Can I retire at age 61 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$619,343$613,826$608,444$603,190$598,061$594,042
2 years$306,605$300,895$295,361$289,995$284,791$280,738
3 years$202,373$196,638$191,118$185,803$180,683$176,722
4 years$150,267$144,550$139,085$133,860$128,865$125,025
5 years$119,012$113,329$107,936$102,818$97,961$94,254
6 years$98,182$92,542$87,228$82,224$77,513$73,944
7 years$83,309$77,716$72,487$67,601$63,039$59,610
8 years$72,160$66,617$61,475$56,709$52,297$49,007
9 years$63,492$58,002$52,948$48,303$44,041$40,890
10 years$56,562$51,126$46,161$41,638$37,526$34,512
11 years$50,896$45,515$40,640$36,237$32,273$29,394
12 years$46,178$40,851$36,067$31,785$27,967$25,221
13 years$42,189$36,918$32,223$28,062$24,388$21,771
14 years$38,772$33,557$28,953$24,910$21,378$18,888
15 years$35,814$30,655$26,140$22,215$18,823$16,456
16 years$33,228$28,126$23,700$19,891$16,636$14,388
17 years$30,948$25,903$21,566$17,872$14,751$12,619
18 years$28,925$23,935$19,687$16,106$13,116$11,096
19 years$27,116$22,183$18,023$14,554$11,690$9,779
20 years$25,490$20,613$16,540$13,181$10,442$8,635
21 years$24,021$19,201$15,214$11,963$9,344$7,638
22 years$22,687$17,923$14,022$10,877$8,376$6,766
23 years$21,471$16,763$12,947$9,906$7,519$6,002
24 years$20,358$15,706$11,974$9,035$6,758$5,330
25 years$19,336$14,739$11,090$8,251$6,081$4,737
26 years$18,394$13,852$10,285$7,544$5,478$4,215
27 years$17,523$13,037$9,551$6,905$4,939$3,753
28 years$16,716$12,284$8,879$6,327$4,456$3,344
29 years$15,966$11,589$8,262$5,802$4,024$2,981
30 years$15,267$10,945$7,696$5,325$3,636$2,659
31 years$14,614$10,346$7,175$4,890$3,287$2,374
32 years$14,004$9,790$6,694$4,494$2,973$2,119
33 years$13,431$9,271$6,251$4,133$2,691$1,893
34 years$12,894$8,787$5,840$3,803$2,436$1,691
35 years$12,388$8,334$5,460$3,500$2,207$1,512
36 years$11,912$7,910$5,108$3,224$1,999$1,351
37 years$11,462$7,513$4,781$2,970$1,812$1,209
38 years$11,037$7,140$4,477$2,738$1,643$1,081
39 years$10,635$6,789$4,194$2,524$1,490$967
40 years$10,254$6,460$3,931$2,328$1,351$865
41 years$9,892$6,149$3,686$2,148$1,226$774
42 years$9,549$5,856$3,458$1,983$1,112$693
43 years$9,222$5,580$3,245$1,830$1,010$620
44 years$8,911$5,319$3,046$1,690$916$555
45 years$8,615$5,072$2,860$1,561$832$497
46 years$8,332$4,838$2,686$1,442$755$445
47 years$8,063$4,617$2,524$1,332$686$399
48 years$7,805$4,408$2,372$1,231$623$357
49 years$7,558$4,209$2,229$1,137$566$320
50 years$7,323$4,021$2,096$1,051$514$286

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $7,500,000, adding $4,921 every year, while hoping to spend $21,084 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: 26/45/29 Blend
60$7,500,000$7,500,000$7,500,000$7,500,000
61$8,270,076$7,872,576$7,756,326$8,410,183
62$9,091,191$8,235,899$7,993,730$8,889,712
63$9,995,352$8,616,318$8,238,380$9,401,716
64$10,991,009$9,014,649$8,490,497$9,950,629
65$12,087,472$9,431,746$8,750,308$10,539,592
66$13,294,998$9,868,506$9,018,047$11,172,035
67$14,624,891$10,325,866$9,293,955$11,851,714
68$16,089,609$10,804,812$9,578,281$12,582,736
69$17,702,876$11,306,376$9,871,281$13,369,598
70$19,479,819$11,831,638$10,173,219$14,217,224
71$21,437,105$12,381,732$10,484,366$15,131,006
72$23,593,099$12,957,846$10,805,001$16,116,850
73$25,968,041$13,561,227$11,135,415$17,181,230
74$28,584,233$14,193,179$11,475,904$18,331,242
75$31,466,252$14,855,072$11,826,773$19,574,665
76$34,641,179$15,548,340$12,188,340$20,920,031
77$38,138,858$16,274,487$12,560,927$22,376,697
78$41,992,175$17,035,090$12,944,872$23,954,932
79$46,237,369$17,831,802$13,340,518$25,666,001
80$50,914,376$18,666,355$13,748,220$27,522,273
81$56,067,203$19,540,567$14,168,346$29,537,323
82$61,744,344$20,456,341$14,601,272$31,726,057
83$67,999,240$21,415,675$15,047,387$34,104,847
84$74,890,779$22,420,660$15,507,092$36,691,674
85$82,483,858$23,473,492$15,980,799$39,506,290
86$90,849,989$24,576,470$16,468,933$42,570,400
87$100,067,977$25,732,006$16,971,931$45,907,852
88$110,224,666$26,942,630$17,490,246$49,544,857
89$121,415,754$28,210,991$18,024,342$53,510,227
90$133,746,701$29,539,869$18,574,697$57,835,631
91$147,333,720$30,932,179$19,141,805$62,555,893
92$162,304,879$32,390,975$19,726,175$67,709,299
93$178,801,303$33,919,459$20,328,329$73,337,955
94$196,978,515$35,520,992$20,948,807$79,488,167
95$217,007,896$37,199,093$21,588,164$86,210,869
96$239,078,308$38,957,454$22,246,974$93,562,088
97$263,397,873$40,799,947$22,925,825$101,603,459
98$290,195,941$42,730,630$23,625,325$110,402,793
99$319,725,254$44,753,758$24,346,101$120,034,702
100$352,264,331$46,873,793$25,088,796$130,581,287