Can I retire at age 61 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$272,511$270,084$267,715$265,404$263,147$253,508
2 years$134,906$132,394$129,959$127,598$125,308$115,704
3 years$89,044$86,521$84,092$81,753$79,500$70,234
4 years$66,118$63,602$61,197$58,899$56,700$47,842
5 years$52,365$49,865$47,492$45,240$43,103$34,675
6 years$43,200$40,718$38,380$36,179$34,106$26,115
7 years$36,656$34,195$31,894$29,744$27,737$20,181
8 years$31,750$29,312$27,049$24,952$23,011$15,883
9 years$27,937$25,521$23,297$21,253$19,378$12,670
10 years$24,887$22,496$20,311$18,321$16,511$10,209
11 years$22,394$20,026$17,881$15,944$14,200$8,292
12 years$20,318$17,975$15,869$13,985$12,306$6,776
13 years$18,563$16,244$14,178$12,347$10,731$5,564
14 years$17,060$14,765$12,739$10,960$9,406$4,587
15 years$15,758$13,488$11,502$9,775$8,282$3,794
16 years$14,620$12,375$10,428$8,752$7,320$3,146
17 years$13,617$11,397$9,489$7,864$6,490$2,614
18 years$12,727$10,531$8,662$7,087$5,771$2,176
19 years$11,931$9,760$7,930$6,404$5,144$1,814
20 years$11,216$9,070$7,278$5,800$4,594$1,514
21 years$10,569$8,448$6,694$5,264$4,112$1,265
22 years$9,982$7,886$6,170$4,786$3,685$1,058
23 years$9,447$7,376$5,697$4,359$3,308$885
24 years$8,958$6,911$5,268$3,975$2,973$741
25 years$8,508$6,485$4,880$3,630$2,676$621
26 years$8,093$6,095$4,526$3,319$2,410$520
27 years$7,710$5,736$4,202$3,038$2,173$436
28 years$7,355$5,405$3,907$2,784$1,961$365
29 years$7,025$5,099$3,635$2,553$1,770$306
30 years$6,717$4,816$3,386$2,343$1,600$257
31 years$6,430$4,552$3,157$2,152$1,446$216
32 years$6,162$4,307$2,945$1,977$1,308$181
33 years$5,910$4,079$2,750$1,818$1,184$152
34 years$5,673$3,866$2,570$1,673$1,072$127
35 years$5,451$3,667$2,402$1,540$971$107
36 years$5,241$3,481$2,247$1,418$880$90
37 years$5,043$3,306$2,104$1,307$797$75
38 years$4,856$3,142$1,970$1,205$723$63
39 years$4,679$2,987$1,846$1,111$655$53
40 years$4,512$2,842$1,730$1,025$595$45
41 years$4,353$2,706$1,622$945$539$37
42 years$4,201$2,577$1,522$872$489$31
43 years$4,058$2,455$1,428$805$444$26
44 years$3,921$2,340$1,340$744$403$22
45 years$3,791$2,232$1,258$687$366$19
46 years$3,666$2,129$1,182$634$332$16
47 years$3,548$2,032$1,110$586$302$13
48 years$3,434$1,939$1,043$541$274$11
49 years$3,326$1,852$981$500$249$9
50 years$3,222$1,769$922$463$226$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,300,000, adding $3,872 every year, while hoping to spend $56,852 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: 62/30/8 Blend
60$3,300,000$3,300,000$3,300,000$3,300,000
61$3,640,594$3,465,694$3,414,544$3,860,046
62$3,951,444$3,575,023$3,468,441$4,116,492
63$4,292,096$3,687,803$3,522,238$4,389,333
64$4,665,529$3,804,145$3,575,872$4,685,682
65$5,075,025$3,924,160$3,629,276$5,007,814
66$5,524,198$4,047,964$3,682,377$5,358,227
67$6,017,029$4,175,677$3,735,100$5,739,673
68$6,557,904$4,307,424$3,787,364$6,155,182
69$7,151,654$4,443,331$3,839,084$6,608,087
70$7,803,598$4,583,530$3,890,169$7,102,056
71$8,519,599$4,728,156$3,940,523$7,641,131
72$9,306,112$4,877,351$3,990,045$8,229,757
73$10,170,252$5,031,257$4,038,628$8,872,833
74$11,119,854$5,190,025$4,086,158$9,575,749
75$12,163,551$5,353,808$4,132,516$10,344,443
76$13,310,854$5,522,765$4,177,576$11,185,452
77$14,572,239$5,697,059$4,221,203$12,105,976
78$15,959,252$5,876,859$4,263,258$13,113,943
79$17,484,611$6,062,340$4,303,592$14,218,087
80$19,162,327$6,253,681$4,342,049$15,428,025
81$21,007,841$6,451,068$4,378,464$16,754,351
82$23,038,163$6,654,692$4,412,664$18,208,733
83$25,272,034$6,864,751$4,444,467$19,804,024
84$27,730,105$7,081,447$4,473,681$21,554,381
85$30,435,130$7,304,992$4,500,103$23,475,400
86$33,412,179$7,535,603$4,523,522$25,584,262
87$36,688,876$7,773,502$4,543,715$27,899,892
88$40,295,659$8,018,920$4,560,446$30,443,140
89$44,266,065$8,272,097$4,573,471$33,236,977
90$48,637,051$8,533,277$4,582,529$36,306,706
91$53,449,337$8,802,714$4,587,351$39,680,209
92$58,747,792$9,080,670$4,587,649$43,388,200
93$64,581,858$9,367,414$4,583,127$47,464,522
94$71,006,015$9,663,225$4,573,469$51,946,458
95$78,080,296$9,968,390$4,558,348$56,875,089
96$85,870,851$10,283,206$4,537,417$62,295,677
97$94,450,573$10,607,978$4,510,316$68,258,092
98$103,899,785$10,943,022$4,476,665$74,817,283
99$114,306,996$11,288,664$4,436,067$82,033,792
100$125,769,741$11,645,240$4,388,106$89,974,331