Can I retire at age 61 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$495,474$491,061$486,755$482,552$478,448$471,493
2 years$245,284$240,716$236,289$231,996$227,833$220,840
3 years$161,899$157,311$152,895$148,642$144,546$137,734
4 years$120,214$115,640$111,268$107,088$103,092$96,511
5 years$95,210$90,663$86,349$82,254$78,369$72,040
6 years$78,545$74,033$69,782$65,779$62,010$55,941
7 years$66,647$62,173$57,990$54,081$50,431$44,622
8 years$57,728$53,294$49,180$45,367$41,837$36,289
9 years$50,794$46,402$42,359$38,643$35,233$29,942
10 years$45,250$40,901$36,929$33,310$30,020$24,983
11 years$40,717$36,412$32,512$28,990$25,819$21,030
12 years$36,942$32,681$28,853$25,428$22,374$17,828
13 years$33,751$29,534$25,779$22,449$19,510$15,201
14 years$31,018$26,846$23,162$19,928$17,103$13,023
15 years$28,651$24,524$20,912$17,772$15,059$11,201
16 years$26,582$22,500$18,960$15,913$13,309$9,667
17 years$24,759$20,722$17,253$14,298$11,801$8,366
18 years$23,140$19,148$15,750$12,885$10,492$7,257
19 years$21,693$17,746$14,418$11,643$9,352$6,309
20 years$20,392$16,491$13,232$10,545$8,354$5,493
21 years$19,217$15,360$12,171$9,570$7,475$4,791
22 years$18,150$14,338$11,218$8,701$6,701$4,184
23 years$17,177$13,410$10,357$7,925$6,015$3,657
24 years$16,287$12,565$9,579$7,228$5,406$3,200
25 years$15,469$11,791$8,872$6,601$4,865$2,803
26 years$14,715$11,082$8,228$6,035$4,382$2,457
27 years$14,018$10,429$7,641$5,524$3,951$2,155
28 years$13,373$9,828$7,103$5,061$3,565$1,891
29 years$12,773$9,271$6,610$4,641$3,219$1,660
30 years$12,213$8,756$6,157$4,260$2,909$1,458
31 years$11,691$8,277$5,740$3,912$2,630$1,281
32 years$11,203$7,832$5,355$3,595$2,379$1,126
33 years$10,745$7,417$5,000$3,306$2,153$990
34 years$10,315$7,029$4,672$3,042$1,949$871
35 years$9,911$6,667$4,368$2,800$1,765$766
36 years$9,529$6,328$4,086$2,579$1,599$674
37 years$9,170$6,010$3,825$2,376$1,450$593
38 years$8,830$5,712$3,582$2,190$1,314$522
39 years$8,508$5,432$3,356$2,020$1,192$459
40 years$8,203$5,168$3,145$1,863$1,081$404
41 years$7,914$4,919$2,949$1,719$981$356
42 years$7,639$4,685$2,766$1,586$890$313
43 years$7,378$4,464$2,596$1,464$808$276
44 years$7,129$4,255$2,437$1,352$733$243
45 years$6,892$4,057$2,288$1,248$666$214
46 years$6,666$3,871$2,149$1,153$604$188
47 years$6,450$3,694$2,019$1,065$549$166
48 years$6,244$3,526$1,897$985$498$146
49 years$6,047$3,367$1,783$910$453$129
50 years$5,858$3,217$1,677$841$411$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,000,000, adding $6,189 every year, while hoping to spend $28,962 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: 54/16/30 Blend
60$6,000,000$6,000,000$6,000,000$6,000,000
61$6,618,384$6,300,384$6,207,384$6,920,058
62$7,262,644$6,578,287$6,384,516$7,407,722
63$7,971,647$6,868,837$6,566,611$7,934,931
64$8,751,968$7,172,623$6,753,805$8,508,384
65$9,610,849$7,490,262$6,946,238$9,132,538
66$10,556,270$7,822,399$7,144,051$9,812,295
67$11,597,025$8,169,712$7,347,393$10,553,047
68$12,742,804$8,532,910$7,556,413$11,360,726
69$14,004,283$8,912,736$7,771,265$12,241,857
70$15,393,227$9,309,967$7,992,110$13,203,622
71$16,922,599$9,725,418$8,219,108$14,253,921
72$18,606,684$10,159,943$8,452,428$15,401,452
73$20,461,221$10,614,437$8,692,241$16,655,783
74$22,503,557$11,089,835$8,938,721$18,027,447
75$24,752,802$11,587,119$9,192,051$19,528,040
76$27,230,017$12,107,318$9,452,414$21,170,323
77$29,958,410$12,651,507$9,720,001$22,968,347
78$32,963,553$13,220,817$9,995,007$24,937,578
79$36,273,627$13,816,428$10,277,631$27,095,048
80$39,919,684$14,439,580$10,568,078$29,459,507
81$43,935,942$15,091,569$10,866,559$32,051,599
82$48,360,108$15,773,756$11,173,289$34,894,060
83$53,233,734$16,487,566$11,488,489$38,011,923
84$58,602,609$17,234,490$11,812,388$41,432,757
85$64,517,188$18,016,094$12,145,216$45,186,923
86$71,033,074$18,834,014$12,487,213$49,307,856
87$78,211,536$19,689,970$12,838,623$53,832,383
88$86,120,094$20,585,760$13,199,698$58,801,062
89$94,833,151$21,523,269$13,570,696$64,258,566
90$104,432,697$22,504,474$13,951,878$70,254,099
91$115,009,084$23,531,445$14,343,518$76,841,858
92$126,661,875$24,606,351$14,745,891$84,081,544
93$139,500,791$25,731,466$15,159,282$92,038,916
94$153,646,737$26,909,173$15,583,983$100,786,416
95$169,232,950$28,141,969$16,020,293$110,403,842
96$186,406,257$29,432,471$16,468,519$120,979,100
97$205,328,454$30,783,421$16,928,973$132,609,032
98$226,177,841$32,197,693$17,401,978$145,400,321
99$249,150,901$33,678,301$17,887,865$159,470,501
100$274,464,155$35,228,400$18,386,971$174,949,051