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%18.4%
1 years$255,995$253,715$251,490$249,319$247,198$238,808
2 years$126,730$124,370$122,083$119,865$117,714$109,344
3 years$83,648$81,277$78,996$76,799$74,682$66,597
4 years$62,110$59,747$57,489$55,329$53,264$45,525
5 years$49,192$46,843$44,613$42,498$40,490$33,118
6 years$40,582$38,251$36,054$33,986$32,039$25,038
7 years$34,434$32,123$29,961$27,942$26,056$19,427
8 years$29,826$27,535$25,410$23,440$21,616$15,353
9 years$26,243$23,974$21,885$19,965$18,204$12,299
10 years$23,379$21,132$19,080$17,210$15,511$9,955
11 years$21,037$18,813$16,798$14,978$13,340$8,122
12 years$19,087$16,885$14,908$13,138$11,560$6,668
13 years$17,438$15,259$13,319$11,599$10,080$5,502
14 years$16,026$13,870$11,967$10,296$8,836$4,558
15 years$14,803$12,671$10,805$9,182$7,780$3,789
16 years$13,734$11,625$9,796$8,222$6,876$3,158
17 years$12,792$10,706$8,914$7,387$6,097$2,638
18 years$11,956$9,893$8,137$6,657$5,421$2,207
19 years$11,208$9,169$7,449$6,015$4,832$1,850
20 years$10,536$8,520$6,837$5,448$4,316$1,552
21 years$9,929$7,936$6,288$4,945$3,862$1,304
22 years$9,377$7,408$5,796$4,496$3,462$1,096
23 years$8,875$6,929$5,351$4,094$3,108$922
24 years$8,415$6,492$4,949$3,734$2,793$776
25 years$7,992$6,092$4,584$3,410$2,514$654
26 years$7,603$5,726$4,251$3,118$2,264$551
27 years$7,243$5,389$3,948$2,854$2,041$464
28 years$6,909$5,078$3,670$2,615$1,842$392
29 years$6,599$4,790$3,415$2,398$1,663$330
30 years$6,310$4,524$3,181$2,201$1,503$279
31 years$6,041$4,276$2,966$2,021$1,359$235
32 years$5,788$4,046$2,767$1,858$1,229$198
33 years$5,552$3,832$2,584$1,708$1,112$167
34 years$5,329$3,632$2,414$1,572$1,007$141
35 years$5,120$3,445$2,257$1,447$912$119
36 years$4,924$3,270$2,111$1,333$826$101
37 years$4,738$3,105$1,976$1,228$749$85
38 years$4,562$2,951$1,850$1,132$679$72
39 years$4,396$2,806$1,734$1,043$616$61
40 years$4,238$2,670$1,625$962$559$51
41 years$4,089$2,542$1,524$888$507$43
42 years$3,947$2,420$1,429$819$460$37
43 years$3,812$2,306$1,341$756$417$31
44 years$3,683$2,198$1,259$698$379$26
45 years$3,561$2,096$1,182$645$344$22
46 years$3,444$2,000$1,110$596$312$19
47 years$3,333$1,908$1,043$550$283$16
48 years$3,226$1,822$980$509$257$13
49 years$3,124$1,740$921$470$234$11
50 years$3,027$1,662$866$435$212$9

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 $2,180 every year, while hoping to spend $23,447 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: 47/35/18 Blend
60$3,100,000$3,100,000$3,100,000$3,100,000
61$3,418,449$3,254,149$3,206,099$3,561,583
62$3,742,183$3,388,655$3,288,556$3,795,915
63$4,098,152$3,528,965$3,372,989$4,047,564
64$4,489,620$3,675,341$3,459,440$4,320,203
65$4,920,181$3,828,052$3,547,951$4,615,801
66$5,393,797$3,987,385$3,638,565$4,936,523
67$5,914,833$4,153,634$3,731,325$5,284,746
68$6,488,096$4,327,113$3,826,275$5,663,083
69$7,118,885$4,508,145$3,923,459$6,074,406
70$7,813,039$4,697,071$4,022,922$6,521,873
71$8,576,989$4,894,248$4,124,710$7,008,954
72$9,417,823$5,100,047$4,228,869$7,539,465
73$10,343,351$5,314,859$4,335,446$8,117,604
74$11,362,177$5,539,092$4,444,487$8,747,985
75$12,483,783$5,773,171$4,556,042$9,435,686
76$13,718,617$6,017,545$4,670,157$10,186,290
77$15,078,191$6,272,679$4,786,883$11,005,941
78$16,575,190$6,539,064$4,906,267$11,901,398
79$18,223,592$6,817,211$5,028,360$12,880,098
80$20,038,800$7,107,656$5,153,211$13,950,225
81$22,037,786$7,410,959$5,280,872$15,120,783
82$24,239,251$7,727,708$5,411,393$16,401,686
83$26,663,805$8,058,516$5,544,824$17,803,842
84$29,334,156$8,404,026$5,681,219$19,339,258
85$32,275,328$8,764,912$5,820,628$21,021,153
86$35,514,896$9,141,877$5,963,104$22,864,077
87$39,083,246$9,535,659$6,108,698$24,884,047
88$43,013,861$9,947,030$6,257,463$27,098,701
89$47,343,639$10,376,799$6,409,452$29,527,455
90$52,113,238$10,825,810$6,564,717$32,191,689
91$57,367,464$11,294,950$6,723,311$35,114,944
92$63,155,689$11,785,147$6,885,285$38,323,143
93$69,532,321$12,297,370$7,050,694$41,844,831
94$76,557,313$12,832,637$7,219,588$45,711,444
95$84,296,735$13,392,013$7,392,020$49,957,603
96$92,823,391$13,976,610$7,568,042$54,621,436
97$102,217,511$14,587,597$7,747,704$59,744,933
98$112,567,503$15,226,196$7,931,059$65,374,344
99$123,970,795$15,893,686$8,118,156$71,560,610
100$136,534,746$16,591,407$8,309,045$78,359,839