Can I retire at age 61 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$743,212$736,591$730,133$723,828$717,673$700,608
2 years$367,927$361,074$354,433$347,994$341,749$324,656
3 years$242,848$235,966$229,342$222,963$216,820$200,233
4 years$180,321$173,460$166,902$160,633$154,638$138,685
5 years$142,814$135,995$129,523$123,381$117,553$102,279
6 years$117,818$111,050$104,674$98,669$93,016$78,435
7 years$99,971$93,260$86,984$81,121$75,647$61,762
8 years$86,591$79,941$73,770$68,051$62,756$49,562
9 years$76,191$69,603$63,538$57,964$52,850$40,336
10 years$67,875$61,351$55,394$49,966$45,031$33,183
11 years$61,076$54,618$48,768$43,485$38,728$27,529
12 years$55,414$49,022$43,280$38,142$33,561$22,993
13 years$50,626$44,301$38,668$33,674$29,266$19,308
14 years$46,527$40,269$34,743$29,892$25,654$16,286
15 years$42,977$36,786$31,369$26,658$22,588$13,787
16 years$39,873$33,751$28,440$23,870$19,963$11,707
17 years$37,138$31,083$25,879$21,447$17,701$9,966
18 years$34,710$28,722$23,625$19,328$15,739$8,502
19 years$32,539$26,619$21,627$17,464$14,028$7,266
20 years$30,588$24,736$19,848$15,817$12,530$6,219
21 years$28,825$23,041$18,257$14,355$11,213$5,329
22 years$27,225$21,508$16,826$13,052$10,051$4,572
23 years$25,766$20,116$15,536$11,887$9,022$3,926
24 years$24,430$18,847$14,368$10,841$8,110$3,374
25 years$23,203$17,687$13,308$9,901$7,297$2,902
26 years$22,073$16,623$12,342$9,053$6,573$2,497
27 years$21,028$15,644$11,461$8,286$5,926$2,150
28 years$20,059$14,741$10,654$7,592$5,347$1,851
29 years$19,159$13,907$9,915$6,962$4,829$1,595
30 years$18,320$13,133$9,235$6,390$4,363$1,375
31 years$17,537$12,416$8,610$5,868$3,944$1,185
32 years$16,804$11,748$8,033$5,393$3,568$1,022
33 years$16,118$11,125$7,501$4,959$3,229$881
34 years$15,473$10,544$7,008$4,563$2,924$760
35 years$14,866$10,001$6,552$4,201$2,648$656
36 years$14,294$9,492$6,129$3,869$2,399$566
37 years$13,754$9,016$5,737$3,564$2,175$488
38 years$13,244$8,568$5,372$3,285$1,971$422
39 years$12,762$8,147$5,033$3,029$1,788$364
40 years$12,304$7,752$4,718$2,794$1,622$314
41 years$11,870$7,379$4,424$2,578$1,471$271
42 years$11,458$7,027$4,150$2,379$1,335$234
43 years$11,066$6,696$3,894$2,196$1,211$202
44 years$10,693$6,382$3,655$2,028$1,100$174
45 years$10,338$6,086$3,432$1,873$998$151
46 years$9,999$5,806$3,223$1,730$906$130
47 years$9,675$5,541$3,028$1,598$823$112
48 years$9,366$5,289$2,846$1,477$747$97
49 years$9,070$5,051$2,675$1,365$679$84
50 years$8,787$4,825$2,515$1,262$617$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,000,000, adding $4,401 every year, while hoping to spend $41,358 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: 59/27/14 Blend
60$9,000,000$9,000,000$9,000,000$9,000,000
61$9,922,540$9,445,540$9,306,040$10,472,833
62$10,890,634$9,864,366$9,573,787$11,263,425
63$11,956,088$10,302,330$9,849,119$12,120,152
64$13,128,788$10,760,323$10,132,243$13,053,413
65$14,419,629$11,239,284$10,423,378$14,070,588
66$15,840,615$11,740,192$10,722,745$15,179,790
67$17,404,972$12,264,075$11,030,571$16,389,945
68$19,127,274$12,812,011$11,347,090$17,710,867
69$21,023,582$13,385,125$11,672,544$19,153,352
70$23,111,591$13,984,600$12,007,177$20,729,275
71$25,410,800$14,611,672$12,351,245$22,451,703
72$27,942,697$15,267,638$12,705,006$24,335,009
73$30,730,956$15,953,857$13,068,728$26,395,012
74$33,801,668$16,671,751$13,442,685$28,649,117
75$37,183,582$17,422,810$13,827,159$31,116,479
76$40,908,377$18,208,597$14,222,438$33,818,179
77$45,010,960$19,030,748$14,628,819$36,777,421
78$49,529,800$19,890,976$15,046,606$40,019,745
79$54,507,285$20,791,080$15,476,113$43,573,266
80$59,990,125$21,732,939$15,917,660$47,468,932
81$66,029,792$22,718,528$16,371,576$51,740,818
82$72,683,007$23,749,911$16,838,199$56,426,434
83$80,012,272$24,829,255$17,317,877$61,567,084
84$88,086,463$25,958,828$17,810,965$67,208,243
85$96,981,479$27,141,008$18,317,830$73,399,986
86$106,780,958$28,378,285$18,838,845$80,197,452
87$117,577,067$29,673,272$19,374,397$87,661,362
88$129,471,368$31,028,703$19,924,880$95,858,582
89$142,575,784$32,447,445$20,490,699$104,862,752
90$157,013,647$33,932,504$21,072,271$114,754,973
91$172,920,869$35,487,026$21,670,023$125,624,565
92$190,447,221$37,114,314$22,284,391$137,569,904
93$209,757,746$38,817,823$22,915,827$150,699,343
94$231,034,319$40,601,180$23,564,790$165,132,227
95$254,477,362$42,468,181$24,231,753$181,000,011
96$280,307,739$44,422,807$24,917,203$198,447,493
97$308,768,836$46,469,232$25,621,636$217,634,173
98$340,128,860$48,611,827$26,345,564$238,735,746
99$374,683,372$50,855,176$27,089,510$261,945,755
100$412,758,079$53,204,082$27,854,011$287,477,405