Can I retire at age 61 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$957,917$949,385$941,060$932,934$925,000$904,845
2 years$474,216$465,385$456,825$448,526$440,476$420,272
3 years$313,004$304,134$295,596$287,375$279,456$259,833
4 years$232,413$223,571$215,118$207,038$199,311$180,420
5 years$184,072$175,282$166,941$159,025$151,513$133,408
6 years$151,855$143,131$134,913$127,173$119,887$102,587
7 years$128,851$120,201$112,113$104,556$97,500$81,008
8 years$111,607$103,035$95,081$87,710$80,886$65,196
9 years$98,201$89,710$81,893$74,709$68,118$53,219
10 years$87,483$79,075$71,396$64,400$58,040$43,917
11 years$78,720$70,396$62,856$56,047$49,916$36,551
12 years$71,422$63,184$55,783$49,161$43,256$30,628
13 years$65,252$57,100$49,839$43,402$37,720$25,806
14 years$59,968$51,902$44,780$38,527$33,065$21,841
15 years$55,392$47,413$40,431$34,360$29,113$18,554
16 years$51,392$43,501$36,656$30,765$25,730$15,811
17 years$47,867$40,063$33,356$27,642$22,814$13,508
18 years$44,737$37,020$30,449$24,911$20,285$11,566
19 years$41,939$34,309$27,875$22,509$18,081$9,921
20 years$39,425$31,882$25,582$20,387$16,150$8,524
21 years$37,153$29,697$23,531$18,502$14,453$7,333
22 years$35,090$27,721$21,687$16,823$12,955$6,315
23 years$33,209$25,927$20,024$15,321$11,629$5,444
24 years$31,488$24,292$18,519$13,973$10,452$4,697
25 years$29,907$22,797$17,152$12,761$9,405$4,056
26 years$28,449$21,425$15,908$11,668$8,472$3,504
27 years$27,102$20,164$14,772$10,680$7,638$3,029
28 years$25,854$19,000$13,732$9,785$6,892$2,619
29 years$24,694$17,924$12,779$8,973$6,223$2,266
30 years$23,613$16,928$11,903$8,235$5,623$1,961
31 years$22,603$16,002$11,097$7,564$5,084$1,698
32 years$21,659$15,141$10,354$6,951$4,599$1,470
33 years$20,774$14,339$9,667$6,392$4,162$1,273
34 years$19,943$13,590$9,033$5,881$3,768$1,103
35 years$19,160$12,890$8,445$5,414$3,413$955
36 years$18,423$12,235$7,900$4,986$3,092$828
37 years$17,728$11,620$7,394$4,594$2,803$718
38 years$17,071$11,043$6,924$4,235$2,541$622
39 years$16,449$10,501$6,487$3,904$2,304$539
40 years$15,859$9,991$6,081$3,601$2,090$467
41 years$15,300$9,510$5,702$3,323$1,896$405
42 years$14,768$9,057$5,348$3,066$1,720$351
43 years$14,263$8,630$5,019$2,831$1,561$304
44 years$13,782$8,226$4,711$2,614$1,417$264
45 years$13,324$7,844$4,423$2,414$1,287$229
46 years$12,887$7,483$4,155$2,230$1,168$198
47 years$12,470$7,141$3,903$2,060$1,061$172
48 years$12,072$6,817$3,668$1,903$963$149
49 years$11,690$6,510$3,448$1,759$875$129
50 years$11,326$6,219$3,241$1,626$795$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,600,000, adding $3,530 every year, while hoping to spend $21,916 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: 44/31/25 Blend
60$11,600,000$11,600,000$11,600,000$11,600,000
61$12,786,841$12,172,041$11,992,241$13,256,556
62$14,067,781$12,745,153$12,370,663$14,163,648
63$15,478,641$13,345,612$12,761,027$15,143,920
64$17,032,652$13,974,737$13,163,711$16,206,109
65$18,744,390$14,633,907$13,579,103$17,357,832
66$20,629,920$15,324,570$14,007,605$18,607,454
67$22,706,942$16,048,244$14,449,629$19,964,157
68$24,994,962$16,806,520$14,905,604$21,438,027
69$27,515,476$17,601,067$15,375,970$23,040,144
70$30,292,169$18,433,634$15,861,180$24,782,678
71$33,351,144$19,306,056$16,361,703$26,679,004
72$36,721,163$20,220,255$16,878,022$28,743,818
73$40,433,923$21,178,249$17,410,637$30,993,274
74$44,524,351$22,182,151$17,960,061$33,445,127
75$49,030,937$23,234,178$18,526,825$36,118,900
76$53,996,095$24,336,656$19,111,477$39,036,055
77$59,466,566$25,492,021$19,714,580$42,220,195
78$65,493,855$26,702,829$20,336,718$45,697,274
79$72,134,720$27,971,760$20,978,491$49,495,842
80$79,451,710$29,301,625$21,640,518$53,647,299
81$87,513,749$30,695,369$22,323,440$58,186,190
82$96,396,792$32,156,082$23,027,916$63,150,519
83$106,184,540$33,687,005$23,754,626$68,582,099
84$116,969,229$35,291,534$24,504,272$74,526,942
85$128,852,502$36,973,232$25,277,577$81,035,678
86$141,946,371$38,735,834$26,075,290$88,164,025
87$156,374,268$40,583,257$26,898,179$95,973,307
88$172,272,216$42,519,609$27,747,041$104,531,020
89$189,790,110$44,549,197$28,622,694$113,911,458
90$209,093,131$46,676,538$29,525,984$124,196,401
91$230,363,310$48,906,369$30,457,785$135,475,877
92$253,801,242$51,243,655$31,418,995$147,849,000
93$279,627,981$53,693,606$32,410,543$161,424,887
94$308,087,125$56,261,683$33,433,387$176,323,679
95$339,447,121$58,953,614$34,488,514$192,677,657
96$374,003,792$61,775,407$35,576,944$210,632,478
97$412,083,136$64,733,358$36,699,728$230,348,529
98$454,044,397$67,834,074$37,857,951$252,002,432
99$500,283,464$71,084,482$39,052,730$275,788,686
100$551,236,601$74,491,846$40,285,221$301,921,487