Can I retire at age 61 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$817,533$810,251$803,146$796,211$789,440$777,322
2 years$404,719$397,182$389,877$382,794$375,924$363,744
3 years$267,133$259,563$252,276$245,260$238,501$226,640
4 years$198,353$190,806$183,592$176,696$170,101$158,649
5 years$157,096$149,594$142,475$135,719$129,308$118,298
6 years$129,600$122,155$115,141$108,536$102,317$91,761
7 years$109,968$102,586$95,683$89,233$83,211$73,114
8 years$95,251$87,935$81,147$74,856$69,032$59,391
9 years$83,810$76,563$69,892$63,760$58,135$48,946
10 years$74,662$67,487$60,933$54,962$49,534$40,789
11 years$67,183$60,079$53,644$47,833$42,601$34,292
12 years$60,955$53,924$47,608$41,956$36,917$29,033
13 years$55,689$48,731$42,535$37,041$32,192$24,723
14 years$51,179$44,296$38,218$32,881$28,219$21,152
15 years$47,274$40,465$34,505$29,324$24,847$18,169
16 years$43,861$37,126$31,284$26,257$21,960$15,658
17 years$40,852$34,191$28,467$23,591$19,471$13,531
18 years$38,180$31,594$25,987$21,261$17,313$11,721
19 years$35,793$29,281$23,790$19,211$15,431$10,174
20 years$33,647$27,210$21,833$17,399$13,783$8,846
21 years$31,708$25,345$20,082$15,791$12,335$7,703
22 years$29,947$23,658$18,509$14,357$11,056$6,717
23 years$28,342$22,127$17,090$13,076$9,925$5,863
24 years$26,873$20,732$15,805$11,926$8,920$5,122
25 years$25,524$19,456$14,639$10,891$8,027$4,479
26 years$24,280$18,285$13,577$9,958$7,231$3,920
27 years$23,131$17,209$12,607$9,115$6,519$3,432
28 years$22,065$16,216$11,720$8,351$5,882$3,007
29 years$21,075$15,297$10,906$7,658$5,311$2,636
30 years$20,152$14,447$10,159$7,029$4,799$2,311
31 years$19,291$13,657$9,471$6,455$4,339$2,027
32 years$18,485$12,922$8,836$5,932$3,925$1,779
33 years$17,729$12,238$8,251$5,455$3,552$1,562
34 years$17,020$11,599$7,709$5,019$3,216$1,371
35 years$16,352$11,001$7,207$4,621$2,913$1,204
36 years$15,723$10,442$6,742$4,255$2,639$1,057
37 years$15,130$9,917$6,311$3,921$2,392$929
38 years$14,569$9,425$5,910$3,614$2,169$816
39 years$14,038$8,962$5,537$3,332$1,966$717
40 years$13,535$8,527$5,190$3,074$1,784$630
41 years$13,058$8,117$4,866$2,836$1,618$554
42 years$12,604$7,730$4,565$2,617$1,468$487
43 years$12,173$7,365$4,283$2,416$1,333$428
44 years$11,763$7,020$4,021$2,231$1,210$376
45 years$11,372$6,695$3,775$2,060$1,098$331
46 years$10,999$6,386$3,546$1,903$997$291
47 years$10,643$6,095$3,331$1,758$905$256
48 years$10,302$5,818$3,130$1,624$822$225
49 years$9,977$5,556$2,942$1,501$747$198
50 years$9,666$5,307$2,766$1,388$678$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,900,000, adding $5,224 every year, while hoping to spend $23,891 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: 62/32/6 Blend
60$9,900,000$9,900,000$9,900,000$9,900,000
61$10,915,189$10,390,489$10,237,039$11,579,935
62$12,003,118$10,874,203$10,554,560$12,507,808
63$13,201,215$11,380,818$10,881,917$13,516,821
64$14,520,693$11,911,432$11,219,414$14,617,452
65$15,973,905$12,467,193$11,567,366$15,818,549
66$17,574,466$13,049,308$11,926,096$17,129,836
67$19,337,378$13,659,041$12,295,936$18,562,010
68$21,279,172$14,297,715$12,677,231$20,126,831
69$23,418,064$14,966,720$13,070,335$21,837,234
70$25,774,128$15,667,511$13,475,613$23,707,445
71$28,369,485$16,401,615$13,893,442$25,753,113
72$31,228,509$17,170,631$14,324,209$27,991,454
73$34,378,063$17,976,237$14,768,316$30,441,408
74$37,847,744$18,820,191$15,226,173$33,123,814
75$41,670,171$19,704,338$15,698,207$36,061,604
76$45,881,287$20,630,609$16,184,856$39,280,012
77$50,520,701$21,601,032$16,686,571$42,806,808
78$55,632,060$22,617,730$17,203,819$46,672,556
79$61,263,463$23,682,931$17,737,079$50,910,897
80$67,467,912$24,798,971$18,286,847$55,558,858
81$74,303,816$25,968,297$18,853,633$60,657,199
82$81,835,538$27,193,477$19,437,963$66,250,793
83$90,134,007$28,477,201$20,040,379$72,389,036
84$99,277,384$29,822,292$20,661,440$79,126,313
85$109,351,801$31,231,709$21,301,723$86,522,503
86$120,452,175$32,708,553$21,961,820$94,643,534
87$132,683,102$34,256,076$22,642,346$103,562,001
88$146,159,844$35,877,690$23,343,930$113,357,839
89$161,009,420$37,576,969$24,067,224$124,119,075
90$177,371,804$39,357,663$24,812,899$135,942,642
91$195,401,242$41,223,703$25,581,645$148,935,292
92$215,267,715$43,179,210$26,374,176$163,214,590
93$237,158,537$45,228,507$27,191,227$178,910,013
94$261,280,130$47,376,125$28,033,555$196,164,164
95$287,859,964$49,626,817$28,901,940$215,134,106
96$317,148,714$51,985,564$29,797,188$235,992,830
97$349,422,617$54,457,591$30,720,128$258,930,879
98$384,986,087$57,048,377$31,671,616$284,158,133
99$424,174,586$59,763,665$32,652,533$311,905,776
100$467,357,790$62,609,480$33,663,789$342,428,463