Can I retire at age 61 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$966,175$957,569$949,172$940,977$932,974$916,387
2 years$478,304$469,397$460,763$452,393$444,274$427,619
3 years$315,702$306,756$298,144$289,852$281,865$265,662
4 years$234,417$225,498$216,973$208,822$201,029$185,401
5 years$185,659$176,793$168,380$160,396$152,819$137,812
6 years$153,164$144,365$136,076$128,270$120,920$106,552
7 years$129,962$121,237$113,080$105,458$98,341$84,614
8 years$112,569$103,923$95,901$88,466$81,583$68,494
9 years$99,048$90,484$82,599$75,353$68,705$56,247
10 years$88,237$79,757$72,012$64,955$58,540$46,702
11 years$79,398$71,003$63,398$56,530$50,346$39,115
12 years$72,038$63,728$56,264$49,585$43,629$32,990
13 years$65,814$57,592$50,268$43,776$38,045$27,981
14 years$60,484$52,349$45,166$38,859$33,350$23,843
15 years$55,870$47,822$40,779$34,656$29,364$20,396
16 years$51,835$43,876$36,972$31,030$25,952$17,503
17 years$48,280$40,408$33,643$27,881$23,011$15,062
18 years$45,122$37,339$30,712$25,126$20,460$12,991
19 years$42,301$34,605$28,115$22,704$18,237$11,226
20 years$39,765$32,157$25,803$20,562$16,289$9,718
21 years$37,473$29,953$23,734$18,662$14,577$8,424
22 years$35,392$27,960$21,874$16,968$13,066$7,311
23 years$33,495$26,150$20,197$15,453$11,729$6,352
24 years$31,759$24,501$18,679$14,094$10,542$5,524
25 years$30,164$22,993$17,300$12,871$9,487$4,807
26 years$28,695$21,610$16,045$11,769$8,545$4,187
27 years$27,336$20,337$14,899$10,772$7,704$3,648
28 years$26,077$19,164$13,851$9,870$6,952$3,181
29 years$24,906$18,079$12,889$9,051$6,277$2,774
30 years$23,816$17,074$12,006$8,306$5,672$2,421
31 years$22,798$16,140$11,193$7,629$5,128$2,113
32 years$21,846$15,272$10,443$7,011$4,638$1,845
33 years$20,953$14,463$9,751$6,447$4,198$1,611
34 years$20,114$13,707$9,111$5,932$3,801$1,408
35 years$19,326$13,001$8,518$5,461$3,442$1,230
36 years$18,582$12,340$7,968$5,029$3,119$1,075
37 years$17,881$11,720$7,458$4,634$2,827$939
38 years$17,218$11,138$6,984$4,271$2,563$821
39 years$16,590$10,592$6,543$3,938$2,324$718
40 years$15,996$10,077$6,133$3,632$2,108$628
41 years$15,432$9,592$5,751$3,351$1,912$549
42 years$14,896$9,135$5,395$3,093$1,735$480
43 years$14,386$8,704$5,062$2,855$1,575$420
44 years$13,901$8,297$4,752$2,636$1,430$367
45 years$13,439$7,912$4,462$2,435$1,298$321
46 years$12,998$7,548$4,190$2,249$1,178$281
47 years$12,578$7,203$3,937$2,078$1,070$246
48 years$12,176$6,876$3,700$1,920$972$215
49 years$11,791$6,566$3,477$1,774$883$188
50 years$11,423$6,272$3,269$1,640$802$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,700,000, adding $3,885 every year, while hoping to spend $33,392 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: 50/39/11 Blend
60$11,700,000$11,700,000$11,700,000$11,700,000
61$12,897,407$12,277,307$12,095,957$13,504,074
62$14,177,414$12,843,367$12,465,643$14,485,883
63$15,586,862$13,436,044$12,846,594$15,548,350
64$17,138,920$14,056,607$13,239,153$16,702,126
65$18,848,097$14,706,388$13,643,671$17,955,790
66$20,730,381$15,386,779$14,060,513$19,318,763
67$22,803,391$16,099,243$14,490,051$20,801,393
68$25,086,542$16,845,311$14,932,673$22,415,049
69$27,601,226$17,626,588$15,388,774$24,172,219
70$30,371,017$18,444,757$15,858,764$26,086,629
71$33,421,893$19,301,581$16,343,064$28,173,360
72$36,782,478$20,198,911$16,842,109$30,448,992
73$40,484,317$21,138,684$17,356,346$32,931,750
74$44,562,169$22,122,932$17,886,236$35,641,668
75$49,054,339$23,153,783$18,432,253$38,600,779
76$54,003,035$24,233,472$18,994,887$41,833,309
77$59,454,770$25,364,338$19,574,641$45,365,900
78$65,460,800$26,548,834$20,172,035$49,227,859
79$72,077,607$27,789,532$20,787,604$53,451,418
80$79,367,432$29,089,129$21,421,898$58,072,039
81$87,398,863$30,450,449$22,075,485$63,128,735
82$96,247,483$31,876,457$22,748,949$68,664,430
83$105,996,582$33,370,259$23,442,894$74,726,357
84$116,737,941$34,935,110$24,157,939$81,366,491
85$128,572,705$36,574,424$24,894,724$88,642,031
86$141,612,331$38,291,781$25,653,908$96,615,929
87$155,979,643$40,090,933$26,436,168$105,357,474
88$171,809,991$41,975,813$27,242,204$114,942,932
89$189,252,528$43,950,545$28,072,735$125,456,257
90$208,471,618$46,019,454$28,928,504$136,989,865
91$229,648,388$48,187,072$29,810,274$149,645,500
92$252,982,437$50,458,152$30,718,832$163,535,176
93$278,693,722$52,837,678$31,654,989$178,782,218
94$307,024,631$55,330,873$32,619,580$195,522,415
95$338,242,273$57,943,216$33,613,466$213,905,284
96$372,641,000$60,680,449$34,637,532$234,095,463
97$410,545,185$63,548,593$35,692,692$256,274,249
98$452,312,283$66,553,964$36,779,886$280,641,289
99$498,336,207$69,703,179$37,900,084$307,416,448
100$549,051,045$73,003,180$39,054,282$336,841,863