Can I retire at age 61 with 3,500,000?

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 $3,500,000?

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$289,027$286,452$283,940$281,489$279,095$277,685
2 years$143,083$140,418$137,835$135,331$132,902$131,480
3 years$94,441$91,765$89,188$86,708$84,319$82,927
4 years$70,125$67,457$64,906$62,468$60,137$58,787
5 years$55,539$52,887$50,370$47,982$45,715$44,411
6 years$45,818$43,186$40,706$38,371$36,173$34,916
7 years$38,878$36,268$33,827$31,547$29,418$28,210
8 years$33,674$31,088$28,688$26,464$24,405$23,245
9 years$29,630$27,068$24,709$22,542$20,553$19,440
10 years$26,396$23,859$21,542$19,431$17,512$16,447
11 years$23,752$21,240$18,965$16,911$15,061$14,042
12 years$21,550$19,064$16,831$14,833$13,051$12,079
13 years$19,688$17,228$15,038$13,095$11,381$10,453
14 years$18,094$15,660$13,511$11,625$9,977$9,093
15 years$16,713$14,306$12,199$10,367$8,784$7,943
16 years$15,506$13,125$11,060$9,283$7,763$6,964
17 years$14,443$12,088$10,064$8,340$6,884$6,124
18 years$13,498$11,170$9,187$7,516$6,121$5,400
19 years$12,654$10,352$8,411$6,792$5,455$4,773
20 years$11,895$9,620$7,719$6,151$4,873$4,227
21 years$11,210$8,960$7,100$5,583$4,361$3,750
22 years$10,587$8,364$6,544$5,076$3,909$3,332
23 years$10,020$7,823$6,042$4,623$3,509$2,964
24 years$9,501$7,329$5,588$4,216$3,154$2,640
25 years$9,024$6,878$5,175$3,850$2,838$2,354
26 years$8,584$6,464$4,800$3,521$2,556$2,101
27 years$8,177$6,084$4,457$3,223$2,305$1,877
28 years$7,801$5,733$4,143$2,953$2,080$1,677
29 years$7,451$5,408$3,856$2,708$1,878$1,500
30 years$7,124$5,107$3,592$2,485$1,697$1,343
31 years$6,820$4,828$3,348$2,282$1,534$1,202
32 years$6,535$4,569$3,124$2,097$1,388$1,077
33 years$6,268$4,326$2,917$1,929$1,256$965
34 years$6,017$4,100$2,725$1,775$1,137$865
35 years$5,781$3,889$2,548$1,634$1,030$776
36 years$5,559$3,691$2,384$1,504$933$696
37 years$5,349$3,506$2,231$1,386$846$624
38 years$5,151$3,332$2,089$1,278$767$560
39 years$4,963$3,168$1,957$1,178$695$503
40 years$4,785$3,014$1,835$1,087$631$452
41 years$4,616$2,869$1,720$1,003$572$406
42 years$4,456$2,733$1,614$925$519$364
43 years$4,304$2,604$1,514$854$471$327
44 years$4,158$2,482$1,421$789$428$294
45 years$4,020$2,367$1,335$728$388$264
46 years$3,888$2,258$1,254$673$352$237
47 years$3,763$2,155$1,178$622$320$213
48 years$3,642$2,057$1,107$574$291$192
49 years$3,527$1,964$1,040$531$264$172
50 years$3,417$1,876$978$491$240$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,500,000, adding $2,298 every year, while hoping to spend $58,753 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: 34/40/26 Blend
60$3,500,000$3,500,000$3,500,000$3,500,000
61$3,859,370$3,673,870$3,619,620$3,960,064
62$4,190,513$3,791,377$3,678,365$4,153,315
63$4,553,464$3,912,673$3,737,108$4,356,109
64$4,951,404$4,037,881$3,795,788$4,573,643
65$5,387,839$4,167,129$3,854,339$4,807,264
66$5,866,629$4,300,549$3,912,690$5,058,456
67$6,392,027$4,438,277$3,970,766$5,328,848
68$6,968,716$4,580,454$4,028,489$5,620,235
69$7,601,855$4,727,227$4,085,773$5,934,588
70$8,297,127$4,878,744$4,142,530$6,274,075
71$9,060,794$5,035,162$4,198,665$6,641,081
72$9,899,752$5,196,642$4,254,077$7,038,232
73$10,821,598$5,363,349$4,308,660$7,468,416
74$11,834,702$5,535,455$4,362,301$7,934,810
75$12,948,287$5,713,137$4,414,883$8,440,912
76$14,172,509$5,896,578$4,466,279$8,990,573
77$15,518,563$6,085,968$4,516,358$9,588,028
78$16,998,779$6,281,503$4,564,978$10,237,944
79$18,626,742$6,483,384$4,611,993$10,945,456
80$20,417,422$6,691,822$4,657,246$11,716,218
81$22,387,309$6,907,032$4,700,574$12,556,457
82$24,554,575$7,129,237$4,741,804$13,473,028
83$26,939,241$7,358,669$4,780,754$14,473,481
84$29,563,366$7,595,566$4,817,231$15,566,130
85$32,451,256$7,840,175$4,851,035$16,760,131
86$35,629,692$8,092,751$4,881,952$18,065,570
87$39,128,183$8,353,558$4,909,760$19,493,552
88$42,979,244$8,622,870$4,934,224$21,056,314
89$47,218,704$8,900,967$4,955,097$22,767,331
90$51,886,039$9,188,141$4,972,120$24,641,447
91$57,024,749$9,484,695$4,985,021$26,695,015
92$62,682,768$9,790,939$4,993,513$28,946,049
93$68,912,911$10,107,196$4,997,297$31,414,392
94$75,773,379$10,433,800$4,996,057$34,121,906
95$83,328,302$10,771,094$4,989,464$37,092,676
96$91,648,348$11,119,437$4,977,169$40,353,237
97$100,811,386$11,479,195$4,958,811$43,932,822
98$110,903,223$11,850,752$4,934,007$47,863,638
99$122,018,413$12,234,500$4,902,358$52,181,173
100$134,261,150$12,630,849$4,863,445$56,924,524