Can I retire at age 61 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$644,117$638,379$632,782$627,318$621,983$618,063
2 years$318,870$312,931$307,176$301,595$296,182$292,228
3 years$210,468$204,504$198,763$193,235$187,910$184,045
4 years$156,278$150,332$144,648$139,215$134,019$130,272
5 years$123,772$117,862$112,253$106,930$101,879$98,261
6 years$102,109$96,243$90,717$85,513$80,614$77,129
7 years$86,641$80,825$75,386$70,305$65,560$62,211
8 years$75,046$69,282$63,934$58,977$54,389$51,175
9 years$66,032$60,322$55,066$50,235$45,803$42,724
10 years$58,825$53,171$48,008$43,303$39,027$36,081
11 years$52,932$47,335$42,265$37,687$33,564$30,750
12 years$48,025$42,486$37,509$33,057$29,086$26,400
13 years$43,876$38,395$33,512$29,184$25,364$22,804
14 years$40,323$34,900$30,111$25,906$22,234$19,797
15 years$37,246$31,881$27,186$23,104$19,576$17,259
16 years$34,557$29,251$24,648$20,687$17,301$15,101
17 years$32,186$26,939$22,429$18,587$15,341$13,253
18 years$30,082$24,893$20,475$16,751$13,640$11,662
19 years$28,201$23,070$18,744$15,136$12,158$10,285
20 years$26,510$21,438$17,202$13,708$10,860$9,088
21 years$24,982$19,969$15,822$12,441$9,718$8,045
22 years$23,595$18,640$14,583$11,312$8,711$7,132
23 years$22,330$17,434$13,465$10,302$7,819$6,331
24 years$21,173$16,334$12,453$9,396$7,028$5,626
25 years$20,110$15,329$11,534$8,581$6,324$5,005
26 years$19,130$14,407$10,697$7,846$5,697$4,457
27 years$18,224$13,558$9,933$7,182$5,136$3,971
28 years$17,384$12,776$9,234$6,580$4,634$3,541
29 years$16,604$12,053$8,593$6,034$4,185$3,160
30 years$15,877$11,382$8,004$5,538$3,781$2,821
31 years$15,199$10,760$7,462$5,086$3,419$2,520
32 years$14,564$10,181$6,962$4,674$3,092$2,252
33 years$13,969$9,642$6,501$4,298$2,799$2,013
34 years$13,410$9,138$6,074$3,955$2,534$1,800
35 years$12,884$8,667$5,678$3,640$2,295$1,610
36 years$12,388$8,227$5,312$3,353$2,079$1,441
37 years$11,921$7,813$4,972$3,089$1,885$1,289
38 years$11,479$7,426$4,656$2,847$1,709$1,154
39 years$11,060$7,061$4,362$2,625$1,549$1,033
40 years$10,664$6,718$4,089$2,422$1,405$925
41 years$10,288$6,395$3,834$2,234$1,275$829
42 years$9,931$6,090$3,596$2,062$1,157$743
43 years$9,591$5,803$3,375$1,903$1,050$665
44 years$9,268$5,531$3,168$1,757$953$596
45 years$8,959$5,275$2,974$1,623$865$534
46 years$8,666$5,032$2,794$1,499$786$479
47 years$8,385$4,802$2,625$1,385$713$429
48 years$8,117$4,584$2,466$1,280$648$384
49 years$7,861$4,377$2,318$1,183$588$345
50 years$7,616$4,182$2,179$1,093$534$309

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $7,800,000, adding $3,452 every year, while hoping to spend $37,625 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: 29/45/26 Blend
60$7,800,000$7,800,000$7,800,000$7,800,000
61$8,599,161$8,185,761$8,064,861$8,779,102
62$9,436,242$8,546,830$8,295,001$9,281,531
63$10,357,445$8,924,331$8,531,590$9,817,778
64$11,371,310$9,319,029$8,774,803$10,393,539
65$12,487,248$9,731,725$9,024,823$11,012,247
66$13,715,627$10,163,260$9,281,834$11,677,663
67$15,067,873$10,614,511$9,546,028$12,393,905
68$16,556,576$11,086,402$9,817,600$13,165,483
69$18,195,607$11,579,897$10,096,750$13,997,341
70$20,000,253$12,096,005$10,383,685$14,894,896
71$21,987,357$12,635,787$10,678,616$15,864,087
72$24,175,478$13,200,352$10,981,761$16,911,428
73$26,585,068$13,790,860$11,293,341$18,044,063
74$29,238,662$14,408,530$11,613,585$19,269,829
75$32,161,093$15,054,636$11,942,728$20,597,328
76$35,379,725$15,730,513$12,281,010$22,036,001
77$38,924,711$16,437,562$12,628,678$23,596,209
78$42,829,278$17,177,249$12,985,985$25,289,332
79$47,130,039$17,951,109$13,353,190$27,127,867
80$51,867,341$18,760,751$13,730,560$29,125,538
81$57,085,644$19,607,862$14,118,368$31,297,423
82$62,833,941$20,494,209$14,516,894$33,660,088
83$69,166,219$21,421,641$14,926,427$36,231,739
84$76,141,971$22,392,099$15,347,260$39,032,383
85$83,826,755$23,407,615$15,779,695$42,084,011
86$92,292,813$24,470,318$16,224,045$45,410,799
87$101,619,755$25,582,438$16,680,625$49,039,327
88$111,895,307$26,746,314$17,149,762$52,998,823
89$123,216,140$27,964,396$17,631,792$57,321,426
90$135,688,785$29,239,250$18,127,056$62,042,488
91$149,430,635$30,573,567$18,635,906$67,200,887
92$164,571,054$31,970,166$19,158,703$72,839,394
93$181,252,598$33,432,000$19,695,816$79,005,061
94$199,632,361$34,962,167$20,247,624$85,749,657
95$219,883,458$36,563,909$20,814,515$93,130,139
96$242,196,658$38,240,628$21,396,889$101,209,188
97$266,782,185$39,995,886$21,995,152$110,055,778
98$293,871,701$41,833,418$22,609,723$119,745,819
99$323,720,497$43,757,137$23,241,031$130,362,860
100$356,609,897$45,771,146$23,889,515$141,998,862