Can I retire at age 61 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$255,995$253,715$251,490$249,319$247,198$245,743
2 years$126,730$124,370$122,083$119,865$117,714$116,246
3 years$83,648$81,277$78,996$76,799$74,682$73,247
4 years$62,110$59,747$57,489$55,329$53,264$51,872
5 years$49,192$46,843$44,613$42,498$40,490$39,146
6 years$40,582$38,251$36,054$33,986$32,039$30,744
7 years$34,434$32,123$29,961$27,942$26,056$24,812
8 years$29,826$27,535$25,410$23,440$21,616$20,422
9 years$26,243$23,974$21,885$19,965$18,204$17,059
10 years$23,379$21,132$19,080$17,210$15,511$14,415
11 years$21,037$18,813$16,798$14,978$13,340$12,293
12 years$19,087$16,885$14,908$13,138$11,560$10,561
13 years$17,438$15,259$13,319$11,599$10,080$9,128
14 years$16,026$13,870$11,967$10,296$8,836$7,929
15 years$14,803$12,671$10,805$9,182$7,780$6,917
16 years$13,734$11,625$9,796$8,222$6,876$6,057
17 years$12,792$10,706$8,914$7,387$6,097$5,319
18 years$11,956$9,893$8,137$6,657$5,421$4,684
19 years$11,208$9,169$7,449$6,015$4,832$4,134
20 years$10,536$8,520$6,837$5,448$4,316$3,656
21 years$9,929$7,936$6,288$4,945$3,862$3,238
22 years$9,377$7,408$5,796$4,496$3,462$2,873
23 years$8,875$6,929$5,351$4,094$3,108$2,552
24 years$8,415$6,492$4,949$3,734$2,793$2,270
25 years$7,992$6,092$4,584$3,410$2,514$2,021
26 years$7,603$5,726$4,251$3,118$2,264$1,801
27 years$7,243$5,389$3,948$2,854$2,041$1,606
28 years$6,909$5,078$3,670$2,615$1,842$1,433
29 years$6,599$4,790$3,415$2,398$1,663$1,280
30 years$6,310$4,524$3,181$2,201$1,503$1,143
31 years$6,041$4,276$2,966$2,021$1,359$1,022
32 years$5,788$4,046$2,767$1,858$1,229$914
33 years$5,552$3,832$2,584$1,708$1,112$818
34 years$5,329$3,632$2,414$1,572$1,007$732
35 years$5,120$3,445$2,257$1,447$912$655
36 years$4,924$3,270$2,111$1,333$826$587
37 years$4,738$3,105$1,976$1,228$749$526
38 years$4,562$2,951$1,850$1,132$679$471
39 years$4,396$2,806$1,734$1,043$616$422
40 years$4,238$2,670$1,625$962$559$378
41 years$4,089$2,542$1,524$888$507$339
42 years$3,947$2,420$1,429$819$460$304
43 years$3,812$2,306$1,341$756$417$273
44 years$3,683$2,198$1,259$698$379$244
45 years$3,561$2,096$1,182$645$344$219
46 years$3,444$2,000$1,110$596$312$197
47 years$3,333$1,908$1,043$550$283$176
48 years$3,226$1,822$980$509$257$158
49 years$3,124$1,740$921$470$234$142
50 years$3,027$1,662$866$435$212$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,100,000, adding $5,086 every year, while hoping to spend $33,439 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: 49/22/29 Blend
60$3,100,000$3,100,000$3,100,000$3,100,000
61$3,421,446$3,257,146$3,209,096$3,560,641
62$3,734,855$3,381,168$3,281,022$3,782,932
63$4,079,111$3,510,145$3,354,237$4,020,611
64$4,457,324$3,644,287$3,428,748$4,278,209
65$4,872,923$3,783,809$3,504,563$4,557,630
66$5,329,683$3,928,937$3,581,688$4,860,967
67$5,831,764$4,079,908$3,660,128$5,190,520
68$6,383,749$4,236,968$3,739,886$5,548,824
69$6,990,685$4,400,374$3,820,967$5,938,665
70$7,658,137$4,570,395$3,903,371$6,363,109
71$8,392,233$4,747,310$3,987,100$6,825,531
72$9,199,725$4,931,412$4,072,152$7,329,643
73$10,088,053$5,123,007$4,158,525$7,879,533
74$11,065,413$5,322,414$4,246,215$8,479,701
75$12,140,839$5,529,965$4,335,217$9,135,098
76$13,324,281$5,746,010$4,425,523$9,851,176
77$14,626,703$5,970,910$4,517,124$10,633,936
78$16,060,189$6,205,046$4,610,009$11,489,988
79$17,638,049$6,448,814$4,704,165$12,426,608
80$19,374,951$6,702,628$4,799,576$13,451,806
81$21,287,060$6,966,920$4,896,225$14,574,404
82$23,392,183$7,242,142$4,994,091$15,804,119
83$25,709,944$7,528,766$5,093,152$17,151,648
84$28,261,968$7,827,285$5,193,382$18,628,774
85$31,072,081$8,138,214$5,294,753$20,248,473
86$34,166,538$8,462,091$5,397,232$22,025,038
87$37,574,270$8,799,479$5,500,785$23,974,211
88$41,327,158$9,150,966$5,605,373$26,113,329
89$45,460,330$9,517,166$5,710,955$28,461,493
90$50,012,497$9,898,719$5,817,485$31,039,737
91$55,026,313$10,296,299$5,924,913$33,871,237
92$60,548,785$10,710,604$6,033,185$36,981,520
93$66,631,706$11,142,369$6,142,242$40,398,705
94$73,332,154$11,592,360$6,252,021$44,153,770
95$80,713,024$12,061,376$6,362,454$48,280,844
96$88,843,625$12,550,255$6,473,468$52,817,521
97$97,800,329$13,059,872$6,584,984$57,805,222
98$107,667,299$13,591,143$6,696,918$63,289,577
99$118,537,277$14,145,022$6,809,178$69,320,859
100$130,512,462$14,722,511$6,921,668$75,954,456