Can I retire at age 61 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$421,153$417,402$413,742$410,169$406,681$396,046
2 years$208,492$204,609$200,846$197,197$193,658$183,016
3 years$137,614$133,714$129,960$126,346$122,864$112,548
4 years$102,182$98,294$94,578$91,025$87,628$77,717
5 years$80,928$77,064$73,396$69,916$66,613$57,135
6 years$66,764$62,928$59,315$55,912$52,709$43,673
7 years$56,650$52,847$49,291$45,969$42,866$34,273
8 years$49,068$45,300$41,803$38,562$35,562$27,406
9 years$43,175$39,442$36,005$32,846$29,948$22,224
10 years$38,462$34,766$31,390$28,314$25,517$18,214
11 years$34,610$30,950$27,635$24,641$21,946$15,053
12 years$31,401$27,779$24,525$21,614$19,018$12,524
13 years$28,688$25,104$21,912$19,082$16,584$10,474
14 years$26,365$22,819$19,688$16,939$14,537$8,799
15 years$24,353$20,846$17,775$15,106$12,800$7,418
16 years$22,595$19,125$16,116$13,526$11,312$6,272
17 years$21,045$17,614$14,665$12,153$10,030$5,316
18 years$19,669$16,276$13,387$10,952$8,919$4,515
19 years$18,439$15,084$12,255$9,896$7,949$3,841
20 years$17,333$14,017$11,247$8,963$7,101$3,272
21 years$16,334$13,056$10,345$8,135$6,354$2,792
22 years$15,427$12,188$9,535$7,396$5,696$2,384
23 years$14,601$11,399$8,804$6,736$5,113$2,037
24 years$13,844$10,680$8,142$6,144$4,595$1,743
25 years$13,149$10,023$7,541$5,611$4,135$1,492
26 years$12,508$9,420$6,994$5,130$3,725$1,277
27 years$11,916$8,865$6,495$4,696$3,358$1,094
28 years$11,367$8,353$6,038$4,302$3,030$938
29 years$10,857$7,881$5,618$3,945$2,736$804
30 years$10,381$7,442$5,233$3,621$2,472$690
31 years$9,938$7,035$4,879$3,325$2,235$592
32 years$9,523$6,657$4,552$3,056$2,022$508
33 years$9,133$6,304$4,250$2,810$1,830$436
34 years$8,768$5,975$3,971$2,586$1,657$374
35 years$8,424$5,667$3,713$2,380$1,501$321
36 years$8,100$5,379$3,473$2,192$1,360$275
37 years$7,794$5,109$3,251$2,020$1,232$237
38 years$7,505$4,855$3,044$1,862$1,117$203
39 years$7,232$4,617$2,852$1,717$1,013$174
40 years$6,973$4,393$2,673$1,583$919$150
41 years$6,727$4,181$2,507$1,461$834$129
42 years$6,493$3,982$2,351$1,348$756$110
43 years$6,271$3,794$2,207$1,245$686$95
44 years$6,060$3,617$2,071$1,149$623$82
45 years$5,858$3,449$1,945$1,061$566$70
46 years$5,666$3,290$1,827$980$514$60
47 years$5,483$3,140$1,716$906$466$52
48 years$5,307$2,997$1,613$837$424$44
49 years$5,140$2,862$1,516$773$385$38
50 years$4,979$2,734$1,425$715$349$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,100,000, adding $6,924 every year, while hoping to spend $30,869 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: 29/41/30 Blend
60$5,100,000$5,100,000$5,100,000$5,100,000
61$5,627,342$5,357,042$5,277,992$5,738,411
62$6,168,487$5,586,693$5,421,960$6,057,146
63$6,763,793$5,826,562$5,569,717$6,396,433
64$7,418,754$6,077,117$5,721,357$6,760,586
65$8,139,420$6,338,849$5,876,975$7,151,780
66$8,932,458$6,612,270$6,036,671$7,572,397
67$9,805,215$6,897,918$6,200,546$8,025,046
68$10,765,786$7,196,354$6,368,702$8,512,588
69$11,823,088$7,508,167$6,541,246$9,038,160
70$12,986,949$7,833,974$6,718,284$9,605,201
71$14,268,199$8,174,419$6,899,927$10,217,482
72$15,678,768$8,530,178$7,086,288$10,879,143
73$17,231,804$8,901,959$7,277,480$11,594,725
74$18,941,795$9,290,502$7,473,623$12,369,213
75$20,824,704$9,696,582$7,674,835$13,208,080
76$22,898,121$10,121,012$7,881,239$14,117,334
77$25,181,429$10,564,642$8,092,961$15,103,574
78$27,695,988$11,028,362$8,310,128$16,174,049
79$30,465,332$11,513,106$8,532,871$17,336,722
80$33,515,397$12,019,849$8,761,323$18,600,343
81$36,874,760$12,549,614$8,995,620$19,974,527
82$40,574,913$13,103,472$9,235,900$21,469,841
83$44,650,558$13,682,546$9,482,307$23,097,903
84$49,139,934$14,288,010$9,734,983$24,871,483
85$54,085,180$14,921,095$9,994,078$26,804,622
86$59,532,729$15,583,090$10,259,740$28,912,762
87$65,533,750$16,275,344$10,532,125$31,212,883
88$72,144,630$16,999,273$10,811,388$33,723,662
89$79,427,501$17,756,357$11,097,689$36,465,642
90$87,450,836$18,548,148$11,391,191$39,461,424
91$96,290,085$19,376,271$11,692,059$42,735,870
92$106,028,394$20,242,428$12,000,464$46,316,337
93$116,757,387$21,148,405$12,316,576$50,232,928
94$128,578,032$22,096,068$12,640,573$54,518,767
95$141,601,592$23,087,375$12,972,632$59,210,309
96$155,950,675$24,124,377$13,312,937$64,347,677
97$171,760,395$25,209,223$13,661,671$69,975,031
98$189,179,643$26,344,163$14,019,025$76,140,981
99$208,372,495$27,531,555$14,385,190$82,899,036
100$229,519,758$28,773,870$14,760,363$90,308,103