,816,437$30,464,289$22,159,994$55,812,482
82$95,630,202$31,915,527$22,860,842$60,441,399
83$105,341,664$33,436,569$23,583,861$65,495,262
84$116,042,345$35,030,793$24,329,752$71,015,260
85$127,833,105$36,701,742$25,099,239$77,046,679
86$140,825,087$38,453,133$25,893,069$83,639,322
87$155,140,771$40,288,862$26,712,013$90,847,958
88$170,915,128$42,213,014$27,556,863$98,732,830
89$188,296,895$44,229,875$28,428,441$107,360,202
90$207,449,976$46,343,937$29,327,593$116,802,969
91$228,554,997$48,559,913$30,255,190$127,141,332
92$251,811,000$50,882,743$31,212,132$138,463,529
93$277,437,333$53,317,608$32,199,350$150,866,654
94$305,675,713$55,869,942$33,217,800$164,457,552
95$336,792,510$58,545,444$34,268,470$179,353,804
96$371,081,264$61,350,088$35,352,382$195,684,818
97$408,865,452$64,290,142$36,470,585$213,593,024
98$450,501,544$67,372,175$37,624,167$233,235,197
99$496,382,371$70,603,081$38,814,245$254,783,909
100$546,940,826$73,990,085$40,041,976$278,429,131