Can I retire at age 61 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$966,175$957,569$949,172$940,977$932,974$925,931
2 years$478,304$469,397$460,763$452,393$444,274$437,172
3 years$315,702$306,756$298,144$289,852$281,865$274,926
4 years$234,417$225,498$216,973$208,822$201,029$194,305
5 years$185,659$176,793$168,380$160,396$152,819$146,331
6 years$153,164$144,365$136,076$128,270$120,920$114,676
7 years$129,962$121,237$113,080$105,458$98,341$92,343
8 years$112,569$103,923$95,901$88,466$81,583$75,832
9 years$99,048$90,484$82,599$75,353$68,705$63,199
10 years$88,237$79,757$72,012$64,955$58,540$53,276
11 years$79,398$71,003$63,398$56,530$50,346$45,320
12 years$72,038$63,728$56,264$49,585$43,629$38,837
13 years$65,814$57,592$50,268$43,776$38,045$33,482
14 years$60,484$52,349$45,166$38,859$33,350$29,010
15 years$55,870$47,822$40,779$34,656$29,364$25,240
16 years$51,835$43,876$36,972$31,030$25,952$22,039
17 years$48,280$40,408$33,643$27,881$23,011$19,302
18 years$45,122$37,339$30,712$25,126$20,460$16,949
19 years$42,301$34,605$28,115$22,704$18,237$14,916
20 years$39,765$32,157$25,803$20,562$16,289$13,152
21 years$37,473$29,953$23,734$18,662$14,577$11,616
22 years$35,392$27,960$21,874$16,968$13,066$10,275
23 years$33,495$26,150$20,197$15,453$11,729$9,100
24 years$31,759$24,501$18,679$14,094$10,542$8,069
25 years$30,164$22,993$17,300$12,871$9,487$7,161
26 years$28,695$21,610$16,045$11,769$8,545$6,361
27 years$27,336$20,337$14,899$10,772$7,704$5,655
28 years$26,077$19,164$13,851$9,870$6,952$5,031
29 years$24,906$18,079$12,889$9,051$6,277$4,478
30 years$23,816$17,074$12,006$8,306$5,672$3,988
31 years$22,798$16,140$11,193$7,629$5,128$3,554
32 years$21,846$15,272$10,443$7,011$4,638$3,168
33 years$20,953$14,463$9,751$6,447$4,198$2,825
34 years$20,114$13,707$9,111$5,932$3,801$2,520
35 years$19,326$13,001$8,518$5,461$3,442$2,248
36 years$18,582$12,340$7,968$5,029$3,119$2,007
37 years$17,881$11,720$7,458$4,634$2,827$1,791
38 years$17,218$11,138$6,984$4,271$2,563$1,599
39 years$16,590$10,592$6,543$3,938$2,324$1,428
40 years$15,996$10,077$6,133$3,632$2,108$1,276
41 years$15,432$9,592$5,751$3,351$1,912$1,140
42 years$14,896$9,135$5,395$3,093$1,735$1,018
43 years$14,386$8,704$5,062$2,855$1,575$910
44 years$13,901$8,297$4,752$2,636$1,430$813
45 years$13,439$7,912$4,462$2,435$1,298$727
46 years$12,998$7,548$4,190$2,249$1,178$650
47 years$12,578$7,203$3,937$2,078$1,070$581
48 years$12,176$6,876$3,700$1,920$972$519
49 years$11,791$6,566$3,477$1,774$883$464
50 years$11,423$6,272$3,269$1,640$802$415

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,700,000, adding $4,305 every year, while hoping to spend $55,116 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: 38/46/16 Blend
60$11,700,000$11,700,000$11,700,000$11,700,000
61$12,897,841$12,277,741$12,096,391$13,325,564
62$14,154,777$12,820,707$12,442,977$14,175,438
63$15,538,074$13,388,431$12,799,326$15,087,707
64$17,060,562$13,982,069$13,165,708$16,072,429
65$18,736,378$14,602,829$13,542,398$17,136,156
66$20,581,101$15,251,979$13,929,680$18,286,069
67$22,611,893$15,930,846$14,327,844$19,530,044
68$24,847,669$16,640,821$14,737,190$20,876,722
69$27,309,270$17,383,359$15,158,024$22,335,584
70$30,019,658$18,159,987$15,590,661$23,917,034
71$33,004,139$18,972,301$16,035,423$25,632,493
72$36,290,594$19,821,978$16,492,643$27,494,500
73$39,909,749$20,710,769$16,962,662$29,516,825
74$43,895,460$21,640,513$17,445,827$31,714,589
75$48,285,033$22,613,134$17,942,498$34,104,404
76$53,119,577$23,630,649$18,453,043$36,704,518
77$58,444,394$24,695,171$18,977,840$39,534,983
78$64,309,401$25,808,912$19,517,276$42,617,835
79$70,769,604$26,974,193$20,071,749$45,977,294
80$77,885,618$28,193,443$20,641,667$49,639,983
81$85,724,237$29,469,208$21,227,449$53,635,171
82$94,359,066$30,804,156$21,829,525$57,995,039
83$103,871,212$32,201,081$22,448,335$62,754,973
84$114,350,054$33,662,912$23,084,333$67,953,889
85$125,894,083$35,192,718$23,737,982$73,634,591
86$138,611,833$36,793,715$24,409,758$79,844,157
87$152,622,905$38,469,272$25,100,150$86,634,379
88$168,059,096$40,222,921$25,809,659$94,062,236
89$185,065,640$42,058,361$26,538,800$102,190,416
90$203,802,585$43,979,470$27,288,099$111,087,899
91$224,446,295$45,990,311$28,058,097$120,830,591
92$247,191,124$48,095,142$28,849,349$131,502,025
93$272,251,240$50,298,426$29,662,425$143,194,135
94$299,862,658$52,604,840$30,497,907$156,008,106
95$330,285,456$55,019,284$31,356,394$170,055,315
96$363,806,239$57,546,896$32,238,500$185,458,359
97$400,740,840$60,193,058$33,144,854$202,352,200
98$441,437,300$62,963,413$34,076,101$220,885,412
99$486,279,158$65,863,873$35,032,903$241,221,569
100$535,689,065$68,900,636$36,015,939$263,540,765