Can I retire at age 61 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$528,506$523,798$519,205$514,722$510,345$497,201
2 years$261,637$256,764$252,041$247,463$243,021$229,866
3 years$172,692$167,798$163,088$158,552$154,183$141,428
4 years$128,228$123,349$118,686$114,228$109,964$97,709
5 years$101,557$96,707$92,105$87,738$83,593$71,870
6 years$83,782$78,969$74,435$70,165$66,144$54,965
7 years$71,090$66,318$61,856$57,686$53,793$43,159
8 years$61,576$56,847$52,458$48,392$44,627$34,533
9 years$54,180$49,495$45,182$41,219$37,582$28,020
10 years$48,267$43,628$39,391$35,531$32,022$22,979
11 years$43,432$38,839$34,679$30,923$27,540$19,003
12 years$39,405$34,860$30,777$27,123$23,865$15,820
13 years$36,001$31,503$27,497$23,946$20,811$13,240
14 years$33,086$28,636$24,706$21,256$18,243$11,130
15 years$30,561$26,159$22,306$18,957$16,062$9,389
16 years$28,354$24,000$20,224$16,974$14,196$7,944
17 years$26,409$22,104$18,403$15,251$12,587$6,738
18 years$24,682$20,425$16,800$13,744$11,192$5,727
19 years$23,139$18,929$15,379$12,419$9,976$4,876
20 years$21,752$17,590$14,114$11,248$8,910$4,158
21 years$20,498$16,384$12,982$10,208$7,974$3,549
22 years$19,360$15,294$11,965$9,282$7,147$3,033
23 years$18,322$14,304$11,048$8,453$6,416$2,595
24 years$17,373$13,402$10,217$7,709$5,767$2,221
25 years$16,500$12,577$9,463$7,041$5,189$1,902
26 years$15,696$11,821$8,777$6,438$4,674$1,630
27 years$14,953$11,125$8,150$5,893$4,214$1,398
28 years$14,264$10,483$7,577$5,399$3,803$1,199
29 years$13,624$9,889$7,051$4,951$3,434$1,029
30 years$13,028$9,339$6,567$4,544$3,103$883
31 years$12,471$8,829$6,123$4,173$2,805$758
32 years$11,950$8,354$5,712$3,835$2,537$651
33 years$11,461$7,911$5,334$3,527$2,296$559
34 years$11,003$7,498$4,984$3,245$2,079$480
35 years$10,571$7,112$4,659$2,987$1,883$413
36 years$10,165$6,750$4,359$2,751$1,706$355
37 years$9,781$6,411$4,080$2,535$1,546$305
38 years$9,418$6,093$3,820$2,336$1,402$262
39 years$9,075$5,794$3,579$2,154$1,271$225
40 years$8,750$5,512$3,355$1,987$1,153$193
41 years$8,441$5,247$3,146$1,833$1,046$166
42 years$8,148$4,997$2,951$1,692$949$143
43 years$7,869$4,761$2,769$1,562$861$123
44 years$7,604$4,538$2,599$1,442$782$106
45 years$7,351$4,328$2,441$1,332$710$91
46 years$7,110$4,129$2,292$1,230$645$78
47 years$6,880$3,940$2,153$1,137$585$67
48 years$6,660$3,761$2,024$1,050$532$58
49 years$6,450$3,592$1,902$971$483$50
50 years$6,249$3,431$1,788$897$438$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,400,000, adding $6,218 every year, while hoping to spend $33,980 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: 65/19/16 Blend
60$6,400,000$6,400,000$6,400,000$6,400,000
61$7,059,214$6,720,014$6,620,814$7,490,179
62$7,743,099$7,013,140$6,806,457$8,072,614
63$8,495,602$7,319,491$6,997,180$8,704,321
64$9,323,685$7,639,678$7,193,117$9,393,789
65$10,235,021$7,974,342$7,394,407$10,146,664
66$11,238,064$8,324,155$7,601,190$10,969,159
67$12,342,127$8,689,820$7,813,610$11,868,111
68$13,557,476$9,072,072$8,031,818$12,851,042
69$14,895,417$9,471,683$8,255,963$13,926,232
70$16,368,414$9,889,459$8,486,202$15,102,793
71$17,990,197$10,326,248$8,722,694$16,390,757
72$19,775,897$10,782,933$8,965,604$17,801,165
73$21,742,184$11,260,443$9,215,098$19,346,172
74$23,907,431$11,759,749$9,471,348$21,039,158
75$26,291,881$12,281,869$9,734,530$22,894,857
76$28,917,841$12,827,868$10,004,824$24,929,488
77$31,809,890$13,398,863$10,282,415$27,160,913
78$34,995,115$13,996,023$10,567,492$29,608,797
79$38,503,362$14,620,573$10,860,248$32,294,795
80$42,367,520$15,273,797$11,160,883$35,242,755
81$46,623,833$15,957,039$11,469,598$38,478,939
82$51,312,237$16,671,707$11,786,602$42,032,269
83$56,476,740$17,419,275$12,112,108$45,934,597
84$62,165,838$18,201,290$12,446,334$50,221,006
85$68,432,970$19,019,371$12,789,504$54,930,134
86$75,337,027$19,875,213$13,141,845$60,104,539
87$82,942,899$20,770,594$13,503,593$65,791,096
88$91,322,098$21,707,376$13,874,986$72,041,440
89$100,553,424$22,687,510$14,256,270$78,912,445
90$110,723,714$23,713,039$14,647,697$86,466,762
91$121,928,660$24,786,105$15,049,521$94,773,403
92$134,273,711$25,908,952$15,462,008$103,908,393
93$147,875,070$27,083,930$15,885,425$113,955,481
94$162,860,788$28,313,504$16,320,048$125,006,928
95$179,371,977$29,600,255$16,766,158$137,164,372
96$197,564,138$30,946,887$17,224,044$150,539,787
97$217,608,631$32,356,234$17,694,000$165,256,531
98$239,694,289$33,831,268$18,176,328$181,450,508
99$264,029,207$35,375,101$18,671,335$199,271,447
100$290,842,698$36,990,993$19,179,336$218,884,308