Can I retire at age 61 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$503,732$499,245$494,868$490,595$486,423$479,748
2 years$249,372$244,728$240,227$235,863$231,630$224,917
3 years$164,597$159,933$155,443$151,120$146,955$140,413
4 years$122,217$117,567$113,123$108,873$104,810$98,488
5 years$96,796$92,174$87,788$83,625$79,675$73,593
6 years$79,855$75,267$70,946$66,876$63,044$57,208
7 years$67,758$63,209$58,956$54,982$51,272$45,685
8 years$58,690$54,182$49,999$46,123$42,535$37,196
9 years$51,640$47,175$43,064$39,287$35,820$30,727
10 years$46,004$41,583$37,545$33,866$30,521$25,669
11 years$41,396$37,019$33,054$29,473$26,249$21,634
12 years$37,558$33,226$29,334$25,852$22,747$18,363
13 years$34,313$30,026$26,208$22,823$19,836$15,678
14 years$31,535$27,293$23,548$20,260$17,388$13,450
15 years$29,129$24,933$21,261$18,068$15,310$11,584
16 years$27,025$22,875$19,276$16,178$13,531$10,011
17 years$25,171$21,067$17,540$14,536$11,997$8,676
18 years$23,525$19,467$16,012$13,100$10,667$7,537
19 years$22,054$18,042$14,658$11,837$9,508$6,562
20 years$20,732$16,766$13,453$10,721$8,493$5,722
21 years$19,537$15,616$12,374$9,730$7,600$4,998
22 years$18,452$14,577$11,405$8,846$6,812$4,371
23 years$17,463$13,634$10,530$8,057$6,115$3,827
24 years$16,558$12,774$9,739$7,348$5,496$3,354
25 years$15,727$11,988$9,020$6,711$4,946$2,942
26 years$14,960$11,267$8,365$6,136$4,455$2,583
27 years$14,252$10,603$7,768$5,616$4,017$2,269
28 years$13,596$9,991$7,221$5,146$3,624$1,994
29 years$12,985$9,426$6,720$4,719$3,273$1,754
30 years$12,417$8,902$6,260$4,331$2,957$1,543
31 years$11,886$8,415$5,836$3,977$2,673$1,358
32 years$11,390$7,962$5,445$3,655$2,418$1,196
33 years$10,924$7,540$5,084$3,361$2,189$1,053
34 years$10,487$7,147$4,750$3,093$1,982$928
35 years$10,076$6,778$4,441$2,847$1,795$817
36 years$9,688$6,434$4,154$2,622$1,626$720
37 years$9,322$6,111$3,888$2,416$1,474$635
38 years$8,977$5,807$3,641$2,227$1,336$560
39 years$8,650$5,522$3,412$2,053$1,212$493
40 years$8,340$5,254$3,198$1,894$1,099$435
41 years$8,046$5,001$2,998$1,747$997$384
42 years$7,766$4,763$2,813$1,613$905$338
43 years$7,501$4,538$2,639$1,489$821$299
44 years$7,248$4,326$2,477$1,374$745$263
45 years$7,007$4,125$2,326$1,269$677$232
46 years$6,777$3,935$2,185$1,172$614$205
47 years$6,558$3,755$2,053$1,083$558$181
48 years$6,348$3,585$1,929$1,001$507$160
49 years$6,148$3,423$1,813$925$460$141
50 years$5,956$3,270$1,704$855$418$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,100,000, adding $5,841 every year, while hoping to spend $26,786 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: 64/12/24 Blend
60$6,100,000$6,100,000$6,100,000$6,100,000
61$6,728,225$6,404,925$6,310,375$7,116,283
62$7,386,004$6,690,266$6,493,272$7,664,220
63$8,109,978$6,988,691$6,681,399$8,259,125
64$8,906,872$7,300,813$6,874,902$8,908,518
65$9,784,094$7,627,274$7,073,932$9,617,743
66$10,749,807$7,968,746$7,278,645$10,392,680
67$11,813,007$8,325,934$7,489,199$11,239,803
68$12,983,605$8,699,576$7,705,758$12,166,234
69$14,272,522$9,090,445$7,928,490$13,179,817
70$15,691,793$9,499,351$8,157,569$14,289,183
71$17,254,680$9,927,142$8,393,171$15,503,835
72$18,975,794$10,374,709$8,635,479$16,834,239
73$20,871,238$10,842,982$8,884,680$18,291,912
74$22,958,754$11,332,938$9,140,967$19,889,541
75$25,257,894$11,845,600$9,404,536$21,641,091
76$27,790,203$12,382,038$9,675,592$23,561,944
77$30,579,422$12,943,376$9,954,342$25,669,036
78$33,651,711$13,530,789$10,241,001$27,981,020
79$37,035,899$14,145,512$10,535,789$30,518,437
80$40,763,754$14,788,835$10,838,930$33,303,912
81$44,870,280$15,462,111$11,150,658$36,362,360
82$49,394,054$16,166,760$11,471,211$39,721,227
83$54,377,584$16,904,268$11,800,832$43,410,740
84$59,867,712$17,676,191$12,139,775$47,464,194
85$65,916,057$18,484,163$12,488,295$51,918,266
86$72,579,500$19,329,893$12,846,659$56,813,354
87$79,920,726$20,215,173$13,215,138$62,193,959
88$88,008,806$21,141,884$13,594,012$68,109,106
89$96,919,861$22,111,992$13,983,568$74,612,796
90$106,737,769$23,127,562$14,384,099$81,764,522
91$117,554,964$24,190,755$14,795,909$89,629,823
92$129,473,306$25,303,838$15,219,308$98,280,901
93$142,605,042$26,469,185$15,654,614$107,797,299
94$157,073,868$27,689,287$16,102,155$118,266,653
95$173,016,092$28,966,751$16,562,267$129,785,510
96$190,581,925$30,304,313$17,035,294$142,460,240
97$209,936,895$31,704,839$17,521,590$156,408,037
98$231,263,414$33,171,332$18,021,520$171,758,020
99$254,762,497$34,706,941$18,535,455$188,652,449
100$280,655,657$36,314,967$19,063,778$207,248,065