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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$454,185$450,139$446,192$442,340$438,578$424,199
2 years$224,844$220,656$216,598$212,663$208,847$194,497
3 years$148,407$144,201$140,153$136,255$132,501$118,632
4 years$110,196$106,003$101,996$98,164$94,501$81,218
5 years$87,275$83,108$79,153$75,400$71,838$59,177
6 years$72,000$67,864$63,967$60,298$56,843$44,814
7 years$61,093$56,992$53,157$49,574$46,229$34,830
8 years$52,917$48,853$45,081$41,586$38,351$27,575
9 years$46,561$42,535$38,829$35,422$32,297$22,131
10 years$41,479$37,493$33,852$30,534$27,519$17,946
11 years$37,324$33,377$29,802$26,574$23,667$14,670
12 years$33,864$29,958$26,449$23,309$20,509$12,068
13 years$30,938$27,073$23,630$20,578$17,885$9,978
14 years$28,433$24,609$21,232$18,267$15,677$8,284
15 years$26,263$22,480$19,170$16,291$13,804$6,900
16 years$24,367$20,625$17,380$14,587$12,200$5,763
17 years$22,696$18,995$15,815$13,106$10,817$4,825
18 years$21,211$17,552$14,437$11,811$9,618$4,046
19 years$19,885$16,267$13,217$10,673$8,573$3,399
20 years$18,693$15,116$12,130$9,666$7,657$2,858
21 years$17,615$14,080$11,157$8,773$6,853$2,407
22 years$16,637$13,144$10,283$7,976$6,142$2,028
23 years$15,746$12,293$9,494$7,264$5,514$1,710
24 years$14,930$11,518$8,781$6,625$4,956$1,443
25 years$14,180$10,809$8,133$6,051$4,459$1,219
26 years$13,489$10,158$7,543$5,532$4,017$1,029
27 years$12,850$9,560$7,004$5,064$3,622$870
28 years$12,258$9,009$6,511$4,640$3,268$735
29 years$11,708$8,499$6,059$4,255$2,951$622
30 years$11,196$8,026$5,644$3,905$2,666$526
31 years$10,717$7,587$5,262$3,586$2,411$445
32 years$10,269$7,179$4,909$3,296$2,180$376
33 years$9,850$6,799$4,584$3,031$1,973$318
34 years$9,456$6,444$4,283$2,789$1,787$269
35 years$9,085$6,112$4,004$2,567$1,618$228
36 years$8,735$5,801$3,746$2,364$1,466$193
37 years$8,405$5,510$3,506$2,178$1,329$163
38 years$8,094$5,236$3,283$2,008$1,205$138
39 years$7,799$4,979$3,076$1,851$1,092$117
40 years$7,519$4,737$2,883$1,708$991$99
41 years$7,254$4,509$2,703$1,575$899$84
42 years$7,002$4,294$2,536$1,454$816$71
43 years$6,763$4,092$2,380$1,342$740$60
44 years$6,535$3,900$2,234$1,239$672$51
45 years$6,318$3,719$2,097$1,144$610$43
46 years$6,110$3,548$1,970$1,057$554$36
47 years$5,913$3,386$1,851$977$503$31
48 years$5,724$3,232$1,739$902$457$26
49 years$5,543$3,087$1,635$834$415$22
50 years$5,370$2,949$1,537$771$377$19

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 $3,712 every year, while hoping to spend $48,555 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: 40/33/27 Blend
60$5,500,000$5,500,000$5,500,000$5,500,000
61$6,064,829$5,773,329$5,688,079$6,258,907
62$6,631,779$6,004,560$5,826,967$6,631,283
63$7,254,931$6,245,494$5,968,881$7,029,081
64$7,939,966$6,496,555$6,113,871$7,458,523
65$8,693,143$6,758,186$6,261,986$7,922,538
66$9,521,358$7,030,852$6,413,277$8,424,338
67$10,432,209$7,315,036$6,567,793$8,967,456
68$11,434,066$7,611,244$6,725,586$9,555,770
69$12,536,152$7,920,007$6,886,705$10,193,542
70$13,748,629$8,241,877$7,051,199$10,885,459
71$15,082,693$8,577,433$7,219,118$11,636,668
72$16,550,680$8,927,279$7,390,511$12,452,832
73$18,166,183$9,292,050$7,565,427$13,340,174
74$19,944,179$9,672,405$7,743,913$14,305,539
75$21,901,168$10,069,036$7,926,018$15,356,453
76$24,055,335$10,482,667$8,111,788$16,501,195
77$26,426,715$10,914,053$8,301,268$17,748,872
78$29,037,385$11,363,986$8,494,505$19,109,501
79$31,911,670$11,833,293$8,691,543$20,594,105
80$35,076,374$12,322,839$8,892,424$22,214,809
81$38,561,035$12,833,528$9,097,190$23,984,960
82$42,398,197$13,366,308$9,305,883$25,919,242
83$46,623,724$13,922,168$9,518,541$28,033,817
84$51,277,134$14,502,144$9,735,201$30,346,474
85$56,401,971$15,107,318$9,955,901$32,876,793
86$62,046,221$15,738,826$10,180,672$35,646,328
87$68,262,759$16,397,851$10,409,548$38,678,806
88$75,109,850$17,085,636$10,642,557$42,000,347
89$82,651,699$17,803,477$10,879,727$45,639,711
90$90,959,057$18,552,732$11,121,083$49,628,562
91$100,109,888$19,334,823$11,366,647$54,001,763
92$110,190,103$20,151,236$11,616,436$58,797,707
93$121,294,374$21,003,527$11,870,467$64,058,665
94$133,527,024$21,893,323$12,128,751$69,831,192
95$147,003,014$22,822,330$12,391,298$76,166,555
96$161,849,027$23,792,329$12,658,112$83,121,214
97$178,204,661$24,805,187$12,929,192$90,757,351
98$196,223,752$25,862,857$13,204,536$99,143,451
99$216,075,820$26,967,382$13,484,133$108,354,944
100$237,947,672$28,120,902$13,767,969$118,474,912