Can I retire at age 61 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$817,533$810,251$803,146$796,211$789,440$763,864
2 years$404,719$397,182$389,877$382,794$375,924$350,396
3 years$267,133$259,563$252,276$245,260$238,501$213,824
4 years$198,353$190,806$183,592$176,696$170,101$146,462
5 years$157,096$149,594$142,475$135,719$129,308$106,771
6 years$129,600$122,155$115,141$108,536$102,317$80,901
7 years$109,968$102,586$95,683$89,233$83,211$62,913
8 years$95,251$87,935$81,147$74,856$69,032$49,838
9 years$83,810$76,563$69,892$63,760$58,135$40,023
10 years$74,662$67,487$60,933$54,962$49,534$32,475
11 years$67,183$60,079$53,644$47,833$42,601$26,564
12 years$60,955$53,924$47,608$41,956$36,917$21,868
13 years$55,689$48,731$42,535$37,041$32,192$18,093
14 years$51,179$44,296$38,218$32,881$28,219$15,031
15 years$47,274$40,465$34,505$29,324$24,847$12,529
16 years$43,861$37,126$31,284$26,257$21,960$10,473
17 years$40,852$34,191$28,467$23,591$19,471$8,773
18 years$38,180$31,594$25,987$21,261$17,313$7,363
19 years$35,793$29,281$23,790$19,211$15,431$6,189
20 years$33,647$27,210$21,833$17,399$13,783$5,210
21 years$31,708$25,345$20,082$15,791$12,335$4,389
22 years$29,947$23,658$18,509$14,357$11,056$3,702
23 years$28,342$22,127$17,090$13,076$9,925$3,124
24 years$26,873$20,732$15,805$11,926$8,920$2,639
25 years$25,524$19,456$14,639$10,891$8,027$2,230
26 years$24,280$18,285$13,577$9,958$7,231$1,885
27 years$23,131$17,209$12,607$9,115$6,519$1,594
28 years$22,065$16,216$11,720$8,351$5,882$1,348
29 years$21,075$15,297$10,906$7,658$5,311$1,141
30 years$20,152$14,447$10,159$7,029$4,799$966
31 years$19,291$13,657$9,471$6,455$4,339$818
32 years$18,485$12,922$8,836$5,932$3,925$692
33 years$17,729$12,238$8,251$5,455$3,552$586
34 years$17,020$11,599$7,709$5,019$3,216$496
35 years$16,352$11,001$7,207$4,621$2,913$420
36 years$15,723$10,442$6,742$4,255$2,639$356
37 years$15,130$9,917$6,311$3,921$2,392$302
38 years$14,569$9,425$5,910$3,614$2,169$256
39 years$14,038$8,962$5,537$3,332$1,966$217
40 years$13,535$8,527$5,190$3,074$1,784$183
41 years$13,058$8,117$4,866$2,836$1,618$155
42 years$12,604$7,730$4,565$2,617$1,468$132
43 years$12,173$7,365$4,283$2,416$1,333$112
44 years$11,763$7,020$4,021$2,231$1,210$95
45 years$11,372$6,695$3,775$2,060$1,098$80
46 years$10,999$6,386$3,546$1,903$997$68
47 years$10,643$6,095$3,331$1,758$905$58
48 years$10,302$5,818$3,130$1,624$822$49
49 years$9,977$5,556$2,942$1,501$747$41
50 years$9,666$5,307$2,766$1,388$678$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $9,900,000, adding $5,864 every year, while hoping to spend $51,967 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: 30/48/22 Blend
60$9,900,000$9,900,000$9,900,000$9,900,000
61$10,915,849$10,391,149$10,237,699$11,168,304
62$11,973,973$10,845,023$10,525,369$11,815,834
63$13,138,284$11,319,394$10,820,935$12,506,921
64$14,419,558$11,815,214$11,124,605$13,249,321
65$15,829,669$12,333,476$11,436,596$14,047,510
66$17,381,700$12,875,220$11,757,126$14,906,388
67$19,090,066$13,441,539$12,086,423$15,831,320
68$20,970,651$14,033,573$12,424,717$16,828,185
69$23,040,959$14,652,519$12,772,246$17,903,427
70$25,320,274$15,299,630$13,129,253$19,064,107
71$27,829,846$15,976,216$13,495,987$20,317,969
72$30,593,093$16,683,653$13,872,705$21,673,503
73$33,635,815$17,423,379$14,259,668$23,140,023
74$36,986,446$18,196,902$14,657,144$24,727,751
75$40,676,314$19,005,801$15,065,409$26,447,900
76$44,739,942$19,851,729$15,484,744$28,312,782
77$49,215,371$20,736,418$15,915,438$30,335,910
78$54,144,520$21,661,685$16,357,787$32,532,124
79$59,573,582$22,629,428$16,812,093$34,917,722
80$65,553,457$23,641,640$17,278,669$37,510,604
81$72,140,236$24,700,406$17,757,830$40,330,437
82$79,395,726$25,807,912$18,249,904$43,398,830
83$87,388,038$26,966,448$18,755,223$46,739,528
84$96,192,225$28,178,411$19,274,130$50,378,629
85$105,890,993$29,446,314$19,806,975$54,344,821
86$116,575,481$30,772,790$20,354,115$58,669,642
87$128,346,121$32,160,598$20,915,918$63,387,767
88$141,313,584$33,612,625$21,492,760$68,537,324
89$155,599,827$35,131,902$22,085,025$74,160,245
90$171,339,243$36,721,598$22,693,107$80,302,647
91$188,679,929$38,385,040$23,317,409$87,015,256
92$207,785,083$40,125,708$23,958,344$94,353,874
93$228,834,547$41,947,253$24,616,334$102,379,890
94$252,026,500$43,853,499$25,291,811$111,160,846
95$277,579,334$45,848,451$25,985,218$120,771,060
96$305,733,711$47,936,309$26,697,007$131,292,313
97$336,754,834$50,121,473$27,427,641$142,814,602
98$370,934,955$52,408,553$28,177,595$155,436,975
99$408,596,128$54,802,381$28,947,353$169,268,445
100$450,093,255$57,308,018$29,737,410$184,429,007