Can I retire at age 61 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$850,564$842,988$835,596$828,381$821,336$808,395
2 years$421,071$413,229$405,629$398,260$391,113$378,108
3 years$277,926$270,050$262,469$255,169$248,138$235,475
4 years$206,367$198,515$191,010$183,835$176,974$164,750
5 years$163,443$155,638$148,232$141,203$134,533$122,783
6 years$134,836$127,090$119,793$112,921$106,451$95,189
7 years$114,411$106,730$99,549$92,839$86,573$75,802
8 years$99,099$91,488$84,425$77,880$71,821$61,540
9 years$87,196$79,656$72,715$66,337$60,484$50,686
10 years$77,679$70,213$63,395$57,183$51,535$42,214
11 years$69,898$62,507$55,812$49,766$44,322$35,467
12 years$63,418$56,103$49,532$43,652$38,408$30,009
13 years$57,939$50,700$44,253$38,538$33,493$25,537
14 years$53,247$46,085$39,762$34,210$29,360$21,834
15 years$49,184$42,100$35,900$30,509$25,851$18,742
16 years$45,633$38,626$32,548$27,317$22,847$16,140
17 years$42,503$35,573$29,618$24,544$20,258$13,938
18 years$39,723$32,871$27,037$22,120$18,012$12,065
19 years$37,239$30,464$24,751$19,987$16,055$10,465
20 years$35,006$28,309$22,715$18,102$14,340$9,093
21 years$32,989$26,369$20,894$16,429$12,833$7,912
22 years$31,157$24,614$19,257$14,937$11,503$6,893
23 years$29,487$23,021$17,780$13,604$10,326$6,012
24 years$27,959$21,569$16,444$12,407$9,281$5,249
25 years$26,555$20,242$15,230$11,331$8,351$4,586
26 years$25,261$19,024$14,125$10,361$7,523$4,010
27 years$24,065$17,904$13,116$9,483$6,782$3,508
28 years$22,956$16,871$12,193$8,689$6,120$3,071
29 years$21,926$15,916$11,347$7,968$5,526$2,690
30 years$20,966$15,031$10,569$7,312$4,993$2,357
31 years$20,070$14,209$9,854$6,716$4,514$2,066
32 years$19,232$13,444$9,194$6,172$4,083$1,811
33 years$18,446$12,732$8,584$5,676$3,696$1,588
34 years$17,708$12,067$8,020$5,222$3,346$1,393
35 years$17,013$11,446$7,499$4,807$3,030$1,223
36 years$16,359$10,863$7,015$4,427$2,746$1,073
37 years$15,741$10,318$6,566$4,079$2,489$942
38 years$15,158$9,806$6,148$3,760$2,256$827
39 years$14,605$9,324$5,760$3,467$2,046$726
40 years$14,082$8,871$5,399$3,198$1,856$637
41 years$13,585$8,445$5,063$2,950$1,684$560
42 years$13,113$8,042$4,749$2,723$1,528$491
43 years$12,665$7,663$4,456$2,513$1,386$432
44 years$12,238$7,304$4,183$2,321$1,258$379
45 years$11,831$6,965$3,928$2,143$1,142$333
46 years$11,443$6,644$3,689$1,980$1,037$292
47 years$11,073$6,341$3,466$1,829$942$257
48 years$10,719$6,053$3,257$1,690$855$226
49 years$10,380$5,780$3,061$1,562$777$198
50 years$10,056$5,522$2,878$1,444$706$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,300,000, adding $2,059 every year, while hoping to spend $22,118 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: 85/8/7 Blend
60$10,300,000$10,300,000$10,300,000$10,300,000
61$11,352,724$10,806,824$10,647,174$12,311,077
62$12,487,168$11,312,825$10,980,321$13,442,662
63$13,736,585$11,842,879$11,323,887$14,682,397
64$15,112,677$12,398,140$11,678,198$16,043,684
65$16,628,342$12,979,821$12,043,589$17,538,729
66$18,297,791$13,589,191$12,420,408$19,180,977
67$20,136,685$14,227,580$12,809,011$20,985,234
68$22,162,281$14,896,385$13,209,766$22,967,809
69$24,393,594$15,597,068$13,623,054$25,146,663
70$26,851,580$16,331,164$14,049,266$27,541,584
71$29,559,330$17,100,281$14,488,805$30,174,365
72$32,542,292$17,906,104$14,942,090$33,069,014
73$35,828,504$18,750,402$15,409,549$36,251,974
74$39,448,867$19,635,028$15,891,624$39,752,379
75$43,437,432$20,561,924$16,388,774$43,602,320
76$47,831,721$21,533,130$16,901,469$47,837,148
77$52,673,084$22,550,780$17,430,195$52,495,810
78$58,007,084$23,617,114$17,975,453$57,621,212
79$63,883,935$24,734,481$18,537,759$63,260,621
80$70,358,970$25,905,343$19,117,647$69,466,113
81$77,493,162$27,132,282$19,715,665$76,295,059
82$85,353,705$28,418,005$20,332,381$83,810,669
83$94,014,645$29,765,350$20,968,378$92,082,580
84$103,557,580$31,177,292$21,624,259$101,187,519
85$114,072,427$32,656,954$22,300,646$111,210,019
86$125,658,275$34,207,606$22,998,178$122,243,218
87$138,424,320$35,832,679$23,717,518$134,389,734
88$152,490,892$37,535,771$24,459,346$147,762,632
89$167,990,594$39,320,655$25,224,365$162,486,490
90$185,069,552$41,191,285$26,013,299$178,698,568
91$203,888,798$43,151,810$26,826,896$196,550,107
92$224,625,785$45,206,577$27,665,926$216,207,747
93$247,476,065$47,360,149$28,531,185$237,855,104
94$272,655,134$49,617,308$29,423,490$261,694,493
95$300,400,469$51,983,067$30,343,688$287,948,840
96$330,973,764$54,462,685$31,292,649$316,863,780
97$364,663,408$57,061,676$32,271,273$348,709,974
98$401,787,201$59,785,824$33,280,486$383,785,656
99$442,695,357$62,641,190$34,321,244$422,419,452
100$487,773,809$65,634,134$35,394,531$464,973,470