Can I retire at age 61 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$751,469$744,776$738,245$731,871$725,647$713,625
2 years$372,015$365,086$358,371$351,861$345,546$333,470
3 years$245,546$238,588$231,890$225,441$219,229$207,473
4 years$182,324$175,387$168,757$162,417$156,356$145,012
5 years$144,401$137,506$130,962$124,752$118,859$107,960
6 years$119,127$112,284$105,837$99,765$94,049$83,607
7 years$101,082$94,296$87,951$82,023$76,487$66,504
8 years$87,554$80,829$74,589$68,807$63,453$53,929
9 years$77,037$70,376$64,244$58,608$53,437$44,365
10 years$68,629$62,033$56,009$50,521$45,531$36,904
11 years$61,754$55,224$49,310$43,968$39,158$30,967
12 years$56,029$49,566$43,761$38,566$33,934$26,168
13 years$51,189$44,794$39,098$34,048$29,591$22,239
14 years$47,043$40,716$35,129$30,224$25,939$18,989
15 years$43,454$37,195$31,717$26,954$22,839$16,277
16 years$40,316$34,126$28,756$24,135$20,185$13,998
17 years$37,551$31,428$26,167$21,685$17,897$12,071
18 years$35,095$29,041$23,887$19,542$15,914$10,434
19 years$32,901$26,915$21,867$17,658$14,184$9,037
20 years$30,928$25,011$20,069$15,993$12,670$7,840
21 years$29,146$23,297$18,459$14,515$11,338$6,811
22 years$27,527$21,747$17,013$13,197$10,163$5,925
23 years$26,052$20,339$15,709$12,019$9,123$5,160
24 years$24,702$19,056$14,528$10,962$8,200$4,498
25 years$23,461$17,884$13,456$10,011$7,378$3,924
26 years$22,318$16,808$12,480$9,154$6,646$3,425
27 years$21,261$15,818$11,588$8,379$5,992$2,992
28 years$20,282$14,905$10,773$7,677$5,407$2,615
29 years$19,372$14,061$10,025$7,040$4,882$2,287
30 years$18,524$13,279$9,338$6,461$4,411$2,000
31 years$17,732$12,553$8,706$5,933$3,988$1,750
32 years$16,991$11,878$8,122$5,453$3,608$1,532
33 years$16,297$11,249$7,584$5,015$3,265$1,341
34 years$15,645$10,661$7,086$4,614$2,956$1,175
35 years$15,031$10,112$6,625$4,247$2,677$1,029
36 years$14,453$9,598$6,197$3,912$2,426$901
37 years$13,907$9,116$5,801$3,604$2,199$790
38 years$13,392$8,663$5,432$3,322$1,993$692
39 years$12,904$8,238$5,089$3,063$1,808$607
40 years$12,441$7,838$4,770$2,825$1,640$532
41 years$12,002$7,461$4,473$2,607$1,487$466
42 years$11,586$7,105$4,196$2,406$1,350$409
43 years$11,189$6,770$3,937$2,221$1,225$358
44 years$10,812$6,453$3,696$2,050$1,112$314
45 years$10,453$6,154$3,470$1,894$1,009$275
46 years$10,110$5,870$3,259$1,749$916$242
47 years$9,783$5,602$3,062$1,616$832$212
48 years$9,470$5,348$2,877$1,493$756$186
49 years$9,171$5,107$2,705$1,380$686$163
50 years$8,885$4,878$2,543$1,276$623$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,100,000, adding $3,698 every year, while hoping to spend $59,887 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: 54/24/22 Blend
60$9,100,000$9,100,000$9,100,000$9,100,000
61$10,032,014$9,549,714$9,408,664$10,513,052
62$10,991,561$9,953,931$9,660,135$11,248,013
63$12,046,973$10,375,947$9,918,024$12,041,100
64$13,207,968$10,816,572$10,182,480$12,903,199
65$14,485,248$11,276,652$10,453,661$13,840,930
66$15,890,608$11,757,072$10,731,723$14,861,569
67$17,437,043$12,258,761$11,016,829$15,973,119
68$19,138,869$12,782,689$11,309,141$17,184,383
69$21,011,865$13,329,872$11,608,828$18,505,044
70$23,073,412$13,901,372$11,916,061$19,945,751
71$25,342,665$14,498,304$12,231,014$21,518,223
72$27,840,728$15,121,833$12,553,864$23,235,353
73$30,590,857$15,773,177$12,884,793$25,111,328
74$33,618,675$16,453,613$13,223,984$27,161,761
75$36,952,419$17,164,479$13,571,627$29,403,832
76$40,623,201$17,907,174$13,927,911$31,856,453
77$44,665,304$18,683,162$14,293,033$34,540,438
78$49,116,506$19,493,977$14,667,190$37,478,700
79$54,018,433$20,341,226$15,050,584$40,696,459
80$59,416,956$21,226,589$15,443,422$44,221,483
81$65,362,621$22,151,827$15,845,912$48,084,342
82$71,911,125$23,118,784$16,258,267$52,318,692
83$79,123,845$24,129,389$16,680,704$56,961,594
84$87,068,412$25,185,665$17,113,443$62,053,853
85$95,819,354$26,289,726$17,556,707$67,640,401
86$105,458,797$27,443,791$18,010,725$73,770,722
87$116,077,237$28,650,179$18,475,727$80,499,305
88$127,774,399$29,911,323$18,951,948$87,886,159
89$140,660,177$31,229,766$19,439,628$95,997,377
90$154,855,667$32,608,177$19,939,007$104,905,745
91$170,494,313$34,049,346$20,450,332$114,691,435
92$187,723,168$35,556,199$20,973,853$125,442,746
93$206,704,277$37,131,798$21,509,823$137,256,938
94$227,616,209$38,779,352$22,058,498$150,241,141
95$250,655,743$40,502,221$22,620,138$164,513,358
96$276,039,724$42,303,925$23,195,008$180,203,577
97$304,007,110$44,188,151$23,783,374$197,454,986
98$334,821,226$46,158,761$24,385,508$216,425,320
99$368,772,251$48,219,801$25,001,683$237,288,338
100$406,179,958$50,375,509$25,632,177$260,235,462