Can I retire at age 61 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$677,148$671,117$665,232$659,488$653,880$644,907
2 years$335,222$328,979$322,928$317,062$311,371$302,347
3 years$221,261$214,991$208,956$203,144$197,547$188,752
4 years$164,292$158,041$152,066$146,354$140,892$132,394
5 years$130,120$123,906$118,010$112,414$107,104$98,928
6 years$107,345$101,179$95,369$89,898$84,748$76,903
7 years$91,085$84,970$79,252$73,910$68,922$61,412
8 years$78,894$72,835$67,212$62,002$57,178$50,001
9 years$69,418$63,416$57,890$52,812$48,152$41,305
10 years$61,842$55,898$50,470$45,524$41,028$34,505
11 years$55,647$49,763$44,433$39,620$35,285$29,082
12 years$50,488$44,664$39,433$34,752$30,578$24,685
13 years$46,126$40,363$35,231$30,681$26,664$21,076
14 years$42,391$36,689$31,655$27,235$23,374$18,080
15 years$39,156$33,516$28,580$24,289$20,580$15,572
16 years$36,329$30,751$25,912$21,748$18,189$13,458
17 years$33,837$28,320$23,579$19,540$16,127$11,663
18 years$31,624$26,169$21,525$17,610$14,340$10,132
19 years$29,647$24,253$19,705$15,912$12,781$8,820
20 years$27,869$22,537$18,084$14,411$11,416$7,692
21 years$26,263$20,993$16,634$13,079$10,216$6,718
22 years$24,805$19,596$15,331$11,892$9,158$5,876
23 years$23,475$18,328$14,155$10,830$8,220$5,145
24 years$22,259$17,172$13,091$9,878$7,389$4,509
25 years$21,141$16,115$12,125$9,021$6,649$3,955
26 years$20,111$15,145$11,245$8,248$5,989$3,472
27 years$19,159$14,254$10,442$7,550$5,400$3,050
28 years$18,276$13,431$9,707$6,917$4,872$2,681
29 years$17,456$12,671$9,034$6,343$4,399$2,358
30 years$16,692$11,966$8,414$5,822$3,975$2,074
31 years$15,978$11,312$7,845$5,347$3,594$1,825
32 years$15,311$10,703$7,319$4,914$3,251$1,607
33 years$14,685$10,136$6,834$4,519$2,942$1,415
34 years$14,097$9,607$6,385$4,157$2,664$1,247
35 years$13,544$9,112$5,970$3,827$2,413$1,099
36 years$13,023$8,649$5,585$3,525$2,186$968
37 years$12,532$8,214$5,227$3,248$1,981$853
38 years$12,067$7,806$4,895$2,993$1,796$752
39 years$11,627$7,423$4,586$2,760$1,629$663
40 years$11,211$7,062$4,298$2,546$1,477$585
41 years$10,815$6,723$4,031$2,349$1,340$516
42 years$10,440$6,403$3,781$2,168$1,216$455
43 years$10,083$6,100$3,548$2,001$1,104$401
44 years$9,743$5,815$3,330$1,848$1,002$354
45 years$9,419$5,545$3,127$1,706$910$312
46 years$9,110$5,290$2,937$1,576$826$276
47 years$8,815$5,048$2,759$1,456$750$243
48 years$8,533$4,819$2,593$1,346$681$214
49 years$8,264$4,602$2,437$1,244$619$189
50 years$8,006$4,396$2,291$1,149$562$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,200,000, adding $3,552 every year, while hoping to spend $26,987 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: 55/30/15 Blend
60$8,200,000$8,200,000$8,200,000$8,200,000
61$9,040,064$8,605,464$8,478,364$9,501,403
62$9,933,436$8,998,418$8,733,675$10,208,573
63$10,917,029$9,409,722$8,996,635$10,975,000
64$12,000,014$9,840,247$9,267,471$11,808,940
65$13,192,502$10,290,905$9,546,417$12,716,846
66$14,505,630$10,762,653$9,833,716$13,705,806
67$15,951,674$11,256,492$10,129,615$14,783,614
68$17,544,158$11,773,474$10,434,370$15,958,837
69$19,297,986$12,314,698$10,748,245$17,240,897
70$21,229,581$12,881,318$11,071,512$18,640,151
71$23,357,039$13,474,544$11,404,448$20,167,993
72$25,700,302$14,095,641$11,747,342$21,836,952
73$28,281,345$14,745,940$12,100,490$23,660,811
74$31,124,382$15,426,830$12,464,196$25,654,732
75$34,256,096$16,139,772$12,838,774$27,835,395
76$37,705,891$16,886,295$13,224,546$30,221,154
77$41,506,169$17,668,000$13,621,846$32,832,203
78$45,692,636$18,486,569$14,031,015$35,690,764
79$50,304,636$19,343,763$14,452,405$38,821,295
80$55,385,528$20,241,426$14,886,380$42,250,711
81$60,983,090$21,181,494$15,333,312$46,008,639
82$67,149,973$22,165,995$15,793,586$50,127,687
83$73,944,196$23,197,055$16,267,597$54,643,751
84$81,429,695$24,276,902$16,755,752$59,596,347
85$89,676,926$25,407,872$17,258,472$65,028,980
86$98,763,528$26,592,413$17,776,186$70,989,543
87$108,775,060$27,833,093$18,309,340$77,530,771
88$119,805,804$29,132,603$18,858,391$84,710,726
89$131,959,658$30,493,762$19,423,809$92,593,342
90$145,351,115$31,919,529$20,006,079$101,249,018
91$160,106,346$33,413,003$20,605,700$110,755,279
92$176,364,387$34,977,434$21,223,184$121,197,498
93$194,278,454$36,616,228$21,859,061$132,669,694
94$214,017,391$38,332,957$22,513,874$145,275,410
95$235,767,259$40,131,367$23,188,183$159,128,684
96$259,733,097$42,015,381$23,882,565$174,355,115
97$286,140,854$43,989,116$24,597,611$191,093,038
98$315,239,524$46,056,885$25,333,934$209,494,820
99$347,303,496$48,223,213$26,092,162$229,728,290
100$382,635,143$50,492,841$26,872,940$251,978,310