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%11.2%
1 years$454,185$450,139$446,192$442,340$438,578$436,363
2 years$224,844$220,656$216,598$212,663$208,847$206,611
3 years$148,407$144,201$140,153$136,255$132,501$130,314
4 years$110,196$106,003$101,996$98,164$94,501$92,380
5 years$87,275$83,108$79,153$75,400$71,838$69,789
6 years$72,000$67,864$63,967$60,298$56,843$54,868
7 years$61,093$56,992$53,157$49,574$46,229$44,329
8 years$52,917$48,853$45,081$41,586$38,351$36,528
9 years$46,561$42,535$38,829$35,422$32,297$30,549
10 years$41,479$37,493$33,852$30,534$27,519$25,845
11 years$37,324$33,377$29,802$26,574$23,667$22,066
12 years$33,864$29,958$26,449$23,309$20,509$18,981
13 years$30,938$27,073$23,630$20,578$17,885$16,427
14 years$28,433$24,609$21,232$18,267$15,677$14,288
15 years$26,263$22,480$19,170$16,291$13,804$12,482
16 years$24,367$20,625$17,380$14,587$12,200$10,943
17 years$22,696$18,995$15,815$13,106$10,817$9,624
18 years$21,211$17,552$14,437$11,811$9,618$8,486
19 years$19,885$16,267$13,217$10,673$8,573$7,500
20 years$18,693$15,116$12,130$9,666$7,657$6,642
21 years$17,615$14,080$11,157$8,773$6,853$5,893
22 years$16,637$13,144$10,283$7,976$6,142$5,235
23 years$15,746$12,293$9,494$7,264$5,514$4,658
24 years$14,930$11,518$8,781$6,625$4,956$4,149
25 years$14,180$10,809$8,133$6,051$4,459$3,699
26 years$13,489$10,158$7,543$5,532$4,017$3,302
27 years$12,850$9,560$7,004$5,064$3,622$2,949
28 years$12,258$9,009$6,511$4,640$3,268$2,636
29 years$11,708$8,499$6,059$4,255$2,951$2,358
30 years$11,196$8,026$5,644$3,905$2,666$2,110
31 years$10,717$7,587$5,262$3,586$2,411$1,889
32 years$10,269$7,179$4,909$3,296$2,180$1,692
33 years$9,850$6,799$4,584$3,031$1,973$1,517
34 years$9,456$6,444$4,283$2,789$1,787$1,360
35 years$9,085$6,112$4,004$2,567$1,618$1,219
36 years$8,735$5,801$3,746$2,364$1,466$1,094
37 years$8,405$5,510$3,506$2,178$1,329$981
38 years$8,094$5,236$3,283$2,008$1,205$881
39 years$7,799$4,979$3,076$1,851$1,092$791
40 years$7,519$4,737$2,883$1,708$991$710
41 years$7,254$4,509$2,703$1,575$899$637
42 years$7,002$4,294$2,536$1,454$816$572
43 years$6,763$4,092$2,380$1,342$740$514
44 years$6,535$3,900$2,234$1,239$672$462
45 years$6,318$3,719$2,097$1,144$610$415
46 years$6,110$3,548$1,970$1,057$554$373
47 years$5,913$3,386$1,851$977$503$335
48 years$5,724$3,232$1,739$902$457$301
49 years$5,543$3,087$1,635$834$415$271
50 years$5,370$2,949$1,537$771$377$243

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 $4,145 every year, while hoping to spend $56,396 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: 31/46/23 Blend
60$5,500,000$5,500,000$5,500,000$5,500,000
61$6,065,276$5,773,776$5,688,526$6,210,024
62$6,623,929$5,996,686$5,819,086$6,543,445
63$7,237,674$6,228,628$5,952,131$6,896,777
64$7,912,072$6,469,986$6,087,682$7,275,972
65$8,653,248$6,721,160$6,225,764$7,683,320
66$9,467,949$6,982,566$6,366,396$8,121,335
67$10,363,610$7,254,642$6,509,601$8,592,771
68$11,348,420$7,537,842$6,655,395$9,100,650
69$12,431,405$7,832,642$6,803,797$9,648,289
70$13,622,506$8,139,539$6,954,821$10,239,327
71$14,932,677$8,459,051$7,108,483$10,877,761
72$16,373,986$8,791,721$7,264,793$11,567,978
73$17,959,732$9,138,114$7,423,763$12,314,796
74$19,704,564$9,498,822$7,585,399$13,123,508
75$21,624,628$9,874,462$7,749,708$13,999,928
76$23,737,709$10,265,680$7,916,692$14,950,445
77$26,063,406$10,673,150$8,086,352$15,982,080
78$28,623,315$11,097,575$8,258,686$17,102,549
79$31,441,230$11,539,693$8,433,689$18,320,336
80$34,543,370$12,000,273$8,611,352$19,644,767
81$37,958,625$12,480,117$8,791,664$21,086,096
82$41,718,829$12,980,067$8,974,608$22,655,600
83$45,859,058$13,500,999$9,160,167$24,365,681
84$50,417,966$14,043,832$9,348,316$26,229,982
85$55,438,143$14,609,524$9,539,029$28,263,509
86$60,966,520$15,199,078$9,732,274$30,482,770
87$67,054,814$15,813,541$9,928,013$32,905,930
88$73,760,008$16,454,008$10,126,205$35,552,975
89$81,144,900$17,121,625$10,326,803$38,445,899
90$89,278,683$17,817,588$10,529,755$41,608,905
91$98,237,608$18,543,149$10,735,001$45,068,631
92$108,105,697$19,299,616$10,942,476$48,854,399
93$118,975,538$20,088,358$11,152,109$52,998,481
94$130,949,160$20,910,804$11,363,822$57,536,403
95$144,138,991$21,768,451$11,577,527$62,507,277
96$158,668,926$22,662,862$11,793,132$67,954,158
97$174,675,488$23,595,674$12,010,533$73,924,452
98$192,309,123$24,568,597$12,229,621$80,470,353
99$211,735,616$25,583,421$12,450,276$87,649,332
100$233,137,656$26,642,016$12,672,368$95,524,673