Can I retire at age 61 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$759,727$752,960$746,358$739,913$733,621$722,360
2 years$376,103$369,098$362,310$355,728$349,343$338,025
3 years$248,244$241,210$234,438$227,918$221,638$210,615
4 years$184,328$177,315$170,611$164,202$158,074$147,431
5 years$145,988$139,017$132,401$126,123$120,165$109,933
6 years$120,436$113,518$107,000$100,862$95,083$85,273
7 years$102,192$95,332$88,917$82,924$77,328$67,944
8 years$88,516$81,717$75,409$69,563$64,151$55,192
9 years$77,884$71,149$64,950$59,252$54,024$45,485
10 years$69,383$62,715$56,625$51,076$46,031$37,905
11 years$62,433$55,831$49,851$44,451$39,588$31,867
12 years$56,645$50,111$44,242$38,990$34,307$26,981
13 years$51,751$45,286$39,527$34,422$29,916$22,975
14 years$47,560$41,164$35,515$30,556$26,224$19,657
15 years$43,932$37,604$32,066$27,251$23,090$16,884
16 years$40,759$34,501$29,072$24,400$20,407$14,551
17 years$37,963$31,774$26,455$21,923$18,094$12,575
18 years$35,481$29,360$24,150$19,757$16,088$10,893
19 years$33,262$27,211$22,108$17,852$14,340$9,455
20 years$31,268$25,286$20,289$16,169$12,809$8,221
21 years$29,466$23,553$18,662$14,674$11,462$7,159
22 years$27,830$21,986$17,200$13,342$10,274$6,242
23 years$26,338$20,563$15,881$12,151$9,223$5,448
24 years$24,973$19,266$14,688$11,082$8,290$4,760
25 years$23,719$18,080$13,604$10,121$7,460$4,163
26 years$22,563$16,992$12,617$9,254$6,719$3,643
27 years$21,495$15,992$11,716$8,471$6,058$3,189
28 years$20,505$15,069$10,891$7,761$5,466$2,794
29 years$19,585$14,216$10,135$7,117$4,936$2,449
30 years$18,727$13,425$9,441$6,532$4,460$2,148
31 years$17,927$12,691$8,801$5,999$4,032$1,884
32 years$17,178$12,009$8,212$5,513$3,647$1,653
33 years$16,476$11,372$7,667$5,070$3,301$1,451
34 years$15,817$10,778$7,164$4,664$2,989$1,274
35 years$15,196$10,223$6,698$4,294$2,707$1,119
36 years$14,612$9,703$6,266$3,955$2,453$983
37 years$14,060$9,216$5,864$3,644$2,223$863
38 years$13,539$8,758$5,492$3,358$2,015$758
39 years$13,045$8,328$5,145$3,097$1,827$666
40 years$12,578$7,924$4,823$2,856$1,658$586
41 years$12,134$7,543$4,522$2,635$1,504$515
42 years$11,713$7,183$4,242$2,432$1,365$452
43 years$11,312$6,844$3,980$2,245$1,238$398
44 years$10,931$6,524$3,736$2,073$1,124$350
45 years$10,568$6,221$3,508$1,914$1,020$307
46 years$10,221$5,935$3,295$1,768$927$270
47 years$9,890$5,664$3,096$1,634$841$238
48 years$9,574$5,407$2,909$1,510$764$209
49 years$9,272$5,163$2,734$1,395$694$184
50 years$8,982$4,932$2,571$1,290$630$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,200,000, adding $5,494 every year, while hoping to spend $36,580 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: 61/21/18 Blend
60$9,200,000$9,200,000$9,200,000$9,200,000
61$10,144,067$9,656,467$9,513,867$10,715,687
62$11,139,841$10,090,713$9,793,661$11,536,279
63$12,235,958$10,545,011$10,081,602$12,426,850
64$13,442,614$11,020,305$10,377,924$13,397,915
65$14,771,045$11,517,584$10,682,868$14,457,289
66$16,233,630$12,037,884$10,996,683$15,613,570
67$17,844,011$12,582,291$11,319,622$16,876,213
68$19,617,219$13,151,943$11,651,949$18,255,622
69$21,569,817$13,748,030$11,993,931$19,763,245
70$23,720,058$14,371,802$12,345,847$21,411,677
71$26,088,051$15,024,568$12,707,980$23,214,779
72$28,695,959$15,707,699$13,080,624$25,187,804
73$31,568,202$16,422,631$13,464,080$27,347,541
74$34,731,690$17,170,871$13,858,658$29,712,469
75$38,216,074$17,953,995$14,264,675$32,302,927
76$42,054,030$18,773,658$14,682,458$35,141,306
77$46,281,566$19,631,592$15,112,345$38,252,255
78$50,938,358$20,529,612$15,554,681$41,662,909
79$56,068,129$21,469,622$16,009,821$45,403,147
80$61,719,059$22,453,614$16,478,131$49,505,862
81$67,944,242$23,483,680$16,959,987$54,007,275
82$74,802,183$24,562,009$17,455,776$58,947,271
83$82,357,355$25,690,896$17,965,893$64,369,767
84$90,680,803$26,872,748$18,490,748$70,323,128
85$99,850,816$28,110,084$19,030,760$76,860,617
86$109,953,669$29,405,548$19,586,360$84,040,889
87$121,084,433$30,761,909$20,157,992$91,928,547
88$133,347,872$32,182,070$20,746,112$100,594,740
89$146,859,436$33,669,072$21,351,188$110,117,833
90$161,746,347$35,226,105$21,973,701$120,584,140
91$178,148,801$36,856,511$22,614,147$132,088,732
92$196,221,292$38,563,793$23,273,034$144,736,328
93$216,134,068$40,351,624$23,950,885$158,642,281
94$238,074,741$42,223,851$24,648,238$173,933,653
95$262,250,055$44,184,511$25,365,644$190,750,415
96$288,887,839$46,237,830$26,103,672$209,246,756
97$318,239,158$48,388,243$26,862,904$229,592,530
98$350,580,682$50,640,397$27,643,941$251,974,858
99$386,217,297$52,999,161$28,447,398$276,599,876
100$425,484,983$55,469,643$29,273,908$303,694,682