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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$478,959$474,692$470,530$466,467$462,500$455,213
2 years$237,108$232,692$228,413$224,263$220,238$212,915
3 years$156,502$152,067$147,798$143,688$139,728$132,597
4 years$116,207$111,785$107,559$103,519$99,655$92,772
5 years$92,036$87,641$83,470$79,512$75,756$69,140
6 years$75,927$71,566$67,456$63,587$59,943$53,602
7 years$64,426$60,101$56,057$52,278$48,750$42,685
8 years$55,803$51,517$47,540$43,855$40,443$34,653
9 years$49,101$44,855$40,947$37,355$34,059$28,542
10 years$43,742$39,538$35,698$32,200$29,020$23,771
11 years$39,360$35,198$31,428$28,024$24,958$19,972
12 years$35,711$31,592$27,892$24,580$21,628$16,899
13 years$32,626$28,550$24,919$21,701$18,860$14,380
14 years$29,984$25,951$22,390$19,264$16,533$12,295
15 years$27,696$23,707$20,215$17,180$14,557$10,554
16 years$25,696$21,750$18,328$15,383$12,865$9,089
17 years$23,933$20,031$16,678$13,821$11,407$7,849
18 years$22,368$18,510$15,225$12,456$10,143$6,794
19 years$20,970$17,155$13,938$11,255$9,040$5,893
20 years$19,712$15,941$12,791$10,193$8,075$5,120
21 years$18,576$14,848$11,765$9,251$7,226$4,455
22 years$17,545$13,860$10,844$8,411$6,477$3,882
23 years$16,605$12,963$10,012$7,660$5,814$3,385
24 years$15,744$12,146$9,260$6,987$5,226$2,956
25 years$14,953$11,398$8,576$6,381$4,703$2,582
26 years$14,225$10,713$7,954$5,834$4,236$2,258
27 years$13,551$10,082$7,386$5,340$3,819$1,976
28 years$12,927$9,500$6,866$4,893$3,446$1,729
29 years$12,347$8,962$6,390$4,487$3,112$1,515
30 years$11,806$8,464$5,952$4,118$2,812$1,327
31 years$11,302$8,001$5,549$3,782$2,542$1,163
32 years$10,830$7,571$5,177$3,476$2,299$1,020
33 years$10,387$7,170$4,834$3,196$2,081$894
34 years$9,971$6,795$4,516$2,941$1,884$785
35 years$9,580$6,445$4,222$2,707$1,706$688
36 years$9,212$6,117$3,950$2,493$1,546$604
37 years$8,864$5,810$3,697$2,297$1,401$530
38 years$8,535$5,522$3,462$2,117$1,270$465
39 years$8,224$5,250$3,244$1,952$1,152$409
40 years$7,930$4,995$3,040$1,801$1,045$359
41 years$7,650$4,755$2,851$1,661$948$315
42 years$7,384$4,529$2,674$1,533$860$277
43 years$7,132$4,315$2,509$1,415$781$243
44 years$6,891$4,113$2,355$1,307$709$213
45 years$6,662$3,922$2,212$1,207$643$187
46 years$6,444$3,742$2,077$1,115$584$165
47 years$6,235$3,571$1,952$1,030$530$145
48 years$6,036$3,409$1,834$952$482$127
49 years$5,845$3,255$1,724$880$437$112
50 years$5,663$3,109$1,621$813$397$98

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 $6,659 every year, while hoping to spend $43,865 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: 60/24/16 Blend
60$5,800,000$5,800,000$5,800,000$5,800,000
61$6,398,469$6,091,069$6,001,169$6,755,970
62$7,004,441$6,342,859$6,155,536$7,249,749
63$7,670,751$6,605,517$6,313,604$7,782,694
64$8,403,509$6,879,529$6,475,451$8,363,060
65$9,209,444$7,165,403$6,641,156$8,995,440
66$10,095,971$7,463,671$6,810,798$9,684,882
67$11,071,259$7,774,890$6,984,459$10,436,942
68$12,144,310$8,099,642$7,162,221$11,257,732
69$13,325,042$8,438,536$7,344,167$12,153,976
70$14,624,381$8,792,209$7,530,382$13,133,076
71$16,054,368$9,161,328$7,720,950$14,203,173
72$17,628,271$9,546,591$7,915,959$15,373,230
73$19,360,707$9,948,726$8,115,496$16,653,111
74$21,267,784$10,368,498$8,319,650$18,053,673
75$23,367,250$10,806,706$8,528,510$19,586,867
76$25,678,661$11,264,186$8,742,166$21,265,849
77$28,223,566$11,741,813$8,960,711$23,105,104
78$31,025,710$12,240,503$9,184,235$25,120,578
79$34,111,259$12,761,214$9,412,833$27,329,827
80$37,509,042$13,304,948$9,646,598$29,752,182
81$41,250,831$13,872,757$9,885,625$32,408,931
82$45,371,631$14,465,737$10,130,009$35,323,512
83$49,910,019$15,085,041$10,379,847$38,521,737
84$54,908,503$15,731,870$10,635,234$42,032,032
85$60,413,924$16,407,485$10,896,268$45,885,702
86$66,477,898$17,113,205$11,163,046$50,117,222
87$73,157,302$17,850,410$11,435,666$54,764,566
88$80,514,813$18,620,547$11,714,227$59,869,555
89$88,619,497$19,425,127$11,998,827$65,478,253
90$97,547,463$20,265,735$12,289,565$71,641,397
91$107,382,577$21,144,029$12,586,539$78,414,876
92$118,217,260$22,061,746$12,889,847$85,860,251
93$130,153,352$23,020,704$13,199,589$94,045,333
94$143,303,080$24,022,805$13,515,862$103,044,822
95$157,790,115$25,070,042$13,838,763$112,941,008
96$173,750,736$26,164,503$14,168,391$123,824,540
97$191,335,120$27,308,373$14,504,841$135,795,281
98$210,708,758$28,503,939$14,848,209$148,963,246
99$232,054,017$29,753,598$15,198,590$163,449,637
100$255,571,861$31,059,859$15,556,077$179,387,976