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%11.1%
1 years$421,153$417,402$413,742$410,169$406,681$404,797
2 years$208,492$204,609$200,846$197,197$193,658$191,756
3 years$137,614$133,714$129,960$126,346$122,864$121,004
4 years$102,182$98,294$94,578$91,025$87,628$85,823
5 years$80,928$77,064$73,396$69,916$66,613$64,869
6 years$66,764$62,928$59,315$55,912$52,709$51,028
7 years$56,650$52,847$49,291$45,969$42,866$41,249
8 years$49,068$45,300$41,803$38,562$35,562$34,009
9 years$43,175$39,442$36,005$32,846$29,948$28,459
10 years$38,462$34,766$31,390$28,314$25,517$24,091
11 years$34,610$30,950$27,635$24,641$21,946$20,582
12 years$31,401$27,779$24,525$21,614$19,018$17,715
13 years$28,688$25,104$21,912$19,082$16,584$15,341
14 years$26,365$22,819$19,688$16,939$14,537$13,352
15 years$24,353$20,846$17,775$15,106$12,800$11,672
16 years$22,595$19,125$16,116$13,526$11,312$10,240
17 years$21,045$17,614$14,665$12,153$10,030$9,012
18 years$19,669$16,276$13,387$10,952$8,919$7,952
19 years$18,439$15,084$12,255$9,896$7,949$7,033
20 years$17,333$14,017$11,247$8,963$7,101$6,233
21 years$16,334$13,056$10,345$8,135$6,354$5,534
22 years$15,427$12,188$9,535$7,396$5,696$4,920
23 years$14,601$11,399$8,804$6,736$5,113$4,381
24 years$13,844$10,680$8,142$6,144$4,595$3,905
25 years$13,149$10,023$7,541$5,611$4,135$3,485
26 years$12,508$9,420$6,994$5,130$3,725$3,112
27 years$11,916$8,865$6,495$4,696$3,358$2,782
28 years$11,367$8,353$6,038$4,302$3,030$2,489
29 years$10,857$7,881$5,618$3,945$2,736$2,228
30 years$10,381$7,442$5,233$3,621$2,472$1,995
31 years$9,938$7,035$4,879$3,325$2,235$1,788
32 years$9,523$6,657$4,552$3,056$2,022$1,603
33 years$9,133$6,304$4,250$2,810$1,830$1,438
34 years$8,768$5,975$3,971$2,586$1,657$1,290
35 years$8,424$5,667$3,713$2,380$1,501$1,158
36 years$8,100$5,379$3,473$2,192$1,360$1,039
37 years$7,794$5,109$3,251$2,020$1,232$933
38 years$7,505$4,855$3,044$1,862$1,117$838
39 years$7,232$4,617$2,852$1,717$1,013$753
40 years$6,973$4,393$2,673$1,583$919$677
41 years$6,727$4,181$2,507$1,461$834$608
42 years$6,493$3,982$2,351$1,348$756$547
43 years$6,271$3,794$2,207$1,245$686$492
44 years$6,060$3,617$2,071$1,149$623$442
45 years$5,858$3,449$1,945$1,061$566$397
46 years$5,666$3,290$1,827$980$514$357
47 years$5,483$3,140$1,716$906$466$321
48 years$5,307$2,997$1,613$837$424$289
49 years$5,140$2,862$1,516$773$385$260
50 years$4,979$2,734$1,425$715$349$234

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 $4,305 every year, while hoping to spend $38,535 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: 46/36/18 Blend
60$5,100,000$5,100,000$5,100,000$5,100,000
61$5,624,641$5,354,341$5,275,291$5,854,305
62$6,157,353$5,575,702$5,411,012$6,236,398
63$6,743,111$5,806,619$5,549,988$6,646,479
64$7,387,283$6,047,519$5,692,288$7,090,562
65$8,095,787$6,298,849$5,837,981$7,571,830
66$8,875,141$6,561,076$5,987,137$8,093,775
67$9,732,527$6,834,690$6,139,828$8,660,237
68$10,675,858$7,120,203$6,296,125$9,275,434
69$11,713,853$7,418,151$6,456,103$9,944,002
70$12,856,120$7,729,093$6,619,836$10,671,036
71$14,113,242$8,053,617$6,787,398$11,462,138
72$15,496,883$8,392,334$6,958,866$12,323,465
73$17,019,894$8,745,888$7,134,318$13,261,790
74$18,696,436$9,114,949$7,313,830$14,284,558
75$20,542,111$9,500,221$7,497,482$15,399,958
76$22,574,112$9,902,437$7,685,354$16,617,000
77$24,811,384$10,322,369$7,877,525$17,945,591
78$27,274,801$10,760,820$8,074,078$19,396,633
79$29,987,365$11,218,635$8,275,094$20,982,119
80$32,974,422$11,696,694$8,480,655$22,715,248
81$36,263,902$12,195,921$8,690,846$24,610,540
82$39,886,580$12,717,282$8,905,750$26,683,978
83$43,876,371$13,261,788$9,125,452$28,953,151
84$48,270,643$13,830,498$9,350,037$31,437,417
85$53,110,575$14,424,519$9,579,590$34,158,086
86$58,441,545$15,045,012$9,814,197$37,138,614
87$64,313,555$15,693,190$10,053,945$40,404,823
88$70,781,706$16,370,324$10,298,921$43,985,142
89$77,906,715$17,077,745$10,549,210$47,910,868
90$85,755,491$17,816,846$10,804,900$52,216,460
91$94,401,765$18,589,085$11,066,078$56,939,862
92$103,926,784$19,395,989$11,332,830$62,122,852
93$114,420,080$20,239,157$11,605,244$67,811,436
94$125,980,315$21,120,262$11,883,406$74,056,275
95$138,716,209$22,041,056$12,167,402$80,913,161
96$152,747,570$23,003,376$12,457,318$88,443,536
97$168,206,422$24,009,142$12,753,238$96,715,067
98$185,238,254$25,060,366$13,055,248$105,802,280
99$204,003,388$26,159,156$13,363,431$115,787,258
100$224,678,496$27,307,718$13,677,869$126,760,409