Can I retire at age 61 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$478,959$474,692$470,530$466,467$462,500$459,778
2 years$237,108$232,692$228,413$224,263$220,238$217,492
3 years$156,502$152,067$147,798$143,688$139,728$137,043
4 years$116,207$111,785$107,559$103,519$99,655$97,051
5 years$92,036$87,641$83,470$79,512$75,756$73,242
6 years$75,927$71,566$67,456$63,587$59,943$57,521
7 years$64,426$60,101$56,057$52,278$48,750$46,422
8 years$55,803$51,517$47,540$43,855$40,443$38,208
9 years$49,101$44,855$40,947$37,355$34,059$31,917
10 years$43,742$39,538$35,698$32,200$29,020$26,970
11 years$39,360$35,198$31,428$28,024$24,958$22,999
12 years$35,711$31,592$27,892$24,580$21,628$19,758
13 years$32,626$28,550$24,919$21,701$18,860$17,078
14 years$29,984$25,951$22,390$19,264$16,533$14,835
15 years$27,696$23,707$20,215$17,180$14,557$12,942
16 years$25,696$21,750$18,328$15,383$12,865$11,332
17 years$23,933$20,031$16,678$13,821$11,407$9,952
18 years$22,368$18,510$15,225$12,456$10,143$8,763
19 years$20,970$17,155$13,938$11,255$9,040$7,734
20 years$19,712$15,941$12,791$10,193$8,075$6,839
21 years$18,576$14,848$11,765$9,251$7,226$6,059
22 years$17,545$13,860$10,844$8,411$6,477$5,375
23 years$16,605$12,963$10,012$7,660$5,814$4,775
24 years$15,744$12,146$9,260$6,987$5,226$4,247
25 years$14,953$11,398$8,576$6,381$4,703$3,781
26 years$14,225$10,713$7,954$5,834$4,236$3,369
27 years$13,551$10,082$7,386$5,340$3,819$3,004
28 years$12,927$9,500$6,866$4,893$3,446$2,681
29 years$12,347$8,962$6,390$4,487$3,112$2,394
30 years$11,806$8,464$5,952$4,118$2,812$2,139
31 years$11,302$8,001$5,549$3,782$2,542$1,912
32 years$10,830$7,571$5,177$3,476$2,299$1,710
33 years$10,387$7,170$4,834$3,196$2,081$1,530
34 years$9,971$6,795$4,516$2,941$1,884$1,369
35 years$9,580$6,445$4,222$2,707$1,706$1,226
36 years$9,212$6,117$3,950$2,493$1,546$1,098
37 years$8,864$5,810$3,697$2,297$1,401$984
38 years$8,535$5,522$3,462$2,117$1,270$881
39 years$8,224$5,250$3,244$1,952$1,152$790
40 years$7,930$4,995$3,040$1,801$1,045$708
41 years$7,650$4,755$2,851$1,661$948$634
42 years$7,384$4,529$2,674$1,533$860$569
43 years$7,132$4,315$2,509$1,415$781$510
44 years$6,891$4,113$2,355$1,307$709$457
45 years$6,662$3,922$2,212$1,207$643$410
46 years$6,444$3,742$2,077$1,115$584$368
47 years$6,235$3,571$1,952$1,030$530$330
48 years$6,036$3,409$1,834$952$482$296
49 years$5,845$3,255$1,724$880$437$266
50 years$5,663$3,109$1,621$813$397$238

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,800,000, adding $3,884 every year, while hoping to spend $54,121 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: 45/47/8 Blend
60$5,800,000$5,800,000$5,800,000$5,800,000
61$6,395,606$6,088,206$5,998,306$6,668,903
62$6,990,374$6,328,944$6,141,665$7,098,802
63$7,643,994$6,579,664$6,288,013$7,558,775
64$8,362,412$6,840,798$6,437,392$8,056,270
65$9,152,179$7,112,798$6,589,845$8,594,762
66$10,020,511$7,396,135$6,745,415$9,178,067
67$10,975,359$7,691,302$6,904,143$9,810,373
68$12,025,484$7,998,815$7,066,070$10,496,283
69$13,180,537$8,319,210$7,231,237$11,240,851
70$14,451,152$8,653,051$7,399,683$12,049,630
71$15,849,044$9,000,925$7,571,447$12,928,726
72$17,387,124$9,363,448$7,746,568$13,884,845
73$19,079,614$9,741,260$7,925,082$14,925,360
74$20,942,187$10,135,034$8,107,024$16,058,378
75$22,992,110$10,545,471$8,292,430$17,292,811
76$25,248,411$10,973,305$8,481,332$18,638,458
77$27,732,055$11,419,303$8,673,762$20,106,098
78$30,466,142$11,884,266$8,869,750$21,707,583
79$33,476,126$12,369,033$9,069,325$23,455,953
80$36,790,055$12,874,480$9,272,512$25,365,551
81$40,438,836$13,401,524$9,479,336$27,452,157
82$44,456,522$13,951,124$9,689,818$29,733,134
83$48,880,639$14,524,281$9,903,979$32,227,585
84$53,752,537$15,122,043$10,121,835$34,956,536
85$59,117,780$15,745,508$10,343,401$37,943,122
86$65,026,576$16,395,820$10,568,687$41,212,809
87$71,534,250$17,074,179$10,797,702$44,793,625
88$78,701,769$17,781,839$11,030,451$48,716,421
89$86,596,312$18,520,112$11,266,933$53,015,159
90$95,291,908$19,290,369$11,507,148$57,727,226
91$104,870,132$20,094,047$11,751,086$62,893,783
92$115,420,876$20,932,646$11,998,738$68,560,146
93$127,043,196$21,807,736$12,250,087$74,776,212
94$139,846,249$22,720,962$12,505,112$81,596,919
95$153,950,320$23,674,043$12,763,787$89,082,762
96$169,487,958$24,668,777$13,026,079$97,300,358
97$186,605,229$25,707,045$13,291,951$106,323,066
98$205,463,090$26,790,819$13,561,360$116,231,671
99$226,238,914$27,922,157$13,834,253$127,115,145
100$249,128,156$29,103,216$14,110,574$139,071,474