Can I retire at age 61 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$454,185$450,139$446,192$442,340$438,578$430,427
2 years$224,844$220,656$216,598$212,663$208,847$200,665
3 years$148,407$144,201$140,153$136,255$132,501$124,544
4 years$110,196$106,003$101,996$98,164$94,501$86,830
5 years$87,275$83,108$79,153$75,400$71,838$64,474
6 years$72,000$67,864$63,967$60,298$56,843$49,795
7 years$61,093$56,992$53,157$49,574$46,229$39,498
8 years$52,917$48,853$45,081$41,586$38,351$31,937
9 years$46,561$42,535$38,829$35,422$32,297$26,195
10 years$41,479$37,493$33,852$30,534$27,519$21,723
11 years$37,324$33,377$29,802$26,574$23,667$18,171
12 years$33,864$29,958$26,449$23,309$20,509$15,306
13 years$30,938$27,073$23,630$20,578$17,885$12,965
14 years$28,433$24,609$21,232$18,267$15,677$11,033
15 years$26,263$22,480$19,170$16,291$13,804$9,425
16 years$24,367$20,625$17,380$14,587$12,200$8,077
17 years$22,696$18,995$15,815$13,106$10,817$6,940
18 years$21,211$17,552$14,437$11,811$9,618$5,977
19 years$19,885$16,267$13,217$10,673$8,573$5,158
20 years$18,693$15,116$12,130$9,666$7,657$4,458
21 years$17,615$14,080$11,157$8,773$6,853$3,858
22 years$16,637$13,144$10,283$7,976$6,142$3,344
23 years$15,746$12,293$9,494$7,264$5,514$2,900
24 years$14,930$11,518$8,781$6,625$4,956$2,518
25 years$14,180$10,809$8,133$6,051$4,459$2,188
26 years$13,489$10,158$7,543$5,532$4,017$1,903
27 years$12,850$9,560$7,004$5,064$3,622$1,655
28 years$12,258$9,009$6,511$4,640$3,268$1,441
29 years$11,708$8,499$6,059$4,255$2,951$1,255
30 years$11,196$8,026$5,644$3,905$2,666$1,093
31 years$10,717$7,587$5,262$3,586$2,411$953
32 years$10,269$7,179$4,909$3,296$2,180$830
33 years$9,850$6,799$4,584$3,031$1,973$724
34 years$9,456$6,444$4,283$2,789$1,787$631
35 years$9,085$6,112$4,004$2,567$1,618$551
36 years$8,735$5,801$3,746$2,364$1,466$480
37 years$8,405$5,510$3,506$2,178$1,329$419
38 years$8,094$5,236$3,283$2,008$1,205$366
39 years$7,799$4,979$3,076$1,851$1,092$319
40 years$7,519$4,737$2,883$1,708$991$279
41 years$7,254$4,509$2,703$1,575$899$243
42 years$7,002$4,294$2,536$1,454$816$212
43 years$6,763$4,092$2,380$1,342$740$185
44 years$6,535$3,900$2,234$1,239$672$162
45 years$6,318$3,719$2,097$1,144$610$141
46 years$6,110$3,548$1,970$1,057$554$123
47 years$5,913$3,386$1,851$977$503$108
48 years$5,724$3,232$1,739$902$457$94
49 years$5,543$3,087$1,635$834$415$82
50 years$5,370$2,949$1,537$771$377$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,500,000, adding $2,867 every year, while hoping to spend $21,573 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: 62/18/20 Blend
60$5,500,000$5,500,000$5,500,000$5,500,000
61$6,063,957$5,772,457$5,687,207$6,408,406
62$6,659,527$6,032,354$5,854,775$6,901,075
63$7,315,123$6,304,263$6,027,234$7,436,049
64$8,036,843$6,588,750$6,204,724$8,019,620
65$8,831,409$6,886,407$6,387,390$8,656,521
66$9,706,228$7,197,855$6,575,383$9,351,960
67$10,669,459$7,523,747$6,768,854$10,111,668
68$11,730,096$7,864,762$6,967,963$10,941,951
69$12,898,047$8,221,616$7,172,871$11,849,746
70$14,184,230$8,595,058$7,383,744$12,842,689
71$15,600,678$8,985,872$7,600,756$13,929,186
72$17,160,647$9,394,880$7,824,081$15,118,485
73$18,878,748$9,822,944$8,053,902$16,420,768
74$20,771,077$10,270,965$8,290,405$17,847,244
75$22,855,375$10,739,891$8,533,782$19,410,251
76$25,151,190$11,230,712$8,784,230$21,123,373
77$27,680,061$11,744,466$9,041,952$23,001,565
78$30,465,726$12,282,244$9,307,156$25,061,294
79$33,534,341$12,845,185$9,580,057$27,320,692
80$36,914,730$13,434,485$9,860,875$29,799,722
81$40,638,655$14,051,397$10,149,836$32,520,369
82$44,741,117$14,697,235$10,447,175$35,506,845
83$49,260,685$15,373,374$10,753,130$38,785,810
84$54,239,863$16,081,257$11,067,948$42,386,628
85$59,725,486$16,822,396$11,391,881$46,341,637
86$65,769,168$17,598,375$11,725,191$50,686,454
87$72,427,783$18,410,856$12,068,145$55,460,307
88$79,764,006$19,261,577$12,421,018$60,706,404
89$87,846,905$20,152,365$12,784,092$66,472,338
90$96,752,590$21,085,131$13,157,659$72,810,530
91$106,564,931$22,061,879$13,542,018$79,778,726
92$117,376,353$23,084,711$13,937,475$87,440,535
93$129,288,707$24,155,828$14,344,347$95,866,025
94$142,414,231$25,277,539$14,762,957$105,132,384
95$156,876,607$26,452,263$15,193,641$115,324,646
96$172,812,133$27,682,536$15,636,741$126,536,482
97$190,371,008$28,971,018$16,092,608$138,871,090
98$209,718,747$30,320,494$16,561,607$152,442,158
99$231,037,747$31,733,886$17,044,109$167,374,935
100$254,529,008$33,214,256$17,540,497$183,807,410