Can I retire at age 61 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$792,759$785,698$778,808$772,084$765,517$736,892
2 years$392,455$385,146$378,062$371,194$364,532$336,020
3 years$259,038$251,697$244,631$237,828$231,274$203,772
4 years$192,342$185,024$178,029$171,341$164,947$138,665
5 years$152,335$145,061$138,158$131,607$125,390$100,396
6 years$125,673$118,453$111,652$105,247$99,217$75,529
7 years$106,636$99,477$92,783$86,529$80,690$58,301
8 years$92,364$85,270$78,688$72,587$66,940$45,830
9 years$81,270$74,243$67,774$61,828$56,373$36,512
10 years$72,400$65,441$59,087$53,297$48,033$29,385
11 years$65,147$58,259$52,019$46,384$41,310$23,834
12 years$59,108$52,290$46,165$40,685$35,798$19,451
13 years$54,001$47,255$41,246$35,919$31,217$15,952
14 years$49,628$42,953$37,060$31,885$27,364$13,133
15 years$45,842$39,239$33,460$28,435$24,094$10,846
16 years$42,532$36,001$30,336$25,461$21,294$8,981
17 years$39,614$33,155$27,605$22,876$18,881$7,452
18 years$37,024$30,637$25,200$20,616$16,788$6,194
19 years$34,708$28,394$23,069$18,629$14,963$5,155
20 years$32,627$26,385$21,172$16,872$13,366$4,296
21 years$30,747$24,577$19,474$15,312$11,961$3,584
22 years$29,040$22,941$17,948$13,922$10,721$2,992
23 years$27,483$21,457$16,572$12,679$9,624$2,499
24 years$26,059$20,104$15,326$11,564$8,650$2,089
25 years$24,750$18,866$14,195$10,561$7,784$1,747
26 years$23,544$17,731$13,165$9,657$7,011$1,461
27 years$22,430$16,687$12,225$8,839$6,321$1,223
28 years$21,396$15,724$11,365$8,098$5,704$1,024
29 years$20,436$14,834$10,576$7,426$5,150$857
30 years$19,541$14,009$9,851$6,816$4,654$718
31 years$18,706$13,243$9,184$6,260$4,207$601
32 years$17,925$12,531$8,569$5,753$3,806$504
33 years$17,192$11,867$8,001$5,290$3,444$422
34 years$16,504$11,247$7,475$4,867$3,118$353
35 years$15,857$10,668$6,989$4,481$2,825$296
36 years$15,247$10,125$6,538$4,127$2,559$248
37 years$14,671$9,617$6,119$3,802$2,319$208
38 years$14,127$9,139$5,731$3,504$2,103$174
39 years$13,613$8,690$5,369$3,231$1,907$146
40 years$13,125$8,268$5,032$2,980$1,730$122
41 years$12,662$7,871$4,719$2,750$1,569$103
42 years$12,222$7,496$4,426$2,538$1,424$86
43 years$11,804$7,142$4,153$2,343$1,292$72
44 years$11,406$6,808$3,899$2,163$1,173$60
45 years$11,027$6,492$3,661$1,998$1,065$51
46 years$10,665$6,193$3,438$1,845$967$42
47 years$10,320$5,910$3,230$1,705$878$36
48 years$9,990$5,642$3,036$1,575$797$30
49 years$9,675$5,388$2,853$1,456$724$25
50 years$9,373$5,146$2,682$1,346$658$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,600,000, adding $6,971 every year, while hoping to spend $31,244 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: 58/29/13 Blend
60$9,600,000$9,600,000$9,600,000$9,600,000
61$10,586,391$10,077,591$9,928,791$11,165,525
62$11,632,959$10,538,149$10,228,162$12,017,921
63$12,785,230$11,020,228$10,536,515$12,942,570
64$14,053,953$11,524,848$10,854,117$13,949,753
65$15,450,971$12,053,081$11,181,245$15,047,403
66$16,989,336$12,606,048$11,518,183$16,244,241
67$18,683,429$13,184,925$11,865,222$17,549,856
68$20,549,096$13,790,944$12,222,665$18,974,792
69$22,603,801$14,425,396$12,590,820$20,530,645
70$24,866,783$15,089,636$12,970,008$22,230,168
71$27,359,248$15,785,081$13,360,556$24,087,390
72$30,104,560$16,513,219$13,762,804$26,117,742
73$33,128,466$17,275,607$14,177,098$28,338,201
74$36,459,338$18,073,880$14,603,799$30,767,448
75$40,128,439$18,909,749$15,043,275$33,426,034
76$44,170,221$19,785,008$15,495,906$36,336,577
77$48,622,649$20,701,538$15,962,084$39,523,967
78$53,527,556$21,661,311$16,442,211$43,015,598
79$58,931,045$22,666,392$16,936,703$46,841,618
80$64,883,915$23,718,949$17,445,986$51,035,215
81$71,442,147$24,821,251$17,970,500$55,632,920
82$78,667,432$25,975,678$18,510,697$60,674,946
83$86,627,748$27,184,724$19,067,044$66,205,565
84$95,398,009$28,451,006$19,640,020$72,273,518
85$105,060,764$29,777,263$20,230,118$78,932,469
86$115,706,983$31,166,370$20,837,849$86,241,505
87$127,436,912$32,621,339$21,463,733$94,265,684
88$140,361,020$34,145,328$22,108,311$103,076,649
89$154,601,041$35,741,647$22,772,138$112,753,288
90$170,291,126$37,413,766$23,455,783$123,382,477
91$187,579,104$39,165,323$24,159,834$135,059,889
92$206,627,881$41,000,133$24,884,897$147,890,889
93$227,616,979$42,922,193$25,631,595$161,991,519
94$250,744,226$44,935,695$26,400,568$177,489,586
95$276,227,626$47,045,034$27,192,477$194,525,855
96$304,307,420$49,254,817$28,008,001$213,255,370
97$335,248,347$51,569,872$28,847,839$233,848,906
98$369,342,147$53,995,266$29,712,711$256,494,569
99$406,910,317$56,536,305$30,603,358$281,399,562
100$448,307,142$59,198,556$31,520,542$308,792,124