Can I retire at age 61 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$652,375$646,564$640,894$635,360$629,957$621,570
2 years$322,958$316,943$311,114$305,462$299,980$291,543
3 years$213,166$207,126$201,311$195,712$190,319$182,096
4 years$158,282$152,259$146,503$141,000$135,737$127,790
5 years$125,359$119,373$113,692$108,301$103,185$95,537
6 years$103,418$97,477$91,880$86,609$81,647$74,307
7 years$87,752$81,861$76,353$71,206$66,401$59,372
8 years$76,008$70,170$64,753$59,733$55,086$48,368
9 years$66,878$61,096$55,772$50,879$46,390$39,979
10 years$59,579$53,853$48,623$43,859$39,527$33,419
11 years$53,611$47,942$42,807$38,170$33,994$28,183
12 years$48,641$43,030$37,990$33,480$29,459$23,938
13 years$44,439$38,887$33,942$29,558$25,689$20,451
14 years$40,840$35,347$30,497$26,238$22,519$17,556
15 years$37,724$32,290$27,535$23,400$19,827$15,131
16 years$35,000$29,626$24,964$20,952$17,523$13,085
17 years$32,599$27,284$22,716$18,825$15,537$11,348
18 years$30,467$25,212$20,737$16,965$13,815$9,866
19 years$28,562$23,366$18,984$15,330$12,314$8,595
20 years$26,850$21,713$17,422$13,884$10,999$7,501
21 years$25,302$20,225$16,025$12,601$9,843$6,557
22 years$23,897$18,879$14,770$11,457$8,823$5,739
23 years$22,617$17,657$13,637$10,434$7,920$5,028
24 years$21,444$16,544$12,612$9,516$7,118$4,411
25 years$20,367$15,525$11,681$8,691$6,405$3,872
26 years$19,375$14,591$10,834$7,947$5,770$3,402
27 years$18,458$13,732$10,060$7,274$5,202$2,991
28 years$17,607$12,940$9,352$6,664$4,694$2,631
29 years$16,817$12,207$8,703$6,111$4,238$2,315
30 years$16,081$11,528$8,107$5,609$3,830$2,039
31 years$15,394$10,898$7,558$5,151$3,462$1,796
32 years$14,751$10,312$7,051$4,734$3,132$1,582
33 years$14,148$9,765$6,584$4,353$2,834$1,395
34 years$13,582$9,255$6,152$4,005$2,566$1,230
35 years$13,049$8,779$5,751$3,687$2,324$1,084
36 years$12,547$8,332$5,380$3,396$2,106$956
37 years$12,073$7,914$5,036$3,129$1,909$844
38 years$11,626$7,521$4,716$2,884$1,730$744
39 years$11,202$7,152$4,418$2,659$1,569$657
40 years$10,801$6,804$4,141$2,453$1,423$580
41 years$10,420$6,477$3,883$2,263$1,291$512
42 years$10,058$6,168$3,642$2,088$1,172$452
43 years$9,714$5,877$3,418$1,928$1,063$399
44 years$9,386$5,602$3,208$1,780$965$352
45 years$9,074$5,342$3,013$1,644$876$311
46 years$8,777$5,096$2,829$1,518$796$275
47 years$8,493$4,863$2,658$1,403$722$242
48 years$8,221$4,643$2,498$1,296$656$214
49 years$7,962$4,434$2,348$1,198$596$189
50 years$7,713$4,235$2,207$1,107$541$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $7,900,000, adding $3,551 every year, while hoping to spend $37,049 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: 52/26/22 Blend
60$7,900,000$7,900,000$7,900,000$7,900,000
61$8,709,463$8,290,763$8,168,313$9,109,055
62$9,558,408$8,657,590$8,402,531$9,751,989
63$10,492,704$9,041,151$8,643,355$10,446,837
64$11,521,018$9,442,225$8,890,965$11,201,883
65$12,652,898$9,861,630$9,145,548$12,022,866
66$13,898,867$10,300,224$9,407,298$12,916,092
67$15,270,519$10,758,902$9,676,410$13,888,494
68$16,780,630$11,238,606$9,953,088$14,947,697
69$18,443,277$11,740,320$10,237,538$16,102,082
70$20,273,970$12,265,075$10,529,975$17,360,869
71$22,289,803$12,813,952$10,830,617$18,734,196
72$24,509,610$13,388,082$11,139,690$20,233,215
73$26,954,143$13,988,651$11,457,422$21,870,197
74$29,646,272$14,616,902$11,784,053$23,658,637
75$32,611,197$15,274,135$12,119,823$25,613,388
76$35,876,686$15,961,714$12,464,984$27,750,789
77$39,473,337$16,681,068$12,819,791$30,088,823
78$43,434,870$17,433,693$13,184,507$32,647,281
79$47,798,440$18,221,157$13,559,401$35,447,943
80$52,604,990$19,045,103$13,944,750$38,514,782
81$57,899,639$19,907,252$14,340,838$41,874,187
82$63,732,102$20,809,408$14,747,957$45,555,207
83$70,157,169$21,753,461$15,166,405$49,589,819
84$77,235,210$22,741,391$15,596,490$54,013,231
85$85,032,755$23,775,273$16,038,526$58,864,202
86$93,623,115$24,857,280$16,492,836$64,185,411
87$103,087,079$25,989,693$16,959,751$70,023,848
88$113,513,670$27,174,897$17,439,612$76,431,258
89$125,000,992$28,415,395$17,932,767$83,464,619
90$137,657,153$29,713,809$18,439,574$91,186,677
91$151,601,283$31,072,886$18,960,400$99,666,532
92$166,964,661$32,495,505$19,495,622$108,980,285
93$183,891,956$33,984,684$20,045,624$119,211,745
94$202,542,588$35,543,585$20,610,805$130,453,220
95$223,092,233$37,175,523$21,191,568$142,806,377
96$245,734,487$38,883,970$21,788,332$156,383,195
97$270,682,687$40,672,566$22,401,523$171,307,015
98$298,171,926$42,545,127$23,031,580$187,713,696
99$328,461,276$44,505,651$23,678,950$205,752,888
100$361,836,227$46,558,329$24,344,096$225,589,438