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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$957,917$949,385$941,060$932,934$925,000$905,584
2 years$474,216$465,385$456,825$448,526$440,476$421,006
3 years$313,004$304,134$295,596$287,375$279,456$260,540
4 years$232,413$223,571$215,118$207,038$199,311$181,093
5 years$184,072$175,282$166,941$159,025$151,513$134,046
6 years$151,855$143,131$134,913$127,173$119,887$103,190
7 years$128,851$120,201$112,113$104,556$97,500$81,577
8 years$111,607$103,035$95,081$87,710$80,886$65,730
9 years$98,201$89,710$81,893$74,709$68,118$53,719
10 years$87,483$79,075$71,396$64,400$58,040$44,385
11 years$78,720$70,396$62,856$56,047$49,916$36,987
12 years$71,422$63,184$55,783$49,161$43,256$31,033
13 years$65,252$57,100$49,839$43,402$37,720$26,182
14 years$59,968$51,902$44,780$38,527$33,065$22,190
15 years$55,392$47,413$40,431$34,360$29,113$18,877
16 years$51,392$43,501$36,656$30,765$25,730$16,109
17 years$47,867$40,063$33,356$27,642$22,814$13,783
18 years$44,737$37,020$30,449$24,911$20,285$11,818
19 years$41,939$34,309$27,875$22,509$18,081$10,153
20 years$39,425$31,882$25,582$20,387$16,150$8,736
21 years$37,153$29,697$23,531$18,502$14,453$7,527
22 years$35,090$27,721$21,687$16,823$12,955$6,492
23 years$33,209$25,927$20,024$15,321$11,629$5,606
24 years$31,488$24,292$18,519$13,973$10,452$4,844
25 years$29,907$22,797$17,152$12,761$9,405$4,189
26 years$28,449$21,425$15,908$11,668$8,472$3,625
27 years$27,102$20,164$14,772$10,680$7,638$3,139
28 years$25,854$19,000$13,732$9,785$6,892$2,719
29 years$24,694$17,924$12,779$8,973$6,223$2,356
30 years$23,613$16,928$11,903$8,235$5,623$2,042
31 years$22,603$16,002$11,097$7,564$5,084$1,771
32 years$21,659$15,141$10,354$6,951$4,599$1,536
33 years$20,774$14,339$9,667$6,392$4,162$1,332
34 years$19,943$13,590$9,033$5,881$3,768$1,156
35 years$19,160$12,890$8,445$5,414$3,413$1,003
36 years$18,423$12,235$7,900$4,986$3,092$871
37 years$17,728$11,620$7,394$4,594$2,803$756
38 years$17,071$11,043$6,924$4,235$2,541$656
39 years$16,449$10,501$6,487$3,904$2,304$570
40 years$15,859$9,991$6,081$3,601$2,090$495
41 years$15,300$9,510$5,702$3,323$1,896$430
42 years$14,768$9,057$5,348$3,066$1,720$373
43 years$14,263$8,630$5,019$2,831$1,561$324
44 years$13,782$8,226$4,711$2,614$1,417$282
45 years$13,324$7,844$4,423$2,414$1,287$245
46 years$12,887$7,483$4,155$2,230$1,168$212
47 years$12,470$7,141$3,903$2,060$1,061$184
48 years$12,072$6,817$3,668$1,903$963$160
49 years$11,690$6,510$3,448$1,759$875$139
50 years$11,326$6,219$3,241$1,626$795$121

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 $3,123 every year, while hoping to spend $29,942 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: 51/27/22 Blend
60$11,600,000$11,600,000$11,600,000$11,600,000
61$12,786,421$12,171,621$11,991,821$13,359,939
62$14,058,778$12,736,173$12,361,689$14,321,572
63$15,459,912$13,327,384$12,742,944$15,363,244
64$17,002,926$13,946,529$13,135,936$16,495,239
65$18,702,260$14,594,944$13,541,026$17,726,133
66$20,573,825$15,274,031$13,958,584$19,065,347
67$22,635,153$15,985,256$14,388,995$20,523,240
68$24,905,565$16,730,160$14,832,652$22,111,196
69$27,406,350$17,510,355$15,289,964$23,841,728
70$30,160,969$18,327,533$15,761,348$25,728,598
71$33,195,272$19,183,467$16,247,238$27,786,933
72$36,537,747$20,080,014$16,748,078$30,033,373
73$40,219,787$21,019,125$17,264,328$32,486,216
74$44,275,983$22,002,840$17,796,461$35,165,590
75$48,744,455$23,033,301$18,344,964$38,093,637
76$53,667,210$24,112,752$18,910,340$41,294,716
77$59,090,536$25,243,548$19,493,108$44,795,625
78$65,065,444$26,428,155$20,093,800$48,625,854
79$71,648,143$27,669,159$20,712,966$52,817,852
80$78,900,578$28,969,272$21,351,175$57,407,330
81$86,891,008$30,331,337$22,009,010$62,433,588
82$95,694,652$31,758,334$22,687,073$67,939,883
83$105,394,402$33,253,388$23,385,986$73,973,828
84$116,081,602$34,819,774$24,106,387$80,587,833
85$127,856,911$36,460,929$24,848,936$87,839,594
86$140,831,253$38,180,451$25,614,313$95,792,627
87$155,126,866$39,982,118$26,403,217$104,516,859
88$170,878,452$41,869,888$27,216,371$114,089,284
89$188,234,452$43,847,911$28,054,518$124,594,671
90$207,358,446$45,920,538$28,918,424$136,126,363
91$228,430,696$48,092,333$29,808,879$148,787,143
92$251,649,848$50,368,078$30,726,698$162,690,194
93$277,234,809$52,752,791$31,672,719$177,960,158
94$305,426,812$55,251,730$32,647,807$194,734,298
95$336,491,692$57,870,410$33,652,854$213,163,784
96$370,722,397$60,614,612$34,688,777$233,415,106
97$408,441,753$63,490,400$35,756,522$255,671,630
98$450,005,512$66,504,129$36,857,066$280,135,319
99$495,805,709$69,662,467$37,991,413$307,028,621
100$546,274,365$72,972,402$39,160,599$336,596,556