Can I retire at age 61 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$776,243$769,329$762,583$755,999$749,569$727,323
2 years$384,279$377,122$370,186$363,461$356,938$334,709
3 years$253,641$246,453$239,535$232,873$226,456$204,942
4 years$188,335$181,169$174,320$167,772$161,510$140,875
5 years$149,162$142,039$135,279$128,865$122,778$103,078
6 years$123,055$115,985$109,326$103,054$97,150$78,403
7 years$104,414$97,404$90,850$84,727$79,009$61,214
8 years$90,440$83,494$77,048$71,075$65,545$48,692
9 years$79,577$72,696$66,362$60,540$55,199$39,270
10 years$70,892$64,078$57,856$52,186$47,032$32,005
11 years$63,790$57,045$50,935$45,418$40,449$26,298
12 years$57,876$51,201$45,204$39,837$35,052$21,749
13 years$52,876$46,270$40,386$35,170$30,566$18,080
14 years$48,594$42,058$36,287$31,220$26,794$15,094
15 years$44,887$38,421$32,763$27,843$23,592$12,644
16 years$41,646$35,251$29,704$24,930$20,850$10,622
17 years$38,789$32,465$27,030$22,400$18,487$8,944
18 years$36,252$29,999$24,675$20,187$16,438$7,546
19 years$33,985$27,802$22,588$18,240$14,652$6,376
20 years$31,948$25,835$20,730$16,520$13,087$5,396
21 years$30,106$24,065$19,068$14,993$11,712$4,571
22 years$28,435$22,463$17,574$13,632$10,498$3,876
23 years$26,911$21,010$16,227$12,415$9,423$3,289
24 years$25,516$19,685$15,007$11,323$8,470$2,794
25 years$24,235$18,473$13,899$10,341$7,622$2,374
26 years$23,054$17,362$12,891$9,455$6,865$2,018
27 years$21,962$16,339$11,970$8,655$6,190$1,716
28 years$20,951$15,397$11,128$7,930$5,585$1,460
29 years$20,010$14,525$10,356$7,272$5,043$1,243
30 years$19,134$13,717$9,646$6,674$4,557$1,058
31 years$18,317$12,967$8,993$6,129$4,120$901
32 years$17,551$12,270$8,390$5,633$3,727$767
33 years$16,834$11,620$7,834$5,180$3,373$653
34 years$16,160$11,013$7,320$4,766$3,054$557
35 years$15,527$10,445$6,843$4,387$2,766$474
36 years$14,929$9,914$6,402$4,041$2,506$404
37 years$14,366$9,416$5,992$3,723$2,271$344
38 years$13,833$8,949$5,611$3,431$2,059$293
39 years$13,329$8,509$5,257$3,164$1,867$250
40 years$12,851$8,096$4,927$2,918$1,694$213
41 years$12,398$7,707$4,620$2,692$1,536$182
42 years$11,968$7,340$4,334$2,485$1,394$155
43 years$11,558$6,993$4,067$2,294$1,265$132
44 years$11,169$6,666$3,818$2,118$1,149$112
45 years$10,797$6,357$3,585$1,956$1,043$96
46 years$10,443$6,064$3,367$1,807$947$82
47 years$10,105$5,787$3,163$1,669$860$70
48 years$9,782$5,524$2,972$1,542$781$59
49 years$9,473$5,275$2,794$1,425$709$51
50 years$9,178$5,039$2,627$1,318$644$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,400,000, adding $6,084 every year, while hoping to spend $46,958 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: 39/40/21 Blend
60$9,400,000$9,400,000$9,400,000$9,400,000
61$10,365,076$9,866,876$9,721,176$10,704,262
62$11,372,350$10,300,390$9,996,872$11,382,642
63$12,480,793$10,753,572$10,280,231$12,110,787
64$13,700,674$11,227,337$10,571,458$12,897,173
65$15,043,308$11,722,642$10,870,767$13,747,112
66$16,521,164$12,240,489$11,178,376$14,666,430
67$18,147,978$12,781,929$11,494,508$15,661,521
68$19,938,891$13,348,062$11,819,392$16,739,402
69$21,910,580$13,940,040$12,153,264$17,907,777
70$24,081,427$14,559,069$12,496,366$19,175,103
71$26,471,683$15,206,414$12,848,945$20,550,668
72$29,103,664$15,883,398$13,211,254$22,044,676
73$32,001,961$16,591,408$13,583,555$23,668,332
74$35,193,671$17,331,897$13,966,114$25,433,950
75$38,708,652$18,106,386$14,359,205$27,355,060
76$42,579,806$18,916,470$14,763,109$29,446,534
77$46,843,387$19,763,819$15,178,115$31,724,715
78$51,539,348$20,650,181$15,604,517$34,207,574
79$56,711,712$21,577,390$16,042,619$36,914,864
80$62,408,991$22,547,366$16,492,730$39,868,310
81$68,684,641$23,562,121$16,955,170$43,091,798
82$75,597,571$24,623,761$17,430,265$46,611,602
83$83,212,693$25,734,495$17,918,349$50,456,619
84$91,601,539$26,896,637$18,419,765$54,658,637
85$100,842,933$28,112,609$18,934,864$59,252,627
86$111,023,738$29,384,953$19,464,008$64,277,065
87$122,239,672$30,716,328$20,007,565$69,774,285
88$134,596,214$32,109,524$20,565,914$75,790,872
89$148,209,598$33,567,461$21,139,442$82,378,093
90$163,207,912$35,093,201$21,728,548$89,592,367
91$179,732,303$36,689,951$22,333,638$97,495,791
92$197,938,312$38,361,074$22,955,130$106,156,715
93$217,997,345$40,110,091$23,593,451$115,650,377
94$240,098,282$41,940,694$24,249,040$126,059,597
95$264,449,269$43,856,750$24,922,345$137,475,555
96$291,279,677$45,862,313$25,613,826$149,998,628
97$320,842,269$47,961,632$26,323,954$163,739,336
98$353,415,586$50,159,157$27,053,212$178,819,361
99$389,306,574$52,459,554$27,802,093$195,372,689
100$428,853,484$54,867,712$28,571,103$213,546,855