Can I retire at age 61 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$767,985$761,144$754,470$747,956$741,595$730,513
2 years$380,191$373,110$366,248$359,594$353,141$342,000
3 years$250,943$243,832$236,987$230,396$224,047$213,195
4 years$186,331$179,242$172,466$165,987$159,792$149,313
5 years$147,575$140,528$133,840$127,494$121,471$111,395
6 years$121,745$114,752$108,163$101,958$96,116$86,454
7 years$103,303$96,368$89,884$83,825$78,168$68,923
8 years$89,478$82,605$76,229$70,319$64,848$56,019
9 years$78,730$71,923$65,656$59,896$54,611$46,194
10 years$70,137$63,396$57,240$51,631$46,532$38,520
11 years$63,111$56,438$50,393$44,934$40,019$32,404
12 years$57,261$50,656$44,723$39,414$34,679$27,453
13 years$52,314$45,778$39,957$34,796$30,241$23,392
14 years$48,077$41,611$35,901$30,888$26,509$20,027
15 years$44,409$38,012$32,414$27,547$23,341$17,214
16 years$41,203$34,876$29,388$24,665$20,629$14,845
17 years$38,376$32,119$26,742$22,162$18,291$12,839
18 years$35,867$29,680$24,412$19,972$16,263$11,129
19 years$33,624$27,507$22,348$18,046$14,496$9,667
20 years$31,608$25,561$20,510$16,344$12,948$8,412
21 years$29,786$23,809$18,865$14,834$11,587$7,331
22 years$28,132$22,225$17,387$13,487$10,386$6,396
23 years$26,625$20,786$16,054$12,283$9,323$5,588
24 years$25,245$19,475$14,847$11,203$8,380$4,886
25 years$23,977$18,277$13,752$10,231$7,541$4,276
26 years$22,809$17,177$12,754$9,355$6,792$3,745
27 years$21,729$16,166$11,843$8,563$6,124$3,281
28 years$20,728$15,233$11,010$7,845$5,526$2,877
29 years$19,797$14,370$10,245$7,194$4,990$2,524
30 years$18,931$13,571$9,543$6,603$4,508$2,215
31 years$18,122$12,829$8,897$6,064$4,076$1,945
32 years$17,365$12,139$8,301$5,573$3,687$1,708
33 years$16,655$11,496$7,751$5,125$3,337$1,500
34 years$15,988$10,896$7,242$4,715$3,021$1,318
35 years$15,361$10,334$6,771$4,341$2,736$1,159
36 years$14,771$9,809$6,334$3,998$2,479$1,019
37 years$14,213$9,316$5,928$3,683$2,247$895
38 years$13,686$8,854$5,551$3,395$2,037$787
39 years$13,187$8,419$5,201$3,130$1,847$693
40 years$12,715$8,010$4,875$2,887$1,676$609
41 years$12,266$7,625$4,571$2,664$1,520$536
42 years$11,840$7,261$4,288$2,458$1,379$471
43 years$11,435$6,919$4,024$2,269$1,252$415
44 years$11,050$6,595$3,777$2,095$1,136$365
45 years$10,682$6,289$3,546$1,935$1,032$321
46 years$10,332$5,999$3,331$1,788$937$282
47 years$9,998$5,725$3,129$1,651$850$249
48 years$9,678$5,466$2,941$1,526$772$219
49 years$9,372$5,219$2,764$1,410$701$193
50 years$9,080$4,986$2,599$1,304$637$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,300,000, adding $5,202 every year, while hoping to spend $55,677 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: 76/17/7 Blend
60$9,300,000$9,300,000$9,300,000$9,300,000
61$10,253,966$9,761,066$9,616,916$11,023,855
62$11,240,630$10,180,118$9,879,843$11,949,655
63$12,326,069$10,617,838$10,149,711$12,956,478
64$13,520,297$11,075,081$10,426,696$14,058,417
65$14,834,351$11,552,744$10,710,974$15,264,886
66$16,280,391$12,051,764$11,002,727$16,586,251
67$17,871,814$12,573,124$11,302,142$18,033,921
68$19,623,383$13,117,851$11,609,408$19,620,458
69$21,551,364$13,687,022$11,924,719$21,359,691
70$23,673,681$14,281,764$12,248,275$23,266,846
71$26,010,083$14,903,257$12,580,279$25,358,690
72$28,582,331$15,552,736$12,920,938$27,653,683
73$31,414,404$16,231,495$13,270,464$30,172,155
74$34,532,723$16,940,888$13,629,075$32,936,491
75$37,966,404$17,682,335$13,996,992$35,971,345
76$41,747,527$18,457,319$14,374,441$39,303,867
77$45,911,444$19,267,397$14,761,654$42,963,959
78$50,497,109$20,114,198$15,158,867$46,984,554
79$55,547,447$20,999,426$15,566,322$51,401,923
80$61,109,758$21,924,869$15,984,266$56,256,019
81$67,236,164$22,892,398$16,412,949$61,590,847
82$73,984,099$23,903,972$16,852,629$67,454,876
83$81,416,854$24,961,643$17,303,568$73,901,501
84$89,604,170$26,067,561$17,766,035$80,989,533
85$98,622,901$27,223,977$18,240,303$88,783,761
86$108,557,734$28,433,249$18,726,650$97,355,553
87$119,501,992$29,697,848$19,225,362$106,783,529
88$131,558,513$31,020,359$19,736,729$117,154,302
89$144,840,619$32,403,495$20,261,047$128,563,286
90$159,473,188$33,850,093$20,798,619$141,115,599
91$175,593,833$35,363,127$21,349,753$154,927,045
92$193,354,197$36,945,713$21,914,762$170,125,207
93$212,921,386$38,601,114$22,493,967$186,850,647
94$234,479,548$40,332,749$23,087,696$205,258,225
95$258,231,608$42,144,200$23,696,280$225,518,558
96$284,401,186$44,039,219$24,320,059$247,819,627
97$313,234,703$46,021,737$24,959,377$272,368,541
98$345,003,715$48,095,874$25,614,588$299,393,493
99$380,007,466$50,265,944$26,286,049$329,145,903
100$418,575,721$52,536,469$26,974,126$361,902,788