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%14.1%
1 years$478,959$474,692$470,530$466,467$462,500$454,651
2 years$237,108$232,692$228,413$224,263$220,238$212,355
3 years$156,502$152,067$147,798$143,688$139,728$132,055
4 years$116,207$111,785$107,559$103,519$99,655$92,253
5 years$92,036$87,641$83,470$79,512$75,756$68,645
6 years$75,927$71,566$67,456$63,587$59,943$53,131
7 years$64,426$60,101$56,057$52,278$48,750$42,240
8 years$55,803$51,517$47,540$43,855$40,443$34,232
9 years$49,101$44,855$40,947$37,355$34,059$28,145
10 years$43,742$39,538$35,698$32,200$29,020$23,397
11 years$39,360$35,198$31,428$28,024$24,958$19,621
12 years$35,711$31,592$27,892$24,580$21,628$16,570
13 years$32,626$28,550$24,919$21,701$18,860$14,073
14 years$29,984$25,951$22,390$19,264$16,533$12,008
15 years$27,696$23,707$20,215$17,180$14,557$10,286
16 years$25,696$21,750$18,328$15,383$12,865$8,839
17 years$23,933$20,031$16,678$13,821$11,407$7,617
18 years$22,368$18,510$15,225$12,456$10,143$6,579
19 years$20,970$17,155$13,938$11,255$9,040$5,694
20 years$19,712$15,941$12,791$10,193$8,075$4,936
21 years$18,576$14,848$11,765$9,251$7,226$4,286
22 years$17,545$13,860$10,844$8,411$6,477$3,725
23 years$16,605$12,963$10,012$7,660$5,814$3,242
24 years$15,744$12,146$9,260$6,987$5,226$2,823
25 years$14,953$11,398$8,576$6,381$4,703$2,461
26 years$14,225$10,713$7,954$5,834$4,236$2,147
27 years$13,551$10,082$7,386$5,340$3,819$1,874
28 years$12,927$9,500$6,866$4,893$3,446$1,636
29 years$12,347$8,962$6,390$4,487$3,112$1,430
30 years$11,806$8,464$5,952$4,118$2,812$1,249
31 years$11,302$8,001$5,549$3,782$2,542$1,092
32 years$10,830$7,571$5,177$3,476$2,299$955
33 years$10,387$7,170$4,834$3,196$2,081$836
34 years$9,971$6,795$4,516$2,941$1,884$731
35 years$9,580$6,445$4,222$2,707$1,706$640
36 years$9,212$6,117$3,950$2,493$1,546$560
37 years$8,864$5,810$3,697$2,297$1,401$490
38 years$8,535$5,522$3,462$2,117$1,270$429
39 years$8,224$5,250$3,244$1,952$1,152$376
40 years$7,930$4,995$3,040$1,801$1,045$329
41 years$7,650$4,755$2,851$1,661$948$288
42 years$7,384$4,529$2,674$1,533$860$253
43 years$7,132$4,315$2,509$1,415$781$221
44 years$6,891$4,113$2,355$1,307$709$194
45 years$6,662$3,922$2,212$1,207$643$170
46 years$6,444$3,742$2,077$1,115$584$149
47 years$6,235$3,571$1,952$1,030$530$130
48 years$6,036$3,409$1,834$952$482$114
49 years$5,845$3,255$1,724$880$437$100
50 years$5,663$3,109$1,621$813$397$88

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 $3,485 every year, while hoping to spend $43,795 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: 72/20/8 Blend
60$5,800,000$5,800,000$5,800,000$5,800,000
61$6,395,195$6,087,795$5,997,895$6,847,020
62$7,000,907$6,339,499$6,152,227$7,397,496
63$7,666,934$6,602,069$6,310,261$7,994,229
64$8,399,382$6,875,991$6,472,075$8,646,360
65$9,204,978$7,161,774$6,637,749$9,359,341
66$10,091,134$7,459,948$6,807,361$10,139,171
67$11,066,015$7,771,072$6,980,994$10,992,454
68$12,138,621$8,095,727$7,158,729$11,926,457
69$13,318,865$8,434,522$7,340,651$12,949,182
70$14,617,669$8,788,093$7,526,843$14,069,436
71$16,047,071$9,157,109$7,717,392$15,296,916
72$17,620,331$9,542,266$7,912,383$16,642,298
73$19,352,062$9,944,295$8,111,905$18,117,337
74$21,258,365$10,363,958$8,316,047$19,734,975
75$23,356,981$10,802,055$8,524,897$21,509,464
76$25,667,459$11,259,422$8,738,548$23,456,499
77$28,211,341$11,736,934$8,957,089$25,593,362
78$31,012,360$12,235,507$9,180,615$27,939,086
79$34,096,673$12,756,099$9,409,218$30,514,631
80$37,493,099$13,299,713$9,642,992$33,343,084
81$41,233,396$13,867,399$9,882,032$36,449,870
82$45,352,556$14,460,256$10,126,435$39,862,992
83$49,889,142$15,079,433$10,376,295$43,613,297
84$54,885,644$15,726,135$10,631,710$47,734,759
85$60,388,885$16,401,621$10,892,778$52,264,802
86$66,450,461$17,107,211$11,159,596$57,244,650
87$73,127,229$17,844,284$11,432,263$62,719,712
88$80,481,839$18,614,287$11,710,877$68,740,010
89$88,583,332$19,418,733$11,995,537$75,360,650
90$97,507,786$20,259,205$12,286,341$82,642,335
91$107,339,037$21,137,363$12,583,390$90,651,940
92$118,169,467$22,054,942$12,886,782$99,463,139
93$130,100,879$23,013,760$13,196,616$109,157,096
94$143,245,456$24,015,722$13,512,990$119,823,228
95$157,726,820$25,062,820$13,836,003$131,560,050
96$173,681,199$26,157,141$14,165,752$144,476,095
97$191,258,711$27,300,870$14,502,334$158,690,941
98$210,624,782$28,496,297$14,845,846$174,336,333
99$231,961,711$29,745,816$15,196,382$191,557,422
100$255,470,382$31,051,937$15,554,037$210,514,134