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%16.9%
1 years$718,438$712,038$705,795$699,701$693,750$674,246
2 years$355,662$349,038$342,619$336,395$330,357$310,856
3 years$234,753$228,100$221,697$215,531$209,592$190,704
4 years$174,310$167,678$161,339$155,278$149,483$131,353
5 years$138,054$131,462$125,205$119,269$113,635$96,313
6 years$113,891$107,348$101,185$95,380$89,915$73,418
7 years$96,638$90,151$84,085$78,417$73,125$57,453
8 years$83,705$77,276$71,311$65,782$60,664$45,808
9 years$73,651$67,283$61,420$56,032$51,088$37,033
10 years$65,612$59,306$53,547$48,300$43,530$30,258
11 years$59,040$52,797$47,142$42,035$37,437$24,927
12 years$53,566$47,388$41,837$36,871$32,442$20,669
13 years$48,939$42,825$37,379$32,551$28,290$17,229
14 years$44,976$38,926$33,585$28,895$24,799$14,423
15 years$41,544$35,560$30,323$25,770$21,835$12,116
16 years$38,544$32,626$27,492$23,074$19,298$10,208
17 years$35,900$30,047$25,017$20,732$17,111$8,620
18 years$33,553$27,765$22,837$18,683$15,214$7,294
19 years$31,454$25,732$20,906$16,882$13,561$6,183
20 years$29,569$23,911$19,187$15,290$12,113$5,248
21 years$27,864$22,273$17,648$13,877$10,839$4,459
22 years$26,317$20,791$16,265$12,617$9,716$3,793
23 years$24,907$19,445$15,018$11,491$8,722$3,229
24 years$23,616$18,219$13,889$10,480$7,839$2,751
25 years$22,430$17,097$12,864$9,571$7,054$2,345
26 years$21,337$16,069$11,931$8,751$6,354$2,000
27 years$20,327$15,123$11,079$8,010$5,729$1,707
28 years$19,390$14,250$10,299$7,339$5,169$1,457
29 years$18,520$13,443$9,584$6,730$4,668$1,244
30 years$17,709$12,696$8,928$6,177$4,217$1,062
31 years$16,953$12,002$8,323$5,673$3,813$908
32 years$16,244$11,356$7,765$5,213$3,449$776
33 years$15,580$10,754$7,251$4,794$3,121$663
34 years$14,957$10,193$6,775$4,411$2,826$566
35 years$14,370$9,668$6,334$4,061$2,560$484
36 years$13,818$9,176$5,925$3,740$2,319$414
37 years$13,296$8,715$5,546$3,446$2,102$354
38 years$12,803$8,282$5,193$3,176$1,906$303
39 years$12,336$7,876$4,866$2,928$1,728$259
40 years$11,894$7,493$4,561$2,701$1,567$221
41 years$11,475$7,133$4,276$2,492$1,422$189
42 years$11,076$6,793$4,011$2,300$1,290$162
43 years$10,697$6,472$3,764$2,123$1,171$138
44 years$10,337$6,169$3,533$1,960$1,063$118
45 years$9,993$5,883$3,318$1,810$965$101
46 years$9,665$5,612$3,116$1,672$876$87
47 years$9,353$5,356$2,927$1,545$796$74
48 years$9,054$5,113$2,751$1,428$723$63
49 years$8,768$4,883$2,586$1,319$656$54
50 years$8,494$4,664$2,431$1,219$596$46

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 $2,337 every year, while hoping to spend $46,855 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: 63/28/9 Blend
60$8,700,000$8,700,000$8,700,000$8,700,000
61$9,589,811$9,128,711$8,993,861$10,175,475
62$10,518,118$9,526,164$9,245,302$10,964,323
63$11,539,542$9,941,522$9,503,595$11,819,609
64$12,663,532$10,375,613$9,768,922$12,752,261
65$13,900,498$10,829,304$10,041,467$13,769,781
66$15,261,911$11,303,502$10,321,418$14,880,416
67$16,760,410$11,799,158$10,608,970$16,093,239
68$18,409,922$12,317,267$10,904,321$17,418,229
69$20,225,793$12,858,872$11,207,674$18,866,366
70$22,224,931$13,425,064$11,519,239$20,449,728
71$24,425,970$14,016,988$11,839,229$22,181,607
72$26,849,438$14,635,839$12,167,862$24,076,629
73$29,517,958$15,282,873$12,505,363$26,150,889
74$32,456,459$15,959,403$12,851,962$28,422,100
75$35,692,408$16,666,804$13,207,893$30,909,760
76$39,256,074$17,406,517$13,573,397$33,635,327
77$43,180,809$18,180,053$13,948,722$36,622,424
78$47,503,367$18,988,991$14,334,120$39,897,054
79$52,264,247$19,834,987$14,729,849$43,487,846
80$57,508,075$20,719,777$15,136,174$47,426,317
81$63,284,030$21,645,177$15,553,367$51,747,167
82$69,646,301$22,613,091$15,981,705$56,488,605
83$76,654,604$23,625,513$16,421,472$61,692,699
84$84,374,742$24,684,531$16,872,960$67,405,776
85$92,879,226$25,792,334$17,336,465$73,678,848
86$102,247,964$26,951,215$17,812,293$80,568,093
87$112,569,007$28,163,575$18,300,756$88,135,376
88$123,939,386$29,431,931$18,802,172$96,448,833
89$136,466,027$30,758,919$19,316,868$105,583,501
90$150,266,758$32,147,302$19,845,179$115,622,027
91$165,471,420$33,599,973$20,387,445$126,655,436
92$182,223,098$35,119,964$20,944,018$138,783,990
93$200,679,465$36,710,454$21,515,253$152,118,122
94$221,014,274$38,374,770$22,101,518$166,779,474
95$243,418,997$40,116,401$22,703,186$182,902,036
96$268,104,632$41,939,002$23,320,640$200,633,405
97$295,303,694$43,846,402$23,954,271$220,136,170
98$325,272,411$45,842,615$24,604,479$241,589,435
99$358,293,140$47,931,847$25,271,672$265,190,503
100$394,677,036$50,118,504$25,956,269$291,156,730