Can I retire at age 61 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$619,343$613,826$608,444$603,190$598,061$586,465
2 years$306,605$300,895$295,361$289,995$284,791$273,156
3 years$202,373$196,638$191,118$185,803$180,683$169,371
4 years$150,267$144,550$139,085$133,860$128,865$117,963
5 years$119,012$113,329$107,936$102,818$97,961$87,500
6 years$98,182$92,542$87,228$82,224$77,513$67,505
7 years$83,309$77,716$72,487$67,601$63,039$53,486
8 years$72,160$66,617$61,475$56,709$52,297$43,197
9 years$63,492$58,002$52,948$48,303$44,041$35,388
10 years$56,562$51,126$46,161$41,638$37,526$29,311
11 years$50,896$45,515$40,640$36,237$32,273$24,487
12 years$46,178$40,851$36,067$31,785$27,967$20,599
13 years$42,189$36,918$32,223$28,062$24,388$17,426
14 years$38,772$33,557$28,953$24,910$21,378$14,809
15 years$35,814$30,655$26,140$22,215$18,823$12,633
16 years$33,228$28,126$23,700$19,891$16,636$10,811
17 years$30,948$25,903$21,566$17,872$14,751$9,276
18 years$28,925$23,935$19,687$16,106$13,116$7,977
19 years$27,116$22,183$18,023$14,554$11,690$6,873
20 years$25,490$20,613$16,540$13,181$10,442$5,932
21 years$24,021$19,201$15,214$11,963$9,344$5,126
22 years$22,687$17,923$14,022$10,877$8,376$4,436
23 years$21,471$16,763$12,947$9,906$7,519$3,842
24 years$20,358$15,706$11,974$9,035$6,758$3,330
25 years$19,336$14,739$11,090$8,251$6,081$2,889
26 years$18,394$13,852$10,285$7,544$5,478$2,508
27 years$17,523$13,037$9,551$6,905$4,939$2,179
28 years$16,716$12,284$8,879$6,327$4,456$1,893
29 years$15,966$11,589$8,262$5,802$4,024$1,646
30 years$15,267$10,945$7,696$5,325$3,636$1,432
31 years$14,614$10,346$7,175$4,890$3,287$1,245
32 years$14,004$9,790$6,694$4,494$2,973$1,084
33 years$13,431$9,271$6,251$4,133$2,691$943
34 years$12,894$8,787$5,840$3,803$2,436$821
35 years$12,388$8,334$5,460$3,500$2,207$715
36 years$11,912$7,910$5,108$3,224$1,999$623
37 years$11,462$7,513$4,781$2,970$1,812$543
38 years$11,037$7,140$4,477$2,738$1,643$473
39 years$10,635$6,789$4,194$2,524$1,490$412
40 years$10,254$6,460$3,931$2,328$1,351$359
41 years$9,892$6,149$3,686$2,148$1,226$313
42 years$9,549$5,856$3,458$1,983$1,112$272
43 years$9,222$5,580$3,245$1,830$1,010$237
44 years$8,911$5,319$3,046$1,690$916$207
45 years$8,615$5,072$2,860$1,561$832$180
46 years$8,332$4,838$2,686$1,442$755$157
47 years$8,063$4,617$2,524$1,332$686$137
48 years$7,805$4,408$2,372$1,231$623$119
49 years$7,558$4,209$2,229$1,137$566$104
50 years$7,323$4,021$2,096$1,051$514$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $7,500,000, adding $6,578 every year, while hoping to spend $20,535 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: 69/8/23 Blend
60$7,500,000$7,500,000$7,500,000$7,500,000
61$8,271,785$7,874,285$7,758,035$8,794,077
62$9,093,658$8,238,276$7,996,080$9,508,492
63$9,998,674$8,619,414$8,241,412$10,287,006
64$10,995,292$9,018,518$8,494,252$11,138,466
65$12,092,832$9,436,446$8,754,830$12,070,087
66$13,301,566$9,874,097$9,023,381$13,089,810
67$14,632,811$10,332,414$9,300,151$14,206,378
68$16,099,040$10,812,384$9,585,388$15,429,416
69$17,713,996$11,315,045$9,879,352$16,769,524
70$19,492,821$11,841,480$10,182,308$18,238,370
71$21,452,205$12,392,828$10,494,532$19,848,805
72$23,610,536$12,970,283$10,816,305$21,614,979
73$25,988,079$13,575,095$11,147,919$23,552,474
74$28,607,163$14,208,574$11,489,673$25,678,450
75$31,492,394$14,872,095$11,841,879$28,011,808
76$34,670,889$15,567,099$12,204,853$30,573,362
77$38,172,529$16,295,096$12,578,924$33,386,038
78$42,030,239$17,057,668$12,964,430$36,475,086
79$46,280,306$17,856,476$13,361,721$39,868,318
80$50,962,714$18,693,259$13,771,155$43,596,370
81$56,121,524$19,569,843$14,193,102$47,692,987
82$61,805,292$20,488,138$14,627,944$52,195,339
83$68,067,525$21,450,149$15,076,073$57,144,375
84$74,967,185$22,457,979$15,537,894$62,585,202
85$82,569,249$23,513,832$16,013,825$68,567,509
86$90,945,319$24,620,016$16,504,295$75,146,039
87$100,174,300$25,778,955$17,009,746$82,381,096
88$110,343,142$26,993,187$17,530,636$90,339,119
89$121,547,664$28,265,375$18,067,435$99,093,302
90$133,893,458$29,598,310$18,620,626$108,724,283
91$147,496,882$30,994,919$19,190,708$119,320,905
92$162,486,164$32,458,270$19,778,197$130,981,047
93$179,002,608$33,991,581$20,383,621$143,812,551
94$197,201,928$35,598,223$21,007,528$157,934,233
95$217,255,723$37,281,734$21,650,478$173,477,003
96$239,353,090$39,045,821$22,313,051$190,585,095
97$263,702,412$40,894,374$22,995,846$209,417,428
98$290,533,327$42,831,467$23,699,476$230,149,104
99$320,098,894$44,861,377$24,424,576$252,973,052
100$352,677,980$46,988,583$25,171,798$278,101,849