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

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,086 every year, while hoping to spend $34,497 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: 60/33/7 Blend
60$6,400,000$6,400,000$6,400,000$6,400,000
61$7,058,046$6,718,846$6,619,646$7,471,123
62$7,741,262$7,011,365$6,804,700$8,040,859
63$8,493,010$7,317,061$6,994,797$8,657,582
64$9,320,244$7,636,544$7,190,069$9,329,367
65$10,230,625$7,970,451$7,390,653$10,061,509
66$11,232,597$8,319,451$7,596,687$10,859,832
67$12,335,460$8,684,242$7,808,315$11,730,740
68$13,549,466$9,065,559$8,025,682$12,681,274
69$14,885,907$9,464,167$8,248,938$13,719,177
70$16,357,229$9,880,871$8,478,237$14,852,969
71$17,977,144$10,316,511$8,713,735$16,092,017
72$19,760,762$10,771,969$8,955,594$17,446,630
73$21,724,732$11,248,168$9,203,979$18,928,148
74$23,887,401$11,746,074$9,459,059$20,549,049
75$26,268,984$12,266,701$9,721,006$22,323,061
76$28,891,759$12,811,107$9,989,998$24,265,295
77$31,780,272$13,380,405$10,266,216$26,392,379
78$34,961,572$13,975,757$10,549,847$28,722,614
79$38,465,466$14,598,383$10,841,080$31,276,143
80$42,324,798$15,249,558$11,140,111$34,075,141
81$46,575,761$15,930,620$11,447,139$37,144,014
82$51,258,239$16,642,971$11,762,368$40,509,634
83$56,416,179$17,388,076$12,086,007$44,201,582
84$62,098,011$18,167,474$12,418,270$48,252,428
85$68,357,103$18,982,775$12,759,377$52,698,032
86$75,252,263$19,835,666$13,109,552$57,577,879
87$82,848,295$20,727,915$13,469,023$62,935,445
88$91,216,612$21,661,374$13,838,026$68,818,607
89$100,435,908$22,637,983$14,216,801$75,280,087
90$110,592,901$23,659,774$14,605,594$82,377,945
91$121,783,152$24,728,878$15,004,657$90,176,120
92$134,111,966$25,847,526$15,414,245$98,745,032
93$147,695,388$27,018,055$15,834,624$108,162,239
94$162,661,295$28,242,917$16,266,061$118,513,160
95$179,150,605$29,524,678$16,708,832$129,891,880
96$197,318,607$30,866,028$17,163,218$142,402,027
97$217,336,426$32,269,785$17,629,508$156,157,747
98$239,392,640$33,738,903$18,107,995$171,284,769
99$263,695,057$35,276,476$18,598,979$187,921,590
100$290,472,677$36,885,748$19,102,770$206,220,771