Can I retire at age 61 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$487,216$482,877$478,642$474,510$470,474$457,801
2 years$241,196$236,704$232,351$228,130$224,035$211,358
3 years$159,200$154,689$150,346$146,165$142,137$129,852
4 years$118,210$113,713$109,414$105,304$101,373$89,575
5 years$93,623$89,152$84,909$80,883$77,063$65,784
6 years$77,236$72,799$68,619$64,683$60,977$50,228
7 years$65,536$61,137$57,023$53,179$49,591$39,373
8 years$56,765$52,406$48,360$44,611$41,140$31,448
9 years$49,947$45,628$41,653$37,999$34,646$25,470
10 years$44,496$40,219$36,314$32,755$29,520$20,849
11 years$40,038$35,805$31,970$28,507$25,388$17,209
12 years$36,327$32,136$28,373$25,004$22,001$14,298
13 years$33,188$29,042$25,349$22,075$19,185$11,942
14 years$30,501$26,398$22,776$19,596$16,818$10,018
15 years$28,174$24,115$20,564$17,476$14,808$8,434
16 years$26,139$22,125$18,644$15,648$13,087$7,120
17 years$24,346$20,377$16,965$14,059$11,604$6,026
18 years$22,754$18,829$15,487$12,670$10,318$5,111
19 years$21,331$17,450$14,178$11,449$9,196$4,342
20 years$20,052$16,216$13,012$10,369$8,214$3,693
21 years$18,897$15,104$11,968$9,411$7,351$3,146
22 years$17,847$14,099$11,031$8,556$6,589$2,682
23 years$16,891$13,187$10,185$7,792$5,915$2,289
24 years$16,015$12,355$9,419$7,107$5,316$1,955
25 years$15,211$11,595$8,724$6,491$4,784$1,670
26 years$14,470$10,897$8,091$5,935$4,309$1,428
27 years$13,785$10,256$7,513$5,432$3,885$1,221
28 years$13,150$9,664$6,985$4,977$3,506$1,045
29 years$12,560$9,117$6,500$4,564$3,165$895
30 years$12,010$8,610$6,054$4,189$2,860$766
31 years$11,497$8,139$5,644$3,847$2,586$656
32 years$11,016$7,701$5,266$3,535$2,339$562
33 years$10,566$7,293$4,917$3,251$2,117$481
34 years$10,143$6,912$4,594$2,991$1,917$412
35 years$9,745$6,556$4,295$2,754$1,736$353
36 years$9,371$6,223$4,018$2,536$1,573$303
37 years$9,017$5,910$3,761$2,337$1,426$260
38 years$8,682$5,617$3,522$2,154$1,292$223
39 years$8,366$5,341$3,300$1,986$1,172$191
40 years$8,066$5,082$3,093$1,832$1,063$164
41 years$7,782$4,837$2,900$1,690$964$140
42 years$7,512$4,607$2,720$1,560$875$120
43 years$7,255$4,389$2,553$1,440$794$103
44 years$7,010$4,184$2,396$1,329$721$88
45 years$6,777$3,990$2,250$1,228$654$76
46 years$6,555$3,806$2,113$1,134$594$65
47 years$6,343$3,632$1,985$1,048$540$56
48 years$6,140$3,467$1,866$968$490$48
49 years$5,946$3,311$1,754$895$445$41
50 years$5,760$3,163$1,649$827$404$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,900,000, adding $4,043 every year, while hoping to spend $50,263 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: 55/18/27 Blend
60$5,900,000$5,900,000$5,900,000$5,900,000
61$6,505,970$6,193,270$6,101,820$6,815,056
62$7,116,100$6,443,261$6,252,752$7,278,439
63$7,786,778$6,703,817$6,407,055$7,777,318
64$8,524,128$6,975,402$6,564,790$8,319,650
65$9,334,895$7,258,503$6,726,016$8,909,633
66$10,226,511$7,553,626$6,890,795$9,551,884
67$11,207,165$7,861,304$7,059,186$10,251,484
68$12,285,878$8,182,091$7,231,252$11,014,023
69$13,472,592$8,516,567$7,407,052$11,845,651
70$14,778,257$8,865,339$7,586,649$12,753,141
71$16,214,940$9,229,042$7,770,103$13,743,941
72$17,795,939$9,608,340$7,957,476$14,826,253
73$19,535,902$10,003,926$8,148,829$16,009,105
74$21,450,972$10,416,526$8,344,223$17,302,435
75$23,558,934$10,846,900$8,543,718$18,717,183
76$25,879,388$11,295,840$8,747,375$20,265,395
77$28,433,928$11,764,178$8,955,254$21,960,333
78$31,246,348$12,252,783$9,167,415$23,816,600
79$34,342,868$12,762,562$9,383,915$25,850,276
80$37,752,379$13,294,466$9,604,815$28,079,067
81$41,506,716$13,849,489$9,830,171$30,522,472
82$45,640,959$14,428,671$10,060,039$33,201,966
83$50,193,762$15,033,101$10,294,476$36,141,198
84$55,207,720$15,663,918$10,533,535$39,366,216
85$60,729,768$16,322,311$10,777,269$42,905,707
86$66,811,628$17,009,527$11,025,731$46,791,269
87$73,510,291$17,726,871$11,278,970$51,057,705
88$80,888,560$18,475,707$11,537,035$55,743,351
89$89,015,640$19,257,463$11,799,972$60,890,435
90$97,967,789$20,073,633$12,067,825$66,545,473
91$107,829,043$20,925,781$12,340,637$72,759,706
92$118,692,004$21,815,543$12,618,447$79,589,579
93$130,658,716$22,744,631$12,901,292$87,097,276
94$143,841,627$23,714,840$13,189,207$95,351,300
95$158,364,649$24,728,043$13,482,222$104,427,117
96$174,364,332$25,786,206$13,780,365$114,407,869
97$191,991,146$26,891,383$14,083,660$125,385,152
98$211,410,908$28,045,726$14,392,128$137,459,878
99$232,806,341$29,251,486$14,705,784$150,743,226
100$256,378,801$30,511,022$15,024,640$165,357,687