Can I retire at age 61 with 9,200,000?

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 $9,200,000?

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%
1 years$759,727$752,960$746,358$739,913$733,621$709,569
2 years$376,103$369,098$362,310$355,728$349,343$325,341
3 years$248,244$241,210$234,438$227,918$221,638$198,439
4 years$184,328$177,315$170,611$164,202$158,074$135,855
5 years$145,988$139,017$132,401$126,123$120,165$98,987
6 years$120,436$113,518$107,000$100,862$95,083$74,961
7 years$102,192$95,332$88,917$82,924$77,328$58,261
8 years$88,516$81,717$75,409$69,563$64,151$46,125
9 years$77,884$71,149$64,950$59,252$54,024$37,019
10 years$69,383$62,715$56,625$51,076$46,031$30,019
11 years$62,433$55,831$49,851$44,451$39,588$24,539
12 years$56,645$50,111$44,242$38,990$34,307$20,187
13 years$51,751$45,286$39,527$34,422$29,916$16,691
14 years$47,560$41,164$35,515$30,556$26,224$13,857
15 years$43,932$37,604$32,066$27,251$23,090$11,543
16 years$40,759$34,501$29,072$24,400$20,407$9,641
17 years$37,963$31,774$26,455$21,923$18,094$8,070
18 years$35,481$29,360$24,150$19,757$16,088$6,768
19 years$33,262$27,211$22,108$17,852$14,340$5,685
20 years$31,268$25,286$20,289$16,169$12,809$4,781
21 years$29,466$23,553$18,662$14,674$11,462$4,026
22 years$27,830$21,986$17,200$13,342$10,274$3,392
23 years$26,338$20,563$15,881$12,151$9,223$2,861
24 years$24,973$19,266$14,688$11,082$8,290$2,414
25 years$23,719$18,080$13,604$10,121$7,460$2,038
26 years$22,563$16,992$12,617$9,254$6,719$1,722
27 years$21,495$15,992$11,716$8,471$6,058$1,455
28 years$20,505$15,069$10,891$7,761$5,466$1,230
29 years$19,585$14,216$10,135$7,117$4,936$1,040
30 years$18,727$13,425$9,441$6,532$4,460$879
31 years$17,927$12,691$8,801$5,999$4,032$744
32 years$17,178$12,009$8,212$5,513$3,647$629
33 years$16,476$11,372$7,667$5,070$3,301$532
34 years$15,817$10,778$7,164$4,664$2,989$451
35 years$15,196$10,223$6,698$4,294$2,707$381
36 years$14,612$9,703$6,266$3,955$2,453$323
37 years$14,060$9,216$5,864$3,644$2,223$273
38 years$13,539$8,758$5,492$3,358$2,015$231
39 years$13,045$8,328$5,145$3,097$1,827$196
40 years$12,578$7,924$4,823$2,856$1,658$166
41 years$12,134$7,543$4,522$2,635$1,504$140
42 years$11,713$7,183$4,242$2,432$1,365$119
43 years$11,312$6,844$3,980$2,245$1,238$101
44 years$10,931$6,524$3,736$2,073$1,124$85
45 years$10,568$6,221$3,508$1,914$1,020$72
46 years$10,221$5,935$3,295$1,768$927$61
47 years$9,890$5,664$3,096$1,634$841$52
48 years$9,574$5,407$2,909$1,510$764$44
49 years$9,272$5,163$2,734$1,395$694$37
50 years$8,982$4,932$2,571$1,290$630$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,200,000, adding $4,213 every year, while hoping to spend $21,399 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: 59/30/11 Blend
60$9,200,000$9,200,000$9,200,000$9,200,000
61$10,142,746$9,655,146$9,512,546$10,714,177
62$11,154,537$10,105,479$9,808,448$11,549,514
63$12,268,815$10,577,162$10,113,545$12,457,174
64$13,496,008$11,071,218$10,428,123$13,446,371
65$14,847,613$11,588,719$10,752,477$14,524,949
66$16,336,294$12,130,791$11,086,909$15,701,532
67$17,976,008$12,698,612$11,431,733$16,985,600
68$19,782,136$13,293,419$11,787,271$18,387,579
69$21,771,625$13,916,508$12,153,856$19,918,934
70$23,963,150$14,569,236$12,531,830$21,592,274
71$26,377,293$15,253,030$12,921,547$23,421,467
72$29,036,729$15,969,381$13,323,372$25,421,771
73$31,966,450$16,719,855$13,737,679$27,609,969
74$35,193,994$17,506,094$14,164,858$30,004,526
75$38,749,707$18,329,818$14,605,306$32,625,759
76$42,667,029$19,192,831$15,059,435$35,496,026
77$46,982,810$20,097,025$15,527,671$38,639,929
78$51,737,660$21,044,381$16,010,451$42,084,545
79$56,976,326$22,036,981$16,508,226$45,859,674
80$62,748,121$23,077,003$17,021,461$49,998,117
81$69,107,385$24,166,732$17,550,636$54,535,979
82$76,114,002$25,308,565$18,096,246$59,513,005
83$83,833,960$26,505,015$18,658,800$64,972,949
84$92,339,978$27,758,714$19,238,824$70,963,979
85$101,712,191$29,072,427$19,836,859$77,539,129
86$112,038,906$30,449,047$20,453,466$84,756,789
87$123,417,436$31,891,612$21,089,219$92,681,251
88$135,955,019$33,403,306$21,744,712$101,383,308
89$149,769,829$34,987,466$22,420,558$110,940,917
90$164,992,093$36,647,593$23,117,388$121,439,919
91$181,765,318$38,387,357$23,835,852$132,974,852
92$200,247,649$40,210,606$24,576,622$145,649,823
93$220,613,360$42,121,376$25,340,390$159,579,492
94$243,054,498$44,123,899$26,127,868$174,890,137
95$267,782,696$46,222,609$26,939,791$191,720,837
96$295,031,175$48,422,161$27,776,918$210,224,777
97$325,056,940$50,727,432$28,640,030$230,570,683
98$358,143,210$53,143,538$29,529,932$252,944,397
99$394,602,088$55,675,843$30,447,456$277,550,628
100$434,777,513$58,329,971$31,393,458$304,614,863