Can I retire at age 61 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$511,990$507,430$502,980$498,637$494,397$479,917
2 years$253,460$248,740$244,165$239,729$235,427$220,956
3 years$167,295$162,554$157,991$153,597$149,365$135,356
4 years$124,221$119,495$114,977$110,658$106,528$93,090
5 years$98,383$93,685$89,227$84,996$80,981$68,149
6 years$81,164$76,501$72,109$67,972$64,077$51,864
7 years$68,869$64,245$59,923$55,883$52,112$40,516
8 years$59,652$55,070$50,819$46,879$43,232$32,247
9 years$52,487$47,949$43,770$39,931$36,408$26,023
10 years$46,758$42,264$38,160$34,421$31,021$21,222
11 years$42,074$37,625$33,596$29,956$26,679$17,449
12 years$38,174$33,771$29,815$26,276$23,120$14,440
13 years$34,876$30,519$26,638$23,198$20,161$12,013
14 years$32,052$27,741$23,934$20,592$17,673$10,035
15 years$29,606$25,342$21,609$18,365$15,561$8,413
16 years$27,468$23,250$19,592$16,443$13,752$7,072
17 years$25,584$21,413$17,828$14,774$12,194$5,959
18 years$23,911$19,786$16,275$13,315$10,842$5,031
19 years$22,416$18,338$14,899$12,031$9,664$4,255
20 years$21,072$17,040$13,673$10,896$8,632$3,603
21 years$19,857$15,872$12,577$9,889$7,725$3,055
22 years$18,755$14,816$11,591$8,991$6,924$2,592
23 years$17,750$13,857$10,703$8,189$6,215$2,202
24 years$16,830$12,984$9,898$7,469$5,587$1,871
25 years$15,985$12,184$9,168$6,821$5,027$1,591
26 years$15,206$11,451$8,503$6,237$4,528$1,354
27 years$14,486$10,777$7,895$5,708$4,083$1,153
28 years$13,818$10,155$7,340$5,230$3,684$981
29 years$13,198$9,580$6,830$4,796$3,326$836
30 years$12,621$9,048$6,362$4,402$3,006$712
31 years$12,081$8,553$5,931$4,043$2,717$607
32 years$11,576$8,093$5,534$3,715$2,458$517
33 years$11,103$7,664$5,167$3,416$2,224$441
34 years$10,659$7,264$4,828$3,143$2,014$376
35 years$10,241$6,890$4,514$2,894$1,824$321
36 years$9,847$6,539$4,222$2,665$1,653$273
37 years$9,475$6,211$3,952$2,455$1,498$233
38 years$9,124$5,902$3,701$2,263$1,358$199
39 years$8,791$5,613$3,467$2,087$1,232$170
40 years$8,476$5,340$3,250$1,925$1,117$145
41 years$8,177$5,083$3,047$1,776$1,013$123
42 years$7,894$4,841$2,859$1,639$920$105
43 years$7,624$4,612$2,682$1,513$835$90
44 years$7,366$4,397$2,518$1,397$758$77
45 years$7,122$4,193$2,364$1,290$688$65
46 years$6,888$4,000$2,221$1,192$624$56
47 years$6,665$3,817$2,086$1,101$567$48
48 years$6,452$3,644$1,960$1,017$515$41
49 years$6,248$3,480$1,843$940$468$35
50 years$6,053$3,324$1,732$869$425$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,200,000, adding $3,924 every year, while hoping to spend $35,243 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: 35/42/23 Blend
60$6,200,000$6,200,000$6,200,000$6,200,000
61$6,836,448$6,507,848$6,411,748$7,027,891
62$7,496,267$6,789,234$6,589,043$7,451,159
63$8,222,207$7,083,227$6,771,096$7,904,032
64$9,020,974$7,390,407$6,958,030$8,391,967
65$9,899,959$7,711,382$7,149,970$8,918,112
66$10,867,303$8,046,789$7,347,042$9,485,918
67$11,931,980$8,397,293$7,549,380$10,099,171
68$13,103,874$8,763,593$7,757,117$10,762,024
69$14,393,879$9,146,419$7,970,390$11,479,031
70$15,813,997$9,546,536$8,189,340$12,255,193
71$17,377,453$9,964,744$8,414,111$13,095,999
72$19,098,820$10,401,883$8,644,851$14,007,473
73$20,994,156$10,858,832$8,881,709$14,996,231
74$23,081,154$11,336,509$9,124,841$16,069,542
75$25,379,313$11,835,879$9,374,404$17,235,386
76$27,910,116$12,357,950$9,630,560$18,502,533
77$30,697,237$12,903,779$9,893,473$19,880,620
78$33,766,764$13,474,473$10,163,313$21,380,235
79$37,147,442$14,071,191$10,440,253$23,013,019
80$40,870,949$14,695,146$10,724,468$24,791,765
81$44,972,189$15,347,612$11,016,141$26,730,541
82$49,489,626$16,029,918$11,315,456$28,844,812
83$54,465,645$16,743,462$11,622,601$31,151,586
84$59,946,953$17,489,703$11,937,770$33,669,568
85$65,985,017$18,270,174$12,261,160$36,419,330
86$72,636,553$19,086,477$12,592,973$39,423,502
87$79,964,059$19,940,292$12,933,416$42,706,979
88$88,036,406$20,833,379$13,282,699$46,297,150
89$96,929,488$21,767,583$13,641,036$50,224,151
90$106,726,934$22,744,833$14,008,650$54,521,141
91$117,520,905$23,767,153$14,385,763$59,224,611
92$129,412,957$24,836,664$14,772,607$64,374,721
93$142,515,004$25,955,586$15,169,414$70,015,670
94$156,950,370$27,126,245$15,576,425$76,196,106
95$172,854,957$28,351,080$15,993,885$82,969,579
96$190,378,525$29,632,645$16,422,042$90,395,037
97$209,686,106$30,973,616$16,861,152$98,537,371
98$230,959,563$32,376,798$17,311,475$107,468,025
99$254,399,305$33,845,127$17,773,275$117,265,653
100$280,226,179$35,381,684$18,246,826$128,016,858