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%11.3%
1 years$528,506$523,798$519,205$514,722$510,345$507,554
2 years$261,637$256,764$252,041$247,463$243,021$240,206
3 years$172,692$167,798$163,088$158,552$154,183$151,429
4 years$128,228$123,349$118,686$114,228$109,964$107,294
5 years$101,557$96,707$92,105$87,738$83,593$81,013
6 years$83,782$78,969$74,435$70,165$66,144$63,659
7 years$71,090$66,318$61,856$57,686$53,793$51,403
8 years$61,576$56,847$52,458$48,392$44,627$42,332
9 years$54,180$49,495$45,182$41,219$37,582$35,383
10 years$48,267$43,628$39,391$35,531$32,022$29,917
11 years$43,432$38,839$34,679$30,923$27,540$25,528
12 years$39,405$34,860$30,777$27,123$23,865$21,944
13 years$36,001$31,503$27,497$23,946$20,811$18,979
14 years$33,086$28,636$24,706$21,256$18,243$16,498
15 years$30,561$26,159$22,306$18,957$16,062$14,402
16 years$28,354$24,000$20,224$16,974$14,196$12,618
17 years$26,409$22,104$18,403$15,251$12,587$11,090
18 years$24,682$20,425$16,800$13,744$11,192$9,772
19 years$23,139$18,929$15,379$12,419$9,976$8,630
20 years$21,752$17,590$14,114$11,248$8,910$7,637
21 years$20,498$16,384$12,982$10,208$7,974$6,771
22 years$19,360$15,294$11,965$9,282$7,147$6,011
23 years$18,322$14,304$11,048$8,453$6,416$5,344
24 years$17,373$13,402$10,217$7,709$5,767$4,756
25 years$16,500$12,577$9,463$7,041$5,189$4,238
26 years$15,696$11,821$8,777$6,438$4,674$3,779
27 years$14,953$11,125$8,150$5,893$4,214$3,373
28 years$14,264$10,483$7,577$5,399$3,803$3,013
29 years$13,624$9,889$7,051$4,951$3,434$2,692
30 years$13,028$9,339$6,567$4,544$3,103$2,407
31 years$12,471$8,829$6,123$4,173$2,805$2,154
32 years$11,950$8,354$5,712$3,835$2,537$1,928
33 years$11,461$7,911$5,334$3,527$2,296$1,726
34 years$11,003$7,498$4,984$3,245$2,079$1,546
35 years$10,571$7,112$4,659$2,987$1,883$1,385
36 years$10,165$6,750$4,359$2,751$1,706$1,242
37 years$9,781$6,411$4,080$2,535$1,546$1,113
38 years$9,418$6,093$3,820$2,336$1,402$998
39 years$9,075$5,794$3,579$2,154$1,271$895
40 years$8,750$5,512$3,355$1,987$1,153$803
41 years$8,441$5,247$3,146$1,833$1,046$721
42 years$8,148$4,997$2,951$1,692$949$647
43 years$7,869$4,761$2,769$1,562$861$580
44 years$7,604$4,538$2,599$1,442$782$521
45 years$7,351$4,328$2,441$1,332$710$468
46 years$7,110$4,129$2,292$1,230$645$420
47 years$6,880$3,940$2,153$1,137$585$377
48 years$6,660$3,761$2,024$1,050$532$338
49 years$6,450$3,592$1,902$971$483$304
50 years$6,249$3,431$1,788$897$438$273

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 $5,707 every year, while hoping to spend $31,993 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: 37/45/18 Blend
60$6,400,000$6,400,000$6,400,000$6,400,000
61$7,058,687$6,719,487$6,620,287$7,281,227
62$7,744,633$7,014,701$6,808,026$7,737,824
63$8,499,472$7,323,309$7,000,982$8,227,247
64$9,330,200$7,645,933$7,199,297$8,755,227
65$10,244,521$7,983,224$7,403,114$9,325,242
66$11,250,926$8,335,865$7,612,582$9,941,103
67$12,358,770$8,704,573$7,827,853$10,606,990
68$13,578,362$9,090,094$8,049,084$11,327,490
69$14,921,061$9,493,215$8,276,434$12,107,634
70$16,399,383$9,914,756$8,510,068$12,952,945
71$18,027,120$10,355,579$8,750,155$13,869,482
72$19,819,468$10,816,584$8,996,867$14,863,901
73$21,793,174$11,298,717$9,250,382$15,943,508
74$23,966,689$11,802,966$9,510,882$17,116,328
75$26,360,347$12,330,367$9,778,552$18,391,175
76$28,996,554$12,882,006$10,053,585$19,777,733
77$31,899,999$13,459,021$10,336,176$21,286,643
78$35,097,887$14,062,601$10,626,526$22,929,596
79$38,620,199$14,693,996$10,924,842$24,719,445
80$42,499,969$15,354,512$11,231,335$26,670,316
81$46,773,603$16,045,520$11,546,222$28,797,739
82$51,481,214$16,768,454$11,869,724$31,118,790
83$56,667,008$17,524,818$12,202,069$33,652,245
84$62,379,696$18,316,188$12,543,492$36,418,752
85$68,672,957$19,144,213$12,894,231$39,441,023
86$75,605,942$20,010,623$13,254,531$42,744,038
87$83,243,835$20,917,230$13,624,644$46,355,277
88$91,658,464$21,865,932$14,004,828$50,304,972
89$100,928,984$22,858,719$14,395,346$54,626,385
90$111,142,619$23,897,676$14,796,470$59,356,116
91$122,395,491$24,984,986$15,208,475$64,534,440
92$134,793,519$26,122,938$15,631,648$70,205,679
93$148,453,427$27,313,932$16,066,277$76,418,611
94$163,503,841$28,560,479$16,512,662$83,226,926
95$180,086,505$29,865,215$16,971,108$90,689,717
96$198,357,617$31,230,898$17,441,929$98,872,034
97$218,489,304$32,660,423$17,925,444$107,845,486
98$240,671,249$34,156,819$18,421,981$117,688,905
99$265,112,476$35,723,263$18,931,878$128,489,083
100$292,043,331$37,363,085$19,455,478$140,341,576