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%11.8%
1 years$759,727$752,960$746,358$739,913$733,621$728,082
2 years$376,103$369,098$362,310$355,728$349,343$343,759
3 years$248,244$241,210$234,438$227,918$221,638$216,181
4 years$184,328$177,315$170,611$164,202$158,074$152,787
5 years$145,988$139,017$132,401$126,123$120,165$115,064
6 years$120,436$113,518$107,000$100,862$95,083$90,173
7 years$102,192$95,332$88,917$82,924$77,328$72,612
8 years$88,516$81,717$75,409$69,563$64,151$59,629
9 years$77,884$71,149$64,950$59,252$54,024$49,695
10 years$69,383$62,715$56,625$51,076$46,031$41,892
11 years$62,433$55,831$49,851$44,451$39,588$35,637
12 years$56,645$50,111$44,242$38,990$34,307$30,538
13 years$51,751$45,286$39,527$34,422$29,916$26,327
14 years$47,560$41,164$35,515$30,556$26,224$22,811
15 years$43,932$37,604$32,066$27,251$23,090$19,847
16 years$40,759$34,501$29,072$24,400$20,407$17,330
17 years$37,963$31,774$26,455$21,923$18,094$15,178
18 years$35,481$29,360$24,150$19,757$16,088$13,327
19 years$33,262$27,211$22,108$17,852$14,340$11,729
20 years$31,268$25,286$20,289$16,169$12,809$10,342
21 years$29,466$23,553$18,662$14,674$11,462$9,134
22 years$27,830$21,986$17,200$13,342$10,274$8,079
23 years$26,338$20,563$15,881$12,151$9,223$7,156
24 years$24,973$19,266$14,688$11,082$8,290$6,345
25 years$23,719$18,080$13,604$10,121$7,460$5,631
26 years$22,563$16,992$12,617$9,254$6,719$5,002
27 years$21,495$15,992$11,716$8,471$6,058$4,447
28 years$20,505$15,069$10,891$7,761$5,466$3,956
29 years$19,585$14,216$10,135$7,117$4,936$3,521
30 years$18,727$13,425$9,441$6,532$4,460$3,136
31 years$17,927$12,691$8,801$5,999$4,032$2,794
32 years$17,178$12,009$8,212$5,513$3,647$2,491
33 years$16,476$11,372$7,667$5,070$3,301$2,221
34 years$15,817$10,778$7,164$4,664$2,989$1,981
35 years$15,196$10,223$6,698$4,294$2,707$1,768
36 years$14,612$9,703$6,266$3,955$2,453$1,578
37 years$14,060$9,216$5,864$3,644$2,223$1,409
38 years$13,539$8,758$5,492$3,358$2,015$1,258
39 years$13,045$8,328$5,145$3,097$1,827$1,123
40 years$12,578$7,924$4,823$2,856$1,658$1,003
41 years$12,134$7,543$4,522$2,635$1,504$896
42 years$11,713$7,183$4,242$2,432$1,365$801
43 years$11,312$6,844$3,980$2,245$1,238$716
44 years$10,931$6,524$3,736$2,073$1,124$640
45 years$10,568$6,221$3,508$1,914$1,020$572
46 years$10,221$5,935$3,295$1,768$927$511
47 years$9,890$5,664$3,096$1,634$841$457
48 years$9,574$5,407$2,909$1,510$764$408
49 years$9,272$5,163$2,734$1,395$694$365
50 years$8,982$4,932$2,571$1,290$630$326

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 $4,152 every year, while hoping to spend $48,021 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: 58/17/25 Blend
60$9,200,000$9,200,000$9,200,000$9,200,000
61$10,142,683$9,655,083$9,512,483$10,662,051
62$11,126,142$10,077,088$9,780,057$11,439,231
63$12,208,306$10,518,162$10,054,985$12,280,720
64$13,399,189$10,979,188$10,337,464$13,197,211
65$14,709,830$11,461,092$10,627,693$14,195,976
66$16,152,391$11,964,843$10,925,878$15,285,015
67$17,740,270$12,491,456$11,232,231$16,473,126
68$19,488,234$13,041,994$11,546,966$17,769,995
69$21,412,551$13,617,569$11,870,307$19,186,274
70$23,531,149$14,219,347$12,202,480$20,733,689
71$25,863,781$14,848,551$12,543,718$22,425,144
72$28,432,214$15,506,457$12,894,260$24,274,841
73$31,260,433$16,194,406$13,254,351$26,298,412
74$34,374,866$16,913,801$13,624,241$28,513,064
75$37,804,636$17,666,111$14,004,186$30,937,741
76$41,581,834$18,452,875$14,394,452$33,593,297
77$45,741,821$19,275,707$14,795,306$36,502,689
78$50,323,565$20,136,294$15,207,027$39,691,197
79$55,370,003$21,036,407$15,629,896$43,186,655
80$60,928,450$21,977,898$16,064,205$47,019,710
81$67,051,047$22,962,709$16,510,251$51,224,111
82$73,795,247$23,992,875$16,968,337$55,837,021
83$81,224,363$25,070,527$17,438,777$60,899,370
84$89,408,161$26,197,896$17,921,890$66,456,228
85$98,423,523$27,377,323$18,418,003$72,557,239
86$108,355,167$28,611,256$18,927,450$79,257,074
87$119,296,451$29,902,265$19,450,577$86,615,950
88$131,350,251$31,253,038$19,987,733$94,700,193
89$144,629,934$32,666,394$20,539,280$103,582,859
90$159,260,427$34,145,286$21,105,585$113,344,416
91$175,379,394$35,692,809$21,687,025$124,073,505
92$193,138,539$37,312,204$22,283,988$135,867,768
93$212,705,037$39,006,868$22,896,868$148,834,762
94$234,263,107$40,780,362$23,526,070$163,092,975
95$258,015,759$42,636,414$24,172,008$178,772,934
96$284,186,702$44,578,934$24,835,106$196,018,431
97$313,022,462$46,612,018$25,515,798$214,987,880
98$344,794,704$48,739,958$26,214,528$235,855,797
99$379,802,799$50,967,251$26,931,750$258,814,449
100$418,376,649$53,298,611$27,667,928$284,075,657