Can I retire at age 61 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$982,691$973,938$965,398$957,062$948,923$915,618
2 years$486,481$477,420$468,640$460,126$451,868$418,664
3 years$321,099$311,999$303,241$294,807$286,684$254,624
4 years$238,424$229,353$220,682$212,392$204,465$173,794
5 years$188,832$179,815$171,258$163,137$155,431$126,229
6 years$155,782$146,833$138,402$130,462$122,987$95,277
7 years$132,184$123,310$115,013$107,260$100,022$73,798
8 years$114,493$105,699$97,540$89,978$82,978$58,219
9 years$100,741$92,030$84,011$76,641$69,879$46,553
10 years$89,746$81,120$73,243$66,065$59,541$37,608
11 years$80,756$72,217$64,482$57,497$51,207$30,624
12 years$73,269$64,818$57,226$50,432$44,375$25,092
13 years$66,939$58,576$51,128$44,524$38,696$20,662
14 years$61,518$53,244$45,938$39,524$33,920$17,082
15 years$56,825$48,640$41,476$35,248$29,866$14,168
16 years$52,721$44,626$37,604$31,561$26,396$11,783
17 years$49,105$41,099$34,218$28,357$23,404$9,820
18 years$45,894$37,977$31,237$25,556$20,810$8,199
19 years$43,024$35,197$28,596$23,092$18,548$6,856
20 years$40,444$32,707$26,244$20,914$16,568$5,739
21 years$38,113$30,465$24,139$18,981$14,826$4,810
22 years$35,997$28,438$22,248$17,258$13,290$4,034
23 years$34,068$26,597$20,542$15,717$11,930$3,386
24 years$32,302$24,920$18,998$14,335$10,723$2,844
25 years$30,680$23,386$17,596$13,091$9,649$2,390
26 years$29,185$21,979$16,319$11,970$8,691$2,009
27 years$27,803$20,685$15,154$10,957$7,836$1,689
28 years$26,523$19,491$14,088$10,039$7,070$1,421
29 years$25,332$18,388$13,110$9,206$6,384$1,195
30 years$24,223$17,365$12,211$8,448$5,769$1,006
31 years$23,188$16,416$11,384$7,759$5,215$847
32 years$22,219$15,533$10,622$7,131$4,718$713
33 years$21,311$14,710$9,917$6,557$4,270$600
34 years$20,458$13,942$9,266$6,033$3,866$505
35 years$19,656$13,223$8,663$5,554$3,501$425
36 years$18,900$12,551$8,104$5,115$3,172$358
37 years$18,186$11,921$7,586$4,713$2,875$302
38 years$17,512$11,329$7,104$4,344$2,607$254
39 years$16,874$10,773$6,655$4,005$2,364$214
40 years$16,269$10,249$6,238$3,694$2,144$180
41 years$15,695$9,756$5,849$3,409$1,945$152
42 years$15,150$9,292$5,487$3,146$1,765$128
43 years$14,632$8,853$5,149$2,904$1,602$108
44 years$14,139$8,439$4,833$2,681$1,454$91
45 years$13,669$8,047$4,538$2,476$1,320$76
46 years$13,221$7,677$4,262$2,287$1,198$64
47 years$12,793$7,326$4,004$2,113$1,088$54
48 years$12,384$6,994$3,763$1,953$988$46
49 years$11,993$6,678$3,537$1,805$898$39
50 years$11,619$6,379$3,325$1,668$815$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $11,900,000, adding $3,136 every year, while hoping to spend $23,648 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: 44/40/16 Blend
60$11,900,000$11,900,000$11,900,000$11,900,000
61$13,117,035$12,486,335$12,301,885$13,633,468
62$14,429,811$13,073,004$12,688,837$14,582,143
63$15,875,698$13,687,627$13,087,959$15,607,174
64$17,468,248$14,331,550$13,499,634$16,717,691
65$19,222,394$15,006,181$13,924,257$17,921,592
66$21,154,594$15,712,999$14,362,235$19,227,542
67$23,282,981$16,453,554$14,813,988$20,645,056
68$25,627,537$17,229,471$15,279,949$22,184,575
69$28,210,284$18,042,453$15,760,566$23,857,566
70$31,055,486$18,894,286$16,256,298$25,676,620
71$34,189,883$19,786,844$16,767,621$27,655,567
72$37,642,941$20,722,089$17,295,026$29,809,599
73$41,447,130$21,702,080$17,839,018$32,155,409
74$45,638,231$22,728,976$18,400,119$34,711,337
75$50,255,675$23,805,040$18,978,868$37,497,542
76$55,342,911$24,932,645$19,575,818$40,536,179
77$60,947,823$26,114,279$20,191,542$43,851,603
78$67,123,173$27,352,551$20,826,631$47,470,592
79$73,927,107$28,650,196$21,481,694$51,422,588
80$81,423,700$30,010,084$22,157,358$55,739,966
81$89,683,560$31,435,220$22,854,272$60,458,333
82$98,784,497$32,928,760$23,573,104$65,616,851
83$108,812,256$34,494,009$24,314,543$71,258,596
84$119,861,325$36,134,436$25,079,300$77,430,958
85$132,035,832$37,853,675$25,868,109$84,186,073
86$145,450,522$39,655,539$26,681,724$91,581,302
87$160,231,841$41,544,027$27,520,928$99,679,765
88$176,519,134$43,523,329$28,386,524$108,550,918
89$194,465,955$45,597,842$29,279,343$118,271,198
90$214,241,521$47,772,175$30,200,239$128,924,732
91$236,032,306$50,051,161$31,150,097$140,604,111
92$260,043,803$52,439,869$32,129,827$153,411,252
93$286,502,463$54,943,615$33,140,368$167,458,342
94$315,657,833$57,567,971$34,182,689$182,868,881
95$347,784,913$60,318,782$35,257,790$199,778,828
96$383,186,749$63,202,178$36,366,701$218,337,866
97$422,197,297$66,224,585$37,510,486$238,710,798
98$465,184,575$69,392,743$38,690,240$261,079,077
99$512,554,134$72,713,720$39,907,096$285,642,499
100$564,752,891$76,194,928$41,162,219$312,621,069