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

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$545,022$540,167$535,431$530,807$526,293$505,412
2 years$269,813$264,788$259,918$255,196$250,616$229,837
3 years$178,088$173,042$168,184$163,506$159,001$138,979
4 years$132,235$127,204$122,395$117,797$113,401$94,288
5 years$104,731$99,729$94,983$90,480$86,206$68,051
6 years$86,400$81,437$76,761$72,357$68,211$51,026
7 years$73,312$68,390$63,789$59,489$55,474$39,252
8 years$63,500$58,623$54,098$49,904$46,021$30,746
9 years$55,873$51,042$46,594$42,507$38,757$24,405
10 years$49,775$44,991$40,622$36,641$33,022$19,566
11 years$44,789$40,053$35,763$31,889$28,400$15,808
12 years$40,637$35,949$31,739$27,971$24,611$12,849
13 years$37,126$32,488$28,356$24,694$21,461$10,494
14 years$34,119$29,530$25,478$21,921$18,813$8,604
15 years$31,516$26,977$23,004$19,549$16,564$7,075
16 years$29,240$24,750$20,856$17,504$14,640$5,833
17 years$27,235$22,794$18,978$15,728$12,981$4,818
18 years$25,454$21,063$17,325$14,174$11,542$3,987
19 years$23,862$19,521$15,860$12,807$10,287$3,303
20 years$22,431$18,140$14,555$11,599$9,189$2,740
21 years$21,139$16,896$13,388$10,527$8,223$2,275
22 years$19,965$15,772$12,339$9,572$7,371$1,890
23 years$18,895$14,751$11,393$8,717$6,616$1,572
24 years$17,915$13,821$10,537$7,950$5,947$1,308
25 years$17,016$12,970$9,759$7,261$5,351$1,088
26 years$16,187$12,190$9,051$6,639$4,820$906
27 years$15,420$11,472$8,405$6,077$4,346$754
28 years$14,710$10,810$7,813$5,568$3,921$628
29 years$14,050$10,198$7,271$5,106$3,541$524
30 years$13,435$9,631$6,773$4,686$3,199$436
31 years$12,861$9,105$6,314$4,303$2,893$364
32 years$12,323$8,615$5,891$3,955$2,617$303
33 years$11,820$8,158$5,500$3,637$2,368$253
34 years$11,347$7,732$5,139$3,346$2,144$211
35 years$10,902$7,334$4,805$3,080$1,942$176
36 years$10,482$6,961$4,495$2,837$1,759$146
37 years$10,087$6,611$4,207$2,614$1,595$122
38 years$9,713$6,283$3,940$2,409$1,446$102
39 years$9,359$5,975$3,691$2,221$1,311$85
40 years$9,023$5,684$3,460$2,049$1,189$71
41 years$8,705$5,411$3,244$1,890$1,079$59
42 years$8,403$5,153$3,043$1,745$979$49
43 years$8,115$4,910$2,856$1,611$888$41
44 years$7,842$4,680$2,680$1,487$806$34
45 years$7,581$4,463$2,517$1,373$732$29
46 years$7,332$4,258$2,364$1,269$665$24
47 years$7,095$4,063$2,221$1,172$604$20
48 years$6,868$3,879$2,087$1,083$548$17
49 years$6,651$3,704$1,962$1,001$498$14
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 $2,682 every year, while hoping to spend $56,522 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: 25/46/29 Blend
60$6,600,000$6,600,000$6,600,000$6,600,000
61$7,275,966$6,926,166$6,823,866$7,391,737
62$7,957,976$7,205,410$6,992,327$7,768,499
63$8,707,656$7,496,441$7,164,537$8,167,194
64$9,531,850$7,799,780$7,340,561$8,593,502
65$10,438,096$8,115,966$7,520,467$9,049,782
66$11,434,699$8,445,566$7,704,321$9,538,616
67$12,530,812$8,789,172$7,892,189$10,062,829
68$13,736,516$9,147,403$8,084,138$10,625,519
69$15,062,920$9,520,905$8,280,236$11,230,078
70$16,522,263$9,910,355$8,480,550$11,880,226
71$18,128,032$10,316,460$8,685,146$12,580,038
72$19,895,085$10,739,960$8,894,092$13,333,985
73$21,839,794$11,181,628$9,107,454$14,146,972
74$23,980,198$11,642,274$9,325,300$15,024,379
75$26,336,176$12,122,742$9,547,694$15,972,110
76$28,929,628$12,623,919$9,774,704$16,996,646
77$31,784,687$13,146,729$10,006,395$18,105,101
78$34,927,947$13,692,140$10,242,830$19,305,289
79$38,388,707$14,261,164$10,484,074$20,605,790
80$42,199,255$14,854,861$10,730,191$22,016,029
81$46,395,169$15,474,339$10,981,242$23,546,361
82$51,015,651$16,120,756$11,237,288$25,208,164
83$56,103,899$16,795,325$11,498,389$27,013,942
84$61,707,515$17,499,315$11,764,604$28,977,440
85$67,878,953$18,234,052$12,035,989$31,113,765
86$74,676,010$19,000,925$12,312,599$33,439,529
87$82,162,380$19,801,388$12,594,488$35,972,996
88$90,408,247$20,636,959$12,881,707$38,734,250
89$99,490,949$21,509,231$13,174,305$41,745,382
90$109,495,709$22,419,867$13,472,328$45,030,687
91$120,516,441$23,370,610$13,775,821$48,616,892
92$132,656,631$24,363,283$14,084,824$52,533,400
93$146,030,317$25,399,794$14,399,375$56,812,562
94$160,763,165$26,482,138$14,719,509$61,489,971
95$176,993,652$27,612,407$15,045,257$66,604,797
96$194,874,377$28,792,788$15,376,645$72,200,144
97$214,573,498$30,025,569$15,713,698$78,323,452
98$236,276,320$31,313,148$16,056,432$85,026,934
99$260,187,045$32,658,032$16,404,863$92,368,064
100$286,530,696$34,062,848$16,758,998$100,410,103