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%12.7%
1 years$445,927$441,955$438,080$434,297$430,604$425,753
2 years$220,756$216,645$212,660$208,797$205,049$200,166
3 years$145,709$141,580$137,605$133,778$130,092$125,327
4 years$108,192$104,076$100,141$96,380$92,783$88,174
5 years$85,689$81,597$77,714$74,029$70,532$66,092
6 years$70,691$66,630$62,804$59,201$55,809$51,545
7 years$59,983$55,956$52,191$48,673$45,388$41,299
8 years$51,955$47,964$44,262$40,830$37,654$33,741
9 years$45,714$41,762$38,123$34,778$31,710$27,972
10 years$40,725$36,811$33,236$29,979$27,018$23,453
11 years$36,645$32,771$29,261$26,091$23,237$19,840
12 years$33,248$29,413$25,968$22,885$20,136$16,905
13 years$30,376$26,581$23,201$20,204$17,559$14,490
14 years$27,916$24,161$20,846$17,935$15,392$12,480
15 years$25,786$22,072$18,821$15,995$13,553$10,793
16 years$23,924$20,250$17,064$14,322$11,978$9,366
17 years$22,283$18,650$15,528$12,868$10,620$8,152
18 years$20,826$17,233$14,175$11,597$9,443$7,112
19 years$19,523$15,972$12,976$10,479$8,417$6,218
20 years$18,353$14,842$11,909$9,490$7,518$5,447
21 years$17,295$13,824$10,954$8,613$6,728$4,779
22 years$16,335$12,905$10,096$7,831$6,031$4,199
23 years$15,459$12,069$9,322$7,132$5,413$3,693
24 years$14,658$11,308$8,621$6,505$4,866$3,252
25 years$13,922$10,612$7,985$5,941$4,378$2,866
26 years$13,244$9,974$7,405$5,432$3,944$2,528
27 years$12,617$9,386$6,877$4,972$3,556$2,231
28 years$12,035$8,845$6,393$4,555$3,208$1,971
29 years$11,495$8,344$5,949$4,177$2,897$1,742
30 years$10,992$7,880$5,541$3,834$2,618$1,540
31 years$10,522$7,449$5,166$3,521$2,367$1,362
32 years$10,083$7,049$4,820$3,236$2,141$1,205
33 years$9,671$6,675$4,500$2,976$1,937$1,066
34 years$9,284$6,326$4,205$2,738$1,754$944
35 years$8,920$6,001$3,931$2,520$1,589$836
36 years$8,576$5,695$3,678$2,321$1,440$741
37 years$8,253$5,409$3,442$2,139$1,305$656
38 years$7,947$5,141$3,223$1,971$1,183$581
39 years$7,657$4,888$3,020$1,818$1,073$515
40 years$7,383$4,651$2,831$1,676$973$457
41 years$7,122$4,427$2,654$1,547$883$405
42 years$6,875$4,216$2,490$1,427$801$359
43 years$6,640$4,017$2,336$1,318$727$318
44 years$6,416$3,829$2,193$1,217$660$282
45 years$6,203$3,652$2,059$1,124$599$250
46 years$5,999$3,484$1,934$1,038$544$222
47 years$5,805$3,324$1,817$959$494$197
48 years$5,619$3,174$1,707$886$448$175
49 years$5,442$3,031$1,605$819$407$155
50 years$5,272$2,895$1,509$757$370$137

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 $3,041 every year, while hoping to spend $56,283 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: 62/9/29 Blend
60$5,400,000$5,400,000$5,400,000$5,400,000
61$5,953,937$5,667,737$5,584,037$6,276,436
62$6,501,354$5,885,571$5,711,217$6,714,012
63$7,102,721$6,112,193$5,840,772$7,185,261
64$7,763,481$6,347,974$5,972,721$7,698,677
65$8,489,633$6,593,301$6,107,083$8,258,399
66$9,287,781$6,848,578$6,243,876$8,868,986
67$10,165,205$7,114,229$6,383,117$9,535,455
68$11,129,923$7,390,693$6,524,818$10,263,331
69$12,190,771$7,678,433$6,668,995$11,058,697
70$13,357,481$7,977,927$6,815,658$11,928,254
71$14,640,778$8,289,680$6,964,817$12,879,378
72$16,052,477$8,614,214$7,116,478$13,920,196
73$17,605,598$8,952,079$7,270,648$15,059,654
74$19,314,484$9,303,845$7,427,330$16,307,608
75$21,194,939$9,670,112$7,586,523$17,674,914
76$23,264,377$10,051,502$7,748,226$19,173,527
77$25,541,986$10,448,668$7,912,434$20,816,618
78$28,048,908$10,862,292$8,079,140$22,618,694
79$30,808,437$11,293,084$8,248,331$24,595,735
80$33,846,242$11,741,790$8,419,995$26,765,344
81$37,190,607$12,209,186$8,594,113$29,146,916
82$40,872,696$12,696,083$8,770,663$31,761,812
83$44,926,851$13,203,331$8,949,620$34,633,570
84$49,390,911$13,731,816$9,130,954$37,788,117
85$54,306,574$14,282,465$9,314,631$41,254,020
86$59,719,785$14,856,245$9,500,611$45,062,752
87$65,681,172$15,454,171$9,688,850$49,248,986
88$72,246,524$16,077,298$9,879,300$53,850,924
89$79,477,318$16,726,734$10,071,905$58,910,658
90$87,441,294$17,403,634$10,266,603$64,474,563
91$96,213,101$18,109,207$10,463,329$70,593,735
92$105,874,995$18,844,716$10,662,009$77,324,473
93$116,517,619$19,611,481$10,862,561$84,728,808
94$128,240,858$20,410,885$11,064,897$92,875,090
95$141,154,777$21,244,370$11,268,923$101,838,629
96$155,380,667$22,113,447$11,474,535$111,702,406
97$171,052,182$23,019,693$11,681,619$122,557,857
98$188,316,607$23,964,761$11,890,056$134,505,730
99$207,336,243$24,950,375$12,099,714$147,657,041
100$228,289,938$25,978,342$12,310,453$162,134,115