Can I retire at age 61 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$701,922$695,670$689,570$683,616$677,802$667,673
2 years$347,486$341,015$334,743$328,661$322,763$312,581
3 years$229,356$222,857$216,601$210,577$204,774$194,856
4 years$170,303$163,823$157,630$151,709$146,047$136,469
5 years$134,880$128,439$122,327$116,527$111,022$101,812
6 years$111,273$104,880$98,859$93,187$87,848$79,017
7 years$94,417$88,078$82,152$76,614$71,444$62,994
8 years$81,781$75,500$69,671$64,270$59,270$51,200
9 years$71,958$65,736$60,008$54,744$49,914$42,221
10 years$64,104$57,943$52,316$47,190$42,529$35,206
11 years$57,683$51,583$46,058$41,069$36,576$29,617
12 years$52,335$46,298$40,876$36,023$31,696$25,091
13 years$47,814$41,840$36,520$31,803$27,640$21,380
14 years$43,942$38,032$32,813$28,231$24,229$18,305
15 years$40,589$34,743$29,626$25,177$21,333$15,734
16 years$37,658$31,876$26,860$22,544$18,854$13,568
17 years$35,075$29,356$24,442$20,255$16,717$11,734
18 years$32,781$27,126$22,312$18,254$14,864$10,172
19 years$30,731$25,141$20,426$16,494$13,249$8,836
20 years$28,889$23,362$18,746$14,939$11,834$7,688
21 years$27,224$21,761$17,242$13,558$10,590$6,700
22 years$25,712$20,313$15,892$12,327$9,493$5,846
23 years$24,334$18,998$14,673$11,226$8,521$5,107
24 years$23,073$17,800$13,570$10,239$7,659$4,466
25 years$21,914$16,704$12,569$9,351$6,892$3,908
26 years$20,847$15,699$11,657$8,550$6,208$3,422
27 years$19,860$14,775$10,824$7,826$5,597$2,999
28 years$18,945$13,922$10,063$7,170$5,050$2,630
29 years$18,094$13,134$9,364$6,575$4,560$2,307
30 years$17,302$12,404$8,722$6,035$4,121$2,025
31 years$16,563$11,726$8,132$5,542$3,725$1,777
32 years$15,871$11,095$7,587$5,093$3,370$1,561
33 years$15,222$10,507$7,084$4,684$3,050$1,371
34 years$14,613$9,958$6,619$4,310$2,761$1,205
35 years$14,040$9,445$6,188$3,967$2,501$1,059
36 years$13,500$8,965$5,789$3,654$2,266$931
37 years$12,990$8,515$5,418$3,366$2,054$818
38 years$12,509$8,092$5,074$3,103$1,862$720
39 years$12,053$7,695$4,754$2,861$1,688$633
40 years$11,621$7,321$4,456$2,639$1,531$557
41 years$11,211$6,969$4,178$2,435$1,389$490
42 years$10,822$6,637$3,919$2,247$1,261$431
43 years$10,452$6,324$3,678$2,074$1,144$379
44 years$10,099$6,028$3,452$1,915$1,039$333
45 years$9,763$5,748$3,241$1,769$943$293
46 years$9,443$5,483$3,044$1,634$856$258
47 years$9,138$5,233$2,860$1,509$777$227
48 years$8,846$4,995$2,688$1,395$706$200
49 years$8,566$4,770$2,526$1,289$641$176
50 years$8,299$4,557$2,375$1,191$582$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,500,000, adding $4,730 every year, while hoping to spend $42,020 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: 67/12/21 Blend
60$8,500,000$8,500,000$8,500,000$8,500,000
61$9,371,879$8,921,379$8,789,629$9,949,917
62$10,283,102$9,313,818$9,039,373$10,730,342
63$11,285,861$9,724,077$9,296,074$11,578,190
64$12,389,449$10,152,987$9,559,923$12,504,387
65$13,604,104$10,601,415$9,831,112$13,516,643
66$14,941,108$11,070,270$10,109,840$14,623,445
67$16,412,893$11,560,505$10,396,311$15,834,137
68$18,033,155$12,073,117$10,690,735$17,159,003
69$19,816,988$12,609,150$10,993,325$18,609,364
70$21,781,021$13,169,700$11,304,302$20,197,686
71$23,943,581$13,755,911$11,623,892$21,937,692
72$26,324,861$14,368,984$11,952,327$23,844,492
73$28,947,110$15,010,178$12,289,843$25,934,726
74$31,834,848$15,680,810$12,636,686$28,226,716
75$35,015,092$16,382,259$12,993,104$30,740,637
76$38,517,613$17,115,971$13,359,355$33,498,709
77$42,375,218$17,883,462$13,735,701$36,525,401
78$46,624,055$18,686,317$14,122,412$39,847,663
79$51,303,960$19,526,198$14,519,765$43,495,176
80$56,458,830$20,404,848$14,928,043$47,500,632
81$62,137,036$21,324,090$15,347,537$51,900,037
82$68,391,879$22,285,836$15,778,545$56,733,053
83$75,282,098$23,292,089$16,221,374$62,043,366
84$82,872,418$24,344,948$16,676,336$67,879,099
85$91,234,164$25,446,610$17,143,753$74,293,260
86$100,445,935$26,599,379$17,623,954$81,344,243
87$110,594,341$27,805,670$18,117,278$89,096,375
88$121,774,827$29,068,011$18,624,069$97,620,518
89$134,092,568$30,389,052$19,144,684$106,994,740
90$147,663,465$31,771,570$19,679,486$117,305,042
91$162,615,237$33,218,476$20,228,848$128,646,174
92$179,088,628$34,732,818$20,793,151$141,122,518
93$197,238,734$36,317,793$21,372,788$154,849,075
94$217,236,468$37,976,747$21,968,159$169,952,547
95$239,270,170$39,713,191$22,579,675$186,572,523
96$263,547,392$41,530,801$23,207,758$204,862,802
97$290,296,847$43,433,432$23,852,840$224,992,832
98$319,770,577$45,425,122$24,515,362$247,149,309
99$352,246,326$47,510,103$25,195,776$271,537,934
100$388,030,165$49,692,811$25,894,548$298,385,352