Can I retire at age 61 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$941,401$933,016$924,835$916,849$909,052$893,992
2 years$466,040$457,361$448,949$440,793$432,882$417,753
3 years$307,607$298,890$290,500$282,420$274,638$259,912
4 years$228,406$219,716$211,409$203,468$195,874$181,663
5 years$180,898$172,260$164,062$156,283$148,900$135,246
6 years$149,236$140,663$132,587$124,981$117,820$104,738
7 years$126,630$118,129$110,180$102,754$95,819$83,313
8 years$109,682$101,258$93,442$86,197$79,491$67,559
9 years$96,508$88,163$80,481$73,421$66,943$55,578
10 years$85,975$77,712$70,165$63,290$57,039$46,232
11 years$77,362$69,182$61,772$55,081$49,055$38,794
12 years$70,191$62,094$54,821$48,313$42,510$32,782
13 years$64,127$56,115$48,979$42,653$37,070$27,860
14 years$58,934$51,007$44,008$37,863$32,495$23,788
15 years$54,437$46,596$39,733$33,767$28,611$20,391
16 years$50,506$42,751$36,024$30,235$25,287$17,536
17 years$47,042$39,372$32,781$27,166$22,421$15,122
18 years$43,965$36,381$29,924$24,482$19,936$13,071
19 years$41,216$33,718$27,394$22,121$17,769$11,321
20 years$38,745$31,332$25,141$20,035$15,872$9,821
21 years$36,512$29,185$23,125$18,183$14,203$8,533
22 years$34,485$27,243$21,313$16,533$12,731$7,423
23 years$32,637$25,480$19,679$15,057$11,428$6,464
24 years$30,945$23,873$18,200$13,733$10,272$5,635
25 years$29,391$22,404$16,857$12,541$9,243$4,916
26 years$27,959$21,056$15,634$11,467$8,326$4,291
27 years$26,635$19,816$14,517$10,496$7,507$3,748
28 years$25,408$18,672$13,496$9,617$6,773$3,276
29 years$24,268$17,615$12,559$8,819$6,116$2,864
30 years$23,205$16,636$11,698$8,093$5,526$2,506
31 years$22,214$15,726$10,906$7,433$4,996$2,193
32 years$21,286$14,880$10,175$6,831$4,520$1,919
33 years$20,416$14,092$9,501$6,282$4,090$1,680
34 years$19,599$13,356$8,877$5,780$3,703$1,472
35 years$18,830$12,668$8,299$5,321$3,354$1,289
36 years$18,106$12,024$7,764$4,900$3,039$1,129
37 years$17,422$11,420$7,267$4,515$2,754$989
38 years$16,776$10,853$6,805$4,162$2,497$867
39 years$16,165$10,320$6,376$3,837$2,264$760
40 years$15,586$9,819$5,976$3,539$2,054$666
41 years$15,036$9,346$5,603$3,265$1,863$584
42 years$14,514$8,901$5,256$3,014$1,691$512
43 years$14,017$8,481$4,932$2,782$1,535$449
44 years$13,545$8,084$4,630$2,569$1,393$394
45 years$13,095$7,709$4,347$2,372$1,264$345
46 years$12,665$7,354$4,083$2,191$1,148$303
47 years$12,255$7,018$3,836$2,024$1,043$265
48 years$11,863$6,700$3,605$1,871$947$233
49 years$11,489$6,398$3,388$1,729$860$204
50 years$11,130$6,111$3,185$1,598$781$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,400,000, adding $2,319 every year, while hoping to spend $38,122 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: 63/12/25 Blend
60$11,400,000$11,400,000$11,400,000$11,400,000
61$12,565,192$11,960,992$11,784,292$13,273,739
62$13,806,280$12,506,519$12,138,504$14,298,939
63$15,172,681$13,077,499$12,503,305$15,413,808
64$16,677,138$13,675,140$12,879,009$16,630,699
65$18,333,689$14,300,705$13,265,939$17,959,602
66$20,157,807$14,955,521$13,664,429$19,411,512
67$22,166,538$15,640,976$14,074,822$20,998,528
68$24,378,667$16,358,526$14,497,471$22,733,965
69$26,814,895$17,109,698$14,932,740$24,632,481
70$29,498,031$17,896,089$15,381,003$26,710,211
71$32,453,208$18,719,376$15,842,645$28,984,913
72$35,708,125$19,581,315$16,318,064$31,476,142
73$39,293,302$20,483,747$16,807,666$34,205,422
74$43,242,368$21,428,601$17,311,873$37,196,455
75$47,592,386$22,417,899$17,831,117$40,475,336
76$52,384,194$23,453,760$18,365,844$44,070,801
77$57,662,794$24,538,406$18,916,512$48,014,491
78$63,477,776$25,674,166$19,483,592$52,341,249
79$69,883,788$26,863,479$20,067,571$57,089,448
80$76,941,049$28,108,903$20,668,949$62,301,346
81$84,715,917$29,413,120$21,288,240$68,023,486
82$93,281,518$30,778,941$21,925,974$74,307,125
83$102,718,435$32,209,311$22,582,696$81,208,721
84$113,115,467$33,707,319$23,258,968$88,790,458
85$124,570,468$35,276,201$23,955,367$97,120,828
86$137,191,272$36,919,351$24,672,488$106,275,278
87$151,096,708$38,640,326$25,410,943$116,336,912
88$166,417,725$40,442,854$26,171,362$127,397,274
89$183,298,623$42,330,845$26,954,393$139,557,208
90$201,898,421$44,308,395$27,760,704$152,927,800
91$222,392,354$46,379,800$28,590,981$167,631,428
92$244,973,527$48,549,563$29,445,932$183,802,908
93$269,854,740$50,822,405$30,326,284$201,590,760
94$297,270,496$53,203,275$31,232,786$221,158,606
95$327,479,211$55,697,360$32,166,210$242,686,708
96$360,765,660$58,310,100$33,127,347$266,373,662
97$397,443,659$61,047,197$34,117,014$292,438,269
98$437,859,030$63,914,628$35,136,053$321,121,588
99$482,392,868$66,918,661$36,185,327$352,689,210
100$531,465,131$70,065,866$37,265,726$387,433,754