Can I retire at age 61 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$305,543$302,821$300,166$297,574$295,043$290,155
2 years$151,259$148,442$145,711$143,064$140,497$135,587
3 years$99,837$97,008$94,285$91,663$89,137$84,357
4 years$74,132$71,311$68,615$66,038$63,573$58,961
5 years$58,713$55,909$53,248$50,723$48,327$43,896
6 years$48,436$45,654$43,033$40,564$38,240$33,994
7 years$41,099$38,340$35,760$33,350$31,099$27,040
8 years$35,599$32,864$30,328$27,976$25,800$21,927
9 years$31,323$28,614$26,121$23,830$21,727$18,038
10 years$27,904$25,222$22,773$20,541$18,513$15,005
11 years$25,109$22,454$20,049$17,877$15,921$12,591
12 years$22,781$20,153$17,793$15,681$13,797$10,640
13 years$20,813$18,213$15,897$13,844$12,031$9,042
14 years$19,128$16,555$14,283$12,289$10,547$7,721
15 years$17,668$15,123$12,896$10,960$9,286$6,618
16 years$16,392$13,875$11,692$9,813$8,207$5,692
17 years$15,268$12,779$10,639$8,817$7,277$4,908
18 years$14,269$11,808$9,712$7,946$6,470$4,242
19 years$13,377$10,944$8,891$7,180$5,767$3,674
20 years$12,575$10,169$8,160$6,503$5,151$3,188
21 years$11,850$9,472$7,506$5,902$4,610$2,769
22 years$11,192$8,842$6,917$5,366$4,132$2,409
23 years$10,593$8,270$6,387$4,887$3,709$2,098
24 years$10,044$7,748$5,907$4,457$3,334$1,829
25 years$9,539$7,271$5,471$4,070$3,000$1,595
26 years$9,074$6,834$5,074$3,722$2,702$1,393
27 years$8,645$6,431$4,712$3,407$2,436$1,217
28 years$8,246$6,060$4,380$3,121$2,198$1,063
29 years$7,876$5,717$4,076$2,862$1,985$930
30 years$7,532$5,399$3,797$2,627$1,794$813
31 years$7,210$5,104$3,540$2,413$1,622$712
32 years$6,909$4,830$3,303$2,217$1,467$623
33 years$6,626$4,574$3,084$2,039$1,328$545
34 years$6,361$4,335$2,881$1,876$1,202$478
35 years$6,112$4,111$2,694$1,727$1,089$418
36 years$5,876$3,902$2,520$1,590$986$367
37 years$5,655$3,706$2,359$1,465$894$321
38 years$5,445$3,522$2,209$1,351$810$281
39 years$5,247$3,349$2,069$1,245$735$247
40 years$5,058$3,187$1,940$1,149$667$216
41 years$4,880$3,033$1,819$1,060$605$190
42 years$4,711$2,889$1,706$978$549$166
43 years$4,550$2,753$1,601$903$498$146
44 years$4,396$2,624$1,503$834$452$128
45 years$4,250$2,502$1,411$770$410$112
46 years$4,111$2,387$1,325$711$373$98
47 years$3,978$2,278$1,245$657$338$86
48 years$3,850$2,174$1,170$607$307$76
49 years$3,729$2,076$1,100$561$279$66
50 years$3,612$1,984$1,034$519$253$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,700,000, adding $2,074 every year, while hoping to spend $35,580 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: 26/50/24 Blend
60$3,700,000$3,700,000$3,700,000$3,700,000
61$4,079,539$3,883,439$3,826,089$4,154,630
62$4,457,795$4,035,871$3,916,406$4,367,723
63$4,873,441$4,194,579$4,008,557$4,592,984
64$5,330,253$4,359,834$4,102,564$4,833,936
65$5,832,391$4,531,918$4,198,452$5,091,925
66$6,384,437$4,711,125$4,296,243$5,368,425
67$6,991,443$4,897,763$4,395,960$5,665,050
68$7,658,971$5,092,154$4,497,625$5,983,567
69$8,393,150$5,294,634$4,601,260$6,325,915
70$9,200,734$5,505,553$4,706,885$6,694,218
71$10,089,163$5,725,280$4,814,519$7,090,805
72$11,066,635$5,954,196$4,924,184$7,518,232
73$12,142,184$6,192,704$5,035,895$7,979,300
74$13,325,761$6,441,220$5,149,672$8,477,086
75$14,628,333$6,700,184$5,265,531$9,014,965
76$16,061,982$6,970,053$5,383,485$9,596,643
77$17,640,023$7,251,304$5,503,551$10,226,189
78$19,377,125$7,544,438$5,625,739$10,908,072
79$21,289,453$7,849,977$5,750,063$11,647,200
80$23,394,818$8,168,466$5,876,531$12,448,966
81$25,712,846$8,500,478$6,005,151$13,319,293
82$28,265,163$8,846,608$6,135,931$14,264,694
83$31,075,600$9,207,482$6,268,874$15,292,325
84$34,170,413$9,583,751$6,403,984$16,410,052
85$37,578,539$9,976,098$6,541,261$17,626,523
86$41,331,859$10,385,236$6,680,703$18,951,249
87$45,465,508$10,811,912$6,822,305$20,394,685
88$50,018,200$11,256,906$6,966,063$21,968,332
89$55,032,596$11,721,033$7,111,965$23,684,838
90$60,555,704$12,205,148$7,260,000$25,558,119
91$66,639,329$12,710,143$7,410,152$27,603,480
92$73,340,551$13,236,951$7,562,403$29,837,763
93$80,722,275$13,786,549$7,716,731$32,279,497
94$88,853,815$14,359,958$7,873,110$34,949,071
95$97,811,556$14,958,247$8,031,511$37,868,925
96$107,679,667$15,582,534$8,191,899$41,063,754
97$118,550,903$16,233,988$8,354,238$44,560,737
98$130,527,474$16,913,833$8,518,484$48,389,790
99$143,722,014$17,623,347$8,684,590$52,583,846
100$158,258,639$18,363,871$8,852,504$57,179,156