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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$289,027$286,452$283,940$281,489$279,095$275,607
2 years$143,083$140,418$137,835$135,331$132,902$129,393
3 years$94,441$91,765$89,188$86,708$84,319$80,897
4 years$70,125$67,457$64,906$62,468$60,137$56,829
5 years$55,539$52,887$50,370$47,982$45,715$42,530
6 years$45,818$43,186$40,706$38,371$36,173$33,115
7 years$38,878$36,268$33,827$31,547$29,418$26,489
8 years$33,674$31,088$28,688$26,464$24,405$21,604
9 years$29,630$27,068$24,709$22,542$20,553$17,878
10 years$26,396$23,859$21,542$19,431$17,512$14,963
11 years$23,752$21,240$18,965$16,911$15,061$12,634
12 years$21,550$19,064$16,831$14,833$13,051$10,745
13 years$19,688$17,228$15,038$13,095$11,381$9,192
14 years$18,094$15,660$13,511$11,625$9,977$7,901
15 years$16,713$14,306$12,199$10,367$8,784$6,819
16 years$15,506$13,125$11,060$9,283$7,763$5,905
17 years$14,443$12,088$10,064$8,340$6,884$5,129
18 years$13,498$11,170$9,187$7,516$6,121$4,465
19 years$12,654$10,352$8,411$6,792$5,455$3,896
20 years$11,895$9,620$7,719$6,151$4,873$3,405
21 years$11,210$8,960$7,100$5,583$4,361$2,981
22 years$10,587$8,364$6,544$5,076$3,909$2,613
23 years$10,020$7,823$6,042$4,623$3,509$2,293
24 years$9,501$7,329$5,588$4,216$3,154$2,014
25 years$9,024$6,878$5,175$3,850$2,838$1,771
26 years$8,584$6,464$4,800$3,521$2,556$1,558
27 years$8,177$6,084$4,457$3,223$2,305$1,372
28 years$7,801$5,733$4,143$2,953$2,080$1,209
29 years$7,451$5,408$3,856$2,708$1,878$1,066
30 years$7,124$5,107$3,592$2,485$1,697$940
31 years$6,820$4,828$3,348$2,282$1,534$829
32 years$6,535$4,569$3,124$2,097$1,388$732
33 years$6,268$4,326$2,917$1,929$1,256$646
34 years$6,017$4,100$2,725$1,775$1,137$571
35 years$5,781$3,889$2,548$1,634$1,030$504
36 years$5,559$3,691$2,384$1,504$933$445
37 years$5,349$3,506$2,231$1,386$846$394
38 years$5,151$3,332$2,089$1,278$767$348
39 years$4,963$3,168$1,957$1,178$695$308
40 years$4,785$3,014$1,835$1,087$631$272
41 years$4,616$2,869$1,720$1,003$572$240
42 years$4,456$2,733$1,614$925$519$213
43 years$4,304$2,604$1,514$854$471$188
44 years$4,158$2,482$1,421$789$428$166
45 years$4,020$2,367$1,335$728$388$147
46 years$3,888$2,258$1,254$673$352$130
47 years$3,763$2,155$1,178$622$320$115
48 years$3,642$2,057$1,107$574$291$102
49 years$3,527$1,964$1,040$531$264$90
50 years$3,417$1,876$978$491$240$80

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 $4,827 every year, while hoping to spend $56,620 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: 54/37/9 Blend
60$3,500,000$3,500,000$3,500,000$3,500,000
61$3,861,979$3,676,479$3,622,229$4,061,680
62$4,195,658$3,796,383$3,683,330$4,317,439
63$4,561,474$3,920,265$3,744,581$4,589,053
64$4,962,646$4,048,260$3,805,926$4,883,316
65$5,402,718$4,180,507$3,867,307$5,202,387
66$5,885,595$4,317,152$3,928,662$5,548,639
67$6,415,578$4,458,344$3,989,924$5,924,684
68$6,997,402$4,604,238$4,051,022$6,333,394
69$7,636,287$4,754,996$4,111,881$6,777,930
70$8,337,980$4,910,783$4,172,421$7,261,770
71$9,108,814$5,071,771$4,232,557$7,788,741
72$9,955,765$5,238,139$4,292,199$8,363,056
73$10,886,516$5,410,071$4,351,251$8,989,350
74$11,909,535$5,587,759$4,409,613$9,672,726
75$13,034,149$5,771,401$4,467,176$10,418,802
76$14,270,633$5,961,200$4,523,827$11,233,762
77$15,630,310$6,157,371$4,579,447$12,124,415
78$17,125,651$6,360,132$4,633,909$13,098,256
79$18,770,401$6,569,712$4,687,077$14,163,541
80$20,579,700$6,786,345$4,738,812$15,329,358
81$22,570,230$7,010,278$4,788,964$16,605,715
82$24,760,375$7,241,762$4,837,375$18,003,636
83$27,170,385$7,481,060$4,883,879$19,535,258
84$29,822,576$7,728,445$4,928,302$21,213,951
85$32,741,537$7,984,196$4,970,458$23,054,438
86$35,954,359$8,248,607$5,010,153$25,072,938
87$39,490,894$8,521,979$5,047,184$27,287,312
88$43,384,036$8,804,626$5,081,334$29,717,237
89$47,670,027$9,096,873$5,112,379$32,384,386
90$52,388,805$9,399,055$5,140,079$35,312,633
91$57,584,377$9,711,522$5,164,185$38,528,279
92$63,305,232$10,034,635$5,184,434$42,060,294
93$69,604,802$10,368,769$5,200,549$45,940,596
94$76,541,966$10,714,313$5,212,241$50,204,344
95$84,181,600$11,071,668$5,219,206$54,890,276
96$92,595,197$11,441,253$5,221,122$60,041,067
97$101,861,533$11,823,501$5,217,656$65,703,733
98$112,067,416$12,218,859$5,208,455$71,930,073
99$123,308,504$12,627,795$5,193,149$78,777,158
100$135,690,205$13,050,790$5,171,353$86,307,866