Can I retire at age 61 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$751,469$744,776$738,245$731,871$725,647$709,257
2 years$372,015$365,086$358,371$351,861$345,546$329,122
3 years$245,546$238,588$231,890$225,441$219,229$203,282
4 years$182,324$175,387$168,757$162,417$156,356$141,010
5 years$144,401$137,506$130,962$124,752$118,859$104,158
6 years$119,127$112,284$105,837$99,765$94,049$80,007
7 years$101,082$94,296$87,951$82,023$76,487$63,107
8 years$87,554$80,829$74,589$68,807$63,453$50,730
9 years$77,037$70,376$64,244$58,608$53,437$41,361
10 years$68,629$62,033$56,009$50,521$45,531$34,089
11 years$61,754$55,224$49,310$43,968$39,158$28,335
12 years$56,029$49,566$43,761$38,566$33,934$23,712
13 years$51,189$44,794$39,098$34,048$29,591$19,953
14 years$47,043$40,716$35,129$30,224$25,939$16,864
15 years$43,454$37,195$31,717$26,954$22,839$14,307
16 years$40,316$34,126$28,756$24,135$20,185$12,174
17 years$37,551$31,428$26,167$21,685$17,897$10,386
18 years$35,095$29,041$23,887$19,542$15,914$8,880
19 years$32,901$26,915$21,867$17,658$14,184$7,606
20 years$30,928$25,011$20,069$15,993$12,670$6,524
21 years$29,146$23,297$18,459$14,515$11,338$5,604
22 years$27,527$21,747$17,013$13,197$10,163$4,819
23 years$26,052$20,339$15,709$12,019$9,123$4,148
24 years$24,702$19,056$14,528$10,962$8,200$3,573
25 years$23,461$17,884$13,456$10,011$7,378$3,080
26 years$22,318$16,808$12,480$9,154$6,646$2,657
27 years$21,261$15,818$11,588$8,379$5,992$2,293
28 years$20,282$14,905$10,773$7,677$5,407$1,980
29 years$19,372$14,061$10,025$7,040$4,882$1,710
30 years$18,524$13,279$9,338$6,461$4,411$1,477
31 years$17,732$12,553$8,706$5,933$3,988$1,277
32 years$16,991$11,878$8,122$5,453$3,608$1,104
33 years$16,297$11,249$7,584$5,015$3,265$954
34 years$15,645$10,661$7,086$4,614$2,956$825
35 years$15,031$10,112$6,625$4,247$2,677$714
36 years$14,453$9,598$6,197$3,912$2,426$617
37 years$13,907$9,116$5,801$3,604$2,199$534
38 years$13,392$8,663$5,432$3,322$1,993$462
39 years$12,904$8,238$5,089$3,063$1,808$400
40 years$12,441$7,838$4,770$2,825$1,640$346
41 years$12,002$7,461$4,473$2,607$1,487$300
42 years$11,586$7,105$4,196$2,406$1,350$259
43 years$11,189$6,770$3,937$2,221$1,225$224
44 years$10,812$6,453$3,696$2,050$1,112$194
45 years$10,453$6,154$3,470$1,894$1,009$168
46 years$10,110$5,870$3,259$1,749$916$146
47 years$9,783$5,602$3,062$1,616$832$126
48 years$9,470$5,348$2,877$1,493$756$109
49 years$9,171$5,107$2,705$1,380$686$94
50 years$8,885$4,878$2,543$1,276$623$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,100,000, adding $2,000 every year, while hoping to spend $36,791 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: 46/30/24 Blend
60$9,100,000$9,100,000$9,100,000$9,100,000
61$10,030,263$9,547,963$9,406,913$10,422,432
62$11,014,204$9,976,668$9,682,899$11,127,451
63$12,097,275$10,425,146$9,966,898$11,888,146
64$13,289,547$10,894,328$10,259,139$12,712,760
65$14,602,118$11,385,188$10,559,858$13,607,284
66$16,047,218$11,898,746$10,869,297$14,578,299
67$17,638,323$12,436,073$11,187,707$15,633,034
68$19,390,281$12,998,289$11,515,344$16,779,433
69$21,319,453$13,586,569$11,852,471$18,026,225
70$23,443,868$14,202,142$12,199,360$19,383,004
71$25,783,393$14,846,298$12,556,289$20,860,314
72$28,359,920$15,520,387$12,923,546$22,469,751
73$31,197,571$16,225,825$13,301,424$24,224,061
74$34,322,928$16,964,096$13,690,226$26,137,260
75$37,765,283$17,736,752$14,090,265$28,224,763
76$41,556,912$18,545,423$14,501,859$30,503,525
77$45,733,384$19,391,816$14,925,338$32,992,195
78$50,333,893$20,277,719$15,361,041$35,711,286
79$55,401,628$21,205,005$15,809,314$38,683,370
80$60,984,183$22,175,639$16,270,515$41,933,280
81$67,134,004$23,191,679$16,745,011$45,488,339
82$73,908,883$24,255,283$17,233,180$49,378,617
83$81,372,508$25,368,710$17,735,410$53,637,206
84$89,595,057$26,534,330$18,252,099$58,300,526
85$98,653,866$27,754,626$18,783,658$63,408,662
86$108,634,158$29,032,200$19,330,508$69,005,740
87$119,629,844$30,369,779$19,893,082$75,140,331
88$131,744,412$31,770,223$20,471,824$81,865,905
89$145,091,904$33,236,526$21,067,192$89,241,329
90$159,797,992$34,771,829$21,679,657$97,331,413
91$176,001,162$36,379,424$22,309,701$106,207,515
92$193,854,025$38,062,759$22,957,819$115,948,204
93$213,524,752$39,825,452$23,624,524$126,639,996
94$235,198,670$41,671,292$24,310,338$138,378,158
95$259,080,000$43,604,251$25,015,800$151,267,598
96$285,393,794$45,628,493$25,741,463$165,423,849
97$314,388,055$47,748,384$26,487,897$180,974,141
98$346,336,081$49,968,498$27,255,685$198,058,601
99$381,539,039$52,293,633$28,045,428$216,831,554
100$420,328,814$54,728,814$28,857,743$237,462,976