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%17%
1 years$759,727$752,960$746,358$739,913$733,621$712,708
2 years$376,103$369,098$362,310$355,728$349,343$328,437
3 years$248,244$241,210$234,438$227,918$221,638$201,393
4 years$184,328$177,315$170,611$164,202$158,074$138,645
5 years$145,988$139,017$132,401$126,123$120,165$101,606
6 years$120,436$113,518$107,000$100,862$95,083$77,411
7 years$102,192$95,332$88,917$82,924$77,328$60,543
8 years$88,516$81,717$75,409$69,563$64,151$48,243
9 years$77,884$71,149$64,950$59,252$54,024$38,978
10 years$69,383$62,715$56,625$51,076$46,031$31,827
11 years$62,433$55,831$49,851$44,451$39,588$26,203
12 years$56,645$50,111$44,242$38,990$34,307$21,713
13 years$51,751$45,286$39,527$34,422$29,916$18,087
14 years$47,560$41,164$35,515$30,556$26,224$15,131
15 years$43,932$37,604$32,066$27,251$23,090$12,702
16 years$40,759$34,501$29,072$24,400$20,407$10,693
17 years$37,963$31,774$26,455$21,923$18,094$9,024
18 years$35,481$29,360$24,150$19,757$16,088$7,630
19 years$33,262$27,211$22,108$17,852$14,340$6,462
20 years$31,268$25,286$20,289$16,169$12,809$5,481
21 years$29,466$23,553$18,662$14,674$11,462$4,654
22 years$27,830$21,986$17,200$13,342$10,274$3,956
23 years$26,338$20,563$15,881$12,151$9,223$3,365
24 years$24,973$19,266$14,688$11,082$8,290$2,864
25 years$23,719$18,080$13,604$10,121$7,460$2,440
26 years$22,563$16,992$12,617$9,254$6,719$2,079
27 years$21,495$15,992$11,716$8,471$6,058$1,773
28 years$20,505$15,069$10,891$7,761$5,466$1,512
29 years$19,585$14,216$10,135$7,117$4,936$1,290
30 years$18,727$13,425$9,441$6,532$4,460$1,101
31 years$17,927$12,691$8,801$5,999$4,032$940
32 years$17,178$12,009$8,212$5,513$3,647$802
33 years$16,476$11,372$7,667$5,070$3,301$685
34 years$15,817$10,778$7,164$4,664$2,989$585
35 years$15,196$10,223$6,698$4,294$2,707$500
36 years$14,612$9,703$6,266$3,955$2,453$427
37 years$14,060$9,216$5,864$3,644$2,223$365
38 years$13,539$8,758$5,492$3,358$2,015$311
39 years$13,045$8,328$5,145$3,097$1,827$266
40 years$12,578$7,924$4,823$2,856$1,658$227
41 years$12,134$7,543$4,522$2,635$1,504$194
42 years$11,713$7,183$4,242$2,432$1,365$166
43 years$11,312$6,844$3,980$2,245$1,238$142
44 years$10,931$6,524$3,736$2,073$1,124$121
45 years$10,568$6,221$3,508$1,914$1,020$104
46 years$10,221$5,935$3,295$1,768$927$89
47 years$9,890$5,664$3,096$1,634$841$76
48 years$9,574$5,407$2,909$1,510$764$65
49 years$9,272$5,163$2,734$1,395$694$55
50 years$8,982$4,932$2,571$1,290$630$47

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 $4,740 every year, while hoping to spend $20,050 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: 64/10/26 Blend
60$9,200,000$9,200,000$9,200,000$9,200,000
61$10,143,289$9,655,689$9,513,089$10,722,617
62$11,156,572$10,107,485$9,810,445$11,566,630
63$12,272,537$10,580,747$10,117,090$12,485,794
64$13,501,638$11,076,505$10,433,314$13,489,687
65$14,855,391$11,595,841$10,759,417$14,586,624
66$16,346,491$12,139,886$11,095,707$15,785,760
67$17,988,921$12,709,829$11,442,501$17,097,167
68$19,798,095$13,306,915$11,800,129$18,531,936
69$21,790,995$13,932,448$12,168,928$20,102,270
70$23,986,336$14,587,797$12,549,246$21,821,608
71$26,404,741$15,274,398$12,941,444$23,704,740
72$29,068,934$15,993,753$13,345,892$25,767,952
73$32,003,959$16,747,441$13,762,973$28,029,175
74$35,237,411$17,537,113$14,193,081$30,508,149
75$38,799,701$18,364,505$14,636,623$33,226,615
76$42,724,338$19,231,434$15,094,018$36,208,510
77$47,048,251$20,139,804$15,565,697$39,480,194
78$51,812,133$21,091,615$16,052,109$43,070,698
79$57,060,827$22,088,961$16,553,711$47,011,991
80$62,843,749$23,134,038$17,070,978$51,339,284
81$69,215,355$24,229,149$17,604,400$56,091,355
82$76,235,653$25,376,710$18,154,479$61,310,918
83$83,970,773$26,579,252$18,721,737$67,045,016
84$92,493,585$27,839,429$19,306,709$73,345,467
85$101,884,395$29,160,025$19,909,948$80,269,350
86$112,231,697$30,543,959$20,532,024$87,879,535
87$123,633,008$31,994,292$21,173,525$96,245,282
88$136,195,794$33,514,231$21,835,058$105,442,880
89$150,038,479$35,107,143$22,517,246$115,556,375
90$165,291,566$36,776,554$23,220,736$126,678,351
91$182,098,866$38,526,166$23,946,191$138,910,801
92$200,618,859$40,359,856$24,694,297$152,366,089
93$221,026,187$42,281,694$25,465,760$167,168,005
94$243,513,305$44,295,944$26,261,310$183,452,925
95$268,292,296$46,407,079$27,081,698$201,371,099
96$295,596,874$48,619,790$27,927,699$221,088,062
97$325,684,590$50,938,995$28,800,112$242,786,190
98$358,839,264$53,369,851$29,699,761$266,666,416
99$395,373,662$55,917,766$30,627,496$292,950,126
100$435,632,451$58,588,413$31,584,193$321,881,237