Can I retire at age 61 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$784,501$777,513$770,696$764,041$757,543$742,856
2 years$388,367$381,134$374,124$367,327$360,735$345,997
3 years$256,339$249,075$242,083$235,350$228,865$214,536
4 years$190,339$183,097$176,174$169,557$163,228$149,419
5 years$150,748$143,550$136,719$130,236$124,084$110,834
6 years$124,364$117,219$110,489$104,151$98,183$85,507
7 years$105,525$98,441$91,817$85,628$79,849$67,749
8 years$91,402$84,382$77,868$71,831$66,243$54,716
9 years$80,423$73,470$67,068$61,184$55,786$44,825
10 years$71,646$64,760$58,471$52,741$47,532$37,127
11 years$64,469$57,652$51,477$45,901$40,879$31,017
12 years$58,492$51,745$45,685$40,261$35,425$26,092
13 years$53,439$46,763$40,816$35,545$30,891$22,072
14 years$49,111$42,506$36,673$31,552$27,079$18,758
15 years$45,364$38,830$33,111$28,139$23,843$16,001
16 years$42,089$35,626$30,020$25,196$21,072$13,693
17 years$39,201$32,810$27,317$22,638$18,684$11,750
18 years$36,638$30,318$24,937$20,401$16,613$10,104
19 years$34,347$28,098$22,829$18,434$14,808$8,706
20 years$32,287$26,110$20,951$16,696$13,226$7,514
21 years$30,427$24,321$19,271$15,153$11,836$6,493
22 years$28,737$22,702$17,761$13,777$10,609$5,618
23 years$27,197$21,233$16,399$12,547$9,524$4,866
24 years$25,787$19,894$15,167$11,444$8,560$4,219
25 years$24,492$18,670$14,047$10,451$7,703$3,660
26 years$23,299$17,546$13,028$9,556$6,938$3,177
27 years$22,196$16,513$12,098$8,747$6,256$2,760
28 years$21,173$15,560$11,246$8,014$5,644$2,398
29 years$20,223$14,679$10,466$7,349$5,097$2,085
30 years$19,338$13,863$9,748$6,745$4,605$1,813
31 years$18,511$13,105$9,088$6,194$4,164$1,578
32 years$17,738$12,400$8,479$5,693$3,766$1,373
33 years$17,013$11,743$7,917$5,235$3,408$1,195
34 years$16,332$11,130$7,397$4,817$3,086$1,040
35 years$15,692$10,557$6,916$4,434$2,795$906
36 years$15,088$10,020$6,470$4,084$2,533$789
37 years$14,519$9,516$6,056$3,762$2,295$687
38 years$13,980$9,044$5,671$3,468$2,081$599
39 years$13,471$8,600$5,313$3,198$1,887$522
40 years$12,988$8,182$4,980$2,949$1,712$454
41 years$12,530$7,789$4,670$2,721$1,553$396
42 years$12,095$7,418$4,380$2,511$1,409$345
43 years$11,681$7,068$4,110$2,318$1,279$301
44 years$11,287$6,737$3,858$2,140$1,161$262
45 years$10,912$6,424$3,623$1,977$1,054$228
46 years$10,554$6,128$3,403$1,826$957$199
47 years$10,213$5,848$3,197$1,687$869$174
48 years$9,886$5,583$3,004$1,559$789$151
49 years$9,574$5,332$2,823$1,441$717$132
50 years$9,275$5,093$2,654$1,332$651$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,500,000, adding $4,204 every year, while hoping to spend $58,761 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: 42/41/17 Blend
60$9,500,000$9,500,000$9,500,000$9,500,000
61$10,473,336$9,969,836$9,822,586$10,860,888
62$11,479,095$10,395,837$10,089,122$11,561,029
63$12,585,473$10,840,743$10,362,617$12,312,641
64$13,802,669$11,305,417$10,643,242$13,125,303
65$15,141,923$11,790,765$10,931,173$14,004,639
66$16,615,620$12,297,733$11,226,589$14,956,818
67$18,237,405$12,827,313$11,529,671$15,988,616
68$20,022,312$13,380,543$11,840,606$17,107,468
69$21,986,907$13,958,510$12,159,586$18,321,545
70$24,149,444$14,562,349$12,486,805$19,639,818
71$26,530,036$15,193,253$12,822,461$21,072,142
72$29,150,845$15,852,467$13,166,759$22,629,349
73$32,036,291$16,541,297$13,519,905$24,323,338
74$35,213,282$17,261,110$13,882,111$26,167,189
75$38,711,468$18,013,337$14,253,593$28,175,278
76$42,563,523$18,799,475$14,634,573$30,363,412
77$46,805,446$19,621,093$15,025,276$32,748,966
78$51,476,910$20,479,835$15,425,931$35,351,051
79$56,621,628$21,377,420$15,836,773$38,190,680
80$62,287,771$22,315,651$16,258,042$41,290,965
81$68,528,419$23,296,413$16,689,981$44,677,328
82$75,402,063$24,321,682$17,132,840$48,377,735
83$82,973,156$25,393,527$17,586,873$52,422,952
84$91,312,723$26,514,115$18,052,339$56,846,831
85$100,499,030$27,685,716$18,529,501$61,686,617
86$110,618,321$28,910,706$19,018,629$66,983,299
87$121,765,634$30,191,575$19,519,998$72,781,982
88$134,045,696$31,530,930$20,033,886$79,132,311
89$147,573,914$32,931,502$20,560,578$86,088,923
90$162,477,460$34,396,153$21,100,364$93,711,962
91$178,896,475$35,927,878$21,653,540$102,067,631
92$196,985,387$37,529,816$22,220,406$111,228,808
93$216,914,376$39,205,256$22,801,268$121,275,729
94$238,870,970$40,957,642$23,396,439$132,296,724
95$263,061,824$42,790,581$24,006,234$144,389,050
96$289,714,664$44,707,853$24,630,977$157,659,791
97$319,080,441$46,713,419$25,270,996$172,226,857
98$351,435,696$48,811,427$25,926,624$188,220,086
99$387,085,172$51,006,222$26,598,201$205,782,454
100$426,364,690$53,302,357$27,286,071$225,071,413