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

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$767,985$761,144$754,470$747,956$741,595$723,667
2 years$380,191$373,110$366,248$359,594$353,141$335,186
3 years$250,943$243,832$236,987$230,396$224,047$206,627
4 years$186,331$179,242$172,466$165,987$159,792$143,041
5 years$147,575$140,528$133,840$127,494$121,471$105,436
6 years$121,745$114,752$108,163$101,958$96,116$80,813
7 years$103,303$96,368$89,884$83,825$78,168$63,599
8 years$89,478$82,605$76,229$70,319$64,848$51,006
9 years$78,730$71,923$65,656$59,896$54,611$41,486
10 years$70,137$63,396$57,240$51,631$46,532$34,107
11 years$63,111$56,438$50,393$44,934$40,019$28,278
12 years$57,261$50,656$44,723$39,414$34,679$23,603
13 years$52,314$45,778$39,957$34,796$30,241$19,808
14 years$48,077$41,611$35,901$30,888$26,509$16,696
15 years$44,409$38,012$32,414$27,547$23,341$14,124
16 years$41,203$34,876$29,388$24,665$20,629$11,985
17 years$38,376$32,119$26,742$22,162$18,291$10,195
18 years$35,867$29,680$24,412$19,972$16,263$8,691
19 years$33,624$27,507$22,348$18,046$14,496$7,422
20 years$31,608$25,561$20,510$16,344$12,948$6,347
21 years$29,786$23,809$18,865$14,834$11,587$5,435
22 years$28,132$22,225$17,387$13,487$10,386$4,660
23 years$26,625$20,786$16,054$12,283$9,323$3,998
24 years$25,245$19,475$14,847$11,203$8,380$3,433
25 years$23,977$18,277$13,752$10,231$7,541$2,950
26 years$22,809$17,177$12,754$9,355$6,792$2,537
27 years$21,729$16,166$11,843$8,563$6,124$2,182
28 years$20,728$15,233$11,010$7,845$5,526$1,878
29 years$19,797$14,370$10,245$7,194$4,990$1,616
30 years$18,931$13,571$9,543$6,603$4,508$1,392
31 years$18,122$12,829$8,897$6,064$4,076$1,199
32 years$17,365$12,139$8,301$5,573$3,687$1,033
33 years$16,655$11,496$7,751$5,125$3,337$890
34 years$15,988$10,896$7,242$4,715$3,021$767
35 years$15,361$10,334$6,771$4,341$2,736$661
36 years$14,771$9,809$6,334$3,998$2,479$570
37 years$14,213$9,316$5,928$3,683$2,247$492
38 years$13,686$8,854$5,551$3,395$2,037$424
39 years$13,187$8,419$5,201$3,130$1,847$366
40 years$12,715$8,010$4,875$2,887$1,676$315
41 years$12,266$7,625$4,571$2,664$1,520$272
42 years$11,840$7,261$4,288$2,458$1,379$235
43 years$11,435$6,919$4,024$2,269$1,252$202
44 years$11,050$6,595$3,777$2,095$1,136$175
45 years$10,682$6,289$3,546$1,935$1,032$151
46 years$10,332$5,999$3,331$1,788$937$130
47 years$9,998$5,725$3,129$1,651$850$112
48 years$9,678$5,466$2,941$1,526$772$97
49 years$9,372$5,219$2,764$1,410$701$83
50 years$9,080$4,986$2,599$1,304$637$72

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 $2,583 every year, while hoping to spend $33,726 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: 44/30/26 Blend
60$9,300,000$9,300,000$9,300,000$9,300,000
61$10,251,264$9,758,364$9,614,214$10,624,844
62$11,261,009$10,200,640$9,900,406$11,333,168
63$12,372,618$10,663,457$10,195,055$12,097,066
64$13,596,444$11,147,786$10,498,409$12,924,487
65$14,943,898$11,654,644$10,810,723$13,821,353
66$16,427,552$12,185,098$11,132,258$14,794,165
67$18,061,259$12,740,264$11,463,285$15,850,065
68$19,860,284$13,321,314$11,804,082$16,996,898
69$21,841,448$13,929,473$12,154,934$18,243,283
70$24,023,286$14,566,028$12,516,135$19,598,691
71$26,426,223$15,232,325$12,887,987$21,073,531
72$29,072,766$15,929,777$13,270,803$22,679,243
73$31,987,714$16,659,862$13,664,901$24,428,404
74$35,198,398$17,424,132$14,070,612$26,334,843
75$38,734,930$18,224,211$14,488,273$28,413,764
76$42,630,498$19,061,802$14,918,235$30,681,887
77$46,921,669$19,938,690$15,360,856$33,157,602
78$51,648,739$20,856,746$15,816,505$35,861,136
79$56,856,113$21,817,930$16,285,561$38,814,740
80$62,592,725$22,824,296$16,768,415$42,042,890
81$68,912,496$23,878,000$17,265,470$45,572,519
82$75,874,846$24,981,297$17,777,138$49,433,261
83$83,545,253$26,136,554$18,303,846$53,657,722
84$91,995,874$27,346,250$18,846,030$58,281,789
85$101,306,222$28,612,985$19,404,140$63,344,955
86$111,563,919$29,939,483$19,978,641$68,890,688
87$122,865,521$31,328,601$20,570,008$74,966,833
88$135,317,433$32,783,330$21,178,732$81,626,057
89$149,036,908$34,306,810$21,805,316$88,926,337
90$164,153,157$35,902,329$22,450,279$96,931,500
91$180,808,571$37,573,335$23,114,155$105,711,816
92$199,160,058$39,323,441$23,797,492$115,344,653
93$219,380,530$41,156,436$24,500,855$125,915,196
94$241,660,535$43,076,292$25,224,824$137,517,243
95$266,210,050$45,087,171$25,969,996$150,254,079
96$293,260,470$47,193,437$26,736,986$164,239,441
97$323,066,789$49,399,667$27,526,426$179,598,581
98$355,910,005$51,710,654$28,338,965$196,469,434
99$392,099,777$54,131,427$29,175,272$215,003,908
100$431,977,345$56,667,258$30,036,034$235,369,307