Can I retire at age 61 with 6,800,000?

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 $6,800,000?

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$561,538$556,536$551,656$546,893$542,242$539,276
2 years$277,989$272,812$267,794$262,929$258,210$255,218
3 years$183,485$178,285$173,280$168,461$163,819$160,893
4 years$136,242$131,059$126,104$121,367$116,837$113,999
5 years$107,904$102,752$97,862$93,221$88,818$86,077
6 years$89,018$83,904$79,087$74,550$70,279$67,638
7 years$75,534$70,463$65,722$61,292$57,155$54,616
8 years$65,425$60,400$55,737$51,416$47,416$44,978
9 years$57,566$52,589$48,006$43,795$39,931$37,594
10 years$51,283$46,354$41,853$37,752$34,023$31,787
11 years$46,146$41,267$36,847$32,855$29,261$27,123
12 years$41,868$37,039$32,701$28,819$25,357$23,316
13 years$38,251$33,472$29,216$25,442$22,112$20,165
14 years$35,153$30,425$26,250$22,585$19,383$17,529
15 years$32,471$27,794$23,701$20,142$17,066$15,302
16 years$30,127$25,500$21,488$18,035$15,083$13,407
17 years$28,060$23,485$19,553$16,204$13,374$11,783
18 years$26,225$21,701$17,850$14,603$11,891$10,383
19 years$24,585$20,112$16,341$13,195$10,599$9,170
20 years$23,111$18,689$14,997$11,951$9,467$8,115
21 years$21,779$17,408$13,794$10,846$8,472$7,194
22 years$20,570$16,250$12,713$9,862$7,594$6,387
23 years$19,467$15,198$11,738$8,981$6,817$5,678
24 years$18,458$14,240$10,856$8,191$6,127$5,054
25 years$17,531$13,364$10,055$7,481$5,514$4,503
26 years$16,677$12,560$9,325$6,840$4,966$4,015
27 years$15,888$11,820$8,659$6,261$4,478$3,584
28 years$15,156$11,138$8,050$5,736$4,040$3,201
29 years$14,476$10,507$7,491$5,260$3,648$2,861
30 years$13,842$9,923$6,978$4,828$3,296$2,558
31 years$13,250$9,381$6,505$4,434$2,980$2,288
32 years$12,697$8,876$6,070$4,075$2,696$2,048
33 years$12,178$8,406$5,667$3,747$2,440$1,834
34 years$11,690$7,967$5,295$3,448$2,209$1,643
35 years$11,232$7,556$4,950$3,174$2,001$1,472
36 years$10,800$7,172$4,631$2,923$1,813$1,319
37 years$10,392$6,812$4,335$2,693$1,643$1,183
38 years$10,007$6,474$4,059$2,482$1,489$1,061
39 years$9,642$6,156$3,803$2,289$1,351$951
40 years$9,297$5,857$3,565$2,111$1,225$853
41 years$8,969$5,575$3,342$1,948$1,111$766
42 years$8,657$5,309$3,135$1,798$1,009$687
43 years$8,361$5,059$2,942$1,659$915$617
44 years$8,079$4,822$2,762$1,532$831$553
45 years$7,811$4,598$2,593$1,415$754$497
46 years$7,555$4,387$2,435$1,307$685$446
47 years$7,310$4,186$2,288$1,208$622$400
48 years$7,076$3,996$2,150$1,116$565$359
49 years$6,853$3,816$2,021$1,031$513$323
50 years$6,639$3,645$1,900$953$466$290

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,800,000, adding $4,650 every year, while hoping to spend $23,273 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: 67/14/19 Blend
60$6,800,000$6,800,000$6,800,000$6,800,000
61$7,498,396$7,137,996$7,032,596$7,965,217
62$8,238,471$7,462,996$7,243,426$8,603,183
63$9,053,252$7,803,141$7,460,539$9,297,420
64$9,950,337$8,159,148$7,684,120$10,056,026
65$10,938,095$8,531,769$7,914,361$10,885,329
66$12,025,748$8,921,793$8,151,459$11,792,293
67$13,223,458$9,330,045$8,395,617$12,784,582
68$14,542,424$9,757,390$8,647,044$13,870,633
69$15,994,985$10,204,736$8,905,953$15,059,731
70$17,594,738$10,673,032$9,172,567$16,362,100
71$19,356,666$11,163,276$9,447,113$17,788,992
72$21,297,279$11,676,510$9,729,825$19,352,797
73$23,434,772$12,213,829$10,020,944$21,067,156
74$25,789,192$12,776,380$10,320,719$22,947,089
75$28,382,631$13,365,364$10,629,404$25,009,134
76$31,239,433$13,982,040$10,947,263$27,271,502
77$34,386,425$14,627,730$11,274,566$29,754,248
78$37,853,168$15,303,817$11,611,592$32,479,454
79$41,672,237$16,011,750$11,958,627$35,471,443
80$45,879,531$16,753,051$12,315,966$38,757,000
81$50,514,605$17,529,312$12,683,913$42,365,625
82$55,621,050$18,342,204$13,062,779$46,329,810
83$61,246,902$19,193,478$13,452,888$50,685,342
84$67,445,096$20,084,967$13,854,569$55,471,639
85$74,273,961$21,018,597$14,268,163$60,732,117
86$81,797,780$21,996,382$14,694,021$66,514,604
87$90,087,386$23,020,437$15,132,503$72,871,781
88$99,220,838$24,092,977$15,583,980$79,861,680
89$109,284,155$25,216,325$16,048,835$87,548,228
90$120,372,128$26,392,914$16,527,460$96,001,848
91$132,589,215$27,625,298$17,020,261$105,300,121
92$146,050,529$28,916,151$17,527,653$115,528,512
93$160,882,918$30,268,277$18,050,065$126,781,177
94$177,226,171$31,684,618$18,587,937$139,161,844
95$195,234,332$33,168,256$19,141,724$152,784,792
96$215,077,154$34,722,421$19,711,893$167,775,924
97$236,941,705$36,350,501$20,298,922$184,273,951
98$261,034,131$38,056,047$20,903,308$202,431,698
99$287,581,602$39,842,783$21,525,559$222,417,540
100$316,834,458$41,714,612$22,166,197$244,416,990