Can I retire at age 61 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$792,759$785,698$778,808$772,084$765,517$740,124
2 years$392,455$385,146$378,062$371,194$364,532$339,195
3 years$259,038$251,697$244,631$237,828$231,274$206,789
4 years$192,342$185,024$178,029$171,341$164,947$141,501
5 years$152,335$145,061$138,158$131,607$125,390$103,046
6 years$125,673$118,453$111,652$105,247$99,217$77,992
7 years$106,636$99,477$92,783$86,529$80,690$60,582
8 years$92,364$85,270$78,688$72,587$66,940$47,935
9 years$81,270$74,243$67,774$61,828$56,373$38,447
10 years$72,400$65,441$59,087$53,297$48,033$31,158
11 years$65,147$58,259$52,019$46,384$41,310$25,454
12 years$59,108$52,290$46,165$40,685$35,798$20,926
13 years$54,001$47,255$41,246$35,919$31,217$17,290
14 years$49,628$42,953$37,060$31,885$27,364$14,344
15 years$45,842$39,239$33,460$28,435$24,094$11,940
16 years$42,532$36,001$30,336$25,461$21,294$9,965
17 years$39,614$33,155$27,605$22,876$18,881$8,336
18 years$37,024$30,637$25,200$20,616$16,788$6,986
19 years$34,708$28,394$23,069$18,629$14,963$5,863
20 years$32,627$26,385$21,172$16,872$13,366$4,928
21 years$30,747$24,577$19,474$15,312$11,961$4,145
22 years$29,040$22,941$17,948$13,922$10,721$3,491
23 years$27,483$21,457$16,572$12,679$9,624$2,941
24 years$26,059$20,104$15,326$11,564$8,650$2,480
25 years$24,750$18,866$14,195$10,561$7,784$2,092
26 years$23,544$17,731$13,165$9,657$7,011$1,766
27 years$22,430$16,687$12,225$8,839$6,321$1,491
28 years$21,396$15,724$11,365$8,098$5,704$1,259
29 years$20,436$14,834$10,576$7,426$5,150$1,064
30 years$19,541$14,009$9,851$6,816$4,654$899
31 years$18,706$13,243$9,184$6,260$4,207$760
32 years$17,925$12,531$8,569$5,753$3,806$642
33 years$17,192$11,867$8,001$5,290$3,444$543
34 years$16,504$11,247$7,475$4,867$3,118$459
35 years$15,857$10,668$6,989$4,481$2,825$388
36 years$15,247$10,125$6,538$4,127$2,559$328
37 years$14,671$9,617$6,119$3,802$2,319$278
38 years$14,127$9,139$5,731$3,504$2,103$235
39 years$13,613$8,690$5,369$3,231$1,907$199
40 years$13,125$8,268$5,032$2,980$1,730$168
41 years$12,662$7,871$4,719$2,750$1,569$142
42 years$12,222$7,496$4,426$2,538$1,424$120
43 years$11,804$7,142$4,153$2,343$1,292$102
44 years$11,406$6,808$3,899$2,163$1,173$86
45 years$11,027$6,492$3,661$1,998$1,065$73
46 years$10,665$6,193$3,438$1,845$967$62
47 years$10,320$5,910$3,230$1,705$878$52
48 years$9,990$5,642$3,036$1,575$797$44
49 years$9,675$5,388$2,853$1,456$724$37
50 years$9,373$5,146$2,682$1,346$658$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,600,000, adding $5,230 every year, while hoping to spend $38,410 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: 84/8/8 Blend
60$9,600,000$9,600,000$9,600,000$9,600,000
61$10,584,595$10,075,795$9,926,995$11,463,774
62$11,623,355$10,528,641$10,218,681$12,491,723
63$12,766,782$11,002,389$10,518,852$13,614,864
64$14,025,511$11,498,023$10,827,750$14,847,300
65$15,411,260$12,016,573$11,145,627$16,199,986
66$16,936,943$12,559,119$11,472,739$17,684,986
67$18,616,788$13,126,793$11,809,353$19,315,590
68$20,466,474$13,720,779$12,155,740$21,106,433
69$22,503,277$14,342,321$12,512,180$23,073,634
70$24,746,235$14,992,718$12,878,962$25,234,950
71$27,216,325$15,673,335$13,256,381$27,609,937
72$29,936,662$16,385,600$13,644,741$30,220,138
73$32,932,718$17,131,010$14,044,356$33,089,284
74$36,232,560$17,911,136$14,455,548$36,243,515
75$39,867,119$18,727,619$14,878,647$39,711,628
76$43,870,477$19,582,184$15,313,993$43,525,343
77$48,280,189$20,476,635$15,761,935$47,719,607
78$53,137,643$21,412,864$16,222,834$52,332,919
79$58,488,442$22,392,854$16,697,059$57,407,692
80$64,382,842$23,418,682$17,184,989$62,990,650
81$70,876,220$24,492,526$17,687,014$69,133,273
82$78,029,603$25,616,668$18,203,537$75,892,274
83$85,910,237$26,793,499$18,734,970$83,330,139
84$94,592,226$28,025,526$19,281,737$91,515,709
85$104,157,231$29,315,375$19,844,273$100,524,833
86$114,695,240$30,665,799$20,423,028$110,441,078
87$126,305,415$32,079,685$21,018,460$121,356,519
88$139,097,034$33,560,055$21,631,045$133,372,604
89$153,190,514$35,110,080$22,261,267$146,601,107
90$168,718,555$36,733,083$22,909,628$161,165,187
91$185,827,388$38,432,544$23,576,641$177,200,543
92$204,678,158$40,212,115$24,262,835$194,856,691
93$225,448,442$42,075,621$24,968,752$214,298,380
94$248,333,928$44,027,071$25,694,950$235,707,135
95$273,550,260$46,070,670$26,442,003$259,282,975
96$301,335,076$48,210,822$27,210,500$285,246,295
97$331,950,248$50,452,147$28,001,046$313,839,943
98$365,684,356$52,799,484$28,814,263$345,331,509
99$402,855,412$55,257,910$29,650,792$380,015,850
100$443,813,859$57,832,743$30,511,289$418,217,865