Can I retire at age 61 with 9,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$767,985$761,144$754,470$747,956$741,595$711,890
2 years$380,191$373,110$366,248$359,594$353,141$323,587
3 years$250,943$243,832$236,987$230,396$224,047$195,574
4 years$186,331$179,242$172,466$165,987$159,792$132,617
5 years$147,575$140,528$133,840$127,494$121,471$95,664
6 years$121,745$114,752$108,163$101,958$96,116$71,691
7 years$103,303$96,368$89,884$83,825$78,168$55,117
8 years$89,478$82,605$76,229$70,319$64,848$43,147
9 years$78,730$71,923$65,656$59,896$54,611$34,227
10 years$70,137$63,396$57,240$51,631$46,532$27,424
11 years$63,111$56,438$50,393$44,934$40,019$22,142
12 years$57,261$50,656$44,723$39,414$34,679$17,986
13 years$52,314$45,778$39,957$34,796$30,241$14,679
14 years$48,077$41,611$35,901$30,888$26,509$12,026
15 years$44,409$38,012$32,414$27,547$23,341$9,883
16 years$41,203$34,876$29,388$24,665$20,629$8,141
17 years$38,376$32,119$26,742$22,162$18,291$6,720
18 years$35,867$29,680$24,412$19,972$16,263$5,557
19 years$33,624$27,507$22,348$18,046$14,496$4,601
20 years$31,608$25,561$20,510$16,344$12,948$3,813
21 years$29,786$23,809$18,865$14,834$11,587$3,164
22 years$28,132$22,225$17,387$13,487$10,386$2,627
23 years$26,625$20,786$16,054$12,283$9,323$2,182
24 years$25,245$19,475$14,847$11,203$8,380$1,814
25 years$23,977$18,277$13,752$10,231$7,541$1,508
26 years$22,809$17,177$12,754$9,355$6,792$1,255
27 years$21,729$16,166$11,843$8,563$6,124$1,044
28 years$20,728$15,233$11,010$7,845$5,526$869
29 years$19,797$14,370$10,245$7,194$4,990$723
30 years$18,931$13,571$9,543$6,603$4,508$602
31 years$18,122$12,829$8,897$6,064$4,076$502
32 years$17,365$12,139$8,301$5,573$3,687$418
33 years$16,655$11,496$7,751$5,125$3,337$348
34 years$15,988$10,896$7,242$4,715$3,021$290
35 years$15,361$10,334$6,771$4,341$2,736$241
36 years$14,771$9,809$6,334$3,998$2,479$201
37 years$14,213$9,316$5,928$3,683$2,247$168
38 years$13,686$8,854$5,551$3,395$2,037$140
39 years$13,187$8,419$5,201$3,130$1,847$116
40 years$12,715$8,010$4,875$2,887$1,676$97
41 years$12,266$7,625$4,571$2,664$1,520$81
42 years$11,840$7,261$4,288$2,458$1,379$67
43 years$11,435$6,919$4,024$2,269$1,252$56
44 years$11,050$6,595$3,777$2,095$1,136$47
45 years$10,682$6,289$3,546$1,935$1,032$39
46 years$10,332$5,999$3,331$1,788$937$32
47 years$9,998$5,725$3,129$1,651$850$27
48 years$9,678$5,466$2,941$1,526$772$23
49 years$9,372$5,219$2,764$1,410$701$19
50 years$9,080$4,986$2,599$1,304$637$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,300,000, adding $2,333 every year, while hoping to spend $47,009 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: 54/19/27 Blend
60$9,300,000$9,300,000$9,300,000$9,300,000
61$10,251,006$9,758,106$9,613,956$10,727,607
62$11,246,592$10,186,236$9,886,007$11,485,155
63$12,342,152$10,633,769$10,165,595$12,304,431
64$13,547,833$11,101,606$10,452,925$13,195,450
65$14,874,818$11,590,691$10,748,204$14,165,111
66$16,335,426$12,102,011$11,051,645$15,221,001
67$17,943,232$12,636,602$11,363,468$16,371,468
68$19,713,195$13,195,549$11,683,897$17,625,690
69$21,661,796$13,779,986$12,013,163$18,993,767
70$23,807,197$14,391,103$12,351,502$20,486,810
71$26,169,410$15,030,146$12,699,155$22,117,042
72$28,770,485$15,698,419$13,056,373$23,897,916
73$31,634,722$16,397,288$13,423,409$25,844,235
74$34,788,894$17,128,187$13,800,524$27,972,290
75$38,262,507$17,892,613$14,187,987$30,300,013
76$42,088,070$18,692,138$14,586,072$32,847,139
77$46,301,408$19,528,408$14,995,060$35,635,394
78$50,941,998$20,403,146$15,415,241$38,688,694
79$56,053,340$21,318,159$15,846,910$42,033,368
80$61,683,370$22,275,338$16,290,371$45,698,403
81$67,884,910$23,276,665$16,745,934$49,715,714
82$74,716,166$24,324,217$17,213,918$54,120,443
83$82,241,281$25,420,170$17,694,650$58,951,284
84$90,530,935$26,566,802$18,188,465$64,250,845
85$99,663,017$27,766,502$18,695,705$70,066,048
86$109,723,356$29,021,772$19,216,722$76,448,566
87$120,806,534$30,335,234$19,751,878$83,455,306
88$133,016,774$31,709,634$20,301,539$91,148,939
89$146,468,930$33,147,851$20,866,086$99,598,492
90$161,289,566$34,652,901$21,445,905$108,879,990
91$177,618,152$36,227,943$22,041,393$119,077,170
92$195,608,381$37,876,290$22,652,957$130,282,266
93$215,429,618$39,601,411$23,281,014$142,596,871
94$237,268,501$41,406,942$23,925,989$156,132,894
95$261,330,699$43,296,693$24,588,321$171,013,606
96$287,842,857$45,274,658$25,268,457$187,374,799
97$317,054,733$47,345,020$25,966,854$205,366,063
98$349,241,555$49,512,166$26,683,983$225,152,184
99$384,706,621$51,780,689$27,420,324$246,914,701
100$423,784,160$54,155,407$28,176,369$270,853,603