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%11.8%
1 years$297,285$294,637$292,053$289,531$287,069$284,902
2 years$147,171$144,430$141,773$139,198$136,700$134,515
3 years$97,139$94,386$91,737$89,185$86,728$84,593
4 years$72,128$69,384$66,761$64,253$61,855$59,786
5 years$57,126$54,398$51,809$49,352$47,021$45,025
6 years$47,127$44,420$41,869$39,468$37,206$35,285
7 years$39,988$37,304$34,794$32,448$30,259$28,413
8 years$34,637$31,976$29,508$27,220$25,102$23,333
9 years$30,476$27,841$25,415$23,186$21,140$19,446
10 years$27,150$24,541$22,157$19,986$18,012$16,393
11 years$24,430$21,847$19,507$17,394$15,491$13,945
12 years$22,165$19,609$17,312$15,257$13,424$11,950
13 years$20,251$17,721$15,467$13,470$11,706$10,302
14 years$18,611$16,107$13,897$11,957$10,262$8,926
15 years$17,191$14,714$12,547$10,663$9,035$7,766
16 years$15,949$13,500$11,376$9,548$7,985$6,781
17 years$14,855$12,433$10,352$8,579$7,080$5,939
18 years$13,884$11,489$9,450$7,731$6,295$5,215
19 years$13,016$10,648$8,651$6,986$5,611$4,589
20 years$12,235$9,894$7,939$6,327$5,012$4,047
21 years$11,530$9,216$7,303$5,742$4,485$3,574
22 years$10,890$8,603$6,731$5,221$4,020$3,161
23 years$10,306$8,046$6,214$4,755$3,609$2,800
24 years$9,772$7,539$5,747$4,337$3,244$2,483
25 years$9,281$7,075$5,323$3,960$2,919$2,203
26 years$8,829$6,649$4,937$3,621$2,629$1,957
27 years$8,411$6,258$4,584$3,315$2,371$1,740
28 years$8,024$5,897$4,262$3,037$2,139$1,548
29 years$7,664$5,563$3,966$2,785$1,931$1,378
30 years$7,328$5,253$3,694$2,556$1,745$1,227
31 years$7,015$4,966$3,444$2,347$1,578$1,093
32 years$6,722$4,699$3,213$2,157$1,427$975
33 years$6,447$4,450$3,000$1,984$1,292$869
34 years$6,189$4,218$2,803$1,825$1,169$775
35 years$5,946$4,000$2,621$1,680$1,059$692
36 years$5,718$3,797$2,452$1,547$960$617
37 years$5,502$3,606$2,295$1,426$870$551
38 years$5,298$3,427$2,149$1,314$789$492
39 years$5,105$3,259$2,013$1,212$715$440
40 years$4,922$3,101$1,887$1,118$649$393
41 years$4,748$2,951$1,770$1,031$588$351
42 years$4,583$2,811$1,660$952$534$313
43 years$4,427$2,678$1,558$878$485$280
44 years$4,277$2,553$1,462$811$440$250
45 years$4,135$2,434$1,373$749$399$224
46 years$3,999$2,322$1,289$692$363$200
47 years$3,870$2,216$1,211$639$329$179
48 years$3,746$2,116$1,138$591$299$160
49 years$3,628$2,020$1,070$546$272$143
50 years$3,515$1,930$1,006$505$247$128

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 $6,329 every year, while hoping to spend $56,018 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: 58/23/19 Blend
60$3,600,000$3,600,000$3,600,000$3,600,000
61$3,973,728$3,782,928$3,727,128$4,183,932
62$4,319,446$3,908,689$3,792,384$4,453,135
63$4,698,549$4,038,735$3,857,949$4,739,838
64$5,114,384$4,173,216$3,923,774$5,051,144
65$5,570,637$4,312,289$3,989,806$5,389,436
66$6,071,367$4,456,116$4,055,989$5,757,338
67$6,621,046$4,604,865$4,122,264$6,157,737
68$7,224,600$4,758,711$4,188,567$6,593,811
69$7,887,455$4,917,833$4,254,830$7,069,058
70$8,615,588$5,082,420$4,320,979$7,587,330
71$9,415,585$5,252,665$4,386,939$8,152,868
72$10,294,699$5,428,771$4,452,626$8,770,341
73$11,260,923$5,610,945$4,517,954$9,444,890
74$12,323,061$5,799,405$4,582,829$10,182,178
75$13,490,813$5,994,376$4,647,153$10,988,439
76$14,774,866$6,196,090$4,710,823$11,870,540
77$16,186,994$6,404,790$4,773,727$12,836,044
78$17,740,169$6,620,727$4,835,749$13,893,279
79$19,448,684$6,844,161$4,896,765$15,051,420
80$21,328,288$7,075,362$4,956,644$16,320,571
81$23,396,329$7,314,611$5,015,248$17,711,864
82$25,671,926$7,562,198$5,072,430$19,237,559
83$28,176,143$7,818,427$5,128,037$20,911,162
84$30,932,190$8,083,609$5,181,906$22,747,551
85$33,965,638$8,358,071$5,233,865$24,763,118
86$37,304,667$8,642,150$5,283,733$26,975,918
87$40,980,324$8,936,197$5,331,319$29,405,843
88$45,026,822$9,240,575$5,376,423$32,074,810
89$49,481,857$9,555,663$5,418,833$35,006,962
90$54,386,968$9,881,852$5,458,326$38,228,901
91$59,787,927$10,219,551$5,494,667$41,769,934
92$65,735,168$10,569,181$5,527,611$45,662,352
93$72,284,267$10,931,183$5,556,898$49,941,731
94$79,496,464$11,306,013$5,582,256$54,647,270
95$87,439,240$11,694,144$5,603,398$59,822,160
96$96,186,955$12,096,069$5,620,024$65,513,987
97$105,821,547$12,512,299$5,631,817$71,775,186
98$116,433,308$12,943,365$5,638,447$78,663,532
99$128,121,735$13,389,820$5,639,564$86,242,682
100$140,996,466$13,852,235$5,634,804$94,582,782