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%12.3%
1 years$644,117$638,379$632,782$627,318$621,983$616,000
2 years$318,870$312,931$307,176$301,595$296,182$290,156
3 years$210,468$204,504$198,763$193,235$187,910$182,026
4 years$156,278$150,332$144,648$139,215$134,019$128,323
5 years$123,772$117,862$112,253$106,930$101,879$96,388
6 years$102,109$96,243$90,717$85,513$80,614$75,334
7 years$86,641$80,825$75,386$70,305$65,560$60,495
8 years$75,046$69,282$63,934$58,977$54,389$49,537
9 years$66,032$60,322$55,066$50,235$45,803$41,164
10 years$58,825$53,171$48,008$43,303$39,027$34,596
11 years$52,932$47,335$42,265$37,687$33,564$29,340
12 years$48,025$42,486$37,509$33,057$29,086$25,063
13 years$43,876$38,395$33,512$29,184$25,364$21,538
14 years$40,323$34,900$30,111$25,906$22,234$18,600
15 years$37,246$31,881$27,186$23,104$19,576$16,129
16 years$34,557$29,251$24,648$20,687$17,301$14,035
17 years$32,186$26,939$22,429$18,587$15,341$12,249
18 years$30,082$24,893$20,475$16,751$13,640$10,718
19 years$28,201$23,070$18,744$15,136$12,158$9,398
20 years$26,510$21,438$17,202$13,708$10,860$8,257
21 years$24,982$19,969$15,822$12,441$9,718$7,266
22 years$23,595$18,640$14,583$11,312$8,711$6,403
23 years$22,330$17,434$13,465$10,302$7,819$5,649
24 years$21,173$16,334$12,453$9,396$7,028$4,990
25 years$20,110$15,329$11,534$8,581$6,324$4,411
26 years$19,130$14,407$10,697$7,846$5,697$3,903
27 years$18,224$13,558$9,933$7,182$5,136$3,456
28 years$17,384$12,776$9,234$6,580$4,634$3,062
29 years$16,604$12,053$8,593$6,034$4,185$2,715
30 years$15,877$11,382$8,004$5,538$3,781$2,408
31 years$15,199$10,760$7,462$5,086$3,419$2,137
32 years$14,564$10,181$6,962$4,674$3,092$1,897
33 years$13,969$9,642$6,501$4,298$2,799$1,685
34 years$13,410$9,138$6,074$3,955$2,534$1,496
35 years$12,884$8,667$5,678$3,640$2,295$1,330
36 years$12,388$8,227$5,312$3,353$2,079$1,182
37 years$11,921$7,813$4,972$3,089$1,885$1,051
38 years$11,479$7,426$4,656$2,847$1,709$934
39 years$11,060$7,061$4,362$2,625$1,549$831
40 years$10,664$6,718$4,089$2,422$1,405$739
41 years$10,288$6,395$3,834$2,234$1,275$657
42 years$9,931$6,090$3,596$2,062$1,157$585
43 years$9,591$5,803$3,375$1,903$1,050$520
44 years$9,268$5,531$3,168$1,757$953$463
45 years$8,959$5,275$2,974$1,623$865$412
46 years$8,666$5,032$2,794$1,499$786$367
47 years$8,385$4,802$2,625$1,385$713$326
48 years$8,117$4,584$2,466$1,280$648$290
49 years$7,861$4,377$2,318$1,183$588$258
50 years$7,616$4,182$2,179$1,093$534$230

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 $3,269 every year, while hoping to spend $35,929 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: 65/12/23 Blend
60$7,800,000$7,800,000$7,800,000$7,800,000
61$8,598,972$8,185,572$8,064,672$9,106,587
62$9,437,839$8,548,437$8,296,610$9,811,601
63$10,361,066$8,927,878$8,535,114$10,577,462
64$11,377,220$9,324,669$8,780,366$11,413,679
65$12,495,741$9,739,622$9,032,553$12,327,158
66$13,727,029$10,173,587$9,291,866$13,325,502
67$15,082,546$10,627,452$9,558,503$14,417,081
68$16,574,919$11,102,150$9,832,666$15,611,105
69$18,218,063$11,598,658$10,114,563$16,917,714
70$20,027,312$12,117,999$10,404,408$18,348,071
71$22,019,562$12,661,244$10,702,419$19,914,465
72$24,213,428$13,229,517$11,008,821$21,630,426
73$26,629,427$13,823,993$11,323,846$23,510,853
74$29,290,164$14,445,904$11,647,730$25,572,150
75$32,220,550$15,096,542$11,980,718$27,832,379
76$35,448,032$15,777,258$12,323,058$30,311,433
77$39,002,859$16,489,471$12,675,008$33,031,218
78$42,918,360$17,234,665$13,036,830$36,015,857
79$47,231,265$18,014,396$13,408,796$39,291,919
80$51,982,046$18,830,293$13,791,183$42,888,667
81$57,215,302$19,684,065$14,184,275$46,838,329
82$62,980,179$20,577,501$14,588,365$51,176,404
83$69,330,835$21,512,476$15,003,752$55,941,992
84$76,326,948$22,490,955$15,430,746$61,178,161
85$84,034,282$23,514,997$15,869,661$66,932,354
86$92,525,306$24,586,760$16,320,823$73,256,828
87$101,879,881$25,708,504$16,784,563$80,209,151
88$112,186,007$26,882,599$17,261,224$87,852,738
89$123,540,661$28,111,528$17,751,157$96,257,449
90$136,050,707$29,397,892$18,254,720$105,500,244
91$149,833,909$30,744,418$18,772,282$115,665,909
92$165,020,037$32,153,964$19,304,223$126,847,847
93$181,752,097$33,629,524$19,850,931$139,148,965
94$200,187,678$35,174,238$20,412,804$152,682,631
95$220,500,439$36,791,393$20,990,251$167,573,751
96$242,881,751$38,484,439$21,583,691$183,959,937
97$267,542,500$40,256,986$22,193,555$201,992,803
98$294,715,080$42,112,824$22,820,284$221,839,396
99$324,655,585$44,055,919$23,464,331$243,683,764
100$357,646,228$46,090,433$24,126,159$267,728,689