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%18.2%
1 years$495,474$491,061$486,755$482,552$478,448$462,578
2 years$245,284$240,716$236,289$231,996$227,833$211,997
3 years$161,899$157,311$152,895$148,642$144,546$129,243
4 years$120,214$115,640$111,268$107,088$103,092$88,438
5 years$95,210$90,663$86,349$82,254$78,369$64,404
6 years$78,545$74,033$69,782$65,779$62,010$48,745
7 years$66,647$62,173$57,990$54,081$50,431$37,864
8 years$57,728$53,294$49,180$45,367$41,837$29,959
9 years$50,794$46,402$42,359$38,643$35,233$24,030
10 years$45,250$40,901$36,929$33,310$30,020$19,474
11 years$40,717$36,412$32,512$28,990$25,819$15,909
12 years$36,942$32,681$28,853$25,428$22,374$13,079
13 years$33,751$29,534$25,779$22,449$19,510$10,806
14 years$31,018$26,846$23,162$19,928$17,103$8,965
15 years$28,651$24,524$20,912$17,772$15,059$7,462
16 years$26,582$22,500$18,960$15,913$13,309$6,228
17 years$24,759$20,722$17,253$14,298$11,801$5,210
18 years$23,140$19,148$15,750$12,885$10,492$4,366
19 years$21,693$17,746$14,418$11,643$9,352$3,665
20 years$20,392$16,491$13,232$10,545$8,354$3,080
21 years$19,217$15,360$12,171$9,570$7,475$2,591
22 years$18,150$14,338$11,218$8,701$6,701$2,182
23 years$17,177$13,410$10,357$7,925$6,015$1,838
24 years$16,287$12,565$9,579$7,228$5,406$1,550
25 years$15,469$11,791$8,872$6,601$4,865$1,308
26 years$14,715$11,082$8,228$6,035$4,382$1,104
27 years$14,018$10,429$7,641$5,524$3,951$932
28 years$13,373$9,828$7,103$5,061$3,565$787
29 years$12,773$9,271$6,610$4,641$3,219$665
30 years$12,213$8,756$6,157$4,260$2,909$562
31 years$11,691$8,277$5,740$3,912$2,630$475
32 years$11,203$7,832$5,355$3,595$2,379$401
33 years$10,745$7,417$5,000$3,306$2,153$339
34 years$10,315$7,029$4,672$3,042$1,949$287
35 years$9,911$6,667$4,368$2,800$1,765$243
36 years$9,529$6,328$4,086$2,579$1,599$205
37 years$9,170$6,010$3,825$2,376$1,450$174
38 years$8,830$5,712$3,582$2,190$1,314$147
39 years$8,508$5,432$3,356$2,020$1,192$124
40 years$8,203$5,168$3,145$1,863$1,081$105
41 years$7,914$4,919$2,949$1,719$981$89
42 years$7,639$4,685$2,766$1,586$890$75
43 years$7,378$4,464$2,596$1,464$808$64
44 years$7,129$4,255$2,437$1,352$733$54
45 years$6,892$4,057$2,288$1,248$666$45
46 years$6,666$3,871$2,149$1,153$604$38
47 years$6,450$3,694$2,019$1,065$549$33
48 years$6,244$3,526$1,897$985$498$28
49 years$6,047$3,367$1,783$910$453$23
50 years$5,858$3,217$1,677$841$411$20

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 $5,873 every year, while hoping to spend $26,851 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: 40/46/14 Blend
60$6,000,000$6,000,000$6,000,000$6,000,000
61$6,618,058$6,300,058$6,207,058$6,854,957
62$7,264,531$6,580,192$6,386,425$7,303,406
63$7,976,044$6,873,152$6,570,901$7,785,159
64$8,759,203$7,179,539$6,760,629$8,305,734
65$9,621,286$7,499,981$6,955,755$8,868,665
66$10,570,315$7,835,138$7,156,430$9,477,826
67$11,615,125$8,185,698$7,362,809$10,137,468
68$12,765,456$8,552,385$7,575,051$10,852,256
69$14,032,036$8,935,955$7,793,319$11,627,307
70$15,426,689$9,337,203$8,017,780$12,468,242
71$16,962,444$9,756,958$8,248,608$13,381,228
72$18,653,655$10,196,091$8,485,979$14,373,040
73$20,516,144$10,655,515$8,730,075$15,451,117
74$22,567,340$11,136,185$8,981,082$16,623,630
75$24,826,452$11,639,101$9,239,192$17,899,560
76$27,314,647$12,165,314$9,504,602$19,288,769
77$30,055,249$12,715,923$9,777,514$20,802,098
78$33,073,959$13,292,077$10,058,135$22,451,464
79$36,399,100$13,894,986$10,346,679$24,249,964
80$40,061,880$14,525,912$10,643,365$26,211,995
81$44,096,691$15,186,181$10,948,417$28,353,391
82$48,541,430$15,877,181$11,262,066$30,691,559
83$53,437,859$16,600,366$11,584,548$33,245,645
84$58,831,999$17,357,261$11,916,108$36,036,705
85$64,774,559$18,149,464$12,256,995$39,087,899
86$71,321,425$18,978,648$12,607,464$42,424,706
87$78,534,176$19,846,568$12,967,780$46,075,156
88$86,480,674$20,755,062$13,338,213$50,070,088
89$95,235,699$21,706,056$13,719,039$54,443,435
90$104,881,658$22,701,570$14,110,544$59,232,537
91$115,509,359$23,743,720$14,513,020$64,478,487
92$127,218,874$24,834,722$14,926,767$70,226,509
93$140,120,478$25,976,902$15,352,092$76,526,379
94$154,335,692$27,172,695$15,789,312$83,432,884
95$169,998,429$28,424,654$16,238,751$91,006,334
96$187,256,262$29,735,455$16,700,742$99,313,116
97$206,271,810$31,107,902$17,175,626$108,426,317
98$227,224,279$32,544,934$17,663,754$118,426,399
99$250,311,152$34,049,632$18,165,486$129,401,952
100$275,750,051$35,625,225$18,681,191$141,450,516