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%18%
1 years$751,469$744,776$738,245$731,871$725,647$702,137
2 years$372,015$365,086$358,371$351,861$345,546$322,081
3 years$245,546$238,588$231,890$225,441$219,229$196,545
4 years$182,324$175,387$168,757$162,417$156,356$134,627
5 years$144,401$137,506$130,962$124,752$118,859$98,143
6 years$119,127$112,284$105,837$99,765$94,049$74,363
7 years$101,082$94,296$87,951$82,023$76,487$57,829
8 years$87,554$80,829$74,589$68,807$63,453$45,810
9 years$77,037$70,376$64,244$58,608$53,437$36,788
10 years$68,629$62,033$56,009$50,521$45,531$29,851
11 years$61,754$55,224$49,310$43,968$39,158$24,418
12 years$56,029$49,566$43,761$38,566$33,934$20,101
13 years$51,189$44,794$39,098$34,048$29,591$16,631
14 years$47,043$40,716$35,129$30,224$25,939$13,817
15 years$43,454$37,195$31,717$26,954$22,839$11,517
16 years$40,316$34,126$28,756$24,135$20,185$9,626
17 years$37,551$31,428$26,167$21,685$17,897$8,064
18 years$35,095$29,041$23,887$19,542$15,914$6,768
19 years$32,901$26,915$21,867$17,658$14,184$5,689
20 years$30,928$25,011$20,069$15,993$12,670$4,789
21 years$29,146$23,297$18,459$14,515$11,338$4,035
22 years$27,527$21,747$17,013$13,197$10,163$3,403
23 years$26,052$20,339$15,709$12,019$9,123$2,872
24 years$24,702$19,056$14,528$10,962$8,200$2,425
25 years$23,461$17,884$13,456$10,011$7,378$2,049
26 years$22,318$16,808$12,480$9,154$6,646$1,733
27 years$21,261$15,818$11,588$8,379$5,992$1,465
28 years$20,282$14,905$10,773$7,677$5,407$1,239
29 years$19,372$14,061$10,025$7,040$4,882$1,049
30 years$18,524$13,279$9,338$6,461$4,411$888
31 years$17,732$12,553$8,706$5,933$3,988$751
32 years$16,991$11,878$8,122$5,453$3,608$636
33 years$16,297$11,249$7,584$5,015$3,265$539
34 years$15,645$10,661$7,086$4,614$2,956$456
35 years$15,031$10,112$6,625$4,247$2,677$387
36 years$14,453$9,598$6,197$3,912$2,426$327
37 years$13,907$9,116$5,801$3,604$2,199$277
38 years$13,392$8,663$5,432$3,322$1,993$235
39 years$12,904$8,238$5,089$3,063$1,808$199
40 years$12,441$7,838$4,770$2,825$1,640$169
41 years$12,002$7,461$4,473$2,607$1,487$143
42 years$11,586$7,105$4,196$2,406$1,350$121
43 years$11,189$6,770$3,937$2,221$1,225$103
44 years$10,812$6,453$3,696$2,050$1,112$87
45 years$10,453$6,154$3,470$1,894$1,009$74
46 years$10,110$5,870$3,259$1,749$916$62
47 years$9,783$5,602$3,062$1,616$832$53
48 years$9,470$5,348$2,877$1,493$756$45
49 years$9,171$5,107$2,705$1,380$686$38
50 years$8,885$4,878$2,543$1,276$623$32

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 $4,213 every year, while hoping to spend $31,615 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: 48/28/24 Blend
60$9,100,000$9,100,000$9,100,000$9,100,000
61$10,032,546$9,550,246$9,409,196$10,445,463
62$11,022,227$9,984,570$9,690,766$11,169,062
63$12,111,797$10,439,116$9,980,709$11,950,902
64$13,311,409$10,914,842$10,279,272$12,799,312
65$14,632,255$11,412,751$10,586,709$13,720,569
66$16,086,664$11,933,895$10,903,283$14,721,569
67$17,688,223$12,479,375$11,229,262$15,809,889
68$19,451,904$13,050,346$11,564,925$16,993,856
69$21,394,204$13,648,019$11,910,555$18,282,624
70$23,533,302$14,273,661$12,266,448$19,686,254
71$25,889,230$14,928,602$12,632,906$21,215,807
72$28,484,062$15,614,234$13,010,238$22,883,446
73$31,342,122$16,332,017$13,398,767$24,702,545
74$34,490,214$17,083,481$13,798,821$26,687,814
75$37,957,873$17,870,230$14,210,739$28,855,432
76$41,777,648$18,693,943$14,634,871$31,223,196
77$45,985,405$19,556,383$15,071,576$33,810,682
78$50,620,665$20,459,394$15,521,223$36,639,432
79$55,726,982$21,404,913$15,984,192$39,733,145
80$61,352,347$22,394,968$16,460,876$43,117,901
81$67,549,649$23,431,683$16,951,677$46,822,398
82$74,377,164$24,517,287$17,457,010$50,878,222
83$81,899,116$25,654,115$17,977,301$55,320,136
84$90,186,275$26,844,616$18,512,990$60,186,401
85$99,316,628$28,091,355$19,064,527$65,519,136
86$109,376,114$29,397,021$19,632,379$71,364,705
87$120,459,437$30,764,435$20,217,024$77,774,150
88$132,670,959$32,196,551$20,818,953$84,803,663
89$146,125,683$33,696,468$21,438,674$92,515,112
90$160,950,340$35,267,433$22,076,707$100,976,617
91$177,284,587$36,912,849$22,733,589$110,263,184
92$195,282,323$38,636,287$23,409,872$120,457,404
93$215,113,141$40,441,486$24,106,124$131,650,225
94$236,963,931$42,332,369$24,822,929$143,941,802
95$261,040,644$44,313,046$25,560,889$157,442,430
96$287,570,232$46,387,828$26,320,621$172,273,578
97$316,802,797$48,561,233$27,102,763$188,569,026
98$349,013,946$50,837,997$27,907,969$206,476,111
99$384,507,395$53,223,086$28,736,914$226,157,115
100$423,617,839$55,721,707$29,590,289$247,790,778