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%19.9%
1 years$776,243$769,329$762,583$755,999$749,569$719,829
2 years$384,279$377,122$370,186$363,461$356,938$327,344
3 years$253,641$246,453$239,535$232,873$226,456$197,940
4 years$188,335$181,169$174,320$167,772$161,510$134,289
5 years$149,162$142,039$135,279$128,865$122,778$96,921
6 years$123,055$115,985$109,326$103,054$97,150$72,674
7 years$104,414$97,404$90,850$84,727$79,009$55,905
8 years$90,440$83,494$77,048$71,075$65,545$43,790
9 years$79,577$72,696$66,362$60,540$55,199$34,758
10 years$70,892$64,078$57,856$52,186$47,032$27,867
11 years$63,790$57,045$50,935$45,418$40,449$22,515
12 years$57,876$51,201$45,204$39,837$35,052$18,301
13 years$52,876$46,270$40,386$35,170$30,566$14,946
14 years$48,594$42,058$36,287$31,220$26,794$12,254
15 years$44,887$38,421$32,763$27,843$23,592$10,077
16 years$41,646$35,251$29,704$24,930$20,850$8,307
17 years$38,789$32,465$27,030$22,400$18,487$6,862
18 years$36,252$29,999$24,675$20,187$16,438$5,678
19 years$33,985$27,802$22,588$18,240$14,652$4,705
20 years$31,948$25,835$20,730$16,520$13,087$3,903
21 years$30,106$24,065$19,068$14,993$11,712$3,240
22 years$28,435$22,463$17,574$13,632$10,498$2,692
23 years$26,911$21,010$16,227$12,415$9,423$2,239
24 years$25,516$19,685$15,007$11,323$8,470$1,862
25 years$24,235$18,473$13,899$10,341$7,622$1,550
26 years$23,054$17,362$12,891$9,455$6,865$1,290
27 years$21,962$16,339$11,970$8,655$6,190$1,075
28 years$20,951$15,397$11,128$7,930$5,585$895
29 years$20,010$14,525$10,356$7,272$5,043$746
30 years$19,134$13,717$9,646$6,674$4,557$621
31 years$18,317$12,967$8,993$6,129$4,120$518
32 years$17,551$12,270$8,390$5,633$3,727$432
33 years$16,834$11,620$7,834$5,180$3,373$360
34 years$16,160$11,013$7,320$4,766$3,054$300
35 years$15,527$10,445$6,843$4,387$2,766$250
36 years$14,929$9,914$6,402$4,041$2,506$209
37 years$14,366$9,416$5,992$3,723$2,271$174
38 years$13,833$8,949$5,611$3,431$2,059$145
39 years$13,329$8,509$5,257$3,164$1,867$121
40 years$12,851$8,096$4,927$2,918$1,694$101
41 years$12,398$7,707$4,620$2,692$1,536$84
42 years$11,968$7,340$4,334$2,485$1,394$70
43 years$11,558$6,993$4,067$2,294$1,265$58
44 years$11,169$6,666$3,818$2,118$1,149$49
45 years$10,797$6,357$3,585$1,956$1,043$41
46 years$10,443$6,064$3,367$1,807$947$34
47 years$10,105$5,787$3,163$1,669$860$28
48 years$9,782$5,524$2,972$1,542$781$24
49 years$9,473$5,275$2,794$1,425$709$20
50 years$9,178$5,039$2,627$1,318$644$16

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 $2,451 every year, while hoping to spend $39,827 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: 80/7/13 Blend
60$9,400,000$9,400,000$9,400,000$9,400,000
61$10,361,328$9,863,128$9,717,428$11,164,156
62$11,375,808$10,304,046$10,000,586$12,132,955
63$12,492,430$10,765,234$10,291,896$13,190,492
64$13,721,571$11,247,643$10,591,587$14,349,914
65$15,074,663$11,752,270$10,899,897$15,621,405
66$16,564,306$12,280,158$11,217,071$17,016,182
67$18,204,382$12,832,402$11,543,360$18,546,597
68$20,010,186$13,410,148$11,879,020$20,226,255
69$21,998,575$14,014,595$12,224,317$22,070,140
70$24,188,121$14,647,001$12,579,522$24,094,753
71$26,599,290$15,308,685$12,944,917$26,318,272
72$29,254,633$16,001,026$13,320,787$28,760,719
73$32,179,001$16,725,472$13,707,430$31,444,149
74$35,399,778$17,483,538$14,105,147$34,392,853
75$38,947,137$18,276,813$14,514,251$37,633,593
76$42,854,328$19,106,961$14,935,062$41,195,847
77$47,157,993$19,975,725$15,367,909$45,112,091
78$51,898,506$20,884,933$15,813,132$49,418,098
79$57,120,359$21,836,500$16,271,077$54,153,280
80$62,872,579$22,832,432$16,742,102$59,361,056
81$69,209,193$23,874,832$17,226,573$65,089,258
82$76,189,735$24,965,904$17,724,868$71,390,585
83$83,879,811$26,107,956$18,237,374$78,323,096
84$92,351,714$27,303,408$18,764,488$85,950,757
85$101,685,110$28,554,796$19,306,620$94,344,043
86$111,967,789$29,864,779$19,864,189$103,580,600
87$123,296,491$31,236,140$20,437,627$113,745,978
88$135,777,822$32,671,800$21,027,376$124,934,435
89$149,529,259$34,174,818$21,633,893$137,249,824
90$164,680,259$35,748,400$22,257,644$150,806,574
91$181,373,480$37,395,906$22,899,110$165,730,762
92$199,766,128$39,120,858$23,558,783$182,161,308
93$220,031,442$40,926,949$24,237,171$200,251,277
94$242,360,327$42,818,047$24,934,794$220,169,326
95$266,963,157$44,798,208$25,652,186$242,101,291
96$294,071,760$46,871,682$26,389,896$266,251,939
97$323,941,610$49,042,924$27,148,488$292,846,896
98$356,854,232$51,316,606$27,928,540$322,134,777
99$393,119,865$53,697,620$28,730,647$354,389,528
100$433,080,387$56,191,100$29,555,420$389,913,009