Can I retire at age 61 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$883,596$875,725$868,047$860,552$853,233$846,438
2 years$437,424$429,277$421,382$413,727$406,301$399,451
3 years$288,719$280,537$272,662$265,079$257,774$251,082
4 years$214,381$206,225$198,428$190,974$183,847$177,364
5 years$169,790$161,683$153,988$146,687$139,757$133,503
6 years$140,073$132,026$124,445$117,306$110,585$104,567
7 years$118,854$110,875$103,415$96,444$89,935$84,156
8 years$102,948$95,041$87,704$80,905$74,610$69,069
9 years$90,582$82,750$75,539$68,913$62,833$57,529
10 years$80,696$72,940$65,857$59,403$53,536$48,467
11 years$72,612$64,934$57,979$51,699$46,043$41,205
12 years$65,881$58,281$51,455$45,347$39,900$35,288
13 years$60,189$52,669$45,972$40,034$34,794$30,402
14 years$55,315$47,875$41,306$35,538$30,500$26,324
15 years$51,094$43,735$37,294$31,694$26,854$22,889
16 years$47,405$40,126$33,812$28,378$23,734$19,972
17 years$44,153$36,954$30,768$25,498$21,044$17,479
18 years$41,266$34,147$28,087$22,979$18,712$15,337
19 years$38,685$31,648$25,712$20,763$16,678$13,488
20 years$36,366$29,408$23,597$18,805$14,897$11,884
21 years$34,270$27,393$21,705$17,067$13,331$10,489
22 years$32,367$25,570$20,005$15,518$11,950$9,271
23 years$30,633$23,915$18,471$14,132$10,727$8,205
24 years$29,045$22,407$17,082$12,889$9,641$7,269
25 years$27,586$21,028$15,822$11,771$8,676$6,447
26 years$26,242$19,763$14,674$10,763$7,815$5,722
27 years$25,000$18,599$13,626$9,852$7,046$5,083
28 years$23,848$17,526$12,667$9,026$6,357$4,518
29 years$22,778$16,534$11,788$8,277$5,741$4,018
30 years$21,781$15,614$10,980$7,596$5,187$3,576
31 years$20,850$14,761$10,236$6,977$4,690$3,184
32 years$19,979$13,967$9,551$6,412$4,242$2,836
33 years$19,162$13,227$8,917$5,896$3,839$2,526
34 years$18,395$12,536$8,332$5,425$3,476$2,252
35 years$17,674$11,890$7,790$4,994$3,148$2,008
36 years$16,994$11,285$7,287$4,599$2,852$1,790
37 years$16,353$10,718$6,821$4,238$2,585$1,597
38 years$15,746$10,186$6,387$3,906$2,344$1,425
39 years$15,172$9,686$5,984$3,602$2,125$1,271
40 years$14,629$9,216$5,609$3,322$1,928$1,134
41 years$14,113$8,772$5,259$3,065$1,749$1,013
42 years$13,623$8,355$4,933$2,828$1,587$904
43 years$13,157$7,960$4,629$2,611$1,440$807
44 years$12,713$7,588$4,345$2,411$1,307$721
45 years$12,290$7,236$4,080$2,226$1,187$644
46 years$11,887$6,903$3,832$2,057$1,078$575
47 years$11,503$6,587$3,600$1,900$979$513
48 years$11,135$6,288$3,383$1,756$889$458
49 years$10,783$6,005$3,180$1,623$807$409
50 years$10,447$5,736$2,990$1,500$733$366

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,700,000, adding $3,959 every year, while hoping to spend $57,460 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: 54/34/12 Blend
60$10,700,000$10,700,000$10,700,000$10,700,000
61$11,795,484$11,228,384$11,062,534$12,395,638
62$12,937,486$11,717,438$11,371,992$13,292,967
63$14,194,047$12,228,529$11,689,891$14,262,578
64$15,576,790$12,762,678$12,016,453$15,316,582
65$17,098,525$13,320,951$12,351,905$16,463,007
66$18,773,362$13,904,465$12,696,482$17,710,680
67$20,616,853$14,514,392$13,050,422$19,069,302
68$22,646,131$15,151,956$13,413,970$20,549,536
69$24,880,076$15,818,441$13,787,378$22,163,106
70$27,339,490$16,515,192$14,170,902$23,922,903
71$30,047,296$17,243,614$14,564,805$25,843,103
72$33,028,753$18,005,184$14,969,359$27,939,295
73$36,311,693$18,801,445$15,384,839$30,228,628
74$39,926,783$19,634,013$15,811,529$32,729,963
75$43,907,818$20,504,583$16,249,718$35,464,051
76$48,292,037$21,414,929$16,699,705$38,453,722
77$53,120,474$22,366,909$17,161,794$41,724,094
78$58,438,344$23,362,470$17,636,296$45,302,809
79$64,295,474$24,403,650$18,123,531$49,220,284
80$70,746,768$25,492,585$18,623,825$53,509,993
81$77,852,729$26,631,512$19,137,514$58,208,781
82$85,680,026$27,822,774$19,664,939$63,357,199
83$94,302,126$29,068,828$20,206,452$68,999,886
84$103,799,987$30,372,245$20,762,413$75,185,979
85$114,262,820$31,735,719$21,333,187$81,969,574
86$125,788,931$33,162,073$21,919,153$89,410,226
87$138,486,652$34,654,264$22,520,694$97,573,501
88$152,475,359$36,215,392$23,138,206$106,531,592
89$167,886,600$37,848,701$23,772,091$116,363,991
90$184,865,339$39,557,593$24,422,761$127,158,226
91$203,571,320$41,345,631$25,090,640$139,010,681
92$224,180,577$43,216,549$25,776,159$152,027,496
93$246,887,096$45,174,260$26,479,760$166,325,558
94$271,904,642$47,222,861$27,201,894$182,033,594
95$299,468,782$49,366,648$27,943,025$199,293,375
96$329,839,106$51,610,121$28,703,624$218,261,040
97$363,301,674$53,957,997$29,484,175$239,108,561
98$400,171,723$56,415,216$30,285,172$262,025,353
99$440,796,634$58,986,958$31,107,121$287,220,046
100$485,559,220$61,678,648$31,950,539$314,922,444