Can I retire at age 61 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$974,433$965,753$957,285$949,019$940,949$917,829
2 years$482,393$473,408$464,701$456,259$448,071$424,921
3 years$318,401$309,378$300,693$292,330$284,274$261,818
4 years$236,421$227,425$218,827$210,607$202,747$181,157
5 years$187,245$178,304$169,819$161,766$154,125$133,461
6 years$154,473$145,599$137,239$129,366$121,954$102,237
7 years$131,073$122,274$114,046$106,359$99,181$80,413
8 years$113,531$104,811$96,720$89,222$82,280$64,454
9 years$99,894$91,257$83,305$75,997$69,292$52,392
10 years$88,992$80,438$72,627$65,510$59,040$43,047
11 years$80,077$71,610$63,940$57,014$50,777$35,668
12 years$72,653$64,273$56,745$50,009$44,002$29,751
13 years$66,377$58,084$50,698$44,150$38,370$24,950
14 years$61,001$52,797$45,552$39,192$33,635$21,016
15 years$56,347$48,231$41,128$34,952$29,615$17,767
16 years$52,278$44,251$37,288$31,296$26,174$15,065
17 years$48,692$40,753$33,931$28,119$23,208$12,806
18 years$45,508$37,658$30,974$25,341$20,635$10,908
19 years$42,662$34,901$28,356$22,898$18,393$9,308
20 years$40,104$32,432$26,023$20,738$16,429$7,955
21 years$37,793$30,209$23,936$18,821$14,702$6,807
22 years$35,695$28,199$22,061$17,113$13,178$5,831
23 years$33,782$26,374$20,370$15,585$11,829$4,999
24 years$32,031$24,711$18,838$14,214$10,633$4,289
25 years$30,422$23,190$17,448$12,981$9,568$3,683
26 years$28,940$21,795$16,182$11,870$8,618$3,164
27 years$27,570$20,511$15,027$10,864$7,770$2,719
28 years$26,300$19,328$13,969$9,954$7,011$2,338
29 years$25,119$18,233$13,000$9,128$6,331$2,011
30 years$24,020$17,219$12,109$8,377$5,720$1,731
31 years$22,993$16,278$11,289$7,694$5,172$1,490
32 years$22,033$15,402$10,532$7,071$4,678$1,282
33 years$21,132$14,586$9,834$6,502$4,234$1,104
34 years$20,286$13,825$9,188$5,983$3,833$951
35 years$19,491$13,112$8,591$5,507$3,472$819
36 years$18,741$12,446$8,036$5,072$3,146$705
37 years$18,034$11,820$7,522$4,673$2,851$608
38 years$17,365$11,234$7,044$4,308$2,585$524
39 years$16,732$10,682$6,599$3,972$2,344$451
40 years$16,132$10,163$6,186$3,663$2,126$389
41 years$15,564$9,674$5,800$3,380$1,929$335
42 years$15,023$9,213$5,441$3,119$1,750$289
43 years$14,509$8,779$5,105$2,879$1,588$249
44 years$14,020$8,368$4,792$2,659$1,442$214
45 years$13,554$7,979$4,500$2,455$1,309$185
46 years$13,109$7,612$4,226$2,268$1,188$159
47 years$12,685$7,264$3,971$2,095$1,079$137
48 years$12,280$6,935$3,731$1,936$980$118
49 years$11,892$6,622$3,507$1,789$890$102
50 years$11,521$6,326$3,297$1,654$808$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,800,000, adding $5,406 every year, while hoping to spend $21,015 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: 74/16/10 Blend
60$11,800,000$11,800,000$11,800,000$11,800,000
61$13,009,176$12,383,776$12,200,876$13,947,693
62$14,313,752$12,968,222$12,587,246$15,151,995
63$15,750,691$13,580,600$12,985,854$16,467,829
64$17,333,471$14,222,259$13,397,090$17,908,814
65$19,076,945$14,894,610$13,821,352$19,487,342
66$20,997,480$15,599,132$14,259,055$21,217,051
67$23,113,113$16,337,380$14,710,623$23,112,953
68$25,443,717$17,110,978$15,176,495$25,191,574
69$28,011,195$17,921,635$15,657,127$27,471,109
70$30,839,681$18,771,139$16,152,984$29,971,585
71$33,955,769$19,661,365$16,664,550$32,715,057
72$37,388,767$20,594,282$17,192,322$35,725,805
73$41,170,971$21,571,951$17,736,814$39,030,565
74$45,337,969$22,596,535$18,298,556$42,658,777
75$49,928,978$23,670,302$18,878,095$46,642,858
76$54,987,217$24,795,630$19,475,994$51,018,510
77$60,560,308$25,975,011$20,092,835$55,825,046
78$66,700,734$27,211,061$20,729,219$61,105,766
79$73,466,325$28,506,519$21,385,764$66,908,355
80$80,920,814$29,864,263$22,063,111$73,285,333
81$89,134,430$31,287,304$22,761,918$80,294,544
82$98,184,565$32,778,805$23,482,865$87,999,701
83$108,156,504$34,342,080$24,226,655$96,470,982
84$119,144,230$35,980,604$24,994,010$105,785,686
85$131,251,310$37,698,023$25,785,678$116,028,959
86$144,591,875$39,498,158$26,602,430$127,294,594
87$159,291,696$41,385,016$27,445,061$139,685,908
88$175,489,368$43,362,802$28,314,390$153,316,715
89$193,337,626$45,435,921$29,211,264$168,312,393
90$213,004,778$47,608,996$30,136,556$184,811,062
91$234,676,302$49,886,873$31,091,167$202,964,879
92$258,556,590$52,274,635$32,076,026$222,941,474
93$284,870,881$54,777,611$33,092,092$244,925,517
94$313,867,388$57,401,391$34,140,354$269,120,461
95$345,819,638$60,151,836$35,221,833$295,750,452
96$381,029,058$63,035,093$36,337,581$325,062,438
97$419,827,817$66,057,607$37,488,685$357,328,491
98$462,581,964$69,226,139$38,676,265$392,848,366
99$509,694,883$72,547,779$39,901,479$431,952,325
100$561,611,100$76,029,959$41,165,518$475,004,242