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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$445,927$441,955$438,080$434,297$430,604$415,325
2 years$220,756$216,645$212,660$208,797$205,049$189,820
3 years$145,709$141,580$137,605$133,778$130,092$115,389
4 years$108,192$104,076$100,141$96,380$92,783$78,719
5 years$85,689$81,597$77,714$74,029$70,532$57,145
6 years$70,691$66,630$62,804$59,201$55,809$43,109
7 years$59,983$55,956$52,191$48,673$45,388$33,371
8 years$51,955$47,964$44,262$40,830$37,654$26,311
9 years$45,714$41,762$38,123$34,778$31,710$21,026
10 years$40,725$36,811$33,236$29,979$27,018$16,975
11 years$36,645$32,771$29,261$26,091$23,237$13,814
12 years$33,248$29,413$25,968$22,885$20,136$11,311
13 years$30,376$26,581$23,201$20,204$17,559$9,308
14 years$27,916$24,161$20,846$17,935$15,392$7,690
15 years$25,786$22,072$18,821$15,995$13,553$6,373
16 years$23,924$20,250$17,064$14,322$11,978$5,296
17 years$22,283$18,650$15,528$12,868$10,620$4,411
18 years$20,826$17,233$14,175$11,597$9,443$3,680
19 years$19,523$15,972$12,976$10,479$8,417$3,075
20 years$18,353$14,842$11,909$9,490$7,518$2,572
21 years$17,295$13,824$10,954$8,613$6,728$2,154
22 years$16,335$12,905$10,096$7,831$6,031$1,805
23 years$15,459$12,069$9,322$7,132$5,413$1,514
24 years$14,658$11,308$8,621$6,505$4,866$1,270
25 years$13,922$10,612$7,985$5,941$4,378$1,067
26 years$13,244$9,974$7,405$5,432$3,944$896
27 years$12,617$9,386$6,877$4,972$3,556$753
28 years$12,035$8,845$6,393$4,555$3,208$633
29 years$11,495$8,344$5,949$4,177$2,897$532
30 years$10,992$7,880$5,541$3,834$2,618$447
31 years$10,522$7,449$5,166$3,521$2,367$376
32 years$10,083$7,049$4,820$3,236$2,141$316
33 years$9,671$6,675$4,500$2,976$1,937$266
34 years$9,284$6,326$4,205$2,738$1,754$224
35 years$8,920$6,001$3,931$2,520$1,589$188
36 years$8,576$5,695$3,678$2,321$1,440$159
37 years$8,253$5,409$3,442$2,139$1,305$133
38 years$7,947$5,141$3,223$1,971$1,183$112
39 years$7,657$4,888$3,020$1,818$1,073$94
40 years$7,383$4,651$2,831$1,676$973$79
41 years$7,122$4,427$2,654$1,547$883$67
42 years$6,875$4,216$2,490$1,427$801$56
43 years$6,640$4,017$2,336$1,318$727$47
44 years$6,416$3,829$2,193$1,217$660$40
45 years$6,203$3,652$2,059$1,124$599$34
46 years$5,999$3,484$1,934$1,038$544$28
47 years$5,805$3,324$1,817$959$494$24
48 years$5,619$3,174$1,707$886$448$20
49 years$5,442$3,031$1,605$819$407$17
50 years$5,272$2,895$1,509$757$370$14

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 $2,733 every year, while hoping to spend $26,326 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: 78/11/11 Blend
60$5,400,000$5,400,000$5,400,000$5,400,000
61$5,953,619$5,667,419$5,583,719$6,405,992
62$6,532,878$5,917,112$5,742,763$6,953,525
63$7,170,338$6,178,157$5,906,253$7,550,247
64$7,871,909$6,451,084$6,074,309$8,203,968
65$8,644,102$6,736,445$6,247,056$8,920,364
66$9,494,090$7,034,821$6,424,622$9,705,682
67$10,429,778$7,346,818$6,607,138$10,566,801
68$11,459,876$7,673,072$6,794,738$11,511,297
69$12,593,981$8,014,251$6,987,559$12,547,512
70$13,842,669$8,371,050$7,185,744$13,684,633
71$15,217,592$8,744,202$7,389,437$14,932,777
72$16,731,590$9,134,473$7,598,787$16,303,086
73$18,398,814$9,542,663$7,813,948$17,807,833
74$20,234,853$9,969,613$8,035,075$19,460,533
75$22,256,887$10,416,204$8,262,330$21,276,074
76$24,483,849$10,883,357$8,495,877$23,270,854
77$26,936,599$11,372,039$8,735,886$25,462,935
78$29,638,124$11,883,261$8,982,530$27,872,213
79$32,613,756$12,418,084$9,235,988$30,520,603
80$35,891,407$12,977,618$9,496,442$33,432,247
81$39,501,837$13,563,028$9,764,079$36,633,742
82$43,478,940$14,175,532$10,039,091$40,154,383
83$47,860,067$14,816,407$10,321,676$44,026,446
84$52,686,376$15,486,994$10,612,034$48,285,487
85$58,003,223$16,188,694$10,910,374$52,970,677
86$63,860,588$16,922,976$11,216,908$58,125,170
87$70,313,547$17,691,381$11,531,853$63,796,511
88$77,422,792$18,495,521$11,855,434$70,037,079
89$85,255,204$19,337,089$12,187,877$76,904,584
90$93,884,483$20,217,854$12,529,420$84,462,608
91$103,391,846$21,139,675$12,880,301$92,781,202
92$113,866,791$22,104,496$13,240,768$101,937,549
93$125,407,943$23,114,356$13,611,073$112,016,686
94$138,123,986$24,171,391$13,991,476$123,112,309
95$152,134,684$25,277,841$14,382,242$135,327,653
96$167,572,017$26,436,051$14,783,643$148,776,464
97$184,581,426$27,648,481$15,195,958$163,584,073
98$203,323,183$28,917,707$15,619,474$179,888,572
99$223,973,904$30,246,431$16,054,482$197,842,120
100$246,728,218$31,637,482$16,501,284$217,612,373