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%15.2%
1 years$478,959$474,692$470,530$466,467$462,500$452,607
2 years$237,108$232,692$228,413$224,263$220,238$210,319
3 years$156,502$152,067$147,798$143,688$139,728$130,093
4 years$116,207$111,785$107,559$103,519$99,655$90,378
5 years$92,036$87,641$83,470$79,512$75,756$66,863
6 years$75,927$71,566$67,456$63,587$59,943$51,444
7 years$64,426$60,101$56,057$52,278$48,750$40,646
8 years$55,803$51,517$47,540$43,855$40,443$32,731
9 years$49,101$44,855$40,947$37,355$34,059$26,734
10 years$43,742$39,538$35,698$32,200$29,020$22,075
11 years$39,360$35,198$31,428$28,024$24,958$18,384
12 years$35,711$31,592$27,892$24,580$21,628$15,415
13 years$32,626$28,550$24,919$21,701$18,860$12,997
14 years$29,984$25,951$22,390$19,264$16,533$11,007
15 years$27,696$23,707$20,215$17,180$14,557$9,358
16 years$25,696$21,750$18,328$15,383$12,865$7,980
17 years$23,933$20,031$16,678$13,821$11,407$6,822
18 years$22,368$18,510$15,225$12,456$10,143$5,846
19 years$20,970$17,155$13,938$11,255$9,040$5,018
20 years$19,712$15,941$12,791$10,193$8,075$4,315
21 years$18,576$14,848$11,765$9,251$7,226$3,715
22 years$17,545$13,860$10,844$8,411$6,477$3,202
23 years$16,605$12,963$10,012$7,660$5,814$2,762
24 years$15,744$12,146$9,260$6,987$5,226$2,385
25 years$14,953$11,398$8,576$6,381$4,703$2,061
26 years$14,225$10,713$7,954$5,834$4,236$1,782
27 years$13,551$10,082$7,386$5,340$3,819$1,542
28 years$12,927$9,500$6,866$4,893$3,446$1,334
29 years$12,347$8,962$6,390$4,487$3,112$1,155
30 years$11,806$8,464$5,952$4,118$2,812$1,001
31 years$11,302$8,001$5,549$3,782$2,542$867
32 years$10,830$7,571$5,177$3,476$2,299$751
33 years$10,387$7,170$4,834$3,196$2,081$651
34 years$9,971$6,795$4,516$2,941$1,884$565
35 years$9,580$6,445$4,222$2,707$1,706$490
36 years$9,212$6,117$3,950$2,493$1,546$425
37 years$8,864$5,810$3,697$2,297$1,401$368
38 years$8,535$5,522$3,462$2,117$1,270$319
39 years$8,224$5,250$3,244$1,952$1,152$277
40 years$7,930$4,995$3,040$1,801$1,045$240
41 years$7,650$4,755$2,851$1,661$948$209
42 years$7,384$4,529$2,674$1,533$860$181
43 years$7,132$4,315$2,509$1,415$781$157
44 years$6,891$4,113$2,355$1,307$709$136
45 years$6,662$3,922$2,212$1,207$643$118
46 years$6,444$3,742$2,077$1,115$584$103
47 years$6,235$3,571$1,952$1,030$530$89
48 years$6,036$3,409$1,834$952$482$77
49 years$5,845$3,255$1,724$880$437$67
50 years$5,663$3,109$1,621$813$397$58

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 $2,134 every year, while hoping to spend $23,511 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: 54/38/8 Blend
60$5,800,000$5,800,000$5,800,000$5,800,000
61$6,393,801$6,086,401$5,996,501$6,726,607
62$7,020,953$6,359,619$6,172,368$7,225,343
63$7,711,287$6,645,437$6,353,339$7,765,102
64$8,471,222$6,944,447$6,539,560$8,351,974
65$9,307,832$7,257,270$6,731,180$8,990,429
66$10,228,911$7,584,557$6,928,355$9,685,376
67$11,243,049$7,926,989$7,131,244$10,442,212
68$12,359,708$8,285,280$7,340,009$11,266,866
69$13,589,317$8,660,177$7,554,818$12,165,857
70$14,943,367$9,052,466$7,775,844$13,146,349
71$16,434,521$9,462,967$8,003,265$14,216,219
72$18,076,731$9,892,541$8,237,263$15,384,128
73$19,885,371$10,342,089$8,478,025$16,659,601
74$21,877,384$10,812,557$8,725,745$18,053,112
75$24,071,440$11,304,935$8,980,619$19,576,183
76$26,488,110$11,820,259$9,242,853$21,241,485
77$29,150,064$12,359,619$9,512,655$23,062,960
78$32,082,282$12,924,152$9,790,241$25,055,945
79$35,312,292$13,515,053$10,075,831$27,237,316
80$38,870,428$14,133,573$10,369,654$29,625,641
81$42,790,117$14,781,023$10,671,943$32,241,355
82$47,108,194$15,458,778$10,982,938$35,106,944
83$51,865,250$16,168,278$11,302,886$38,247,159
84$57,106,013$16,911,032$11,632,041$41,689,239
85$62,879,776$17,688,622$11,970,664$45,463,169
86$69,240,854$18,502,705$12,319,022$49,601,955
87$76,249,104$19,355,020$12,677,392$54,141,930
88$83,970,484$20,247,388$13,046,056$59,123,097
89$92,477,680$21,181,716$13,425,305$64,589,492
90$101,850,789$22,160,006$13,815,439$70,589,603
91$112,178,078$23,184,355$14,216,764$77,176,817
92$123,556,813$24,256,959$14,629,597$84,409,917
93$136,094,181$25,380,123$15,054,262$92,353,634
94$149,908,300$26,556,262$15,491,092$101,079,246
95$165,129,333$27,787,905$15,940,430$110,665,250
96$181,900,718$29,077,706$16,402,628$121,198,088
97$200,380,523$30,428,445$16,878,047$132,772,963
98$220,742,935$31,843,037$17,367,060$145,494,721
99$243,179,906$33,324,538$17,870,049$159,478,841
100$267,902,966$34,876,150$18,387,405$174,852,507