Can I retire at age 61 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$718,438$712,038$705,795$699,701$693,750$673,703
2 years$355,662$349,038$342,619$336,395$330,357$310,319
3 years$234,753$228,100$221,697$215,531$209,592$190,191
4 years$174,310$167,678$161,339$155,278$149,483$130,868
5 years$138,054$131,462$125,205$119,269$113,635$95,856
6 years$113,891$107,348$101,185$95,380$89,915$72,990
7 years$96,638$90,151$84,085$78,417$73,125$57,053
8 years$83,705$77,276$71,311$65,782$60,664$45,435
9 years$73,651$67,283$61,420$56,032$51,088$36,688
10 years$65,612$59,306$53,547$48,300$43,530$29,938
11 years$59,040$52,797$47,142$42,035$37,437$24,631
12 years$53,566$47,388$41,837$36,871$32,442$20,398
13 years$48,939$42,825$37,379$32,551$28,290$16,980
14 years$44,976$38,926$33,585$28,895$24,799$14,195
15 years$41,544$35,560$30,323$25,770$21,835$11,908
16 years$38,544$32,626$27,492$23,074$19,298$10,018
17 years$35,900$30,047$25,017$20,732$17,111$8,448
18 years$33,553$27,765$22,837$18,683$15,214$7,138
19 years$31,454$25,732$20,906$16,882$13,561$6,041
20 years$29,569$23,911$19,187$15,290$12,113$5,119
21 years$27,864$22,273$17,648$13,877$10,839$4,344
22 years$26,317$20,791$16,265$12,617$9,716$3,689
23 years$24,907$19,445$15,018$11,491$8,722$3,136
24 years$23,616$18,219$13,889$10,480$7,839$2,667
25 years$22,430$17,097$12,864$9,571$7,054$2,270
26 years$21,337$16,069$11,931$8,751$6,354$1,933
27 years$20,327$15,123$11,079$8,010$5,729$1,647
28 years$19,390$14,250$10,299$7,339$5,169$1,403
29 years$18,520$13,443$9,584$6,730$4,668$1,196
30 years$17,709$12,696$8,928$6,177$4,217$1,020
31 years$16,953$12,002$8,323$5,673$3,813$870
32 years$16,244$11,356$7,765$5,213$3,449$742
33 years$15,580$10,754$7,251$4,794$3,121$633
34 years$14,957$10,193$6,775$4,411$2,826$540
35 years$14,370$9,668$6,334$4,061$2,560$461
36 years$13,818$9,176$5,925$3,740$2,319$393
37 years$13,296$8,715$5,546$3,446$2,102$336
38 years$12,803$8,282$5,193$3,176$1,906$287
39 years$12,336$7,876$4,866$2,928$1,728$245
40 years$11,894$7,493$4,561$2,701$1,567$209
41 years$11,475$7,133$4,276$2,492$1,422$178
42 years$11,076$6,793$4,011$2,300$1,290$152
43 years$10,697$6,472$3,764$2,123$1,171$130
44 years$10,337$6,169$3,533$1,960$1,063$111
45 years$9,993$5,883$3,318$1,810$965$95
46 years$9,665$5,612$3,116$1,672$876$81
47 years$9,353$5,356$2,927$1,545$796$69
48 years$9,054$5,113$2,751$1,428$723$59
49 years$8,768$4,883$2,586$1,319$656$50
50 years$8,494$4,664$2,431$1,219$596$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,700,000, adding $2,639 every year, while hoping to spend $40,826 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: 62/27/11 Blend
60$8,700,000$8,700,000$8,700,000$8,700,000
61$9,590,122$9,129,022$8,994,172$10,160,252
62$10,524,876$9,532,906$9,252,038$10,946,321
63$11,553,607$9,955,211$9,517,175$11,799,052
64$12,685,856$10,396,798$9,789,782$12,728,825
65$13,932,139$10,858,567$10,070,065$13,743,104
66$15,304,042$11,341,461$10,358,237$14,850,093
67$16,814,329$11,846,468$10,654,513$16,058,821
68$18,477,068$12,374,622$10,959,116$17,379,217
69$20,307,758$12,927,007$11,272,276$18,822,203
70$22,323,478$13,504,760$11,594,226$20,399,798
71$24,543,048$14,109,068$11,925,208$22,125,224
72$26,987,205$14,741,179$12,265,469$24,013,030
73$29,678,801$15,402,398$12,615,262$26,079,229
74$32,643,015$16,094,091$12,974,850$28,341,440
75$35,907,593$16,817,692$13,344,498$30,819,059
76$39,503,110$17,574,702$13,724,481$33,533,431
77$43,463,258$18,366,693$14,115,082$36,508,052
78$47,825,162$19,195,313$14,516,589$39,768,790
79$52,629,733$20,062,288$14,929,299$43,344,117
80$57,922,052$20,969,426$15,353,517$47,265,383
81$63,751,796$21,918,622$15,789,555$51,567,101
82$70,173,708$22,911,863$16,237,733$56,287,272
83$77,248,110$23,951,228$16,698,381$61,467,738
84$85,041,476$25,038,898$17,171,836$67,154,574
85$93,627,059$26,177,156$17,658,445$73,398,514
86$103,085,579$27,368,397$18,158,562$80,255,427
87$113,505,987$28,615,127$18,672,554$87,786,843
88$124,986,306$29,919,977$19,200,793$96,060,520
89$137,634,553$31,285,700$19,743,663$105,151,083
90$151,569,760$32,715,182$20,301,558$115,140,724
91$166,923,098$34,211,447$20,874,882$126,119,965
92$183,839,112$35,777,666$21,464,049$138,188,512
93$202,477,090$37,417,161$22,069,483$151,456,185
94$223,012,563$39,133,411$22,691,621$166,043,950
95$245,638,963$40,930,067$23,330,909$182,085,051
96$270,569,448$42,810,951$23,987,805$199,726,263
97$298,038,914$44,780,071$24,662,779$219,129,265
98$328,306,215$46,841,626$25,356,314$240,472,159
99$361,656,602$49,000,018$26,068,903$263,951,144
100$398,404,417$51,259,860$26,801,053$289,782,356