Can I retire at age 61 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,008,753
2 years$535,538$525,564$515,897$506,525$497,434$461,672
3 years$353,479$343,462$333,820$324,536$315,593$281,050
4 years$262,467$252,481$242,935$233,810$225,083$192,025
5 years$207,874$197,948$188,528$179,588$171,105$139,618
6 years$171,491$161,639$152,358$143,618$135,389$105,499
7 years$145,513$135,744$126,611$118,076$110,108$81,809
8 years$126,039$116,358$107,376$99,051$91,345$64,615
9 years$110,900$101,311$92,483$84,370$76,926$51,731
10 years$98,796$89,300$80,629$72,728$65,545$41,844
11 years$88,899$79,499$70,984$63,295$56,371$34,117
12 years$80,658$71,354$62,997$55,518$48,850$27,992
13 years$73,689$64,483$56,283$49,014$42,598$23,081
14 years$67,722$58,613$50,571$43,509$37,341$19,109
15 years$62,555$53,544$45,659$38,803$32,878$15,872
16 years$58,038$49,126$41,396$34,744$29,058$13,219
17 years$54,057$45,243$37,669$31,217$25,764$11,033
18 years$50,522$41,807$34,387$28,133$22,909$9,225
19 years$47,362$38,746$31,480$25,420$20,419$7,725
20 years$44,523$36,005$28,890$23,023$18,239$6,478
21 years$41,957$33,537$26,574$20,895$16,321$5,437
22 years$39,627$31,305$24,492$18,998$14,630$4,567
23 years$37,503$29,279$22,614$17,302$13,133$3,840
24 years$35,559$27,433$20,914$15,780$11,804$3,230
25 years$33,774$25,744$19,370$14,412$10,622$2,718
26 years$32,128$24,196$17,965$13,177$9,568$2,289
27 years$30,607$22,771$16,682$12,061$8,626$1,928
28 years$29,197$21,457$15,508$11,051$7,783$1,624
29 years$27,887$20,242$14,432$10,134$7,028$1,369
30 years$26,666$19,117$13,443$9,300$6,350$1,154
31 years$25,526$18,071$12,532$8,542$5,741$973
32 years$24,460$17,099$11,693$7,850$5,194$820
33 years$23,460$16,193$10,918$7,219$4,700$692
34 years$22,521$15,348$10,201$6,642$4,255$583
35 years$21,638$14,557$9,537$6,114$3,854$492
36 years$20,806$13,817$8,922$5,631$3,492$415
37 years$20,020$13,123$8,350$5,188$3,165$350
38 years$19,278$12,471$7,820$4,782$2,869$295
39 years$18,575$11,859$7,326$4,409$2,602$249
40 years$17,910$11,283$6,867$4,067$2,360$210
41 years$17,278$10,740$6,439$3,752$2,141$177
42 years$16,678$10,229$6,040$3,463$1,943$150
43 years$16,108$9,746$5,668$3,197$1,763$126
44 years$15,565$9,290$5,320$2,952$1,601$107
45 years$15,047$8,859$4,995$2,726$1,453$90
46 years$14,554$8,451$4,692$2,518$1,319$76
47 years$14,083$8,065$4,408$2,326$1,198$64
48 years$13,632$7,699$4,142$2,150$1,088$54
49 years$13,202$7,352$3,893$1,987$988$46
50 years$12,790$7,023$3,660$1,836$898$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $13,100,000, adding $2,826 every year, while hoping to spend $38,723 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: 70/16/14 Blend
60$13,100,000$13,100,000$13,100,000$13,100,000
61$14,439,115$13,744,815$13,541,765$15,404,376
62$15,870,704$14,377,110$13,954,213$16,678,208
63$17,447,017$15,039,090$14,379,181$18,066,880
64$19,182,775$15,732,167$14,817,046$19,585,637
65$21,094,200$16,457,825$15,268,198$21,247,298
66$23,199,165$17,217,616$15,733,040$23,065,969
67$25,517,368$18,013,167$16,211,985$25,057,178
68$28,070,512$18,846,185$16,705,459$27,238,015
69$30,882,513$19,718,457$17,213,901$29,627,292
70$33,979,726$20,631,858$17,737,763$32,245,721
71$37,391,192$21,588,352$18,277,512$35,116,099
72$41,148,911$22,589,999$18,833,626$38,263,528
73$45,288,148$23,638,957$19,406,600$41,715,645
74$49,847,762$24,737,489$19,996,944$45,502,878
75$54,870,573$25,887,965$20,605,181$49,658,735
76$60,403,768$27,092,872$21,231,852$54,220,109
77$66,499,346$28,354,817$21,877,512$59,227,632
78$73,214,607$29,676,530$22,542,736$64,726,044
79$80,612,692$31,060,875$23,228,113$70,764,622
80$88,763,183$32,510,854$23,934,251$77,397,631
81$97,742,756$34,029,615$24,661,777$84,684,839
82$107,635,906$35,620,455$25,411,335$92,692,071
83$118,535,744$37,286,833$26,183,591$101,491,831
84$130,544,876$39,032,374$26,979,227$111,163,977
85$143,776,372$40,860,879$27,798,950$121,796,470
86$158,354,832$42,776,332$28,643,485$133,486,202
87$174,417,563$44,782,910$29,513,580$146,339,900
88$192,115,874$46,884,993$30,410,005$160,475,131
89$211,616,506$49,087,170$31,333,553$176,021,405
90$233,103,205$51,394,257$32,285,042$193,121,388
91$256,778,454$53,811,297$33,265,313$211,932,246
92$282,865,388$56,343,582$34,275,232$232,627,118
93$311,609,898$58,996,659$35,315,694$255,396,747
94$343,282,955$61,776,342$36,387,616$280,451,266
95$378,183,161$64,688,728$37,491,946$308,022,179
96$416,639,577$67,740,209$38,629,660$338,364,538
97$459,014,822$70,937,487$39,801,762$371,759,338
98$505,708,500$74,287,590$41,009,287$408,516,161
99$557,160,968$77,797,883$42,253,299$448,976,092
100$613,857,500$81,476,093$43,534,898$493,514,925