Can I retire at age 61 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$412,895$409,217$405,629$402,127$398,707$388,595
2 years$204,404$200,597$196,907$193,330$189,860$179,739
3 years$134,915$131,092$127,412$123,869$120,455$110,640
4 years$100,178$96,367$92,723$89,240$85,910$76,477
5 years$79,341$75,553$71,957$68,545$65,307$56,282
6 years$65,455$61,694$58,152$54,816$51,675$43,068
7 years$55,539$51,811$48,325$45,067$42,026$33,836
8 years$48,106$44,411$40,983$37,806$34,865$27,089
9 years$42,328$38,668$35,299$32,202$29,361$21,993
10 years$37,708$34,084$30,774$27,759$25,017$18,048
11 years$33,931$30,343$27,093$24,158$21,515$14,935
12 years$30,785$27,234$24,044$21,190$18,645$12,441
13 years$28,126$24,612$21,482$18,708$16,259$10,420
14 years$25,848$22,371$19,302$16,607$14,252$8,765
15 years$23,876$20,437$17,427$14,810$12,549$7,399
16 years$22,152$18,750$15,800$13,261$11,091$6,265
17 years$20,632$17,268$14,377$11,915$9,834$5,318
18 years$19,283$15,957$13,125$10,738$8,744$4,523
19 years$18,077$14,789$12,015$9,702$7,793$3,854
20 years$16,993$13,742$11,027$8,787$6,961$3,289
21 years$16,014$12,800$10,143$7,975$6,230$2,810
22 years$15,125$11,949$9,348$7,251$5,584$2,403
23 years$14,314$11,175$8,631$6,604$5,012$2,057
24 years$13,572$10,471$7,982$6,023$4,505$1,762
25 years$12,891$9,826$7,393$5,501$4,054$1,511
26 years$12,263$9,235$6,857$5,029$3,652$1,296
27 years$11,682$8,691$6,367$4,604$3,292$1,112
28 years$11,144$8,190$5,919$4,218$2,971$955
29 years$10,644$7,726$5,508$3,868$2,683$820
30 years$10,178$7,296$5,131$3,550$2,424$704
31 years$9,743$6,898$4,783$3,260$2,191$605
32 years$9,336$6,526$4,463$2,996$1,982$520
33 years$8,954$6,181$4,167$2,755$1,794$447
34 years$8,596$5,858$3,893$2,535$1,624$384
35 years$8,259$5,556$3,640$2,334$1,471$330
36 years$7,941$5,274$3,405$2,149$1,333$284
37 years$7,641$5,009$3,187$1,980$1,208$244
38 years$7,358$4,760$2,985$1,825$1,095$210
39 years$7,090$4,526$2,796$1,683$993$181
40 years$6,836$4,306$2,621$1,552$901$156
41 years$6,595$4,099$2,458$1,432$817$134
42 years$6,366$3,904$2,305$1,322$742$115
43 years$6,148$3,720$2,163$1,220$673$99
44 years$5,941$3,546$2,031$1,127$611$85
45 years$5,743$3,381$1,907$1,040$555$73
46 years$5,555$3,225$1,791$961$504$63
47 years$5,375$3,078$1,682$888$457$54
48 years$5,203$2,938$1,581$820$415$47
49 years$5,039$2,806$1,486$758$377$40
50 years$4,882$2,680$1,397$701$343$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,000,000, adding $2,396 every year, while hoping to spend $29,617 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: 40/46/14 Blend
60$5,000,000$5,000,000$5,000,000$5,000,000
61$5,512,471$5,247,471$5,169,971$5,709,887
62$6,043,231$5,473,085$5,311,653$6,075,526
63$6,627,136$5,708,762$5,457,089$6,467,745
64$7,269,575$5,954,962$5,606,372$6,891,403
65$7,976,487$6,212,170$5,759,601$7,349,366
66$8,754,414$6,480,892$5,916,873$7,844,775
67$9,610,566$6,761,658$6,078,290$8,381,079
68$10,552,887$7,055,022$6,243,956$8,962,063
69$11,590,128$7,361,565$6,413,975$9,591,880
70$12,731,935$7,681,895$6,588,457$10,275,090
71$13,988,934$8,016,650$6,767,512$11,016,702
72$15,372,835$8,366,495$6,951,253$11,822,214
73$16,896,539$8,732,129$7,139,796$12,697,669
74$18,574,266$9,114,283$7,333,259$13,649,702
75$20,421,681$9,513,722$7,531,762$14,685,607
76$22,456,046$9,931,249$7,735,430$15,813,398
77$24,696,384$10,367,701$7,944,389$17,041,884
78$27,163,656$10,823,959$8,158,766$18,380,746
79$29,880,959$11,300,944$8,378,695$19,840,630
80$32,873,746$11,799,619$8,604,310$21,433,239
81$36,170,062$12,320,994$8,835,749$23,171,445
82$39,800,813$12,866,127$9,073,151$25,069,400
83$43,800,054$13,436,126$9,316,660$27,142,672
84$48,205,315$14,032,151$9,566,423$29,408,384
85$53,057,948$14,655,417$9,822,589$31,885,374
86$58,403,524$15,307,198$10,085,311$34,594,365
87$64,292,259$15,988,827$10,354,745$37,558,159
88$70,779,489$16,701,699$10,631,049$40,801,845
89$77,926,194$17,447,280$10,914,386$44,353,032
90$85,799,570$18,227,100$11,204,922$48,242,104
91$94,473,664$19,042,766$11,502,825$52,502,501
92$104,030,076$19,895,960$11,808,268$57,171,028
93$114,558,726$20,788,444$12,121,426$62,288,198
94$126,158,701$21,722,062$12,442,479$67,898,605
95$138,939,195$22,698,751$12,771,610$74,051,342
96$153,020,538$23,720,534$13,109,003$80,800,455
97$168,535,328$24,789,536$13,454,850$88,205,445
98$185,629,688$25,907,980$13,809,344$96,331,825
99$204,464,641$27,078,195$14,172,682$105,251,725
100$225,217,632$28,302,624$14,545,064$115,044,572