Can I retire at age 61 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$297,285$294,637$292,053$289,531$287,069$283,013
2 years$147,171$144,430$141,773$139,198$136,700$132,621
3 years$97,139$94,386$91,737$89,185$86,728$82,753
4 years$72,128$69,384$66,761$64,253$61,855$58,015
5 years$57,126$54,398$51,809$49,352$47,021$43,328
6 years$47,127$44,420$41,869$39,468$37,206$33,663
7 years$39,988$37,304$34,794$32,448$30,259$26,867
8 years$34,637$31,976$29,508$27,220$25,102$21,862
9 years$30,476$27,841$25,415$23,186$21,140$18,049
10 years$27,150$24,541$22,157$19,986$18,012$15,069
11 years$24,430$21,847$19,507$17,394$15,491$12,692
12 years$22,165$19,609$17,312$15,257$13,424$10,767
13 years$20,251$17,721$15,467$13,470$11,706$9,186
14 years$18,611$16,107$13,897$11,957$10,262$7,875
15 years$17,191$14,714$12,547$10,663$9,035$6,778
16 years$15,949$13,500$11,376$9,548$7,985$5,854
17 years$14,855$12,433$10,352$8,579$7,080$5,070
18 years$13,884$11,489$9,450$7,731$6,295$4,401
19 years$13,016$10,648$8,651$6,986$5,611$3,829
20 years$12,235$9,894$7,939$6,327$5,012$3,336
21 years$11,530$9,216$7,303$5,742$4,485$2,912
22 years$10,890$8,603$6,731$5,221$4,020$2,545
23 years$10,306$8,046$6,214$4,755$3,609$2,226
24 years$9,772$7,539$5,747$4,337$3,244$1,950
25 years$9,281$7,075$5,323$3,960$2,919$1,709
26 years$8,829$6,649$4,937$3,621$2,629$1,499
27 years$8,411$6,258$4,584$3,315$2,371$1,316
28 years$8,024$5,897$4,262$3,037$2,139$1,156
29 years$7,664$5,563$3,966$2,785$1,931$1,015
30 years$7,328$5,253$3,694$2,556$1,745$893
31 years$7,015$4,966$3,444$2,347$1,578$785
32 years$6,722$4,699$3,213$2,157$1,427$690
33 years$6,447$4,450$3,000$1,984$1,292$608
34 years$6,189$4,218$2,803$1,825$1,169$535
35 years$5,946$4,000$2,621$1,680$1,059$471
36 years$5,718$3,797$2,452$1,547$960$415
37 years$5,502$3,606$2,295$1,426$870$365
38 years$5,298$3,427$2,149$1,314$789$322
39 years$5,105$3,259$2,013$1,212$715$283
40 years$4,922$3,101$1,887$1,118$649$250
41 years$4,748$2,951$1,770$1,031$588$220
42 years$4,583$2,811$1,660$952$534$194
43 years$4,427$2,678$1,558$878$485$171
44 years$4,277$2,553$1,462$811$440$151
45 years$4,135$2,434$1,373$749$399$133
46 years$3,999$2,322$1,289$692$363$117
47 years$3,870$2,216$1,211$639$329$103
48 years$3,746$2,116$1,138$591$299$91
49 years$3,628$2,020$1,070$546$272$80
50 years$3,515$1,930$1,006$505$247$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,600,000, adding $2,270 every year, while hoping to spend $32,203 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: 70/24/6 Blend
60$3,600,000$3,600,000$3,600,000$3,600,000
61$3,969,542$3,778,742$3,722,942$4,244,100
62$4,340,171$3,929,636$3,813,396$4,576,720
63$4,747,525$4,086,845$3,905,802$4,936,354
64$5,195,317$4,250,644$4,000,190$5,328,966
65$5,687,634$4,421,321$4,096,592$5,757,785
66$6,228,984$4,599,177$4,195,038$6,226,365
67$6,824,329$4,784,525$4,295,561$6,738,615
68$7,479,139$4,977,695$4,398,191$7,298,839
69$8,199,439$5,179,031$4,502,958$7,911,775
70$8,991,870$5,388,891$4,609,895$8,582,635
71$9,863,745$5,607,651$4,719,031$9,317,160
72$10,823,124$5,835,703$4,830,396$10,121,667
73$11,878,888$6,073,458$4,944,020$11,003,112
74$13,040,822$6,321,345$5,059,932$11,969,153
75$14,319,708$6,579,812$5,178,161$13,028,221
76$15,727,424$6,849,329$5,298,736$14,189,602
77$17,277,062$7,130,387$5,421,683$15,463,517
78$18,983,043$7,423,497$5,547,031$16,861,224
79$20,861,263$7,729,197$5,674,806$18,395,120
80$22,929,231$8,048,048$5,805,032$20,078,856
81$25,206,247$8,380,636$5,937,734$21,927,467
82$27,713,572$8,727,576$6,072,937$23,957,513
83$30,474,638$9,089,508$6,210,661$26,187,231
84$33,515,262$9,467,105$6,350,930$28,636,707
85$36,863,895$9,861,069$6,493,762$31,328,065
86$40,551,886$10,272,135$6,639,176$34,285,676
87$44,613,779$10,701,071$6,787,189$37,536,381
88$49,087,642$11,148,681$6,937,818$41,109,750
89$54,015,422$11,615,807$7,091,075$45,038,352
90$59,443,342$12,103,328$7,246,973$49,358,067
91$65,422,338$12,612,166$7,405,521$54,108,420
92$72,008,538$13,143,284$7,566,728$59,332,951
93$79,263,794$13,697,690$7,730,598$65,079,628
94$87,256,263$14,276,438$7,897,135$71,401,291
95$96,061,052$14,880,634$8,066,340$78,356,158
96$105,760,926$15,511,432$8,238,209$86,008,364
97$116,447,089$16,170,041$8,412,737$94,428,568
98$128,220,045$16,857,726$8,589,917$103,694,617
99$141,190,546$17,575,811$8,769,736$113,892,278
100$155,480,638$18,325,682$8,952,178$125,116,045