Can I retire at age 61 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$677,148$671,117$665,232$659,488$653,880$651,124
2 years$335,222$328,979$322,928$317,062$311,371$308,590
3 years$221,261$214,991$208,956$203,144$197,547$194,825
4 years$164,292$158,041$152,066$146,354$140,892$138,251
5 years$130,120$123,906$118,010$112,414$107,104$104,551
6 years$107,345$101,179$95,369$89,898$84,748$82,287
7 years$91,085$84,970$79,252$73,910$68,922$66,555
8 years$78,894$72,835$67,212$62,002$57,178$54,903
9 years$69,418$63,416$57,890$52,812$48,152$45,970
10 years$61,842$55,898$50,470$45,524$41,028$38,938
11 years$55,647$49,763$44,433$39,620$35,285$33,286
12 years$50,488$44,664$39,433$34,752$30,578$28,667
13 years$46,126$40,363$35,231$30,681$26,664$24,841
14 years$42,391$36,689$31,655$27,235$23,374$21,636
15 years$39,156$33,516$28,580$24,289$20,580$18,925
16 years$36,329$30,751$25,912$21,748$18,189$16,615
17 years$33,837$28,320$23,579$19,540$16,127$14,632
18 years$31,624$26,169$21,525$17,610$14,340$12,920
19 years$29,647$24,253$19,705$15,912$12,781$11,435
20 years$27,869$22,537$18,084$14,411$11,416$10,142
21 years$26,263$20,993$16,634$13,079$10,216$9,010
22 years$24,805$19,596$15,331$11,892$9,158$8,017
23 years$23,475$18,328$14,155$10,830$8,220$7,144
24 years$22,259$17,172$13,091$9,878$7,389$6,373
25 years$21,141$16,115$12,125$9,021$6,649$5,691
26 years$20,111$15,145$11,245$8,248$5,989$5,087
27 years$19,159$14,254$10,442$7,550$5,400$4,551
28 years$18,276$13,431$9,707$6,917$4,872$4,074
29 years$17,456$12,671$9,034$6,343$4,399$3,650
30 years$16,692$11,966$8,414$5,822$3,975$3,272
31 years$15,978$11,312$7,845$5,347$3,594$2,934
32 years$15,311$10,703$7,319$4,914$3,251$2,633
33 years$14,685$10,136$6,834$4,519$2,942$2,363
34 years$14,097$9,607$6,385$4,157$2,664$2,122
35 years$13,544$9,112$5,970$3,827$2,413$1,906
36 years$13,023$8,649$5,585$3,525$2,186$1,713
37 years$12,532$8,214$5,227$3,248$1,981$1,539
38 years$12,067$7,806$4,895$2,993$1,796$1,384
39 years$11,627$7,423$4,586$2,760$1,629$1,244
40 years$11,211$7,062$4,298$2,546$1,477$1,119
41 years$10,815$6,723$4,031$2,349$1,340$1,007
42 years$10,440$6,403$3,781$2,168$1,216$906
43 years$10,083$6,100$3,548$2,001$1,104$815
44 years$9,743$5,815$3,330$1,848$1,002$733
45 years$9,419$5,545$3,127$1,706$910$660
46 years$9,110$5,290$2,937$1,576$826$594
47 years$8,815$5,048$2,759$1,456$750$535
48 years$8,533$4,819$2,593$1,346$681$481
49 years$8,264$4,602$2,437$1,244$619$433
50 years$8,006$4,396$2,291$1,149$562$390

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,200,000, adding $4,612 every year, while hoping to spend $49,487 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: 44/43/13 Blend
60$8,200,000$8,200,000$8,200,000$8,200,000
61$9,041,157$8,606,557$8,479,457$9,404,959
62$9,910,702$8,975,625$8,710,865$10,028,186
63$10,867,281$9,361,118$8,948,367$10,697,923
64$11,919,720$9,763,790$9,192,114$11,422,732
65$13,077,744$10,184,427$9,442,262$12,207,704
66$14,352,065$10,623,856$9,698,969$13,058,428
67$15,754,490$11,082,939$9,962,399$13,981,039
68$17,298,025$11,562,580$10,232,717$14,982,275
69$18,997,003$12,063,726$10,510,092$16,069,535
70$20,867,216$12,587,367$10,794,699$17,250,946
71$22,926,065$13,134,542$11,086,714$18,535,437
72$25,192,724$13,706,334$11,386,320$19,932,821
73$27,688,321$14,303,884$11,693,700$21,453,880
74$30,436,136$14,928,380$12,009,045$23,110,464
75$33,461,821$15,581,070$12,332,547$24,915,600
76$36,793,644$16,263,259$12,664,405$26,883,611
77$40,462,752$16,976,316$13,004,819$29,030,243
78$44,503,468$17,721,671$13,353,996$31,372,812
79$48,953,614$18,500,824$13,712,146$33,930,362
80$53,854,864$19,315,346$14,079,485$36,723,838
81$59,253,142$20,166,881$14,456,230$39,776,279
82$65,199,056$21,057,151$14,842,607$43,113,029
83$71,748,368$21,987,960$15,238,843$46,761,973
84$78,962,530$22,961,198$15,645,172$50,753,790
85$86,909,254$23,978,842$16,061,831$55,122,237
86$95,663,159$25,042,967$16,489,064$59,904,464
87$105,306,471$26,155,742$16,927,117$65,141,353
88$115,929,800$27,319,442$17,376,244$70,877,899
89$127,632,993$28,536,449$17,836,702$77,163,624
90$140,526,080$29,809,256$18,308,754$84,053,041
91$154,730,310$31,140,479$18,792,666$91,606,157
92$170,379,293$32,532,855$19,288,713$99,889,028
93$187,620,268$33,989,252$19,797,171$108,974,378
94$206,615,484$35,512,674$20,318,325$118,942,273
95$227,543,738$37,106,269$20,852,463$129,880,867
96$250,602,058$38,773,335$21,399,880$141,887,221
97$276,007,565$40,517,326$21,960,873$155,068,212
98$303,999,524$42,341,861$22,535,749$169,541,529
99$334,841,596$44,250,734$23,124,818$185,436,769
100$368,824,335$46,247,916$23,728,395$202,896,649