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%12.9%
1 years$701,922$695,670$689,570$683,616$677,802$669,610
2 years$347,486$341,015$334,743$328,661$322,763$314,518
3 years$229,356$222,857$216,601$210,577$204,774$196,733
4 years$170,303$163,823$157,630$151,709$146,047$138,272
5 years$134,880$128,439$122,327$116,527$111,022$103,536
6 years$111,273$104,880$98,859$93,187$87,848$80,659
7 years$94,417$88,078$82,152$76,614$71,444$64,555
8 years$81,781$75,500$69,671$64,270$59,270$52,681
9 years$71,958$65,736$60,008$54,744$49,914$43,622
10 years$64,104$57,943$52,316$47,190$42,529$36,530
11 years$57,683$51,583$46,058$41,069$36,576$30,864
12 years$52,335$46,298$40,876$36,023$31,696$26,265
13 years$47,814$41,840$36,520$31,803$27,640$22,483
14 years$43,942$38,032$32,813$28,231$24,229$19,339
15 years$40,589$34,743$29,626$25,177$21,333$16,702
16 years$37,658$31,876$26,860$22,544$18,854$14,474
17 years$35,075$29,356$24,442$20,255$16,717$12,579
18 years$32,781$27,126$22,312$18,254$14,864$10,960
19 years$30,731$25,141$20,426$16,494$13,249$9,569
20 years$28,889$23,362$18,746$14,939$11,834$8,369
21 years$27,224$21,761$17,242$13,558$10,590$7,332
22 years$25,712$20,313$15,892$12,327$9,493$6,432
23 years$24,334$18,998$14,673$11,226$8,521$5,649
24 years$23,073$17,800$13,570$10,239$7,659$4,966
25 years$21,914$16,704$12,569$9,351$6,892$4,370
26 years$20,847$15,699$11,657$8,550$6,208$3,849
27 years$19,860$14,775$10,824$7,826$5,597$3,392
28 years$18,945$13,922$10,063$7,170$5,050$2,991
29 years$18,094$13,134$9,364$6,575$4,560$2,638
30 years$17,302$12,404$8,722$6,035$4,121$2,329
31 years$16,563$11,726$8,132$5,542$3,725$2,056
32 years$15,871$11,095$7,587$5,093$3,370$1,817
33 years$15,222$10,507$7,084$4,684$3,050$1,605
34 years$14,613$9,958$6,619$4,310$2,761$1,419
35 years$14,040$9,445$6,188$3,967$2,501$1,254
36 years$13,500$8,965$5,789$3,654$2,266$1,109
37 years$12,990$8,515$5,418$3,366$2,054$981
38 years$12,509$8,092$5,074$3,103$1,862$868
39 years$12,053$7,695$4,754$2,861$1,688$768
40 years$11,621$7,321$4,456$2,639$1,531$679
41 years$11,211$6,969$4,178$2,435$1,389$601
42 years$10,822$6,637$3,919$2,247$1,261$532
43 years$10,452$6,324$3,678$2,074$1,144$471
44 years$10,099$6,028$3,452$1,915$1,039$417
45 years$9,763$5,748$3,241$1,769$943$369
46 years$9,443$5,483$3,044$1,634$856$327
47 years$9,138$5,233$2,860$1,509$777$289
48 years$8,846$4,995$2,688$1,395$706$256
49 years$8,566$4,770$2,526$1,289$641$227
50 years$8,299$4,557$2,375$1,191$582$201

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 $4,440 every year, while hoping to spend $38,717 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: 70/21/9 Blend
60$8,500,000$8,500,000$8,500,000$8,500,000
61$9,371,580$8,921,080$8,789,330$10,011,613
62$10,286,286$9,317,018$9,042,578$10,831,872
63$11,292,995$9,731,060$9,303,012$11,723,991
64$12,401,050$10,164,051$9,570,832$12,699,153
65$13,620,746$10,616,878$9,846,244$13,765,514
66$14,963,426$11,090,470$10,129,457$14,932,048
67$16,441,591$11,585,798$10,420,689$16,208,634
68$18,069,014$12,103,882$10,720,163$17,606,141
69$19,860,870$12,645,790$11,028,105$19,136,531
70$21,833,884$13,212,638$11,344,752$20,812,974
71$24,006,482$13,805,599$11,670,343$22,649,966
72$26,398,970$14,425,900$12,005,125$24,663,462
73$29,033,721$15,074,826$12,349,354$26,871,029
74$31,935,393$15,753,724$12,703,289$29,292,009
75$35,131,152$16,464,006$13,067,198$31,947,694
76$38,650,936$17,207,149$13,441,356$34,861,529
77$42,527,735$17,984,703$13,826,046$38,059,331
78$46,797,902$18,798,291$14,221,556$41,569,526
79$51,501,494$19,649,613$14,628,184$45,423,418
80$56,682,654$20,540,452$15,046,236$49,655,479
81$62,390,025$21,472,674$15,476,025$54,303,673
82$68,677,208$22,448,236$15,917,872$59,409,809
83$75,603,271$23,469,187$16,372,109$65,019,935
84$83,233,304$24,537,676$16,839,073$71,184,765
85$91,639,032$25,655,954$17,319,114$77,960,158
86$100,899,497$26,826,380$17,812,588$85,407,638
87$111,101,798$28,051,424$18,319,861$93,594,974
88$122,341,915$29,333,678$18,841,311$102,596,809
89$134,725,619$30,675,856$19,377,323$112,495,370
90$148,369,462$32,080,803$19,928,293$123,381,229
91$163,401,885$33,551,500$20,494,629$135,354,159
92$179,964,425$35,091,072$21,076,747$148,524,071
93$198,213,054$36,702,792$21,675,075$163,012,041
94$218,319,649$38,390,093$22,290,054$178,951,454
95$240,473,616$40,156,570$22,922,134$196,489,251
96$264,883,677$42,005,994$23,571,777$215,787,314
97$291,779,839$43,942,315$24,239,459$237,023,985
98$321,415,568$45,969,673$24,925,666$260,395,746
99$354,070,177$48,092,409$25,630,898$286,119,062
100$390,051,469$50,315,071$26,355,666$314,432,422