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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.1%
1 years$255,995$253,715$251,490$249,319$247,198$246,053
2 years$126,730$124,370$122,083$119,865$117,714$116,558
3 years$83,648$81,277$78,996$76,799$74,682$73,551
4 years$62,110$59,747$57,489$55,329$53,264$52,167
5 years$49,192$46,843$44,613$42,498$40,490$39,430
6 years$40,582$38,251$36,054$33,986$32,039$31,017
7 years$34,434$32,123$29,961$27,942$26,056$25,073
8 years$29,826$27,535$25,410$23,440$21,616$20,672
9 years$26,243$23,974$21,885$19,965$18,204$17,299
10 years$23,379$21,132$19,080$17,210$15,511$14,644
11 years$21,037$18,813$16,798$14,978$13,340$12,510
12 years$19,087$16,885$14,908$13,138$11,560$10,768
13 years$17,438$15,259$13,319$11,599$10,080$9,325
14 years$16,026$13,870$11,967$10,296$8,836$8,116
15 years$14,803$12,671$10,805$9,182$7,780$7,095
16 years$13,734$11,625$9,796$8,222$6,876$6,224
17 years$12,792$10,706$8,914$7,387$6,097$5,478
18 years$11,956$9,893$8,137$6,657$5,421$4,834
19 years$11,208$9,169$7,449$6,015$4,832$4,275
20 years$10,536$8,520$6,837$5,448$4,316$3,789
21 years$9,929$7,936$6,288$4,945$3,862$3,364
22 years$9,377$7,408$5,796$4,496$3,462$2,991
23 years$8,875$6,929$5,351$4,094$3,108$2,663
24 years$8,415$6,492$4,949$3,734$2,793$2,374
25 years$7,992$6,092$4,584$3,410$2,514$2,118
26 years$7,603$5,726$4,251$3,118$2,264$1,892
27 years$7,243$5,389$3,948$2,854$2,041$1,691
28 years$6,909$5,078$3,670$2,615$1,842$1,513
29 years$6,599$4,790$3,415$2,398$1,663$1,354
30 years$6,310$4,524$3,181$2,201$1,503$1,213
31 years$6,041$4,276$2,966$2,021$1,359$1,087
32 years$5,788$4,046$2,767$1,858$1,229$974
33 years$5,552$3,832$2,584$1,708$1,112$874
34 years$5,329$3,632$2,414$1,572$1,007$784
35 years$5,120$3,445$2,257$1,447$912$704
36 years$4,924$3,270$2,111$1,333$826$632
37 years$4,738$3,105$1,976$1,228$749$567
38 years$4,562$2,951$1,850$1,132$679$510
39 years$4,396$2,806$1,734$1,043$616$458
40 years$4,238$2,670$1,625$962$559$411
41 years$4,089$2,542$1,524$888$507$370
42 years$3,947$2,420$1,429$819$460$332
43 years$3,812$2,306$1,341$756$417$299
44 years$3,683$2,198$1,259$698$379$269
45 years$3,561$2,096$1,182$645$344$242
46 years$3,444$2,000$1,110$596$312$217
47 years$3,333$1,908$1,043$550$283$195
48 years$3,226$1,822$980$509$257$176
49 years$3,124$1,740$921$470$234$158
50 years$3,027$1,662$866$435$212$142

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 $5,067 every year, while hoping to spend $40,865 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: 60/22/18 Blend
60$3,100,000$3,100,000$3,100,000$3,100,000
61$3,421,427$3,257,127$3,209,077$3,610,504
62$3,726,932$3,373,246$3,273,101$3,855,012
63$4,062,229$3,493,685$3,337,900$4,116,667
64$4,430,314$3,618,613$3,403,457$4,401,182
65$4,834,487$3,748,206$3,469,753$4,710,774
66$5,278,382$3,882,645$3,536,767$5,047,887
67$5,766,003$4,022,121$3,604,475$5,415,208
68$6,301,763$4,166,832$3,672,853$5,815,693
69$6,890,520$4,316,985$3,741,871$6,252,600
70$7,537,629$4,472,793$3,811,499$6,729,512
71$8,248,988$4,634,480$3,881,705$7,250,373
72$9,031,094$4,802,279$3,952,452$7,819,529
73$9,891,108$4,976,433$4,023,701$8,441,762
74$10,836,917$5,157,194$4,095,411$9,122,337
75$11,877,211$5,344,825$4,167,536$9,867,054
76$13,021,565$5,539,601$4,240,027$10,682,296
77$14,280,530$5,741,806$4,312,833$11,575,097
78$15,665,727$5,951,738$4,385,896$12,553,200
79$17,189,965$6,169,707$4,459,158$13,625,134
80$18,867,355$6,396,036$4,532,553$14,800,291
81$20,713,446$6,631,062$4,606,014$16,089,018
82$22,745,368$6,875,135$4,679,466$17,502,709
83$24,982,000$7,128,621$4,752,832$19,053,917
84$27,444,141$7,391,901$4,826,030$20,756,466
85$30,154,711$7,665,371$4,898,969$22,625,587
86$33,138,964$7,949,447$4,971,557$24,678,055
87$36,424,728$8,244,559$5,043,694$26,932,353
88$40,042,666$8,551,158$5,115,273$29,408,838
89$44,026,566$8,869,713$5,186,182$32,129,939
90$48,413,659$9,200,712$5,256,303$35,120,365
91$53,244,972$9,544,667$5,325,509$38,407,336
92$58,565,712$9,902,109$5,393,666$42,020,841
93$64,425,695$10,273,592$5,460,634$45,993,922
94$70,879,814$10,659,696$5,526,264$50,362,979
95$77,988,558$11,061,024$5,590,396$55,168,118
96$85,818,582$11,478,206$5,652,866$60,453,526
97$94,443,338$11,911,898$5,713,497$66,267,888
98$103,943,763$12,362,786$5,772,104$72,664,844
99$114,409,048$12,831,584$5,828,492$79,703,496
100$125,937,478$13,319,039$5,882,453$87,448,963