Can I retire at age 61 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$429,411$425,586$421,854$418,212$414,655$398,203
2 years$212,580$208,621$204,784$201,063$197,455$181,084
3 years$140,312$136,336$132,509$128,823$125,274$109,499
4 years$104,185$100,221$96,432$92,810$89,346$74,288
5 years$82,515$78,575$74,835$71,287$67,919$53,616
6 years$68,073$64,162$60,478$57,009$53,742$40,202
7 years$57,761$53,883$50,258$46,870$43,707$30,926
8 years$50,031$46,188$42,622$39,318$36,259$24,224
9 years$44,021$40,215$36,711$33,490$30,535$19,228
10 years$39,217$35,447$32,005$28,869$26,018$15,416
11 years$35,288$31,557$28,177$25,125$22,376$12,455
12 years$32,017$28,324$25,006$22,038$19,391$10,124
13 years$29,251$25,596$22,341$19,456$16,909$8,268
14 years$26,882$23,266$20,074$17,271$14,822$6,779
15 years$24,831$21,254$18,124$15,403$13,051$5,574
16 years$23,038$19,500$16,432$13,791$11,534$4,596
17 years$21,458$17,959$14,953$12,391$10,227$3,796
18 years$20,054$16,595$13,650$11,167$9,093$3,141
19 years$18,800$15,380$12,496$10,090$8,105$2,603
20 years$17,673$14,292$11,468$9,139$7,240$2,159
21 years$16,655$13,312$10,548$8,294$6,479$1,793
22 years$15,730$12,427$9,722$7,541$5,807$1,489
23 years$14,887$11,622$8,976$6,868$5,213$1,238
24 years$14,115$10,889$8,302$6,264$4,686$1,030
25 years$13,406$10,219$7,689$5,721$4,216$857
26 years$12,753$9,604$7,131$5,231$3,798$714
27 years$12,149$9,039$6,622$4,788$3,424$594
28 years$11,590$8,517$6,156$4,387$3,090$495
29 years$11,070$8,035$5,729$4,023$2,790$413
30 years$10,585$7,588$5,336$3,692$2,521$344
31 years$10,133$7,173$4,975$3,391$2,279$287
32 years$9,709$6,787$4,641$3,116$2,062$239
33 years$9,312$6,428$4,334$2,865$1,866$199
34 years$8,940$6,092$4,049$2,636$1,689$166
35 years$8,589$5,778$3,786$2,427$1,530$138
36 years$8,259$5,484$3,541$2,235$1,386$115
37 years$7,947$5,209$3,315$2,059$1,256$96
38 years$7,652$4,950$3,104$1,898$1,139$80
39 years$7,373$4,707$2,908$1,750$1,033$67
40 years$7,109$4,479$2,726$1,614$937$56
41 years$6,859$4,263$2,556$1,489$850$47
42 years$6,620$4,060$2,398$1,375$771$39
43 years$6,394$3,869$2,250$1,269$700$32
44 years$6,178$3,688$2,112$1,172$635$27
45 years$5,973$3,516$1,983$1,082$577$23
46 years$5,777$3,354$1,862$999$524$19
47 years$5,590$3,201$1,750$923$476$16
48 years$5,411$3,056$1,644$853$432$13
49 years$5,241$2,918$1,545$789$392$11
50 years$5,077$2,788$1,453$729$356$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,200,000, adding $2,705 every year, while hoping to spend $54,335 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: 22/50/28 Blend
60$5,200,000$5,200,000$5,200,000$5,200,000
61$5,733,190$5,457,590$5,376,990$5,808,297
62$6,260,164$5,667,200$5,499,307$6,084,806
63$6,839,067$5,885,260$5,623,901$6,375,685
64$7,475,140$6,112,126$5,750,790$6,685,711
65$8,174,156$6,348,171$5,879,993$7,016,484
66$8,942,472$6,593,784$6,011,524$7,369,753
67$9,787,094$6,849,370$6,145,401$7,747,436
68$10,715,742$7,115,353$6,281,636$8,151,629
69$11,736,918$7,392,176$6,420,241$8,584,629
70$12,859,992$7,680,300$6,561,227$9,048,955
71$14,095,285$7,980,209$6,704,603$9,547,363
72$15,454,171$8,292,406$6,850,373$10,082,877
73$16,949,179$8,617,417$6,998,544$10,658,813
74$18,594,118$8,955,792$7,149,117$11,278,806
75$20,404,197$9,308,105$7,302,092$11,946,847
76$22,396,180$9,674,957$7,457,467$12,667,313
77$24,588,533$10,056,973$7,615,235$13,445,007
78$27,001,607$10,454,808$7,775,388$14,285,206
79$29,657,823$10,869,145$7,937,916$15,193,700
80$32,581,887$11,300,700$8,102,803$16,176,849
81$35,801,024$11,750,219$8,270,031$17,241,641
82$39,345,230$12,218,481$8,439,578$18,395,750
83$43,247,558$12,706,302$8,611,420$19,647,611
84$47,544,432$13,214,533$8,785,524$21,006,491
85$52,275,983$13,744,064$8,961,859$22,482,579
86$57,486,436$14,295,827$9,140,384$24,087,071
87$63,224,523$14,870,792$9,321,057$25,832,281
88$69,543,939$15,469,976$9,503,828$27,731,745
89$76,503,858$16,094,441$9,688,642$29,800,351
90$84,169,481$16,745,298$9,875,441$32,054,472
91$92,612,657$17,423,707$10,064,158$34,512,117
92$101,912,561$18,130,882$10,254,721$37,193,096
93$112,156,438$18,868,091$10,447,049$40,119,204
94$123,440,428$19,636,660$10,641,058$43,314,419
95$135,870,471$20,437,976$10,836,653$46,805,127
96$149,563,311$21,273,489$11,033,733$50,620,362
97$164,647,593$22,144,715$11,232,188$54,792,077
98$181,265,080$23,053,238$11,431,899$59,355,437
99$199,571,989$24,000,718$11,632,738$64,349,149
100$219,740,466$24,988,887$11,834,569$69,815,818