Can I retire at age 61 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$924,886$916,647$908,609$900,764$893,104$872,577
2 years$457,864$449,337$441,073$433,060$425,287$404,720
3 years$302,211$293,647$285,403$277,466$269,820$249,855
4 years$224,399$215,861$207,700$199,898$192,438$173,229
5 years$177,725$169,238$161,184$153,541$146,288$127,889
6 years$146,618$138,195$130,261$122,788$115,753$98,182
7 years$124,408$116,056$108,247$100,951$94,138$77,399
8 years$107,758$99,482$91,802$84,685$78,097$62,183
9 years$94,815$86,617$79,069$72,133$65,769$50,668
10 years$84,467$76,348$68,934$62,179$56,038$41,734
11 years$76,005$67,969$60,689$54,115$48,195$34,668
12 years$68,959$61,005$53,860$47,466$41,764$28,993
13 years$63,002$55,131$48,120$41,905$36,419$24,380
14 years$57,900$50,112$43,236$37,199$31,925$20,592
15 years$53,482$45,778$39,036$33,175$28,109$17,457
16 years$49,620$42,001$35,392$29,704$24,843$14,844
17 years$46,216$38,681$32,205$26,689$22,028$12,655
18 years$43,194$35,743$29,399$24,052$19,586$10,811
19 years$40,493$33,126$26,914$21,733$17,457$9,253
20 years$38,065$30,783$24,700$19,684$15,593$7,932
21 years$35,871$28,673$22,719$17,864$13,954$6,808
22 years$33,880$26,765$20,939$16,243$12,508$5,850
23 years$32,064$25,033$19,334$14,793$11,228$5,031
24 years$30,402$23,454$17,881$13,492$10,092$4,331
25 years$28,875$22,010$16,561$12,321$9,081$3,730
26 years$27,468$20,686$15,359$11,266$8,180$3,215
27 years$26,168$19,468$14,263$10,312$7,375$2,772
28 years$24,962$18,345$13,259$9,448$6,655$2,392
29 years$23,842$17,306$12,339$8,664$6,009$2,064
30 years$22,798$16,344$11,493$7,951$5,429$1,782
31 years$21,824$15,450$10,715$7,303$4,909$1,539
32 years$20,912$14,619$9,997$6,711$4,440$1,329
33 years$20,058$13,845$9,334$6,172$4,018$1,148
34 years$19,255$13,122$8,721$5,679$3,638$992
35 years$18,500$12,446$8,154$5,227$3,295$857
36 years$17,788$11,813$7,628$4,814$2,986$741
37 years$17,117$11,219$7,139$4,436$2,706$641
38 years$16,482$10,662$6,686$4,089$2,453$554
39 years$15,881$10,139$6,264$3,770$2,225$479
40 years$15,312$9,646$5,871$3,477$2,018$414
41 years$14,772$9,182$5,505$3,208$1,831$358
42 years$14,259$8,745$5,164$2,961$1,661$310
43 years$13,771$8,332$4,846$2,733$1,508$268
44 years$13,307$7,942$4,549$2,524$1,368$231
45 years$12,865$7,574$4,271$2,331$1,242$200
46 years$12,443$7,225$4,011$2,153$1,128$173
47 years$12,040$6,895$3,769$1,989$1,024$150
48 years$11,655$6,582$3,541$1,838$930$130
49 years$11,287$6,286$3,329$1,698$845$112
50 years$10,935$6,004$3,130$1,570$767$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,200,000, adding $5,230 every year, while hoping to spend $25,795 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: 74/13/13 Blend
60$11,200,000$11,200,000$11,200,000$11,200,000
61$12,347,795$11,754,195$11,580,595$13,227,745
62$13,579,824$12,302,705$11,941,099$14,358,507
63$14,936,656$12,877,227$12,312,816$15,593,340
64$16,430,993$13,479,009$12,696,093$16,945,579
65$18,076,832$14,109,359$13,091,290$18,426,865
66$19,889,599$14,769,647$13,498,778$20,050,013
67$21,886,288$15,461,310$13,918,937$21,829,131
68$24,085,631$16,185,855$14,352,163$23,779,750
69$26,508,265$16,944,862$14,798,860$25,918,971
70$29,176,933$17,739,985$15,259,447$28,265,622
71$32,116,698$18,572,962$15,734,356$30,840,437
72$35,355,175$19,445,612$16,224,032$33,666,243
73$38,922,799$20,359,842$16,728,933$36,768,180
74$42,853,104$21,317,654$17,249,531$40,173,932
75$47,183,046$22,321,145$17,786,316$43,913,986
76$51,953,348$23,372,512$18,339,789$48,021,921
77$57,208,887$24,474,062$18,910,469$52,534,714
78$62,999,114$25,628,212$19,498,890$57,493,096
79$69,378,523$26,837,494$20,105,603$62,941,924
80$76,407,168$28,104,567$20,731,176$68,930,609
81$84,151,224$29,432,215$21,376,195$75,513,575
82$92,683,615$30,823,360$22,041,264$82,750,769
83$102,084,702$32,281,063$22,727,005$90,708,226
84$112,443,042$33,808,536$23,434,060$99,458,686
85$123,856,222$35,409,144$24,163,090$109,082,278
86$136,431,783$37,086,417$24,914,780$119,667,270
87$150,288,230$38,844,058$25,689,830$131,310,905
88$165,556,158$40,685,945$26,488,968$144,120,303
89$182,379,478$42,616,148$27,312,941$158,213,477
90$200,916,780$44,638,934$28,162,519$173,720,441
91$221,342,826$46,758,777$29,038,498$190,784,425
92$243,850,204$48,980,366$29,941,697$209,563,232
93$268,651,142$51,308,621$30,872,961$230,230,714
94$295,979,514$53,748,700$31,833,161$252,978,412
95$326,093,048$56,306,010$32,823,196$278,017,354
96$359,275,757$58,986,222$33,843,991$305,580,046
97$395,840,620$61,795,283$34,896,501$335,922,656
98$436,132,540$64,739,428$35,981,710$369,327,428
99$480,531,595$67,825,196$37,100,633$406,105,336
100$529,456,630$71,059,443$38,254,317$446,599,016