Can I retire at age 61 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$644,117$638,379$632,782$627,318$621,983$610,925
2 years$318,870$312,931$307,176$301,595$296,182$285,079
3 years$210,468$204,504$198,763$193,235$187,910$177,108
4 years$156,278$150,332$144,648$139,215$134,019$123,601
5 years$123,772$117,862$112,253$106,930$101,879$91,875
6 years$102,109$96,243$90,717$85,513$80,614$71,034
7 years$86,641$80,825$75,386$70,305$65,560$56,409
8 years$75,046$69,282$63,934$58,977$54,389$45,663
9 years$66,032$60,322$55,066$50,235$45,803$37,498
10 years$58,825$53,171$48,008$43,303$39,027$31,135
11 years$52,932$47,335$42,265$37,687$33,564$26,077
12 years$48,025$42,486$37,509$33,057$29,086$21,993
13 years$43,876$38,395$33,512$29,184$25,364$18,654
14 years$40,323$34,900$30,111$25,906$22,234$15,896
15 years$37,246$31,881$27,186$23,104$19,576$13,597
16 years$34,557$29,251$24,648$20,687$17,301$11,669
17 years$32,186$26,939$22,429$18,587$15,341$10,041
18 years$30,082$24,893$20,475$16,751$13,640$8,660
19 years$28,201$23,070$18,744$15,136$12,158$7,484
20 years$26,510$21,438$17,202$13,708$10,860$6,478
21 years$24,982$19,969$15,822$12,441$9,718$5,616
22 years$23,595$18,640$14,583$11,312$8,711$4,874
23 years$22,330$17,434$13,465$10,302$7,819$4,235
24 years$21,173$16,334$12,453$9,396$7,028$3,683
25 years$20,110$15,329$11,534$8,581$6,324$3,205
26 years$19,130$14,407$10,697$7,846$5,697$2,791
27 years$18,224$13,558$9,933$7,182$5,136$2,432
28 years$17,384$12,776$9,234$6,580$4,634$2,121
29 years$16,604$12,053$8,593$6,034$4,185$1,850
30 years$15,877$11,382$8,004$5,538$3,781$1,614
31 years$15,199$10,760$7,462$5,086$3,419$1,409
32 years$14,564$10,181$6,962$4,674$3,092$1,230
33 years$13,969$9,642$6,501$4,298$2,799$1,074
34 years$13,410$9,138$6,074$3,955$2,534$938
35 years$12,884$8,667$5,678$3,640$2,295$820
36 years$12,388$8,227$5,312$3,353$2,079$716
37 years$11,921$7,813$4,972$3,089$1,885$626
38 years$11,479$7,426$4,656$2,847$1,709$547
39 years$11,060$7,061$4,362$2,625$1,549$479
40 years$10,664$6,718$4,089$2,422$1,405$418
41 years$10,288$6,395$3,834$2,234$1,275$366
42 years$9,931$6,090$3,596$2,062$1,157$320
43 years$9,591$5,803$3,375$1,903$1,050$280
44 years$9,268$5,531$3,168$1,757$953$245
45 years$8,959$5,275$2,974$1,623$865$214
46 years$8,666$5,032$2,794$1,499$786$187
47 years$8,385$4,802$2,625$1,385$713$164
48 years$8,117$4,584$2,466$1,280$648$143
49 years$7,861$4,377$2,318$1,183$588$125
50 years$7,616$4,182$2,179$1,093$534$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $7,800,000, adding $6,140 every year, while hoping to spend $51,993 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: 44/39/17 Blend
60$7,800,000$7,800,000$7,800,000$7,800,000
61$8,601,933$8,188,533$8,067,633$8,937,918
62$9,424,010$8,534,451$8,282,579$9,520,106
63$10,328,197$8,895,577$8,502,983$10,145,113
64$11,322,813$9,272,600$8,728,972$10,821,457
65$12,417,025$9,666,243$8,960,679$11,553,901
66$13,620,935$10,077,262$9,198,235$12,347,676
67$14,945,671$10,506,448$9,441,776$13,208,524
68$16,403,495$10,954,630$9,691,441$14,142,756
69$18,007,918$11,422,673$9,947,371$15,157,302
70$19,773,827$11,911,486$10,209,709$16,259,777
71$21,717,626$12,422,017$10,478,603$17,458,548
72$23,857,388$12,955,260$10,754,200$18,762,813
73$26,213,030$13,512,256$11,036,654$20,182,680
74$28,806,496$14,094,094$11,326,119$21,729,264
75$31,661,967$14,701,913$11,622,753$23,414,784
76$34,806,089$15,336,908$11,926,717$25,252,675
77$38,268,221$16,000,328$12,238,173$27,257,713
78$42,080,716$16,693,480$12,557,288$29,446,152
79$46,279,223$17,417,734$12,884,231$31,835,865
80$50,903,025$18,174,525$13,219,174$34,446,519
81$55,995,410$18,965,353$13,562,293$37,299,746
82$61,604,077$19,791,790$13,913,764$40,419,351
83$67,781,587$20,655,482$14,273,770$43,831,525
84$74,585,862$21,558,153$14,642,494$47,565,089
85$82,080,724$22,501,608$15,020,122$51,651,762
86$90,336,507$23,487,735$15,406,845$56,126,453
87$99,430,711$24,518,514$15,802,854$61,027,585
88$109,448,740$25,596,018$16,208,346$66,397,452
89$120,484,705$26,722,417$16,623,520$72,282,607
90$132,642,312$27,899,983$17,048,575$78,734,303
91$146,035,843$29,131,097$17,483,717$85,808,961
92$160,791,231$30,418,252$17,929,153$93,568,700
93$177,047,249$31,764,059$18,385,093$102,081,916
94$194,956,824$33,171,254$18,851,749$111,423,915
95$214,688,474$34,642,699$19,329,337$121,677,618
96$236,427,903$36,181,396$19,818,074$132,934,335
97$260,379,752$37,790,488$20,318,183$145,294,618
98$286,769,530$39,473,265$20,829,885$158,869,198
99$315,845,743$41,233,176$21,353,407$173,780,020
100$347,882,240$43,073,833$21,888,978$190,161,388