Can I retire at age 61 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$949,659$941,200$932,947$924,892$917,026$905,943
2 years$470,128$461,373$452,887$444,660$436,679$425,525
3 years$310,306$301,512$293,048$284,898$277,047$266,169
4 years$230,410$221,643$213,264$205,253$197,592$187,073
5 years$182,485$173,771$165,501$157,654$150,207$140,078
6 years$150,546$141,897$133,750$126,077$118,853$109,127
7 years$127,741$119,165$111,147$103,655$96,660$87,340
8 years$110,645$102,146$94,261$86,953$80,188$71,274
9 years$97,355$88,937$81,187$74,065$67,530$59,018
10 years$86,729$78,393$70,781$63,845$57,539$49,422
11 years$78,041$69,789$62,314$55,564$49,486$41,758
12 years$70,806$62,639$55,302$48,737$42,883$35,536
13 years$64,689$56,607$49,409$43,028$37,395$30,418
14 years$59,451$51,454$44,394$38,195$32,780$26,165
15 years$54,914$47,005$40,082$34,063$28,862$22,597
16 years$50,949$43,126$36,340$30,500$25,509$19,582
17 years$47,454$39,717$33,068$27,404$22,618$17,019
18 years$44,351$36,701$30,187$24,697$20,111$14,828
19 years$41,578$34,014$27,635$22,315$17,925$12,946
20 years$39,085$31,607$25,362$20,211$16,011$11,323
21 years$36,832$29,441$23,328$18,343$14,328$9,920
22 years$34,787$27,482$21,500$16,678$12,843$8,702
23 years$32,923$25,703$19,852$15,189$11,529$7,643
24 years$31,216$24,082$18,359$13,853$10,362$6,719
25 years$29,649$22,600$17,005$12,651$9,324$5,913
26 years$28,204$21,240$15,771$11,568$8,399$5,207
27 years$26,869$19,990$14,645$10,588$7,572$4,589
28 years$25,631$18,836$13,614$9,701$6,833$4,046
29 years$24,481$17,770$12,669$8,896$6,170$3,570
30 years$23,409$16,782$11,801$8,164$5,575$3,151
31 years$22,408$15,864$11,002$7,498$5,040$2,782
32 years$21,472$15,011$10,265$6,891$4,559$2,458
33 years$20,595$14,215$9,584$6,337$4,126$2,172
34 years$19,771$13,473$8,955$5,831$3,736$1,919
35 years$18,995$12,779$8,372$5,367$3,384$1,697
36 years$18,265$12,129$7,832$4,943$3,066$1,501
37 years$17,575$11,520$7,331$4,555$2,779$1,327
38 years$16,923$10,948$6,865$4,198$2,519$1,174
39 years$16,307$10,410$6,432$3,871$2,284$1,039
40 years$15,722$9,905$6,028$3,570$2,072$919
41 years$15,168$9,428$5,653$3,294$1,880$813
42 years$14,641$8,979$5,302$3,040$1,706$720
43 years$14,140$8,555$4,976$2,806$1,548$637
44 years$13,664$8,155$4,670$2,591$1,405$564
45 years$13,209$7,777$4,385$2,393$1,276$499
46 years$12,776$7,419$4,119$2,210$1,158$442
47 years$12,363$7,080$3,870$2,042$1,052$391
48 years$11,967$6,758$3,636$1,887$955$346
49 years$11,590$6,454$3,418$1,744$867$307
50 years$11,228$6,165$3,213$1,612$788$272

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,500,000, adding $2,488 every year, while hoping to spend $29,186 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: 37/50/13 Blend
60$11,500,000$11,500,000$11,500,000$11,500,000
61$12,675,566$12,066,066$11,887,816$13,094,004
62$13,937,420$12,626,250$12,255,005$13,953,901
63$15,327,005$13,212,904$12,633,515$14,879,111
64$16,857,319$13,827,296$13,023,697$15,877,819
65$18,542,684$14,470,752$13,425,909$16,956,611
66$20,398,883$15,144,663$13,840,522$18,122,701
67$22,443,306$15,850,489$14,267,917$19,383,996
68$24,695,118$16,589,758$14,708,487$20,749,165
69$27,175,437$17,364,073$15,162,639$22,227,715
70$29,907,533$18,175,114$15,630,788$23,830,070
71$32,917,050$19,024,643$16,113,368$25,567,668
72$36,232,243$19,914,505$16,610,820$27,453,059
73$39,884,253$20,846,636$17,123,603$29,500,017
74$43,907,392$21,823,066$17,652,189$31,723,659
75$48,339,471$22,845,922$18,197,063$34,140,584
76$53,222,159$23,917,434$18,758,726$36,769,019
77$58,601,371$25,039,940$19,337,695$39,628,981
78$64,527,705$26,215,891$19,934,502$42,742,458
79$71,056,918$27,447,857$20,549,695$46,133,607
80$78,250,454$28,738,533$21,183,840$49,828,969
81$86,176,021$30,090,741$21,837,520$53,857,712
82$94,908,232$31,507,445$22,511,334$58,251,893
83$104,529,310$32,991,748$23,205,902$63,046,748
84$115,129,862$34,546,906$23,921,862$68,281,015
85$126,809,735$36,176,331$24,659,871$73,997,284
86$139,678,958$37,883,602$25,420,607$80,242,386
87$153,858,783$39,672,470$26,204,769$87,067,823
88$169,482,827$41,546,868$27,013,076$94,530,234
89$186,698,331$43,510,921$27,846,271$102,691,919
90$205,667,558$45,568,953$28,705,117$111,621,410
91$226,569,314$47,725,497$29,590,404$121,394,098
92$249,600,645$49,985,307$30,502,944$132,092,927
93$274,978,692$52,353,368$31,443,573$143,809,163
94$302,942,741$54,834,905$32,413,155$156,643,230
95$333,756,484$57,435,399$33,412,579$170,705,637
96$367,710,506$60,160,595$34,442,762$186,118,007
97$405,125,031$63,016,517$35,504,647$203,014,194
98$446,352,941$66,009,484$36,599,210$221,541,525
99$491,783,110$69,146,118$37,727,453$241,862,171
100$541,844,075$72,433,365$38,890,410$264,154,645