Can I retire at age 61 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$809,275$802,066$795,033$788,169$781,466$753,140
2 years$400,631$393,170$385,938$378,927$372,127$343,899
3 years$264,434$256,941$249,728$242,782$236,092$208,852
4 years$196,349$188,879$181,738$174,911$168,383$142,337
5 years$155,509$148,083$141,036$134,348$128,002$103,218
6 years$128,291$120,921$113,978$107,440$101,284$77,780
7 years$108,857$101,549$94,716$88,332$82,371$60,142
8 years$94,288$87,047$80,327$74,099$68,335$47,361
9 years$82,963$75,790$69,186$63,116$57,548$37,802
10 years$73,908$66,805$60,318$54,407$49,033$30,481
11 years$66,505$59,472$53,103$47,350$42,170$24,771
12 years$60,339$53,379$47,127$41,533$36,544$20,256
13 years$55,126$48,239$42,105$36,667$31,867$16,646
14 years$50,662$43,848$37,832$32,549$27,934$13,733
15 years$46,797$40,056$34,157$29,028$24,596$11,366
16 years$43,418$36,751$30,968$25,991$21,738$9,432
17 years$40,439$33,846$28,180$23,353$19,274$7,843
18 years$37,795$31,275$25,725$21,046$17,138$6,534
19 years$35,431$28,986$23,550$19,017$15,275$5,451
20 years$33,307$26,935$21,613$17,223$13,644$4,553
21 years$31,388$25,089$19,879$15,631$12,210$3,807
22 years$29,645$23,419$18,322$14,212$10,944$3,185
23 years$28,056$21,904$16,917$12,943$9,824$2,667
24 years$26,602$20,522$15,645$11,805$8,830$2,235
25 years$25,266$19,259$14,491$10,781$7,946$1,873
26 years$24,035$18,101$13,440$9,858$7,157$1,571
27 years$22,897$17,035$12,480$9,023$6,453$1,318
28 years$21,842$16,052$11,602$8,267$5,823$1,106
29 years$20,862$15,143$10,796$7,581$5,258$928
30 years$19,949$14,301$10,056$6,958$4,751$779
31 years$19,096$13,519$9,375$6,390$4,295$654
32 years$18,298$12,792$8,747$5,872$3,885$549
33 years$17,550$12,114$8,167$5,400$3,516$461
34 years$16,848$11,481$7,631$4,969$3,183$387
35 years$16,187$10,890$7,135$4,574$2,883$325
36 years$15,565$10,336$6,674$4,213$2,612$273
37 years$14,977$9,817$6,247$3,881$2,368$230
38 years$14,422$9,330$5,850$3,577$2,147$193
39 years$13,896$8,872$5,481$3,299$1,947$162
40 years$13,398$8,441$5,137$3,042$1,766$136
41 years$12,926$8,035$4,817$2,807$1,602$114
42 years$12,477$7,652$4,519$2,591$1,454$96
43 years$12,050$7,291$4,240$2,391$1,319$81
44 years$11,644$6,950$3,980$2,208$1,197$68
45 years$11,257$6,627$3,737$2,039$1,087$57
46 years$10,888$6,322$3,510$1,884$987$48
47 years$10,535$6,033$3,298$1,740$896$40
48 years$10,198$5,759$3,099$1,608$814$34
49 years$9,876$5,500$2,913$1,486$739$28
50 years$9,568$5,254$2,738$1,374$671$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,800,000, adding $2,116 every year, while hoping to spend $34,926 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: 67/5/28 Blend
60$9,800,000$9,800,000$9,800,000$9,800,000
61$10,801,783$10,282,383$10,130,483$11,446,083
62$11,866,403$10,749,058$10,432,693$12,347,220
63$13,038,445$11,237,431$10,743,856$13,328,339
64$14,328,827$11,748,526$11,064,237$14,400,695
65$15,749,583$12,283,419$11,394,104$15,573,308
66$17,313,972$12,843,237$11,733,737$16,856,107
67$19,036,602$13,429,162$12,083,423$18,260,025
68$20,933,575$14,042,429$12,443,457$19,797,097
69$23,022,628$14,684,337$12,814,141$21,480,578
70$25,323,310$15,356,244$13,195,789$23,325,064
71$27,857,162$16,059,574$13,588,722$25,346,625
72$30,647,919$16,795,820$13,993,271$27,562,961
73$33,721,737$17,566,545$14,409,776$29,993,564
74$37,107,439$18,373,390$14,838,587$32,659,903
75$40,836,783$19,218,072$15,280,066$35,585,622
76$44,944,768$20,102,391$15,734,582$38,796,763
77$49,469,962$21,028,235$16,202,517$42,322,011
78$54,454,860$21,997,581$16,684,264$46,192,960
79$59,946,296$23,012,503$17,180,227$50,444,416
80$65,995,875$24,075,172$17,690,821$55,114,714
81$72,660,466$25,187,867$18,216,475$60,246,086
82$80,002,734$26,352,973$18,757,628$65,885,054
83$88,091,737$27,572,993$19,314,733$72,082,868
84$97,003,574$28,850,549$19,888,255$78,895,987
85$106,822,101$30,188,389$20,478,675$86,386,610
86$117,639,730$31,589,394$21,086,485$94,623,261
87$129,558,293$33,056,585$21,712,193$103,681,431
88$142,690,007$34,593,126$22,356,320$113,644,294
89$157,158,535$36,202,336$23,019,403$124,603,483
90$173,100,148$37,887,693$23,701,996$136,659,956
91$190,665,016$39,652,843$24,404,665$149,924,945
92$210,018,623$41,501,608$25,127,997$164,521,003
93$231,343,330$43,437,994$25,872,592$180,583,160
94$254,840,095$45,466,201$26,639,070$198,260,190
95$280,730,373$47,590,633$27,428,067$217,716,016
96$309,258,201$49,815,904$28,240,237$239,131,256
97$340,692,508$52,146,854$29,076,255$262,704,916
98$375,329,648$54,588,554$29,936,814$288,656,276
99$413,496,201$57,146,322$30,822,626$317,226,947
100$455,552,055$59,825,733$31,734,426$348,683,153