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%17.1%
1 years$412,895$409,217$405,629$402,127$398,707$387,186
2 years$204,404$200,597$196,907$193,330$189,860$178,344
3 years$134,915$131,092$127,412$123,869$120,455$109,305
4 years$100,178$96,367$92,723$89,240$85,910$75,211
5 years$79,341$75,553$71,957$68,545$65,307$55,090
6 years$65,455$61,694$58,152$54,816$51,675$41,948
7 years$55,539$51,811$48,325$45,067$42,026$32,789
8 years$48,106$44,411$40,983$37,806$34,865$26,112
9 years$42,328$38,668$35,299$32,202$29,361$21,085
10 years$37,708$34,084$30,774$27,759$25,017$17,206
11 years$33,931$30,343$27,093$24,158$21,515$14,156
12 years$30,785$27,234$24,044$21,190$18,645$11,723
13 years$28,126$24,612$21,482$18,708$16,259$9,759
14 years$25,848$22,371$19,302$16,607$14,252$8,158
15 years$23,876$20,437$17,427$14,810$12,549$6,844
16 years$22,152$18,750$15,800$13,261$11,091$5,757
17 years$20,632$17,268$14,377$11,915$9,834$4,855
18 years$19,283$15,957$13,125$10,738$8,744$4,102
19 years$18,077$14,789$12,015$9,702$7,793$3,472
20 years$16,993$13,742$11,027$8,787$6,961$2,942
21 years$16,014$12,800$10,143$7,975$6,230$2,496
22 years$15,125$11,949$9,348$7,251$5,584$2,120
23 years$14,314$11,175$8,631$6,604$5,012$1,802
24 years$13,572$10,471$7,982$6,023$4,505$1,533
25 years$12,891$9,826$7,393$5,501$4,054$1,305
26 years$12,263$9,235$6,857$5,029$3,652$1,111
27 years$11,682$8,691$6,367$4,604$3,292$946
28 years$11,144$8,190$5,919$4,218$2,971$806
29 years$10,644$7,726$5,508$3,868$2,683$687
30 years$10,178$7,296$5,131$3,550$2,424$586
31 years$9,743$6,898$4,783$3,260$2,191$500
32 years$9,336$6,526$4,463$2,996$1,982$426
33 years$8,954$6,181$4,167$2,755$1,794$364
34 years$8,596$5,858$3,893$2,535$1,624$310
35 years$8,259$5,556$3,640$2,334$1,471$265
36 years$7,941$5,274$3,405$2,149$1,333$226
37 years$7,641$5,009$3,187$1,980$1,208$193
38 years$7,358$4,760$2,985$1,825$1,095$165
39 years$7,090$4,526$2,796$1,683$993$141
40 years$6,836$4,306$2,621$1,552$901$120
41 years$6,595$4,099$2,458$1,432$817$103
42 years$6,366$3,904$2,305$1,322$742$88
43 years$6,148$3,720$2,163$1,220$673$75
44 years$5,941$3,546$2,031$1,127$611$64
45 years$5,743$3,381$1,907$1,040$555$54
46 years$5,555$3,225$1,791$961$504$47
47 years$5,375$3,078$1,682$888$457$40
48 years$5,203$2,938$1,581$820$415$34
49 years$5,039$2,806$1,486$758$377$29
50 years$4,882$2,680$1,397$701$343$25

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 $4,681 every year, while hoping to spend $47,332 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: 63/21/16 Blend
60$5,000,000$5,000,000$5,000,000$5,000,000
61$5,514,828$5,249,828$5,172,328$5,840,120
62$6,026,980$5,456,709$5,295,241$6,265,995
63$6,589,785$5,672,141$5,420,684$6,725,055
64$7,208,359$5,896,492$5,548,693$7,225,227
65$7,888,340$6,130,149$5,679,303$7,770,516
66$8,635,939$6,373,513$5,812,547$8,365,327
67$9,457,996$6,627,007$5,948,459$9,014,508
68$10,362,051$6,891,070$6,087,071$9,723,397
69$11,356,408$7,166,160$6,228,417$10,497,864
70$12,450,219$7,452,759$6,372,526$11,344,376
71$13,653,566$7,751,369$6,519,430$12,270,046
72$14,977,556$8,062,513$6,669,158$13,282,709
73$16,434,431$8,386,740$6,821,738$14,390,986
74$18,037,675$8,724,623$6,977,199$15,604,372
75$19,802,149$9,076,760$7,135,566$16,933,320
76$21,744,225$9,443,778$7,296,864$18,389,338
77$23,881,944$9,826,331$7,461,117$19,985,099
78$26,235,184$10,225,103$7,628,346$21,734,560
79$28,825,849$10,640,809$7,798,572$23,653,088
80$31,678,074$11,074,198$7,971,813$25,757,607
81$34,818,454$11,526,049$8,148,085$28,066,755
82$38,276,293$11,997,182$8,327,402$30,601,060
83$42,083,881$12,488,451$8,509,777$33,383,132
84$46,276,801$13,000,749$8,695,218$36,437,870
85$50,894,260$13,535,011$8,883,733$39,792,703
86$55,979,463$14,092,215$9,075,326$43,477,843
87$61,580,016$14,673,382$9,269,999$47,526,567
88$67,748,382$15,279,582$9,467,748$51,975,531
89$74,542,368$15,911,932$9,668,568$56,865,116
90$82,025,676$16,571,603$9,872,451$62,239,803
91$90,268,500$17,259,817$10,079,384$68,148,593
92$99,348,193$17,977,854$10,289,349$74,645,469
93$109,349,993$18,727,053$10,502,326$81,789,899
94$120,367,827$19,508,813$10,718,289$89,647,397
95$132,505,200$20,324,599$10,937,206$98,290,142
96$145,876,171$21,175,945$11,159,043$107,797,650
97$160,606,427$22,064,453$11,383,758$118,257,530
98$176,834,472$22,991,801$11,611,303$129,766,300
99$194,712,933$23,959,744$11,841,626$142,430,302
100$214,409,999$24,970,118$12,074,668$156,366,698