Can I retire at age 61 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$520,248$515,614$511,093$506,680$502,371$486,484
2 years$257,549$252,752$248,103$243,596$239,224$223,363
3 years$169,994$165,176$160,539$156,074$151,774$136,435
4 years$126,225$121,422$116,831$112,443$108,246$93,548
5 years$99,970$95,196$90,666$86,367$82,287$68,269
6 years$82,473$77,735$73,272$69,068$65,111$51,784
7 years$69,980$65,282$60,889$56,785$52,953$40,316
8 years$60,614$55,958$51,639$47,635$43,929$31,975
9 years$53,333$48,722$44,476$40,575$36,995$25,709
10 years$47,512$42,946$38,776$34,976$31,521$20,887
11 years$42,753$38,232$34,137$30,439$27,110$17,108
12 years$38,789$34,315$30,296$26,700$23,493$14,102
13 years$35,438$31,011$27,068$23,572$20,486$11,683
14 years$32,569$28,188$24,320$20,924$17,958$9,720
15 years$30,084$25,750$21,958$18,661$15,812$8,113
16 years$27,911$23,625$19,908$16,709$13,974$6,791
17 years$25,997$21,758$18,116$15,013$12,391$5,698
18 years$24,297$20,106$16,537$13,529$11,017$4,789
19 years$22,777$18,634$15,139$12,225$9,820$4,032
20 years$21,412$17,315$13,894$11,072$8,771$3,399
21 years$20,178$16,128$12,780$10,049$7,849$2,868
22 years$19,057$15,055$11,778$9,136$7,036$2,423
23 years$18,036$14,081$10,875$8,321$6,316$2,048
24 years$17,101$13,193$10,058$7,589$5,677$1,732
25 years$16,242$12,381$9,316$6,931$5,108$1,466
26 years$15,451$11,636$8,640$6,337$4,601$1,241
27 years$14,719$10,951$8,023$5,801$4,148$1,051
28 years$14,041$10,319$7,458$5,315$3,743$891
29 years$13,411$9,735$6,940$4,874$3,380$755
30 years$12,824$9,193$6,465$4,473$3,054$640
31 years$12,276$8,691$6,027$4,108$2,761$543
32 years$11,763$8,223$5,623$3,775$2,498$460
33 years$11,282$7,788$5,250$3,472$2,260$391
34 years$10,831$7,381$4,906$3,194$2,047$331
35 years$10,406$7,001$4,586$2,940$1,854$281
36 years$10,006$6,645$4,291$2,708$1,679$238
37 years$9,628$6,311$4,016$2,495$1,522$202
38 years$9,271$5,998$3,761$2,300$1,380$172
39 years$8,933$5,703$3,523$2,121$1,251$146
40 years$8,613$5,426$3,302$1,956$1,135$124
41 years$8,309$5,165$3,097$1,805$1,030$105
42 years$8,021$4,919$2,905$1,665$934$89
43 years$7,746$4,687$2,726$1,537$848$76
44 years$7,485$4,468$2,559$1,419$770$64
45 years$7,236$4,260$2,402$1,311$699$54
46 years$6,999$4,064$2,256$1,211$634$46
47 years$6,773$3,878$2,120$1,119$576$39
48 years$6,556$3,702$1,992$1,034$523$33
49 years$6,349$3,536$1,872$955$475$28
50 years$6,151$3,377$1,760$883$432$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,300,000, adding $2,757 every year, while hoping to spend $36,637 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: 50/25/25 Blend
60$6,300,000$6,300,000$6,300,000$6,300,000
61$6,945,444$6,611,544$6,513,894$7,243,641
62$7,614,898$6,896,528$6,693,128$7,736,552
63$8,351,408$7,194,248$6,877,138$8,268,078
64$9,161,775$7,505,291$7,066,046$8,845,061
65$10,053,494$7,830,267$7,259,976$9,471,824
66$11,034,820$8,169,820$7,459,055$10,153,116
67$12,114,852$8,524,621$7,663,414$10,894,160
68$13,303,612$8,895,374$7,873,184$11,700,699
69$14,612,148$9,282,814$8,088,502$12,579,047
70$16,052,628$9,687,713$8,309,508$13,536,148
71$17,638,463$10,110,878$8,536,344$14,579,640
72$19,384,431$10,553,155$8,769,156$15,717,924
73$21,306,813$11,015,430$9,008,093$16,960,243
74$23,423,550$11,498,629$9,253,306$18,316,765
75$25,754,413$12,003,722$9,504,953$19,798,679
76$28,321,187$12,531,728$9,763,192$21,418,295
77$31,147,876$13,083,711$10,028,187$23,189,162
78$34,260,932$13,660,785$10,300,104$25,126,190
79$37,689,503$14,264,119$10,579,113$27,245,790
80$41,465,707$14,894,937$10,865,389$29,566,026
81$45,624,939$15,554,518$11,159,109$32,106,781
82$50,206,198$16,244,205$11,460,455$34,889,945
83$55,252,463$16,965,404$11,769,613$37,939,613
84$60,811,092$17,719,586$12,086,772$41,282,317
85$66,934,271$18,508,294$12,412,127$44,947,265
86$73,679,509$19,333,142$12,745,875$48,966,619
87$81,110,176$20,195,824$13,088,220$53,375,793
88$89,296,105$21,098,110$13,439,366$58,213,783
89$98,314,249$22,041,858$13,799,526$63,523,531
90$108,249,406$23,029,013$14,168,914$69,352,328
91$119,195,024$24,061,613$14,547,750$75,752,254
92$131,254,075$25,141,791$14,936,259$82,780,666
93$144,540,037$26,271,785$15,334,670$90,500,734
94$159,177,955$27,453,937$15,743,216$98,982,034
95$175,305,628$28,690,701$16,162,135$108,301,199
96$193,074,907$29,984,650$16,591,671$118,542,636
97$212,653,127$31,338,478$17,032,072$129,799,318
98$234,224,690$32,755,008$17,483,591$142,173,655
99$257,992,803$34,237,197$17,946,485$155,778,458
100$284,181,394$35,788,145$18,421,018$170,737,993