Can I retire at age 61 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$462,443$458,324$454,305$450,382$446,552$434,348
2 years$228,932$224,668$220,536$216,530$212,644$200,437
3 years$151,105$146,823$142,702$138,733$134,910$123,083
4 years$112,200$107,931$103,850$99,949$96,219$84,863
5 years$88,862$84,619$80,592$76,771$73,144$62,290
6 years$73,309$69,098$65,130$61,394$57,876$47,535
7 years$62,204$58,028$54,124$50,475$47,069$37,240
8 years$53,879$49,741$45,901$42,343$39,048$29,727
9 years$47,408$43,308$39,535$36,066$32,884$24,062
10 years$42,233$38,174$34,467$31,090$28,019$19,684
11 years$38,003$33,984$30,344$27,057$24,097$16,237
12 years$34,480$30,502$26,930$23,733$20,882$13,481
13 years$31,501$27,565$24,060$20,953$18,210$11,253
14 years$28,950$25,056$21,618$18,599$15,963$9,433
15 years$26,741$22,889$19,518$16,587$14,055$7,936
16 years$24,810$21,000$17,696$14,852$12,422$6,695
17 years$23,108$19,341$16,103$13,345$11,014$5,662
18 years$21,597$17,872$14,700$12,026$9,793$4,798
19 years$20,247$16,563$13,457$10,867$8,729$4,073
20 years$19,033$15,391$12,350$9,842$7,797$3,462
21 years$17,936$14,336$11,360$8,932$6,977$2,947
22 years$16,940$13,383$10,470$8,121$6,254$2,511
23 years$16,032$12,516$9,667$7,396$5,614$2,141
24 years$15,201$11,727$8,940$6,746$5,046$1,827
25 years$14,438$11,005$8,280$6,161$4,541$1,560
26 years$13,734$10,343$7,680$5,633$4,090$1,332
27 years$13,084$9,734$7,131$5,156$3,687$1,139
28 years$12,481$9,172$6,629$4,724$3,327$974
29 years$11,921$8,653$6,169$4,332$3,004$833
30 years$11,399$8,172$5,746$3,976$2,715$712
31 years$10,912$7,725$5,357$3,651$2,454$610
32 years$10,456$7,310$4,998$3,356$2,220$522
33 years$10,029$6,922$4,667$3,086$2,009$447
34 years$9,627$6,561$4,361$2,839$1,819$382
35 years$9,250$6,223$4,077$2,614$1,648$327
36 years$8,894$5,906$3,814$2,407$1,493$280
37 years$8,558$5,610$3,570$2,218$1,353$240
38 years$8,241$5,331$3,343$2,044$1,227$206
39 years$7,941$5,069$3,132$1,885$1,112$176
40 years$7,656$4,823$2,936$1,739$1,009$151
41 years$7,386$4,591$2,753$1,604$915$129
42 years$7,130$4,372$2,582$1,480$831$111
43 years$6,886$4,166$2,423$1,367$754$95
44 years$6,654$3,971$2,274$1,262$684$81
45 years$6,432$3,787$2,135$1,165$621$70
46 years$6,221$3,613$2,006$1,076$564$60
47 years$6,020$3,447$1,884$994$512$51
48 years$5,828$3,291$1,771$919$465$44
49 years$5,644$3,143$1,664$849$422$38
50 years$5,468$3,002$1,565$785$384$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,600,000, adding $2,894 every year, while hoping to spend $53,290 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: 66/11/23 Blend
60$5,600,000$5,600,000$5,600,000$5,600,000
61$6,174,185$5,877,385$5,790,585$6,545,011
62$6,747,252$6,108,677$5,927,870$7,025,935
63$7,376,985$6,349,516$6,067,967$7,545,189
64$8,069,109$6,600,314$6,210,915$8,111,652
65$8,829,930$6,861,500$6,356,752$8,729,969
66$9,666,393$7,133,525$6,505,514$9,405,254
67$10,586,155$7,416,856$6,657,238$10,143,136
68$11,597,646$7,711,985$6,811,959$10,949,814
69$12,710,157$8,019,425$6,969,711$11,832,113
70$13,933,926$8,339,709$7,130,530$12,797,548
71$15,280,231$8,673,399$7,294,446$13,854,395
72$16,761,497$9,021,078$7,461,493$15,011,766
73$18,391,417$9,383,358$7,631,700$16,279,698
74$20,185,076$9,760,878$7,805,097$17,669,243
75$22,159,098$10,154,305$7,981,712$19,192,577
76$24,331,797$10,564,336$8,161,570$20,863,106
77$26,723,353$10,991,702$8,344,696$22,695,598
78$29,356,005$11,437,165$8,531,113$24,706,321
79$32,254,253$11,901,522$8,720,841$26,913,193
80$35,445,097$12,385,607$8,913,899$29,335,950
81$38,958,286$12,890,290$9,110,303$31,996,335
82$42,826,600$13,416,483$9,310,067$34,918,298
83$47,086,160$13,965,139$9,513,202$38,128,225
84$51,776,771$14,537,252$9,719,716$41,655,181
85$56,942,290$15,133,866$9,929,615$45,531,187
86$62,631,047$15,756,069$10,142,901$49,791,522
87$68,896,298$16,405,001$10,359,572$54,475,051
88$75,796,726$17,081,851$10,579,623$59,624,591
89$83,396,997$17,787,867$10,803,046$65,287,318
90$91,768,370$18,524,352$11,029,827$71,515,207
91$100,989,367$19,292,668$11,259,949$78,365,521
92$111,146,514$20,094,241$11,493,390$85,901,355
93$122,335,163$20,930,563$11,730,122$94,192,222
94$134,660,382$21,803,192$11,970,114$103,314,716
95$148,237,954$22,713,763$12,213,326$113,353,227
96$163,195,469$23,663,981$12,459,716$124,400,740
97$179,673,524$24,655,633$12,709,234$136,559,710
98$197,827,052$25,690,587$12,961,821$149,943,023
99$217,826,785$26,770,799$13,217,416$164,675,070
100$239,860,863$27,898,315$13,475,946$180,892,906