Can I retire at age 61 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$545,022$540,167$535,431$530,807$526,293$505,811
2 years$269,813$264,788$259,918$255,196$250,616$230,228
3 years$178,088$173,042$168,184$163,506$159,001$139,349
4 years$132,235$127,204$122,395$117,797$113,401$94,635
5 years$104,731$99,729$94,983$90,480$86,206$68,373
6 years$86,400$81,437$76,761$72,357$68,211$51,324
7 years$73,312$68,390$63,789$59,489$55,474$39,527
8 years$63,500$58,623$54,098$49,904$46,021$30,998
9 years$55,873$51,042$46,594$42,507$38,757$24,635
10 years$49,775$44,991$40,622$36,641$33,022$19,776
11 years$44,789$40,053$35,763$31,889$28,400$15,999
12 years$40,637$35,949$31,739$27,971$24,611$13,022
13 years$37,126$32,488$28,356$24,694$21,461$10,650
14 years$34,119$29,530$25,478$21,921$18,813$8,743
15 years$31,516$26,977$23,004$19,549$16,564$7,200
16 years$29,240$24,750$20,856$17,504$14,640$5,944
17 years$27,235$22,794$18,978$15,728$12,981$4,918
18 years$25,454$21,063$17,325$14,174$11,542$4,075
19 years$23,862$19,521$15,860$12,807$10,287$3,382
20 years$22,431$18,140$14,555$11,599$9,189$2,810
21 years$21,139$16,896$13,388$10,527$8,223$2,336
22 years$19,965$15,772$12,339$9,572$7,371$1,944
23 years$18,895$14,751$11,393$8,717$6,616$1,619
24 years$17,915$13,821$10,537$7,950$5,947$1,349
25 years$17,016$12,970$9,759$7,261$5,351$1,125
26 years$16,187$12,190$9,051$6,639$4,820$938
27 years$15,420$11,472$8,405$6,077$4,346$782
28 years$14,710$10,810$7,813$5,568$3,921$653
29 years$14,050$10,198$7,271$5,106$3,541$545
30 years$13,435$9,631$6,773$4,686$3,199$455
31 years$12,861$9,105$6,314$4,303$2,893$379
32 years$12,323$8,615$5,891$3,955$2,617$317
33 years$11,820$8,158$5,500$3,637$2,368$265
34 years$11,347$7,732$5,139$3,346$2,144$221
35 years$10,902$7,334$4,805$3,080$1,942$184
36 years$10,482$6,961$4,495$2,837$1,759$154
37 years$10,087$6,611$4,207$2,614$1,595$129
38 years$9,713$6,283$3,940$2,409$1,446$107
39 years$9,359$5,975$3,691$2,221$1,311$90
40 years$9,023$5,684$3,460$2,049$1,189$75
41 years$8,705$5,411$3,244$1,890$1,079$63
42 years$8,403$5,153$3,043$1,745$979$52
43 years$8,115$4,910$2,856$1,611$888$44
44 years$7,842$4,680$2,680$1,487$806$37
45 years$7,581$4,463$2,517$1,373$732$31
46 years$7,332$4,258$2,364$1,269$665$25
47 years$7,095$4,063$2,221$1,172$604$21
48 years$6,868$3,879$2,087$1,083$548$18
49 years$6,651$3,704$1,962$1,001$498$15
50 years$6,444$3,538$1,844$925$452$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,600,000, adding $2,748 every year, while hoping to spend $40,467 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: 68/10/22 Blend
60$6,600,000$6,600,000$6,600,000$6,600,000
61$7,276,035$6,926,235$6,823,935$7,730,258
62$7,975,134$7,222,563$7,009,480$8,331,153
63$8,744,184$7,532,056$7,199,885$8,983,318
64$9,590,279$7,855,315$7,395,269$9,695,796
65$10,521,233$8,192,971$7,595,755$10,474,538
66$11,545,655$8,545,683$7,801,470$11,326,093
67$12,673,033$8,914,142$8,012,540$12,257,673
68$13,913,820$9,299,073$8,229,097$13,277,216
69$15,279,533$9,701,231$8,451,276$14,393,463
70$16,782,864$10,121,410$8,679,212$15,616,040
71$18,437,796$10,560,439$8,913,046$16,955,543
72$20,259,739$11,019,188$9,152,920$18,423,643
73$22,265,670$11,498,566$9,398,981$20,033,192
74$24,474,299$11,999,526$9,651,377$21,798,344
75$26,906,239$12,523,065$9,910,261$23,734,685
76$29,584,208$13,070,228$10,175,787$25,859,384
77$32,533,236$13,642,108$10,448,115$28,191,348
78$35,780,906$14,239,850$10,727,406$30,751,403
79$39,357,610$14,864,654$11,013,825$33,562,489
80$43,296,839$15,517,776$11,307,542$36,649,873
81$47,635,500$16,200,531$11,608,728$40,041,387
82$52,414,260$16,914,295$11,917,559$43,767,690
83$57,677,931$17,660,512$12,234,214$47,862,556
84$63,475,895$18,440,692$12,558,875$52,363,190
85$69,862,568$19,256,418$12,891,729$57,310,577
86$76,897,914$20,109,346$13,232,966$62,749,869
87$84,648,010$21,001,213$13,582,779$68,730,808
88$93,185,671$21,933,836$13,941,366$75,308,194
89$102,591,136$22,909,121$14,308,928$82,542,401
90$112,952,824$23,929,060$14,685,670$90,499,943
91$124,368,173$24,995,745$15,071,801$99,254,103
92$136,944,553$26,111,363$15,467,533$108,885,617
93$150,800,285$27,278,208$15,873,083$119,483,441
94$166,065,755$28,498,680$16,288,671$131,145,583
95$182,884,643$29,775,297$16,714,523$143,980,027
96$201,415,284$31,110,694$17,150,867$158,105,751
97$221,832,157$32,507,632$17,597,935$173,653,845
98$244,327,535$33,969,004$18,055,964$190,768,749
99$269,113,300$35,497,841$18,525,195$209,609,612
100$296,422,939$37,097,318$19,005,872$230,351,789