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%11.9%
1 years$421,153$417,402$413,742$410,169$406,681$403,442
2 years$208,492$204,609$200,846$197,197$193,658$190,393
3 years$137,614$133,714$129,960$126,346$122,864$119,675
4 years$102,182$98,294$94,578$91,025$87,628$84,538
5 years$80,928$77,064$73,396$69,916$66,613$63,632
6 years$66,764$62,928$59,315$55,912$52,709$49,840
7 years$56,650$52,847$49,291$45,969$42,866$40,112
8 years$49,068$45,300$41,803$38,562$35,562$32,921
9 years$43,175$39,442$36,005$32,846$29,948$27,420
10 years$38,462$34,766$31,390$28,314$25,517$23,101
11 years$34,610$30,950$27,635$24,641$21,946$19,640
12 years$31,401$27,779$24,525$21,614$19,018$16,819
13 years$28,688$25,104$21,912$19,082$16,584$14,491
14 years$26,365$22,819$19,688$16,939$14,537$12,547
15 years$24,353$20,846$17,775$15,106$12,800$10,910
16 years$22,595$19,125$16,116$13,526$11,312$9,519
17 years$21,045$17,614$14,665$12,153$10,030$8,331
18 years$19,669$16,276$13,387$10,952$8,919$7,310
19 years$18,439$15,084$12,255$9,896$7,949$6,429
20 years$17,333$14,017$11,247$8,963$7,101$5,665
21 years$16,334$13,056$10,345$8,135$6,354$4,999
22 years$15,427$12,188$9,535$7,396$5,696$4,419
23 years$14,601$11,399$8,804$6,736$5,113$3,911
24 years$13,844$10,680$8,142$6,144$4,595$3,465
25 years$13,149$10,023$7,541$5,611$4,135$3,073
26 years$12,508$9,420$6,994$5,130$3,725$2,727
27 years$11,916$8,865$6,495$4,696$3,358$2,423
28 years$11,367$8,353$6,038$4,302$3,030$2,153
29 years$10,857$7,881$5,618$3,945$2,736$1,915
30 years$10,381$7,442$5,233$3,621$2,472$1,704
31 years$9,938$7,035$4,879$3,325$2,235$1,517
32 years$9,523$6,657$4,552$3,056$2,022$1,352
33 years$9,133$6,304$4,250$2,810$1,830$1,204
34 years$8,768$5,975$3,971$2,586$1,657$1,073
35 years$8,424$5,667$3,713$2,380$1,501$957
36 years$8,100$5,379$3,473$2,192$1,360$853
37 years$7,794$5,109$3,251$2,020$1,232$761
38 years$7,505$4,855$3,044$1,862$1,117$679
39 years$7,232$4,617$2,852$1,717$1,013$606
40 years$6,973$4,393$2,673$1,583$919$541
41 years$6,727$4,181$2,507$1,461$834$483
42 years$6,493$3,982$2,351$1,348$756$431
43 years$6,271$3,794$2,207$1,245$686$385
44 years$6,060$3,617$2,071$1,149$623$343
45 years$5,858$3,449$1,945$1,061$566$307
46 years$5,666$3,290$1,827$980$514$274
47 years$5,483$3,140$1,716$906$466$245
48 years$5,307$2,997$1,613$837$424$219
49 years$5,140$2,862$1,516$773$385$195
50 years$4,979$2,734$1,425$715$349$174

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 $5,321 every year, while hoping to spend $35,836 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: 37/41/22 Blend
60$5,100,000$5,100,000$5,100,000$5,100,000
61$5,625,689$5,355,389$5,276,339$5,796,441
62$6,161,380$5,579,673$5,414,967$6,145,690
63$6,750,510$5,813,747$5,557,038$6,518,955
64$7,398,493$6,058,052$5,702,629$6,921,421
65$8,111,292$6,313,049$5,851,820$7,355,734
66$8,895,478$6,579,223$6,004,691$7,824,801
67$9,758,292$6,857,080$6,161,323$8,331,811
68$10,707,711$7,147,149$6,321,800$8,880,261
69$11,752,523$7,449,985$6,486,206$9,473,995
70$12,902,413$7,766,168$6,654,627$10,117,230
71$14,168,054$8,096,304$6,827,151$10,814,598
72$15,561,202$8,441,030$7,003,867$11,571,186
73$17,094,813$8,801,009$7,184,865$12,392,584
74$18,783,163$9,176,937$7,370,238$13,284,934
75$20,641,982$9,569,544$7,560,077$14,254,982
76$22,688,603$9,979,590$7,754,479$15,310,147
77$24,942,126$10,407,875$7,953,539$16,458,580
78$27,423,595$10,855,234$8,157,355$17,709,245
79$30,156,201$11,322,540$8,366,026$19,071,996
80$33,165,498$11,810,709$8,579,652$20,557,668
81$36,479,645$12,320,699$8,798,336$22,178,179
82$40,129,669$12,853,514$9,022,181$23,946,635
83$44,149,763$13,410,204$9,251,291$25,877,453
84$48,577,602$13,991,867$9,485,773$27,986,492
85$53,454,705$14,599,656$9,725,734$30,291,201
86$58,826,821$15,234,775$9,971,282$32,810,776
87$64,744,365$15,898,487$10,222,528$35,566,342
88$71,262,890$16,592,113$10,479,583$38,581,143
89$78,443,614$17,317,036$10,742,559$41,880,763
90$86,353,998$18,074,706$11,011,570$45,493,355
91$95,068,379$18,866,640$11,286,730$49,449,909
92$104,668,674$19,694,425$11,568,156$53,784,536
93$115,245,153$20,559,727$11,855,964$58,534,785
94$126,897,293$21,464,287$12,150,272$63,741,992
95$139,734,710$22,409,931$12,451,200$69,451,665
96$153,878,201$23,398,568$12,758,866$75,713,908
97$169,460,881$24,432,202$13,073,391$82,583,883
98$186,629,438$25,512,927$13,394,897$90,122,332
99$205,545,520$26,642,939$13,723,505$98,396,137
100$226,387,258$27,824,538$14,059,337$107,478,946