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%19.6%
1 years$272,511$270,084$267,715$265,404$263,147$253,006
2 years$134,906$132,394$129,959$127,598$125,308$115,212
3 years$89,044$86,521$84,092$81,753$79,500$69,767
4 years$66,118$63,602$61,197$58,899$56,700$47,404
5 years$52,365$49,865$47,492$45,240$43,103$34,267
6 years$43,200$40,718$38,380$36,179$34,106$25,737
7 years$36,656$34,195$31,894$29,744$27,737$19,832
8 years$31,750$29,312$27,049$24,952$23,011$15,562
9 years$27,937$25,521$23,297$21,253$19,378$12,376
10 years$24,887$22,496$20,311$18,321$16,511$9,941
11 years$22,394$20,026$17,881$15,944$14,200$8,047
12 years$20,318$17,975$15,869$13,985$12,306$6,554
13 years$18,563$16,244$14,178$12,347$10,731$5,364
14 years$17,060$14,765$12,739$10,960$9,406$4,407
15 years$15,758$13,488$11,502$9,775$8,282$3,632
16 years$14,620$12,375$10,428$8,752$7,320$3,001
17 years$13,617$11,397$9,489$7,864$6,490$2,484
18 years$12,727$10,531$8,662$7,087$5,771$2,060
19 years$11,931$9,760$7,930$6,404$5,144$1,711
20 years$11,216$9,070$7,278$5,800$4,594$1,422
21 years$10,569$8,448$6,694$5,264$4,112$1,184
22 years$9,982$7,886$6,170$4,786$3,685$986
23 years$9,447$7,376$5,697$4,359$3,308$822
24 years$8,958$6,911$5,268$3,975$2,973$685
25 years$8,508$6,485$4,880$3,630$2,676$572
26 years$8,093$6,095$4,526$3,319$2,410$477
27 years$7,710$5,736$4,202$3,038$2,173$398
28 years$7,355$5,405$3,907$2,784$1,961$333
29 years$7,025$5,099$3,635$2,553$1,770$278
30 years$6,717$4,816$3,386$2,343$1,600$232
31 years$6,430$4,552$3,157$2,152$1,446$194
32 years$6,162$4,307$2,945$1,977$1,308$162
33 years$5,910$4,079$2,750$1,818$1,184$135
34 years$5,673$3,866$2,570$1,673$1,072$113
35 years$5,451$3,667$2,402$1,540$971$95
36 years$5,241$3,481$2,247$1,418$880$79
37 years$5,043$3,306$2,104$1,307$797$66
38 years$4,856$3,142$1,970$1,205$723$55
39 years$4,679$2,987$1,846$1,111$655$46
40 years$4,512$2,842$1,730$1,025$595$39
41 years$4,353$2,706$1,622$945$539$32
42 years$4,201$2,577$1,522$872$489$27
43 years$4,058$2,455$1,428$805$444$23
44 years$3,921$2,340$1,340$744$403$19
45 years$3,791$2,232$1,258$687$366$16
46 years$3,666$2,129$1,182$634$332$13
47 years$3,548$2,032$1,110$586$302$11
48 years$3,434$1,939$1,043$541$274$9
49 years$3,326$1,852$981$500$249$8
50 years$3,222$1,769$922$463$226$6

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 $6,416 every year, while hoping to spend $40,790 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: 71/16/13 Blend
60$3,300,000$3,300,000$3,300,000$3,300,000
61$3,643,218$3,468,318$3,417,168$3,891,203
62$3,971,426$3,594,865$3,488,243$4,183,021
63$4,331,744$3,726,247$3,560,332$4,496,793
64$4,727,405$3,862,655$3,633,425$4,839,200
65$5,161,968$4,004,293$3,707,513$5,213,061
66$5,639,356$4,151,371$3,782,582$5,621,477
67$6,163,890$4,304,108$3,858,618$6,067,865
68$6,740,330$4,462,733$3,935,606$6,555,986
69$7,373,921$4,627,483$4,013,525$7,089,980
70$8,070,439$4,798,608$4,092,356$7,674,406
71$8,836,249$4,976,366$4,172,076$8,314,285
72$9,678,365$5,161,026$4,252,659$9,015,147
73$10,604,513$5,352,871$4,334,078$9,783,079
74$11,623,205$5,552,193$4,416,301$10,624,788
75$12,743,820$5,759,299$4,499,295$11,547,659
76$13,976,692$5,974,506$4,583,024$12,559,825
77$15,333,206$6,198,149$4,667,447$13,670,247
78$16,825,908$6,430,573$4,752,521$14,888,791
79$18,468,619$6,672,140$4,838,199$16,226,327
80$20,276,572$6,923,228$4,924,432$17,694,830
81$22,266,546$7,184,230$5,011,164$19,307,487
82$24,457,033$7,455,557$5,098,338$21,078,828
83$26,868,407$7,737,636$5,185,889$23,024,858
84$29,523,120$8,030,916$5,273,752$25,163,209
85$32,445,909$8,335,861$5,361,853$27,513,305
86$35,664,032$8,652,959$5,450,116$30,096,545
87$39,207,526$8,982,716$5,538,457$32,936,505
88$43,109,488$9,325,664$5,626,790$36,059,157
89$47,406,388$9,682,353$5,715,019$39,493,118
90$52,138,413$10,053,362$5,803,046$43,269,913
91$57,349,847$10,439,293$5,890,764$47,424,279
92$63,089,487$10,840,774$5,978,060$51,994,485
93$69,411,103$11,258,460$6,064,814$57,022,698
94$76,373,949$11,693,038$6,150,899$62,555,376
95$84,043,317$12,145,222$6,236,179$68,643,707
96$92,491,156$12,615,759$6,320,511$75,344,093
97$101,796,750$13,105,427$6,403,745$82,718,677
98$112,047,467$13,615,042$6,485,719$90,835,932
99$123,339,582$14,145,452$6,566,264$99,771,308
100$135,779,186$14,697,545$6,645,200$109,607,936