Can I retire at age 61 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$834,049$826,619$819,371$812,296$805,388$783,061
2 years$412,895$405,206$397,753$390,527$383,518$361,190
3 years$272,529$264,806$257,372$250,214$243,320$221,691
4 years$202,360$194,661$187,301$180,265$173,538$152,773
5 years$160,269$152,616$145,353$138,461$131,921$112,078
6 years$132,218$124,623$117,467$110,728$104,384$85,482
7 years$112,190$104,658$97,616$91,036$84,892$66,931
8 years$97,175$89,711$82,786$76,368$70,426$53,397
9 years$85,503$78,110$71,303$65,048$59,309$43,195
10 years$76,171$68,850$62,164$56,072$50,534$35,314
11 years$68,540$61,293$54,728$48,800$43,461$29,110
12 years$62,186$55,013$48,570$42,804$37,663$24,155
13 years$56,814$49,716$43,394$37,789$32,843$20,148
14 years$52,213$45,190$38,990$33,545$28,790$16,878
15 years$48,229$41,282$35,202$29,917$25,349$14,189
16 years$44,747$37,876$31,916$26,787$22,403$11,962
17 years$41,677$34,882$29,042$24,068$19,864$10,110
18 years$38,952$32,233$26,512$21,690$17,662$8,561
19 years$36,516$29,873$24,270$19,599$15,743$7,261
20 years$34,327$27,759$22,274$17,750$14,062$6,168
21 years$32,348$25,857$20,488$16,110$12,584$5,245
22 years$30,552$24,136$18,883$14,647$11,280$4,465
23 years$28,915$22,574$17,435$13,340$10,125$3,805
24 years$27,416$21,151$16,124$12,167$9,101$3,244
25 years$26,039$19,849$14,934$11,111$8,189$2,767
26 years$24,771$18,655$13,851$10,159$7,377$2,362
27 years$23,598$17,556$12,862$9,299$6,651$2,017
28 years$22,511$16,543$11,957$8,520$6,001$1,723
29 years$21,500$15,607$11,127$7,813$5,419$1,473
30 years$20,559$14,739$10,364$7,170$4,896$1,259
31 years$19,680$13,933$9,662$6,586$4,427$1,076
32 years$18,858$13,183$9,015$6,052$4,004$920
33 years$18,088$12,485$8,417$5,566$3,624$787
34 years$17,364$11,833$7,865$5,121$3,281$673
35 years$16,683$11,223$7,353$4,714$2,972$576
36 years$16,041$10,653$6,878$4,341$2,692$493
37 years$15,436$10,117$6,438$4,000$2,440$422
38 years$14,863$9,615$6,029$3,687$2,212$361
39 years$14,322$9,143$5,649$3,400$2,006$309
40 years$13,808$8,699$5,294$3,136$1,820$264
41 years$13,321$8,281$4,964$2,893$1,651$226
42 years$12,859$7,886$4,657$2,670$1,498$194
43 years$12,419$7,514$4,370$2,465$1,360$166
44 years$12,000$7,162$4,102$2,276$1,234$142
45 years$11,601$6,830$3,851$2,102$1,120$122
46 years$11,221$6,515$3,617$1,941$1,017$104
47 years$10,858$6,218$3,398$1,794$924$89
48 years$10,511$5,936$3,194$1,657$839$76
49 years$10,179$5,668$3,002$1,532$762$65
50 years$9,861$5,415$2,822$1,416$692$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,100,000, adding $6,149 every year, while hoping to spend $58,095 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: 45/41/14 Blend
60$10,100,000$10,100,000$10,100,000$10,100,000
61$11,136,543$10,601,243$10,444,693$11,592,894
62$12,210,657$11,058,891$10,732,777$12,368,878
63$13,392,385$11,537,017$11,028,566$13,203,469
64$14,692,640$12,036,563$11,332,254$14,107,198
65$16,123,449$12,558,514$11,644,045$15,086,482
66$17,698,064$13,103,905$11,964,144$16,148,366
67$19,431,086$13,673,815$12,292,761$17,300,588
68$21,338,602$14,269,377$12,630,114$18,551,643
69$23,438,339$14,891,776$12,976,423$19,910,863
70$25,749,830$15,542,254$13,331,914$21,388,503
71$28,294,598$16,222,110$13,696,818$22,995,827
72$31,096,358$16,932,705$14,071,373$24,745,215
73$34,181,243$17,675,463$14,455,820$26,650,276
74$37,578,047$18,451,878$14,850,407$28,725,966
75$41,318,501$19,263,513$15,255,388$30,988,729
76$45,437,566$20,112,003$15,671,022$33,456,645
77$49,973,771$20,999,064$16,097,574$36,149,595
78$54,969,567$21,926,491$16,535,315$39,089,444
79$60,471,737$22,896,163$16,984,522$42,300,238
80$66,531,830$23,910,050$17,445,479$45,808,429
81$73,206,649$24,970,215$17,918,475$49,643,117
82$80,558,790$26,078,818$18,403,807$53,836,313
83$88,657,228$27,238,122$18,901,776$58,423,241
84$97,577,973$28,450,497$19,412,693$63,442,657
85$107,404,781$29,718,427$19,936,873$68,937,211
86$118,229,950$31,044,511$20,474,640$74,953,839
87$130,155,188$32,431,475$21,026,323$81,544,196
88$143,292,572$33,882,172$21,592,260$88,765,139
89$157,765,609$35,399,593$22,172,795$96,679,251
90$173,710,396$36,986,868$22,768,279$105,355,421
91$191,276,912$38,647,280$23,379,072$114,869,487
92$210,630,426$40,384,266$24,005,540$125,304,937
93$231,953,062$42,201,428$24,648,058$136,753,690
94$255,445,514$44,102,537$25,307,008$149,316,948
95$281,328,943$46,091,548$25,982,779$163,106,143
96$309,847,064$48,172,603$26,675,771$178,243,972
97$341,268,444$50,350,039$27,386,388$194,865,542
98$375,889,039$52,628,405$28,115,046$213,119,635
99$414,034,988$55,012,465$28,862,168$233,170,092
100$456,065,690$57,507,209$29,628,183$255,197,350