Can I retire at age 61 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$974,433$965,753$957,285$949,019$940,949$917,085
2 years$482,393$473,408$464,701$456,259$448,071$424,184
3 years$318,401$309,378$300,693$292,330$284,274$261,111
4 years$236,421$227,425$218,827$210,607$202,747$180,485
5 years$187,245$178,304$169,819$161,766$154,125$132,826
6 years$154,473$145,599$137,239$129,366$121,954$101,640
7 years$131,073$122,274$114,046$106,359$99,181$79,853
8 years$113,531$104,811$96,720$89,222$82,280$63,930
9 years$99,894$91,257$83,305$75,997$69,292$51,904
10 years$88,992$80,438$72,627$65,510$59,040$42,593
11 years$80,077$71,610$63,940$57,014$50,777$35,246
12 years$72,653$64,273$56,745$50,009$44,002$29,361
13 years$66,377$58,084$50,698$44,150$38,370$24,590
14 years$61,001$52,797$45,552$39,192$33,635$20,685
15 years$56,347$48,231$41,128$34,952$29,615$17,462
16 years$52,278$44,251$37,288$31,296$26,174$14,785
17 years$48,692$40,753$33,931$28,119$23,208$12,550
18 years$45,508$37,658$30,974$25,341$20,635$10,675
19 years$42,662$34,901$28,356$22,898$18,393$9,095
20 years$40,104$32,432$26,023$20,738$16,429$7,761
21 years$37,793$30,209$23,936$18,821$14,702$6,631
22 years$35,695$28,199$22,061$17,113$13,178$5,671
23 years$33,782$26,374$20,370$15,585$11,829$4,855
24 years$32,031$24,711$18,838$14,214$10,633$4,159
25 years$30,422$23,190$17,448$12,981$9,568$3,565
26 years$28,940$21,795$16,182$11,870$8,618$3,058
27 years$27,570$20,511$15,027$10,864$7,770$2,624
28 years$26,300$19,328$13,969$9,954$7,011$2,253
29 years$25,119$18,233$13,000$9,128$6,331$1,934
30 years$24,020$17,219$12,109$8,377$5,720$1,662
31 years$22,993$16,278$11,289$7,694$5,172$1,428
32 years$22,033$15,402$10,532$7,071$4,678$1,227
33 years$21,132$14,586$9,834$6,502$4,234$1,055
34 years$20,286$13,825$9,188$5,983$3,833$907
35 years$19,491$13,112$8,591$5,507$3,472$780
36 years$18,741$12,446$8,036$5,072$3,146$671
37 years$18,034$11,820$7,522$4,673$2,851$577
38 years$17,365$11,234$7,044$4,308$2,585$496
39 years$16,732$10,682$6,599$3,972$2,344$427
40 years$16,132$10,163$6,186$3,663$2,126$367
41 years$15,564$9,674$5,800$3,380$1,929$316
42 years$15,023$9,213$5,441$3,119$1,750$272
43 years$14,509$8,779$5,105$2,879$1,588$234
44 years$14,020$8,368$4,792$2,659$1,442$201
45 years$13,554$7,979$4,500$2,455$1,309$173
46 years$13,109$7,612$4,226$2,268$1,188$149
47 years$12,685$7,264$3,971$2,095$1,079$128
48 years$12,280$6,935$3,731$1,936$980$110
49 years$11,892$6,622$3,507$1,789$890$95
50 years$11,521$6,326$3,297$1,654$808$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,800,000, adding $3,267 every year, while hoping to spend $55,239 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: 25/48/27 Blend
60$11,800,000$11,800,000$11,800,000$11,800,000
61$13,006,970$12,381,570$12,198,670$13,221,570
62$14,274,907$12,929,493$12,548,551$13,948,018
63$15,670,322$13,502,413$12,908,303$14,721,426
64$17,206,160$14,101,496$13,278,196$15,549,528
65$18,896,684$14,727,965$13,658,511$16,436,946
66$20,757,609$15,383,098$14,049,534$17,388,735
67$22,806,252$16,068,237$14,451,561$18,410,422
68$25,061,695$16,784,787$14,864,894$19,508,058
69$27,544,964$17,534,217$15,289,843$20,688,261
70$30,279,225$18,318,068$15,726,728$21,958,279
71$33,290,009$19,137,956$16,175,876$23,326,050
72$36,605,445$19,995,571$16,637,623$24,800,269
73$40,256,530$20,892,684$17,112,313$26,390,464
74$44,277,423$21,831,152$17,600,302$28,107,079
75$48,705,760$22,812,919$18,101,952$29,961,565
76$53,583,017$23,840,021$18,617,637$31,966,476
77$58,954,896$24,914,594$19,147,740$34,135,585
78$64,871,759$26,038,872$19,692,652$36,484,004
79$71,389,101$27,215,200$20,252,779$39,028,313
80$78,568,075$28,446,030$20,828,533$41,786,712
81$86,476,069$29,733,936$21,420,339$44,779,179
82$95,187,341$31,081,612$22,028,633$48,027,651
83$104,783,720$32,491,881$22,653,863$51,556,220
84$115,355,379$33,967,703$23,296,486$55,391,344
85$127,001,684$35,512,177$23,956,975$59,562,094
86$139,832,134$37,128,551$24,635,812$64,100,405
87$153,967,393$38,820,232$25,333,493$69,041,375
88$169,540,428$40,590,784$26,050,526$74,423,572
89$186,697,766$42,443,947$26,787,433$80,289,394
90$205,600,876$44,383,637$27,544,749$86,685,448
91$226,427,690$46,413,961$28,323,024$93,662,973
92$249,374,289$48,539,219$29,122,819$101,278,315
93$274,656,746$50,763,921$29,944,714$109,593,432
94$302,513,172$53,092,791$30,789,299$118,676,468
95$333,205,959$55,530,781$31,657,184$128,602,376
96$367,024,258$58,083,080$32,548,991$139,453,605
97$404,286,709$60,755,128$33,465,358$151,320,856
98$445,344,448$63,552,624$34,406,943$164,303,921
99$490,584,422$66,481,543$35,374,416$178,512,600
100$540,433,042$69,548,147$36,368,467$194,067,715