Can I retire at age 61 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$916,628$908,463$900,497$892,722$885,130$852,707
2 years$453,776$445,325$437,134$429,193$421,490$389,186
3 years$299,512$291,025$282,855$274,988$267,411$236,241
4 years$222,396$213,934$205,846$198,114$190,720$160,922
5 years$176,138$167,727$159,745$152,170$144,982$116,634
6 years$145,309$136,962$129,098$121,692$114,719$87,841
7 years$123,297$115,020$107,281$100,049$93,298$67,883
8 years$106,796$98,593$90,983$83,929$77,399$53,425
9 years$93,968$85,843$78,363$71,489$65,181$42,616
10 years$83,712$75,667$68,319$61,624$55,538$34,340
11 years$75,327$67,362$60,147$53,631$47,764$27,890
12 years$68,343$60,460$53,379$47,042$41,392$22,792
13 years$62,439$54,638$47,690$41,531$36,094$18,716
14 years$57,383$49,665$42,850$36,867$31,640$15,431
15 years$53,004$45,370$38,688$32,879$27,858$12,762
16 years$49,177$41,626$35,076$29,439$24,621$10,582
17 years$45,804$38,336$31,918$26,451$21,831$8,794
18 years$42,808$35,424$29,137$23,838$19,411$7,320
19 years$40,132$32,831$26,673$21,539$17,302$6,102
20 years$37,725$30,508$24,480$19,508$15,454$5,093
21 years$35,551$28,417$22,517$17,705$13,830$4,255
22 years$33,577$26,526$20,752$16,098$12,396$3,558
23 years$31,778$24,809$19,161$14,660$11,128$2,977
24 years$30,131$23,245$17,721$13,371$10,002$2,492
25 years$28,618$21,814$16,413$12,211$9,000$2,087
26 years$27,223$20,502$15,222$11,165$8,107$1,749
27 years$25,934$19,294$14,135$10,220$7,309$1,466
28 years$24,739$18,181$13,141$9,364$6,595$1,229
29 years$23,629$17,152$12,228$8,587$5,955$1,031
30 years$22,595$16,198$11,390$7,880$5,381$865
31 years$21,629$15,312$10,619$7,238$4,865$725
32 years$20,726$14,489$9,908$6,652$4,401$609
33 years$19,878$13,721$9,251$6,117$3,983$511
34 years$19,083$13,004$8,643$5,628$3,606$429
35 years$18,335$12,334$8,081$5,181$3,266$360
36 years$17,629$11,707$7,560$4,771$2,959$302
37 years$16,964$11,119$7,076$4,396$2,682$253
38 years$16,335$10,567$6,626$4,052$2,431$213
39 years$15,740$10,048$6,208$3,736$2,205$179
40 years$15,175$9,560$5,819$3,446$2,000$150
41 years$14,640$9,100$5,456$3,179$1,814$126
42 years$14,132$8,667$5,118$2,934$1,646$106
43 years$13,649$8,258$4,802$2,709$1,494$89
44 years$13,188$7,871$4,508$2,501$1,356$74
45 years$12,750$7,506$4,233$2,310$1,231$63
46 years$12,332$7,161$3,976$2,134$1,118$52
47 years$11,933$6,833$3,735$1,971$1,015$44
48 years$11,551$6,523$3,510$1,821$922$37
49 years$11,186$6,229$3,299$1,683$837$31
50 years$10,837$5,951$3,102$1,556$760$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,100,000, adding $4,533 every year, while hoping to spend $27,878 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: 50/38/12 Blend
60$11,100,000$11,100,000$11,100,000$11,100,000
61$12,236,876$11,648,576$11,476,526$12,808,848
62$13,455,375$12,189,694$11,831,327$13,742,473
63$14,797,227$12,756,393$12,197,081$14,753,160
64$16,274,984$13,349,896$12,574,123$15,850,819
65$17,902,478$13,971,486$12,962,802$17,043,623
66$19,694,951$14,622,510$13,363,476$18,340,554
67$21,669,199$15,304,375$13,776,515$19,751,473
68$23,843,729$16,018,561$14,202,299$21,287,213
69$26,238,935$16,766,616$14,641,222$22,959,680
70$28,877,291$17,550,166$15,093,688$24,781,953
71$31,783,563$18,370,911$15,560,115$26,768,409
72$34,985,039$19,230,639$16,040,931$28,934,848
73$38,511,791$20,131,218$16,536,580$31,298,642
74$42,396,958$21,074,612$17,047,520$33,878,888
75$46,677,056$22,062,876$17,574,220$36,696,585
76$51,392,326$23,098,167$18,117,167$39,774,826
77$56,587,111$24,182,745$18,676,860$43,139,006
78$62,310,276$25,318,980$19,253,814$46,817,059
79$68,615,669$26,509,355$19,848,562$50,839,712
80$75,562,630$27,756,476$20,461,651$55,240,767
81$83,216,547$29,063,072$21,093,646$60,057,411
82$91,649,480$30,432,008$21,745,128$65,330,563
83$100,940,835$31,866,284$22,416,698$71,105,246
84$111,178,115$33,369,048$23,108,973$77,431,008
85$122,457,750$34,943,598$23,822,590$84,362,373
86$134,886,001$36,593,394$24,558,207$91,959,352
87$148,579,966$38,322,064$25,316,500$100,287,998
88$163,668,687$40,133,410$26,098,168$109,421,013
89$180,294,365$42,031,418$26,903,928$119,438,431
90$198,613,703$44,020,271$27,734,523$130,428,352
91$218,799,388$46,104,351$28,590,716$142,487,769
92$241,041,715$48,288,254$29,473,295$155,723,465
93$265,550,390$50,576,799$30,383,071$170,253,010
94$292,556,507$52,975,039$31,320,880$186,205,854
95$322,314,727$55,488,272$32,287,586$203,724,535
96$355,105,685$58,122,053$33,284,076$222,966,007
97$391,238,639$60,882,208$34,311,267$244,103,107
98$431,054,388$63,774,844$35,370,102$267,326,167
99$474,928,489$66,806,365$36,461,554$292,844,794
100$523,274,805$69,983,487$37,586,626$320,889,827