Can I retire at age 61 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$809,275$802,066$795,033$788,169$781,466$769,788
2 years$400,631$393,170$385,938$378,927$372,127$360,387
3 years$264,434$256,941$249,728$242,782$236,092$224,657
4 years$196,349$188,879$181,738$174,911$168,383$157,340
5 years$155,509$148,083$141,036$134,348$128,002$117,384
6 years$128,291$120,921$113,978$107,440$101,284$91,102
7 years$108,857$101,549$94,716$88,332$82,371$72,629
8 years$94,288$87,047$80,327$74,099$68,335$59,031
9 years$82,963$75,790$69,186$63,116$57,548$48,678
10 years$73,908$66,805$60,318$54,407$49,033$40,591
11 years$66,505$59,472$53,103$47,350$42,170$34,146
12 years$60,339$53,379$47,127$41,533$36,544$28,929
13 years$55,126$48,239$42,105$36,667$31,867$24,650
14 years$50,662$43,848$37,832$32,549$27,934$21,104
15 years$46,797$40,056$34,157$29,028$24,596$18,140
16 years$43,418$36,751$30,968$25,991$21,738$15,644
17 years$40,439$33,846$28,180$23,353$19,274$13,529
18 years$37,795$31,275$25,725$21,046$17,138$11,728
19 years$35,431$28,986$23,550$19,017$15,275$10,187
20 years$33,307$26,935$21,613$17,223$13,644$8,864
21 years$31,388$25,089$19,879$15,631$12,210$7,725
22 years$29,645$23,419$18,322$14,212$10,944$6,740
23 years$28,056$21,904$16,917$12,943$9,824$5,888
24 years$26,602$20,522$15,645$11,805$8,830$5,148
25 years$25,266$19,259$14,491$10,781$7,946$4,506
26 years$24,035$18,101$13,440$9,858$7,157$3,946
27 years$22,897$17,035$12,480$9,023$6,453$3,458
28 years$21,842$16,052$11,602$8,267$5,823$3,032
29 years$20,862$15,143$10,796$7,581$5,258$2,660
30 years$19,949$14,301$10,056$6,958$4,751$2,334
31 years$19,096$13,519$9,375$6,390$4,295$2,049
32 years$18,298$12,792$8,747$5,872$3,885$1,800
33 years$17,550$12,114$8,167$5,400$3,516$1,581
34 years$16,848$11,481$7,631$4,969$3,183$1,389
35 years$16,187$10,890$7,135$4,574$2,883$1,221
36 years$15,565$10,336$6,674$4,213$2,612$1,073
37 years$14,977$9,817$6,247$3,881$2,368$944
38 years$14,422$9,330$5,850$3,577$2,147$830
39 years$13,896$8,872$5,481$3,299$1,947$730
40 years$13,398$8,441$5,137$3,042$1,766$642
41 years$12,926$8,035$4,817$2,807$1,602$565
42 years$12,477$7,652$4,519$2,591$1,454$497
43 years$12,050$7,291$4,240$2,391$1,319$437
44 years$11,644$6,950$3,980$2,208$1,197$384
45 years$11,257$6,627$3,737$2,039$1,087$338
46 years$10,888$6,322$3,510$1,884$987$298
47 years$10,535$6,033$3,298$1,740$896$262
48 years$10,198$5,759$3,099$1,608$814$231
49 years$9,876$5,500$2,913$1,486$739$203
50 years$9,568$5,254$2,738$1,374$671$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,800,000, adding $3,204 every year, while hoping to spend $35,081 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: 52/27/21 Blend
60$9,800,000$9,800,000$9,800,000$9,800,000
61$10,802,905$10,283,505$10,131,605$11,301,764
62$11,867,475$10,750,071$10,433,688$12,112,492
63$13,039,456$11,238,323$10,744,715$12,989,962
64$14,329,766$11,749,286$11,064,948$13,943,672
65$15,750,437$12,284,035$11,394,658$14,980,880
66$17,314,725$12,843,697$11,734,124$16,109,564
67$19,037,241$13,429,451$12,083,630$17,338,490
68$20,934,079$14,042,535$12,443,471$18,677,296
69$23,022,979$14,684,243$12,813,951$20,136,581
70$25,323,486$15,355,933$13,195,382$21,727,998
71$27,857,137$16,059,030$13,588,083$23,464,360
72$30,647,667$16,795,025$13,992,386$25,359,763
73$33,721,228$17,565,479$14,408,629$27,429,708
74$37,106,638$18,372,032$14,837,163$29,691,252
75$40,835,653$19,216,401$15,278,347$32,163,155
76$44,943,269$20,100,383$15,732,550$34,866,061
77$49,468,047$21,025,866$16,200,155$37,822,683
78$54,452,479$21,994,826$16,681,552$41,058,018
79$59,943,393$23,009,333$17,177,145$44,599,573
80$65,992,388$24,071,559$17,687,348$48,477,621
81$72,656,325$25,183,779$18,212,587$52,725,484
82$79,997,865$26,348,378$18,753,303$57,379,839
83$88,086,055$27,567,857$19,309,947$62,481,059
84$96,996,985$28,844,835$19,882,983$68,073,592
85$106,814,504$30,182,058$20,472,890$74,206,366
86$117,631,011$31,582,407$21,080,159$80,933,252
87$129,548,326$33,048,897$21,705,296$88,313,562
88$142,678,655$34,584,692$22,348,823$96,412,604
89$157,145,644$36,193,107$23,011,274$105,302,287
90$173,085,549$37,877,619$23,693,202$115,061,795
91$190,648,522$39,641,870$24,395,171$125,778,328
92$210,000,028$41,489,679$25,117,767$137,547,910
93$231,322,407$43,425,049$25,861,588$150,476,295
94$254,816,594$45,452,177$26,627,252$164,679,948
95$280,704,015$47,575,463$27,415,394$180,287,141
96$309,228,681$49,799,517$28,226,666$197,439,150
97$340,659,489$52,129,176$29,061,741$216,291,576
98$375,292,757$54,569,506$29,921,310$237,015,811
99$413,455,028$57,125,821$30,806,084$259,800,634
100$455,506,146$59,803,692$31,716,793$284,853,987