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%12.2%
1 years$784,501$777,513$770,696$764,041$757,543$750,569
2 years$388,367$381,134$374,124$367,327$360,735$353,708
3 years$256,339$249,075$242,083$235,350$228,865$222,004
4 years$190,339$183,097$176,174$169,557$163,228$156,586
5 years$150,748$143,550$136,719$130,236$124,084$117,678
6 years$124,364$117,219$110,489$104,151$98,183$92,024
7 years$105,525$98,441$91,817$85,628$79,849$73,938
8 years$91,402$84,382$77,868$71,831$66,243$60,580
9 years$80,423$73,470$67,068$61,184$55,786$50,369
10 years$71,646$64,760$58,471$52,741$47,532$42,359
11 years$64,469$57,652$51,477$45,901$40,879$35,945
12 years$58,492$51,745$45,685$40,261$35,425$30,725
13 years$53,439$46,763$40,816$35,545$30,891$26,420
14 years$49,111$42,506$36,673$31,552$27,079$22,831
15 years$45,364$38,830$33,111$28,139$23,843$19,812
16 years$42,089$35,626$30,020$25,196$21,072$17,252
17 years$39,201$32,810$27,317$22,638$18,684$15,067
18 years$36,638$30,318$24,937$20,401$16,613$13,193
19 years$34,347$28,098$22,829$18,434$14,808$11,577
20 years$32,287$26,110$20,951$16,696$13,226$10,178
21 years$30,427$24,321$19,271$15,153$11,836$8,963
22 years$28,737$22,702$17,761$13,777$10,609$7,904
23 years$27,197$21,233$16,399$12,547$9,524$6,979
24 years$25,787$19,894$15,167$11,444$8,560$6,169
25 years$24,492$18,670$14,047$10,451$7,703$5,459
26 years$23,299$17,546$13,028$9,556$6,938$4,834
27 years$22,196$16,513$12,098$8,747$6,256$4,283
28 years$21,173$15,560$11,246$8,014$5,644$3,798
29 years$20,223$14,679$10,466$7,349$5,097$3,370
30 years$19,338$13,863$9,748$6,745$4,605$2,992
31 years$18,511$13,105$9,088$6,194$4,164$2,657
32 years$17,738$12,400$8,479$5,693$3,766$2,361
33 years$17,013$11,743$7,917$5,235$3,408$2,098
34 years$16,332$11,130$7,397$4,817$3,086$1,865
35 years$15,692$10,557$6,916$4,434$2,795$1,659
36 years$15,088$10,020$6,470$4,084$2,533$1,476
37 years$14,519$9,516$6,056$3,762$2,295$1,313
38 years$13,980$9,044$5,671$3,468$2,081$1,168
39 years$13,471$8,600$5,313$3,198$1,887$1,040
40 years$12,988$8,182$4,980$2,949$1,712$926
41 years$12,530$7,789$4,670$2,721$1,553$824
42 years$12,095$7,418$4,380$2,511$1,409$734
43 years$11,681$7,068$4,110$2,318$1,279$653
44 years$11,287$6,737$3,858$2,140$1,161$582
45 years$10,912$6,424$3,623$1,977$1,054$518
46 years$10,554$6,128$3,403$1,826$957$462
47 years$10,213$5,848$3,197$1,687$869$411
48 years$9,886$5,583$3,004$1,559$789$366
49 years$9,574$5,332$2,823$1,441$717$326
50 years$9,275$5,093$2,654$1,332$651$291

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 $4,096 every year, while hoping to spend $56,440 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: 62/8/30 Blend
60$9,500,000$9,500,000$9,500,000$9,500,000
61$10,473,225$9,969,725$9,822,475$11,037,518
62$11,481,442$10,398,190$10,091,476$11,850,695
63$12,590,606$10,845,758$10,367,597$12,731,838
64$13,810,953$11,313,305$10,651,017$13,692,889
65$15,153,763$11,801,750$10,941,919$14,741,691
66$16,631,464$12,312,052$11,240,490$15,886,872
67$18,257,748$12,845,218$11,546,922$17,137,932
68$20,047,705$13,402,300$11,861,410$18,505,330
69$22,017,959$13,984,401$12,184,155$20,000,579
70$24,186,828$14,592,674$12,515,361$21,636,355
71$26,574,497$15,228,328$12,855,239$23,426,617
72$29,203,209$15,892,628$13,204,002$25,386,733
73$32,097,469$16,586,900$13,561,869$27,533,627
74$35,284,283$17,312,531$13,929,064$29,885,935
75$38,793,408$18,070,972$14,305,816$32,464,181
76$42,657,632$18,863,747$14,692,357$35,290,969
77$46,913,087$19,692,447$15,088,928$38,391,193
78$51,599,586$20,558,742$15,495,771$41,792,271
79$56,761,002$21,464,377$15,913,137$45,524,401
80$62,445,677$22,411,185$16,341,280$49,620,848
81$68,706,882$23,401,079$16,780,460$54,118,249
82$75,603,321$24,436,069$17,230,942$59,056,963
83$83,199,679$25,518,256$17,692,998$64,481,448
84$91,567,238$26,649,842$18,166,904$70,440,676
85$100,784,545$27,833,133$18,652,944$76,988,596
86$110,938,157$29,070,544$19,151,406$84,184,640
87$122,123,455$30,364,607$19,662,585$92,094,279
88$134,445,546$31,717,972$20,186,781$100,789,644
89$148,020,254$33,133,415$20,724,300$110,350,196
90$162,975,212$34,613,844$21,275,456$120,863,482
91$179,451,068$36,162,307$21,840,568$132,425,954
92$197,602,811$37,781,994$22,419,961$145,143,875
93$217,601,236$39,476,250$23,013,968$159,134,323
94$239,634,552$41,248,576$23,622,926$174,526,289
95$263,910,164$43,102,643$24,247,181$191,461,895
96$290,656,623$45,042,296$24,887,084$210,097,730
97$320,125,792$47,071,562$25,542,995$230,606,325
98$352,595,215$49,194,660$26,215,277$253,177,778
99$388,370,742$51,416,013$26,904,304$278,021,544
100$427,789,413$53,740,254$27,610,454$305,368,409