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%11.6%
1 years$817,533$810,251$803,146$796,211$789,440$784,136
2 years$404,719$397,182$389,877$382,794$375,924$370,575
3 years$267,133$259,563$252,276$245,260$238,501$233,273
4 years$198,353$190,806$183,592$176,696$170,101$165,033
5 years$157,096$149,594$142,475$135,719$129,308$124,416
6 years$129,600$122,155$115,141$108,536$102,317$97,607
7 years$109,968$102,586$95,683$89,233$83,211$78,685
8 years$95,251$87,935$81,147$74,856$69,032$64,689
9 years$83,810$76,563$69,892$63,760$58,135$53,975
10 years$74,662$67,487$60,933$54,962$49,534$45,555
11 years$67,183$60,079$53,644$47,833$42,601$38,800
12 years$60,955$53,924$47,608$41,956$36,917$33,291
13 years$55,689$48,731$42,535$37,041$32,192$28,738
14 years$51,179$44,296$38,218$32,881$28,219$24,932
15 years$47,274$40,465$34,505$29,324$24,847$21,721
16 years$43,861$37,126$31,284$26,257$21,960$18,992
17 years$40,852$34,191$28,467$23,591$19,471$16,657
18 years$38,180$31,594$25,987$21,261$17,313$14,647
19 years$35,793$29,281$23,790$19,211$15,431$12,908
20 years$33,647$27,210$21,833$17,399$13,783$11,398
21 years$31,708$25,345$20,082$15,791$12,335$10,082
22 years$29,947$23,658$18,509$14,357$11,056$8,931
23 years$28,342$22,127$17,090$13,076$9,925$7,922
24 years$26,873$20,732$15,805$11,926$8,920$7,035
25 years$25,524$19,456$14,639$10,891$8,027$6,253
26 years$24,280$18,285$13,577$9,958$7,231$5,564
27 years$23,131$17,209$12,607$9,115$6,519$4,954
28 years$22,065$16,216$11,720$8,351$5,882$4,414
29 years$21,075$15,297$10,906$7,658$5,311$3,935
30 years$20,152$14,447$10,159$7,029$4,799$3,511
31 years$19,291$13,657$9,471$6,455$4,339$3,133
32 years$18,485$12,922$8,836$5,932$3,925$2,797
33 years$17,729$12,238$8,251$5,455$3,552$2,499
34 years$17,020$11,599$7,709$5,019$3,216$2,233
35 years$16,352$11,001$7,207$4,621$2,913$1,995
36 years$15,723$10,442$6,742$4,255$2,639$1,784
37 years$15,130$9,917$6,311$3,921$2,392$1,595
38 years$14,569$9,425$5,910$3,614$2,169$1,427
39 years$14,038$8,962$5,537$3,332$1,966$1,276
40 years$13,535$8,527$5,190$3,074$1,784$1,142
41 years$13,058$8,117$4,866$2,836$1,618$1,022
42 years$12,604$7,730$4,565$2,617$1,468$915
43 years$12,173$7,365$4,283$2,416$1,333$819
44 years$11,763$7,020$4,021$2,231$1,210$733
45 years$11,372$6,695$3,775$2,060$1,098$656
46 years$10,999$6,386$3,546$1,903$997$588
47 years$10,643$6,095$3,331$1,758$905$526
48 years$10,302$5,818$3,130$1,624$822$471
49 years$9,977$5,556$2,942$1,501$747$422
50 years$9,666$5,307$2,766$1,388$678$378

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 $5,560 every year, while hoping to spend $25,419 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: 82/5/13 Blend
60$9,900,000$9,900,000$9,900,000$9,900,000
61$10,915,535$10,390,835$10,237,385$11,783,639
62$12,001,874$10,872,940$10,553,292$12,835,993
63$13,198,168$11,377,817$10,878,930$13,987,321
64$14,515,604$11,906,554$11,214,597$15,250,719
65$15,966,513$12,460,292$11,560,604$16,637,432
66$17,564,480$13,040,229$11,917,266$18,159,840
67$19,324,475$13,647,617$12,284,912$19,831,582
68$21,262,994$14,283,774$12,663,880$21,667,678
69$23,398,216$14,950,075$13,054,516$23,684,674
70$25,750,172$15,647,967$13,457,181$25,900,796
71$28,340,936$16,378,964$13,872,243$28,336,119
72$31,194,832$17,144,653$14,300,083$31,012,758
73$34,338,663$17,946,700$14,741,094$33,955,074
74$37,801,967$18,786,848$15,195,681$37,189,904
75$41,617,292$19,666,928$15,664,261$40,746,812
76$45,820,504$20,588,856$16,147,262$44,658,368
77$50,451,130$21,554,644$16,645,130$48,960,452
78$55,552,722$22,566,399$17,158,319$53,692,593
79$61,173,278$23,626,331$17,687,300$58,898,344
80$67,365,687$24,736,756$18,232,560$64,625,683
81$74,188,233$25,900,102$18,794,596$70,927,473
82$81,705,143$27,118,917$19,373,925$77,861,955
83$89,987,193$28,395,870$19,971,077$85,493,297
84$99,112,379$29,733,760$20,586,600$93,892,198
85$109,166,648$31,135,520$21,221,058$103,136,555
86$120,244,713$32,604,228$21,875,031$113,312,194
87$132,450,949$34,143,110$22,549,119$124,513,680
88$145,900,370$35,755,547$23,243,939$136,845,207
89$160,719,724$37,445,085$23,960,127$150,421,580
90$177,048,684$39,215,442$24,698,340$165,369,298
91$195,041,168$41,070,517$25,459,252$181,827,740
92$214,866,791$43,014,396$26,243,561$199,950,488
93$236,712,467$45,051,365$27,051,983$219,906,765
94$260,784,174$47,185,917$27,885,260$241,883,036
95$287,308,896$49,422,764$28,744,154$266,084,763
96$316,536,770$51,766,846$29,629,449$292,738,344
97$348,743,441$54,223,342$30,541,956$322,093,245
98$384,232,671$56,797,684$31,482,510$354,424,352
99$423,339,199$59,495,567$32,451,970$390,034,567
100$466,431,910$62,322,962$33,451,224$429,257,659