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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$421,153$417,402$413,742$410,169$406,681$396,207
2 years$208,492$204,609$200,846$197,197$193,658$183,175
3 years$137,614$133,714$129,960$126,346$122,864$112,701
4 years$102,182$98,294$94,578$91,025$87,628$77,862
5 years$80,928$77,064$73,396$69,916$66,613$57,271
6 years$66,764$62,928$59,315$55,912$52,709$43,801
7 years$56,650$52,847$49,291$45,969$42,866$34,393
8 years$49,068$45,300$41,803$38,562$35,562$27,518
9 years$43,175$39,442$36,005$32,846$29,948$22,328
10 years$38,462$34,766$31,390$28,314$25,517$18,311
11 years$34,610$30,950$27,635$24,641$21,946$15,143
12 years$31,401$27,779$24,525$21,614$19,018$12,606
13 years$28,688$25,104$21,912$19,082$16,584$10,551
14 years$26,365$22,819$19,688$16,939$14,537$8,869
15 years$24,353$20,846$17,775$15,106$12,800$7,482
16 years$22,595$19,125$16,116$13,526$11,312$6,331
17 years$21,045$17,614$14,665$12,153$10,030$5,370
18 years$19,669$16,276$13,387$10,952$8,919$4,564
19 years$18,439$15,084$12,255$9,896$7,949$3,886
20 years$17,333$14,017$11,247$8,963$7,101$3,313
21 years$16,334$13,056$10,345$8,135$6,354$2,828
22 years$15,427$12,188$9,535$7,396$5,696$2,417
23 years$14,601$11,399$8,804$6,736$5,113$2,068
24 years$13,844$10,680$8,142$6,144$4,595$1,770
25 years$13,149$10,023$7,541$5,611$4,135$1,516
26 years$12,508$9,420$6,994$5,130$3,725$1,299
27 years$11,916$8,865$6,495$4,696$3,358$1,114
28 years$11,367$8,353$6,038$4,302$3,030$956
29 years$10,857$7,881$5,618$3,945$2,736$820
30 years$10,381$7,442$5,233$3,621$2,472$704
31 years$9,938$7,035$4,879$3,325$2,235$604
32 years$9,523$6,657$4,552$3,056$2,022$519
33 years$9,133$6,304$4,250$2,810$1,830$446
34 years$8,768$5,975$3,971$2,586$1,657$383
35 years$8,424$5,667$3,713$2,380$1,501$329
36 years$8,100$5,379$3,473$2,192$1,360$283
37 years$7,794$5,109$3,251$2,020$1,232$243
38 years$7,505$4,855$3,044$1,862$1,117$209
39 years$7,232$4,617$2,852$1,717$1,013$179
40 years$6,973$4,393$2,673$1,583$919$154
41 years$6,727$4,181$2,507$1,461$834$133
42 years$6,493$3,982$2,351$1,348$756$114
43 years$6,271$3,794$2,207$1,245$686$98
44 years$6,060$3,617$2,071$1,149$623$84
45 years$5,858$3,449$1,945$1,061$566$72
46 years$5,666$3,290$1,827$980$514$62
47 years$5,483$3,140$1,716$906$466$53
48 years$5,307$2,997$1,613$837$424$46
49 years$5,140$2,862$1,516$773$385$40
50 years$4,979$2,734$1,425$715$349$34

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 $3,347 every year, while hoping to spend $48,438 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: 76/17/7 Blend
60$5,100,000$5,100,000$5,100,000$5,100,000
61$5,623,652$5,353,352$5,274,302$6,045,850
62$6,145,727$5,564,129$5,399,454$6,534,590
63$6,719,430$5,783,610$5,527,175$7,063,601
64$7,349,977$6,012,172$5,657,499$7,642,031
65$8,043,111$6,250,205$5,790,462$8,274,765
66$8,805,164$6,498,120$5,926,098$8,967,180
67$9,643,108$6,756,346$6,064,440$9,725,195
68$10,564,627$7,025,328$6,205,520$10,555,326
69$11,578,185$7,305,535$6,349,371$11,464,750
70$12,693,109$7,597,456$6,496,025$12,461,367
71$13,919,674$7,901,600$6,645,510$13,553,876
72$15,269,204$8,218,500$6,797,857$14,751,858
73$16,754,171$8,548,716$6,953,094$16,065,861
74$18,388,322$8,892,828$7,111,247$17,507,503
75$20,186,800$9,251,446$7,272,344$19,089,580
76$22,166,294$9,625,207$7,436,408$20,826,181
77$24,345,190$10,014,776$7,603,461$22,732,829
78$26,743,748$10,420,849$7,773,526$24,826,616
79$29,384,293$10,844,153$7,946,622$27,126,370
80$32,291,423$11,285,449$8,122,766$29,652,832
81$35,492,243$11,745,531$8,301,973$32,428,844
82$39,016,620$12,225,230$8,484,257$35,479,570
83$42,897,465$12,725,416$8,669,630$38,832,731
84$47,171,042$13,246,997$8,858,098$42,518,860
85$51,877,312$13,790,924$9,049,668$46,571,596
86$57,060,309$14,358,190$9,244,343$51,027,996
87$62,768,554$14,949,834$9,442,122$55,928,883
88$69,055,515$15,566,945$9,643,001$61,319,231
89$75,980,110$16,210,657$9,846,974$67,248,588
90$83,607,262$16,882,161$10,054,030$73,771,541
91$92,008,516$17,582,700$10,264,152$80,948,229
92$101,262,707$18,313,575$10,477,324$88,844,909
93$111,456,709$19,076,146$10,693,520$97,534,583
94$122,686,253$19,871,837$10,912,713$107,097,678
95$135,056,831$20,702,137$11,134,869$117,622,810
96$148,684,690$21,568,604$11,359,949$129,207,614
97$163,697,931$22,472,868$11,587,910$141,959,663
98$180,237,715$23,416,634$11,818,701$155,997,486
99$198,459,600$24,401,686$12,052,264$171,451,677
100$218,535,002$25,429,892$12,288,538$188,466,132