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%19.3%
1 years$545,022$540,167$535,431$530,807$526,293$506,613
2 years$269,813$264,788$259,918$255,196$250,616$231,014
3 years$178,088$173,042$168,184$163,506$159,001$140,094
4 years$132,235$127,204$122,395$117,797$113,401$95,332
5 years$104,731$99,729$94,983$90,480$86,206$69,023
6 years$86,400$81,437$76,761$72,357$68,211$51,926
7 years$73,312$68,390$63,789$59,489$55,474$40,082
8 years$63,500$58,623$54,098$49,904$46,021$31,508
9 years$55,873$51,042$46,594$42,507$38,757$25,102
10 years$49,775$44,991$40,622$36,641$33,022$20,202
11 years$44,789$40,053$35,763$31,889$28,400$16,386
12 years$40,637$35,949$31,739$27,971$24,611$13,373
13 years$37,126$32,488$28,356$24,694$21,461$10,967
14 years$34,119$29,530$25,478$21,921$18,813$9,029
15 years$31,516$26,977$23,004$19,549$16,564$7,457
16 years$29,240$24,750$20,856$17,504$14,640$6,174
17 years$27,235$22,794$18,978$15,728$12,981$5,123
18 years$25,454$21,063$17,325$14,174$11,542$4,258
19 years$23,862$19,521$15,860$12,807$10,287$3,544
20 years$22,431$18,140$14,555$11,599$9,189$2,954
21 years$21,139$16,896$13,388$10,527$8,223$2,464
22 years$19,965$15,772$12,339$9,572$7,371$2,057
23 years$18,895$14,751$11,393$8,717$6,616$1,718
24 years$17,915$13,821$10,537$7,950$5,947$1,436
25 years$17,016$12,970$9,759$7,261$5,351$1,201
26 years$16,187$12,190$9,051$6,639$4,820$1,005
27 years$15,420$11,472$8,405$6,077$4,346$841
28 years$14,710$10,810$7,813$5,568$3,921$704
29 years$14,050$10,198$7,271$5,106$3,541$589
30 years$13,435$9,631$6,773$4,686$3,199$493
31 years$12,861$9,105$6,314$4,303$2,893$413
32 years$12,323$8,615$5,891$3,955$2,617$346
33 years$11,820$8,158$5,500$3,637$2,368$290
34 years$11,347$7,732$5,139$3,346$2,144$243
35 years$10,902$7,334$4,805$3,080$1,942$204
36 years$10,482$6,961$4,495$2,837$1,759$171
37 years$10,087$6,611$4,207$2,614$1,595$143
38 years$9,713$6,283$3,940$2,409$1,446$120
39 years$9,359$5,975$3,691$2,221$1,311$100
40 years$9,023$5,684$3,460$2,049$1,189$84
41 years$8,705$5,411$3,244$1,890$1,079$71
42 years$8,403$5,153$3,043$1,745$979$59
43 years$8,115$4,910$2,856$1,611$888$50
44 years$7,842$4,680$2,680$1,487$806$42
45 years$7,581$4,463$2,517$1,373$732$35
46 years$7,332$4,258$2,364$1,269$665$29
47 years$7,095$4,063$2,221$1,172$604$24
48 years$6,868$3,879$2,087$1,083$548$20
49 years$6,651$3,704$1,962$1,001$498$17
50 years$6,444$3,538$1,844$925$452$14

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 $3,749 every year, while hoping to spend $21,500 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: 43/35/22 Blend
60$6,600,000$6,600,000$6,600,000$6,600,000
61$7,277,067$6,927,267$6,824,967$7,543,185
62$7,996,452$7,243,827$7,030,728$8,048,911
63$8,788,494$7,575,178$7,242,661$8,594,120
64$9,660,580$7,922,023$7,460,950$9,184,394
65$10,620,853$8,285,095$7,685,785$9,823,904
66$11,678,283$8,665,168$7,917,362$10,517,229
67$12,842,755$9,063,048$8,155,881$11,269,395
68$14,125,161$9,479,583$8,401,548$12,085,922
69$15,537,505$9,915,660$8,654,578$12,972,872
70$17,093,013$10,372,209$8,915,188$13,936,903
71$18,806,259$10,850,206$9,183,606$14,985,332
72$20,693,304$11,350,673$9,460,063$16,126,196
73$22,771,844$11,874,679$9,744,798$17,368,330
74$25,061,382$12,423,348$10,038,059$18,721,442
75$27,583,408$12,997,857$10,340,098$20,196,206
76$30,361,602$13,599,438$10,651,178$21,804,355
77$33,422,059$14,229,384$10,971,566$23,558,791
78$36,793,535$14,889,050$11,301,540$25,473,699
79$40,507,718$15,579,856$11,641,384$27,564,683
80$44,599,527$16,303,291$11,991,392$29,848,902
81$49,107,441$17,060,915$12,351,866$32,345,231
82$54,073,864$17,854,363$12,723,117$35,074,434
83$59,545,522$18,685,350$13,105,465$38,059,357
84$65,573,906$19,555,674$13,499,240$41,325,134
85$72,215,761$20,467,218$13,904,780$44,899,422
86$79,533,614$21,421,957$14,322,436$48,812,655
87$87,596,371$22,421,961$14,752,566$53,098,327
88$96,479,964$23,469,401$15,195,540$57,793,300
89$106,268,070$24,566,552$15,651,741$62,938,147
90$117,052,899$25,715,798$16,121,559$68,577,528
91$128,936,062$26,919,640$16,605,399$74,760,603
92$142,029,537$28,180,699$17,103,677$81,541,489
93$156,456,719$29,501,722$17,616,819$88,979,766
94$172,353,589$30,885,591$18,145,268$97,141,026
95$189,869,996$32,335,326$18,689,475$106,097,490
96$209,171,071$33,854,093$19,249,908$115,928,676
97$230,438,788$35,445,210$19,827,047$126,722,140
98$253,873,677$37,112,159$20,421,386$138,574,298
99$279,696,725$38,858,587$21,033,435$151,591,321
100$308,151,454$40,688,321$21,663,718$165,890,127