Can I retire at age 61 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$842,306$834,804$827,484$820,339$813,362$791,133
2 years$416,983$409,217$401,691$394,394$387,315$365,082
3 years$275,228$267,428$259,921$252,692$245,729$224,188
4 years$204,364$196,588$189,156$182,050$175,256$154,572
5 years$161,856$154,127$146,793$139,832$133,227$113,457
6 years$133,527$125,857$118,630$111,825$105,418$86,582
7 years$113,300$105,694$98,582$91,937$85,733$67,830
8 years$98,137$90,599$83,606$77,124$71,124$54,146
9 years$86,349$78,883$72,009$65,692$59,896$43,827
10 years$76,925$69,532$62,779$56,628$51,035$35,853
11 years$69,219$61,900$55,270$49,283$43,892$29,574
12 years$62,802$55,558$49,051$43,228$38,036$24,555
13 years$57,377$50,208$43,824$38,164$33,168$20,496
14 years$52,730$45,638$39,376$33,877$29,075$17,182
15 years$48,707$41,691$35,551$30,213$25,600$14,454
16 years$45,190$38,251$32,232$27,052$22,625$12,195
17 years$42,090$35,227$29,330$24,306$20,061$10,313
18 years$39,337$32,552$26,775$21,905$17,837$8,740
19 years$36,878$30,169$24,511$19,793$15,899$7,419
20 years$34,667$28,034$22,495$17,926$14,201$6,307
21 years$32,669$26,113$20,691$16,269$12,708$5,368
22 years$30,855$24,375$19,070$14,792$11,391$4,573
23 years$29,201$22,798$17,608$13,472$10,225$3,899
24 years$27,688$21,360$16,284$12,287$9,191$3,327
25 years$26,297$20,045$15,082$11,221$8,270$2,841
26 years$25,016$18,839$13,988$10,260$7,450$2,427
27 years$23,831$17,730$12,989$9,391$6,716$2,074
28 years$22,734$16,707$12,075$8,604$6,060$1,773
29 years$21,713$15,761$11,237$7,890$5,472$1,517
30 years$20,763$14,885$10,467$7,241$4,945$1,297
31 years$19,875$14,071$9,758$6,651$4,470$1,110
32 years$19,045$13,314$9,104$6,112$4,044$950
33 years$18,267$12,609$8,501$5,621$3,660$813
34 years$17,536$11,950$7,943$5,172$3,313$696
35 years$16,848$11,334$7,426$4,761$3,001$596
36 years$16,200$10,758$6,947$4,384$2,719$511
37 years$15,588$10,218$6,502$4,040$2,464$437
38 years$15,010$9,710$6,089$3,723$2,234$375
39 years$14,463$9,234$5,704$3,433$2,026$321
40 years$13,945$8,785$5,347$3,167$1,838$275
41 years$13,453$8,363$5,014$2,922$1,667$235
42 years$12,986$7,964$4,703$2,696$1,513$202
43 years$12,542$7,588$4,413$2,489$1,373$173
44 years$12,119$7,233$4,142$2,298$1,246$148
45 years$11,716$6,898$3,890$2,122$1,131$127
46 years$11,332$6,580$3,653$1,961$1,027$109
47 years$10,965$6,279$3,432$1,811$933$93
48 years$10,615$5,994$3,225$1,674$847$80
49 years$10,279$5,724$3,032$1,547$769$68
50 years$9,959$5,468$2,850$1,430$699$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,200,000, adding $5,993 every year, while hoping to spend $47,005 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: 67/7/26 Blend
60$10,200,000$10,200,000$10,200,000$10,200,000
61$11,246,582$10,705,982$10,547,882$11,923,765
62$12,343,720$11,180,562$10,851,223$12,854,708
63$13,551,191$11,676,821$11,163,150$13,866,618
64$14,880,199$12,195,772$11,483,903$14,972,304
65$16,343,090$12,738,475$11,813,724$16,181,027
66$17,953,467$13,306,042$12,152,865$17,502,978
67$19,726,318$13,899,636$12,501,584$18,949,381
68$21,678,161$14,520,476$12,860,145$20,532,590
69$23,827,194$15,169,840$13,228,820$22,266,209
70$26,193,471$15,849,065$13,607,889$24,165,218
71$28,799,089$16,559,554$13,997,637$26,246,113
72$31,668,397$17,302,773$14,398,360$28,527,059
73$34,828,227$18,080,262$14,810,358$31,028,060
74$38,308,144$18,893,633$15,233,942$33,771,147
75$42,140,726$19,744,572$15,669,431$36,780,584
76$46,361,874$20,634,850$16,117,151$40,083,096
77$51,011,147$21,566,320$16,577,437$43,708,117
78$56,132,137$22,540,923$17,050,635$47,688,069
79$61,772,881$23,560,693$17,537,097$52,058,663
80$67,986,311$24,627,764$18,037,186$56,859,236
81$74,830,758$25,744,368$18,551,275$62,133,120
82$82,370,499$26,912,845$19,079,746$67,928,047
83$90,676,364$28,135,648$19,622,992$74,296,601
84$99,826,405$29,415,348$20,181,414$81,296,708
85$109,906,634$30,754,635$20,755,427$88,992,182
86$121,011,831$32,156,333$21,345,454$97,453,325
87$133,246,442$33,623,397$21,951,931$106,757,587
88$146,725,562$35,158,927$22,575,304$116,990,297
89$161,576,025$36,766,169$23,216,032$128,245,461
90$177,937,594$38,448,527$23,874,584$140,626,650
91$195,964,290$40,209,565$24,551,443$154,247,974
92$215,825,835$42,053,022$25,247,105$169,235,156
93$237,709,264$43,982,814$25,962,077$185,726,713
94$261,820,683$46,003,045$26,696,879$203,875,264
95$288,387,215$48,118,017$27,452,048$223,848,963
96$317,659,150$50,332,239$28,228,131$245,833,088
97$349,912,300$52,650,436$29,025,690$270,031,780
98$385,450,607$55,077,559$29,845,303$296,669,971
99$424,609,010$57,618,800$30,687,561$325,995,500
100$467,756,607$60,279,599$31,553,072$358,281,450