Can I retire at age 61 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$280,769$278,268$275,828$273,446$271,121$262,652
2 years$138,994$136,406$133,897$131,465$129,105$120,649
3 years$91,743$89,143$86,640$84,231$81,910$73,731
4 years$68,121$65,529$63,052$60,683$58,419$50,580
5 years$53,952$51,376$48,931$46,611$44,409$36,931
6 years$44,509$41,952$39,543$37,275$35,139$28,029
7 years$37,767$35,231$32,861$30,646$28,578$21,834
8 years$32,712$30,200$27,869$25,708$23,708$17,327
9 years$28,783$26,294$24,003$21,897$19,965$13,940
10 years$25,642$23,177$20,926$18,876$17,012$11,333
11 years$23,073$20,633$18,423$16,428$14,631$9,288
12 years$20,934$18,519$16,350$14,409$12,679$7,661
13 years$19,126$16,736$14,608$12,721$11,056$6,352
14 years$17,577$15,213$13,125$11,292$9,692$5,288
15 years$16,236$13,897$11,850$10,071$8,533$4,417
16 years$15,063$12,750$10,744$9,017$7,542$3,700
17 years$14,030$11,742$9,777$8,102$6,687$3,106
18 years$13,112$10,851$8,925$7,302$5,946$2,613
19 years$12,293$10,056$8,170$6,598$5,300$2,201
20 years$11,556$9,345$7,498$5,975$4,734$1,857
21 years$10,890$8,704$6,897$5,423$4,236$1,568
22 years$10,285$8,125$6,357$4,931$3,797$1,326
23 years$9,734$7,599$5,869$4,491$3,408$1,122
24 years$9,229$7,120$5,428$4,096$3,064$950
25 years$8,766$6,682$5,027$3,740$2,757$804
26 years$8,339$6,280$4,663$3,420$2,483$682
27 years$7,944$5,910$4,330$3,130$2,239$578
28 years$7,578$5,569$4,025$2,868$2,020$490
29 years$7,238$5,254$3,746$2,630$1,824$416
30 years$6,921$4,962$3,489$2,414$1,648$353
31 years$6,625$4,690$3,253$2,217$1,490$299
32 years$6,348$4,438$3,035$2,037$1,348$254
33 years$6,089$4,203$2,834$1,874$1,220$216
34 years$5,845$3,983$2,648$1,724$1,104$183
35 years$5,616$3,778$2,475$1,587$1,000$155
36 years$5,400$3,586$2,316$1,461$906$132
37 years$5,196$3,406$2,167$1,347$821$112
38 years$5,003$3,237$2,030$1,241$745$95
39 years$4,821$3,078$1,901$1,144$675$81
40 years$4,648$2,928$1,782$1,056$613$69
41 years$4,484$2,788$1,671$974$556$58
42 years$4,329$2,655$1,568$899$504$50
43 years$4,181$2,529$1,471$830$458$42
44 years$4,040$2,411$1,381$766$415$36
45 years$3,905$2,299$1,297$707$377$30
46 years$3,777$2,193$1,218$654$342$26
47 years$3,655$2,093$1,144$604$311$22
48 years$3,538$1,998$1,075$558$282$19
49 years$3,426$1,908$1,011$516$256$16
50 years$3,320$1,823$950$477$233$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,400,000, adding $4,036 every year, while hoping to spend $43,418 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: 79/10/11 Blend
60$3,400,000$3,400,000$3,400,000$3,400,000
61$3,750,963$3,570,763$3,518,063$4,039,666
62$4,087,365$3,699,534$3,589,722$4,358,676
63$4,456,625$3,833,160$3,662,326$4,702,547
64$4,862,048$3,971,832$3,735,861$5,078,541
65$5,307,276$4,115,751$3,810,312$5,489,846
66$5,796,320$4,265,124$3,885,659$5,939,976
67$6,333,599$4,420,170$3,961,883$6,432,797
68$6,923,981$4,581,114$4,038,962$6,972,569
69$7,572,830$4,748,191$4,116,869$7,563,984
70$8,286,053$4,921,647$4,195,579$8,212,206
71$9,070,160$5,101,737$4,275,060$8,922,928
72$9,932,322$5,288,728$4,355,281$9,702,415
73$10,880,440$5,482,897$4,436,204$10,557,573
74$11,923,220$5,684,534$4,517,792$11,496,006
75$13,070,252$5,893,939$4,600,001$12,526,090
76$14,332,103$6,111,428$4,682,787$13,657,052
77$15,720,417$6,337,327$4,766,099$14,899,059
78$17,248,021$6,571,978$4,849,885$16,263,308
79$18,929,051$6,815,737$4,934,088$17,762,135
80$20,779,081$7,068,974$5,018,647$19,409,131
81$22,815,270$7,332,077$5,103,495$21,219,269
82$25,056,528$7,605,449$5,188,562$23,209,044
83$27,523,688$7,889,510$5,273,773$25,396,631
84$30,239,707$8,184,699$5,359,047$27,802,052
85$33,229,881$8,491,473$5,444,299$30,447,367
86$36,522,084$8,810,310$5,529,438$33,356,882
87$40,147,027$9,141,706$5,614,365$36,557,377
88$44,138,556$9,486,182$5,698,978$40,078,358
89$48,533,960$9,844,277$5,783,166$43,952,335
90$53,374,335$10,216,556$5,866,812$48,215,130
91$58,704,959$10,603,610$5,949,793$52,906,210
92$64,575,731$11,006,052$6,031,976$58,069,064
93$71,041,631$11,424,525$6,113,223$63,751,611
94$78,163,247$11,859,696$6,193,386$70,006,649
95$86,007,342$12,312,265$6,272,308$76,892,358
96$94,647,485$12,782,960$6,349,825$84,472,843
97$104,164,745$13,272,543$6,425,761$92,818,743
98$114,648,458$13,781,806$6,499,933$102,007,891
99$126,197,065$14,311,578$6,572,144$112,126,056
100$138,919,045$14,862,726$6,642,191$123,267,745