Can I retire at age 61 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$867,080$859,357$851,821$844,466$837,285$818,707
2 years$429,248$421,253$413,506$405,993$398,707$380,087
3 years$283,323$275,294$267,565$260,124$252,956$234,875
4 years$210,374$202,370$194,719$187,405$180,410$163,007
5 years$166,617$158,661$151,110$143,945$137,145$120,469
6 years$137,455$129,558$122,119$115,114$108,518$92,587
7 years$116,633$108,803$101,482$94,641$88,254$73,071
8 years$101,023$93,264$86,065$79,392$73,216$58,774
9 years$88,889$81,203$74,127$67,625$61,658$47,948
10 years$79,187$71,577$64,626$58,293$52,536$39,542
11 years$71,255$63,720$56,896$50,732$45,183$32,889
12 years$64,649$57,192$50,493$44,499$39,154$27,541
13 years$59,064$51,685$45,113$39,286$34,143$23,190
14 years$54,281$46,980$40,534$34,874$29,930$19,614
15 years$50,139$42,917$36,597$31,101$26,353$16,651
16 years$46,519$39,376$33,180$27,848$23,290$14,179
17 years$43,328$36,264$30,193$25,021$20,651$12,105
18 years$40,494$33,509$27,562$22,549$18,362$10,357
19 years$37,962$31,056$25,232$20,375$16,366$8,877
20 years$35,686$28,859$23,156$18,453$14,619$7,621
21 years$33,630$26,881$21,299$16,748$13,082$6,551
22 years$31,762$25,092$19,631$15,227$11,726$5,638
23 years$30,060$23,468$18,125$13,868$10,526$4,857
24 years$28,502$21,988$16,763$12,648$9,461$4,187
25 years$27,071$20,635$15,526$11,551$8,514$3,612
26 years$25,752$19,393$14,399$10,562$7,669$3,118
27 years$24,532$18,251$13,371$9,668$6,914$2,693
28 years$23,402$17,198$12,430$8,858$6,239$2,327
29 years$22,352$16,225$11,567$8,123$5,633$2,012
30 years$21,373$15,322$10,775$7,454$5,090$1,740
31 years$20,460$14,485$10,045$6,846$4,602$1,505
32 years$19,605$13,706$9,372$6,292$4,163$1,302
33 years$18,804$12,979$8,751$5,786$3,767$1,126
34 years$18,051$12,301$8,176$5,324$3,411$975
35 years$17,344$11,668$7,644$4,901$3,089$844
36 years$16,676$11,074$7,151$4,513$2,799$731
37 years$16,047$10,518$6,693$4,158$2,537$633
38 years$15,452$9,996$6,268$3,833$2,300$548
39 years$14,889$9,505$5,872$3,534$2,086$475
40 years$14,355$9,043$5,504$3,260$1,892$411
41 years$13,849$8,608$5,161$3,008$1,716$356
42 years$13,368$8,198$4,841$2,776$1,557$308
43 years$12,911$7,811$4,543$2,562$1,413$267
44 years$12,475$7,446$4,264$2,366$1,283$231
45 years$12,061$7,100$4,004$2,185$1,165$200
46 years$11,665$6,773$3,761$2,018$1,057$174
47 years$11,288$6,464$3,533$1,865$960$150
48 years$10,927$6,171$3,320$1,723$872$130
49 years$10,582$5,893$3,121$1,592$792$113
50 years$10,252$5,629$2,934$1,472$719$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,500,000, adding $2,245 every year, while hoping to spend $31,270 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: 67/25/8 Blend
60$10,500,000$10,500,000$10,500,000$10,500,000
61$11,573,316$11,016,816$10,854,066$12,331,423
62$12,720,523$11,523,369$11,184,406$13,341,571
63$13,983,697$12,053,695$11,524,764$14,441,530
64$15,374,634$12,608,926$11,875,444$15,643,208
65$16,906,332$13,190,248$12,236,756$16,956,539
66$18,593,112$13,798,904$12,609,022$18,392,451
67$20,450,757$14,436,199$12,992,572$19,962,966
68$22,496,659$15,103,497$13,387,748$21,681,311
69$24,749,980$15,802,230$13,794,899$23,562,040
70$27,231,838$16,533,899$14,214,388$25,621,166
71$29,965,502$17,300,076$14,646,586$27,876,316
72$32,976,614$18,102,411$15,091,878$30,346,885
73$36,293,430$18,942,631$15,550,658$33,054,222
74$39,947,088$19,822,548$16,023,333$36,021,825
75$43,971,898$20,744,060$16,510,322$39,275,561
76$48,405,671$21,709,158$17,012,056$42,843,903
77$53,290,070$22,719,927$17,528,981$46,758,199
78$58,671,009$23,778,556$18,061,554$51,052,959
79$64,599,083$24,887,336$18,610,246$55,766,180
80$71,130,044$26,048,670$19,175,545$60,939,696
81$78,325,332$27,265,078$19,757,949$66,619,574
82$86,252,650$28,539,201$20,357,974$72,856,536
83$94,986,606$29,873,808$20,976,152$79,706,439
84$104,609,415$31,271,800$21,613,028$87,230,791
85$115,211,677$32,736,219$22,269,166$95,497,331
86$126,893,231$34,270,257$22,945,146$104,580,660
87$139,764,097$35,877,256$23,641,565$114,562,934
88$153,945,516$37,560,723$24,359,039$125,534,642
89$169,571,092$39,324,332$25,098,201$137,595,446
90$186,788,056$41,171,937$25,859,703$150,855,116
91$205,758,653$43,107,577$26,644,218$165,434,560
92$226,661,674$45,135,487$27,452,438$181,466,954
93$249,694,146$47,260,107$28,285,076$199,098,995
94$275,073,189$49,486,093$29,142,866$218,492,273
95$303,038,068$51,818,324$30,026,565$239,824,788
96$333,852,447$54,261,918$30,936,951$263,292,623
97$367,806,884$56,822,240$31,874,827$289,111,781
98$405,221,571$59,504,914$32,841,018$317,520,216
99$446,449,355$62,315,839$33,836,376$348,780,066
100$491,879,072$65,261,198$34,861,777$383,180,118