Can I retire at age 61 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$801,017$793,882$786,921$780,126$773,492$749,332
2 years$396,543$389,158$382,000$375,061$368,329$344,204
3 years$261,736$254,319$247,180$240,305$233,683$210,349
4 years$194,346$186,951$179,883$173,126$166,665$144,300
5 years$153,922$146,572$139,597$132,978$126,696$105,362
6 years$126,982$119,687$112,815$106,343$100,250$79,964
7 years$107,746$100,513$93,750$87,431$81,530$62,291
8 years$93,326$86,158$79,507$73,343$67,637$49,433
9 years$82,117$75,016$68,480$62,472$56,960$39,770
10 years$73,154$66,123$59,702$53,852$48,533$32,331
11 years$65,826$58,866$52,561$46,867$41,740$26,498
12 years$59,723$52,835$46,646$41,109$36,171$21,856
13 years$54,564$47,747$41,675$36,293$31,542$18,120
14 years$50,145$43,401$37,446$32,217$27,649$15,086
15 years$46,319$39,647$33,808$28,732$24,345$12,601
16 years$42,975$36,376$30,652$25,726$21,516$10,556
17 years$40,027$33,501$27,892$23,115$19,078$8,862
18 years$37,409$30,956$25,462$20,831$16,963$7,455
19 years$35,070$28,690$23,309$18,823$15,119$6,280
20 years$32,967$26,660$21,392$17,047$13,505$5,298
21 years$31,067$24,833$19,677$15,472$12,085$4,475
22 years$29,342$23,180$18,135$14,067$10,833$3,782
23 years$27,770$21,680$16,744$12,811$9,724$3,200
24 years$26,330$20,313$15,486$11,685$8,740$2,709
25 years$25,008$19,063$14,343$10,671$7,865$2,294
26 years$23,790$17,916$13,302$9,757$7,084$1,944
27 years$22,663$16,861$12,352$8,931$6,387$1,648
28 years$21,619$15,888$11,483$8,183$5,763$1,398
29 years$20,649$14,988$10,686$7,504$5,204$1,186
30 years$19,745$14,155$9,954$6,887$4,702$1,006
31 years$18,901$13,381$9,280$6,325$4,251$854
32 years$18,111$12,661$8,658$5,813$3,846$725
33 years$17,371$11,990$8,084$5,345$3,480$615
34 years$16,676$11,364$7,553$4,918$3,151$522
35 years$16,022$10,779$7,062$4,527$2,854$444
36 years$15,406$10,231$6,606$4,170$2,586$377
37 years$14,824$9,717$6,183$3,842$2,344$320
38 years$14,275$9,234$5,790$3,541$2,125$272
39 years$13,754$8,781$5,425$3,265$1,927$231
40 years$13,261$8,354$5,085$3,011$1,748$196
41 years$12,794$7,953$4,768$2,778$1,586$166
42 years$12,350$7,574$4,472$2,564$1,439$141
43 years$11,927$7,216$4,197$2,367$1,306$120
44 years$11,525$6,879$3,939$2,186$1,185$102
45 years$11,142$6,559$3,699$2,018$1,076$87
46 years$10,776$6,257$3,474$1,864$977$74
47 years$10,428$5,971$3,264$1,723$887$63
48 years$10,094$5,701$3,067$1,592$806$53
49 years$9,776$5,444$2,883$1,471$732$45
50 years$9,471$5,200$2,710$1,360$665$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,700,000, adding $3,911 every year, while hoping to spend $34,734 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: 35/36/29 Blend
60$9,700,000$9,700,000$9,700,000$9,700,000
61$10,693,434$10,179,334$10,028,984$10,974,164
62$11,747,208$10,641,165$10,327,998$11,647,214
63$12,907,302$11,124,461$10,635,866$12,369,520
64$14,184,525$11,630,238$10,952,845$13,148,226
65$15,590,787$12,159,559$11,279,205$13,988,407
66$17,139,209$12,713,540$11,615,221$14,895,628
67$18,844,252$13,293,348$11,961,175$15,875,993
68$20,721,851$13,900,206$12,317,359$16,936,196
69$22,789,562$14,535,399$12,684,073$18,083,585
70$25,066,734$15,200,270$13,061,626$19,326,221
71$27,574,685$15,896,227$13,450,334$20,672,955
72$30,336,908$16,624,747$13,850,526$22,133,503
73$33,379,290$17,387,378$14,262,536$23,718,535
74$36,730,358$18,185,740$14,686,712$25,439,771
75$40,421,546$19,021,532$15,123,408$27,310,081
76$44,487,493$19,896,536$15,572,991$29,343,610
77$48,966,369$20,812,619$16,035,838$31,555,898
78$53,900,237$21,771,735$16,512,337$33,964,022
79$59,335,447$22,775,936$17,002,886$36,586,755
80$65,323,077$23,827,371$17,507,897$39,444,731
81$71,919,410$24,928,292$18,027,791$42,560,637
82$79,186,470$26,081,059$18,563,003$45,959,416
83$87,192,607$27,288,147$19,113,980$49,668,500
84$96,013,136$28,552,149$19,681,181$53,718,056
85$105,731,056$29,875,785$20,265,081$58,141,264
86$116,437,828$31,261,903$20,866,166$62,974,623
87$128,234,240$32,713,490$21,484,936$68,258,286
88$141,231,359$34,233,677$22,121,907$74,036,428
89$155,551,576$35,825,746$22,777,610$80,357,653
90$171,329,766$37,493,137$23,452,589$87,275,445
91$188,714,558$39,239,456$24,147,406$94,848,661
92$207,869,736$41,068,482$24,862,637$103,142,073
93$228,975,790$42,984,180$25,598,877$112,226,970
94$252,231,618$44,990,701$26,356,737$122,181,820
95$277,856,399$47,092,402$27,136,844$133,092,992
96$306,091,669$49,293,846$27,939,845$145,055,564
97$337,203,594$51,599,820$28,766,404$158,174,205
98$371,485,489$54,015,339$29,617,207$172,564,144
99$409,260,581$56,545,663$30,492,956$188,352,248
100$450,885,066$59,196,306$31,394,376$205,678,201