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%16.9%
1 years$412,895$409,217$405,629$402,127$398,707$387,498
2 years$204,404$200,597$196,907$193,330$189,860$178,653
3 years$134,915$131,092$127,412$123,869$120,455$109,600
4 years$100,178$96,367$92,723$89,240$85,910$75,490
5 years$79,341$75,553$71,957$68,545$65,307$55,352
6 years$65,455$61,694$58,152$54,816$51,675$42,194
7 years$55,539$51,811$48,325$45,067$42,026$33,019
8 years$48,106$44,411$40,983$37,806$34,865$26,326
9 years$42,328$38,668$35,299$32,202$29,361$21,283
10 years$37,708$34,084$30,774$27,759$25,017$17,389
11 years$33,931$30,343$27,093$24,158$21,515$14,326
12 years$30,785$27,234$24,044$21,190$18,645$11,879
13 years$28,126$24,612$21,482$18,708$16,259$9,902
14 years$25,848$22,371$19,302$16,607$14,252$8,289
15 years$23,876$20,437$17,427$14,810$12,549$6,963
16 years$22,152$18,750$15,800$13,261$11,091$5,867
17 years$20,632$17,268$14,377$11,915$9,834$4,954
18 years$19,283$15,957$13,125$10,738$8,744$4,192
19 years$18,077$14,789$12,015$9,702$7,793$3,553
20 years$16,993$13,742$11,027$8,787$6,961$3,016
21 years$16,014$12,800$10,143$7,975$6,230$2,563
22 years$15,125$11,949$9,348$7,251$5,584$2,180
23 years$14,314$11,175$8,631$6,604$5,012$1,856
24 years$13,572$10,471$7,982$6,023$4,505$1,581
25 years$12,891$9,826$7,393$5,501$4,054$1,348
26 years$12,263$9,235$6,857$5,029$3,652$1,150
27 years$11,682$8,691$6,367$4,604$3,292$981
28 years$11,144$8,190$5,919$4,218$2,971$837
29 years$10,644$7,726$5,508$3,868$2,683$715
30 years$10,178$7,296$5,131$3,550$2,424$611
31 years$9,743$6,898$4,783$3,260$2,191$522
32 years$9,336$6,526$4,463$2,996$1,982$446
33 years$8,954$6,181$4,167$2,755$1,794$381
34 years$8,596$5,858$3,893$2,535$1,624$326
35 years$8,259$5,556$3,640$2,334$1,471$278
36 years$7,941$5,274$3,405$2,149$1,333$238
37 years$7,641$5,009$3,187$1,980$1,208$203
38 years$7,358$4,760$2,985$1,825$1,095$174
39 years$7,090$4,526$2,796$1,683$993$149
40 years$6,836$4,306$2,621$1,552$901$127
41 years$6,595$4,099$2,458$1,432$817$109
42 years$6,366$3,904$2,305$1,322$742$93
43 years$6,148$3,720$2,163$1,220$673$80
44 years$5,941$3,546$2,031$1,127$611$68
45 years$5,743$3,381$1,907$1,040$555$58
46 years$5,555$3,225$1,791$961$504$50
47 years$5,375$3,078$1,682$888$457$43
48 years$5,203$2,938$1,581$820$415$36
49 years$5,039$2,806$1,486$758$377$31
50 years$4,882$2,680$1,397$701$343$27

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 $3,351 every year, while hoping to spend $45,167 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: 72/10/18 Blend
60$5,000,000$5,000,000$5,000,000$5,000,000
61$5,513,457$5,248,457$5,170,957$5,886,821
62$6,027,772$5,457,574$5,296,126$6,344,468
63$6,593,033$5,675,424$5,423,975$6,839,733
64$7,214,390$5,902,387$5,554,546$7,380,972
65$7,897,515$6,138,860$5,687,880$7,972,737
66$8,648,656$6,385,260$5,824,019$8,620,036
67$9,474,701$6,642,019$5,963,005$9,328,387
68$10,383,234$6,909,592$6,104,880$10,103,864
69$11,382,614$7,188,452$6,249,684$10,953,157
70$12,482,051$7,479,096$6,397,458$11,883,631
71$13,691,689$7,782,041$6,548,242$12,903,399
72$15,022,710$8,097,829$6,702,076$14,021,397
73$16,487,430$8,427,027$6,859,000$15,247,464
74$18,099,423$8,770,226$7,019,051$16,592,439
75$19,873,642$9,128,045$7,182,267$18,068,260
76$21,826,566$9,501,132$7,348,686$19,688,075
77$23,976,352$9,890,163$7,518,343$21,466,368
78$26,343,005$10,295,847$7,691,273$23,419,096
79$28,948,571$10,718,922$7,867,509$25,563,831
80$31,817,339$11,160,164$8,047,085$27,919,936
81$34,976,076$11,620,380$8,230,031$30,508,738
82$38,454,276$12,100,419$8,416,377$33,353,733
83$42,284,437$12,601,164$8,606,150$36,480,805
84$46,502,371$13,123,543$8,799,378$39,918,471
85$51,147,539$13,668,523$8,996,084$43,698,147
86$56,263,425$14,237,117$9,196,289$47,854,447
87$61,897,945$14,830,386$9,400,016$52,425,502
88$68,103,899$15,449,439$9,607,280$57,453,327
89$74,939,470$16,095,434$9,818,096$62,984,212
90$82,468,771$16,769,586$10,032,478$69,069,156
91$90,762,454$17,473,164$10,250,434$75,764,351
92$99,898,371$18,207,496$10,471,971$83,131,711
93$109,962,313$18,973,972$10,697,090$91,239,452
94$121,048,818$19,774,045$10,925,792$100,162,735
95$133,262,063$20,609,239$11,158,071$109,984,380
96$146,716,846$21,481,144$11,393,919$120,795,636
97$161,539,671$22,391,427$11,633,322$132,697,050
98$177,869,943$23,341,832$11,876,264$145,799,411
99$195,861,279$24,334,184$12,122,720$160,224,792
100$215,682,962$25,370,391$12,372,664$176,107,706