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%14.2%
1 years$982,691$973,938$965,398$957,062$948,923$932,435
2 years$486,481$477,420$468,640$460,126$451,868$435,311
3 years$321,099$311,999$303,241$294,807$286,684$270,572
4 years$238,424$229,353$220,682$212,392$204,465$188,923
5 years$188,832$179,815$171,258$163,137$155,431$140,504
6 years$155,782$146,833$138,402$130,462$122,987$108,692
7 years$132,184$123,310$115,013$107,260$100,022$86,361
8 years$114,493$105,699$97,540$89,978$82,978$69,950
9 years$100,741$92,030$84,011$76,641$69,879$57,476
10 years$89,746$81,120$73,243$66,065$59,541$47,752
11 years$80,756$72,217$64,482$57,497$51,207$40,020
12 years$73,269$64,818$57,226$50,432$44,375$33,774
13 years$66,939$58,576$51,128$44,524$38,696$28,665
14 years$61,518$53,244$45,938$39,524$33,920$24,443
15 years$56,825$48,640$41,476$35,248$29,866$20,923
16 years$52,721$44,626$37,604$31,561$26,396$17,969
17 years$49,105$41,099$34,218$28,357$23,404$15,473
18 years$45,894$37,977$31,237$25,556$20,810$13,355
19 years$43,024$35,197$28,596$23,092$18,548$11,550
20 years$40,444$32,707$26,244$20,914$16,568$10,005
21 years$38,113$30,465$24,139$18,981$14,826$8,679
22 years$35,997$28,438$22,248$17,258$13,290$7,539
23 years$34,068$26,597$20,542$15,717$11,930$6,555
24 years$32,302$24,920$18,998$14,335$10,723$5,705
25 years$30,680$23,386$17,596$13,091$9,649$4,969
26 years$29,185$21,979$16,319$11,970$8,691$4,331
27 years$27,803$20,685$15,154$10,957$7,836$3,777
28 years$26,523$19,491$14,088$10,039$7,070$3,296
29 years$25,332$18,388$13,110$9,206$6,384$2,877
30 years$24,223$17,365$12,211$8,448$5,769$2,512
31 years$23,188$16,416$11,384$7,759$5,215$2,195
32 years$22,219$15,533$10,622$7,131$4,718$1,918
33 years$21,311$14,710$9,917$6,557$4,270$1,676
34 years$20,458$13,942$9,266$6,033$3,866$1,466
35 years$19,656$13,223$8,663$5,554$3,501$1,282
36 years$18,900$12,551$8,104$5,115$3,172$1,121
37 years$18,186$11,921$7,586$4,713$2,875$981
38 years$17,512$11,329$7,104$4,344$2,607$858
39 years$16,874$10,773$6,655$4,005$2,364$751
40 years$16,269$10,249$6,238$3,694$2,144$657
41 years$15,695$9,756$5,849$3,409$1,945$575
42 years$15,150$9,292$5,487$3,146$1,765$503
43 years$14,632$8,853$5,149$2,904$1,602$440
44 years$14,139$8,439$4,833$2,681$1,454$385
45 years$13,669$8,047$4,538$2,476$1,320$337
46 years$13,221$7,677$4,262$2,287$1,198$295
47 years$12,793$7,326$4,004$2,113$1,088$258
48 years$12,384$6,994$3,763$1,953$988$226
49 years$11,993$6,678$3,537$1,805$898$198
50 years$11,619$6,379$3,325$1,668$815$173

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 $3,860 every year, while hoping to spend $38,309 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: 42/40/18 Blend
60$11,900,000$11,900,000$11,900,000$11,900,000
61$13,117,782$12,487,082$12,302,632$13,599,399
62$14,415,035$13,058,188$12,674,009$14,511,607
63$15,843,324$13,655,995$13,056,544$15,494,767
64$17,415,974$14,281,770$13,450,570$16,558,619
65$19,147,669$14,936,842$13,856,429$17,710,580
66$21,054,587$15,622,603$14,274,475$18,958,789
67$23,154,557$16,340,513$14,705,072$20,312,178
68$25,467,225$17,092,101$15,148,595$21,780,551
69$28,014,238$17,878,970$15,605,430$23,374,671
70$30,819,452$18,702,801$16,075,973$25,106,360
71$33,909,151$19,565,354$16,560,633$26,988,598
72$37,312,303$20,468,475$17,059,833$29,035,645
73$41,060,826$21,414,097$17,574,005$31,263,165
74$45,189,891$22,404,250$18,103,596$33,688,373
75$49,738,259$23,441,056$18,649,065$36,330,185
76$54,748,638$24,526,745$19,210,885$39,209,391
77$60,268,095$25,663,651$19,789,545$42,348,846
78$66,348,491$26,854,220$20,385,546$45,773,673
79$73,046,978$28,101,019$20,999,403$49,511,498
80$80,426,537$29,406,735$21,631,649$53,592,697
81$88,556,566$30,774,188$22,282,832$58,050,676
82$97,513,543$32,206,331$22,953,515$62,922,177
83$107,381,745$33,706,261$23,644,278$68,247,612
84$118,254,041$35,277,226$24,355,719$74,071,440
85$130,232,771$36,922,627$25,088,453$80,442,571
86$143,430,711$38,646,034$25,843,114$87,414,815
87$157,972,138$40,451,184$26,620,353$95,047,385
88$173,994,002$42,341,998$27,420,841$103,405,436
89$191,647,221$44,322,587$28,245,270$112,560,673
90$211,098,103$46,397,258$29,094,351$122,592,008
91$232,529,914$48,570,529$29,968,817$133,586,299
92$256,144,614$50,847,133$30,869,421$145,639,145
93$282,164,757$53,232,036$31,796,939$158,855,783
94$310,835,597$55,730,441$32,752,172$173,352,057
95$342,427,399$58,347,803$33,735,940$189,255,499
96$377,237,992$61,089,844$34,749,092$206,706,516
97$415,595,580$63,962,559$35,792,500$225,859,690
98$457,861,840$66,972,235$36,867,059$246,885,226
99$504,435,337$70,125,464$37,973,695$269,970,535
100$555,755,286$73,429,156$39,113,358$295,321,978