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%14%
1 years$792,759$785,698$778,808$772,084$765,517$752,836
2 years$392,455$385,146$378,062$371,194$364,532$351,792
3 years$259,038$251,697$244,631$237,828$231,274$218,873
4 years$192,342$185,024$178,029$171,341$164,947$152,980
5 years$152,335$145,061$138,158$131,607$125,390$113,892
6 years$125,673$118,453$111,652$105,247$99,217$88,200
7 years$106,636$99,477$92,783$86,529$80,690$70,159
8 years$92,364$85,270$78,688$72,587$66,940$56,892
9 years$81,270$74,243$67,774$61,828$56,373$46,803
10 years$72,400$65,441$59,087$53,297$48,033$38,932
11 years$65,147$58,259$52,019$46,384$41,310$32,669
12 years$59,108$52,290$46,165$40,685$35,798$27,606
13 years$54,001$47,255$41,246$35,919$31,217$23,461
14 years$49,628$42,953$37,060$31,885$27,364$20,032
15 years$45,842$39,239$33,460$28,435$24,094$17,171
16 years$42,532$36,001$30,336$25,461$21,294$14,767
17 years$39,614$33,155$27,605$22,876$18,881$12,735
18 years$37,024$30,637$25,200$20,616$16,788$11,007
19 years$34,708$28,394$23,069$18,629$14,963$9,533
20 years$32,627$26,385$21,172$16,872$13,366$8,271
21 years$30,747$24,577$19,474$15,312$11,961$7,186
22 years$29,040$22,941$17,948$13,922$10,721$6,251
23 years$27,483$21,457$16,572$12,679$9,624$5,444
24 years$26,059$20,104$15,326$11,564$8,650$4,745
25 years$24,750$18,866$14,195$10,561$7,784$4,139
26 years$23,544$17,731$13,165$9,657$7,011$3,614
27 years$22,430$16,687$12,225$8,839$6,321$3,157
28 years$21,396$15,724$11,365$8,098$5,704$2,759
29 years$20,436$14,834$10,576$7,426$5,150$2,412
30 years$19,541$14,009$9,851$6,816$4,654$2,110
31 years$18,706$13,243$9,184$6,260$4,207$1,846
32 years$17,925$12,531$8,569$5,753$3,806$1,616
33 years$17,192$11,867$8,001$5,290$3,444$1,415
34 years$16,504$11,247$7,475$4,867$3,118$1,239
35 years$15,857$10,668$6,989$4,481$2,825$1,085
36 years$15,247$10,125$6,538$4,127$2,559$951
37 years$14,671$9,617$6,119$3,802$2,319$833
38 years$14,127$9,139$5,731$3,504$2,103$730
39 years$13,613$8,690$5,369$3,231$1,907$640
40 years$13,125$8,268$5,032$2,980$1,730$561
41 years$12,662$7,871$4,719$2,750$1,569$492
42 years$12,222$7,496$4,426$2,538$1,424$431
43 years$11,804$7,142$4,153$2,343$1,292$378
44 years$11,406$6,808$3,899$2,163$1,173$331
45 years$11,027$6,492$3,661$1,998$1,065$291
46 years$10,665$6,193$3,438$1,845$967$255
47 years$10,320$5,910$3,230$1,705$878$223
48 years$9,990$5,642$3,036$1,575$797$196
49 years$9,675$5,388$2,853$1,456$724$172
50 years$9,373$5,146$2,682$1,346$658$151

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 $4,498 every year, while hoping to spend $34,160 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: 48/34/18 Blend
60$9,600,000$9,600,000$9,600,000$9,600,000
61$10,583,840$10,075,040$9,926,240$11,038,037
62$11,627,045$10,532,371$10,222,423$11,810,999
63$12,775,513$11,010,966$10,527,383$12,646,002
64$14,039,944$11,511,831$10,841,379$13,551,971
65$15,432,128$12,036,021$11,164,675$14,535,568
66$16,965,058$12,584,640$11,497,545$15,604,111
67$18,653,052$13,158,844$11,840,270$16,765,638
68$20,511,883$13,759,848$12,193,139$18,028,980
69$22,558,937$14,388,922$12,556,451$19,403,840
70$24,813,367$15,047,398$12,930,511$20,900,884
71$27,296,282$15,736,672$13,315,634$22,531,833
72$30,030,941$16,458,207$13,712,146$24,309,572
73$33,042,974$17,213,536$14,120,380$26,248,268
74$36,360,624$18,004,266$14,540,679$28,363,498
75$40,015,013$18,832,080$14,973,397$30,672,389
76$44,040,436$19,698,744$15,418,898$33,193,781
77$48,474,685$20,606,107$15,877,555$35,948,392
78$53,359,404$21,556,108$16,349,755$38,959,014
79$58,740,484$22,550,778$16,835,893$42,250,720
80$64,668,495$23,592,247$17,336,376$45,851,095
81$71,199,161$24,682,747$17,851,625$49,790,489
82$78,393,892$25,824,619$18,382,071$54,102,301
83$86,320,357$27,020,312$18,928,158$58,823,281
84$95,053,125$28,272,399$19,490,343$63,993,876
85$104,674,370$29,583,573$20,069,096$69,658,601
86$115,274,646$30,956,659$20,664,901$75,866,452
87$126,953,740$32,394,615$21,278,255$82,671,362
88$139,821,615$33,900,545$21,909,670$90,132,699
89$153,999,450$35,477,701$22,559,674$98,315,819
90$169,620,778$37,129,493$23,228,808$107,292,673
91$186,832,754$38,859,495$23,917,629$117,142,479
92$205,797,537$40,671,452$24,626,712$127,952,455
93$226,693,824$42,569,292$25,356,646$139,818,637
94$249,718,539$44,557,132$26,108,038$152,846,769
95$275,088,686$46,639,287$26,881,513$167,153,294
96$303,043,401$48,820,282$27,677,713$182,866,440
97$333,846,212$51,104,859$28,497,300$200,127,415
98$367,787,519$53,497,991$29,340,953$219,091,730
99$405,187,342$56,004,889$30,209,372$239,930,654
100$446,398,341$58,631,019$31,103,275$262,832,811