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%15%
1 years$966,175$957,569$949,172$940,977$932,974$913,764
2 years$478,304$469,397$460,763$452,393$444,274$425,006
3 years$315,702$306,756$298,144$289,852$281,865$263,143
4 years$234,417$225,498$216,973$208,822$201,029$182,995
5 years$185,659$176,793$168,380$160,396$152,819$135,525
6 years$153,164$144,365$136,076$128,270$120,920$104,386
7 years$129,962$121,237$113,080$105,458$98,341$82,568
8 years$112,569$103,923$95,901$88,466$81,583$66,568
9 years$99,048$90,484$82,599$75,353$68,705$54,437
10 years$88,237$79,757$72,012$64,955$58,540$45,005
11 years$79,398$71,003$63,398$56,530$50,346$37,527
12 years$72,038$63,728$56,264$49,585$43,629$31,507
13 years$65,814$57,592$50,268$43,776$38,045$26,600
14 years$60,484$52,349$45,166$38,859$33,350$22,559
15 years$55,870$47,822$40,779$34,656$29,364$19,205
16 years$51,835$43,876$36,972$31,030$25,952$16,400
17 years$48,280$40,408$33,643$27,881$23,011$14,042
18 years$45,122$37,339$30,712$25,126$20,460$12,049
19 years$42,301$34,605$28,115$22,704$18,237$10,359
20 years$39,765$32,157$25,803$20,562$16,289$8,920
21 years$37,473$29,953$23,734$18,662$14,577$7,691
22 years$35,392$27,960$21,874$16,968$13,066$6,639
23 years$33,495$26,150$20,197$15,453$11,729$5,737
24 years$31,759$24,501$18,679$14,094$10,542$4,962
25 years$30,164$22,993$17,300$12,871$9,487$4,294
26 years$28,695$21,610$16,045$11,769$8,545$3,719
27 years$27,336$20,337$14,899$10,772$7,704$3,222
28 years$26,077$19,164$13,851$9,870$6,952$2,793
29 years$24,906$18,079$12,889$9,051$6,277$2,423
30 years$23,816$17,074$12,006$8,306$5,672$2,102
31 years$22,798$16,140$11,193$7,629$5,128$1,824
32 years$21,846$15,272$10,443$7,011$4,638$1,583
33 years$20,953$14,463$9,751$6,447$4,198$1,375
34 years$20,114$13,707$9,111$5,932$3,801$1,194
35 years$19,326$13,001$8,518$5,461$3,442$1,037
36 years$18,582$12,340$7,968$5,029$3,119$901
37 years$17,881$11,720$7,458$4,634$2,827$783
38 years$17,218$11,138$6,984$4,271$2,563$680
39 years$16,590$10,592$6,543$3,938$2,324$591
40 years$15,996$10,077$6,133$3,632$2,108$514
41 years$15,432$9,592$5,751$3,351$1,912$446
42 years$14,896$9,135$5,395$3,093$1,735$388
43 years$14,386$8,704$5,062$2,855$1,575$337
44 years$13,901$8,297$4,752$2,636$1,430$293
45 years$13,439$7,912$4,462$2,435$1,298$255
46 years$12,998$7,548$4,190$2,249$1,178$222
47 years$12,578$7,203$3,937$2,078$1,070$193
48 years$12,176$6,876$3,700$1,920$972$167
49 years$11,791$6,566$3,477$1,774$883$146
50 years$11,423$6,272$3,269$1,640$802$127

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 $6,088 every year, while hoping to spend $26,539 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: 65/19/16 Blend
60$11,700,000$11,700,000$11,700,000$11,700,000
61$12,899,680$12,279,580$12,098,230$13,687,538
62$14,187,210$12,853,042$12,475,283$14,789,237
63$15,605,178$13,453,714$12,864,078$15,989,011
64$17,166,862$14,082,902$13,264,981$17,299,417
65$18,886,892$14,741,973$13,678,367$18,731,267
66$20,781,388$15,432,363$14,104,625$20,296,462
67$22,868,116$16,155,575$14,544,157$22,008,090
68$25,166,651$16,913,186$14,997,373$23,880,559
69$27,698,565$17,706,848$15,464,701$25,929,718
70$30,487,630$18,538,295$15,946,580$28,173,014
71$33,560,039$19,409,342$16,443,461$30,629,645
72$36,944,658$20,321,895$16,955,812$33,320,747
73$40,673,296$21,277,950$17,484,114$36,269,579
74$44,781,003$22,279,601$18,028,863$39,501,750
75$49,306,406$23,329,042$18,590,571$43,045,449
76$54,292,069$24,428,575$19,169,765$46,931,710
77$59,784,896$25,580,611$19,766,988$51,194,703
78$65,836,576$26,787,681$20,382,802$55,872,048
79$72,504,066$28,052,436$21,017,785$61,005,168
80$79,850,132$29,377,658$21,672,533$66,639,677
81$87,943,943$30,766,261$22,347,660$72,825,801
82$96,861,720$32,221,302$23,043,801$79,618,852
83$106,687,455$33,745,986$23,761,609$87,079,742
84$117,513,710$35,343,673$24,501,757$95,275,552
85$129,442,483$37,017,887$25,264,940$104,280,162
86$142,586,175$38,772,323$26,051,875$114,174,940
87$157,068,652$40,610,854$26,863,299$125,049,504
88$173,026,410$42,537,541$27,699,975$137,002,564
89$190,609,867$44,556,644$28,562,688$150,142,841
90$209,984,782$46,672,628$29,452,246$164,590,093
91$231,333,818$48,890,175$30,369,485$180,476,233
92$254,858,270$51,214,196$31,315,265$197,946,570
93$280,779,960$53,649,838$32,290,473$217,161,167
94$309,343,337$56,202,501$33,296,024$238,296,351
95$340,817,778$58,877,844$34,332,862$261,546,362
96$375,500,137$61,681,804$35,401,958$287,125,179
97$413,717,543$64,620,605$36,504,316$315,268,532
98$455,830,491$67,700,773$37,640,969$346,236,115
99$502,236,243$70,929,153$38,812,984$380,314,028
100$553,372,580$74,312,921$40,021,459$417,817,465