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%13.6%
1 years$850,564$842,988$835,596$828,381$821,336$809,063
2 years$421,071$413,229$405,629$398,260$391,113$378,775
3 years$277,926$270,050$262,469$255,169$248,138$236,120
4 years$206,367$198,515$191,010$183,835$176,974$165,368
5 years$163,443$155,638$148,232$141,203$134,533$123,373
6 years$134,836$127,090$119,793$112,921$106,451$95,750
7 years$114,411$106,730$99,549$92,839$86,573$76,334
8 years$99,099$91,488$84,425$77,880$71,821$62,043
9 years$87,196$79,656$72,715$66,337$60,484$51,162
10 years$77,679$70,213$63,395$57,183$51,535$42,662
11 years$69,898$62,507$55,812$49,766$44,322$35,889
12 years$63,418$56,103$49,532$43,652$38,408$30,405
13 years$57,939$50,700$44,253$38,538$33,493$25,908
14 years$53,247$46,085$39,762$34,210$29,360$22,181
15 years$49,184$42,100$35,900$30,509$25,851$19,065
16 years$45,633$38,626$32,548$27,317$22,847$16,442
17 years$42,503$35,573$29,618$24,544$20,258$14,219
18 years$39,723$32,871$27,037$22,120$18,012$12,326
19 years$37,239$30,464$24,751$19,987$16,055$10,707
20 years$35,006$28,309$22,715$18,102$14,340$9,316
21 years$32,989$26,369$20,894$16,429$12,833$8,119
22 years$31,157$24,614$19,257$14,937$11,503$7,084
23 years$29,487$23,021$17,780$13,604$10,326$6,188
24 years$27,959$21,569$16,444$12,407$9,281$5,411
25 years$26,555$20,242$15,230$11,331$8,351$4,735
26 years$25,261$19,024$14,125$10,361$7,523$4,147
27 years$24,065$17,904$13,116$9,483$6,782$3,634
28 years$22,956$16,871$12,193$8,689$6,120$3,187
29 years$21,926$15,916$11,347$7,968$5,526$2,795
30 years$20,966$15,031$10,569$7,312$4,993$2,453
31 years$20,070$14,209$9,854$6,716$4,514$2,154
32 years$19,232$13,444$9,194$6,172$4,083$1,892
33 years$18,446$12,732$8,584$5,676$3,696$1,662
34 years$17,708$12,067$8,020$5,222$3,346$1,460
35 years$17,013$11,446$7,499$4,807$3,030$1,283
36 years$16,359$10,863$7,015$4,427$2,746$1,128
37 years$15,741$10,318$6,566$4,079$2,489$992
38 years$15,158$9,806$6,148$3,760$2,256$872
39 years$14,605$9,324$5,760$3,467$2,046$767
40 years$14,082$8,871$5,399$3,198$1,856$675
41 years$13,585$8,445$5,063$2,950$1,684$593
42 years$13,113$8,042$4,749$2,723$1,528$522
43 years$12,665$7,663$4,456$2,513$1,386$459
44 years$12,238$7,304$4,183$2,321$1,258$404
45 years$11,831$6,965$3,928$2,143$1,142$356
46 years$11,443$6,644$3,689$1,980$1,037$313
47 years$11,073$6,341$3,466$1,829$942$275
48 years$10,719$6,053$3,257$1,690$855$242
49 years$10,380$5,780$3,061$1,562$777$213
50 years$10,056$5,522$2,878$1,444$706$188

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 $5,093 every year, while hoping to spend $21,528 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: 60/30/10 Blend
60$10,300,000$10,300,000$10,300,000$10,300,000
61$11,355,853$10,809,953$10,650,303$12,010,675
62$12,491,245$11,316,736$10,984,183$12,957,618
63$13,741,725$11,847,628$11,328,526$13,987,153
64$15,119,009$12,403,791$11,683,660$15,109,600
65$16,636,009$12,986,437$12,049,924$16,333,913
66$18,306,951$13,596,842$12,427,665$17,669,936
67$20,147,512$14,236,339$12,817,244$19,128,493
68$22,174,968$14,906,330$13,219,031$20,721,484
69$24,408,355$15,608,280$13,633,409$22,461,999
70$26,868,652$16,343,730$14,060,773$24,364,432
71$29,578,973$17,114,292$14,501,528$26,444,618
72$32,564,794$17,921,658$14,956,095$28,719,975
73$35,854,185$18,767,601$15,424,905$31,209,668
74$39,478,078$19,653,980$15,908,407$33,934,780
75$43,470,562$20,582,745$16,407,058$36,918,512
76$47,869,200$21,555,940$16,921,335$40,186,391
77$52,715,384$22,575,707$17,451,726$43,766,513
78$58,054,731$23,644,294$17,998,736$47,689,798
79$63,937,506$24,764,056$18,562,885$51,990,277
80$70,419,101$25,937,465$19,144,712$56,705,408
81$77,560,558$27,167,109$19,744,769$61,876,424
82$85,429,143$28,455,706$20,363,626$67,548,716
83$94,098,982$29,806,102$21,001,874$73,772,253
84$103,651,761$31,221,284$21,660,120$80,602,047
85$114,177,495$32,704,381$22,338,989$88,098,668
86$125,775,382$34,258,679$23,039,128$96,328,804
87$138,554,735$35,887,618$23,761,202$105,365,886
88$152,636,015$37,594,808$24,505,899$115,290,770
89$168,151,970$39,384,035$25,273,928$126,192,493
90$185,248,885$41,259,267$26,066,019$138,169,103
91$204,087,966$43,224,665$26,882,925$151,328,578
92$224,846,859$45,284,595$27,725,424$165,789,831
93$247,721,331$47,443,631$28,594,317$181,683,825
94$272,927,111$49,706,574$29,490,431$199,154,798
95$300,701,934$52,078,454$30,414,618$218,361,610
96$331,307,781$54,564,548$31,367,758$239,479,236
97$365,033,353$57,170,390$32,350,757$262,700,400
98$402,196,798$59,901,781$33,364,550$288,237,384
99$443,148,710$62,764,807$34,410,101$316,324,015
100$488,275,444$65,765,849$35,488,405$347,217,862