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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$809,275$802,066$795,033$788,169$781,466$755,846
2 years$400,631$393,170$385,938$378,927$372,127$346,559
3 years$264,434$256,941$249,728$242,782$236,092$211,380
4 years$196,349$188,879$181,738$174,911$168,383$144,716
5 years$155,509$148,083$141,036$134,348$128,002$105,442
6 years$128,291$120,921$113,978$107,440$101,284$79,850
7 years$108,857$101,549$94,716$88,332$82,371$62,061
8 years$94,288$87,047$80,327$74,099$68,335$49,133
9 years$82,963$75,790$69,186$63,116$57,548$39,433
10 years$73,908$66,805$60,318$54,407$49,033$31,977
11 years$66,505$59,472$53,103$47,350$42,170$26,140
12 years$60,339$53,379$47,127$41,533$36,544$21,504
13 years$55,126$48,239$42,105$36,667$31,867$17,780
14 years$50,662$43,848$37,832$32,549$27,934$14,761
15 years$46,797$40,056$34,157$29,028$24,596$12,295
16 years$43,418$36,751$30,968$25,991$21,738$10,269
17 years$40,439$33,846$28,180$23,353$19,274$8,597
18 years$37,795$31,275$25,725$21,046$17,138$7,210
19 years$35,431$28,986$23,550$19,017$15,275$6,056
20 years$33,307$26,935$21,613$17,223$13,644$5,093
21 years$31,388$25,089$19,879$15,631$12,210$4,288
22 years$29,645$23,419$18,322$14,212$10,944$3,614
23 years$28,056$21,904$16,917$12,943$9,824$3,047
24 years$26,602$20,522$15,645$11,805$8,830$2,572
25 years$25,266$19,259$14,491$10,781$7,946$2,171
26 years$24,035$18,101$13,440$9,858$7,157$1,834
27 years$22,897$17,035$12,480$9,023$6,453$1,550
28 years$21,842$16,052$11,602$8,267$5,823$1,310
29 years$20,862$15,143$10,796$7,581$5,258$1,108
30 years$19,949$14,301$10,056$6,958$4,751$937
31 years$19,096$13,519$9,375$6,390$4,295$792
32 years$18,298$12,792$8,747$5,872$3,885$670
33 years$17,550$12,114$8,167$5,400$3,516$567
34 years$16,848$11,481$7,631$4,969$3,183$480
35 years$16,187$10,890$7,135$4,574$2,883$406
36 years$15,565$10,336$6,674$4,213$2,612$344
37 years$14,977$9,817$6,247$3,881$2,368$291
38 years$14,422$9,330$5,850$3,577$2,147$246
39 years$13,896$8,872$5,481$3,299$1,947$208
40 years$13,398$8,441$5,137$3,042$1,766$176
41 years$12,926$8,035$4,817$2,807$1,602$149
42 years$12,477$7,652$4,519$2,591$1,454$126
43 years$12,050$7,291$4,240$2,391$1,319$107
44 years$11,644$6,950$3,980$2,208$1,197$91
45 years$11,257$6,627$3,737$2,039$1,087$77
46 years$10,888$6,322$3,510$1,884$987$65
47 years$10,535$6,033$3,298$1,740$896$55
48 years$10,198$5,759$3,099$1,608$814$47
49 years$9,876$5,500$2,913$1,486$739$39
50 years$9,568$5,254$2,738$1,374$671$33

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 $6,478 every year, while hoping to spend $44,810 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: 68/13/19 Blend
60$9,800,000$9,800,000$9,800,000$9,800,000
61$10,806,282$10,286,882$10,134,982$11,490,225
62$11,860,845$10,743,262$10,426,826$12,404,480
63$13,021,472$11,220,502$10,726,946$13,398,344
64$14,298,934$11,719,578$11,035,570$14,484,412
65$15,705,099$12,241,511$11,352,935$15,671,763
66$17,253,044$12,787,371$11,679,284$16,970,388
67$18,957,180$13,358,277$12,014,865$18,391,290
68$20,833,383$13,955,404$12,359,934$19,946,576
69$22,899,151$14,579,981$12,714,754$21,649,575
70$25,173,760$15,233,296$13,079,595$23,514,965
71$27,678,456$15,916,699$13,454,733$25,558,901
72$30,436,644$16,631,604$13,840,453$27,799,173
73$33,474,120$17,379,491$14,237,046$30,255,371
74$36,819,306$18,161,911$14,644,813$32,949,063
75$40,503,522$18,980,492$15,064,061$35,904,001
76$44,561,281$19,836,935$15,495,106$39,146,343
77$49,030,612$20,733,026$15,938,273$42,704,894
78$53,953,424$21,670,633$16,393,894$46,611,378
79$59,375,896$22,651,717$16,862,312$50,900,735
80$65,348,915$23,678,329$17,343,878$55,611,448
81$71,928,558$24,752,621$17,838,951$60,785,900
82$79,176,617$25,876,845$18,347,902$66,470,779
83$87,161,185$27,053,364$18,871,110$72,717,506
84$95,957,299$28,284,652$19,408,965$79,582,725
85$105,647,645$29,573,301$19,961,867$87,128,830
86$116,323,341$30,922,030$20,530,226$95,424,553
87$128,084,797$32,333,684$21,114,464$104,545,609
88$141,042,661$33,811,249$21,715,013$114,575,403
89$155,318,863$35,357,851$22,332,316$125,605,821
90$171,047,767$36,976,766$22,966,830$137,738,086
91$188,377,441$38,671,429$23,619,020$151,083,713
92$207,471,050$40,445,439$24,289,368$165,765,557
93$228,508,400$42,302,568$24,978,363$181,918,969
94$251,687,630$44,246,768$25,686,512$199,693,066
95$277,227,091$46,282,182$26,414,333$219,252,137
96$305,367,397$48,413,151$27,162,356$240,777,185
97$336,373,703$50,644,228$27,931,127$264,467,637
98$370,538,206$52,980,180$28,721,205$290,543,211
99$408,182,902$55,426,007$29,533,163$319,245,994
100$449,662,624$57,986,948$30,367,591$350,842,716