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

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 $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%18.4%
1 years$668,890$662,932$657,119$651,446$645,905$623,982
2 years$331,134$324,967$318,990$313,195$307,574$285,706
3 years$218,563$212,369$206,408$200,667$195,138$174,012
4 years$162,289$156,114$150,212$144,569$139,174$118,952
5 years$128,533$122,395$116,571$111,043$105,798$86,534
6 years$106,036$99,945$94,206$88,802$83,714$65,423
7 years$89,974$83,934$78,286$73,009$68,082$50,761
8 years$77,932$71,947$66,393$61,245$56,481$40,116
9 years$68,572$62,642$57,184$52,168$47,565$32,137
10 years$61,087$55,216$49,854$44,969$40,528$26,011
11 years$54,968$49,156$43,891$39,136$34,855$21,222
12 years$49,872$44,120$38,952$34,328$30,205$17,423
13 years$45,564$39,871$34,801$30,306$26,339$14,377
14 years$41,874$36,242$31,269$26,903$23,089$11,911
15 years$38,679$33,108$28,232$23,992$20,329$9,900
16 years$35,886$30,376$25,596$21,483$17,967$8,251
17 years$33,424$27,975$23,291$19,302$15,931$6,892
18 years$31,239$25,850$21,262$17,395$14,165$5,767
19 years$29,285$23,957$19,464$15,718$12,625$4,833
20 years$27,529$22,262$17,863$14,236$11,277$4,055
21 years$25,943$20,737$16,431$12,920$10,092$3,406
22 years$24,502$19,357$15,144$11,747$9,046$2,864
23 years$23,189$18,104$13,983$10,698$8,120$2,409
24 years$21,987$16,962$12,931$9,757$7,299$2,028
25 years$20,883$15,918$11,977$8,911$6,568$1,708
26 years$19,866$14,961$11,108$8,148$5,916$1,440
27 years$18,925$14,080$10,315$7,458$5,334$1,214
28 years$18,053$13,267$9,589$6,833$4,813$1,023
29 years$17,243$12,516$8,923$6,266$4,346$863
30 years$16,488$11,820$8,312$5,751$3,927$728
31 years$15,783$11,174$7,749$5,281$3,550$614
32 years$15,124$10,573$7,230$4,854$3,211$518
33 years$14,506$10,013$6,751$4,463$2,906$438
34 years$13,925$9,490$6,307$4,107$2,631$369
35 years$13,379$9,001$5,897$3,781$2,383$312
36 years$12,865$8,543$5,516$3,482$2,159$263
37 years$12,379$8,114$5,163$3,208$1,957$222
38 years$11,920$7,711$4,835$2,957$1,774$188
39 years$11,486$7,333$4,530$2,726$1,609$158
40 years$11,074$6,976$4,246$2,515$1,459$134
41 years$10,683$6,641$3,981$2,320$1,324$113
42 years$10,312$6,325$3,735$2,141$1,201$95
43 years$9,960$6,026$3,504$1,977$1,090$81
44 years$9,624$5,744$3,290$1,825$990$68
45 years$9,304$5,477$3,089$1,685$898$57
46 years$8,999$5,225$2,901$1,557$816$49
47 years$8,708$4,987$2,726$1,438$741$41
48 years$8,429$4,760$2,561$1,329$673$35
49 years$8,163$4,546$2,407$1,228$611$29
50 years$7,908$4,342$2,263$1,135$555$25

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 $5,722 every year, while hoping to spend $33,173 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: 25/47/28 Blend
60$8,100,000$8,100,000$8,100,000$8,100,000
61$8,932,102$8,502,802$8,377,252$9,076,798
62$9,807,881$8,884,144$8,622,594$9,579,471
63$10,771,877$9,283,059$8,875,044$10,114,847
64$11,833,054$9,700,375$9,134,803$10,688,186
65$13,001,288$10,136,955$9,402,082$11,302,696
66$14,287,462$10,593,709$9,677,094$11,961,883
67$15,703,567$11,071,584$9,960,060$12,669,585
68$17,262,816$11,571,577$10,251,207$13,429,997
69$18,979,769$12,094,730$10,550,769$14,247,712
70$20,870,470$12,642,137$10,858,984$15,127,760
71$22,952,598$13,214,941$11,176,100$16,075,645
72$25,245,633$13,814,344$11,502,370$17,097,401
73$27,771,042$14,441,600$11,838,053$18,199,635
74$30,552,478$15,098,029$12,183,418$19,389,592
75$33,616,008$15,785,009$12,538,739$20,675,213
76$36,990,354$16,503,988$12,904,300$22,065,205
77$40,707,166$17,256,480$13,280,391$23,569,121
78$44,801,324$18,044,074$13,667,310$25,197,438
79$49,311,259$18,868,434$14,065,365$26,961,654
80$54,279,324$19,731,303$14,474,872$28,874,389
81$59,752,188$20,634,511$14,896,153$30,949,494
82$65,781,280$21,579,971$15,329,543$33,202,180
83$72,423,273$22,569,691$15,775,385$35,649,148
84$79,740,616$23,605,775$16,234,030$38,308,742
85$87,802,129$24,690,428$16,705,839$41,201,115
86$96,683,646$25,825,960$17,191,186$44,348,405
87$106,468,739$27,014,792$17,690,451$47,774,941
88$117,249,496$28,259,463$18,204,027$51,507,458
89$129,127,400$29,562,632$18,732,318$55,575,344
90$142,214,283$30,927,089$19,275,737$60,010,901
91$156,633,377$32,355,754$19,834,712$64,849,646
92$172,520,486$33,851,690$20,409,680$70,130,629
93$190,025,261$35,418,109$21,001,090$75,896,791
94$209,312,616$37,058,374$21,609,404$82,195,359
95$230,564,281$38,776,012$22,235,097$89,078,277
96$253,980,522$40,574,721$22,878,657$96,602,681
97$279,782,028$42,458,375$23,540,585$104,831,428
98$308,211,995$44,431,036$24,221,395$113,833,669
99$339,538,424$46,496,962$24,921,617$123,685,490
100$374,056,646$48,660,616$25,641,794$134,470,614