Can I retire at age 61 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$908,370$900,278$892,384$884,679$877,155$843,353
2 years$449,688$441,313$433,196$425,327$417,693$384,040
3 years$296,814$288,403$280,307$272,511$265,002$232,558
4 years$220,392$212,007$203,991$196,329$189,001$158,014
5 years$174,551$166,216$158,306$150,799$143,676$114,225
6 years$144,000$135,728$127,935$120,595$113,686$85,790
7 years$122,187$113,984$106,314$99,148$92,457$66,108
8 years$105,834$97,705$90,163$83,173$76,702$51,874
9 years$93,122$85,070$77,657$70,845$64,594$41,252
10 years$82,958$74,985$67,703$61,069$55,037$33,136
11 years$74,648$66,755$59,605$53,148$47,334$26,825
12 years$67,728$59,915$52,898$46,618$41,019$21,848
13 years$61,877$54,146$47,261$41,157$35,769$17,880
14 years$56,866$49,217$42,464$36,534$31,355$14,689
15 years$52,527$44,961$38,339$32,582$27,607$12,106
16 years$48,734$41,251$34,760$29,174$24,400$10,002
17 years$45,391$37,990$31,630$26,213$21,634$8,281
18 years$42,423$35,105$28,874$23,623$19,236$6,867
19 years$39,770$32,535$26,433$21,345$17,146$5,703
20 years$37,386$30,233$24,259$19,332$15,315$4,742
21 years$35,231$28,161$22,314$17,545$13,705$3,946
22 years$33,275$26,287$20,566$15,953$12,285$3,286
23 years$31,491$24,586$18,989$14,528$11,027$2,739
24 years$29,859$23,035$17,561$13,251$9,912$2,284
25 years$28,360$21,617$16,265$12,101$8,919$1,905
26 years$26,978$20,317$15,085$11,065$8,034$1,590
27 years$25,701$19,121$14,008$10,128$7,243$1,327
28 years$24,517$18,017$13,022$9,279$6,536$1,108
29 years$23,416$16,997$12,118$8,509$5,902$926
30 years$22,391$16,052$11,288$7,809$5,332$773
31 years$21,434$15,175$10,523$7,172$4,821$646
32 years$20,539$14,358$9,818$6,592$4,361$540
33 years$19,699$13,597$9,167$6,061$3,947$451
34 years$18,911$12,887$8,565$5,577$3,573$377
35 years$18,169$12,223$8,008$5,134$3,236$315
36 years$17,471$11,602$7,491$4,728$2,932$263
37 years$16,811$11,019$7,012$4,357$2,658$220
38 years$16,188$10,472$6,566$4,016$2,409$184
39 years$15,598$9,958$6,152$3,702$2,185$154
40 years$15,039$9,474$5,766$3,415$1,982$129
41 years$14,508$9,018$5,407$3,151$1,798$108
42 years$14,005$8,589$5,072$2,908$1,632$90
43 years$13,526$8,183$4,759$2,684$1,481$75
44 years$13,070$7,801$4,467$2,478$1,344$63
45 years$12,635$7,439$4,195$2,289$1,220$53
46 years$12,221$7,096$3,940$2,114$1,108$44
47 years$11,825$6,772$3,701$1,953$1,006$37
48 years$11,447$6,465$3,478$1,805$914$31
49 years$11,086$6,173$3,269$1,668$830$26
50 years$10,740$5,897$3,074$1,542$754$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,000,000, adding $3,612 every year, while hoping to spend $56,434 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: 52/18/30 Blend
60$11,000,000$11,000,000$11,000,000$11,000,000
61$12,125,726$11,542,726$11,372,226$12,653,714
62$13,302,504$12,048,274$11,693,150$13,527,601
63$14,597,423$12,576,703$12,022,934$14,471,805
64$16,022,473$13,129,073$12,361,814$15,497,924
65$17,590,865$13,706,498$12,710,035$16,613,815
66$19,317,157$14,310,140$13,067,845$17,828,118
67$21,217,389$14,941,219$13,435,500$19,150,333
68$23,309,237$15,601,013$13,813,264$20,590,912
69$25,612,175$16,290,859$14,201,404$22,161,350
70$28,147,662$17,012,156$14,600,196$23,874,296
71$30,939,345$17,766,373$15,009,924$25,743,664
72$34,013,280$18,555,047$15,430,878$27,784,765
73$37,398,176$19,379,786$15,863,354$30,014,449
74$41,125,672$20,242,277$16,307,658$32,451,256
75$45,230,628$21,144,286$16,764,102$35,115,595
76$49,751,458$22,087,663$17,233,006$38,029,927
77$54,730,494$23,074,345$17,714,699$41,218,978
78$60,214,379$24,106,363$18,209,516$44,709,964
79$66,254,514$25,185,843$18,717,803$48,532,848
80$72,907,538$26,315,013$19,239,914$52,720,618
81$80,235,866$27,496,207$19,776,209$57,309,592
82$88,308,273$28,731,870$20,327,061$62,339,758
83$97,200,548$30,024,563$20,892,849$67,855,150
84$106,996,208$31,376,971$21,473,963$73,904,251
85$117,787,283$32,791,904$22,070,803$80,540,456
86$129,675,187$34,272,309$22,683,776$87,822,561
87$142,771,677$35,821,273$23,313,303$95,815,320
88$157,199,901$37,442,028$23,959,812$104,590,046
89$173,095,568$39,137,965$24,623,743$114,225,282
90$190,608,223$40,912,632$25,305,545$124,807,533
91$209,902,662$42,769,751$26,005,681$136,432,081
92$231,160,484$44,713,219$26,724,621$149,203,871
93$254,581,807$46,747,121$27,462,851$163,238,500
94$280,387,159$48,875,738$28,220,864$178,663,302
95$308,819,554$51,103,554$28,999,168$195,618,538
96$340,146,790$53,435,269$29,798,281$214,258,715
97$374,663,975$55,875,809$30,618,735$234,754,038
98$412,696,312$58,430,336$31,461,075$257,292,004
99$454,602,171$61,104,257$32,325,856$282,079,168
100$500,776,468$63,903,242$33,213,648$309,343,080