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%15.1%
1 years$767,985$761,144$754,470$747,956$741,595$726,028
2 years$380,191$373,110$366,248$359,594$353,141$337,531
3 years$250,943$243,832$236,987$230,396$224,047$208,881
4 years$186,331$179,242$172,466$165,987$159,792$145,187
5 years$147,575$140,528$133,840$127,494$121,471$107,468
6 years$121,745$114,752$108,163$101,958$96,116$82,730
7 years$103,303$96,368$89,884$83,825$78,168$65,402
8 years$89,478$82,605$76,229$70,319$64,848$52,698
9 years$78,730$71,923$65,656$59,896$54,611$43,068
10 years$70,137$63,396$57,240$51,631$46,532$35,584
11 years$63,111$56,438$50,393$44,934$40,019$29,653
12 years$57,261$50,656$44,723$39,414$34,679$24,880
13 years$52,314$45,778$39,957$34,796$30,241$20,991
14 years$48,077$41,611$35,901$30,888$26,509$17,790
15 years$44,409$38,012$32,414$27,547$23,341$15,134
16 years$41,203$34,876$29,388$24,665$20,629$12,915
17 years$38,376$32,119$26,742$22,162$18,291$11,050
18 years$35,867$29,680$24,412$19,972$16,263$9,475
19 years$33,624$27,507$22,348$18,046$14,496$8,140
20 years$31,608$25,561$20,510$16,344$12,948$7,004
21 years$29,786$23,809$18,865$14,834$11,587$6,034
22 years$28,132$22,225$17,387$13,487$10,386$5,205
23 years$26,625$20,786$16,054$12,283$9,323$4,494
24 years$25,245$19,475$14,847$11,203$8,380$3,884
25 years$23,977$18,277$13,752$10,231$7,541$3,359
26 years$22,809$17,177$12,754$9,355$6,792$2,906
27 years$21,729$16,166$11,843$8,563$6,124$2,516
28 years$20,728$15,233$11,010$7,845$5,526$2,180
29 years$19,797$14,370$10,245$7,194$4,990$1,889
30 years$18,931$13,571$9,543$6,603$4,508$1,637
31 years$18,122$12,829$8,897$6,064$4,076$1,420
32 years$17,365$12,139$8,301$5,573$3,687$1,231
33 years$16,655$11,496$7,751$5,125$3,337$1,068
34 years$15,988$10,896$7,242$4,715$3,021$927
35 years$15,361$10,334$6,771$4,341$2,736$804
36 years$14,771$9,809$6,334$3,998$2,479$698
37 years$14,213$9,316$5,928$3,683$2,247$606
38 years$13,686$8,854$5,551$3,395$2,037$526
39 years$13,187$8,419$5,201$3,130$1,847$457
40 years$12,715$8,010$4,875$2,887$1,676$397
41 years$12,266$7,625$4,571$2,664$1,520$345
42 years$11,840$7,261$4,288$2,458$1,379$299
43 years$11,435$6,919$4,024$2,269$1,252$260
44 years$11,050$6,595$3,777$2,095$1,136$226
45 years$10,682$6,289$3,546$1,935$1,032$196
46 years$10,332$5,999$3,331$1,788$937$170
47 years$9,998$5,725$3,129$1,651$850$148
48 years$9,678$5,466$2,941$1,526$772$128
49 years$9,372$5,219$2,764$1,410$701$112
50 years$9,080$4,986$2,599$1,304$637$97

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 $3,547 every year, while hoping to spend $46,848 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: 52/22/26 Blend
60$9,300,000$9,300,000$9,300,000$9,300,000
61$10,252,259$9,759,359$9,615,209$10,710,657
62$11,248,143$10,187,721$9,887,472$11,457,236
63$12,344,038$10,635,504$10,167,287$12,263,870
64$13,550,094$11,103,608$10,454,855$13,140,407
65$14,877,497$11,592,978$10,750,386$14,093,533
66$16,338,572$12,104,605$11,054,095$15,130,595
67$17,946,900$12,639,523$11,366,200$16,259,674
68$19,717,443$13,198,819$11,686,927$17,489,656
69$21,666,690$13,783,629$12,016,507$18,830,314
70$23,812,810$14,395,145$12,355,177$20,292,397
71$26,175,822$15,034,612$12,703,181$21,887,732
72$28,777,785$15,703,337$13,060,767$23,629,326
73$31,643,007$16,402,689$13,428,191$25,531,495
74$34,798,273$17,134,100$13,805,715$27,609,989
75$38,273,099$17,899,073$14,193,608$29,882,139
76$42,100,007$18,699,179$14,592,145$32,367,021
77$46,314,835$19,536,067$15,001,610$35,085,626
78$50,957,076$20,411,461$15,422,292$38,061,062
79$56,070,246$21,327,172$15,854,487$41,318,763
80$61,702,300$22,285,092$16,298,501$44,886,728
81$67,906,079$23,287,206$16,754,645$48,795,779
82$74,739,813$24,335,593$17,223,240$53,079,850
83$82,267,668$25,432,431$17,704,613$57,776,302
84$90,560,353$26,580,003$18,199,100$62,926,271
85$99,695,786$27,780,699$18,707,046$68,575,051
86$109,759,828$29,037,026$19,228,804$74,772,519
87$120,847,097$30,351,607$19,764,736$81,573,597
88$133,061,859$31,727,193$20,315,212$89,038,767
89$146,519,009$33,166,666$20,880,613$97,234,638
90$161,345,161$34,673,046$21,461,326$106,234,565
91$177,679,839$36,249,497$22,057,752$116,119,340
92$195,676,795$37,899,334$22,670,299$126,977,942
93$215,505,458$39,626,032$23,299,384$138,908,377
94$237,352,539$41,433,232$23,945,438$152,018,592
95$261,423,786$43,324,748$24,608,898$166,427,489
96$287,945,930$45,304,579$25,290,214$182,266,038
97$317,168,827$47,376,915$25,989,848$199,678,506
98$349,367,809$49,546,146$26,708,270$218,823,810
99$384,846,293$51,816,874$27,445,964$239,877,013
100$423,938,635$54,193,922$28,203,425$263,030,959