Can I retire at age 61 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$264,253$261,899$259,603$257,361$255,172$253,884
2 years$130,818$128,382$126,021$123,731$121,511$120,210
3 years$86,346$83,899$81,544$79,276$77,091$75,819
4 years$64,114$61,675$59,343$57,114$54,982$53,748
5 years$50,778$48,354$46,053$43,869$41,797$40,604
6 years$41,891$39,484$37,217$35,082$33,072$31,923
7 years$35,545$33,159$30,928$28,843$26,897$25,792
8 years$30,788$28,423$26,229$24,196$22,313$21,252
9 years$27,090$24,748$22,591$20,609$18,791$17,774
10 years$24,133$21,814$19,696$17,766$16,011$15,037
11 years$21,716$19,420$17,340$15,461$13,770$12,839
12 years$19,703$17,430$15,388$13,562$11,933$11,043
13 years$18,000$15,752$13,749$11,973$10,406$9,557
14 years$16,543$14,318$12,353$10,628$9,121$8,313
15 years$15,281$13,080$11,153$9,478$8,031$7,262
16 years$14,177$12,000$10,112$8,487$7,098$6,367
17 years$13,205$11,052$9,202$7,625$6,294$5,599
18 years$12,341$10,212$8,400$6,872$5,596$4,937
19 years$11,569$9,465$7,690$6,210$4,988$4,364
20 years$10,876$8,795$7,057$5,624$4,455$3,865
21 years$10,249$8,192$6,491$5,104$3,987$3,428
22 years$9,680$7,647$5,983$4,641$3,574$3,046
23 years$9,161$7,152$5,524$4,226$3,208$2,710
24 years$8,686$6,701$5,109$3,855$2,883$2,414
25 years$8,250$6,289$4,732$3,520$2,595$2,152
26 years$7,848$5,910$4,388$3,219$2,337$1,921
27 years$7,477$5,562$4,075$2,946$2,107$1,716
28 years$7,132$5,241$3,788$2,699$1,901$1,534
29 years$6,812$4,945$3,525$2,475$1,717$1,372
30 years$6,514$4,670$3,284$2,272$1,551$1,228
31 years$6,235$4,414$3,061$2,087$1,402$1,099
32 years$5,975$4,177$2,856$1,918$1,269$985
33 years$5,731$3,956$2,667$1,763$1,148$882
34 years$5,501$3,749$2,492$1,622$1,039$791
35 years$5,286$3,556$2,330$1,494$942$709
36 years$5,082$3,375$2,179$1,376$853$636
37 years$4,890$3,206$2,040$1,267$773$571
38 years$4,709$3,046$1,910$1,168$701$512
39 years$4,538$2,897$1,790$1,077$636$460
40 years$4,375$2,756$1,677$993$577$413
41 years$4,221$2,624$1,573$917$523$371
42 years$4,074$2,499$1,475$846$475$333
43 years$3,935$2,381$1,384$781$431$299
44 years$3,802$2,269$1,300$721$391$269
45 years$3,676$2,164$1,220$666$355$241
46 years$3,555$2,064$1,146$615$322$217
47 years$3,440$1,970$1,077$568$293$195
48 years$3,330$1,881$1,012$525$266$175
49 years$3,225$1,796$951$485$241$157
50 years$3,124$1,715$894$449$219$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,200,000, adding $6,135 every year, while hoping to spend $46,853 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: 54/35/11 Blend
60$3,200,000$3,200,000$3,200,000$3,200,000
61$3,532,728$3,363,128$3,313,528$3,713,247
62$3,843,215$3,478,070$3,374,680$3,951,429
63$4,183,802$3,597,074$3,436,310$4,204,923
64$4,557,508$3,720,290$3,498,386$4,479,727
65$4,967,662$3,847,872$3,560,869$4,777,873
66$5,417,928$3,979,982$3,623,723$5,101,598
67$5,912,343$4,116,788$3,686,904$5,453,361
68$6,455,355$4,258,463$3,750,369$5,835,867
69$7,051,863$4,405,189$3,814,068$6,252,092
70$7,707,263$4,557,154$3,877,949$6,705,312
71$8,427,502$4,714,553$3,941,958$7,199,131
72$9,219,130$4,877,588$4,006,036$7,737,513
73$10,089,362$5,046,470$4,070,119$8,324,823
74$11,046,148$5,221,419$4,134,140$8,965,867
75$12,098,249$5,402,662$4,198,027$9,665,930
76$13,255,314$5,590,436$4,261,705$10,430,835
77$14,527,975$5,784,987$4,325,091$11,266,990
78$15,927,948$5,986,571$4,388,101$12,181,450
79$17,468,138$6,195,452$4,450,642$13,181,983
80$19,162,768$6,411,908$4,512,617$14,277,143
81$21,027,505$6,636,227$4,573,925$15,476,347
82$23,079,614$6,868,706$4,634,456$16,789,967
83$25,338,119$7,109,657$4,694,094$18,229,425
84$27,823,979$7,359,402$4,752,719$19,807,298
85$30,560,291$7,618,279$4,810,200$21,537,440
86$33,572,501$7,886,635$4,866,403$23,435,106
87$36,888,652$8,164,835$4,921,182$25,517,100
88$40,539,640$8,453,258$4,974,388$27,801,932
89$44,559,512$8,752,296$5,025,858$30,309,988
90$48,985,782$9,062,359$5,075,425$33,063,723
91$53,859,791$9,383,873$5,122,910$36,087,874
92$59,227,088$9,717,281$5,168,126$39,409,689
93$65,137,867$10,063,045$5,210,875$43,059,185
94$71,647,439$10,421,643$5,250,949$47,069,429
95$78,816,751$10,793,577$5,288,129$51,476,847
96$86,712,963$11,179,366$5,322,184$56,321,570
97$95,410,081$11,579,550$5,352,873$61,647,810
98$104,989,656$11,994,694$5,379,940$67,504,273
99$115,541,551$12,425,385$5,403,119$73,944,622
100$127,164,792$12,872,232$5,422,126$81,027,977