Can I retire at age 61 with 10,900,000?

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 $10,900,000?

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$900,112$892,094$884,272$876,637$869,181$849,896
2 years$445,600$437,301$429,258$421,460$413,896$394,566
3 years$294,116$285,781$277,758$270,033$262,593$243,822
4 years$218,389$210,079$202,137$194,544$187,283$169,217
5 years$172,964$164,705$156,867$149,428$142,370$125,059
6 years$142,691$134,494$126,772$119,499$112,652$96,114
7 years$121,076$112,948$105,348$98,247$91,616$75,854
8 years$104,872$96,817$89,343$82,417$76,005$61,013
9 years$92,275$84,297$76,951$70,201$64,007$49,774
10 years$82,204$74,303$67,088$60,514$54,537$41,049
11 years$73,969$66,148$59,063$52,665$46,904$34,142
12 years$67,112$59,371$52,417$46,194$40,646$28,590
13 years$61,314$53,654$46,831$40,783$35,444$24,073
14 years$56,349$48,770$42,078$36,202$31,070$20,361
15 years$52,049$44,552$37,991$32,286$27,356$17,285
16 years$48,291$40,876$34,444$28,909$24,178$14,719
17 years$44,978$37,645$31,343$25,974$21,438$12,566
18 years$42,037$34,786$28,612$23,408$19,061$10,751
19 years$39,408$32,239$26,193$21,151$16,990$9,216
20 years$37,046$29,958$24,039$19,156$15,176$7,912
21 years$34,911$27,905$22,111$17,386$13,580$6,801
22 years$32,972$26,048$20,379$15,808$12,173$5,853
23 years$31,205$24,362$18,816$14,396$10,927$5,042
24 years$29,588$22,826$17,402$13,130$9,822$4,346
25 years$28,102$21,421$16,117$11,991$8,838$3,750
26 years$26,733$20,132$14,948$10,964$7,961$3,237
27 years$25,467$18,947$13,881$10,036$7,177$2,796
28 years$24,294$17,853$12,904$9,195$6,476$2,416
29 years$23,203$16,843$12,008$8,432$5,848$2,088
30 years$22,188$15,906$11,185$7,738$5,284$1,806
31 years$21,239$15,037$10,428$7,107$4,777$1,562
32 years$20,352$14,228$9,729$6,532$4,321$1,351
33 years$19,520$13,474$9,084$6,006$3,911$1,169
34 years$18,739$12,770$8,488$5,526$3,541$1,012
35 years$18,004$12,112$7,935$5,087$3,207$876
36 years$17,312$11,496$7,423$4,685$2,906$759
37 years$16,658$10,919$6,948$4,317$2,634$657
38 years$16,041$10,377$6,507$3,979$2,388$569
39 years$15,456$9,867$6,096$3,669$2,165$493
40 years$14,902$9,388$5,714$3,384$1,964$427
41 years$14,376$8,936$5,358$3,122$1,782$370
42 years$13,877$8,511$5,026$2,881$1,617$320
43 years$13,403$8,109$4,716$2,660$1,467$277
44 years$12,951$7,730$4,427$2,456$1,332$240
45 years$12,520$7,371$4,157$2,268$1,209$208
46 years$12,110$7,032$3,904$2,095$1,098$180
47 years$11,718$6,710$3,668$1,936$997$156
48 years$11,343$6,406$3,447$1,789$905$135
49 years$10,985$6,117$3,240$1,653$822$117
50 years$10,642$5,843$3,046$1,528$747$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $10,900,000, adding $2,866 every year, while hoping to spend $36,350 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: 37/44/19 Blend
60$10,900,000$10,900,000$10,900,000$10,900,000
61$12,014,756$11,437,056$11,268,106$12,390,252
62$13,201,585$11,958,796$11,606,912$13,184,247
63$14,508,253$12,504,883$11,955,849$14,037,678
64$15,946,943$13,076,471$12,315,219$14,958,763
65$17,531,084$13,674,770$12,685,331$15,953,594
66$19,275,470$14,301,050$13,066,505$17,028,852
67$21,196,405$14,956,637$13,459,070$18,191,863
68$23,311,852$15,642,926$13,863,362$19,450,662
69$25,641,607$16,361,376$14,279,731$20,814,060
70$28,207,483$17,113,516$14,708,535$22,291,730
71$31,033,517$17,900,949$15,150,142$23,894,284
72$34,146,197$18,725,357$15,604,932$25,633,371
73$37,574,708$19,588,498$16,073,296$27,521,784
74$41,351,214$20,492,220$16,555,638$29,573,566
75$45,511,156$21,438,457$17,052,369$31,804,142
76$50,093,589$22,429,236$17,563,919$34,230,458
77$55,141,549$23,466,683$18,090,724$36,871,127
78$60,702,461$24,553,025$18,633,237$39,746,603
79$66,828,585$25,690,596$19,191,924$42,879,364
80$73,577,510$26,881,844$19,767,262$46,294,115
81$81,012,696$28,129,334$20,359,746$50,018,012
82$89,204,074$29,435,756$20,969,881$54,080,910
83$98,228,708$30,803,926$21,598,190$58,515,633
84$108,171,518$32,236,800$22,245,211$63,358,277
85$119,126,084$33,737,474$22,911,497$68,648,537
86$131,195,530$35,309,195$23,597,617$74,430,070
87$144,493,494$36,955,366$24,304,157$80,750,897
88$159,145,206$38,679,554$25,031,722$87,663,844
89$175,288,663$40,485,499$25,780,931$95,227,026
90$193,075,938$42,377,120$26,552,424$103,504,386
91$212,674,612$44,358,528$27,346,858$112,566,277
92$234,269,357$46,434,029$28,164,912$122,490,120
93$258,063,676$48,608,141$29,007,281$133,361,114
94$284,281,829$50,885,598$29,874,683$145,273,023
95$313,170,947$53,271,364$30,767,856$158,329,050
96$345,003,364$55,770,642$31,687,561$172,642,787
97$380,079,191$58,388,887$32,634,578$188,339,273
98$418,729,146$61,131,820$33,609,713$205,556,153
99$461,317,675$64,005,435$34,613,795$224,444,956
100$508,246,395$67,016,019$35,647,674$245,172,507