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%13%
1 years$644,117$638,379$632,782$627,318$621,983$614,211
2 years$318,870$312,931$307,176$301,595$296,182$288,362
3 years$210,468$204,504$198,763$193,235$187,910$180,284
4 years$156,278$150,332$144,648$139,215$134,019$126,647
5 years$123,772$117,862$112,253$106,930$101,879$94,782
6 years$102,109$96,243$90,717$85,513$80,614$73,799
7 years$86,641$80,825$75,386$70,305$65,560$59,032
8 years$75,046$69,282$63,934$58,977$54,389$48,146
9 years$66,032$60,322$55,066$50,235$45,803$39,843
10 years$58,825$53,171$48,008$43,303$39,027$33,345
11 years$52,932$47,335$42,265$37,687$33,564$28,156
12 years$48,025$42,486$37,509$33,057$29,086$23,946
13 years$43,876$38,395$33,512$29,184$25,364$20,484
14 years$40,323$34,900$30,111$25,906$22,234$17,608
15 years$37,246$31,881$27,186$23,104$19,576$15,197
16 years$34,557$29,251$24,648$20,687$17,301$13,160
17 years$32,186$26,939$22,429$18,587$15,341$11,430
18 years$30,082$24,893$20,475$16,751$13,640$9,951
19 years$28,201$23,070$18,744$15,136$12,158$8,681
20 years$26,510$21,438$17,202$13,708$10,860$7,588
21 years$24,982$19,969$15,822$12,441$9,718$6,642
22 years$23,595$18,640$14,583$11,312$8,711$5,822
23 years$22,330$17,434$13,465$10,302$7,819$5,110
24 years$21,173$16,334$12,453$9,396$7,028$4,489
25 years$20,110$15,329$11,534$8,581$6,324$3,947
26 years$19,130$14,407$10,697$7,846$5,697$3,473
27 years$18,224$13,558$9,933$7,182$5,136$3,058
28 years$17,384$12,776$9,234$6,580$4,634$2,694
29 years$16,604$12,053$8,593$6,034$4,185$2,375
30 years$15,877$11,382$8,004$5,538$3,781$2,095
31 years$15,199$10,760$7,462$5,086$3,419$1,848
32 years$14,564$10,181$6,962$4,674$3,092$1,631
33 years$13,969$9,642$6,501$4,298$2,799$1,440
34 years$13,410$9,138$6,074$3,955$2,534$1,272
35 years$12,884$8,667$5,678$3,640$2,295$1,124
36 years$12,388$8,227$5,312$3,353$2,079$993
37 years$11,921$7,813$4,972$3,089$1,885$877
38 years$11,479$7,426$4,656$2,847$1,709$775
39 years$11,060$7,061$4,362$2,625$1,549$685
40 years$10,664$6,718$4,089$2,422$1,405$606
41 years$10,288$6,395$3,834$2,234$1,275$536
42 years$9,931$6,090$3,596$2,062$1,157$474
43 years$9,591$5,803$3,375$1,903$1,050$419
44 years$9,268$5,531$3,168$1,757$953$371
45 years$8,959$5,275$2,974$1,623$865$328
46 years$8,666$5,032$2,794$1,499$786$290
47 years$8,385$4,802$2,625$1,385$713$256
48 years$8,117$4,584$2,466$1,280$648$227
49 years$7,861$4,377$2,318$1,183$588$201
50 years$7,616$4,182$2,179$1,093$534$178

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 $6,357 every year, while hoping to spend $42,264 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: 64/28/8 Blend
60$7,800,000$7,800,000$7,800,000$7,800,000
61$8,602,157$8,188,757$8,067,857$9,138,646
62$9,434,609$8,545,038$8,293,162$9,853,241
63$10,350,554$8,917,360$8,524,598$10,627,848
64$11,358,464$9,306,464$8,762,326$11,472,769
65$12,467,674$9,713,127$9,006,510$12,394,830
66$13,688,469$10,138,163$9,257,320$13,401,538
67$15,032,181$10,582,421$9,514,929$14,501,149
68$16,511,298$11,046,794$9,779,513$15,702,747
69$18,139,578$11,532,215$10,051,255$17,016,325
70$19,932,183$12,039,661$10,330,340$18,452,879
71$21,905,819$12,570,158$10,616,959$20,024,508
72$24,078,892$13,124,775$10,911,307$21,744,526
73$26,471,688$13,704,638$11,213,585$23,627,584
74$29,106,556$14,310,921$11,523,996$25,689,809
75$32,008,126$14,944,857$11,842,751$27,948,950
76$35,203,535$15,607,736$12,170,064$30,424,545
77$38,722,690$16,300,910$12,506,155$33,138,100
78$42,598,543$17,025,793$12,851,250$36,113,291
79$46,867,407$17,783,869$13,205,579$39,376,183
80$51,569,295$18,576,691$13,569,378$42,955,473
81$56,748,299$19,405,885$13,942,889$46,882,757
82$62,453,009$20,273,157$14,326,359$51,192,823
83$68,736,965$21,180,291$14,720,041$55,923,980
84$75,659,168$22,129,157$15,124,195$61,118,409
85$83,284,633$23,121,716$15,539,086$66,822,564
86$91,685,005$24,160,019$15,964,984$73,087,598
87$100,939,232$25,246,217$16,402,168$79,969,848
88$111,134,316$26,382,564$16,850,922$87,531,358
89$122,366,125$27,571,418$17,311,537$95,840,461
90$134,740,306$28,815,254$17,784,310$104,972,419
91$148,373,278$30,116,662$18,269,545$115,010,126
92$163,393,331$31,478,357$18,767,554$126,044,886
93$179,941,837$32,903,184$19,278,654$138,177,268
94$198,174,587$34,394,122$19,803,171$151,518,050
95$218,263,256$35,954,294$20,341,438$166,189,256
96$240,397,027$37,586,974$20,893,795$182,325,303
97$264,784,376$39,295,588$21,460,590$200,074,262
98$291,655,041$41,083,731$22,042,178$219,599,246
99$321,262,188$42,955,166$22,638,923$241,079,945
100$353,884,800$44,913,839$23,251,197$264,714,310