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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$776,243$769,329$762,583$755,999$749,569$735,941
2 years$384,279$377,122$370,186$363,461$356,938$343,256
3 years$253,641$246,453$239,535$232,873$226,456$213,147
4 years$188,335$181,169$174,320$167,772$161,510$148,677
5 years$149,162$142,039$135,279$128,865$122,778$110,456
6 years$123,055$115,985$109,326$103,054$97,150$85,355
7 years$104,414$97,404$90,850$84,727$79,009$67,743
8 years$90,440$83,494$77,048$71,075$65,545$54,806
9 years$79,577$72,696$66,362$60,540$55,199$44,979
10 years$70,892$64,078$57,856$52,186$47,032$37,324
11 years$63,790$57,045$50,935$45,418$40,449$31,241
12 years$57,876$51,201$45,204$39,837$35,052$26,331
13 years$52,876$46,270$40,386$35,170$30,566$22,319
14 years$48,594$42,058$36,287$31,220$26,794$19,006
15 years$44,887$38,421$32,763$27,843$23,592$16,246
16 years$41,646$35,251$29,704$24,930$20,850$13,933
17 years$38,789$32,465$27,030$22,400$18,487$11,981
18 years$36,252$29,999$24,675$20,187$16,438$10,326
19 years$33,985$27,802$22,588$18,240$14,652$8,917
20 years$31,948$25,835$20,730$16,520$13,087$7,712
21 years$30,106$24,065$19,068$14,993$11,712$6,680
22 years$28,435$22,463$17,574$13,632$10,498$5,794
23 years$26,911$21,010$16,227$12,415$9,423$5,030
24 years$25,516$19,685$15,007$11,323$8,470$4,371
25 years$24,235$18,473$13,899$10,341$7,622$3,801
26 years$23,054$17,362$12,891$9,455$6,865$3,307
27 years$21,962$16,339$11,970$8,655$6,190$2,880
28 years$20,951$15,397$11,128$7,930$5,585$2,509
29 years$20,010$14,525$10,356$7,272$5,043$2,186
30 years$19,134$13,717$9,646$6,674$4,557$1,906
31 years$18,317$12,967$8,993$6,129$4,120$1,662
32 years$17,551$12,270$8,390$5,633$3,727$1,450
33 years$16,834$11,620$7,834$5,180$3,373$1,266
34 years$16,160$11,013$7,320$4,766$3,054$1,105
35 years$15,527$10,445$6,843$4,387$2,766$964
36 years$14,929$9,914$6,402$4,041$2,506$842
37 years$14,366$9,416$5,992$3,723$2,271$735
38 years$13,833$8,949$5,611$3,431$2,059$642
39 years$13,329$8,509$5,257$3,164$1,867$561
40 years$12,851$8,096$4,927$2,918$1,694$490
41 years$12,398$7,707$4,620$2,692$1,536$428
42 years$11,968$7,340$4,334$2,485$1,394$374
43 years$11,558$6,993$4,067$2,294$1,265$327
44 years$11,169$6,666$3,818$2,118$1,149$286
45 years$10,797$6,357$3,585$1,956$1,043$249
46 years$10,443$6,064$3,367$1,807$947$218
47 years$10,105$5,787$3,163$1,669$860$191
48 years$9,782$5,524$2,972$1,542$781$167
49 years$9,473$5,275$2,794$1,425$709$146
50 years$9,178$5,039$2,627$1,318$644$127

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 $3,634 every year, while hoping to spend $33,802 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: 60/22/18 Blend
60$9,400,000$9,400,000$9,400,000$9,400,000
61$10,362,548$9,864,348$9,718,648$10,935,879
62$11,383,563$10,311,736$10,008,258$11,771,197
63$12,507,589$10,779,914$10,306,437$12,678,007
64$13,745,096$11,269,863$10,613,436$13,666,519
65$15,107,624$11,782,614$10,929,514$14,744,650
66$16,607,887$12,319,247$11,254,937$15,921,103
67$18,259,893$12,880,892$11,589,980$17,205,454
68$20,079,082$13,468,735$11,934,924$18,608,237
69$22,082,462$14,084,018$12,290,058$20,141,039
70$24,288,781$14,728,042$12,655,682$21,816,611
71$26,718,691$15,402,171$13,032,103$23,648,983
72$29,394,955$16,107,835$13,419,635$25,653,591
73$32,342,653$16,846,531$13,818,606$27,847,426
74$35,589,423$17,619,830$14,229,348$30,249,187
75$39,165,720$18,429,377$14,652,207$32,879,454
76$43,105,103$19,276,897$15,087,536$35,760,882
77$47,444,554$20,164,196$15,535,699$38,918,406
78$52,224,826$21,093,168$15,997,072$42,379,480
79$57,490,825$22,065,800$16,472,040$46,174,326
80$63,292,036$23,084,171$16,961,000$50,336,217
81$69,682,990$24,150,462$17,464,361$54,901,789
82$76,723,780$25,266,960$17,982,542$59,911,381
83$84,480,624$26,436,059$18,515,975$65,409,410
84$93,026,492$27,660,271$19,065,105$71,444,786
85$102,441,799$28,942,228$19,630,390$78,071,372
86$112,815,154$30,284,689$20,212,300$85,348,481
87$124,244,207$31,690,546$20,811,319$93,341,435
88$136,836,563$33,162,830$21,427,946$102,122,178
89$150,710,802$34,704,718$22,062,692$111,769,942
90$165,997,596$36,319,542$22,716,084$122,371,994
91$182,840,944$38,010,792$23,388,666$134,024,453
92$201,399,528$39,782,129$24,080,994$146,833,189
93$221,848,215$41,637,388$24,793,642$160,914,815
94$244,379,705$43,580,592$25,527,201$176,397,784
95$269,206,351$45,615,957$26,282,278$193,423,589
96$296,562,161$47,747,902$27,059,498$212,148,094
97$326,705,013$49,981,060$27,859,502$232,742,994
98$359,919,081$52,320,289$28,682,952$255,397,431
99$396,517,524$54,770,680$29,530,528$280,319,767
100$436,845,439$57,337,571$30,402,928$307,739,543