Can I retire at age 61 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$957,917$949,385$941,060$932,934$925,000$911,177
2 years$474,216$465,385$456,825$448,526$440,476$426,581
3 years$313,004$304,134$295,596$287,375$279,456$265,921
4 years$232,413$223,571$215,118$207,038$199,311$186,240
5 years$184,072$175,282$166,941$159,025$151,513$138,944
6 years$151,855$143,131$134,913$127,173$119,887$107,835
7 years$128,851$120,201$112,113$104,556$97,500$85,969
8 years$111,607$103,035$95,081$87,710$80,886$69,874
9 years$98,201$89,710$81,893$74,709$68,118$57,619
10 years$87,483$79,075$71,396$64,400$58,040$48,046
11 years$78,720$70,396$62,856$56,047$49,916$40,418
12 years$71,422$63,184$55,783$49,161$43,256$34,242
13 years$65,252$57,100$49,839$43,402$37,720$29,178
14 years$59,968$51,902$44,780$38,527$33,065$24,980
15 years$55,392$47,413$40,431$34,360$29,113$21,472
16 years$51,392$43,501$36,656$30,765$25,730$18,517
17 years$47,867$40,063$33,356$27,642$22,814$16,014
18 years$44,737$37,020$30,449$24,911$20,285$13,882
19 years$41,939$34,309$27,875$22,509$18,081$12,058
20 years$39,425$31,882$25,582$20,387$16,150$10,492
21 years$37,153$29,697$23,531$18,502$14,453$9,144
22 years$35,090$27,721$21,687$16,823$12,955$7,978
23 years$33,209$25,927$20,024$15,321$11,629$6,970
24 years$31,488$24,292$18,519$13,973$10,452$6,094
25 years$29,907$22,797$17,152$12,761$9,405$5,333
26 years$28,449$21,425$15,908$11,668$8,472$4,671
27 years$27,102$20,164$14,772$10,680$7,638$4,093
28 years$25,854$19,000$13,732$9,785$6,892$3,589
29 years$24,694$17,924$12,779$8,973$6,223$3,148
30 years$23,613$16,928$11,903$8,235$5,623$2,763
31 years$22,603$16,002$11,097$7,564$5,084$2,426
32 years$21,659$15,141$10,354$6,951$4,599$2,130
33 years$20,774$14,339$9,667$6,392$4,162$1,871
34 years$19,943$13,590$9,033$5,881$3,768$1,644
35 years$19,160$12,890$8,445$5,414$3,413$1,445
36 years$18,423$12,235$7,900$4,986$3,092$1,270
37 years$17,728$11,620$7,394$4,594$2,803$1,117
38 years$17,071$11,043$6,924$4,235$2,541$982
39 years$16,449$10,501$6,487$3,904$2,304$864
40 years$15,859$9,991$6,081$3,601$2,090$760
41 years$15,300$9,510$5,702$3,323$1,896$668
42 years$14,768$9,057$5,348$3,066$1,720$588
43 years$14,263$8,630$5,019$2,831$1,561$517
44 years$13,782$8,226$4,711$2,614$1,417$455
45 years$13,324$7,844$4,423$2,414$1,287$400
46 years$12,887$7,483$4,155$2,230$1,168$352
47 years$12,470$7,141$3,903$2,060$1,061$310
48 years$12,072$6,817$3,668$1,903$963$273
49 years$11,690$6,510$3,448$1,759$875$240
50 years$11,326$6,219$3,241$1,626$795$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,600,000, adding $2,890 every year, while hoping to spend $52,124 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: 60/27/13 Blend
60$11,600,000$11,600,000$11,600,000$11,600,000
61$12,786,181$12,171,381$11,991,581$13,512,417
62$14,034,912$12,712,319$12,337,839$14,542,414
63$15,409,266$13,278,016$12,693,951$15,659,342
64$16,922,003$13,869,631$13,060,189$16,876,475
65$18,587,180$14,488,375$13,436,838$18,203,488
66$20,420,288$15,135,521$13,824,188$19,651,023
67$22,438,395$15,812,399$14,222,536$21,230,784
68$24,660,309$16,520,404$14,632,189$22,955,641
69$27,106,754$17,260,998$15,053,460$24,839,755
70$29,800,566$18,035,709$15,486,674$26,898,700
71$32,766,907$18,846,143$15,932,162$29,149,614
72$36,033,506$19,693,979$16,390,263$31,611,352
73$39,630,916$20,580,976$16,861,329$34,304,661
74$43,592,805$21,508,979$17,345,719$37,252,374
75$47,956,271$22,479,919$17,843,801$40,479,617
76$52,762,197$23,495,821$18,355,954$44,014,045
77$58,055,630$24,558,805$18,882,568$47,886,098
78$63,886,211$25,671,094$19,424,041$52,129,280
79$70,308,642$26,835,015$19,980,784$56,780,477
80$77,383,202$28,053,009$20,553,218$61,880,290
81$85,176,313$29,327,631$21,141,776$67,473,423
82$93,761,173$30,661,561$21,746,901$73,609,091
83$103,218,440$32,057,605$22,369,050$80,341,482
84$113,636,998$33,518,704$23,008,690$87,730,262
85$125,114,792$35,047,941$23,666,301$95,841,131
86$137,759,756$36,648,545$24,342,377$104,746,436
87$151,690,828$38,323,901$25,037,425$114,525,845
88$167,039,077$40,077,557$25,751,963$125,267,096
89$183,948,935$41,913,229$26,486,525$137,066,811
90$202,579,561$43,834,812$27,241,659$150,031,406
91$223,106,349$45,846,391$28,017,927$164,278,080
92$245,722,575$47,952,242$28,815,906$179,935,920
93$270,641,226$50,156,850$29,636,187$197,147,101
94$298,097,010$52,464,915$30,479,378$216,068,226
95$328,348,571$54,881,362$31,346,104$236,871,789
96$361,680,931$57,411,354$32,237,003$259,747,794
97$398,408,176$60,060,300$33,152,733$284,905,537
98$438,876,427$62,833,872$34,093,967$312,575,571
99$483,467,104$65,738,014$35,061,397$343,011,866
100$532,600,527$68,778,955$36,055,732$376,494,199