Can I retire at age 61 with 8,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$668,890$662,932$657,119$651,446$645,905$631,060
2 years$331,134$324,967$318,990$313,195$307,574$292,699
3 years$218,563$212,369$206,408$200,667$195,138$180,698
4 years$162,289$156,114$150,212$144,569$139,174$125,281
5 years$128,533$122,395$116,571$111,043$105,798$92,491
6 years$106,036$99,945$94,206$88,802$83,714$71,007
7 years$89,974$83,934$78,286$73,009$68,082$55,976
8 years$77,932$71,947$66,393$61,245$56,481$44,972
9 years$68,572$62,642$57,184$52,168$47,565$36,644
10 years$61,087$55,216$49,854$44,969$40,528$30,183
11 years$54,968$49,156$43,891$39,136$34,855$25,072
12 years$49,872$44,120$38,952$34,328$30,205$20,968
13 years$45,564$39,871$34,801$30,306$26,339$17,632
14 years$41,874$36,242$31,269$26,903$23,089$14,892
15 years$38,679$33,108$28,232$23,992$20,329$12,625
16 years$35,886$30,376$25,596$21,483$17,967$10,735
17 years$33,424$27,975$23,291$19,302$15,931$9,152
18 years$31,239$25,850$21,262$17,395$14,165$7,819
19 years$29,285$23,957$19,464$15,718$12,625$6,692
20 years$27,529$22,262$17,863$14,236$11,277$5,736
21 years$25,943$20,737$16,431$12,920$10,092$4,924
22 years$24,502$19,357$15,144$11,747$9,046$4,231
23 years$23,189$18,104$13,983$10,698$8,120$3,639
24 years$21,987$16,962$12,931$9,757$7,299$3,132
25 years$20,883$15,918$11,977$8,911$6,568$2,698
26 years$19,866$14,961$11,108$8,148$5,916$2,325
27 years$18,925$14,080$10,315$7,458$5,334$2,005
28 years$18,053$13,267$9,589$6,833$4,813$1,730
29 years$17,243$12,516$8,923$6,266$4,346$1,493
30 years$16,488$11,820$8,312$5,751$3,927$1,289
31 years$15,783$11,174$7,749$5,281$3,550$1,113
32 years$15,124$10,573$7,230$4,854$3,211$961
33 years$14,506$10,013$6,751$4,463$2,906$830
34 years$13,925$9,490$6,307$4,107$2,631$717
35 years$13,379$9,001$5,897$3,781$2,383$620
36 years$12,865$8,543$5,516$3,482$2,159$536
37 years$12,379$8,114$5,163$3,208$1,957$463
38 years$11,920$7,711$4,835$2,957$1,774$400
39 years$11,486$7,333$4,530$2,726$1,609$346
40 years$11,074$6,976$4,246$2,515$1,459$299
41 years$10,683$6,641$3,981$2,320$1,324$259
42 years$10,312$6,325$3,735$2,141$1,201$224
43 years$9,960$6,026$3,504$1,977$1,090$194
44 years$9,624$5,744$3,290$1,825$990$167
45 years$9,304$5,477$3,089$1,685$898$145
46 years$8,999$5,225$2,901$1,557$816$125
47 years$8,708$4,987$2,726$1,438$741$108
48 years$8,429$4,760$2,561$1,329$673$94
49 years$8,163$4,546$2,407$1,228$611$81
50 years$7,908$4,342$2,263$1,135$555$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,100,000, adding $6,409 every year, while hoping to spend $39,724 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: 36/38/26 Blend
60$8,100,000$8,100,000$8,100,000$8,100,000
61$8,932,811$8,503,511$8,377,961$9,184,313
62$9,801,692$8,877,917$8,616,357$9,745,451
63$10,757,867$9,269,337$8,861,407$10,346,745
64$11,810,198$9,678,564$9,113,293$10,995,125
65$12,968,451$10,106,427$9,372,202$11,694,843
66$14,243,385$10,553,793$9,638,322$12,450,567
67$15,646,854$11,021,573$9,911,850$13,267,414
68$17,191,923$11,510,720$10,192,986$14,151,001
69$18,892,985$12,022,231$10,481,937$15,107,492
70$20,765,901$12,557,152$10,778,914$16,143,652
71$22,828,149$13,116,578$11,084,133$17,266,909
72$25,098,985$13,701,655$11,397,817$18,485,422
73$27,599,631$14,313,586$11,720,193$19,808,148
74$30,353,471$14,953,629$12,051,497$21,244,930
75$33,386,270$15,623,103$12,391,968$22,806,579
76$36,726,423$16,323,388$12,741,852$24,504,977
77$40,405,216$17,055,931$13,101,401$26,353,181
78$44,457,126$17,822,250$13,470,876$28,365,542
79$48,920,143$18,623,931$13,850,541$30,557,836
80$53,836,133$19,462,638$14,240,669$32,947,409
81$59,251,227$20,340,116$14,641,540$35,553,332
82$65,216,261$21,258,190$15,053,440$38,396,578
83$71,787,252$22,218,774$15,476,663$41,500,213
84$79,025,931$23,223,873$15,911,511$44,889,606
85$87,000,321$24,275,588$16,358,291$48,592,663
86$95,785,382$25,376,120$16,817,322$52,640,087
87$105,463,716$26,527,776$17,288,928$57,065,653
88$116,126,350$27,732,971$17,773,442$61,906,527
89$127,873,590$28,994,239$18,271,204$67,203,604
90$140,815,973$30,314,234$18,782,567$73,001,887
91$155,075,306$31,695,735$19,307,886$79,350,906
92$170,785,818$33,141,657$19,847,532$86,305,172
93$188,095,427$34,655,054$20,401,880$93,924,685
94$207,167,134$36,239,125$20,971,316$102,275,491
95$228,180,563$37,897,223$21,556,236$111,430,294
96$251,333,657$39,632,864$22,157,046$121,469,131
97$276,844,545$41,449,729$22,774,162$132,480,119
98$304,953,601$43,351,678$23,408,009$144,560,273
99$335,925,715$45,342,756$24,059,024$157,816,408
100$370,052,790$47,427,204$24,727,653$172,366,139