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%13.6%
1 years$743,212$736,591$730,133$723,828$717,673$706,948
2 years$367,927$361,074$354,433$347,994$341,749$330,968
3 years$242,848$235,966$229,342$222,963$216,820$206,318
4 years$180,321$173,460$166,902$160,633$154,638$144,496
5 years$142,814$135,995$129,523$123,381$117,553$107,801
6 years$117,818$111,050$104,674$98,669$93,016$83,665
7 years$99,971$93,260$86,984$81,121$75,647$66,700
8 years$86,591$79,941$73,770$68,051$62,756$54,212
9 years$76,191$69,603$63,538$57,964$52,850$44,704
10 years$67,875$61,351$55,394$49,966$45,031$37,277
11 years$61,076$54,618$48,768$43,485$38,728$31,359
12 years$55,414$49,022$43,280$38,142$33,561$26,567
13 years$50,626$44,301$38,668$33,674$29,266$22,638
14 years$46,527$40,269$34,743$29,892$25,654$19,381
15 years$42,977$36,786$31,369$26,658$22,588$16,659
16 years$39,873$33,751$28,440$23,870$19,963$14,367
17 years$37,138$31,083$25,879$21,447$17,701$12,424
18 years$34,710$28,722$23,625$19,328$15,739$10,770
19 years$32,539$26,619$21,627$17,464$14,028$9,355
20 years$30,588$24,736$19,848$15,817$12,530$8,141
21 years$28,825$23,041$18,257$14,355$11,213$7,094
22 years$27,225$21,508$16,826$13,052$10,051$6,190
23 years$25,766$20,116$15,536$11,887$9,022$5,407
24 years$24,430$18,847$14,368$10,841$8,110$4,728
25 years$23,203$17,687$13,308$9,901$7,297$4,138
26 years$22,073$16,623$12,342$9,053$6,573$3,624
27 years$21,028$15,644$11,461$8,286$5,926$3,176
28 years$20,059$14,741$10,654$7,592$5,347$2,784
29 years$19,159$13,907$9,915$6,962$4,829$2,443
30 years$18,320$13,133$9,235$6,390$4,363$2,144
31 years$17,537$12,416$8,610$5,868$3,944$1,882
32 years$16,804$11,748$8,033$5,393$3,568$1,653
33 years$16,118$11,125$7,501$4,959$3,229$1,452
34 years$15,473$10,544$7,008$4,563$2,924$1,276
35 years$14,866$10,001$6,552$4,201$2,648$1,121
36 years$14,294$9,492$6,129$3,869$2,399$986
37 years$13,754$9,016$5,737$3,564$2,175$867
38 years$13,244$8,568$5,372$3,285$1,971$762
39 years$12,762$8,147$5,033$3,029$1,788$670
40 years$12,304$7,752$4,718$2,794$1,622$589
41 years$11,870$7,379$4,424$2,578$1,471$519
42 years$11,458$7,027$4,150$2,379$1,335$456
43 years$11,066$6,696$3,894$2,196$1,211$401
44 years$10,693$6,382$3,655$2,028$1,100$353
45 years$10,338$6,086$3,432$1,873$998$311
46 years$9,999$5,806$3,223$1,730$906$273
47 years$9,675$5,541$3,028$1,598$823$241
48 years$9,366$5,289$2,846$1,477$747$212
49 years$9,070$5,051$2,675$1,365$679$186
50 years$8,787$4,825$2,515$1,262$617$164

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 $6,569 every year, while hoping to spend $28,195 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: 56/33/11 Blend
60$9,000,000$9,000,000$9,000,000$9,000,000
61$9,924,776$9,447,776$9,308,276$10,453,004
62$10,907,104$9,880,718$9,590,104$11,243,960
63$11,988,684$10,333,929$9,880,428$12,101,391
64$13,179,611$10,808,372$10,179,504$13,034,650
65$14,491,007$11,305,058$10,487,592$14,050,978
66$15,935,128$11,825,044$10,804,965$15,158,338
67$17,525,480$12,369,440$11,131,900$16,365,480
68$19,276,944$12,939,408$11,468,684$17,682,021
69$21,205,919$13,536,166$11,815,612$19,118,538
70$23,330,476$14,160,991$12,172,988$20,686,659
71$25,670,526$14,815,221$12,541,125$22,399,170
72$28,248,012$15,500,259$12,920,345$24,270,136
73$31,087,113$16,217,576$13,310,980$26,315,024
74$34,214,473$16,968,712$13,713,373$28,550,850
75$37,659,453$17,755,282$14,127,874$30,996,331
76$41,454,407$18,578,981$14,554,848$33,672,062
77$45,634,987$19,441,581$14,994,666$36,600,701
78$50,240,482$20,344,945$15,447,713$39,807,182
79$55,314,185$21,291,021$15,914,385$43,318,942
80$60,903,805$22,281,854$16,395,090$47,166,177
81$67,061,914$23,319,586$16,890,247$51,382,120
82$73,846,447$24,406,464$17,400,288$56,003,350
83$81,321,245$25,544,841$17,925,658$61,070,132
84$89,556,661$26,737,186$18,466,816$66,626,787
85$98,630,219$27,986,087$19,024,233$72,722,107
86$108,627,351$29,294,256$19,598,395$79,409,808
87$119,642,202$30,664,535$20,189,802$86,749,030
88$131,778,516$32,099,906$20,798,970$94,804,885
89$145,150,617$33,603,494$21,426,428$103,649,069
90$159,884,489$35,178,575$22,072,722$113,360,524
91$176,118,964$36,828,583$22,738,416$124,026,179
92$194,007,033$38,557,118$23,424,088$135,741,760
93$213,717,289$40,367,955$24,130,333$148,612,685
94$235,435,519$42,265,052$24,857,766$162,755,046
95$259,366,460$44,252,557$25,607,019$178,296,697
96$285,735,727$46,334,820$26,378,742$195,378,452
97$314,791,946$48,516,401$27,173,605$214,155,397
98$346,809,102$50,802,082$27,992,298$234,798,347
99$382,089,122$53,196,876$28,835,531$257,495,443
100$420,964,726$55,706,037$29,704,036$282,453,918