Can I retire at age 61 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$743,212$736,591$730,133$723,828$717,673$696,374
2 years$367,927$361,074$354,433$347,994$341,749$320,466
3 years$242,848$235,966$229,342$222,963$216,820$196,221
4 years$180,321$173,460$166,902$160,633$154,638$134,880
5 years$142,814$135,995$129,523$123,381$117,553$98,691
6 years$117,818$111,050$104,674$98,669$93,016$75,066
7 years$99,971$93,260$86,984$81,121$75,647$58,609
8 years$86,591$79,941$73,770$68,051$62,756$46,620
9 years$76,191$69,603$63,538$57,964$52,850$37,598
10 years$67,875$61,351$55,394$49,966$45,031$30,643
11 years$61,076$54,618$48,768$43,485$38,728$25,179
12 years$55,414$49,022$43,280$38,142$33,561$20,824
13 years$50,626$44,301$38,668$33,674$29,266$17,311
14 years$46,527$40,269$34,743$29,892$25,654$14,452
15 years$42,977$36,786$31,369$26,658$22,588$12,106
16 years$39,873$33,751$28,440$23,870$19,963$10,170
17 years$37,138$31,083$25,879$21,447$17,701$8,563
18 years$34,710$28,722$23,625$19,328$15,739$7,225
19 years$32,539$26,619$21,627$17,464$14,028$6,105
20 years$30,588$24,736$19,848$15,817$12,530$5,166
21 years$28,825$23,041$18,257$14,355$11,213$4,377
22 years$27,225$21,508$16,826$13,052$10,051$3,711
23 years$25,766$20,116$15,536$11,887$9,022$3,150
24 years$24,430$18,847$14,368$10,841$8,110$2,675
25 years$23,203$17,687$13,308$9,901$7,297$2,273
26 years$22,073$16,623$12,342$9,053$6,573$1,932
27 years$21,028$15,644$11,461$8,286$5,926$1,643
28 years$20,059$14,741$10,654$7,592$5,347$1,398
29 years$19,159$13,907$9,915$6,962$4,829$1,190
30 years$18,320$13,133$9,235$6,390$4,363$1,013
31 years$17,537$12,416$8,610$5,868$3,944$862
32 years$16,804$11,748$8,033$5,393$3,568$734
33 years$16,118$11,125$7,501$4,959$3,229$626
34 years$15,473$10,544$7,008$4,563$2,924$533
35 years$14,866$10,001$6,552$4,201$2,648$454
36 years$14,294$9,492$6,129$3,869$2,399$387
37 years$13,754$9,016$5,737$3,564$2,175$330
38 years$13,244$8,568$5,372$3,285$1,971$281
39 years$12,762$8,147$5,033$3,029$1,788$239
40 years$12,304$7,752$4,718$2,794$1,622$204
41 years$11,870$7,379$4,424$2,578$1,471$174
42 years$11,458$7,027$4,150$2,379$1,335$148
43 years$11,066$6,696$3,894$2,196$1,211$126
44 years$10,693$6,382$3,655$2,028$1,100$108
45 years$10,338$6,086$3,432$1,873$998$92
46 years$9,999$5,806$3,223$1,730$906$78
47 years$9,675$5,541$3,028$1,598$823$67
48 years$9,366$5,289$2,846$1,477$747$57
49 years$9,070$5,051$2,675$1,365$679$48
50 years$8,787$4,825$2,515$1,262$617$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,000,000, adding $5,612 every year, while hoping to spend $41,889 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: 67/20/13 Blend
60$9,000,000$9,000,000$9,000,000$9,000,000
61$9,923,789$9,446,789$9,307,289$10,559,070
62$10,891,446$9,865,112$9,574,513$11,401,351
63$11,956,400$10,302,529$9,849,286$12,316,452
64$13,128,531$10,759,931$10,131,815$13,315,925
65$14,418,725$11,238,252$10,422,316$14,408,033
66$15,838,979$11,738,470$10,721,007$15,601,866
67$17,402,509$12,261,610$11,028,115$16,907,430
68$19,123,880$12,808,743$11,343,872$18,335,735
69$21,019,140$13,380,996$11,668,515$19,898,896
70$23,105,971$13,979,544$12,002,290$21,610,251
71$25,403,861$14,605,622$12,345,447$23,484,479
72$27,934,279$15,260,521$12,698,244$25,537,739
73$30,720,885$15,945,597$13,060,945$27,787,819
74$33,789,750$16,662,266$13,433,821$30,254,303
75$37,169,603$17,412,015$13,817,152$32,958,751
76$40,892,099$18,196,401$14,211,224$35,924,902
77$44,992,123$19,017,054$14,616,330$39,178,893
78$49,508,113$19,875,684$15,032,771$42,749,506
79$54,482,429$20,774,080$15,460,857$46,668,431
80$59,961,746$21,714,120$15,900,905$50,970,570
81$65,997,500$22,697,767$16,353,241$55,694,354
82$72,646,370$23,727,083$16,818,200$60,882,109
83$79,970,815$24,804,225$17,296,124$66,580,450
84$88,039,659$25,931,453$17,787,366$72,840,717
85$96,928,749$27,111,139$18,292,287$79,719,453
86$106,721,660$28,345,764$18,811,257$87,278,938
87$117,510,493$29,637,930$19,344,658$95,587,770
88$129,396,739$30,990,363$19,892,879$104,721,509
89$142,492,237$32,405,922$20,456,321$114,763,384
90$156,920,232$33,887,599$21,035,395$125,805,075
91$172,816,537$35,438,533$21,630,523$137,947,573
92$190,330,814$37,062,012$22,242,135$151,302,128
93$209,627,988$38,761,481$22,870,678$165,991,293
94$230,889,801$40,540,552$23,516,604$182,150,076
95$254,316,532$42,403,010$24,180,381$199,927,207
96$280,128,882$44,352,822$24,862,488$219,486,535
97$308,570,062$46,394,144$25,563,415$241,008,571
98$339,908,086$48,531,334$26,283,667$264,692,182
99$374,438,300$50,768,959$27,023,759$290,756,463
100$412,486,173$53,111,805$27,784,222$319,442,795