Can I retire at age 61 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$891,854$883,910$876,159$868,594$861,207$845,549
2 years$441,512$433,289$425,320$417,593$410,099$394,379
3 years$291,417$283,159$275,210$267,556$260,183$244,892
4 years$216,385$208,152$200,283$192,759$185,565$170,820
5 years$171,377$163,194$155,427$148,057$141,064$126,907
6 years$141,382$133,260$125,608$118,403$111,619$98,067
7 years$119,965$111,911$104,381$97,345$90,776$77,832
8 years$103,910$95,929$88,524$81,661$75,307$62,969
9 years$91,429$83,523$76,245$69,557$63,420$51,678
10 years$81,450$73,622$66,472$59,959$54,037$42,882
11 years$73,291$65,541$58,521$52,182$46,473$35,893
12 years$66,496$58,826$51,936$45,771$40,273$30,253
13 years$60,752$53,162$46,401$40,409$35,119$25,643
14 years$55,832$48,322$41,692$35,870$30,785$21,836
15 years$51,572$44,143$37,642$31,990$27,105$18,666
16 years$47,848$40,501$34,128$28,644$23,956$16,008
17 years$44,566$37,300$31,055$25,736$21,241$13,765
18 years$41,651$34,467$28,349$23,193$18,886$11,863
19 years$39,047$31,943$25,953$20,957$16,834$10,245
20 years$36,706$29,683$23,818$18,981$15,036$8,861
21 years$34,590$27,649$21,908$17,226$13,456$7,675
22 years$32,670$25,809$20,192$15,663$12,061$6,656
23 years$30,919$24,139$18,643$14,264$10,827$5,779
24 years$29,316$22,616$17,242$13,010$9,731$5,021
25 years$27,844$21,224$15,970$11,881$8,757$4,367
26 years$26,487$19,948$14,811$10,864$7,888$3,800
27 years$25,233$18,773$13,753$9,944$7,112$3,309
28 years$24,071$17,690$12,785$9,111$6,417$2,882
29 years$22,991$16,688$11,898$8,355$5,794$2,512
30 years$21,984$15,760$11,082$7,667$5,235$2,190
31 years$21,044$14,899$10,332$7,042$4,733$1,910
32 years$20,165$14,097$9,640$6,472$4,282$1,666
33 years$19,341$13,350$9,001$5,951$3,875$1,454
34 years$18,567$12,653$8,410$5,476$3,508$1,269
35 years$17,839$12,001$7,863$5,041$3,178$1,108
36 years$17,153$11,391$7,355$4,642$2,879$967
37 years$16,505$10,819$6,884$4,277$2,609$845
38 years$15,893$10,282$6,447$3,942$2,366$738
39 years$15,314$9,777$6,040$3,635$2,145$644
40 years$14,765$9,302$5,661$3,353$1,946$563
41 years$14,245$8,854$5,309$3,093$1,765$492
42 years$13,750$8,433$4,980$2,855$1,602$430
43 years$13,280$8,035$4,673$2,635$1,454$375
44 years$12,832$7,659$4,386$2,433$1,320$328
45 years$12,405$7,303$4,118$2,247$1,198$287
46 years$11,998$6,967$3,868$2,076$1,088$250
47 years$11,610$6,649$3,634$1,918$988$219
48 years$11,239$6,347$3,415$1,772$897$191
49 years$10,884$6,061$3,210$1,638$815$167
50 years$10,545$5,790$3,018$1,514$740$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,800,000, adding $3,009 every year, while hoping to spend $41,157 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: 42/34/24 Blend
60$10,800,000$10,800,000$10,800,000$10,800,000
61$11,904,704$11,332,304$11,164,904$12,320,886
62$13,075,193$11,843,796$11,495,137$13,130,142
63$14,363,692$12,378,972$11,835,054$14,001,793
64$15,782,196$12,938,948$12,184,936$14,944,935
65$17,343,919$13,524,896$12,545,070$15,966,174
66$19,063,424$14,138,042$12,915,756$17,072,762
67$20,956,758$14,779,669$13,297,297$18,272,658
68$23,041,600$15,451,126$13,690,010$19,574,605
69$25,337,435$16,153,823$14,094,216$20,988,205
70$27,865,731$16,889,238$14,510,250$22,524,003
71$30,650,145$17,658,920$14,938,454$24,193,587
72$33,716,746$18,464,494$15,379,178$26,009,689
73$37,094,259$19,307,659$15,832,786$27,986,301
74$40,814,339$20,190,199$16,299,649$30,138,801
75$44,911,865$21,113,983$16,780,151$32,484,096
76$49,425,274$22,080,967$17,274,685$35,040,770
77$54,396,922$23,093,204$17,783,657$37,829,262
78$59,873,481$24,152,845$18,307,483$40,872,042
79$65,906,384$25,262,142$18,846,591$44,193,826
80$72,552,306$26,423,457$19,401,423$47,821,797
81$79,873,701$27,639,267$19,972,430$51,785,858
82$87,939,392$28,912,164$20,560,080$56,118,902
83$96,825,218$30,244,868$21,164,851$60,857,121
84$106,614,753$31,640,230$21,787,236$66,040,334
85$117,400,092$33,101,234$22,427,742$71,712,358
86$129,282,719$34,631,013$23,086,890$77,921,409
87$142,374,472$36,232,848$23,765,215$84,720,554
88$156,798,587$37,910,177$24,463,270$92,168,196
89$172,690,873$39,666,606$25,181,619$100,328,617
90$190,200,986$41,505,913$25,920,847$109,272,578
91$209,493,842$43,432,058$26,681,551$119,077,970
92$230,751,179$45,449,194$27,464,348$129,830,542
93$254,173,267$47,561,673$28,269,872$141,624,696
94$279,980,800$49,774,054$29,098,772$154,564,366
95$308,416,980$52,091,121$29,951,719$168,763,989
96$339,749,812$54,517,886$30,829,402$184,349,567
97$374,274,633$57,059,603$31,732,527$201,459,842
98$412,316,901$59,721,779$32,661,822$220,247,596
99$454,235,268$62,510,189$33,618,037$240,881,071
100$500,424,963$65,430,886$34,601,938$263,545,546