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%11.7%
1 years$817,533$810,251$803,146$796,211$789,440$783,808
2 years$404,719$397,182$389,877$382,794$375,924$370,245
3 years$267,133$259,563$252,276$245,260$238,501$232,951
4 years$198,353$190,806$183,592$176,696$170,101$164,722
5 years$157,096$149,594$142,475$135,719$129,308$124,117
6 years$129,600$122,155$115,141$108,536$102,317$97,320
7 years$109,968$102,586$95,683$89,233$83,211$78,410
8 years$95,251$87,935$81,147$74,856$69,032$64,427
9 years$83,810$76,563$69,892$63,760$58,135$53,725
10 years$74,662$67,487$60,933$54,962$49,534$45,317
11 years$67,183$60,079$53,644$47,833$42,601$38,574
12 years$60,955$53,924$47,608$41,956$36,917$33,076
13 years$55,689$48,731$42,535$37,041$32,192$28,533
14 years$51,179$44,296$38,218$32,881$28,219$24,738
15 years$47,274$40,465$34,505$29,324$24,847$21,539
16 years$43,861$37,126$31,284$26,257$21,960$18,820
17 years$40,852$34,191$28,467$23,591$19,471$16,494
18 years$38,180$31,594$25,987$21,261$17,313$14,493
19 years$35,793$29,281$23,790$19,211$15,431$12,764
20 years$33,647$27,210$21,833$17,399$13,783$11,263
21 years$31,708$25,345$20,082$15,791$12,335$9,955
22 years$29,947$23,658$18,509$14,357$11,056$8,812
23 years$28,342$22,127$17,090$13,076$9,925$7,810
24 years$26,873$20,732$15,805$11,926$8,920$6,930
25 years$25,524$19,456$14,639$10,891$8,027$6,156
26 years$24,280$18,285$13,577$9,958$7,231$5,472
27 years$23,131$17,209$12,607$9,115$6,519$4,869
28 years$22,065$16,216$11,720$8,351$5,882$4,335
29 years$21,075$15,297$10,906$7,658$5,311$3,862
30 years$20,152$14,447$10,159$7,029$4,799$3,442
31 years$19,291$13,657$9,471$6,455$4,339$3,069
32 years$18,485$12,922$8,836$5,932$3,925$2,738
33 years$17,729$12,238$8,251$5,455$3,552$2,444
34 years$17,020$11,599$7,709$5,019$3,216$2,182
35 years$16,352$11,001$7,207$4,621$2,913$1,948
36 years$15,723$10,442$6,742$4,255$2,639$1,740
37 years$15,130$9,917$6,311$3,921$2,392$1,555
38 years$14,569$9,425$5,910$3,614$2,169$1,390
39 years$14,038$8,962$5,537$3,332$1,966$1,242
40 years$13,535$8,527$5,190$3,074$1,784$1,110
41 years$13,058$8,117$4,866$2,836$1,618$993
42 years$12,604$7,730$4,565$2,617$1,468$888
43 years$12,173$7,365$4,283$2,416$1,333$794
44 years$11,763$7,020$4,021$2,231$1,210$710
45 years$11,372$6,695$3,775$2,060$1,098$635
46 years$10,999$6,386$3,546$1,903$997$568
47 years$10,643$6,095$3,331$1,758$905$509
48 years$10,302$5,818$3,130$1,624$822$455
49 years$9,977$5,556$2,942$1,501$747$407
50 years$9,666$5,307$2,766$1,388$678$364

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 $5,287 every year, while hoping to spend $33,949 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: 43/31/26 Blend
60$9,900,000$9,900,000$9,900,000$9,900,000
61$10,915,254$10,390,554$10,237,104$11,301,649
62$11,992,488$10,863,569$10,543,925$12,051,190
63$13,178,462$11,358,625$10,859,887$12,859,142
64$14,484,233$11,876,764$11,185,260$13,733,899
65$15,921,981$12,419,082$11,520,323$14,681,663
66$17,505,130$12,986,725$11,865,362$15,709,246
67$19,248,473$13,580,894$12,220,671$16,824,127
68$21,168,308$14,202,849$12,586,554$18,034,520
69$23,282,596$14,853,908$12,963,324$19,349,449
70$25,611,127$15,535,457$13,351,302$20,778,829
71$28,175,711$16,248,942$13,750,819$22,333,554
72$31,000,377$16,995,885$14,162,215$24,025,597
73$34,111,608$17,777,876$14,585,842$25,868,118
74$37,538,585$18,596,584$15,022,060$27,875,586
75$41,313,462$19,453,757$15,471,240$30,063,904
76$45,471,673$20,351,230$15,933,765$32,450,564
77$50,052,266$21,290,922$16,410,028$35,054,798
78$55,098,267$22,274,848$16,900,434$37,897,758
79$60,657,092$23,305,116$17,405,400$41,002,712
80$66,780,988$24,383,941$17,925,355$44,395,252
81$73,527,534$25,513,639$18,460,739$48,103,535
82$80,960,177$26,696,641$19,012,008$52,158,538
83$89,148,833$27,935,495$19,579,628$56,594,346
84$98,170,550$29,232,870$20,164,082$61,448,466
85$108,110,230$30,591,565$20,765,863$66,762,175
86$119,061,436$32,014,514$21,385,482$72,580,897
87$131,127,270$33,504,793$22,023,463$78,954,631
88$144,421,349$35,065,625$22,680,346$85,938,409
89$159,068,875$36,700,389$23,356,686$93,592,806
90$175,207,820$38,412,627$24,053,055$101,984,509
91$192,990,225$40,206,054$24,770,040$111,186,929
92$212,583,640$42,084,562$25,508,248$121,280,889
93$234,172,697$44,052,232$26,268,300$132,355,376
94$257,960,862$46,113,341$27,050,838$144,508,366
95$284,172,351$48,272,376$27,856,522$157,847,741
96$313,054,245$50,534,036$28,686,030$172,492,296
97$344,878,826$52,903,252$29,540,060$188,572,845
98$379,946,145$55,385,190$30,419,331$206,233,444
99$418,586,856$57,985,269$31,324,582$225,632,736
100$461,165,335$60,709,166$32,256,575$246,945,437