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%19.6%
1 years$520,248$515,614$511,093$506,680$502,371$483,011
2 years$257,549$252,752$248,103$243,596$239,224$219,950
3 years$169,994$165,176$160,539$156,074$151,774$133,192
4 years$126,225$121,422$116,831$112,443$108,246$90,499
5 years$99,970$95,196$90,666$86,367$82,287$65,420
6 years$82,473$77,735$73,272$69,068$65,111$49,134
7 years$69,980$65,282$60,889$56,785$52,953$37,862
8 years$60,614$55,958$51,639$47,635$43,929$29,710
9 years$53,333$48,722$44,476$40,575$36,995$23,626
10 years$47,512$42,946$38,776$34,976$31,521$18,978
11 years$42,753$38,232$34,137$30,439$27,110$15,363
12 years$38,789$34,315$30,296$26,700$23,493$12,513
13 years$35,438$31,011$27,068$23,572$20,486$10,240
14 years$32,569$28,188$24,320$20,924$17,958$8,413
15 years$30,084$25,750$21,958$18,661$15,812$6,933
16 years$27,911$23,625$19,908$16,709$13,974$5,728
17 years$25,997$21,758$18,116$15,013$12,391$4,743
18 years$24,297$20,106$16,537$13,529$11,017$3,933
19 years$22,777$18,634$15,139$12,225$9,820$3,266
20 years$21,412$17,315$13,894$11,072$8,771$2,716
21 years$20,178$16,128$12,780$10,049$7,849$2,260
22 years$19,057$15,055$11,778$9,136$7,036$1,882
23 years$18,036$14,081$10,875$8,321$6,316$1,569
24 years$17,101$13,193$10,058$7,589$5,677$1,308
25 years$16,242$12,381$9,316$6,931$5,108$1,091
26 years$15,451$11,636$8,640$6,337$4,601$911
27 years$14,719$10,951$8,023$5,801$4,148$760
28 years$14,041$10,319$7,458$5,315$3,743$635
29 years$13,411$9,735$6,940$4,874$3,380$530
30 years$12,824$9,193$6,465$4,473$3,054$443
31 years$12,276$8,691$6,027$4,108$2,761$370
32 years$11,763$8,223$5,623$3,775$2,498$309
33 years$11,282$7,788$5,250$3,472$2,260$258
34 years$10,831$7,381$4,906$3,194$2,047$216
35 years$10,406$7,001$4,586$2,940$1,854$180
36 years$10,006$6,645$4,291$2,708$1,679$151
37 years$9,628$6,311$4,016$2,495$1,522$126
38 years$9,271$5,998$3,761$2,300$1,380$105
39 years$8,933$5,703$3,523$2,121$1,251$88
40 years$8,613$5,426$3,302$1,956$1,135$74
41 years$8,309$5,165$3,097$1,805$1,030$62
42 years$8,021$4,919$2,905$1,665$934$51
43 years$7,746$4,687$2,726$1,537$848$43
44 years$7,485$4,468$2,559$1,419$770$36
45 years$7,236$4,260$2,402$1,311$699$30
46 years$6,999$4,064$2,256$1,211$634$25
47 years$6,773$3,878$2,120$1,119$576$21
48 years$6,556$3,702$1,992$1,034$523$18
49 years$6,349$3,536$1,872$955$475$15
50 years$6,151$3,377$1,760$883$432$12

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 $6,304 every year, while hoping to spend $54,445 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: 41/47/12 Blend
60$6,300,000$6,300,000$6,300,000$6,300,000
61$6,949,103$6,615,203$6,517,553$7,209,096
62$7,599,982$6,881,418$6,677,962$7,658,760
63$8,315,426$7,158,854$6,841,919$8,139,256
64$9,101,964$7,448,002$7,009,488$8,658,099
65$9,966,786$7,749,376$7,180,728$9,218,801
66$10,917,818$8,063,516$7,355,702$9,825,214
67$11,963,790$8,390,982$7,534,472$10,481,569
68$13,114,319$8,732,363$7,717,100$11,192,509
69$14,380,005$9,088,274$7,903,648$11,963,133
70$15,772,523$9,459,357$8,094,178$12,799,041
71$17,304,740$9,846,285$8,288,752$13,706,387
72$18,990,831$10,249,760$8,487,432$14,691,928
73$20,846,414$10,670,517$8,690,280$15,763,092
74$22,888,700$11,109,324$8,897,356$16,928,041
75$25,136,652$11,566,985$9,108,722$18,195,747
76$27,611,164$12,044,341$9,324,438$19,576,073
77$30,335,260$12,542,271$9,544,563$21,079,862
78$33,334,307$13,061,693$9,769,157$22,719,037
79$36,636,260$13,603,570$9,998,278$24,506,709
80$40,271,921$14,168,907$10,231,982$26,457,298
81$44,275,230$14,758,757$10,470,327$28,586,666
82$48,683,588$15,374,219$10,713,367$30,912,260
83$53,538,204$16,016,447$10,961,155$33,453,275
84$58,884,492$16,686,644$11,213,745$36,230,829
85$64,772,491$17,386,070$11,471,186$39,268,159
86$71,257,341$18,116,044$11,733,527$42,590,835
87$78,399,805$18,877,945$12,000,816$46,226,997
88$86,266,839$19,673,218$12,273,096$50,207,615
89$94,932,223$20,503,372$12,550,411$54,566,773
90$104,477,260$21,369,987$12,832,800$59,341,992
91$114,991,542$22,274,719$13,120,301$64,574,570
92$126,573,796$23,219,296$13,412,948$70,309,972
93$139,332,813$24,205,531$13,710,771$76,598,249
94$153,388,476$25,235,319$14,013,799$83,494,505
95$168,872,895$26,310,644$14,322,055$91,059,412
96$185,931,646$27,433,582$14,635,560$99,359,769
97$204,725,152$28,606,305$14,954,329$108,469,134
98$225,430,193$29,831,089$15,278,374$118,468,501
99$248,241,575$31,110,315$15,607,702$129,447,063
100$273,373,969$32,446,473$15,942,313$141,503,042