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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$784,501$777,513$770,696$764,041$757,543$744,075
2 years$388,367$381,134$374,124$367,327$360,735$347,212
3 years$256,339$249,075$242,083$235,350$228,865$215,708
4 years$190,339$183,097$176,174$169,557$163,228$150,540
5 years$150,748$143,550$136,719$130,236$124,084$111,899
6 years$124,364$117,219$110,489$104,151$98,183$86,516
7 years$105,525$98,441$91,817$85,628$79,849$68,703
8 years$91,402$84,382$77,868$71,831$66,243$55,615
9 years$80,423$73,470$67,068$61,184$55,786$45,671
10 years$71,646$64,760$58,471$52,741$47,532$37,920
11 years$64,469$57,652$51,477$45,901$40,879$31,760
12 years$58,492$51,745$45,685$40,261$35,425$26,786
13 years$53,439$46,763$40,816$35,545$30,891$22,720
14 years$49,111$42,506$36,673$31,552$27,079$19,360
15 years$45,364$38,830$33,111$28,139$23,843$16,561
16 years$42,089$35,626$30,020$25,196$21,072$14,212
17 years$39,201$32,810$27,317$22,638$18,684$12,230
18 years$36,638$30,318$24,937$20,401$16,613$10,548
19 years$34,347$28,098$22,829$18,434$14,808$9,115
20 years$32,287$26,110$20,951$16,696$13,226$7,890
21 years$30,427$24,321$19,271$15,153$11,836$6,840
22 years$28,737$22,702$17,761$13,777$10,609$5,936
23 years$27,197$21,233$16,399$12,547$9,524$5,158
24 years$25,787$19,894$15,167$11,444$8,560$4,485
25 years$24,492$18,670$14,047$10,451$7,703$3,903
26 years$23,299$17,546$13,028$9,556$6,938$3,399
27 years$22,196$16,513$12,098$8,747$6,256$2,962
28 years$21,173$15,560$11,246$8,014$5,644$2,583
29 years$20,223$14,679$10,466$7,349$5,097$2,253
30 years$19,338$13,863$9,748$6,745$4,605$1,966
31 years$18,511$13,105$9,088$6,194$4,164$1,716
32 years$17,738$12,400$8,479$5,693$3,766$1,498
33 years$17,013$11,743$7,917$5,235$3,408$1,308
34 years$16,332$11,130$7,397$4,817$3,086$1,143
35 years$15,692$10,557$6,916$4,434$2,795$999
36 years$15,088$10,020$6,470$4,084$2,533$873
37 years$14,519$9,516$6,056$3,762$2,295$763
38 years$13,980$9,044$5,671$3,468$2,081$667
39 years$13,471$8,600$5,313$3,198$1,887$583
40 years$12,988$8,182$4,980$2,949$1,712$510
41 years$12,530$7,789$4,670$2,721$1,553$446
42 years$12,095$7,418$4,380$2,511$1,409$390
43 years$11,681$7,068$4,110$2,318$1,279$341
44 years$11,287$6,737$3,858$2,140$1,161$298
45 years$10,912$6,424$3,623$1,977$1,054$261
46 years$10,554$6,128$3,403$1,826$957$228
47 years$10,213$5,848$3,197$1,687$869$199
48 years$9,886$5,583$3,004$1,559$789$174
49 years$9,574$5,332$2,823$1,441$717$153
50 years$9,275$5,093$2,654$1,332$651$133

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 $5,348 every year, while hoping to spend $39,560 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: 72/9/19 Blend
60$9,500,000$9,500,000$9,500,000$9,500,000
61$10,474,516$9,971,016$9,823,766$11,180,843
62$11,500,826$10,417,505$10,110,771$12,097,678
63$12,630,492$10,884,545$10,406,065$13,096,191
64$13,874,018$11,373,103$10,709,883$14,188,753
65$15,242,972$11,884,189$11,022,468$15,384,687
66$16,750,104$12,418,863$11,344,070$16,694,258
67$18,409,462$12,978,236$11,674,944$18,128,769
68$20,236,527$13,563,469$12,015,354$19,700,662
69$22,248,356$14,175,782$12,365,571$21,423,640
70$24,463,743$14,816,450$12,725,873$23,312,793
71$26,903,401$15,486,812$13,096,546$25,384,734
72$29,590,151$16,188,269$13,477,884$27,657,762
73$32,549,142$16,922,290$13,870,188$30,152,030
74$35,808,085$17,690,412$14,273,770$32,889,730
75$39,397,516$18,494,249$14,688,948$35,895,308
76$43,351,085$19,335,490$15,116,050$39,195,684
77$47,705,871$20,215,904$15,555,413$42,820,513
78$52,502,735$21,137,348$16,007,384$46,802,459
79$57,786,700$22,101,764$16,472,318$51,177,499
80$63,607,384$23,111,191$16,950,580$55,985,266
81$70,019,460$24,167,762$17,442,548$61,269,414
82$77,083,177$25,273,716$17,948,606$67,078,037
83$84,864,929$26,431,395$18,469,152$73,464,111
84$93,437,876$27,643,258$19,004,593$80,485,998
85$102,882,641$28,911,879$19,555,348$88,207,993
86$113,288,065$30,239,956$20,121,847$96,700,925
87$124,752,053$31,630,318$20,704,533$106,042,830
88$137,382,487$33,085,929$21,303,861$116,319,675
89$151,298,257$34,609,896$21,920,296$127,626,177
90$166,630,371$36,205,473$22,554,318$140,066,687
91$183,523,202$37,876,074$23,206,421$153,756,172
92$202,135,842$39,625,275$23,877,109$168,821,302
93$222,643,610$41,456,826$24,566,904$185,401,636
94$245,239,702$43,374,654$25,276,340$203,650,942
95$270,137,019$45,382,879$26,005,964$223,738,639
96$297,570,172$47,485,817$26,756,341$245,851,397
97$327,797,701$49,687,994$27,528,050$270,194,892
98$361,104,512$51,994,151$28,321,685$296,995,746
99$397,804,568$54,409,260$29,137,858$326,503,658
100$438,243,853$56,938,533$29,977,195$358,993,761