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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$743,212$736,591$730,133$723,828$717,673$696,094
2 years$367,927$361,074$354,433$347,994$341,749$320,190
3 years$242,848$235,966$229,342$222,963$216,820$195,957
4 years$180,321$173,460$166,902$160,633$154,638$134,631
5 years$142,814$135,995$129,523$123,381$117,553$98,457
6 years$117,818$111,050$104,674$98,669$93,016$74,847
7 years$99,971$93,260$86,984$81,121$75,647$58,405
8 years$86,591$79,941$73,770$68,051$62,756$46,430
9 years$76,191$69,603$63,538$57,964$52,850$37,423
10 years$67,875$61,351$55,394$49,966$45,031$30,480
11 years$61,076$54,618$48,768$43,485$38,728$25,029
12 years$55,414$49,022$43,280$38,142$33,561$20,686
13 years$50,626$44,301$38,668$33,674$29,266$17,185
14 years$46,527$40,269$34,743$29,892$25,654$14,337
15 years$42,977$36,786$31,369$26,658$22,588$12,001
16 years$39,873$33,751$28,440$23,870$19,963$10,075
17 years$37,138$31,083$25,879$21,447$17,701$8,477
18 years$34,710$28,722$23,625$19,328$15,739$7,146
19 years$32,539$26,619$21,627$17,464$14,028$6,034
20 years$30,588$24,736$19,848$15,817$12,530$5,102
21 years$28,825$23,041$18,257$14,355$11,213$4,319
22 years$27,225$21,508$16,826$13,052$10,051$3,660
23 years$25,766$20,116$15,536$11,887$9,022$3,103
24 years$24,430$18,847$14,368$10,841$8,110$2,633
25 years$23,203$17,687$13,308$9,901$7,297$2,236
26 years$22,073$16,623$12,342$9,053$6,573$1,899
27 years$21,028$15,644$11,461$8,286$5,926$1,614
28 years$20,059$14,741$10,654$7,592$5,347$1,372
29 years$19,159$13,907$9,915$6,962$4,829$1,167
30 years$18,320$13,133$9,235$6,390$4,363$992
31 years$17,537$12,416$8,610$5,868$3,944$844
32 years$16,804$11,748$8,033$5,393$3,568$718
33 years$16,118$11,125$7,501$4,959$3,229$611
34 years$15,473$10,544$7,008$4,563$2,924$520
35 years$14,866$10,001$6,552$4,201$2,648$443
36 years$14,294$9,492$6,129$3,869$2,399$377
37 years$13,754$9,016$5,737$3,564$2,175$321
38 years$13,244$8,568$5,372$3,285$1,971$273
39 years$12,762$8,147$5,033$3,029$1,788$233
40 years$12,304$7,752$4,718$2,794$1,622$198
41 years$11,870$7,379$4,424$2,578$1,471$169
42 years$11,458$7,027$4,150$2,379$1,335$144
43 years$11,066$6,696$3,894$2,196$1,211$122
44 years$10,693$6,382$3,655$2,028$1,100$104
45 years$10,338$6,086$3,432$1,873$998$89
46 years$9,999$5,806$3,223$1,730$906$76
47 years$9,675$5,541$3,028$1,598$823$64
48 years$9,366$5,289$2,846$1,477$747$55
49 years$9,070$5,051$2,675$1,365$679$47
50 years$8,787$4,825$2,515$1,262$617$40

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 $5,511 every year, while hoping to spend $21,301 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: 52/38/10 Blend
60$9,000,000$9,000,000$9,000,000$9,000,000
61$9,923,685$9,446,685$9,307,185$10,413,777
62$10,913,236$9,886,908$9,596,311$11,188,319
63$12,003,008$10,347,989$9,894,410$12,027,460
64$13,203,201$10,830,926$10,201,758$12,939,546
65$14,525,053$11,336,767$10,518,643$13,931,466
66$15,980,951$11,866,611$10,845,360$15,010,785
67$17,584,542$12,421,609$11,182,213$16,185,815
68$19,350,866$13,002,968$11,529,518$17,465,687
69$21,296,495$13,611,954$11,887,598$18,860,436
70$23,439,691$14,249,894$12,256,786$20,381,091
71$25,800,579$14,918,177$12,637,427$22,039,773
72$28,401,332$15,618,263$13,029,875$23,849,807
73$31,266,390$16,351,679$13,434,498$25,825,845
74$34,422,679$17,120,029$13,851,670$27,983,994
75$37,899,873$17,924,991$14,281,783$30,341,970
76$41,730,673$18,768,329$14,725,235$32,919,254
77$45,951,113$19,651,888$15,182,442$35,737,273
78$50,600,900$20,577,604$15,653,827$38,819,600
79$55,723,793$21,547,508$16,139,832$42,192,162
80$61,368,012$22,563,728$16,640,908$45,883,488
81$67,586,694$23,628,495$17,157,523$49,924,964
82$74,438,394$24,744,148$17,690,157$54,351,128
83$81,987,639$25,913,141$18,239,307$59,199,986
84$90,305,539$27,138,046$18,805,484$64,513,364
85$99,470,452$28,421,558$19,389,216$70,337,294
86$109,568,729$29,766,505$19,991,046$76,722,442
87$120,695,528$31,175,852$20,611,534$83,724,577
88$132,955,710$32,652,707$21,251,258$91,405,087
89$146,464,831$34,200,329$21,910,815$99,831,552
90$161,350,233$35,822,134$22,590,816$109,078,369
91$177,752,245$37,521,707$23,291,897$119,227,446
92$195,825,508$39,302,804$24,014,709$130,368,964
93$215,740,433$41,169,365$24,759,925$142,602,215
94$237,684,813$43,125,520$25,528,239$156,036,530
95$261,865,594$45,175,600$26,320,365$170,792,298
96$288,510,828$47,324,148$27,137,040$187,002,090
97$317,871,826$49,575,925$27,979,025$204,811,892
98$350,225,533$51,935,926$28,847,102$224,382,478
99$385,877,137$54,409,386$29,742,080$245,890,903
100$425,162,955$57,001,796$30,664,790$269,532,166