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%14.5%
1 years$809,275$802,066$795,033$788,169$781,466$766,943
2 years$400,631$393,170$385,938$378,927$372,127$357,549
3 years$264,434$256,941$249,728$242,782$236,092$221,915
4 years$196,349$188,879$181,738$174,911$168,383$154,714
5 years$155,509$148,083$141,036$134,348$128,002$114,882
6 years$128,291$120,921$113,978$107,440$101,284$88,726
7 years$108,857$101,549$94,716$88,332$82,371$70,379
8 years$94,288$87,047$80,327$74,099$68,335$56,906
9 years$82,963$75,790$69,186$63,116$57,548$46,675
10 years$73,908$66,805$60,318$54,407$49,033$38,707
11 years$66,505$59,472$53,103$47,350$42,170$32,378
12 years$60,339$53,379$47,127$41,533$36,544$27,272
13 years$55,126$48,239$42,105$36,667$31,867$23,101
14 years$50,662$43,848$37,832$32,549$27,934$19,658
15 years$46,797$40,056$34,157$29,028$24,596$16,793
16 years$43,418$36,751$30,968$25,991$21,738$14,391
17 years$40,439$33,846$28,180$23,353$19,274$12,366
18 years$37,795$31,275$25,725$21,046$17,138$10,650
19 years$35,431$28,986$23,550$19,017$15,275$9,190
20 years$33,307$26,935$21,613$17,223$13,644$7,943
21 years$31,388$25,089$19,879$15,631$12,210$6,875
22 years$29,645$23,419$18,322$14,212$10,944$5,958
23 years$28,056$21,904$16,917$12,943$9,824$5,168
24 years$26,602$20,522$15,645$11,805$8,830$4,487
25 years$25,266$19,259$14,491$10,781$7,946$3,899
26 years$24,035$18,101$13,440$9,858$7,157$3,390
27 years$22,897$17,035$12,480$9,023$6,453$2,950
28 years$21,842$16,052$11,602$8,267$5,823$2,567
29 years$20,862$15,143$10,796$7,581$5,258$2,236
30 years$19,949$14,301$10,056$6,958$4,751$1,948
31 years$19,096$13,519$9,375$6,390$4,295$1,697
32 years$18,298$12,792$8,747$5,872$3,885$1,479
33 years$17,550$12,114$8,167$5,400$3,516$1,290
34 years$16,848$11,481$7,631$4,969$3,183$1,125
35 years$16,187$10,890$7,135$4,574$2,883$981
36 years$15,565$10,336$6,674$4,213$2,612$856
37 years$14,977$9,817$6,247$3,881$2,368$747
38 years$14,422$9,330$5,850$3,577$2,147$652
39 years$13,896$8,872$5,481$3,299$1,947$569
40 years$13,398$8,441$5,137$3,042$1,766$496
41 years$12,926$8,035$4,817$2,807$1,602$433
42 years$12,477$7,652$4,519$2,591$1,454$378
43 years$12,050$7,291$4,240$2,391$1,319$330
44 years$11,644$6,950$3,980$2,208$1,197$288
45 years$11,257$6,627$3,737$2,039$1,087$252
46 years$10,888$6,322$3,510$1,884$987$220
47 years$10,535$6,033$3,298$1,740$896$192
48 years$10,198$5,759$3,099$1,608$814$168
49 years$9,876$5,500$2,913$1,486$739$146
50 years$9,568$5,254$2,738$1,374$671$128

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 $2,780 every year, while hoping to spend $54,859 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: 63/27/10 Blend
60$9,800,000$9,800,000$9,800,000$9,800,000
61$10,802,468$10,283,068$10,131,168$11,459,019
62$11,845,950$10,728,568$10,412,192$12,343,640
63$12,994,028$11,194,060$10,700,792$13,302,522
64$14,257,315$11,680,464$10,997,164$14,348,119
65$15,647,500$12,188,746$11,301,508$15,488,841
66$17,177,466$12,719,915$11,614,030$16,733,941
67$18,861,407$13,275,031$11,934,939$18,093,593
68$20,714,963$13,855,200$12,264,452$19,578,993
69$22,755,367$14,461,582$12,602,789$21,202,456
70$25,001,607$15,095,393$12,950,176$22,977,532
71$27,474,608$15,757,905$13,306,844$24,919,133
72$30,197,424$16,450,448$13,673,029$27,043,666
73$33,195,461$17,174,419$14,048,975$29,369,190
74$36,496,711$17,931,279$14,434,928$31,915,578
75$40,132,021$18,722,557$14,831,144$34,704,707
76$44,135,380$19,549,856$15,237,881$37,760,654
77$48,544,244$20,414,854$15,655,405$41,109,926
78$53,399,885$21,319,309$16,083,989$44,781,702
79$58,747,780$22,265,063$16,523,910$48,808,108
80$64,638,046$23,254,043$16,975,453$53,224,512
81$71,125,906$24,288,270$17,438,910$58,069,856
82$78,272,214$25,369,860$17,914,578$63,387,018
83$86,144,025$26,501,029$18,402,762$69,223,213
84$94,815,235$27,684,099$18,903,774$75,630,433
85$104,367,271$28,921,502$19,417,932$82,665,931
86$114,889,862$30,215,785$19,945,562$90,392,759
87$126,481,887$31,569,617$20,486,998$98,880,354
88$139,252,306$32,985,795$21,042,579$108,205,191
89$153,321,189$34,467,247$21,612,654$118,451,497
90$168,820,851$36,017,043$22,197,578$129,712,036
91$185,897,097$37,638,397$22,797,716$142,088,985
92$204,710,601$39,334,678$23,413,439$155,694,886
93$225,438,419$41,109,415$24,045,127$170,653,702
94$248,275,667$42,966,305$24,693,167$187,101,980
95$273,437,353$44,909,222$25,357,957$205,190,131
96$301,160,415$46,942,226$26,039,900$225,083,844
97$331,705,951$49,069,569$26,739,410$246,965,637
98$365,361,688$51,295,707$27,456,910$271,036,571
99$402,444,694$53,625,311$28,192,831$297,518,145
100$443,304,375$56,063,273$28,947,613$326,654,365