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

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$272,511$270,084$267,715$265,404$263,147$259,321
2 years$134,906$132,394$129,959$127,598$125,308$121,462
3 years$89,044$86,521$84,092$81,753$79,500$75,753
4 years$66,118$63,602$61,197$58,899$56,700$53,081
5 years$52,365$49,865$47,492$45,240$43,103$39,622
6 years$43,200$40,718$38,380$36,179$34,106$30,767
7 years$36,656$34,195$31,894$29,744$27,737$24,542
8 years$31,750$29,312$27,049$24,952$23,011$19,959
9 years$27,937$25,521$23,297$21,253$19,378$16,468
10 years$24,887$22,496$20,311$18,321$16,511$13,741
11 years$22,394$20,026$17,881$15,944$14,200$11,566
12 years$20,318$17,975$15,869$13,985$12,306$9,805
13 years$18,563$16,244$14,178$12,347$10,731$8,360
14 years$17,060$14,765$12,739$10,960$9,406$7,163
15 years$15,758$13,488$11,502$9,775$8,282$6,161
16 years$14,620$12,375$10,428$8,752$7,320$5,317
17 years$13,617$11,397$9,489$7,864$6,490$4,601
18 years$12,727$10,531$8,662$7,087$5,771$3,992
19 years$11,931$9,760$7,930$6,404$5,144$3,470
20 years$11,216$9,070$7,278$5,800$4,594$3,021
21 years$10,569$8,448$6,694$5,264$4,112$2,635
22 years$9,982$7,886$6,170$4,786$3,685$2,301
23 years$9,447$7,376$5,697$4,359$3,308$2,012
24 years$8,958$6,911$5,268$3,975$2,973$1,760
25 years$8,508$6,485$4,880$3,630$2,676$1,542
26 years$8,093$6,095$4,526$3,319$2,410$1,351
27 years$7,710$5,736$4,202$3,038$2,173$1,185
28 years$7,355$5,405$3,907$2,784$1,961$1,040
29 years$7,025$5,099$3,635$2,553$1,770$913
30 years$6,717$4,816$3,386$2,343$1,600$802
31 years$6,430$4,552$3,157$2,152$1,446$705
32 years$6,162$4,307$2,945$1,977$1,308$619
33 years$5,910$4,079$2,750$1,818$1,184$545
34 years$5,673$3,866$2,570$1,673$1,072$479
35 years$5,451$3,667$2,402$1,540$971$421
36 years$5,241$3,481$2,247$1,418$880$371
37 years$5,043$3,306$2,104$1,307$797$326
38 years$4,856$3,142$1,970$1,205$723$287
39 years$4,679$2,987$1,846$1,111$655$253
40 years$4,512$2,842$1,730$1,025$595$222
41 years$4,353$2,706$1,622$945$539$196
42 years$4,201$2,577$1,522$872$489$172
43 years$4,058$2,455$1,428$805$444$152
44 years$3,921$2,340$1,340$744$403$134
45 years$3,791$2,232$1,258$687$366$118
46 years$3,666$2,129$1,182$634$332$104
47 years$3,548$2,032$1,110$586$302$91
48 years$3,434$1,939$1,043$541$274$80
49 years$3,326$1,852$981$500$249$71
50 years$3,222$1,769$922$463$226$62

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 $4,334 every year, while hoping to spend $44,629 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: 23/50/27 Blend
60$3,300,000$3,300,000$3,300,000$3,300,000
61$3,641,071$3,466,171$3,415,021$3,693,562
62$3,964,975$3,588,528$3,481,939$3,861,470
63$4,320,422$3,715,385$3,549,603$4,037,065
64$4,710,581$3,846,915$3,617,991$4,224,113
65$5,138,945$3,983,299$3,687,079$4,423,589
66$5,609,361$4,124,724$3,756,839$4,636,558
67$6,126,066$4,271,386$3,827,243$4,864,188
68$6,693,728$4,423,487$3,898,259$5,107,761
69$7,317,489$4,581,239$3,969,853$5,368,682
70$8,003,017$4,744,863$4,041,986$5,648,490
71$8,756,550$4,914,588$4,114,618$5,948,879
72$9,584,967$5,090,651$4,187,707$6,271,702
73$10,495,843$5,273,302$4,261,204$6,618,999
74$11,497,524$5,462,799$4,335,060$6,993,005
75$12,599,207$5,659,411$4,409,219$7,396,178
76$13,811,022$5,863,419$4,483,625$7,831,217
77$15,144,134$6,075,114$4,558,214$8,301,087
78$16,610,841$6,294,800$4,632,919$8,809,046
79$18,224,696$6,522,794$4,707,671$9,358,675
80$20,000,629$6,759,426$4,782,392$9,953,912
81$21,955,094$7,005,038$4,857,003$10,599,083
82$24,106,218$7,259,989$4,931,417$11,298,947
83$26,473,975$7,524,651$5,005,542$12,058,737
84$29,080,374$7,799,413$5,079,282$12,884,208
85$31,949,667$8,084,679$5,152,532$13,781,689
86$35,108,575$8,380,870$5,225,184$14,758,146
87$38,586,543$8,688,427$5,297,121$15,821,238
88$42,416,016$9,007,805$5,368,220$16,979,395
89$46,632,746$9,339,483$5,438,351$18,241,893
90$51,276,125$9,683,957$5,507,376$19,618,939
91$56,389,565$10,041,746$5,575,148$21,121,766
92$62,020,899$10,413,390$5,641,514$22,762,740
93$68,222,837$10,799,452$5,706,310$24,555,470
94$75,053,459$11,200,519$5,769,365$26,514,937
95$82,576,770$11,617,202$5,830,497$28,657,634
96$90,863,297$12,050,141$5,889,514$31,001,719
97$99,990,755$12,500,000$5,946,215$33,567,183
98$110,044,785$12,967,473$6,000,386$36,376,036
99$121,119,758$13,453,284$6,051,804$39,452,515
100$133,319,667$13,958,188$6,100,233$42,823,308