Can I retire at age 61 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$701,922$695,670$689,570$683,616$677,802$651,681
2 years$347,486$341,015$334,743$328,661$322,763$296,758
3 years$229,356$222,857$216,601$210,577$204,774$179,704
4 years$170,303$163,823$157,630$151,709$146,047$122,102
5 years$134,880$128,439$122,327$116,527$111,022$88,264
6 years$111,273$104,880$98,859$93,187$87,848$66,292
7 years$94,417$88,078$82,152$76,614$71,444$51,084
8 years$81,781$75,500$69,671$64,270$59,270$40,085
9 years$71,958$65,736$60,008$54,744$49,914$31,876
10 years$64,104$57,943$52,316$47,190$42,529$25,605
11 years$57,683$51,583$46,058$41,069$36,576$20,728
12 years$52,335$46,298$40,876$36,023$31,696$16,882
13 years$47,814$41,840$36,520$31,803$27,640$13,816
14 years$43,942$38,032$32,813$28,231$24,229$11,351
15 years$40,589$34,743$29,626$25,177$21,333$9,354
16 years$37,658$31,876$26,860$22,544$18,854$7,729
17 years$35,075$29,356$24,442$20,255$16,717$6,399
18 years$32,781$27,126$22,312$18,254$14,864$5,307
19 years$30,731$25,141$20,426$16,494$13,249$4,407
20 years$28,889$23,362$18,746$14,939$11,834$3,664
21 years$27,224$21,761$17,242$13,558$10,590$3,049
22 years$25,712$20,313$15,892$12,327$9,493$2,540
23 years$24,334$18,998$14,673$11,226$8,521$2,116
24 years$23,073$17,800$13,570$10,239$7,659$1,765
25 years$21,914$16,704$12,569$9,351$6,892$1,472
26 years$20,847$15,699$11,657$8,550$6,208$1,229
27 years$19,860$14,775$10,824$7,826$5,597$1,026
28 years$18,945$13,922$10,063$7,170$5,050$856
29 years$18,094$13,134$9,364$6,575$4,560$715
30 years$17,302$12,404$8,722$6,035$4,121$598
31 years$16,563$11,726$8,132$5,542$3,725$499
32 years$15,871$11,095$7,587$5,093$3,370$417
33 years$15,222$10,507$7,084$4,684$3,050$349
34 years$14,613$9,958$6,619$4,310$2,761$291
35 years$14,040$9,445$6,188$3,967$2,501$244
36 years$13,500$8,965$5,789$3,654$2,266$204
37 years$12,990$8,515$5,418$3,366$2,054$170
38 years$12,509$8,092$5,074$3,103$1,862$142
39 years$12,053$7,695$4,754$2,861$1,688$119
40 years$11,621$7,321$4,456$2,639$1,531$99
41 years$11,211$6,969$4,178$2,435$1,389$83
42 years$10,822$6,637$3,919$2,247$1,261$69
43 years$10,452$6,324$3,678$2,074$1,144$58
44 years$10,099$6,028$3,452$1,915$1,039$49
45 years$9,763$5,748$3,241$1,769$943$41
46 years$9,443$5,483$3,044$1,634$856$34
47 years$9,138$5,233$2,860$1,509$777$28
48 years$8,846$4,995$2,688$1,395$706$24
49 years$8,566$4,770$2,526$1,289$641$20
50 years$8,299$4,557$2,375$1,191$582$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,500,000, adding $2,368 every year, while hoping to spend $52,088 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: 70/23/7 Blend
60$8,500,000$8,500,000$8,500,000$8,500,000
61$9,369,443$8,918,943$8,787,193$10,014,963
62$10,269,705$9,300,550$9,026,142$10,823,702
63$11,260,047$9,699,109$9,271,351$11,701,701
64$12,349,604$10,115,398$9,522,974$12,660,980
65$13,548,439$10,550,227$9,781,168$13,709,509
66$14,867,638$11,004,447$10,046,096$14,856,058
67$16,319,420$11,478,948$10,317,922$16,110,278
68$17,917,245$11,974,660$10,596,817$17,482,791
69$19,675,944$12,492,559$10,882,951$18,985,284
70$21,611,863$13,033,666$11,176,502$20,630,626
71$23,743,007$13,599,051$11,477,649$22,432,978
72$26,089,221$14,189,831$11,786,577$24,407,930
73$28,672,367$14,807,179$12,103,474$26,572,645
74$31,516,539$15,452,321$12,428,531$28,946,018
75$34,648,284$16,126,542$12,761,944$31,548,851
76$38,096,854$16,831,188$13,103,914$34,404,050
77$41,894,483$17,567,666$13,454,645$37,536,834
78$46,076,691$18,337,452$13,814,346$40,974,974
79$50,682,616$19,142,090$14,183,229$44,749,050
80$55,755,388$19,983,197$14,561,512$48,892,739
81$61,342,531$20,862,468$14,949,417$53,443,125
82$67,496,416$21,781,676$15,347,170$58,441,052
83$74,274,752$22,742,679$15,755,000$63,931,502
84$81,741,129$23,747,422$16,173,145$69,964,015
85$89,965,622$24,797,944$16,601,844$76,593,157
86$99,025,451$25,896,380$17,041,342$83,879,027
87$109,005,708$27,044,963$17,491,888$91,887,823
88$120,000,161$28,246,036$17,953,736$100,692,461
89$132,112,137$29,502,052$18,427,146$110,373,260
90$145,455,502$30,815,580$18,912,382$121,018,694
91$160,155,730$32,189,309$19,409,714$132,726,222
92$176,351,089$33,626,061$19,919,414$145,603,207
93$194,193,949$35,128,786$20,441,763$159,767,917
94$213,852,214$36,700,580$20,977,045$175,350,642
95$235,510,913$38,344,681$21,525,549$192,494,917
96$259,373,941$40,064,485$22,087,569$211,358,866
97$285,665,986$41,863,548$22,663,407$232,116,695
98$314,634,651$43,745,596$23,253,365$254,960,325
99$346,552,788$45,714,533$23,857,755$280,101,199
100$381,721,076$47,774,448$24,476,893$307,772,271