Can I retire at age 61 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$445,927$441,955$438,080$434,297$430,604$422,255
2 years$220,756$216,645$212,660$208,797$205,049$196,672
3 years$145,709$141,580$137,605$133,778$130,092$121,947
4 years$108,192$104,076$100,141$96,380$92,783$84,933
5 years$85,689$81,597$77,714$74,029$70,532$63,000
6 years$70,691$66,630$62,804$59,201$55,809$48,604
7 years$59,983$55,956$52,191$48,673$45,388$38,510
8 years$51,955$47,964$44,262$40,830$37,654$31,102
9 years$45,714$41,762$38,123$34,778$31,710$25,479
10 years$40,725$36,811$33,236$29,979$27,018$21,104
11 years$36,645$32,771$29,261$26,091$23,237$17,631
12 years$33,248$29,413$25,968$22,885$20,136$14,831
13 years$30,376$26,581$23,201$20,204$17,559$12,546
14 years$27,916$24,161$20,846$17,935$15,392$10,662
15 years$25,786$22,072$18,821$15,995$13,553$9,096
16 years$23,924$20,250$17,064$14,322$11,978$7,784
17 years$22,283$18,650$15,528$12,868$10,620$6,679
18 years$20,826$17,233$14,175$11,597$9,443$5,744
19 years$19,523$15,972$12,976$10,479$8,417$4,949
20 years$18,353$14,842$11,909$9,490$7,518$4,271
21 years$17,295$13,824$10,954$8,613$6,728$3,691
22 years$16,335$12,905$10,096$7,831$6,031$3,194
23 years$15,459$12,069$9,322$7,132$5,413$2,766
24 years$14,658$11,308$8,621$6,505$4,866$2,398
25 years$13,922$10,612$7,985$5,941$4,378$2,080
26 years$13,244$9,974$7,405$5,432$3,944$1,806
27 years$12,617$9,386$6,877$4,972$3,556$1,569
28 years$12,035$8,845$6,393$4,555$3,208$1,363
29 years$11,495$8,344$5,949$4,177$2,897$1,185
30 years$10,992$7,880$5,541$3,834$2,618$1,031
31 years$10,522$7,449$5,166$3,521$2,367$897
32 years$10,083$7,049$4,820$3,236$2,141$780
33 years$9,671$6,675$4,500$2,976$1,937$679
34 years$9,284$6,326$4,205$2,738$1,754$591
35 years$8,920$6,001$3,931$2,520$1,589$515
36 years$8,576$5,695$3,678$2,321$1,440$448
37 years$8,253$5,409$3,442$2,139$1,305$391
38 years$7,947$5,141$3,223$1,971$1,183$340
39 years$7,657$4,888$3,020$1,818$1,073$296
40 years$7,383$4,651$2,831$1,676$973$258
41 years$7,122$4,427$2,654$1,547$883$225
42 years$6,875$4,216$2,490$1,427$801$196
43 years$6,640$4,017$2,336$1,318$727$171
44 years$6,416$3,829$2,193$1,217$660$149
45 years$6,203$3,652$2,059$1,124$599$130
46 years$5,999$3,484$1,934$1,038$544$113
47 years$5,805$3,324$1,817$959$494$99
48 years$5,619$3,174$1,707$886$448$86
49 years$5,442$3,031$1,605$819$407$75
50 years$5,272$2,895$1,509$757$370$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,400,000, adding $5,013 every year, while hoping to spend $24,808 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: 53/21/26 Blend
60$5,400,000$5,400,000$5,400,000$5,400,000
61$5,955,971$5,669,771$5,586,071$6,228,294
62$6,537,084$5,921,194$5,746,809$6,668,583
63$7,176,640$6,184,106$5,912,100$7,144,515
64$7,880,573$6,459,042$6,082,071$7,661,955
65$8,655,422$6,746,566$6,256,851$8,224,882
66$9,508,393$7,047,266$6,436,573$8,837,669
67$10,447,426$7,361,759$6,621,375$9,505,127
68$11,481,269$7,690,691$6,811,397$10,232,546
69$12,619,563$8,034,739$7,006,784$11,025,744
70$13,872,930$8,394,613$7,207,682$11,891,121
71$15,253,075$8,771,055$7,414,246$12,835,718
72$16,772,895$9,164,843$7,626,629$13,867,282
73$18,446,603$9,576,793$7,844,994$14,994,336
74$20,289,860$10,007,759$8,069,505$16,226,260
75$22,319,923$10,458,637$8,300,330$17,573,375
76$24,555,808$10,930,362$8,537,644$19,047,042
77$27,018,469$11,423,919$8,781,624$20,659,763
78$29,730,998$11,940,337$9,032,454$22,425,302
79$32,718,839$12,480,692$9,290,320$24,358,806
80$36,010,032$13,046,117$9,555,417$26,476,955
81$39,635,473$13,637,795$9,827,941$28,798,106
82$43,629,210$14,256,965$10,108,096$31,342,475
83$48,028,762$14,904,929$10,396,090$34,132,318
84$52,875,474$15,583,049$10,692,137$37,192,138
85$58,214,905$16,292,751$10,996,457$40,548,921
86$64,097,262$17,035,532$11,309,274$44,232,379
87$70,577,868$17,812,959$11,630,821$48,275,232
88$77,717,691$18,626,675$11,961,334$52,713,514
89$85,583,914$19,478,400$12,301,057$57,586,910
90$94,250,571$20,369,939$12,650,240$62,939,124
91$103,799,245$21,303,182$13,009,139$68,818,291
92$114,319,840$22,280,110$13,378,017$75,277,428
93$125,911,428$23,302,800$13,757,144$82,374,928
94$138,683,182$24,373,426$14,146,798$90,175,110
95$152,755,413$25,494,270$14,547,262$98,748,821
96$168,260,698$26,667,722$14,958,827$108,174,098
97$185,345,134$27,896,286$15,381,794$118,536,904
98$204,169,722$29,182,587$15,816,467$129,931,933
99$224,911,878$30,529,379$16,263,163$142,463,498
100$247,767,114$31,939,543$16,722,204$156,246,513