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%16.1%
1 years$445,927$441,955$438,080$434,297$430,604$419,853
2 years$220,756$216,645$212,660$208,797$205,049$194,286
3 years$145,709$141,580$137,605$133,778$130,092$119,653
4 years$108,192$104,076$100,141$96,380$92,783$82,748
5 years$85,689$81,597$77,714$74,029$70,532$60,930
6 years$70,691$66,630$62,804$59,201$55,809$46,650
7 years$59,983$55,956$52,191$48,673$45,388$36,671
8 years$51,955$47,964$44,262$40,830$37,654$29,376
9 years$45,714$41,762$38,123$34,778$31,710$23,864
10 years$40,725$36,811$33,236$29,979$27,018$19,595
11 years$36,645$32,771$29,261$26,091$23,237$16,226
12 years$33,248$29,413$25,968$22,885$20,136$13,525
13 years$30,376$26,581$23,201$20,204$17,559$11,335
14 years$27,916$24,161$20,846$17,935$15,392$9,541
15 years$25,786$22,072$18,821$15,995$13,553$8,061
16 years$23,924$20,250$17,064$14,322$11,978$6,830
17 years$22,283$18,650$15,528$12,868$10,620$5,801
18 years$20,826$17,233$14,175$11,597$9,443$4,938
19 years$19,523$15,972$12,976$10,479$8,417$4,211
20 years$18,353$14,842$11,909$9,490$7,518$3,596
21 years$17,295$13,824$10,954$8,613$6,728$3,074
22 years$16,335$12,905$10,096$7,831$6,031$2,631
23 years$15,459$12,069$9,322$7,132$5,413$2,254
24 years$14,658$11,308$8,621$6,505$4,866$1,933
25 years$13,922$10,612$7,985$5,941$4,378$1,658
26 years$13,244$9,974$7,405$5,432$3,944$1,423
27 years$12,617$9,386$6,877$4,972$3,556$1,222
28 years$12,035$8,845$6,393$4,555$3,208$1,050
29 years$11,495$8,344$5,949$4,177$2,897$903
30 years$10,992$7,880$5,541$3,834$2,618$776
31 years$10,522$7,449$5,166$3,521$2,367$667
32 years$10,083$7,049$4,820$3,236$2,141$574
33 years$9,671$6,675$4,500$2,976$1,937$494
34 years$9,284$6,326$4,205$2,738$1,754$425
35 years$8,920$6,001$3,931$2,520$1,589$366
36 years$8,576$5,695$3,678$2,321$1,440$315
37 years$8,253$5,409$3,442$2,139$1,305$271
38 years$7,947$5,141$3,223$1,971$1,183$233
39 years$7,657$4,888$3,020$1,818$1,073$201
40 years$7,383$4,651$2,831$1,676$973$173
41 years$7,122$4,427$2,654$1,547$883$149
42 years$6,875$4,216$2,490$1,427$801$128
43 years$6,640$4,017$2,336$1,318$727$110
44 years$6,416$3,829$2,193$1,217$660$95
45 years$6,203$3,652$2,059$1,124$599$82
46 years$5,999$3,484$1,934$1,038$544$70
47 years$5,805$3,324$1,817$959$494$61
48 years$5,619$3,174$1,707$886$448$52
49 years$5,442$3,031$1,605$819$407$45
50 years$5,272$2,895$1,509$757$370$39

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 $3,640 every year, while hoping to spend $40,946 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: 67/24/9 Blend
60$5,400,000$5,400,000$5,400,000$5,400,000
61$5,954,555$5,668,355$5,584,655$6,342,695
62$6,518,353$5,902,538$5,728,174$6,835,211
63$7,138,286$6,146,824$5,875,130$7,368,217
64$7,820,038$6,401,664$6,025,592$7,949,853
65$8,569,867$6,667,531$6,179,635$8,584,866
66$9,394,673$6,944,920$6,337,333$9,278,482
67$10,302,056$7,234,347$6,498,759$10,036,449
68$11,300,389$7,536,353$6,663,991$10,865,094
69$12,398,899$7,851,505$6,833,105$11,771,378
70$13,607,752$8,180,394$7,006,180$12,762,964
71$14,938,149$8,523,640$7,183,293$13,848,286
72$16,402,433$8,881,891$7,364,526$15,036,626
73$18,014,202$9,255,824$7,549,959$16,338,205
74$19,788,441$9,646,150$7,739,673$17,764,272
75$21,741,662$10,053,611$7,933,752$19,327,213
76$23,892,057$10,478,984$8,132,278$21,040,664
77$26,259,675$10,923,082$8,335,337$22,919,640
78$28,866,603$11,386,755$8,543,013$24,980,673
79$31,737,185$11,870,894$8,755,392$27,241,967
80$34,898,241$12,376,430$8,972,560$29,723,568
81$38,379,326$12,904,340$9,194,606$32,447,552
82$42,213,008$13,455,644$9,421,616$35,438,230
83$46,435,174$14,031,409$9,653,679$38,722,376
84$51,085,368$14,632,755$9,890,884$42,329,478
85$56,207,168$15,260,852$10,133,320$46,292,013
86$61,848,590$15,916,924$10,381,077$50,645,751
87$68,062,548$16,602,256$10,634,246$55,430,093
88$74,907,351$17,318,189$10,892,916$60,688,435
89$82,447,249$18,066,129$11,157,177$66,468,581
90$90,753,047$18,847,548$11,427,121$72,823,186
91$99,902,765$19,663,985$11,702,837$79,810,253
92$109,982,382$20,517,055$11,984,416$87,493,677
93$121,086,639$21,408,445$12,271,949$95,943,845
94$133,319,942$22,339,925$12,565,525$105,238,297
95$146,797,339$23,313,344$12,865,233$115,462,451
96$161,645,612$24,330,642$13,171,163$126,710,414
97$178,004,470$25,393,849$13,483,402$139,085,855
98$196,027,867$26,505,089$13,802,037$152,702,992
99$215,885,460$27,666,588$14,127,156$167,687,656
100$237,764,204$28,880,678$14,458,842$184,178,478