Can I retire at age 61 with 11,900,000?

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 $11,900,000?

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$982,691$973,938$965,398$957,062$948,923$932,052
2 years$486,481$477,420$468,640$460,126$451,868$434,929
3 years$321,099$311,999$303,241$294,807$286,684$270,203
4 years$238,424$229,353$220,682$212,392$204,465$188,571
5 years$188,832$179,815$171,258$163,137$155,431$140,168
6 years$155,782$146,833$138,402$130,462$122,987$108,373
7 years$132,184$123,310$115,013$107,260$100,022$86,060
8 years$114,493$105,699$97,540$89,978$82,978$69,665
9 years$100,741$92,030$84,011$76,641$69,879$57,209
10 years$89,746$81,120$73,243$66,065$59,541$47,500
11 years$80,756$72,217$64,482$57,497$51,207$39,784
12 years$73,269$64,818$57,226$50,432$44,375$33,553
13 years$66,939$58,576$51,128$44,524$38,696$28,459
14 years$61,518$53,244$45,938$39,524$33,920$24,251
15 years$56,825$48,640$41,476$35,248$29,866$20,745
16 years$52,721$44,626$37,604$31,561$26,396$17,803
17 years$49,105$41,099$34,218$28,357$23,404$15,319
18 years$45,894$37,977$31,237$25,556$20,810$13,213
19 years$43,024$35,197$28,596$23,092$18,548$11,418
20 years$40,444$32,707$26,244$20,914$16,568$9,884
21 years$38,113$30,465$24,139$18,981$14,826$8,568
22 years$35,997$28,438$22,248$17,258$13,290$7,436
23 years$34,068$26,597$20,542$15,717$11,930$6,461
24 years$32,302$24,920$18,998$14,335$10,723$5,618
25 years$30,680$23,386$17,596$13,091$9,649$4,890
26 years$29,185$21,979$16,319$11,970$8,691$4,258
27 years$27,803$20,685$15,154$10,957$7,836$3,711
28 years$26,523$19,491$14,088$10,039$7,070$3,235
29 years$25,332$18,388$13,110$9,206$6,384$2,822
30 years$24,223$17,365$12,211$8,448$5,769$2,462
31 years$23,188$16,416$11,384$7,759$5,215$2,149
32 years$22,219$15,533$10,622$7,131$4,718$1,877
33 years$21,311$14,710$9,917$6,557$4,270$1,639
34 years$20,458$13,942$9,266$6,033$3,866$1,432
35 years$19,656$13,223$8,663$5,554$3,501$1,251
36 years$18,900$12,551$8,104$5,115$3,172$1,093
37 years$18,186$11,921$7,586$4,713$2,875$955
38 years$17,512$11,329$7,104$4,344$2,607$835
39 years$16,874$10,773$6,655$4,005$2,364$730
40 years$16,269$10,249$6,238$3,694$2,144$638
41 years$15,695$9,756$5,849$3,409$1,945$558
42 years$15,150$9,292$5,487$3,146$1,765$488
43 years$14,632$8,853$5,149$2,904$1,602$427
44 years$14,139$8,439$4,833$2,681$1,454$373
45 years$13,669$8,047$4,538$2,476$1,320$326
46 years$13,221$7,677$4,262$2,287$1,198$285
47 years$12,793$7,326$4,004$2,113$1,088$250
48 years$12,384$6,994$3,763$1,953$988$218
49 years$11,993$6,678$3,537$1,805$898$191
50 years$11,619$6,379$3,325$1,668$815$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,900,000, adding $2,716 every year, while hoping to spend $36,469 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: 70/12/18 Blend
60$11,900,000$11,900,000$11,900,000$11,900,000
61$13,116,602$12,485,902$12,301,452$13,978,077
62$14,415,692$13,058,908$12,674,747$15,125,236
63$15,846,068$13,658,769$13,059,326$16,375,784
64$17,421,081$14,286,763$13,455,528$17,743,611
65$19,155,445$14,944,228$13,863,702$19,240,302
66$21,065,372$15,632,568$14,284,208$20,878,607
67$23,168,729$16,353,252$14,717,418$22,672,561
68$25,485,200$17,107,823$15,163,712$24,637,616
69$28,036,480$17,897,895$15,623,486$26,790,781
70$30,846,471$18,725,162$16,097,143$29,150,786
71$33,941,515$19,591,399$16,585,101$31,738,250
72$37,350,637$20,498,465$17,087,790$34,575,878
73$41,105,823$21,448,311$17,605,652$37,688,672
74$45,242,319$22,442,981$18,139,143$41,104,163
75$49,798,965$23,484,615$18,688,733$44,852,668
76$54,818,558$24,575,461$19,254,905$48,967,575
77$60,348,264$25,717,871$19,838,157$53,485,656
78$66,440,053$26,914,313$20,439,001$58,447,407
79$73,151,197$28,167,372$21,057,966$63,897,432
80$80,544,806$29,479,761$21,695,596$69,884,857
81$88,690,428$30,854,321$22,352,450$76,463,792
82$97,664,700$32,294,031$23,029,105$83,693,838
83$107,552,075$33,802,014$23,726,155$91,640,645
84$118,445,618$35,381,544$24,444,213$100,376,531
85$130,447,884$37,036,053$25,183,907$109,981,155
86$143,671,886$38,769,138$25,945,886$120,542,270
87$158,242,164$40,584,571$26,730,819$132,156,545
88$174,295,957$42,486,306$27,539,393$144,930,471
89$191,984,498$44,478,489$28,372,316$158,981,364
90$211,474,447$46,565,465$29,230,319$174,438,469
91$232,949,458$48,751,790$30,114,152$191,444,169
92$256,611,915$51,042,240$31,024,588$210,155,329
93$282,684,844$53,441,824$31,962,426$230,744,770
94$311,414,014$55,955,790$32,928,483$253,402,892
95$343,070,263$58,589,642$33,923,607$278,339,469
96$377,952,047$61,349,153$34,948,665$305,785,620
97$416,388,265$64,240,370$36,004,555$335,995,984
98$458,741,358$67,269,638$37,092,197$369,251,120
99$505,410,734$70,443,608$38,212,543$405,860,145
100$556,836,535$73,769,251$39,366,570$446,163,644