Can I retire at age 61 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$718,438$712,038$705,795$699,701$693,750$689,089
2 years$355,662$349,038$342,619$336,395$330,357$325,657
3 years$234,753$228,100$221,697$215,531$209,592$204,997
4 years$174,310$167,678$161,339$155,278$149,483$145,029
5 years$138,054$131,462$125,205$119,269$113,635$109,335
6 years$113,891$107,348$101,185$95,380$89,915$85,775
7 years$96,638$90,151$84,085$78,417$73,125$69,147
8 years$83,705$77,276$71,311$65,782$60,664$56,848
9 years$73,651$67,283$61,420$56,032$51,088$47,433
10 years$65,612$59,306$53,547$48,300$43,530$40,033
11 years$59,040$52,797$47,142$42,035$37,437$34,097
12 years$53,566$47,388$41,837$36,871$32,442$29,256
13 years$48,939$42,825$37,379$32,551$28,290$25,254
14 years$44,976$38,926$33,585$28,895$24,799$21,910
15 years$41,544$35,560$30,323$25,770$21,835$19,089
16 years$38,544$32,626$27,492$23,074$19,298$16,690
17 years$35,900$30,047$25,017$20,732$17,111$14,638
18 years$33,553$27,765$22,837$18,683$15,214$12,871
19 years$31,454$25,732$20,906$16,882$13,561$11,343
20 years$29,569$23,911$19,187$15,290$12,113$10,017
21 years$27,864$22,273$17,648$13,877$10,839$8,860
22 years$26,317$20,791$16,265$12,617$9,716$7,849
23 years$24,907$19,445$15,018$11,491$8,722$6,962
24 years$23,616$18,219$13,889$10,480$7,839$6,182
25 years$22,430$17,097$12,864$9,571$7,054$5,495
26 years$21,337$16,069$11,931$8,751$6,354$4,889
27 years$20,327$15,123$11,079$8,010$5,729$4,353
28 years$19,390$14,250$10,299$7,339$5,169$3,879
29 years$18,520$13,443$9,584$6,730$4,668$3,458
30 years$17,709$12,696$8,928$6,177$4,217$3,085
31 years$16,953$12,002$8,323$5,673$3,813$2,753
32 years$16,244$11,356$7,765$5,213$3,449$2,458
33 years$15,580$10,754$7,251$4,794$3,121$2,196
34 years$14,957$10,193$6,775$4,411$2,826$1,962
35 years$14,370$9,668$6,334$4,061$2,560$1,754
36 years$13,818$9,176$5,925$3,740$2,319$1,568
37 years$13,296$8,715$5,546$3,446$2,102$1,402
38 years$12,803$8,282$5,193$3,176$1,906$1,254
39 years$12,336$7,876$4,866$2,928$1,728$1,122
40 years$11,894$7,493$4,561$2,701$1,567$1,004
41 years$11,475$7,133$4,276$2,492$1,422$898
42 years$11,076$6,793$4,011$2,300$1,290$804
43 years$10,697$6,472$3,764$2,123$1,171$720
44 years$10,337$6,169$3,533$1,960$1,063$644
45 years$9,993$5,883$3,318$1,810$965$577
46 years$9,665$5,612$3,116$1,672$876$516
47 years$9,353$5,356$2,927$1,545$796$462
48 years$9,054$5,113$2,751$1,428$723$414
49 years$8,768$4,883$2,586$1,319$656$371
50 years$8,494$4,664$2,431$1,219$596$332

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,700,000, adding $5,396 every year, while hoping to spend $35,689 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: 81/14/5 Blend
60$8,700,000$8,700,000$8,700,000$8,700,000
61$9,592,966$9,131,866$8,997,016$10,368,393
62$10,533,476$9,541,355$9,260,443$11,285,629
63$11,568,721$9,969,712$9,531,499$12,286,735
64$12,708,328$10,417,825$9,810,402$13,384,305
65$13,962,902$10,886,623$10,097,374$14,587,956
66$15,344,130$11,377,079$10,392,648$15,908,274
67$16,864,889$11,890,214$10,696,460$17,356,915
68$18,539,368$12,427,095$11,009,052$18,946,716
69$20,383,204$12,988,843$11,330,675$20,691,810
70$22,413,624$13,576,630$11,661,587$22,607,762
71$24,649,615$14,191,686$12,002,051$24,711,712
72$27,112,095$14,835,298$12,352,339$27,022,538
73$29,824,118$15,508,816$12,712,731$29,561,028
74$32,811,084$16,213,654$13,083,513$32,350,079
75$36,100,985$16,951,294$13,464,982$35,414,911
76$39,724,666$17,723,288$13,857,439$38,783,300
77$43,716,116$18,531,263$14,261,197$42,485,840
78$48,112,789$19,376,924$14,676,577$46,556,230
79$52,955,958$20,262,058$15,103,907$51,031,592
80$58,291,104$21,188,537$15,543,526$55,952,814
81$64,168,344$22,158,323$15,995,782$61,364,940
82$70,642,906$23,173,472$16,461,032$67,317,587
83$77,775,650$24,236,140$16,939,643$73,865,415
84$85,633,639$25,348,583$17,431,994$81,068,639
85$94,290,777$26,513,171$17,938,473$88,993,592
86$103,828,502$27,732,381$18,459,477$97,713,355
87$114,336,556$29,008,816$18,995,417$107,308,436
88$125,913,835$30,345,198$19,546,714$117,867,533
89$138,669,318$31,744,384$20,113,800$129,488,364
90$152,723,096$33,209,366$20,697,120$142,278,590
91$168,207,509$34,743,283$21,297,131$156,356,823
92$185,268,392$36,349,420$21,914,302$171,853,746
93$204,066,452$38,031,226$22,549,115$188,913,341
94$224,778,786$39,792,312$23,202,066$207,694,244
95$247,600,550$41,636,464$23,873,664$228,371,238
96$272,746,807$43,567,650$24,564,431$251,136,902
97$300,454,547$45,590,031$25,274,906$276,203,420
98$330,984,936$47,707,968$26,005,640$303,804,579
99$364,625,771$49,926,030$26,757,201$334,197,975
100$401,694,203$52,249,008$27,530,170$367,667,438